great post for people who want to do something differently.
well even i am one of those. After whatever experience I've got, international CFA is best course to get into IB. one should aim for that especially because you'll find subjects somewhat similar to what you would be stduying in the finals.
great post for people who want to do something differently.
well even i am one of those. After whatever experience I've got, international CFA is best course to get into IB. one should aim for that especially because you'll find subjects somewhat similar to what you would be stduying in the finals.
| Originally posted by : espionage | ||
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when I saw Wall Street. A wild film on an ambitious young trader in the eighties in New York. Boy, I loved that movie. 'Greed is good' is what Michael Douglas inculcated in me. |
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YA!!!! GordonGEkko AKA M.Douglas had me jumping inmy seat when he calls Sheen somewhere around 2 at night n says wake up buddy... just made couple Thousand dollars by selling gold in japanese market !!! i Thought WTH Greed when everyone's sleeping he's minting money just by using his brain to figure out where a market other than USA can offer arbitrage ...This movies made me a fan of M.Douglas But More importantly ...that of Stock market and its diverse products as a whole..
cause quite frankly in this market, KNOWLEDGE(which only few have) IS POWER ...AND MONEY.
guyz..watz d scope f CAs in equity research?
https://www.careers-in-finance.com/ibsal.htm
Going into 2011, starting salaries for investment banking positions with a bachelors degree (assistant or junior analyst position) should range from $100,000 to $130,000 after bonus. Starting salaries with an MBA degree (associate position) range after bonus from $90,000 to $180,000. These salaries vary with firms and with the region of the country you are in. Bonuses typically would be 10-50% of salary to start and can move to one to three times salary later. Lately, salaries have increasingly included an equity component which may not be liquid for up to three years, although as an analyst you would typically be sheltered from this. This is good for the banks because it makes it much harder for people to move around.
As we write this in December 2010, banking salaries and bonuses are on the rise as several large banks are reporting record profits. The public perception that high banker salaries may have worsened the financial crisis of 2008/9 is not forgotten, but with high profits many investment banks will be forced to pay good bonus compensation to retain talent, despite the PR risk of doing so.
Generic salary advice: Some firms tend to pay less than others because they can get away with it. You might actually be better off taking less. Obviously don't give yourself away but at the entry level, the quality of experience you get and the strength of the people you will work with are far more important than how much you get paid. You are trying to maximize the present value of your future earnings and enjoyment. This may involve taking lower pay now. Or, if you're lucky, it might not.
Salaries are Bounding Back. All-in compensation took a substantial hit in 2008 with many firms paying low to zero bonuses (the dreaded "goose egg"). Starting offers in 2010 and many year end bonus numbers for 2009 were up substantially, although typically down from their peak in 2007 (overall, down 10 to 30% from peak, depending on the firm and position). Bonuses being paid at the beginning of 2011 likewise look to be up, but in general still not quite at their pre-recession peak. Bulge firm salaries typically run 20% to 40% over boutiques and regional firms (although there are prominent exceptions to the rule). Forecast salary ranges in the 2010 to 2012 period are as follows:
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Salaries in Investment Banking (with bonus) |
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| Job Level | Salary Range | Typical All-in Comp |
Prerequisite (degree/yrs experience) |
| First Year Analyst | $90K - 150K | $125K | Bachelor's |
| Third Year Analyst | $120K - 350K | $165K | Bachelor's |
| First Year Associate | $150K - 250K | $180K | MBA |
| Third Year Associate | $300 - 500K | $350K | MBA |
| Vice President | $350K - 1MM | $700K | 3-6 years |
| Director / Principal | $400K - 1.5MM | $900K | 5-10 years |
| Managing Director / Partner | $500K - 20 MM | $1.5 MM | 7-10 years |
| Department head | $800K - 70MM | $3.5MM | 10+ years |
Note: This table is based upon conversations with banking insiders about yearly bonuses expected to be paid between December 2010 and February 2011. MM denotes millions. K denotes thousands of US dollars.
Examples of Specific Salaries in 2008/2009
We are hearing a lot more diversity in compensation levels than usual. This is less true at the analyst level where firms try to harmonize compensation with "The Street". Firms will raise starting offers, more or less, in lock step at this level. However, the situation differs at more senior levels - even mid Associate.
A related salary trend involves compensation across areas. Obviously, with the new financial reforms, certain areas like prop trading, institutional equity sales and securitization are under pressure. In contrast, other banking areas like restructuring, health care M&A/financing and debt capital markets are in growth mode and there is substantial upward pressure on salaries amidst renewed hiring.
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hI, GUYS,
im also interested in Investment Banking or other hardcore financial sector.
Im CWA &in CA(Final) & CS (Final).
Problem is that i m doing job in manufacturing sector & want to shift to service sector.
but all they required experience or MBA(F). I M CONFUSED WHAT TO DO?
when i joined PCC way back in 2007 i read in rpospectus that a Member of institute cant pursue cousrse by CFA! . then a year back i hear CA can do it after a court judgement granted... what is the exact position can you tell??
m also interested...i don like audit at all
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange.[1]
Private equity investments are primarily made by private equity firms, venture capital firms, or angel investors, each with their own set of goals, preferences, and investment strategies, yet each providing working capital to a target company to nurture expansion, new product development, or restructuring of the company’s operations, management, or ownership.[2] Among the most common investment strategies in private equity are: leveraged buyouts, venture capital, growth capital, distressed investments and mezzanine capital. In a typical leveraged buyout transaction, a private equity firm buys majority control of an existing or mature firm. This is distinct from a venture capital or growth capital investment, in which the investors (typically venture capital firms or angel investors) invest in young or emerging companies, and rarely obtain majority control.
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CAclubindia
