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Aspiring investment bankers ??

Page no : 3

Pucca Idiott (wannabe...) (148 Points)
Replied 08 May 2012

I am in CA final, my attempt is due in Nov, 13. I am doing my internship in a small firm and I have no knowledge about Internal Audit and audi in Ltd. Companies.  am aiming for a Rank in my CA final ,can it compensate for my lack of knowledge. Also if I get rank at final level will it help me get better packages. Please help me on it  and also let me know some other credentials required to get good jobs so I can work on it.



espionage (human being...) (769 Points)
Replied 08 May 2012

@ harsh u are in the same league as many here.. but they just do not disclose.. u did.. so u r different .. n that is gud.

bro getting a rank obviously will hel . but imho u should also get some exp. maybe why not join another firm where u can really get to know something.. 

as for other credentials u can get the coveted CFA, or the FRM ..
but try to get some expirence first bro..

*PEACE*

2 Like

Nidhiii (Audit) (642 Points)
Replied 09 May 2012

@ Espionage- WOW! This is the thread i have been looking for all these days..Investment Banking,stock markets and stuff are the ones i am really interested in..not audit and accounts!! I will PM you my doubts reg CFA and MBA :) Your posts are really really useful man..!!! Thankss :)


espionage (human being...) (769 Points)
Replied 09 May 2012

@ shreenidhi ram.. brother u are welcome to share your thoughts as well..

for CFA queries i have another thread running:-

/forum/-official-cfa-thread-for-ca-cs-students-193593.asp

*PEACE*


Sushant Lohani (CHARTERED ACCOUNTANT) (1051 Points)
Replied 09 May 2012

Go for CFA after ur Bcom/BA/BSc (3 year finishes). CFA exams are held in few Indian Cities(Court case has ended)

Get work exp. in any field (preferably 1. Rating cos  2. Cos involved in Capital Markets or 3. Finance profile in some big corp).

In the mean while, prepare for 1. CAT 2. GMAT  3. XAT...........

Get minimum 2 year experience.......Then join a elite B-school . Then no-one can't stop from being a I-banker..............

You must be aware that only 9pc of the CA freshers @ Campus got jobs this time.

First concentrate on CA finals(rank or not). First attempt should be your main goal. Studying for CFA will help you in your SFM paper).

 

I hope i have solved some of your doubts. All the best.

NOTE

1.(JP morgan had announced vacancies in mumbai/bangalore branch but the CTC was roughly around 5-6lcpa......Not some i-banker profile.....You can compromise on your initial salary; but i would advise you to join a work; where u can maintain perfect balance between studies and office work......Goal after CA should be B-school and CFA only. You can sacrifice on your initial salary).

2.  If a biggie like ITC dont fill up their vacancies during the recent campus(they didn't like the quality of freshers,maybe); it will be unrealistic to get into a i-banker profile just after clearing CA.

                     Atb

1 Like



Nidhiii (Audit) (642 Points)
Replied 09 May 2012

Originally posted by : espionage

@ shreenidhi ram.. brother u are welcome to share your thoughts as well..

for CFA queries i have another thread running:-
/forum/-official-cfa-thread-for-ca-cs-students-193593.asp

*PEACE*

Thank you so much !! P.S : I'm a girl ;)

espionage (human being...) (769 Points)
Replied 09 May 2012

@ shreenidhi oh im sorry.. my bad.. :)

*PEACE*


Nidhiii (Audit) (642 Points)
Replied 09 May 2012

Originally posted by : Sushant Lohani
Go for CFA after ur Bcom/BA/BSc (3 year finishes). CFA exams are held in few Indian Cities(Court case has ended)
Get work exp. in any field (preferably 1. Rating cos  2. Cos involved in Capital Markets or 3. Finance profile in some big corp).
In the mean while, prepare for 1. CAT 2. GMAT  3. XAT...........
Get minimum 2 year experience.......Then join a elite B-school . Then no-one can't stop from being a I-banker..............
You must be aware that only 9pc of the CA freshers @ Campus got jobs this time.
First concentrate on CA finals(rank or not). First attempt should be your main goal. Studying for CFA will help you in your SFM paper).
 
I hope i have solved some of your doubts. All the best.
NOTE
1.(JP morgan had announced vacancies in mumbai/bangalore branch but the CTC was roughly around 5-6lcpa......Not some i-banker profile.....You can compromise on your initial salary; but i would advise you to join a work; where u can maintain perfect balance between studies and office work......Goal after CA should be B-school and CFA only. You can sacrifice on your initial salary).
2.  If a biggie like ITC dont fill up their vacancies during the recent campus(they didn't like the quality of freshers,maybe); it will be unrealistic to get into a i-banker profile just after clearing CA.
                     Atb

WOW! Thank you so much for the valuable suggestion sir :)I really appreciate your views.. I am 20 and doing my second year of articles. MY CA final is due in Nov'13. I am writing my CS inter this june. I really don't want to get into audit/acc/tax line. I want to get into CFA line.. I have some doubts reg it. I will PM you sometime !!
 

Thank you,

Shreenidhi


espionage (human being...) (769 Points)
Replied 09 May 2012

@ sushant i agree buddy . an elite MBA + CFA are really needed.......

ISB should be ideal

*PEACE*

1 Like

Nidhiii (Audit) (642 Points)
Replied 09 May 2012

Originally posted by : espionage

@ shreenidhi oh im sorry.. my bad.. :)

*PEACE*


No prob ;)

How good if CFM?? will it add value to my resume??




espionage (human being...) (769 Points)
Replied 09 May 2012

@ shreenidhi i dont think CFM would be any good.. the CFA is considered the gold standard in investment management .. 
but CFM could just have a marginal advantage not a ground breaking achievement. :)
the CFM to CFA is just like a B.com to CA.

*PEACE*


Pucca Idiott (wannabe...) (148 Points)
Replied 09 May 2012

@ shreenidhi I see even yours is Nov 13 attempt for CA and simultaneosuly you are doing CS, so is CS manageable without any coaching, i mean Grp I is okay what about SEBI, GCL and ELL and also what about the internship, they don’t grant you membership certificate without that??


espionage (human being...) (769 Points)
Replied 09 May 2012

@ harsh i also have CA Final in nov'13.. almost completed wid cs (only 4 exams of final left grp 1st and 4th).

Grp 1 of executive is pretty easy ..acc, cost and tax already done in CA,, just general and commercial laws is left which is pretty managable wid aroun 4 hrs of study each day for aroun 18-20 days..

as far as grp 2 is concerned it requires some serious efforts ..around 3-4 hrs (considering u have CA articleship) for around 3 months.. company law and security law is pretty interesting but economic and labour law is pretty boooring...... this grp also helps u in CA Final..

just any any other doubts u have buddy

*PEACE*

1 Like

Pucca Idiott (wannabe...) (148 Points)
Replied 09 May 2012

Originally posted by : espionage

@ harsh i also have CA Final in nov'13.. almost completed wid cs (only 4 exams of final left grp 1st and 4th).

Grp 1 of executive is pretty easy ..acc, cost and tax already done in CA,, just general and commercial laws is left which is pretty managable wid aroun 4 hrs of study each day for aroun 18-20 days..

as far as grp 2 is concerned it requires some serious efforts ..around 3-4 hrs (considering u have CA articleship) for around 3 months.. company law and security law is pretty interesting but economic and labour law is pretty boooring...... this grp also helps u in CA Final..

just any any other doubts u have buddy

*PEACE*

I have ocean of doubts braada..its just I am trying to filter it out and ask the material ones..bt yeah if I have any other doubts I wont mind troubling you..;)



Nidhiii (Audit) (642 Points)
Replied 09 May 2012

Hey Harsh! I am writing group two this june. wrote gr1 in dec. Gr1 is easy except for GCL for which u can use good notes.. I used Sangeet Kedia books. They are very helpful :) Yeah gr2 is pretty challenging since the syllabi is new to us. I like securities law and I find it interesting. Comp law is also manageable with IPCC+Extra Hrs of study for the  topics not covered in IPCC. ELL will be a bit boring but i am concentrating  more on labour laws,FEMA,Environ,IPR etc. ..Internship..Yeah.. I will do it after some years..Not now!! but v can write CS final without it. So not a prob !! Anyway,I will be content with grad CS itself ;)

1 Like


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