Thinking to do Financial Engineering to enhance my career
If anybody could share some good insights how to improve my career in finance. Please no nasty comments, I have got few people messaging in this forum.
I am thinking really hard maybe to do Quantitative Finance to help my chances to improve my career in Finance, even though I prefer not to.
5 things are giving me a real hard time getting in the door:
1) Not from TOP MBA School 2) No Relevant Experience in front or middle office 3) NO CFA Designation or CAIA 4) No technical knowledge such as: Visual Basic, SQL, Math Lab 5) Above all the economic climate is very competitive to get into the door, too much talented people out of job. I have emailed, applied and network still no luck.
I have been out of work since November 2009. It is quite frustrating.
Any career advice much appreciate.
Here is my resume any suggestion highly appreciate
Take a look at Quantnet.com. They have a ranking of MFE programs. If you are able to get an MFE degree from a Top 10 school, that will get you a quant job on Wall Street. Just make sure that you like Math and Programming.
You need Math (Stochastic Calculus and Partial Differential Equations) and hard skills in C++, OO, VBA, SQL.
Also, be prepared that 80% of your classmates will be from China India, France. The good thing is that they will need visa sponsorship to get jobs in USA, so it will be easier for you to get the job.
Get a normal resume format (don’t use visualCV thing). Have you been directing employers to your visualCV? If you have, then that goofy picture might have cost you some interviews- ding. Also, you've made a lot of (honestly pathetic sounding) posts complaining about finding work and you've used your real name. I just checked and it shows up on the first page of Google. If an employer saw that- than that's another ding. Next, review some English grammar (or if you know it edit your writing better or get someone to review). Your post right now has English mistakes and there are glaring mistakes in the summary paragraph of your CV -ding. (e.g. "capital market(s)", "gave me (a) great starting point", "In addition, got exposure" not "In additional, got exposure"). If you're sending out cover letters, you don't want people to question your English knowledge especially considering your foreign name (or your smarts). Your Bloomberg experience seems okay, but the other two are suspicious. At Exnet, your job details are too general and tell us little about what you actually did. At Zurich, you call yourself a "Foreign Exchange Research Analysts" (get rid of the "s"), but according to your dates you started the NYC job at the end of your sophomore year of college and continued working through college and business school which you completed in New Jersey and Connecticut. If this is accurate, explain it.
Honestly, I wouldn't be surprised if some job opportunities slipped through your finger simply because of the way you present yourself. That said, I'm going to be honest here: Your educational pedigree is below average for wall street and your only relevant experience since graduating from business school 8 years ago is 6 months at Bloomberg in NJ. And according to your profile you've been out of work since leaving Bloomberg 1.5 years ago. It might be time to look at other less-competitive employment opportunities outside of finance. Is this something you've considered?
Yeah, I have to agree with the assessment of Seigniorage posted above. Your English and your educational qualifications will cause a hiring manager to have significant doubts about your intellectual ability. Also, your lack of hard skills in Math and Programming is quite obvious from your resume. That said, IF you are able to get the MFE degree from a Top 10 school (see Quantnet.com rankings), that will get you a job on Wall Street. If you make the same blunder and get the degree from a similar school like your MBA degree, you will be back on this forum asking pathetic questions about how to get a job. You have already been unemployed for over a year. If you do not have the intellectual ability to work in Finance, you may want to consider working in less demanding fields.
Thanks for some nice response. If I pass CFA level 1 or 2 will that enhance my chances in entry level jobs in finance. Also what about programing certificate such as SQL and Visual Basic and Math Lab rather than not taking a degree. I want something that will enhance my chances to get in the door for entry level and then down the road do a degree.
I do not send to employer Visual CV rather a word document. If I do not come from top school will that matter for jobs such as back, or middle office or business development jobs in Capital IQ, Bloomberg, Morninstar. I know plenty of candidates who do not come from top school are working in financial field in back or middle office. Honestly, I rather want to work in asset management or equity research dealing with accounting or finance and analyzing financial statement. If I have no choice then I will pursue hardcore science such as financial engineering. I know finance is very competitive, but lot of people from my school did get a job. The reason they were lucking right time, right place and right experience. Unfortunately the key is I do not have the right experience due to many factors, I had to work in Exenet due to my immigration status and now I am legal to work cause I got my green card. I am open to work jobs such as Entry Level Associate - Business Development:
Please take a look and give me suggestion
http://jobview.monster.com/getjob.aspx?JobID=91500642&fwr=true
"Thinking to do Financial Engineering"
lol
MATLAB = Matrix Laboratory.
this is even funnier...
in all seriousness.. MFE programs usually require math/engineering type degrees.. work experience seems solid enough.. but you don't have the necessary technical background.. your english is a big big problem too..
stay away from FE if you'd 'prefer not to'.. its a really tough course and you will not make it through if you don't have a sincere interest in the subject matter.
you wouldn't make it in a MFE you just don't have the math skills
Just get your CFA man...MFE looks like its going to be a bit beyond what you should be doing and they aren't even that highly sought after anymore...or look into an MSF
happypantsmcgee or anybody else
what about learning SQL and programming. I was thinking maybe take one month course here or in India. So I can either work in business analyst or business development, somebody suggested me and as way to get in the door. So I have Bloomberg, CFA Level 1 or CFA level 2, some programing skill sets..Plus have a MBA and worked in Technology firm. All together is a solid for research or asset management jobs..
Also final questions like jobs that pay 30-40K, should I take out my MBA and tailor for this type of job
http://jobview.monster.com/getjob.aspx?JobID=91500642&fwr=true
Dude, this is getting ridiculous...you have industry experience, an MBA and you're talking about lying by omission to find jobs that get 30k? Just finish the CFA and that will allow you to get looked at for analyst/research type roles. If you want to do some programming...go nuts. Either way, the CFA and your experience should be enough to get you some looks but after this thread, your interview may not go that well.
Yes, CFA is something you should do. You have no excuse for spending 8 years and not passing a single exam. I want you to make sure you sit and pass the Level I this December. And then Level II next June.
Ask someone whose judgment you trust (e.g. someone with a job in finance) to help you make a presentable resume in PDF format. I'm saying it again: there is so much wrong with that resume and you need to fix it or else you're just wasting time. e.g. "Investment Banking Certificate" from the Investment Banking Institute sounds terrible. Find a more presentable way to display those skill sets.
Last thing, I've noticed you posting links to online job postings a lot. I get the feeling this is your only source of job searching. Find something else to supplement it. Do you have any acquaintances at Bloomberg, Exnet or Zurich that you can talk to?
Also: The link you posted is NOT Morningstar. You do realize that it is a SALES job at Morningside- a LANGUAGE translation company? I couldn't think of a less plausible job for you.
Listen, at some point you're going to have to reach down and grab some sack. Call someone, take a fucking exam that someone has heard of. If you want this go after it and if not, stop wasting your time and settle in somewhere you're comfortable.
message to Seigniorage. Should I take off Investment Banking Certificate. It was reviewed by someone from Columbia university. Is it possible I can send a private message to you and send you my word document resume to be reviewed. I will make the changes regarding specifics on Exenet not have general bullet points. Took off "s" "Analysts" to "Analyst"
Regarding applying jobs: I apply online, using monster, indeed, craigslist and use linkedin( network alumuni) and have a database of firm and again go online and apply jobs or send cold email to Directors and Vice Presidents that is my strategy and even use google map type investment management in NYC.
Dude, after reading your posts, I am pretty certain that you got fired from Bloomberg after 6 months and have since been unemployed. You can tweak your resume all you want, but if you cannot pass the interviews and cannot do the job, you are just wasting everybody's time. Get a degree from a Top 10 school or else at least show that you can pass CFA exams. This is quite ridiculous. Even a school bus driver or a bag lady at a grocery store gets $30K. You want a $30 K job in Finance. Apply for jobs as a school bus driver. They will pay you $30 K and you will not need to write the CFA exams. You will only cause embarrassment to the hiring manager if you cannot do the job and he has to fire you after two months.
Nesciunt facere rerum sunt tempore eveniet est non. Non laudantium quia eveniet incidunt veniam voluptatem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...