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Business Chartered Financial Analyst (CFA)

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jagadis
post Jun 3 2020, 02:17 PM

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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?
jagadis
post Jun 4 2020, 09:43 AM

Aspire to Inspire before we expire
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QUOTE(Oklahoma @ Jun 3 2020, 06:04 PM)
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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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.
jagadis
post Jun 4 2020, 03:24 PM

Aspire to Inspire before we expire
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Senior Member
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Joined: Jul 2007
From: 192.0.0.1


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.
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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.

 

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