Career switch - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Education and Personal Growth

Education and Personal Growth Schools, further studies, getting ready for employment, and motivation stuff




Career switch

Reply
 
Thread Tools
  #1 (permalink)  
Old 26-05-2011, 10:39 PM
Verified Member
 
Join Date: May 2011
Posts: 23
financepil is on a distinguished road
Default Career switch

Hi,
Just need some advice on CFA L1.Im currentley working as an Assitant engineer for a technology firm.I have 4 years of engineering experience.During my 3rd year I started doing my part time degree.Said that Im gonna finish up my degree next month(2011/May).I have a strong feeling that Engineerig aint my cup of tea!!!
My interest have changed towards finance.So Ive taken the initial step to sit for CFA lev 1 exam coming Dec to gain some banking/finance knowledge

Just a few questions to clarify??
1) After passing Level 1 what are my chances of getting a job in finace side??
2) main reason for doing CFA is to get in to MFE programme offered by NTU.what are my chances of getting admitted in to a university MFE programme with CFA Level 1 + Parttime engineering degree ??
3) Hw long should I reserve for CFA study preparation??? (My math is really good)(Finance zero-done fair bit of accounting during high school)
4)Which area in finance should I look forward to work in??

Thanks in advace

Reply With Quote
  #2 (permalink)  
Old 22-06-2011, 04:01 PM
Verified Member
 
Join Date: Jun 2011
Posts: 21
sportscar is on a distinguished road
Default

Pretty hard case to crack dude.. In the first place why took up Engineering?Did you just realized it isn't your thing as you went along?

Reply With Quote
  #3 (permalink)  
Old 07-09-2011, 04:37 PM
Millionaire Member
 
Join Date: Sep 2011
Posts: 275
Hermit is on a distinguished road
Default

Quote:
Originally Posted by financepil View Post
Hi,
Just need some advice on CFA L1.Im currentley working as an Assitant engineer for a technology firm.I have 4 years of engineering experience.During my 3rd year I started doing my part time degree.Said that Im gonna finish up my degree next month(2011/May).I have a strong feeling that Engineerig aint my cup of tea!!!
My interest have changed towards finance.So Ive taken the initial step to sit for CFA lev 1 exam coming Dec to gain some banking/finance knowledge

Just a few questions to clarify??
1) After passing Level 1 what are my chances of getting a job in finace side??
2) main reason for doing CFA is to get in to MFE programme offered by NTU.what are my chances of getting admitted in to a university MFE programme with CFA Level 1 + Parttime engineering degree ??
3) Hw long should I reserve for CFA study preparation??? (My math is really good)(Finance zero-done fair bit of accounting during high school)
4)Which area in finance should I look forward to work in??

Thanks in advace
I know a few better-prepared finance people fail the CFA. To be painfully honest you sound unprepared and ill-informed. So I am not sure of you making it. Apologies if I am too frank.

Reply With Quote
  #4 (permalink)  
Old 11-09-2011, 02:18 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by financepil View Post
Hi,
Just need some advice on CFA L1.Im currentley working as an Assitant engineer for a technology firm.I have 4 years of engineering experience.During my 3rd year I started doing my part time degree.Said that Im gonna finish up my degree next month(2011/May).I have a strong feeling that Engineerig aint my cup of tea!!!
My interest have changed towards finance.So Ive taken the initial step to sit for CFA lev 1 exam coming Dec to gain some banking/finance knowledge

Just a few questions to clarify??
1) After passing Level 1 what are my chances of getting a job in finace side??
2) main reason for doing CFA is to get in to MFE programme offered by NTU.what are my chances of getting admitted in to a university MFE programme with CFA Level 1 + Parttime engineering degree ??
3) Hw long should I reserve for CFA study preparation??? (My math is really good)(Finance zero-done fair bit of accounting during high school)
4)Which area in finance should I look forward to work in??

Thanks in advace
It's good to have dreams but it's even better to wake up to reality.. Part-time education in private university + unrelated engineering work experience.. tsk, tsk.. Good luck man..
Reply With Quote
  #5 (permalink)  
Old 11-09-2011, 07:35 PM
Unregistered
Guest
 
Posts: n/a
Default

dont waste your time

stick to your engineering job

dont be another wannabe engineer trying to switch to finance

engineers usually are not good in finance

sorry - this is reality
Reply With Quote
  #6 (permalink)  
Old 04-11-2011, 11:06 AM
Verified Member
 
Join Date: Oct 2011
Posts: 12
Ryan002 is on a distinguished road
Default

Hey dude,

These other detractors can kiss your ass. Forget them. The truth is, finance just requires instinct, a head for numbers, and very often a complete lack of ethics and social skills. What you won't be used to is the politics; engineers are used to standards of excellence and productivity that bankers aren't.

Actually, carpark attendants have standards that bankers can't attain to either, character-wise, so that's not saying much.

But anyway, you've already attained much more in life than most of these morons will. So go for it. Focus on developing solutions for clients, because that's what engineers are already used to doing. And do not, EVER, give face to a banker. Remember they have less right to even exist, much less tell you what to do.

And to the bankers here, no of...oh wait, offence intended.
Reply With Quote

  #7 (permalink)  
Old 09-11-2011, 04:37 PM
Junior Member
 
Join Date: Sep 2010
Posts: 6
Z060049 is on a distinguished road
Default

Hi there
I passed CFA L2 and know a bunch of people who finished MFE in NTU.
This year only 2 grads from NTU ends up in Front office job and both were exprienced people.

To get into banking, you can utilize your engineering skills. If your job is on IT system/programming/computer infrasturcture, it will be quite easy for you to get into back office IT.

If your aim is not IT, then it's going to be really really really hard. Unless you have great network or resource, you need to get descent MBA first. MFE in NTU/CFA definitely won't help at all. Nowadays less and less people are needed in financial industry. People arlready inside the industry won't leave at time soon. There are tons of professionals waiting in the line.......
If I were you, I will probably try to goto an management role(perhaps you are a manager already) in the firm. Get a descent MBA(Insead, standford)....then you will have more choices, including becoming associate in IB.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
What is a good course for mid-life career switch kikilala Education and Personal Growth 18 16-10-2011 11:39 PM
Career switch within civil service Shizuka Arakawa Income and Jobs 0 30-01-2011 02:38 PM
Getting ahead on a mid career switch to teaching career_sg Education and Personal Growth 7 29-09-2010 10:23 AM
Take CFA for career switch? Salary.sg Education and Personal Growth 13 31-05-2010 02:26 PM
Mid-career switch to banking and finance? Salary.sg Income and Jobs 2 12-04-2010 09:25 AM

» 30 Recent Threads
Shopee fresh grad pay ( 1 2 3... Last Page)
500 Replies, 140,247 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,597 Replies, 2,021,643 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,131 Replies, 563,637 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
8,182 Replies, 2,400,076 Views
Roles in accenture singapore ( 1 2 3... Last Page)
4,753 Replies, 955,347 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,060 Replies, 2,929,763 Views
Official 2022 Retrechment thread ( 1 2 3... Last Page)
76 Replies, 7,568 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,613 Replies, 3,092,692 Views
Micron starting pay ( 1 2 3... Last Page)
429 Replies, 159,885 Views
Engineer Pay ( 1 2 3... Last Page)
453 Replies, 240,154 Views
ST Electronics ( 1 2 3... Last Page)
2,790 Replies, 844,236 Views
Career as Teacher ( 1 2 3... Last Page)
5,616 Replies, 3,494,875 Views
High Finance Thread ( 1 2 3... Last Page)
1,127 Replies, 252,910 Views
Compare civil service salary ( 1 2 3... Last Page)
14,216 Replies, 8,901,955 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
230 Replies, 251,472 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
957 Replies, 629,757 Views
Lawyer Salary ( 1 2 3... Last Page)
17,128 Replies, 6,429,077 Views
Singtel Management Associate... ( 1 2 3... Last Page)
1,133 Replies, 296,845 Views
GovTech ( 1 2 3... Last Page)
3,172 Replies, 852,877 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,300 Replies, 707,486 Views
ByteDance / TikTok ( 1 2)
17 Replies, 3,831 Views
2022 Full time/Summer internship... ( 1 2)
16 Replies, 2,290 Views
How is life as a doctor in... ( 1 2 3... Last Page)
3,969 Replies, 1,919,794 Views
Open Government Products (under...
9 Replies, 947 Views
Want to Save More Money? Our Free...
6 Replies, 8,476 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,379 Replies, 2,296,142 Views
Work culture in IHiS ( 1 2 3... Last Page)
331 Replies, 222,449 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
91 Replies, 131,041 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,155 Replies, 517,430 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
3,279 Replies, 1,496,473 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 03:31 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2