Puys!

I have been doing some research but didn't get the desired results. I want to know about the job prospects right after clearing CFA? Right now I am an engineer and working in mining industry. I want to move to finance domain.

Do I stand any chance in moving to finance sector after I clear level 1? After level 2? what after level 3? What job profiles I may get after clearing each of these levels?

Any ideas?

paramgenius Says

No Dear 36 more seats should be vacant till then

PRAY!

I was trying to have a rough idea about Simple Interest to be paid per month during the course if one plans to take a loan of 11.55 Lacs from SB Indore.

4.55L: Tuition
0.85L: Hostel and Mess
0.45L: Laptop
0.15L: Caution Deposit
0.15L: SBI Life Insurance

Likely schedule for payments:
Jul 2010: 2L+0.15L+0.45L = 2.6L
Sep 2010: 1.85L..Cumulative 4.45L
Jan 2010: 1.75L..Cumulative 6.2L
Jun 2011: 1.8L..Cumulative 8.0L
Sep 2011: 1.8L..Cumulative 9.8L
Jan 2012: 1.8L..Cumulative 11.6L

Simple Interest payable at 8.75% (9.75-1) per month:
Aug 2010: (2.6L*8.75)/(100*12) ~ 2000/-
Sep 2010: (2.6L*8.75)/(100*12) ~ 2000/-
Oct 2010: (4.45L*8.75)/(100*12) ~ 3300/-
Nov 2010: (4.45L*8.75)/(100*12) ~ 3300/-
Dec 2010: (4.45L*8.75)/(100*12) ~ 3300/-
Jan 2011: (4.45L*8.75)/(100*12) ~ 3300/-
Feb 2011: (6.2L*8.75)/(100*12) ~ 4600/-
Mar 2011: (6.2L*8.75)/(100*12) ~ 4600/-
Apr 2011: (6.2L*8.75)/(100*12) ~ 4600/-
May 2011: (6.2L*8.75)/(100*12) ~ 4600/-
Jun 2011: (6.2L*8.75)/(100*12) ~ 4600/-
Jul 2011: (8.0L*8.75)/(100*12) ~ 6000/-
Aug 2011: (8.0L*8.75)/(100*12) ~ 6000/-
Sep 2011: (8.0L*8.75)/(100*12) ~ 6000/-
Oct 2011: (9.8L*8.75)/(100*12) ~ 7200/-
Nov 2011: (9.8L*8.75)/(100*12) ~ 7200/-
Dec 2011: (9.8L*8.75)/(100*12) ~ 7200/-
Jan 2012: (9.8L*8.75)/(100*12) ~ 7200/-
Feb 2012: (11.6L*8.75)/(100*12) ~ 8500/-
Mar 2012: (11.6L*8.75)/(100*12) ~ 8500/-
Apr 2012: (11.6L*8.75)/(100*12) ~ 8500/-
May 2012: (11.6L*8.75)/(100*12) ~ 8500/-

Total Interest to be Paid till May 2012 ~ 120000/-
In this case, the loan amount will continue to be nearly 11.6 L at the end of May 2012 and thereafter interest will be compounded anually at the rate of 8.75%..Assuming that one starts paying from Sep 2012..
Loan amount would have grown to nearly 12.1L.

Converting into EMIs for 7 years: 19500 per month ie. total 16.4L(17.6L after adding SI paid during the course)

Converting into EMIs for 5 years: 25000 per month ie. total 15L(16.2L after adding SI paid during the course)

I don't think anthing about foreclosure is mentioned in the mail..I believe they won't charge extra for it..

Heres a file from a post in IIML final call getters thread. you can vary loan amount, interest rate and period and calculate the EMI. the person that posted the file on the thread had some friend working in some state bank.

last year calls were offered on 29th June, so keep hope.
This year may be it will be offered till 5th July!
I really hope Rohit goes through! my wl no. is 90 :)

And I really hope you (sp09) clear waitlist along with 5 others. Mine is waitlist 96.
Though 1 seat should be vacant till then.

So long!

I have been waitlisted at 96 (GEN). Have posted the link to spreadsheet of IIM I WL tracker on IIM I final call getters thread. Where else to post this link?

Ideas??

Puys!

Please update the below mentioned spreadsheet. This will be of great help to us wait listers who are yet to see the dawn of any IIM on their head. :banghead:.

The spreadsheet is to track IIM I waitlisters. Separate sheet for OBC and withdrawal can be found.

http://spreadsheets.google.com/ccc?key=0Ar1KnNdrHut8dHduVFREUWY0cW5XYzJlRkw5Tjh3VlE&hl;=en#gid=0

Guess went too far with the metaphor

Dazed.... Says

Echo....

Echo 2! Me too WAITlistED

Last night I dreamt that I m running around with a paper in hand. But now I dont remember whether it was offer letter or reject letter..... each second its getting better...of me...

This post might be considered as a spam by many but I couldn't resist to reply so please bare with me for this single post

Dude, you have a decent work-ex and the interview seem quite cheerful with I guess no questions (?) asked on acads. (If there were some, please share them too ).

Anyways, I think you could have replied some questions better. Replies inline... I know there might be multiple way to reply but just sharing what I think could have helped more.

Best of luck for your results.

Dude! its not a spam at all! u r the 1st one to have the critique view at the answers and your answers are better than mine. come to think of it, i just brought down my chances of converting the call from 60% to 40%. i mean your answers surely seems contain the words the panel would have loved to hear.
btw for the first question, couldnt have blamed IIT prep cause scored just 71 in chemistry. questions were
will keep these answers in mind in I-nterview.

cheers

One more thing: todays observation was that people with considerable work ex (>= 4 years can definitely considered as considerable work ex, but wont comment on work ex below this) were asked questions pertaining to their work ex itself. a guy with close to 6 years of work ex was even questioned on some component of his salary (albeit bit deeper questions ).

so guys with "considerable work ex" need not worry about acads. but it doesnt mean u shud not prepare at all. not able to say the correct definition of moment of inertia may not loose you points but if you say the correct definition they will definitely add some stars to ur marking.

best of luck!!