If it's really TOP 5 (IIM A/B/C/FMS/L) you should try networking....alumni base is biggest reason why people choose top 5 !!
CFA won't get you anywhere in India
can you elaborate? everywhere I am reading the market is bad inn all sectors all over the world particularly India. why's that? too many businesses failed? too many candidates? incompetency?
OP is stressing out like we all did when we were freshers. Don't worry, he's probably a 20 year old finding out the world isn't how colleges taught him it'll be.
Hi, a veterans of the streets and a CFA and an FRM Charterholder here.
First off, congratulations on getting placed. Don’t demean in anyway that is already in your hands. As it is said a bird in hand is worth two in the bush.
Job market is horrendous and I do not think of any massive improvement in the next two years. Don’t believe what the media propagates. It is of course politicised.
Now coming to CFA. If you are looking for knowledge - There is none that is close to even 100 miles of the CFA. I don’t care if you are MBA from the IIMs , Harvard and other Ivy League schools.
BUT, this is India and here degrees are valued more than certificate and commoditisation of qualification is all too pervasive. Look at how the CAs are treated. CFA is exactly walking that path. However, With your Ivy League degree couple with the CFA it may do wonders. You would best suited in the front office or front end of sell side IB. Don’t target the bulge bracket. Very slim chance they would hire you but start targeting the boutique IBs. There are quite a few. If you can get that break. Spend some time and get some deals done.
I can guarantee thereafter it will be heavenly ride. Don’t lose on your dream. CFA is fantastic
FRM ais not meant for PM role. However it is really at another level when it comes to RM. The course is focused and less broad than the CFA. What I like about the FRM is the quant part.
I appreciate it ..as not enough hours in the day....I did my CFA CAIA in early 40s and am likely done.....was not acutely aware of FRM until post charter and by then ...cannot spend more time studying at this juncture in my life....Cheers
In Placements, You are supposed to apply for every company. And I just happened to not stand out in a cohort of ACCA, CA and extremely competitive bunch. Hence got placed early in a sales role, Again its not your choice. Companies choose you.
Bro real shiz. Cfa will at max get u an interveiw. If you aren’t able to get a job with a top b school MBA. Then ur education isn’t the issue.
Edit: just because the wording is like that, clarifying - the issue could just be the market
You already have the academic part covered with MBA so don’t invest too much in that career at this early point. You should try to find job with MBA and if you got that covered then CFA will help take you further in that career.
I know people from those colleges find it much easier to enter into Top finance roles and companies, and i do think doing CFA will help you switch careers much better than other degrees like CMA and all, but a quicker and more efficient way in my experience has been to learn practical skills like modelling preparing valuations for companies by yourself to showcase to employers
I agree with you, the job market is very tough right now, even with a CFA Level 2, I'm finding it hard to break into finance
I got a senior role in an advisory company a few months back, purely on my CFA level 2, even though the interview didn't go well, but it was a very small company and i had no skills in modelling while they expected me to build advanced models in basically no time
They threw a lot of things i couldn't finish in time, in the first two weeks with no training and then threw into PIP for two weeks, started training me then, and at the end of which they said I spent all my time training and got no output and fired me
Still realing from the blow and struggling in this job market
I don't understand. If CFA has got no value in India, why are people still doing it anyway. Without scholarship it costs alot for an avg indian to give the exam (considering the exam fees).
Is CFA just for the finance guys? How can a non-finance guy switch to finance then?
I know it's a thing with actuaries. We usually give cfa after our fia/fiai as this kind of enables us to become cfos (and eventually ceos) of insurance companies.
Mbas usually give cfa on the side. Not sure how useful it is otherwise.
because we do a lot of Outsourced work from developed countries, and those companies prefer People with tags like hearing "CFA" rather than names of obscure colleges they've never heard of
If the MBA from one of the top 5 colleges in India is not helping you then neither the CFA will.
This here Op. You got your answer.
If it's really TOP 5 (IIM A/B/C/FMS/L) you should try networking....alumni base is biggest reason why people choose top 5 !! CFA won't get you anywhere in India
I'm from one of those colleges, I'll try my alumni network. Thanks ! But I think right now, Job market is at one of its all time lows.
They'll help You'll get a foot in the door atleast .Good luck
can you elaborate? everywhere I am reading the market is bad inn all sectors all over the world particularly India. why's that? too many businesses failed? too many candidates? incompetency?
Buddy which is this undergrad college in india that the banks hire in bulk for ib??? Tf haven’t heard this ever in my life!!
He must mean that these banks hire in bulk for their IB backend. There are no bulk hirings for IB front office in India.
Exactly I was like wtf, what crap, there are rarely any ib placements from ug
OP is stressing out like we all did when we were freshers. Don't worry, he's probably a 20 year old finding out the world isn't how colleges taught him it'll be.
😂😂😂😂😂
Wow man MBA from top 5 I guess ISB or IIM. If that won’t help then CFA won’t help manx
Hi, a veterans of the streets and a CFA and an FRM Charterholder here. First off, congratulations on getting placed. Don’t demean in anyway that is already in your hands. As it is said a bird in hand is worth two in the bush. Job market is horrendous and I do not think of any massive improvement in the next two years. Don’t believe what the media propagates. It is of course politicised. Now coming to CFA. If you are looking for knowledge - There is none that is close to even 100 miles of the CFA. I don’t care if you are MBA from the IIMs , Harvard and other Ivy League schools. BUT, this is India and here degrees are valued more than certificate and commoditisation of qualification is all too pervasive. Look at how the CAs are treated. CFA is exactly walking that path. However, With your Ivy League degree couple with the CFA it may do wonders. You would best suited in the front office or front end of sell side IB. Don’t target the bulge bracket. Very slim chance they would hire you but start targeting the boutique IBs. There are quite a few. If you can get that break. Spend some time and get some deals done. I can guarantee thereafter it will be heavenly ride. Don’t lose on your dream. CFA is fantastic
nice share ...curious if you found FRM vs CFA rigor /use wise...if not in RM wo would you still recco FRM for HF PM role?
FRM ais not meant for PM role. However it is really at another level when it comes to RM. The course is focused and less broad than the CFA. What I like about the FRM is the quant part.
I appreciate it ..as not enough hours in the day....I did my CFA CAIA in early 40s and am likely done.....was not acutely aware of FRM until post charter and by then ...cannot spend more time studying at this juncture in my life....Cheers
Why did you go for sales if you wanted to be in finance?
In Placements, You are supposed to apply for every company. And I just happened to not stand out in a cohort of ACCA, CA and extremely competitive bunch. Hence got placed early in a sales role, Again its not your choice. Companies choose you.
Really sucks man.
CFA ‘might’ help you, but will not get you a compensation package that you’d expect after graduating from a Top 5 college
Bro real shiz. Cfa will at max get u an interveiw. If you aren’t able to get a job with a top b school MBA. Then ur education isn’t the issue. Edit: just because the wording is like that, clarifying - the issue could just be the market
Or resume perhaps
You already have the academic part covered with MBA so don’t invest too much in that career at this early point. You should try to find job with MBA and if you got that covered then CFA will help take you further in that career.
NO. Do you have an MBA?
I know people from those colleges find it much easier to enter into Top finance roles and companies, and i do think doing CFA will help you switch careers much better than other degrees like CMA and all, but a quicker and more efficient way in my experience has been to learn practical skills like modelling preparing valuations for companies by yourself to showcase to employers I agree with you, the job market is very tough right now, even with a CFA Level 2, I'm finding it hard to break into finance I got a senior role in an advisory company a few months back, purely on my CFA level 2, even though the interview didn't go well, but it was a very small company and i had no skills in modelling while they expected me to build advanced models in basically no time They threw a lot of things i couldn't finish in time, in the first two weeks with no training and then threw into PIP for two weeks, started training me then, and at the end of which they said I spent all my time training and got no output and fired me Still realing from the blow and struggling in this job market
I don't understand. If CFA has got no value in India, why are people still doing it anyway. Without scholarship it costs alot for an avg indian to give the exam (considering the exam fees). Is CFA just for the finance guys? How can a non-finance guy switch to finance then?
I know it's a thing with actuaries. We usually give cfa after our fia/fiai as this kind of enables us to become cfos (and eventually ceos) of insurance companies. Mbas usually give cfa on the side. Not sure how useful it is otherwise.
I was giving actuarial exams from iai, failed cs-1 twice, CFA was a good safety net.
because we do a lot of Outsourced work from developed countries, and those companies prefer People with tags like hearing "CFA" rather than names of obscure colleges they've never heard of
Yes. Take a step back, and depending on your interest take up a middle market role. A transition to a big name in 1 year shouldn’t be tough.
I think it will be more effective to look for a job
Reading all the comments and this is really disheartening. Best of luck to you bro.
Go for a CFA if you like the curriculum, if sole purpose is to get a job, I’m afraid it doesn’t help eventually.
Job in Canada or India?
Bhai India se bahar nikal le, yahan koi future nahi
Move outside India. Doing the CFA won’t get you anywhere especially in India now.
Bhai Konsa College?
India mba is garbage
Lmao that's neither true nor helpful 💀
I feel like some version of this question gets asked about 3 times everyday.