career in finance: need urgent help

[bizskool]

Originally Posted by live.work.play

@rajatb/bizskool..i tried going through derivatives book by hull...but can hardly make any sense outa that....i was planning to start lukin 4 a new job by may 1st week at the latest. currently i'm done with regression and correlation on the quant side and financial statements,cost of capital and capital budgeting on the corporate finance side. and at my workplace ive developed a market model and have done a few exploratory analysis in SAS. what do u guys think i cud do in addtion to all this to myself suitable 4 applyin to good banks?????

Thanks

Hull book wont make sense until you go thru prerequisite courses of Financial mgmt and financial analysis, managerial finance, Investment banking, portfolio management and mutual/other funds. Derivatives is a final term MBA course ppl take after covering all courses mentioned above. start with Prasanna chandra/van horne on FM and then progress gradually.

SAS certification in business (module 1 in abt 3 months) folowed by SAS Financial cert (1 year+ goal) will help you in future to rise in financial analytics field.

Keep reading eco times, outlook money, WSJ and similar newspapers/magazines. keep track of finance world. scout websites of top 10 IB's and banks to get a hang of different offerings and markets they operate.

It will be a gradual buildup process. In due course finish for CFA (US) Level-2 by 2008 end or so.

[Alchemist 986]

@bizskool & rajatb
Sir, I m a BSc. (Physics, Chemistry & Mathematics) Graduate. want to do MBA after having a workex. Due to my above average quant skills i wanna make finance as my career so as a fresh graduate where can i find job especially in the field of finance, banking (Where i can use my quantitative skills)?

[rajatb]

Originally Posted by bizskool

Hull book wont make sense until you go thru prerequisite courses of Financial mgmt and financial analysis, managerial finance, Investment banking, portfolio management and mutual/other funds. Derivatives is a final term MBA course ppl take after covering all courses mentioned above. start with Prasanna chandra/van horne on FM and then progress gradually.

I disagree although derivatives is a final yr course in MBA programs you do not need to go thru all concepts related to financial analysis,manegireial finance etc to understand it.I implemented Option pricing models even before I knew the difference between a Balance sheet and a Profit and Loss account.Hull is a difficult book I agree but do not trey to finish it in one go .Go slowly and give time to your self to assimilate the concepts .
As I advised start off with only the first 7 chapters and then see if you can do more.Take ample help from the internet sites like investopedia are grt resources to brush up your concepts slowly.Even then it is not very easy and you will need at least 3-4 months before you start getting a hang of the concepts.

[ranjan_CAT]

hi guys...
I m an engineering graduate from Punjab Technical university(2006),presently working with a CMM level 5 software company in noida for last six months.I want to join finance/I Banking.As i m not from a reputed intitute what do i need to do.Is MBA the onlu way out for me.I m very much confused and frustruated with boring software job these days.Plz give me some suggestion.

[live.work.play]

Thanks bizskul and rajatb...though i do not see application of the "financial analysis" subject in derivatives that much but i feel i need some prior knowledge for the derivatives because its completely alien to me...I'm aiming to finish my CFA quant course and corporate finance course beforew i apply in the banking sector and i think i wud be able to learn derivatives and related concepts in a much better way if i move to a finance field. and also i've got a book named "heard on the wall street: quantitative question guide for finance interviews", has ne1 of u gone thru tat?is it relevent?

Btw @ bizskul i could not find the two sas certifications mentioned by you i cud see only the base,advanced sql and warehousing certifications on the site.....it wud be helpful if u cud guide me on that....

thanks

[konqueror_vivek]

Originally Posted by rajatb

I disagree although derivatives is a final yr course in MBA programs you do not need to go thru all concepts related to financial analysis,manegireial finance etc to understand it.I implemented Option pricing models even before I knew the difference between a Balance sheet and a Profit and Loss account.Hull is a difficult book I agree but do not trey to finish it in one go .Go slowly and give time to your self to assimilate the concepts .
As I advised start off with only the first 7 chapters and then see if you can do more.Take ample help from the internet sites like investopedia are grt resources to brush up your concepts slowly.Even then it is not very easy and you will need at least 3-4 months before you start getting a hang of the concepts.

I diagree Rajat, definately Hull is a good book, and you would get a good insight of derivative, option, pricing etc.
But a preson from non-finance background {also not from IITs etc], wont get an opportunity to get into Quant / CDO / Portfolio Management / Equity Research / Leverage Loan Market etc.
I guess Vault notes- I banking will be a good read, at this stage.

Also, I agree to bizskool.

[shaileshin]

Hey guys i'm a new member of pagalguy........ nd delited after joining......
can anybody tell how worth it is to enter mba in colleges like Alliance or christ through K-mat ?? bangalore guys please help..

[tejas_engr]

Hi,

I am doing my MBA from BVIMSR college (MMS actually as it is affliated with Mumbai Univ).

I am a BE in IT and no work-ex.

I was intrested in doing Systems, but now confused in systems and finance.

If anyone has done an MBA in finance with BE as background from Mumbai univ, can please shed some light as to what r the future prospects and other details.

[Isildur]

hello puys,

i have an offer to work with CRISIL GAC( Global Analytics Centre) which is a captive KPO for S&P...the work involves use of SPSS and is mainly abt providing support to Standard And Poor analysts globally...i do not know much abt the profile...kindly provide 1)some info abt what analytics work involves and how is CRISIL GAC percieved in the market and 2)whether doing secondary research abt foreign companies by following western regulations and working on western financial instruments and practices which may be introduced in india in future is a plus on the cv for future domestic job and further education prospects ...thanks in advance

[man_11]

Originally Posted by tejas_engr

Hi,

I am doing my MBA from BVIMSR college (MMS actually as it is affliated with Mumbai Univ).

I am a BE in IT and no work-ex.

I was intrested in doing Systems, but now confused in systems and finance.

If anyone has done an MBA in finance with BE as background from Mumbai univ, can please shed some light as to what r the future prospects and other details.

Hey ...Could anyone please address to this query ...I believe many of us have this confusion .