Advice in getting into private banking, investments and fund management
Hi, Im an undergrad in NTU business (marketing). What can i do to better my chances to get into these sectors?
Im looking at getting a CFA level 1, another finance degree, or getting an IBF level 1 certification. |
Quote:
Nobody gives a hoot for additional certs like CFA or Finance major, it is expected for most people in the industry anyway. |
if u need to ask then u wont get in. just be humble & go take up a marketing exec job in a hopefully good co.
|
if you cant provide useful info why comment?
he was asking for advice. not cynicism. if your tired of your life..go take it out elsewhere |
Quote:
|
Don't waste your time. Take care.
Quote:
|
Just curious, if you are interested in these jobs then why didnt you major in finance?
|
Relevant Internships are the key. Offcourse internships within the Investment management industry, and the more famous the brand name the better.. but even if its a boutique shop take it. When you start applying for graduate opportunities, your resume will need to show demonstrated interest in the industry.
Also, your NTU GPA will be more important than CFA & you should look to add finance as an additional major for your degree. Or at least minor in it or take electives. In the interviews, you will be tested on your technical knowledge. |
Quote:
|
Quote:
Otherwise forget about it. |
what does being knowledgeable about stuff have to do with the work i'm doing? Do i have to lay out my sources for your approval? Tell me master.. i need your validation.
How are you even contributing to this discussion except being negative? if you cant be supportive & helpful of people, stfu! |
Quote:
Cause you are not helping by giving false information and false hope. i am not the guy that said the stuff previously but most of what you said is patently wrong. Only right thing would be GPA is key and CFA does not really matter. That's about it. Investment banks, big small or boutique, takes the cream of the crop. you do not need to be finance major, as long as your major is considered analytical and rigorous enough (i.e. some engineering, hard sciences course). The problem is an internship in IB is as difficult to get in as the main job, which means if you don't excel at the start of university you're SOL. of course if you know someone inside a bank or some rich people who can pull connection then that changes thing. |
False information? What about getting relevant internships is false info? AT NUS, I've known people getting into FO S&T roles at CS, UBS, Barclays after only doing mid-office or even non finance internships. Granted some were scholars studying rigorous courses (engg, math) ('cream of the crop' type) etc..
While I have no idea about how capable the OP is.. I'm just laying out facts as I've seen them play out. For all I know, he's got 5/5 CGPA... So.. yes, while IB internships would be great.. if your good, you still have a shot regardless. |
Quote:
Secondly if this guy at least was in some MO/BO in a bulge bracket, then can still believe some of it, but for a jobless joker who couldn't even tell the difference between E&Y outsourcing and a prestigious management consultancy and then later desperate enough to consider joining a marketing firm as a entry researcher, you gotta wonder what business he has in advising others on how to be an investment banker. Don't know never mind, but don't fake like an expert and worse still accuse others of being negative when their incorrect information is pointed out. |
I work in a different area in finance, but I have very close friends in IB.
I think that there is a lot of misconception about how to break in. The most important thing to do would be to secure the relevant internship at an investment bank during your penultimate year. If you don't get that, you have no chance, sorry. From there, you either get converted or you luck out. This explains why the interns work themselves to the bone. |
Quote:
|
Quote:
1) Excellence grades (at least FCH, but high score GPA would be perfect) if you are from local uni (ivy league different measurement standards) 2) Connections to ensure that your resume gets read, and that you are able to secure an interview. Getting that internship is just half a foot into the door. When you're doing internship, network network and more network. Excelling in your work is a GIVEN. Work performance no good, no chance. Unless of course someone loves you (hence the advice to network). But bear in mind. The first 4 - 6 years will be hell. Working at least 12 hours a day, according to overseas working hours (meaning meetings at late nights), and constant jetting. You won't get to spend the money you earn, and your health will take a plummet. Confirmed. Cause if you don't make the cut after getting in, you will face the cut. Competition is stiff. |
Thanks guys for advice
I really couldnt care less about those who hate yo, by the way its just a forum and we are all behind the screen so anyone can be anyone. Thanks for laying down the options man, now I have a clearer view. We are all here to learn more isn't it. Most forumers are here to get some advice and check the "market" and it's a fact that we all have different perspective and at different stages so lets just be kind ya :) As for now, I will work on my GPA and get finance related knowledge and get more internship experience! Thanks guys |
Quote:
As for connections, don't be too worried about this. Just do your thing and attend the networking sessions. In the end, it's more about your abilities and how you fare at the interviews. |
This thread is years old, but I thought I'd add a positive perspective for anyone else Google sends here.
If you're struggling to get a 'core' finance role, you can always go the long way round and start in a support function. Finance companies all have marketing, IT, HR departments etc. Once you're in the door, you can start working your way towards a finance role. I switched over to financial marketing in my late 20s. I could demonstrate a basic knowledge of the industry due to my academic background in economics and it was clear from my CV that I could work under the expected level of pressure. I would say a CFA (foundation or Level I) would definitely interest a potential employer if you went for something like a marketing job. It wouldn't be enough on its own, but the negativity in here is OTT. The direct route is obviously the most profitable, but if you happened not to choose to major in finance (or maths/physics/engineering) when you were a teenager, the door isn't completely shut. |
All times are GMT +8. The time now is 04:39 AM. |
Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2