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Business Chartered Financial Analyst (CFA)
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darthbii
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Jun 4 2020, 04:55 PM
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QUOTE(Oklahoma @ Jun 4 2020, 11:39 AM) 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. What's the cash cow right now?
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darthbii
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Jun 4 2020, 05:58 PM
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QUOTE(Oklahoma @ Jun 4 2020, 05:02 PM) 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 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.
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darthbii
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Jun 5 2020, 05:53 PM
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QUOTE(Oklahoma @ Jun 4 2020, 08:35 PM) 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. Aha, far from even mastering one what more both incredibly vast fields. Yeah, Malaysia might take a while to catch up on advancements but who knows?
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