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Froglet
Registered: Jun 2011
Posts: 151 |
05-30-12 11:00 PM
I work a full time job as a clerk at a local insitution and have always wanted to expand my career. I seek income and I want exposure to the capital markets and what not.
I'm not fond of the whole trading thing too much, unless it is required as I know 'real' trading isn't necessarily about day in/day out transactions.
I'm thinking about either a CFA or a Master's Degree. But I guess I want to hear and see if there are any careers in the fixed income side/ equity side, or if there's a potential for me to do something I enjoy.
I don't want to sell funds, or be a financial advisor. I did think about being a portfolio managers, but that's so far away. Right now, I feel like I'd enjoy the operational sides of things.
Any advice from 'real' people? Not just retail guys. lolz
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newwurldmn
Registered: Apr 2011
Posts: 2623 |
05-30-12 11:06 PM
Institutional Sales - relationship manager for clients of a bank
Risk Management - ensuring that the firm isn't over exposed
Research analyst - coming up with trade ideas as well as following various stocks
Quant - building models
CFA won't help you get a job. Masters from a good school in a relevant field (MBA, Masters in Financial Engineering) will help.
Research analyist is the best in my opinion. A good one will always have employment somewhere and you can dial up and down your career based on work life preferences.
After that Risk Management is good because while it's a lot of reports, there's a lot of interesting problems to look at.
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pistolpt
Registered: Feb 2012
Posts: 129 |
05-31-12 02:09 AM
Quote from newwurldmn:
CFA won't help you get a job. Masters from a good school in a relevant field (MBA, Masters in Financial Engineering) will help.
BS. CFA definitely helps you get a job, but is much harder than MBA. Although MUCH cheaper.
MBA helps but you saddle yourself with tons of debt.
In my experience, those who cannot get CFA get MBA. Some get both, those are the really driven ones.
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newwurldmn
Registered: Apr 2011
Posts: 2623 |
05-31-12 03:45 AM
Quote from pistolpt:
BS. CFA definitely helps you get a job, but is much harder than MBA. Although MUCH cheaper.
MBA helps but you saddle yourself with tons of debt.
In my experience, those who cannot get CFA get MBA. Some get both, those are the really driven ones.
i assume you have a cfa.
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pistolpt
Registered: Feb 2012
Posts: 129 |
05-31-12 02:55 PM
Quote from newwurldmn:
i assume you have a cfa.
Yeah. I've seen friends of mine who couldn't even pass the first test (much easier than the 2nd and 3rd) go on and get an MBA from Columbia.
They ended up doing just fine, but aren't research analysts. Half of them are freggin marketers. yech.
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Froglet
Registered: Jun 2011
Posts: 151 |
06-05-12 10:08 PM
Quote from newwurldmn:
Institutional Sales - relationship manager for clients of a bank
Risk Management - ensuring that the firm isn't over exposed
Research analyst - coming up with trade ideas as well as following various stocks
Quant - building models
CFA won't help you get a job. Masters from a good school in a relevant field (MBA, Masters in Financial Engineering) will help.
Research analyist is the best in my opinion. A good one will always have employment somewhere and you can dial up and down your career based on work life preferences.
After that Risk Management is good because while it's a lot of reports, there's a lot of interesting problems to look at.
I'll never under-estimate a degree or certficiation, but rather I've come to realize that if you can pass the CFA in today's terms, you aren't some BS type of guy.
I'm not saying a Master's degree is worthless either, but both require hard work.
I'm kind of stuck in cross roads in terms of maintaining a hold in today's world. I'm not into the glitz and glamor that a lot of people make it out to be, because it's not. I want to solidfy and find the next step in my career/job.
I'm thinking about a Master's degree though, because of networking outlets, but the CFA seems more technical and applicable.
I don't know where my true passion lies, or what I'm really good at. I just have a bachelors in business/finance. To say the least, I forgot a GOOD CHUNK of the stuff I've learned. Yet, I've seen a lot of senior guys still very good w/ their BUSINESS CALCULATORS. lolz
I wanna be like that, be in something where my profession is second nature.
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