Forums - Anybody have a career related to markets, but no necessarily trading?

HOME FORUMS BROKERS SOFTWARE BOOKS CONTACT US

Your Account • Become a Member • Help • Search

	Forums ›› Trading for a Living ›› Career Trader ›› Anybody have a career related to markets, but no necessarily trading?

Page 14 of 16: « First Page 5 6 7 8 9 10 11 12 13 14 15 16

newwurldmn

Registered: Apr 2011
Posts: 2619

07-11-12 02:37 AM

Quote from Ash1972:

All valid points (apart from the one about flipping burgers - I'd probably burn them..) I cannot deny that some people have done extremely well out of an MBA, particularly those that got their timing right. I just tend to be sceptical about the mindset that thinks "I just need to get this great name MBA and I'm made for life". It is rather herd like.

PLUS the actual content of an MBA course may be detrimental to the unwary. MBAs tend to teach a plausible but totally incorrect approach to markets. The smartest MBA graduates would be aware of the need to "unlearn" certain parts of the course.

Who cares about the herd? Have you done any business courses? The knowledge thought in them is very fundamental. It's not enough to make you a successful trader by itself, but it's important to understanding other aspects than your specialization.

Don't dismiss the MBA. It wasn't for me, but I can see why someone would do it

Regarding burning burgers the guy at the grill store said a ceramic charcoal grill males is hArder to burn stuff. I'm tempted to get a big green egg.

Edit/Delete • Quote • Complain

Ash1972

Registered: May 2009
Posts: 441

07-11-12 03:04 AM

Quote from newwurldmn:

Who cares about the herd? Have you done any business courses? The knowledge thought in them is very fundamental. It's not enough to make you a successful trader by itself, but it's important to understanding other aspects than your specialization.

Don't dismiss the MBA. It wasn't for me, but I can see why someone would do it

But we've already agreed it's the NAME that matters. There are a thousand MBA courses that will teach you useful business skills, but when it comes to getting a prized job, it's coming from the top 5 schools (worldwide?) that matters. Hence we have an extremely narrow range of people making the key decisions in society. In fact
having a top tier MBA is necessary to show you belong to this club.

Nobody spending $150K on a Harvard MBA is doing it because the accounting or equity analysis courses are superior. It's to show they made it into the club.

Edit/Delete • Quote • Complain

newwurldmn

Registered: Apr 2011
Posts: 2619

07-11-12 03:20 AM

Quote from Ash1972:

But we've already agreed it's the NAME that matters. There are a thousand MBA courses that will teach you useful business skills, but when it comes to getting a prized job, it's coming from the top 5 schools (worldwide?) that matters. Hence we have an extremely narrow range of people making the key decisions in society. In fact
having a top tier MBA is necessary to show you belong to this club.

Nobody spending $150K on a Harvard MBA is doing it because the accounting or equity analysis courses are superior. It's to show they made it into the club.

That's true. The content in a HBS program isn't any different from a Univ. of Kansas program. That name is worth pursuing.

If you can't get that name then the risk/rewards change drastically but they aren't strictly against doing it.

Its not quite top 5 worldwide, but it is very selective (maybe top 20?). Personally I think that getting into a top mba is a more fair process than getting into an Ivy as an undergrad. People who couldn't go to Ivy's (because of money for example) can get nice scholarships and loans to get into a top MBA if they did well in their undergrad and proved successful in their careers. And any loans you get from bschool can quickly be paid off with your salary which can easily be 150 in your first year. Many companies used to pay 1/2 your tuition as a signing bonus.

Edit/Delete • Quote • Complain

Froglet

Registered: Jun 2011
Posts: 151

07-14-12 09:28 PM

Quote from newwurldmn:

I still think a good job in Finance is research analyst: it has a good risk/reward and isn't too strenious and has a lot of longevity.

The second best job is risk manager. You get to work on interesting projects and have the ultimate career stability

If I'm not mistaken they are risk management certification as well? How can I venture more into this?

I've been trying to get some exposure to interest rate risk at work.

Thanks

Edit/Delete • Quote • Complain

Froglet

Registered: Jun 2011
Posts: 151

07-14-12 09:29 PM

Quote from Ash1972:

I honestly think you're in the wrong part of the economic cycle to count on an MBA qualification getting you into a good job.

Have you considered IT/programming within banking? It's an oft overlooked career path. If you can master a programming language (C# is the one I would recommend) and get to know a couple of business areas/product lines really well you could have a seriously rewarding career working directly with end users such as traders and risk managers. The beauty is you end up with expertise in two areas: the technology and the business domain.

I'm a ICS fall out. lol.

Edit/Delete • Quote • Complain

Froglet

Registered: Jun 2011
Posts: 151

07-14-12 09:55 PM

I really appreciate the genuine help here, as I want you folks to know I appreciate it. I know this is just an online thing and all, but talking it out and getting diff't feedback does help.

I've thought long and hard and here is what I'm planning on doing from 2012 and into 2013.

I plan on being a part time student for an MBA program, maybe 1-2 courses, along w/ studying for the CFA LEVEL 1 in 2013.

I've just ordered the CFA basic note to give myself a feel.

If I feel that the MBA course is too overwhelming, I'll shift out of it and focus on the CFA for June 2013.

I think this way, I can get the best of 3 worlds.

-Maintain Work Studies
-Dabble w/ CFA
-Dabble w/ MBA

Financial aid will only cover me if I take 2 courses, but I think that might actually be too overwhelming. I am not going to take a loan, or go that route.

My main priority is obviously maintaining my work and CFA.

What do you folks think?

Thanks.

Edit/Delete • Quote • Complain

Page 14 of 16: « First Page 5 6 7 8 9 10 11 12 13 14 15 16

Receive an email whenever a new post is added to this thread by subscribing to it.

Rate This Thread:

Forum Jump:

Conduct Rules - Privacy Policy - Day Trader - Day Trader Forum - Best Trading Software - Sitemap

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures Futures Brokerage & Clearing AMP Global Clearing Futures and FX Trading Bright Trading Professional Equities Trading CTS Futures Trading Software DaytradingBias.com Professional Trading Analytics ECHOtrade Professional Trading Firm	eSignal Trading Software Provider FXCM Forex Trading Services Global Futures Futures, Options & FX Trading Interactive Brokers Pro Gateway to World Markets JC Trading Group Direct Access Trading MB Trading Direct Access Trading	MultiCharts Trading Software Provider NinjaTrader Trading Software Provider OANDA Currency Trading optionshouse Option Trading & Education Rithmic Futures Trade Execution Platform SpeedTrader Direct Access Trading	SpreadProfessor Spread Trading Instruction thinkorswim by TD Ameritrade Direct Access Trading TradersStudio System Building & Backtesting Trading Technologies Trading Software Provider Trend Following Trading Systems Provider