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 CFA or MBA ?, to go into investment banking

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SUSalaskanbunny
post May 21 2014, 11:13 PM

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QUOTE(ohemmgee @ May 21 2014, 06:48 PM)
Currently I am in my first year undergraduate majoring in IT and would like to go into investment banking for my career. I understand that investment banking accept all sort of majors but should I take up either CFA or MBA to score a better chance of going into IB ?

Should I take CFA Level 1 exam in my final year to have a higher chance of going into investment banking upon graduation ?
Or should I focus completely on my undergraduate studies (e.g. : CGPA & Co-curricular activities) ?
Or should I work for a few years upon graduation and then go for MBA after that ?

My main goal is to go into investment banking once I graduate but am afraid IT graduate would have a lower chance.

Thank you in advance for your advice.
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lol.. finish ur undergrad first then return here n ask... u r 3 years too early

QUOTE(zheng88 @ May 21 2014, 06:53 PM)
Just work first and then decide, but my bet is with CFA as there are too many MBAs right now which has become a worthless piece of paper
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wrong... mbas yes, mba holders from top schools are hard to come by... in fact it is the cfa holders that are too many

QUOTE(Y.J.S @ May 21 2014, 08:24 PM)
Investment bank in western countries prefer non economic major. This is because economic or finance major are everywhere. IT graduates will be much sought after due to their high problem solving skills and knowledge in IT.
But I strongly suggest you to break in to IB straight away after you graduate from university. Don't waste your time on postgraduate. NO ONE will hire postgraduate with zero working experience in investment banking field.
You could work as analyst in an investment bank for 1 to 2 years first. Then only study for MBA if you wanna move up the ladder to associate position OR exit to the buy-side career (I'd suggest this one).

You are so wrong. CFA cost more than MBA to study but its function is not as great as the MBA. After obtaining the MBA, your job scope will not be limited whereas CFA will only limit you in certain career that act as specialist.
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this is d biggest bs ever... are u working in a IB? local IB or .... dude, ppl that are bent on entering IB knows u hv to undergo internships while u r in school... who says freshies dont get positions... in fact at tops IBs, most entry pos goes to freshies postgrad or not

CFA cost more than MBA? i guess u must be comparing with those unranked msian schools right?

and CFA as a specialist? you gotta be kidding me...
SUSalaskanbunny
post May 22 2014, 01:17 AM

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QUOTE(ohemmgee @ May 22 2014, 12:29 AM)
I wanna plan everything properly in advance so that I can go into investment banking the moment I graduate. I do not wanna regret not doing anything that could have gotten me into IB.
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why then go down d IT path?
SUSalaskanbunny
post May 22 2014, 09:04 AM

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QUOTE(Y.J.S @ May 22 2014, 06:52 AM)
QUOTE
I'm talking about ivy leagues.
QUOTE
You are so wrong. CFA cost more than MBA to study but its function is not as great as the MBA.

do u know how much a ivy league mba cost? and do u know how much is it to get your CFA?

When you get CFA, you're only limited to your current career or maybe something that's related. But for sure it wouldn't make you jump to other different jobs. CFA specialises in a certain field dude, don't ya understand? An employer would rather hire a MBA than a CFA, true story.
if you make general comparison between MBA and CFA, then yes... CFA is more specialized but if you're referring to IB, then its not... for the context of argument, ts mentioned IB.. so what other 'jobs' are you referring to? buat kopi in IB doesnt count... 'employer' you're talking about means companies in general or are we still referring to IBs? so if we compare IT, CFA, MBA... i guess CFA & MBA is categorized more towards business and IT towards tech... but u recommend TS to take IT? doh.gif

And yes, no one will will recruit fresh postgraduates. If you think investment bank will hire fresh postgraduates, than either the investment bank is new/lack of employees or you're being plain lucky.
QUOTE
But I strongly suggest you to break in to IB straight away after you graduate from university.  Don't waste your time on postgraduate. NO ONE will hire postgraduate with zero working experience in investment banking field.

are you contradicting urself? 1st u say break into IB straight after school, isnt that being a freshie? and worse still bac of IT freshie? then u say no1 will hire postgrad freshie...? so u r saying it makes more sense for IBs to hire bac of IT freshies over MBA freshies? cant brain what's ur logic..

errr, are you talking from the perspective of local IBs, or are you talking about IBs in london, sg, hk, NY? anyone really wanting to enter IB would have 7-12 months of internship b4 grad, and 1 year of internship after graduation for their bachelors and even more years by the time they complete their mba... btw, some of these internships pays better than entry salaries of other industries.. so u think IBs would prefer to hire some1 working in a diff industry like corp/retail to join them? this is irregardless of being a bachelor or mba freshie... and even with no internship experience, if u do well in school, offers are up all the way to phd freshies


QUOTE
Investment bank in western countries prefer non economic major. This is because economic or finance major are everywhere. IT graduates will be much sought after due to their high problem solving skills and knowledge in IT.

are everywhere? doh.gif bkn uitm la bro... we are referring to top schools.. btw, banks hire more buss background than engineers, but IT? you gotta be kidding me...

QUOTE
You could work as analyst in an investment bank for 1 to 2 years first. Then only study for MBA if you wanna move up the ladder to associate position OR exit to the buy-side career (I'd suggest this one).
so u r saying TS to enter IB fresh from school with a bac of IT, work 1-2 years then only go MBA? if TS can enter IB with a bac of IT by all means go ahead.. notworthy.gif

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This post has been edited by alaskanbunny: May 22 2014, 09:07 AM
SUSalaskanbunny
post May 26 2014, 08:33 AM

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QUOTE(acgerlok7 @ May 25 2014, 07:02 PM)
Dude, isit possible to enter top b-school from as a "non" famous uni grad? Ie. Must u be a undergrad grad from top unis to break into top b school?
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get extremely well gmat scores ^^

 

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