Job prospects of an MFin student?

[akqjt]

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Originally Posted by velox

I dont see the point of you posting my name, many people on here know who I am. I'd appreciate if you remove it though.

What I was alluding to is dont stick to run of the mill finance jobs. Look at utilities/energy companies for electricity trading, gas trading. Look at mining companies for shipping trading positions.

Many traders jump from industry to Ibanks.

That is if you want trading.

Otherwise if you want research, go into an industry and work for a bit, then go the MFin and apply to an Associate position in an IBank.

Dont know about PE, however I reckon you could jump from Big4. It is not too hard to get into Big4 (when hiring picks up).

I agree with your 'contact/friend.' Work experience before studying a masters is a good idea. And just remember firms like GSJBW don't consider masters graduates (ie if you do an MCom and have a commerce undergrad, they wont consider you, but will take say a BEng MCom).

People spend their time responding to your posts, not a great idea to be so impolite.

Aww as if the first/last letters of your name mean anything. But out of respect I'll do it. Also, I find the tone and clipped nature of your original reply to be 'impolite', I don't become an e-dick for no reason.

Anyway, w.r.t to electricity/gas trading - I never even knew these positions existed for grads to get into in Australia. I found this thread you made a while back (http://community.boredofstudies.org/...y-trading.html) and that didn't provide anything too useful. I also can't find any adverts/firms that deal with this (wtf is 'Sydney hydro'?).

EDIT: Checked Energy Aus website, looked at grad program and what it involves (http://www.energy.com.au/energy/ea.n...duate+Rotation). Doesn't seem like any trading roles are mentioned, at least not overtly, unless energy pricing ~ energy trading. Seems hit and miss though as you might not even get rotated through that division.

[akqjt]

Originally Posted by velox

What I was alluding to is dont stick to run of the mill finance jobs. Look at utilities/energy companies for electricity trading, gas trading. Look at mining companies for shipping trading positions.

I can't find one graduate program that hires graduates in any of these capacities - can you please point me in the right direction? What is 'shipping trading'? I can't find any thing on google.

[louy]

I wouldnt do a Masters unless its the only option. It would look like that too - meaning if you came to me lookin for a job with Masters etc and no experience, it looks like you only done the Masters cos you couldnt get a job.
Look for Big 4 experience. That will open doors. Do a CPA or ACCA professional qualification

[akqjt]

Originally Posted by louy

I wouldnt do a Masters unless its the only option. It would look like that too - meaning if you came to me lookin for a job with Masters etc and no experience, it looks like you only done the Masters cos you couldnt get a job.
Look for Big 4 experience. That will open doors. Do a CPA or ACCA professional qualification

I know a CA qualification + a few years in auditing can enable you to jump into IB/research etc but I'm looking at more markets/funds management orientated roles like trading or portfolio analysis. I was looking at doing an MFIN as a way to further my studies, get better marks and apply to these positions as a graduate because I thought there was no 'other' job I could do in the mean while to get relevant/attractive experience.

Velox says there are, yet I can't find any of the jobs he mentioned advertised, or advertised to graduates.

[louy]

CA at big four, plus experience.
Jump over to Ibank doing control and operations.
Then do your CFA

Thats probably how I would do it

[akqjt]

Originally Posted by louy

CA at big four, plus experience.
Jump over to Ibank doing control and operations.
Then do your CFA

Thats probably how I would do it

As a route into trading good sir?

[Studentleader]

Originally Posted by akqjt

As a route into trading good sir?

Probably better to do a mathsy honours then get a shitkicker quant role then work towards your CFA - honours will put you on par with american bachelor students.

[akqjt]

Originally Posted by Studentleader

Probably better to do a mathsy honours then get a shitkicker quant role then work towards your CFA - honours will put you on par with american bachelor students.

For some (read: most) the prospect of spending another 4 years at uni for the small chance of getting a job in trading is unreasonable.

[Studentleader]

Originally Posted by akqjt

For some (read: most) the prospect of spending another 4 years at uni for the small chance of getting a job in trading is unreasonable.

Didn't mean it like that - I meant a finance honours which is quite mathematics intensive.

[akqjt]

Originally Posted by Studentleader

Didn't mean it like that - I meant a finance honours which is quite mathematics intensive.

If I could get into honours I wouldn't be making a thread abou masters ^_^

[eizen]

I have an Engineering background and was considering doing a Masters in Finance in order to facilitate a career change. I was told having a quantitative background coupled with formal qualifications in Finance would put one at a distinct advantage. So I thought I'd hop on to the forums to confirm what I'd 'heard' out in the real world while working. There are many opportunities for Analysts outside of the banks.

Ideally I'd like to enter a Graduate Program. So I must admit I was a little disheartened at first after reading these postings until I read Velox's posts.

Cookie, Geology certainly pays very well and there are quite a few opportunities in the resources sector. I've worked with a few Geologists - so if you want any info please let me know.

[Monsterman]

This thread makes me want to reconsider doing something else instead of commerce =(

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Well this is how they pick Finance/Accounting graduates for firms. Its kind of like a cattle sale. All the graduates bunch up in a cattle pen, whilst the recruiters sit in the stands bidding as a line of graduates go through the gates. You must have your certificates branded onto your shirt, and once recruiters bid for you, you have your teeth/ears inspected and if not already Asian, you have your head shaved.

[babikakez]

Originally Posted by akqjt

If I could get into honours I wouldn't be making a thread abou masters ^_^

So you're saying that entry into a MFin is going to be easier than getting a job OR into honours?

[Monsterman]

Originally Posted by akqjt

I know a lot of people who had hoped to get into the finance sector but with employment levels so low a lot of people have missed out. I know a few (incl myself) are thinking of doing a Masters in Finance after our bachelors. However, just thinking about it, I'm wondering how much that extra year will help. I think it's a reasonable assumption that at the end of a 3 year commerce degree, that if you haven't secured a job in the finance area you most likely don't have any internship experience within the field as most intern roles lead to grad offers (maybe not in the current climate but usually). You can't apply for internships at the end of the final undergrad year, because you aren't penultimate even though you intend on another year of masters. So you start your MFin degree in Feb after graduating from your undergrad degree, apply for graduate jobs in March starting next Feb (even though you don't even have 1 semesters worth of results for your MFin degree yet) and have to apply for the graduate streams, which are a lot harder to get into than via an internship - still without any internship experience. To top it off most Masters students marks aren't the greatest (otherwise do Honours). Am I missing something? Or is it normal for MFin students to graduate, then apply for graduate job the following recruitment season, effectively spending 2 years post-grad before commencing work?

which uni do you go to?