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11-07-2017 11:14 AM
Unregistered
Clear your gmat and take an MBA from a prestige school

Financial wise there tones of loans available in the state. Don't short change yourself. If you know what you want, never give up. There will be many voices saying to be realistic, what we have today is not imaginable by the peeps in the past. Those who said be realistic are those perhaps that have given up their hope, dream and goal. Just focus. Get it done. Those who comment, will there be by your side when you fail or succeed? Do you want to die in regrets? Things have change so much as compared to the past.
20-06-2012 11:04 PM
Unregistered
Well Intended

Quote:
Originally Posted by danieldaniel View Post
Hi guys. I am an eng-trained professional who wants to join asset management companies. I graduated with B.Eng 2nd lower from NUS 2010 and have been working for two years. Firstly as an engineer, then as a financial advisor for 7 months. I have following doubts and hope to get some advice from you all here.. thanks thanks :P

- With my current qualification & experience, am I able to get into AM companies like blackrock, miton, etc. If yes, what kinda role? opt?

- If I must go for further study, which one is more relevant and valued: MFE?, MBA? or CFA?

- If I were to take CFA cert, working experience in financial lines s required, does my 7-month financial advisor exp count? must it be at least more than 2 years?

thanks again. feeling really miserable now.. if I received good career advice 5 years ago, things would be totally different.. haiz..
1. With your credentials, you have zero chance of joining AM as an analyst/fund manager. Zero chance of getting into sales & trading/investment research in local banks. Most likely you will not even be able to get a backoffice ops role in major names like blackrock unless you're willing to try for smaller companies.

2. CFA takes 3 years to pass, assuming you pass each level at first attempt. I'm 99% sure you will take longer than 3 years. Im not looking down on you, but just trying to give you a realistic picture of the different options you're looking at and the difficulty level. If you can take 3 yrs to complete CFA, you would not have grad with a 2nd lower hons. Given that you will take a few years to complete CFA, your best bet is to do a "Good" MBA/MFE first and apply to become a research analyst in the smallest firms in Singapore. (I'm serious) Most people outside of this industry don't realise that there are many research analysts who grad from Ivy league unis, completed CFA etc working in small/local firms. It's very very very competitive. Ok but if you are contented to work in a big, branded company's backoffice, then a good MBA/MFE should suffice in getting you into the company.

3. Most people don't start in AM with no experience. You need to work at the "Sell Side" as a research analyst first. i.e. brokerages, investment banks, research firms etc. After 3-5 yrs, then maybe you can get a research role in AM. After some years, then you can become a fund manager. There are different kinds of fund managers, quantitative, macro, equities focused etc. A good MBA, MFE or CFA all can give you a chance to start off as a research analyst if you're good enough to snag the job. Some fund managers don't have any of these qualifications, but they are very talented proprietary traders. (i.e. you don't need academic certs to succeed if you're smart and can make money out of money)

4. Yes, your 7 mths experience as financial advisor is counted as relevant CFA experience. You need to accumulate 4 years of investment decision making exp on top of passing the 3 levels exams to become a CFA charterholder. (You mean you haven't check out the CFA website??) I hope i've given you a good introduction to AM..
20-06-2012 08:10 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Well, here is one burn-out sell-side analyst stucked at work, looking forward to moving to buy-side one day or at least pray for the good times to come back so that I can retire early.
I'm sure you can already retire if you're not too greedy.
20-06-2012 08:04 PM
Unregistered Well, here is one burn-out sell-side analyst stucked at work, looking forward to moving to buy-side one day or at least pray for the good times to come back so that I can retire early.


Quote:
Originally Posted by Unregistered View Post
I'm a retired senior fund manager, previously from one of the global fund management houses. The buyside is currently quite tight, with few people leaving. Hence few opportunities. It will be quite difficult for you to get into a global fund management house, even in a gopher-type position, without going to a top university. There are a lot of burnt out but experienced sell-side salesmen and analysts trying to get into the buyside and being just a financial advisor will not put you in good stead.

Since you are young, I would suggest that you try:

1. Local banks fund management operations like Lion Global, DBSAM or UOBAM. They do recruit local graduates and after a 5-year or so stint there as an analyst, you may be offered a portfolio management position, and in time be able to move to a global buyside house.
2. Work for one of the many hedge funds or family office funds
3. Get a job as a sellside analyst or salesman. Work 18 hr days until you are well-known within the industry. Then, move over to the buyside.
20-06-2012 04:35 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Since you are young, I would suggest that you try:

1. Local banks fund management operations like Lion Global, DBSAM or UOBAM. They do recruit local graduates and after a 5-year or so stint there as an analyst, you may be offered a portfolio management position, and in time be able to move to a global buyside house.
2. Work for one of the many hedge funds or family office funds
3. Get a job as a sellside analyst or salesman. Work 18 hr days until you are well-known within the industry. Then, move over to the buyside.
Agree with you, but people who post here want go into investments because of unhappy in their current job, cannot take long hours, think they are too low paid and want to make big bucks fast, want the social prestige as a “banker” or “fund manager” in a global institution.

Your recommendations will not appeal to any of these disgruntled people.

As for why all these average or below average performers think they are qualified to join organizations that only recruit top 0.5% talents is one of the unsolved mysteries of the universe.
20-06-2012 03:57 PM
Unregistered I'm a retired senior fund manager, previously from one of the global fund management houses. The buyside is currently quite tight, with few people leaving. Hence few opportunities. It will be quite difficult for you to get into a global fund management house, even in a gopher-type position, without going to a top university. There are a lot of burnt out but experienced sell-side salesmen and analysts trying to get into the buyside and being just a financial advisor will not put you in good stead.

Since you are young, I would suggest that you try:

1. Local banks fund management operations like Lion Global, DBSAM or UOBAM. They do recruit local graduates and after a 5-year or so stint there as an analyst, you may be offered a portfolio management position, and in time be able to move to a global buyside house.
2. Work for one of the many hedge funds or family office funds
3. Get a job as a sellside analyst or salesman. Work 18 hr days until you are well-known within the industry. Then, move over to the buyside.
20-06-2012 09:25 AM
QXP
Quote:
Originally Posted by danieldaniel View Post
Hi guys. I am an eng-trained professional who wants to join asset management companies. I graduated with B.Eng 2nd lower from NUS 2010 and have been working for two years. Firstly as an engineer, then as a financial advisor for 7 months. I have following doubts and hope to get some advice from you all here.. thanks thanks :P

- With my current qualification & experience, am I able to get into AM companies like blackrock, miton, etc. If yes, what kinda role? opt?

- If I must go for further study, which one is more relevant and valued: MFE?, MBA? or CFA?

- If I were to take CFA cert, working experience in financial lines s required, does my 7-month financial advisor exp count? must it be at least more than 2 years?

thanks again. feeling really miserable now.. if I received good career advice 5 years ago, things would be totally different.. haiz..
Generally the answer is No. Your chances of getting into a top AM firm like Blackrock on the fund management level is close to NIL.

Short of somebody well known in the industry vouching for you, your academic qualifications, short stint as a retail salesperson (I'm assuming that's what you meant by financial advisor) places you at the bottom of a long queue of candidates.

A CFA is Finance101 and will not help you much, the only other alternative is to go for a Masters from a prestigious university, but the costs are famously prohibitive and most have stringent professional experience pre-requisite.

I suggest you lower your expectations and set realistic career goals if you are still interested in this industry.
20-06-2012 01:19 AM
Unregistered
Quote:
Originally Posted by danieldaniel View Post
Hi guys. I am an eng-trained professional who wants to join asset management companies. I graduated with B.Eng 2nd lower from NUS 2010 and have been working for two years. Firstly as an engineer, then as a financial advisor for 7 months. I have following doubts and hope to get some advice from you all here.. thanks thanks :P

- With my current qualification & experience, am I able to get into AM companies like blackrock, miton, etc. If yes, what kinda role? opt?

- If I must go for further study, which one is more relevant and valued: MFE?, MBA? or CFA?

- If I were to take CFA cert, working experience in financial lines s required, does my 7-month financial advisor exp count? must it be at least more than 2 years?

thanks again. feeling really miserable now.. if I received good career advice 5 years ago, things would be totally different.. haiz..
why an AM firm in particular? it is quite different from being a FA.

you can probably get an ops role with your current status at a bank. if you want the big bucks FO portfolio manager role, you would probably need to get a reputable MBA and CFA title to even stand a slight chance.
19-06-2012 09:17 PM
Unregistered
Quote:
Originally Posted by danieldaniel View Post
Hi guys. I am an eng-trained professional who wants to join asset management companies. I graduated with B.Eng 2nd lower from NUS 2010 and have been working for two years. Firstly as an engineer, then as a financial advisor for 7 months. I have following doubts and hope to get some advice from you all here.. thanks thanks :P

- With my current qualification & experience, am I able to get into AM companies like blackrock, miton, etc. If yes, what kinda role? opt?

- If I must go for further study, which one is more relevant and valued: MFE?, MBA? or CFA?

- If I were to take CFA cert, working experience in financial lines s required, does my 7-month financial advisor exp count? must it be at least more than 2 years?

thanks again. feeling really miserable now.. if I received good career advice 5 years ago, things would be totally different.. haiz..
Become a CFA Charterholder

If u haven't read this, its good to re-consider your career options in asset management. To earn your CFA charter, you must have at least 4yrs of qualified investment work experience. Where did u get the 2yrs from?

Can share why you aren't satisfied with your current FA job?

If you are looking at buy-side analyst, it's very tough to get in. For a newbie, not only do you need a good hons degree, you must also demonstrate your passion in research/analysis, do you do your own research and analysis on equities etc in professionally written report? Without relevant experience, you can attach these reports (including your thought processes etc) in your application to have a higher chance of interview. Do more research on this, CVs of analysts/portfolio managers etc are available on public domain for a reference. =)
19-06-2012 08:48 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Only 80k to get a masters? It should be at least 200k and not counting the loss of income.
The Berkeley FE masters is a 1yr program, costs usd60k excluding living expenses.
Yes there is opportunity cost which is loss of income during study period.
To put things in perspective, usd is the cheapest against sgd, so a good deal. The costs in singapore context is the price of Coe.
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