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Business Chartered Financial Analyst (CFA)
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Oklahoma
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 Jun 3 2020, 06:04 PM
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QUOTE(jagadis @ Jun 3 2020, 02:17 PM) Hi all. I have a masters degree in Engineering (CGPA:3.4). Wanting to enter the financial field but can't seem to jump in it easily. Will CFA help me? I understand it is extremely tough and would require like 300-350 hours of self-study. Where do i register for the exam and is it possible to study everything by December when the conduct the exams? you dont need a CFA to jump into finance, and there are many types of finance. i.e. M&A, Capital Markets, Credit, Corporate Banking, etc etc. But CFA will help |
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Oklahoma
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Jun 4 2020, 11:39 AM
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QUOTE(jagadis @ Jun 4 2020, 09:43 AM) I understand this. looking to enter into Investment Banking. Referred to a few friends who advised to take CFA first. Have also been applying since February but nothing has materialised since then. Its hard to enter pure IB - M&A, Debt Capital Markets, Equity Capital Markets, they dont hire fresh grad. Even if they do, they hire management associates and chances of rotating into IB is slim. But keep trying, dont want to let that CFA go to waste And look, IB is not what it used to be. 20 years ago its a cash cow and people are merging and raising money via banks left right center but fast forward in 2020? Margins are thin and competitive, bonus cut to 4 digits instead of 5. Gone are the days for IB to make top dollars, although they still make decent money than most industries, with great exits. Im an ex-IB so I know. This post has been edited by Oklahoma: Jun 4 2020, 11:40 AM |
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Oklahoma
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Jun 4 2020, 03:37 PM
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QUOTE(jagadis @ Jun 4 2020, 03:24 PM) Wow. Good to know an ex-IB person. btw. I'm not exactly a fresh grad. had 6 years working experience in the engineering field before persuing my Masters in Engineering. Was also working part-time and full time while I was completing my masters. But somewhere in the middle of all that, I think I found my interest in investment and Finance. Some say its too late to get into a new path but I'm still hoping. Its a little late honestly, assuming you're in your late 20s reaching 30. Whats so interesting about investment and finance? You know you could practice investment without joining IB right? Just trade on the side with your current full time job. |
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Oklahoma
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Jun 4 2020, 05:02 PM
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QUOTE(darthbii @ Jun 4 2020, 04:55 PM) What's the cash cow right now?  I'd say tech. Whatever you do, do tech. But just like any new and booming industry, countries like Malaysia will always be a laggard, including its people. But we already see a trend here in SEA like Grab, Shopee, Lazada, etc etc. Programming Data Science Machine Learning Artificial Intelligence This post has been edited by Oklahoma: Jun 4 2020, 05:05 PM |
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Oklahoma
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Jun 4 2020, 08:35 PM
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QUOTE(darthbii @ Jun 4 2020, 05:58 PM) Ahh, something I would have liked to hear but am a bit skeptical on it as well. It might take a while for Malaysian companies to ride on the big data trend with the needed capital investment into infrastructure which would support it. Anyway, having been in the IB industry, what are your thoughts on careers that integrate finance knowledge together with data tech like machine learning/AI? Are there such career paths in Malaysia or would it take real long before it comes here? Interested to hear being a soon-to-be finance graduate that has been messing around with Python & machine learning libraries at home.  I think it really packs a punch to recruiters and companies out there looking for real talents. Great job mastering two different skill sets. But dont be disappointed if they dont recognize your hard work and intrinsic talent. Just move on and accept a lower paying job, in context of Malaysia. But anyhow, its a good start. This post has been edited by Oklahoma: Jun 4 2020, 08:36 PM |
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