Just to clarify more on this issue , read this article :)
India's high savings rate and forex reserves will weather global economic troubles Swaminomics
1.Hi..we all keep on hearing a lot about i-banking and risk management(my favourite) jobs in finance..but i want to know one thing out of curiosity that what's the prospect of an mba finance in commercial banking..although it's not as glamorous as the above mentioned domains but still it's an important pillar of banking considering that most of the big banks that come to recruit in b-chools like citi,stanchart,hsbc,yes bank,axis bank ,icici and a few psu are mainly commercial banks ...so what's the growth prospects for an mba finance in commercial banking...what kind of work is he expected to do over there with the mba (fin) degree...
2.Secondly another thing that i would like to know is that what is corporate finance...some say it is similar to i-banking whwre as some say it's diffrent from i-banking...so whats corporate finance all about..i guess mba (fin) are absorbed in corporate finance sector..so which are the companies that recruit them i mean corporate finance people..are the banks recruiting them or some thing else..also whats growth prospects in corporate finance...what exactly is one expected to do in corporate finance sector !!!
2.Secondly another thing that i would like to know is that what is corporate finance...some say it is similar to i-banking whwre as some say it's diffrent from i-banking...so whats corporate finance all about..i guess mba (fin) are absorbed in corporate finance sector..so which are the companies that recruit them i mean corporate finance people..are the banks recruiting them or some thing else..also whats growth prospects in corporate finance...what exactly is one expected to do in corporate finance sector !!!
1.Hi..we all keep on hearing a lot about i-banking and risk management(my favourite) jobs in finance..but i want to know one thing out of curiosity that what's the prospect of an mba finance in commercial banking..although it's not as glamorous as the above mentioned domains but still it's an important pillar of banking considering that most of the big banks that come to recruit in b-chools like citi,stanchart,hsbc,yes bank,axis bank ,icici and a few psu are mainly commercial banks ...so what's the growth prospects for an mba finance in commercial banking...what kind of work is he expected to do over there with the mba (fin) degree...
Growth Prospects are huge in Banking , i am sure you know banks are not just lenders any more but now have become complete solution houses
From Personal Banking, SME Banking , Priority Banking , Cash Management Services , Trading Related Services , wholesale banking , derivative trading , fund managment , wealth management , Private banking , risk management , Cash settlement services , merchant banking
One can end up working under any of the domain Post MBA , so opportunities galore ..
And growth prospects are huge :)2.Secondly another thing that i would like to know is that what is corporate finance...some say it is similar to i-banking whwre as some say it's diffrent from i-banking...so whats corporate finance all about..i guess mba (fin) are absorbed in corporate finance sector..so which are the companies that recruit them i mean corporate finance people..are the banks recruiting them or some thing else..also whats growth prospects in corporate finance...what exactly is one expected to do in corporate finance sector !!!
Corporate finance and investment banking are totally different
Corporate Finance relates to activities such as
Capital Budgeting
Understanding the cash flow
Financial Evaluation of the Projects
Risk and Uncertainty
Working Capital Management
Optimum level of Cash, Inventory, Debtors
Trade-off between profitability and liquidity
Financing working capital requirement
Long Term Financing
Understanding cost of Capital
Determinants of Capital Structure
Raising funds
Dividend Policy
Optimum Dividend pay-out ratio
Share buy-back/ bonus/ stock split
Whereas Investment Banking roles are more confined to mergers and acquisition , IPO issue , underwriting servcies
Now which companies hire for corporate finance , so i have given certain points about it , my question would be which firm doesnt :)
@Abhi-okay,so going by that almost all companies hire for corporate finance... i guess that also includes FMCG cos and big banks also..now the question is do corporate finance has certain certificationm course unlike risk management or equity analyst to exhibit that one is strongly interested in that domain post mba...secondly how difficult it is to shift from banking (commercial) to corporate finance especially for engineers....
@Abhi-okay,so going by that almost all companies hire for corporate finance... i guess that also includes FMCG cos and big banks also..now the question is do corporate finance has certain certificationm course unlike risk management or equity analyst to exhibit that one is strongly interested in that domain post mba...
Yes its true and given you end up in a b-school where the corporate finance profile is offered by FMCG and Big Banks :)
Now Banks is a different case altogether if you just glance through any bank's balance sheet and compare it with say an Tata Motor's one , you will know needs are different :)
Risk Management is again applicable to every company , including banks
GARP - Overview
Equity Analyst is very different profile altogether its about technical and fundamental analysis of stocks and bonds and try to see which of them are undervalued or overvalued to be bought or sold
FLIP , NCFM provide certifications for the same , do check it out
secondly how difficult it is to shift from banking (commercial) to corporate finance especially for engineers
I simply dont know , may be you can tell me about it after a few years :), as per my experience , with Stan Chart , its quite different from IT to Banking :)
EDIT : For Corporate finance , CFA would definetly help but an MBA is enough to start your career in this domain 😃
thanks abhi...btw i didn't meant to say that whether risk management is applicable to corporate finance or not..what i was trying to say that with FRM+MBA you end up in risk management dept. of an orgnzn...FRM is basically a certification if you want to pursue career in risk management..what i was saying that suppose a person does only mba(fin) and no FRM degree and wants to be in corporate finance domain then how much convincing will that be..i mean with an FRM degree you can convince people or recruiters that you want to be in risk management det. of an organization,similarly how do you convince some one that you want to be in corp. finance domain ..will only mba(fin) work for that or do you need something more !!!:D
skctee Saysthanks abhi...btw i didn't meant to say that whether risk management is applicable to corporate finance or not..what i was trying to say that with FRM+MBA you end up in risk management dept. of an orgnzn...FRM is basically a certification if you want to pursue career in risk management..what i was saying that suppose a person does only mba(fin) and no FRM degree and wants to be in corporate finance domain then how much convincing will that be..i mean with an FRM degree you can convince people or recruiters that you want to be in risk management det. of an organization,similarly how do you convince some one that you want to be in corp. finance domain ..will only mba(fin) work for that or do you need something more !!!:D
A CFA can always complement your MBA in Finance , but MBA itself is enough to start a successful career in Corporate Finance 😃
Hi
I am currently pursuing Executive MBA(PGPEX) from IIMC.
I am 5 yr experienced in software Industry (Not in Finance Domain).
I am pursuing MBA in Finance but I am not interested in Investment banking,considering the hectic life of investment banker.
But I want to move to other finance jobs.
I cleared CFA Level I in June 2011 as my first step towards finance career.
Now I am thinking whether to write Level II or not.
What kind of finance jobs would be available for me with this qualification (applying off campus apart from campus placements) in Indian industry?
Would it help me in off campus placements to write level II by next yr(till then our placements would be over,so in off campus jobs)?
Thanks in advance.
hello all,
I am a newbie to finance sector, I would like to know which sectors/branches of finance involve more number crunching (I love numbers) than client facing roles...
Hi
I am currently pursuing Executive MBA(PGPEX) from IIMC.
I am 5 yr experienced in software Industry (Not in Finance Domain).
I am pursuing MBA in Finance but I am not interested in Investment banking,considering the hectic life of investment banker.
But I want to move to other finance jobs.
I cleared CFA Level I in June 2011 as my first step towards finance career.
Now I am thinking whether to write Level II or not.
What kind of finance jobs would be available for me with this qualification (applying off campus apart from campus placements) in Indian industry?
Would it help me in off campus placements to write level II by next yr(till then our placements would be over,so in off campus jobs)?
Thanks in advance.
Hello smile281,
As far as investment banking is concerned, one should also refer the returns and benefits of it. Then you'll have a broader perspective.
Well, its good that you have cleared CFA L1. If you are interested in asset management or portfolio management then clearing further levels of CFA would be much beneficial as well as crucial. Not only in India but abroad as well. No one can guarantee that clearing L2 will land you hefty paying job for sure (don't believe if someone does!). Even guys who clear all 3 levels say the same. But of course recruiters will prefer you more than others. Thats for sure.
You can opt for retail baking, corporate banking, private equity, venture capital, sales & trading, mutual funds & so on. It depends what you are interested in. If you are clear about that, then it won't be much difficult for you.
It will be a lot easier for you to find a job in on campus than off campus. But if you want to go for the later one than you have to network like ninja, unless you have an insider (jack!).
I read somewhere on PG that a guy having cleared L2 & MBA from one of IIMS got an internship with Meryll Linch, in retail baking. Even he said that L2 helped, but it is just another feather in the cap!
Hope this helps. Good Luck!
hello all,
I am a newbie to finance sector, I would like to know which sectors/branches of finance involve more number crunching (I love numbers) than client facing roles...
Hey living,
Why aren't you interested in Client Facing? Because in Finance at some phase you'll have to do that, unless you want to stay back office and keep earning low! (I mean lower than other roles, which involve client facing). Client facing will teach you a lot about different people, how to deal with them (as well as how not to!). It will not only help you but also groom you!
Loving numbers won't be enough, you'd need to play with numbers and make a very beautiful story (profits!
) out of it. If you can do that, voila!Accounting, KPO jobs in IB, sales & trading, PE involve number crunching. But it doesn't mean that you won't have to face client.
Change your perspective and world will be much bigger (and much better!) for you 😃
thanks a lot the reply... I don't hate client facing.. jus that numbers r my strength rather than ppl :P.... so thought will leverage my strength to the max...
Got any idea of certifications (apart from CFA/MBA Fin/CA) which can be of use in getting in to research area of a i-bank/ financial advisory / business research etc...
thanks a lot the reply... I don't hate client facing.. jus that numbers r my strength rather than ppl :P.... so thought will leverage my strength to the max...
Got any idea of certifications (apart from CFA/MBA Fin/CA) which can be of use in getting in to research area of a i-bank/ financial advisory / business research etc...
Its good that numbers are your strength. You can do a lot with it, if you know how! I'd like to add that with this strength, just be open to face clients. You might not know how many wonders it can do! Because if you consider a long term perspective, you will literally start hating number crunching (this happens, I've seen it). You'd just want to move out of it.
Just consider the scenario : after a decade or more working in that field you suddenly feel that your life is just limited to bunch of papers and now you want to go out and meet people and you want to make deals but you haven't developed interest for it nor have you the strength, so what do you do now? You might feel that it'd have been better if you'd learned those skills. So think and decide!
Well, I am just saying, you know. Rest is up to you.
Well, doing MBA Fin from a non target B School can land you a job in the back/middle office work of IB, which might interest you. But work experience outweighs any certificate. For the sake of knowledge you can opt for NCFM, FRM, PG Diploma in Finance. Go for CFA only if you are interested in asset/portfolio/fund management. Else, for you, its just not worth doing. Because you'll have to spend a lot of time & money for CFA.
To know more on FRM read this thread.
Hope this helps!
Hi all,
Apologies if my question sounds weird, but how are people recruited into international financial organization like the World Bank/IMF/etc? Also what kind of profiles (among the various ones described in earlier posts) suit them the best?
Regards,
Kris
Hi,
I am a mechanical engineer and am interested in pursuing a career in finance.
I am a little confused about how Masters in Operations Research, Masters in Financial Engineering (or quantitative finance as some universities call it) and an MBA compare when looking at a career in i-banking, asset management or consulting.
Why finance pros make it habit to settle into corner office - The Economic Times
another reason to do mba in finance
"CEOs sometimes find that it's the CFO who knows the business better after them. In that case, the CFOs are best positioned to succeed them,"
another reason to do mba in finance
"CEOs sometimes find that it's the CFO who knows the business better after them. In that case, the CFOs are best positioned to succeed them,"
Hi,
I am a mechanical engineer and am interested in pursuing a career in finance.
I am a little confused about how Masters in Operations Research, Masters in Financial Engineering (or quantitative finance as some universities call it) and an MBA compare when looking at a career in i-banking, asset management or consulting.
Hi amulya17,
Your post shows how much confused you are. Don't get me wrong, but you know, we all go through this phase (I've been!) and we all seek very logical & cogent solutions. (And sometimes we do found ourselves enjoying through this time ;)) But in the process you get to understand yourself better!
I'll try to help you out. First of all you need to understand the difference between all the career fields you've mentioned here. Take a look.
I-Banking: I guess you have the basic idea, eh? Core concept is to raise capital by issuing securities & it also assists in Mergers & Acquisitions. To become an I-Banker, in a Bulge Bracket I-Bank, you need MBA Finance from Top Tier B-School. Top recruiters prefer IIM-A,B,C.
I can't just put enough info about IB in this post, as there is tons of it! You should dig dipper, if you are really interested in it. I'll insist & recommend to go through these links:
1) Mergers & Inquisitions (Best website for IB)
2) PG Thread (Best thread on PG for IB)
Take my word, if you'd refer these URLs diligently, you'd gain tremendous knowledge about IB.
Top players : Goldman Sachs, J P Morgan, Bank of America, Citigroup, Deutsche Bank, Barclays Capital, Morgan Stanley, SBI Caps, ICICI Bank ...
Asset Management: Now this is completely different than IB. I don't think any comparison should be done between IB & AM (still some guys do!). The name itself gives you an idea what it means.
Basically, you'd be responsible for managing assets (as per name!) and you should be able to generate handsome returns from those assets. Your bonus depends on the return you generate.
You don't need MBA Fin from Tier 1 B-School, but it can't hurt, though 😉 But you'd better off getting your MBA Fin from very well known B-Schools. CFA certification will be icing on the cake
. Go through this thread, if you want to know more. There is tremendous info on CFA.Consulting: I presume you're referring to Management Consulting. These field focuses on helping organizations improve their performance primarily through the analysis of existing organizational problems and development of plans for improvement.
It involves lot of case studies to be applied. Top recruiters prefer MBA from very reputed or Top Tier B-Schools.
Top Players : McKinsey, KPMG, Deloitte, Bain, Pricewaterhouse Coopers, Ernst & Young, Accenture ...
Plenty of information, about Management Consulting , is given on this site.
For all these fields, work hours would be nearly similar (and longer) at initial level but it gets better as you move ahead in the direction. Even base pay remains quiet equivalent. What differs (and matters most!) is the BONUS
This discussion is never ending. But above all these things, I'd would say just one thing.
"DO WHAT YOU ARE INTERESTED IN AND WHAT YOU'D LOVE TO DO AT ANY MOMENT OF YOUR LIFE. "
So pursue your interest, big bucks will follow you! Just do some research before hand, it will give you a better idea & a clear direction.
Hope this helps! Good Luck!
hiiiii i m ateemptin for cat 2012
and i also wanted to knw that y i shuld choose finance as my subject for mba
hiiiii i m ateemptin for cat 2012
and i also wanted to knw that y i shuld choose finance as my subject for mba
To be honest, only you can give the answer of this question.
You should choose finance only if you are interested in it and you wish to pursue a long term career in it. Else it is worth not going for, simple :)
You'll get a clear perspective if you know your interested field to be in and career options after choosing that field.
can u just tell me where can i get the study material for cat ??????