Work experience / internships (1 Viewer)

[ND]

Seraphim: Which dept. you working in? Also, does CSFB have a lot of traders here in syd?

 

[seremify007]

Do you have to be a member of CPA to enter the program? Coz there doesn't seem to be any online application that I can see.

I don't think so? CPA Passport is for uni students I think who are looking for unpaid work experience... based on the link you posted, it says;

http://www.cpaaustralia.com.au/cps/rde/xchg/SID-3F57FEDF-F9CD1FA7/cpa/hs.xsl/720_9865_ENA_HTML.htm[/url]]The work experience program gives you access to some of Australia’s finest accounting and finance students from universities and TAFEs across Australia.

Anyhow, I got out an old BRW issue (Nuclear Power, August 18-24, 2005) and there is an advertisement on the rear cover for CPA Passport 2005. Here's what it says;

Catch the Best New Talent

"The program is an excellent way to assist with recruitment."
Roslyn Beg, Client Manager, Deloitte

"Excellent program for the student and our office."
David Reid, Office General Manager, Financial Audit Operations, Victorian Auditor General

Benefits to your Organisation
* Assess students' elegibility for future recruitment opportunities.
* Take on the students when it suits you.
* Students do not expect to be paid for their time.
* View academic transcripts to ensure the student is suitable.

Registrations open 1 July - 31 October 2005.

For more information visit www.cpaaustralia.com.au/links?workexperience or call 1300 73 73 73.

I hope that helps- I'm guessing because registration is closed, you'll have to wait until next year? Probably doesn't hurt to give 'em a call though. There are also likely to be CPA exhibits around the place- I remember seeing them at the Career path day (forgot proper name) at Macquarie Uni earlier this year.

 

[§eraphim]

Seraphim: Which dept. you working in? Also, does CSFB have a lot of traders here in syd?

Fixed Income - swaps

No, <5. CS is small in trading but a leader in underwriting.

 

[ND]

Ah cool. Just another question: do you know if all the guys in corp fin are com/law? Cos people i've talked to say that pretty much everyone in the IBD at mac bank are com/law, which is strange cos wtf do they know about modelling and valuation.

 

[§eraphim]

Ah cool. Just another question: do you know if all the guys in corp fin are com/law? Cos people i've talked to say that pretty much everyone in the IBD at mac bank are com/law, which is strange cos wtf do they know about modelling and valuation.

I've only met the IBers a couple of times but they are from diverse backgrounds - acst/fin and fin/math but mostly comm/law. also, to the best of my knowledge, csfb doesn't have an intern program for IB. The ones I spoke to were on some kind of scholarship (maybe uni arranged?).

Traditionally IB doesn't need such sophisticated mathematical modelling eg. fundamental analysis for M&A.

 

[~ ReNcH ~]

I've only met the IBers a couple of times but they are from diverse backgrounds - acst/fin and fin/math but mostly comm/law. also, to the best of my knowledge, csfb doesn't have an intern program for IB. The ones I spoke to were on some kind of scholarship (maybe uni arranged?).

Traditionally IB doesn't need such sophisticated mathematical modelling eg. fundamental analysis for M&A.

Do you reckon you can get into IB with a BCom (Acct)/LLB degree, or would you need a major in Finance?

What sort of areas of finance would need a BSc (Maths) for i.e. where a BCom or BCom/LLB wouldn't really cut it?

 

[seremify007]

I don't know much about IB but a few of my sister's friends work in those companies (MB, DB, S&P, etc..) and most of them had an Acct/Fin background with work experience in Financial Services auditing.

 

[§eraphim]

Do you reckon you can get into IB with a BCom (Acct)/LLB degree, or would you need a major in Finance?

What sort of areas of finance would need a BSc (Maths) for i.e. where a BCom or BCom/LLB wouldn't really cut it?

I don't think the major is that important.

Those areas requiring quantitative ability. eg trading, quant, risk management, funds management, structuring, etc. However, opportunities are scarce. BCom/LLB opens up more opportunities.

Maybey ou should consider doing Actuarial Studies/Law. You could do anything with that degree.

 

[~ ReNcH ~]

I don't think the major is that important.

Those areas requiring quantitative ability. eg trading, quant, risk management, funds management, structuring, etc. However, opportunities are scarce. BCom/LLB opens up more opportunities.

Maybey ou should consider doing Actuarial Studies/Law. You could do anything with that degree.

I guess I won't rule anything out for now, but I'm doubting my mathematical ability - I read in the co-op book that you should have attained a high level in MX2 in the HSC to consider Actuarial - if their definition of "high" is ~96+ then I'd be a bit worried. Otherwise it probably would be good as far as job opportunities go. The likelihood is that I'll do Fins or Acct though.

 

[:: ck ::]

yeah its possible... im in zurich financial services / life insurance atm and i just finished my first yr

 

[§eraphim]

yeah its possible... im in zurich financial services / life insurance atm and i just finished my first yr

how did you get that role?

 

[~ ReNcH ~]

I think their definition of high is probably around 90+. There are far more people taking on the actuarial major than there are people that get 96+ in 4u.

Are you doing Actuarial at uni? I'm guessing you probably need to have received 96+ in MX2 to get the Ds and HDs though...

 

[§eraphim]

Are you doing Actuarial at uni? I'm guessing you probably need to have received 96+ in MX2 to get the Ds and HDs though...

No, you don't. There are quite a lot of international students doing Actuarial Studies.

 

[:: ck ::]

how did you get that role?

someone gave me a link to the job application and i just applied through there ... not so much hardcore actuarial stuff it's more to do with simple unit pricing calculations in excel.. of our superannuation funds

 

[ND]

I've only met the IBers a couple of times but they are from diverse backgrounds - acst/fin and fin/math but mostly comm/law. also, to the best of my knowledge, csfb doesn't have an intern program for IB. The ones I spoke to were on some kind of scholarship (maybe uni arranged?).

Traditionally IB doesn't need such sophisticated mathematical modelling eg. fundamental analysis for M&A.

It's weird cos in the US/UK they are all finance guys.

 

[~ ReNcH ~]

It's weird cos in the US/UK they are all finance guys.

As in BCom (Fins) or BCom (Fins)/LLB?

 

[MAICHI]

I'm guessing you probably need to have received 96+ in MX2 to get the Ds and HDs though...

I know people who got Ds with low 90s in MX2. I think your decision should be based on your comparative advantage. If math was your worse subject, even if you got 95 for MX2, you would rather do law or something.

 

[§eraphim]

As in BCom (Fins) or BCom (Fins)/LLB?

I think Science/Law is an excellent degree. You can pick up a lot of finance in the right maths courses. Also, Maths is just so much fun!

 

[ND]

I think Science/Law is an excellent degree. You can pick up a lot of finance in the right maths courses. Also, Maths is just so much fun!

Yeh, but sif do law.

 

[~ ReNcH ~]

I think Science/Law is an excellent degree. You can pick up a lot of finance in the right maths courses. Also, Maths is just so much fun!

I wish I could do Science as well, but I'd probably opt for Psych instead of Maths.

Btw. do the BCom (Fins) and BSci (Maths) overlap in a lot of places, or do they tend to focus on different areas?