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Vinit, you have got wrong information, companies have positions for equity/research/finance positions for MBAs from A as well as B-Grade Schools. Look there aren't many CFAs as well as Top B - School MBAs in the country and hence obviously MBAs from B - Grade Schools are recruited in these profiles. You can have a first hand experience by searching research jobs on job sites, you will find that they are looking for MBAs/CAs. If all MBAs were inducted for marketing then there would have been only one specialisation i.e. Marketing.
Mind you, MS(Finance) is ten times tougher than these tests.
Please update yourself and then comment.
I'm not sure if I like the last comment but would look beyond it neverthless.. and kindly do'nt question awareness cause it would be very subjective. I'll defend my want to get into operations leading to research later, if warranted.
I did not state that the value of doing and MBA from B-grade and its relevance in order to clinch positions in research is non-existent. There is a larger point which u may not be aware of.
First please define what a B-grade bschool is, is it NMIMS or sydenham. If sydenham then kindly check the positions that have been recruited by cos. from collegdes like Sydenham and MET.
I have friends that have graduated from both colledges and have several offer for sales that is MF's and HNI Aquisition. They slog it out 16 hrs a day Yes there are positions for which hardcore equity research has been offered but very few. Last I know in MET as 12. Cos like BA, edelweiss, crisil, kotak securities and then the other BPO/KPO processes like Netscribes and Integron and nowadays its gridstone research- headed by Basab Pradhan ex head of infosys.
The point here is to limit ur self to just an MBA from B-grade institues(defination of which needs to be clarIfied) is wrong if ur clear about research.
If ur among those who are confident to get into the 10 odd positions that come to Somaiya and Chetna for hardcore research and operations which includes MF accounting then great!!! Else please be informed that initial perceptions/offers would be in sales.Period. If u still insist on contesting this point I'm sorry, its just lack of awareness of what is a larger tendancy/proportion of jobs that are offered to people from so called b-schools even if u've graduated in finance.
I m not saying that doing an MBA from these institues isn't worth it but it cannot define ur prospects at all again I repeat if one is clear about moving into research.
Don't believe me... go check with consultants and people/consultants who are actually in the recruitment process as they would know better about the industry and also to people in operations who have several cases of MBA doing CFA not just cause of value addition but the elasticity of getting into hardcore reserach.
My view is not my pre-concived notion but a consitent strain of thought that has been presented to me by several individuals who have spent yrs in the securities business, if there is a suspicion of my view in terms of its credibility. Still don't believe, the most credible person here is Tumtum aka Manan. Obviously he wouldn't state his disappointment about NMIMS and SP Jain's courses and is not stupid to consistently be a motivation in working towards the CFA programmes. He is from the industry and knows what he shares or has shared with me,( unless moi taken anything in the wrong sense).
To cut a long story short, if getting into a b-grade school is something that is suggested out of doubt about the CFA course then its inappropriate. If one believes getting into research from Sydenham is something he is confident about then hell with CFA. Else doing an MBA at the cost/expense of CFA to get into research, best of luck!
Views are personal with no intention to comment on anyone's credibility to opine or share his thoughts and do acknolwedge to have the flexibility in order to reform/refine my stated opinion
Forget it guys !
This Ketan has earlier also mentioned comparing himself with B-Grade MBAs. I think he has made up his mind that he is no more worth than a second-grade MBA. Its ingrained into his psyche and we can not do anything about it. Till now I have repeatedly told him to concentrate on studies and he also tells me that he is doing the same but I think he has these bouts of despair when he feels that his life is worthless even if he gets this degree.
Frankly speaking, what can we do? Nothing. It is he who has to fight with the ghosts of his imagination. I don't think the forum members should take his "thoughts in despair" into account.
Keep studying guys, you will surely be rewarded.
@ Vinit:
I could not agree more with you on your ideas buddy ! You are getting the tricks of the trade!
@ Ketan:
Dude, if you think so bad about the course, what were you doing eariler? Why did you not have the guts to go for an MBA from a B-Grade b-school?
Stop breaking the morale of other members !
This Ketan has earlier also mentioned comparing himself with B-Grade MBAs. I think he has made up his mind that he is no more worth than a second-grade MBA. Its ingrained into his psyche and we can not do anything about it. Till now I have repeatedly told him to concentrate on studies and he also tells me that he is doing the same but I think he has these bouts of despair when he feels that his life is worthless even if he gets this degree.
Frankly speaking, what can we do? Nothing. It is he who has to fight with the ghosts of his imagination. I don't think the forum members should take his "thoughts in despair" into account.
Keep studying guys, you will surely be rewarded.
@ Vinit:
I could not agree more with you on your ideas buddy ! You are getting the tricks of the trade!
@ Ketan:
Dude, if you think so bad about the course, what were you doing eariler? Why did you not have the guts to go for an MBA from a B-Grade b-school?
Stop breaking the morale of other members !
It is a very sad thing that we are so much confused and even then we have joined the course.
Is it worth doing such a rigorous course under such tremendous presssure and negative frame of mind? I think, No.
Look dude, you are choosing to have a negative frame of mind. Is it the fault of the course?
My sincere advice to all is that instead of ending up with high BP or any other phsycotic ailment, the best option will be to do an MBA from a reputed B-School or at the worst from a B - Grade School. At least this will give peace of mind.
High BP---- I think you are that kind of a person who is attuned to such diseases. Believe me Ketan, its got a lot to do with your mind, which seems not to be in its right place as of now.
If you so much feel that an MBA is the solution, then why didnt you do it before? Where was all the wisdom gone? Frankly speaking, you are not even fit for an MBA from a B-grade B-school.you dont have it in yourself dear !
What is the point in wasting so much efforts in doing CFA and that too with a doubt in mind. Instead of that, why not study hard for the entrance test and go for an MBA from a good B - School. Put 5 - 6 hours in test preparation instead of wasting them in CFA. As far as I am concerned, I can continue the course as I am working full time with a PSU Bank because of which Ful Time MBA is out of scope. Look, I am not against CFA/MS(Finance)
Waste efforts: Do you even know what you are talking dude? Do you mean to say that those who are studying are wasting their time? If yes then how the hell can you say that you are not against this course?
Please note that I am just expressing my views, so no fights/bad feelings, please.
Keep your views to yourself Ketan. We dont need them in this forum. You cannot blame the course for your own failures in life! Its high time you realize this dude. You are living life like a loser and acting as a kid. GROW UP !
I had told in the beginning that its better that you leave the course. I think you should do it now. You wont be able to take any more pressures. You are not made for it and frankly speaking, you should not aim for much in life if you have such a losers attitude.
Hope this gets through your head.
Hi All,
Just so that all of you know, one of my friends (also a CFA from ICFAI) has been called for an interview at Irevna (Irevna is now a part of CRISIL). This should leave no scope for doubt about where this program could take you.
~ Hindolam
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ketan141979 SaysYou got me wrong. I never felt bad about the course.
Well, the advice that you are dishing out to others says exactly opposite about your thoughts. Go and read your posts once again with a calm mind.
ketan141979 SaysWhat do you think TumTum, are you the only intelligent person on this forum?
Did I say so in any of my posts? Why do you begin inferring things at the drop of the hat?
ketan141979 SaysTime and again I have observed that whenever a single doubting word is uttered about ICFAI, you get hysteric, why? do we need to speak as per your wishes only?
Hysteric? Lol..do you know whats the meaning of this word buddy? Tell me, who gets hysteric when he is not earning more, who gets hysteric when his cousin earns more, who gets hysteric when CFA Institute ads appear in the newspapers, who gets hysteric when the name of the degree is likely to change from MS to MSc ? Please exorcise the ghosts of your past before pointing a finger at anyone else!
ketan141979 SaysI don't understand why you get everything wrong? Please try to understand what a person means to say?
Now after reading your posts for more than a year, I know it for sure that you panic at the first sound and more so, spread the panic onto others. There is not question of me getting you wrong. People like you break the morale of others and BTW, if I find someone bad-mouthing my institute, I have every right to defend it. I have done it on numerous occasions and I will continue to do it. Please take notice.
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I have been a member of this thread for almost one year and has found that every one including myself is confused about the course.
It is a very sad thing that we are so much confused and even then we have joined the course.
Is it worth doing such a rigorous course under such tremendous presssure and negative frame of mind? I think, No.
My sincere advice to all is that instead of ending up with high BP or any other phsycotic ailment, the best option will be to do an MBA from a reputed B-School or at the worst from a B - Grade School. At least this will give peace of mind.
What is the point in wasting so much efforts in doing CFA and that too with a doubt in mind. Instead of that, why not study hard for the entrance test and go for an MBA from a good B - School. Put 5 - 6 hours in test preparation instead of wasting them in CFA. As far as I am concerned, I can continue the course as I am working full time with a PSU Bank because of which Ful Time MBA is out of scope.
MBA can be completed in 2 years flat and you become employable the moment you complete the course and that too in the same profile a CFA/MS(Finance) gets.
Look, I am not against CFA/MS(Finance), infact I feel it is much superior to MBA coverage wise and reputation wise. But is it worth having such tensions throughout the course. I think No.
Please note that I am just expressing my views, so no fights/bad feelings, please.
Thats not an applauding post. You could have expressed your sadness in some different way. CFA bill 2007, ccfaindia website updates, ICFAI ad in economic times inviting employers to hire CFA from ccfa database/promoting CFA- Things are getting positive.
Beta is extremely tough and very very difficult to crack in 2 months along with full time job. Time value of money, bond valuation, risk and return, capital structure, probability, hypothesis etc are difficult concepts to understand and appreciate.
There is no problem in the course. I will end up spending Rs 5 lakhs p.a in the b grade MBA school as compared to 50000 in ICFAI CFA/Ms finance.
Beta and delta are extremely challenging but thats what makes a CFA. In ms finance, kappa and theta are again challenging to make a full fledged finance professional.
It is a fantastic course. All of my friends have got jobs in all sort of profiles. None of them is a relationship manager. Look at the contents. Unbelievable. I wanted to understand nifty strangle, credit swap and LIBOR/MIBOR and i just need to open my CFA books to understand and practice these concepts.
The problem is not the course or placements. The problem is you are not able to handle the rigour along with full time job. ICFAI cant give CFA/ms finance to every one as a generalist degree. It is a professional course and needs effort fine tuned with a personal schedule- Working full time/student etc.
Career is a long term thing- A life changing experience. Doing CFA is one part of the game and sometimes the minor part. Adding 5 years of decent financial experience on the CV is a major part and experience is appreciated along with any good finance qualification- CA,MBA, CFA, ICWA, Masters.
You mentioned once you are not getting career opportunities in a PSU bank. Thats why i used the term ' CFA as a life changing tool'. It has the potential to change your life, salary and career for good. However, it needs utmost patience. It might take you little bit time to clear beta and delta-CFA and then Ms finance along with your job. Then comes the experience part which means going from one place to understand to give interview. However, all the things which you will be doing are shaping all together a different person.
Take a deep breath and re start your preparations. In the last 12 months, i decided to leave this course 3 times because it is extremely tough. I was not able to cope up with vast workbook problems and numericals. But my family, google searches
and a finance professor motivated me and i am now again motivated to finish the course ! Right now, CFA enrollement is around 47000 series like CFA 47XXX. There are 3394 CFAs. That means out of 47000 people registered in the last 22 years, only 3394 have been able to pass this course completely (Ms finance)-7.22 %
. God bless. 😃
My opinion is exactly the opposite of Ketan:
"The full flesh Ms finance program from ICFAI is as good as any top/A + grade MBA school. Look at the contents of Ms finance . The knowledge reflects in the interview making placement effort success. Sooner or later any good ms finance qualified person which has got personal capabilities and is in well developed financial hub will rub shoulders with the likes of IIMs, MDI, SP jain".
"Prefer Ms finance rather then going to a b grade MBA school.My friend at amity business school and TAPMI is also of same opinion. ROI is impressive in ms finance".
"The full flesh Ms finance program from ICFAI is as good as any top/A + grade MBA school. Look at the contents of Ms finance . The knowledge reflects in the interview making placement effort success. Sooner or later any good ms finance qualified person which has got personal capabilities and is in well developed financial hub will rub shoulders with the likes of IIMs, MDI, SP jain".
"Prefer Ms finance rather then going to a b grade MBA school.My friend at amity business school and TAPMI is also of same opinion. ROI is impressive in ms finance".
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ketan141979 SaysI have deleted my post because you have convinced me on the point.
So you are convinced. Great. May I ask for how long before you return to your normal panicky self?
ketan141979 SaysAnyways, I was expressing one of my thoughts.
Good. Now be careful while expressing your thoughts if you expect others to be discreet in expressing their thoughts. BTW, even I was expressing my thoughts.
ketan141979 SaysThe way you have relpied me was , unlike TumTum's, the most humble one. This is the way one should reply to a post and not make a fool out of that person.
If you express your opinions like a fool, you will be ridiculed like one. Make no bones about it dude ! You asked for it !
Your nervousness has been answered every time by some or the other forum member but yet again, you ask the same questions. This rhetoric won't get you anywhere.
I am saying for your own good. Give this a serious thought! I don't care what opinion you hold of me for that matter. But having said this, I thought that it is best to free one's mind of any controversies and focus on study, but you do not seem to get the game!
I have decided now that I won't participate in this forum anymore because I don't like to get into verbal duels.
I am seeing that happen here and I rightly feel that Ketan is letting the morale down of other CFA students, hence I adopted this aggressive stance and I dont feel that I am wrong.
Goodbye thread members.
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I have deleted my post because you have convinced me on the point.
Anyways, I was expressing one of my thoughts.
Sorry, if I have hurt anyones feelings.
The way you have relpied me was , unlike TumTum's, the most humble one. This is the way one should reply to a post and not make a fool out of that person.
I see apart from tumtum, vinit and hindolam have also replied to your post. All the 3 people are very well settled in the industry and you should respect their opinions.
It is their politeness that they have taken time out of their busy schedules and replied to the posts to benefit current students.
tumtum is leaving the forums because he see no value addition here- Simple mindless posts. If you will attack the alma matter, you are going to get back the harsh replies.
Be careful what you say here and choose your words wisely.
I have decided now that I won't participate in this forum anymore because I don't like to get into verbal duels.
I am seeing that happen here and I rightly feel that Ketan is letting the morale down of other CFA students, hence I adopted this aggressive stance and I dont feel that I am wrong.
Goodbye thread members.
Tumtum bhai, i request you- straight from my heart not to leave these forums 😞 . Your guidance, mentorship and knowledge driven post inspires, motivates and help a current/aspiring ms finance students to excel and perform at their best level.
Please reconsider your decision. I know you are busy with personal and professional life along with FRM but your posts definately helps all the students.
If you leave these forums, it will be a 100% attrition
and i will close the shop (forums) 
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i had posted earlier saying that i am pursuing mba from isbm but i have left it and m givin the b skool entrances another shot this year.
veterans of this thread please be kind enough to answer some of my questions!!
1)should i pursue ms finance along with studying for the b skool entrances and also for the gd/pi thing if i do get calls??what do you guys suggest..please draw from your own experiences or your friends expressions..those things always help!!
2)which course do you people suggest.cfa or ms(finance)??i am a bcom hons..2006 graduate??working in mfg sector for the last 1 year..
3)suppose i do get an admission into a b school would it be at all possible to manage ms finance or for that matter a cfa along with full time mba??
4)is ms(finance) and cfa a good option even for mba's??
5)how are the job prospects for a mba in finance with cfa or ms finance.apart from the value addition to the cv will it help a b school graduate in placements??
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Double Post, Sorry
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i had posted earlier saying that i am pursuing mba from isbm but i have left it and m givin the b skool entrances another shot this year.
veterans of this thread please be kind enough to answer some of my questions!!
1)should i pursue ms finance along with studying for the b skool entrances and also for the gd/pi thing if i do get calls??what do you guys suggest..please draw from your own experiences or your friends expressions..those things always help!!
To begin with me no veteran.. nevertheless moi 2 cents
Assumptions:-
1.Obviously would be aiming for a better institute.
IF ur talking about a better inst then its obvious that the course would be on its own challenging and demanding for u to allocate time to pursue the course with some consitency in ur efforts.
So the risk would be to pursue the course at the cost of doing very well in ur MBA or CFA as both would be equally and exceptionally very demanding. Its for one to evaluate his abilities and judge whether he/she could put in required efforts.
Even if ur in Sydenham and Somaiya and Wellingkar.. the general b-grades colledges one finds it difficult to pursue both course and atleast I have'nt come across anyone who has scaled both courses simultaneously, unless one is exceptionally brillant or a CA and therefore the obvious links in both courses.
2)which course do you people suggest.cfa or ms(finance)??i am a bcom hons..2006 graduate??working in mfg sector for the last 1 year..
MS finance-Tried and tested
3)suppose i do get an admission into a b school would it be at all possible to manage ms finance or for that matter a cfa along with full time mba??
ANSWERED above
4)is ms(finance) and cfa a good option even for mba's????
Depends one which inst's MBA. Else yes nevertheless.
5)how are the job prospects for a mba in finance with cfa or ms finance.apart from the value addition to the cv will it help a b school graduate in placements??
Great! Okay I know u need the prospects and not a one word answer. Put it this way, u want research and other invesmnet management positions then CFA is obvious and a no brainer.
If ur okay to budgeting, cost control, auditing, MF accounting, team operations, business analyst positions, treasury operations and other operational profiles and evern being an RM and selling MF's and insurance then only MBA would suffice. If ur clear about Research then CFA unless one is confident about a top A grade colledge.