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Thread: Various career options in Finance

  1. #11
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    Re: Should I specialize in Finance?

    Hi Lalit,

    Despite having done a Masters in Economics and Finance, the CFA charter has significantly added to my financial knowledge and immensely improved my job prospects. So, you should definately go for CFA.

    Amitau Sinha

  2. #12
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    CRISIL Certified Analyst Programme

    Hi frenzs,

    Can i get some information regarding the CRISIL Certified Analyst Programme & is it worth doing....??

    Pl reply asap.

    Sonali Gucchait

  3. #13
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    Re: CRISIL Certified Analyst Programme

    Hi Sonali,

    CCAP is a two-year intensive entry level programme. It combines coursework, job assignments and interactive seminars that equip the learner with exceptional financial and business skills. The programme is aimed at developing world-class financial professionals for Analyst positions in CRISIL.

    On successful completion of the programme, you will be absorbed within CRISIL. You can definitely look for job opportunities elsewhere as well. CRISIL does not charge any course fees for the programme. The only expense for the intern would be his/her living expenses, travel & accommodation expenses.


    Akash

  4. #14
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    Career in quantitative finance

    ON BECOMING A QUANT

    1. What does a quant do?
    A quant designs and implements mathematical models for the pricing
    of derivatives, assessment of risk, or predicting market movements.
    2. What sorts of quant are there?
    (1) Front office/desk quant
    (2) Model vali****** quant
    (3) Research quant
    (4) Quant developer
    (5) Statistical arbitrage quant
    (6) Capital quant
    A desk quant implements pricing models directly used by traders.
    Main plusses close to the money and opportunities to move into trading.
    Minuses can be stressful and depending on the outt may not involve
    much research.
    A model validation quant independently implements pricing models
    in order to check that front office models are correct. Plusses more
    relaxed, less stressful. Minusses model validation teams can be unin-
    spired and far from the money.
    Research quant tries to invent new pricing approaches and sometimes
    carries out blue-sky research. Plusses it's interesting and you learn a
    lot more. Minusses sometimes hard to justify your existence.
    Quant developer { a gloried programmer but well-paid and easier
    to nd a job. This sort of job can vary a lot. It could be coding scripts
    quickly all the time, or working on a large system debugging someone
    else's code.
    Statistical arbitrage quant, works on nding patterns in data to sug-
    gest automated trades. The techniques are quite dierent from
    derivatives pricing. This sort of job is most commonly found in hedge
    funds. The return on this type of position is highly volatile!
    A capital quant works on modelling the bank's credit exposures and
    capital requirements. This is less ***y than derivatives pricing but is
    becoming more and more important with the advent of the Basel II
    banking accord. You can expect decent (but not great) pay, less stress
    and more sensible hours. There is currently a drive to mathematically
    model the chance of operational losses through fraud etc, with mixed
    degrees of success.
    People do banking for the money, and you tend to get paid more the
    closer you are to where the money is being made. This translates into
    a sort of snobbery where those close to the money look down on those
    who aren't. As a general rule, moving away from the money is easy,
    moving towards it is hard.

    Study
    What should one learn? There is by now a huge number of books
    available. Standard books are
    Hull - Options future and other derivatives { this is sometimes
    called the \bible book." Main downside is that it is oriented
    towards MBAs rather than quantitative PhDs.
    Baxter and Rennie { accessible introduction to martingale ap-
    proach but oriented towards theory rather than practicalitues
    Wilmott (Derivatives) { good on the PDE approach but not so
    good on other approaches.
    books by mark joshi:
    1 The concepts and practice of mathematical nance, CUP 2003,
    my objective here was to cover what a good quant ought to
    know. It includes programming projects that I strongly advise
    you to do before applying for jobs.
    2 C++ design patterns and derivatives, CUP 2004, this is a sec-
    ond book on C++, the objective was to teach the reader how
    to use the language properly.
    3 Quant job interview questions and answers.

    Stochastic calculus is useful, but not as important as it at first ap-
    pears. It is hard to nd the time to pick it up on the job so it's worth
    learning in advance. It's also worth spending some time going over ba-
    sic probability theory { eg Chung's books. Some books on stochastic
    calculus and martingales which I like are
    Williams, Probability with martingales, a remarkably easy to
    read rigorous account of discrete time martingale theory. (You
    need to know the discrete time stu to learn the continuous
    case.)
    Rogers and Williams, particularly Volume 1.
    For more information log on to http://www.markjoshi.com

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    Re: Various career options in Finance

    Hi..Friends,

    I am nw TYBBA,given NCFM 3 modules Beginer in FM,Derivative,Capital market..and enrolled for CFA level 1 on Dec 2010..will be completing CFA L1 and BBA by March 2011..what kind of job I can expect range of salary per month.Thanks

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    Re: Various career options in Finance

    Quote Originally Posted by souv1
    Hi..Friends,

    I am nw TYBBA,given NCFM 3 modules Beginer in FM,Derivative,Capital market..and enrolled for CFA level 1 on Dec 2010..will be completing CFA L1 and BBA by March 2011..what kind of job I can expect range of salary per month.Thanks


    CFA Level 1 will definitely improve your profile. Your salary depends on the kind of role you get and also the size of the company. Some big firms may pay higher salaries than smaller firms even if you are doing the same job.

    What kind of companies recruit from your college? What are you expecting from the BBA degree?

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    Re: Various career options in Finance

    Hi Neetu,

    Thanks for your reply..For MBA students many companies come like L&T Infotech,ITC,Birla Sun life..but for BBA syntel n Eclerx hire and others financial firm gv Marketing + Finance Job..bcoz..the student only concentrate in BBA course no other extra course.

    I am expecting around 20k p.m,I am willing to apply companies like Evalue serve,copal partners,Nomura,Anand Rathi,CNBC TV 18..and more..

    what u say ???

  8. #18
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    Re: Various career options in Finance

    Evalueserve, Nomura etc should be paying more than 20K. They will value the CFA Level 1 and atleast that'll help in getting an interview call.

    You can check some openings at Nomura:
    http://www.naukri.com/nomura/

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    Re: Various career options in Finance

    Hi Neetu,
    Thanks for your help regarding Placement options and for coaching classes..
    I had a talk with Procore and Corporate Bridge.If u knw about this plz let me know.

  10. #20
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    Re: Various career options in Finance

    I have heard about Procore and they seem to have decent faculty. Not sure about the other one.

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