Job prospects of an MFin student? (1 Viewer)

[akqjt]

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]

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]

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]

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]

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 =(

 

[ad infinitum]

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]

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]

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?

 

[velox]

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

Yep Mfin is generally overseas graduates, people who didnt get a job/honours, and some professionals who want to upgrade their skills.

 

[AlternateAlt]

I'm surprised it's even possible to do MCom after a BCom? It seems the MCom is basically a condensed version of BCom, the subjects all look like identical to the undergrad stuff.

 

[akqjt]

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

Yes, MFIN would be the easiest option of the 3

UNSW

 

[velox]

I'm surprised it's even possible to do MCom after a BCom? It seems the MCom is basically a condensed version of BCom, the subjects all look like identical to the undergrad stuff.

Can be used as a change of major.

 

[Omnidragon]

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

Do a MFin if you can't get a good job. But then again if you can't get a good job on a BComm, you probably won't get one with the MFin anyway.

 

[akqjt]

Do a MFin if you can't get a good job. But then again if you can't get a good job on a BComm, you probably won't get one with the MFin anyway.

Yeah, that's pretty much the whole reason I made this thread, to explore this issue

 

[Monsterman]

Yes, MFIN would be the easiest option of the 3

UNSW

I thought that unsw had work placement or something like that.. maybe it was only for engineering..

and if you were to compare unsw to other unis is supposably to be the better ones.. and if their graduates cant get employed then its concerning..

 

[akqjt]

I thought that unsw had work placement or something like that.. maybe it was only for engineering..

and if you were to compare unsw to other unis is supposably to be the better ones.. and if their graduates cant get employed then its concerning..

Work placement is for engineering (you have to find your own placement though, it's not just given to you). It's compulsory to complete it before you are allowed to graduate.

UNSW/USYD are the top tier uni's in NSW, that doesn't mean you are guaranteed a job when you graduate though. The glamor positions in banking are mega competitive to secure compared to the accounting industry - this thread is about the value of an MFin w.r.t getting into this particular industry. My OP was just exploring the concept that most domestic students who do an MFin straight from undergrad don't have any internship experience, so in effect doing a masters would be just like doing a comm/eco degree which is an extra year of study, with no guaranteed benefit.

 

[babikakez]

Do a MFin if you can't get a good job. But then again if you can't get a good job on a BComm, you probably won't get one with the MFin anyway.

See thats what I was thinking too...

 

[Omnidragon]

See thats what I was thinking too...

That's what I can confirm with you.