Engineers - considering CFA or Financial Engineering? - 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




Engineers - considering CFA or Financial Engineering?

Reply
 
Thread Tools
  #1 (permalink)  
Old 10-05-2007, 08:20 PM
Salary.sg
Guest
 
Posts: n/a
Default Engineers - considering CFA or Financial Engineering?

I know of many engineers who regretted not getting the right career advice when they were in school. (What's "right" is subjective, of course.)

Envious of the high income that an investment banker can fetch, some of these engineers decided to take up courses or certifications that hopefully will give them a chance to enter the lucrative finance sector.

Their options include:

- Getting CFA charter. This can be done through self study, but it takes a fair bit of effort. The catch is that in order to get the charter title, you gotta accumulate a few years of relevant experience. There are people who deliberately became financial consultants (i.e. insurance agents) just to earn the CFA title. The interesting point here is that even working as a financial adviser/consultant counts as relevant.
- Getting a financial engineering degree from NUS or NTU. You need to pay school fees, attend classes, do projects, homework, etc. It can be quite challenging.

BUT, does it help to do all this?

If you're studying just to gain worldly knowledge of finance, then you're fine. I salute you.

But more likely, you're in this game because you want to get a job that pays well, at least reasonably better than your miserable engineer pay. If that's what you want, then chances are you will be disappointed.

Don't believe me? The next time you attend a preview session for such a course, ask questions.

Ask important questions, like "will I get a good job that pays well after I graduate?", "can you show me statistics on the before-and-after salaries of your graduates?" and "how many of your graduates have gone on to be associates with a bulge bracket investment bank?"

You'd be lucky if the presenter advises you not to expect too much. He could've said, "you might need to take a pay cut..."

http://www.salary.sg/2007/engineers-...l-engineering/

Reply With Quote
  #2 (permalink)  
Old 11-02-2008, 12:00 AM
Collin---
Guest
 
Posts: n/a
Default 836

Hi,

Is a person without any working experience and degree able to take the CFA Level 1 exams?

Thanks.

Reply With Quote
  #3 (permalink)  
Old 11-02-2008, 07:52 PM
admin---
Guest
 
Posts: n/a
Default 838

Collin, yes. In fact, you can take all 3 levels but will only receive the charter status after you have accumulated the relevant experience.

Reply With Quote
  #4 (permalink)  
Old 11-02-2008, 09:47 PM
Collin---
Guest
 
Posts: n/a
Default 840

Oh, I thought that degree or relevant working experience is needed in order to ENROLL for the exams?
Reply With Quote
  #5 (permalink)  
Old 12-02-2008, 12:23 AM
admin---
Guest
 
Posts: n/a
Default 841

Collin, I interpreted your question as "whether both working experience AND degree are needed". Yes, a degree is needed.
Seems there's also a requirement on "professional conduct". See:
http://www.cfainstitute.org/cfaprog/getstarted/requirements/index.html
Reply With Quote
  #6 (permalink)  
Old 01-04-2008, 03:25 AM
govind---
Guest
 
Posts: n/a
Default 1253

Hello,
Thanks for the above information.
I am engineer with work experience of 2.5+ yrs into IT industry.Currently i am working into IT department as software programmer into USA based Financial company.Should i take CFA, if yes then what would be carrer path ahead and starting Salary package.
Thanks in advance.
Reply With Quote

  #7 (permalink)  
Old 27-04-2008, 12:25 AM
Tequila---
Guest
 
Posts: n/a
Default 1521

Dear all, the world is populated with CFAs and MBAs... getting the right network and staying lucky is so much more important
Reply With Quote
  #8 (permalink)  
Old 27-06-2008, 06:20 AM
Jack---
Guest
 
Posts: n/a
Default 2049

Engineers make more on average than finance majors tho. An engineer just have to be good at what he/she does, a CFA has to be lucky as well(and trust me, a credit crunch is not lucky time). Citi just cut 10% of their investment banking department(and need I say more about bearstern?), so right now u have a crap load of experienced finance ppl out there looking for a job, just be happy as an engineer lol. Plus an investment banker works 80 hr weeks(so in term of hrly wages it isn't anymore than a senior engineer). A lot of companies right now are saying they can't find enough engineers even though the economy isn't so hot right now.

Btw, I thought u need either a degree or some experience to be able to qualify for CFA exam? Cos that's what it says on their website.
Reply With Quote
  #9 (permalink)  
Old 28-06-2008, 12:59 PM
Collin---
Guest
 
Posts: n/a
Default 2061

Jack,

Just to clarify doubts on CFA exams.

One would only need to produce his Degree or 4 years qualified working experience for Level 2 paper. So for Level 1, any dog cat also can go take.
Reply With Quote
  #10 (permalink)  
Old 13-07-2008, 11:48 PM
GRanjan---
Guest
 
Posts: n/a
Default 2174

I am an engineer havign trained in One Year General Managament Programme from a reputed management Institute. I have about 15-16 yrs workign experience in Manufactuing ,Project Engineering & Planning and at presently looking after the Busines Planning job in a SBU.Presently I am workign as a middle level manager and want to develop myself for taking up senerior busines leadership position in Corporate Strategy .Please give your view whether CFA will be helpful for me .
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


» 30 Recent Threads
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,162 Replies, 3,152,655 Views
How is life as a doctor in... ( 1 2 3... Last Page)
4,284 Replies, 2,115,705 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
9,196 Replies, 2,892,303 Views
High Finance Thread ( 1 2 3... Last Page)
1,390 Replies, 331,861 Views
Career as Teacher ( 1 2 3... Last Page)
6,229 Replies, 3,944,359 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
344 Replies, 110,878 Views
Job Application with MOE... ( 1 2 3... Last Page)
397 Replies, 433,193 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
967 Replies, 659,698 Views
20% salary bump? ( 1 2 3)
20 Replies, 5,360 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
563 Replies, 234,043 Views
Compare civil service salary ( 1 2 3... Last Page)
14,847 Replies, 9,617,673 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,504 Replies, 726,827 Views
ST Electronics ( 1 2 3... Last Page)
3,145 Replies, 957,216 Views
Credit Suisse ( 1 2)
15 Replies, 5,767 Views
Engineer Pay ( 1 2 3... Last Page)
525 Replies, 285,505 Views
Enterprise Singapore hiriing... ( 1 2 3... Last Page)
148 Replies, 143,567 Views
NUS (National University of... ( 1 2 3... Last Page)
249 Replies, 187,075 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,476 Replies, 2,535,116 Views
Lawyer Salary ( 1 2 3... Last Page)
18,048 Replies, 7,137,661 Views
Electrical Engineering Jobs in...
2 Replies, 374 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,686 Replies, 3,317,266 Views
Management Consultant MBB Big4 etc... ( 1 2 3... Last Page)
227 Replies, 106,599 Views
Micron starting pay ( 1 2 3... Last Page)
563 Replies, 215,862 Views
For those with 2-5 YOE, what is... ( 1 2 3... Last Page)
1,044 Replies, 254,017 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
730 Replies, 205,965 Views
IMDA (under MCI) ( 1 2 3... Last Page)
354 Replies, 181,747 Views
Roles in accenture singapore ( 1 2 3... Last Page)
5,398 Replies, 1,171,303 Views
RM Salaries and Commissions
0 Replies, 121 Views
What are some good non-fang tech... ( 1 2 3... Last Page)
71 Replies, 18,882 Views
Be a commodities trader ( 1 2 3... Last Page)
223 Replies, 216,518 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:33 AM.


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