Portfolio management ?

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This query is : Resolved

Prudvi Raj Saya (Querist)

18 May 2011 Ok. I've given my first final attempt now in may. Confident that i will pass.
2 mnths till the results are announced.
Want to/ interested in entering portfolio management field (esp technical analysis stuff etc)
What are the skills I need to have?
Need at least the average salary of a fresh CA who passed out in first attempt( around Rs 10 lakhs package)
What should be my present task plans?
And who are my prospective employers?

Sanjeev Sandh

Sanjeev Sandh (Expert)

22 May 2011 Portfolio Management is not and cannot be done only with Technical Analysis.

There is no 'recognised' course for Technical Analysis, on the basis of which you could get an 'entry employment' as a Technical Analyst.

As a Technical Analyst, you will have to 'unlearn' all that you have learnt in CA. You will have to put away your CA knowledge and experience in 'another compartment' of your mind, and use purely Technical Analysis tools.

The best thing for you would be to do a full time MBA from a premier institute and get placed from campus as an Equity Analyst. Recruiters of Equity Analysts will ignore you if you talk to them only about Technical Analysis.

Once you are into this field of Equity Analysis, then you may demonstrate your 'home learned' knowledge of Technical Analysis too. But, the mainstay of Portfolio Management is not technical Analysis.

To learn Technical Analysis, for starters, read W D GANN, old newsletters of G R MANSUKHANI, ROBERT D EDWARD & JOHN MAGEE, JOHN MURPHY, ELLIOT WAVE THEORY.

The Mutual Fund industry is the main employer. There is no market for independent equity analysis firms or consultancies.

If you have a premier MBA, then your start salary in Equity Analysis will be definitely more than 10L.

Prudvi Raj Saya

Prudvi Raj Saya (Querist)

22 May 2011 Sir
Thanks for the rely. helpful.
I've decided to wait for the results and if & when I pass, I'll get a job preferably in the field of investment managements..
I'll take it from there and do the now famous Chartered Market Technician course (CMT) of US and later on, if feasible, start trading full time which is my long term goal..
good enough?