Why Finance?

Hi Folks...

Need some serious career guidance. Male engineer from tier-1 engineering college and 21 months work ex in HCLTech. Wanted to do MBA so landed up in tier-2 B-schools (screwed CAT and XAT ). Now i am in 3rd sem and i am going to opt for finance. Being a student from Non-Finance background, would any kind of certifications like CFA or FRM would help me to get job in IT company as I want to go back to IT company only. Guys please give me some suggestions.
@anand5787 said:
Hi Folks...Need some serious career guidance. Male engineer from tier-1 engineering college and 21 months work ex in HCLTech. Wanted to do MBA so landed up in tier-2 B-schools (screwed CAT and XAT ). Now i am in 3rd sem and i am going to opt for finance. Being a student from Non-Finance background, would any kind of certifications like CFA or FRM would help me to get job in IT company as I want to go back to IT company only. Guys please give me some suggestions.
sir,if you want a job in IT company,then CFA or FRM is not the way
you can understand CFA prospects from the following page...just go through the below page

http://www.pagalguy.com/posts/4748762
@TONYMBA thanks
@anand5787 : I am also sailing in almost the same boat as u..I also have engineering background,and going to opt for finance in second year...If u are looking to go for CFA/FRM think of them as an investment for understanding the intricacies of financial world..IF u r looking at these courses just as an addon to ur CV;i dont think they will help much in that regard...:)

P.S - Just Want to remind you that last deadline to register for June L1 exam is 13th march.So decide fast
Hi Guys, just want to ask to those puys who are already working in an IT industry after an MBA, please tell me is their any risk management kind of profile offered in IT Industry?I am planning to give CFA or FRM in December and i want to work in IT companies only because of prior work experience. Will it be beneficial if i go for FRM?
@anand5787 : I am still an aspirant, but I do know quite a lot of non-IT of IT. You don't get the usual FRM/ Risk Management kind of role that you get at AMCs or in Investment Banking. But, yes, you do have hedging, currency risks and asset management even in IT. Much of it is outsourced to Banks or AMCs. But most companies do retain a portion of RM internally, usually in big ones like TCS, Infy, etc. I am not sure about CFA/FRM part though. I doubt it will be that useful in an IT context as RM required in IT is very minimal, compared to other sectors.

Hi Puys,

Can some one here tell me what jobs does the financial engineering leads into??
also, how is it way different from normal finance??
Thanks in advance.
@binaravind hi

from where r u pursuing financial engg ??

As harsh sir ( @harry4u9 ) rightly pointed out that many people would switch from engineering to finance in search of cool and easy life. Sadly for me too its the same. But what to do? Engineering job is so uncool! Doing hard manual labor s**ks a lot, I can do 12-14 hrs of cubicle work but doing a 12-14hrs work in field work is really detestable.
I am looking for some career advice.
Both Long term and short term goal is to get some cool cubicle job like finance. Profile is btech IIT- ECE, 3yr work ex in industrial sector . I don't want to do mba operations (coz again field work), not marketing (selling things or business is not my forte) , not hr...
So basically from the superficial but true logics above I've decided to go for MBA finance.
I have been given 5 options for specialization - capital market, corporate finance, risk management, accounting and taxation, and development finance. (the third one comes with some scholarship)
Which one should I choose?
.


@anmol29 I m not yet pursuing, but looking for some clarification and help.

Dear all,

i am interested to persue my mba in finance, screwed cat and most probably joining ibs mumbai. but my background in electrical engg and i have no basic idea of finance. i want to ask am i taking a wrong decision? will it be difficult for me to master finance? among these certifications CIMA, CFA and FRM which one i should target? is finance good for a electrical engg student like me?

hey i hav a plan to take financ e specialisation bit im a btech IT...SOPLACEMNTS ITS ENTIRELY DIFFERENT..SO ANY PROBLM..MY MAIN AIM TO GET GOOD SALARY

hey i hav a plan to take financ e specialisation bit im a btech IT...SO ITS ENTIRELY DIFFERENT..SO ANY PROBLM..MY MAIN AIM TO GET GOOD SALARY
annual consumption value = 10000 rs
Ordering cost= Rs 40
and carrying cost= 10%
can we calculate EOQ ?
@abhimukh19

@abhimukh19

Sir, Your take on NMIMS, Mumbai - MBA in Capital Markets course. Long term view would be great :)

@targetcfa said:
annual consumption value = 10000 rs
Ordering cost= Rs 40
and carrying cost= 10%
can we calculate EOQ ?
EOQ = _/ 2DS / H
=>_/ 2*10000*40 / 4
@gs4890 said:
@abhimukh19@abhimukh19Sir, Your take on NMIMS, Mumbai - MBA in Capital Markets course. Long term view would be great
Let me help you, if u want a career in stocks/shares, MF's etc..yes i would say go on..i am sure when you complete this you will be knowing inside-out of stock market ( i mean everything) as long as job perspective you join AMC, broking company, etc etc

Hope it solves your query
@vishal.das said:
Let me help you, if u want a career in stocks/shares, MF's etc..yes i would say go on..i am sure when you complete this you will be knowing inside-out of stock market ( i mean everything) as long as job perspective you join AMC, broking company, etc etc

Hope it solves your query
vishal sir ki jai
@TEENA616 said:
hey i hav a plan to take financ e specialisation bit im a btech IT...SO ITS ENTIRELY DIFFERENT..SO ANY PROBLM..MY MAIN AIM TO GET GOOD SALARY
Thats a nice aim .. but what is that you want to ask here?

Seniors, I am still an aspirant. I have got a seat in a program(IMT-G FT) where Finance as a specialization is not offered(Its a separate course). I really am interested in Financial Consulting, etc. I have 2 questions:


1. Will General PGDM along with CFA or other certifications help?

2. How can I enter Finance with just a General PGDM, if the above option isn't helpful?

3. What are the alternatives available if I want to enter the world of Finance with a General Management degree?

Thanks in Advance