Oct 12 2019, 03:05 AM
QUOTE(Topace111 @ Jun 14 2019, 11:28 AM)
I think learning curve depends on the size of your portfolio assigned. Hence, you may have different experience wherever you go (big / small company included). In terms of sell vs buy, most will join sell first then they go buy. There are some transferable skills but the nature of work is a bit different. It’s something like external audit vs internal audit.
You can always set a plan for your career which is good but keep it flexible in case you find better opportunities or it does not fit your preference.
In terms of studying CFA, I always value work experience over professional qualifications (I think most portfolio managers do too). If you think you have good career progression (plenty of job opportunities, meaningful projects, primed for promotion), I will always choose job over study. If you can cope with both, you can always try but don’t over stress yourself.
I would like to concur that employers do value work experience over professional qualifications. Managed to more than doubled my salary in less than 3 years from when I first started out as Research Assistant (now Equity Analyst for 2 years). Grateful that I have passed the 6 figure annual salary mark.You can always set a plan for your career which is good but keep it flexible in case you find better opportunities or it does not fit your preference.
In terms of studying CFA, I always value work experience over professional qualifications (I think most portfolio managers do too). If you think you have good career progression (plenty of job opportunities, meaningful projects, primed for promotion), I will always choose job over study. If you can cope with both, you can always try but don’t over stress yourself.
This is even after taking a few tries to pass my CMSRL exams in the 1st year and have just failed my CFA level 1 for the 3rd time. I mainly blame it to the fact that I prioritize my work over my studies for CFA. What really helped me was getting top ranking with clients, having unique insights on my coverage as well as ability to get critical information to help with stocks call.
Not to say that you don’t need CFA. It teaches you the fundamentals in analysing financial statements and how to perform valuations. Learning the syllabus will definitely increase your confidence in your work. So I salute all those whom are able to pass their CFA exams while working. They are a higher level of disciplined breed.
From hereon, I’m just trying to sharpen my skills and gain more knowledge wherever I can as well as continue to build better relationships with market players and hope this would bring me to that RM20-30k level in the future
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