Advice

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abdullasm's picture

I am a software engineer trying to break into the finance industry. I am 29 years old. My plan is to work at a mutual fund for a few years as a mutual fund analyst and then start my own investing company. I intend to look for a mutual fund analyst job after giving my CFA. I love analyzing stocks and investing.
Please let me know if this is practical and if so what carrier path and courses should I take to accomplish the same.

Thanks

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brianr's picture

Hmm… I smell werk….

cfa_mba's picture

Why do you want to move into an area that is bleeding?

Do you have any idea what you are trying to do?

JohnThainsLimoDriver's picture

My plan is to become a hedge fund manager and making $10 million a year. I love stocks and investing too. Maybe I’ll do that after I win the World Series with the Yankees.

Mona8835's picture

you guys are horrible. he’s asking for advice and you’re being cynical and of course sarcastic! >=P

JohnThainsLimoDriver's picture

What are you wearing?

Mona8835's picture

Go look at the paint dry John!!!! and keep to the topic before Chad banned ur crazy (_Y_)!!!!!

brianr's picture

Mona8835 Wrote:
——————————————————-
> you guys are horrible. he’s asking for advice and
> you’re being cynical and of course sarcastic! >=P

I think JTLD was serious about the world series part.

brianr's picture

Mona8835 Wrote:
——————————————————-
> Go look at the paint dry John!!!! and keep to the
> topic before Chad banned ur crazy (_Y_)!!!!!

She’s putty in your hands.

Mona8835's picture

don’t encourage his insanity brian!

JustPass's picture

You have a long road ahead of you but its not impossible. First things first, are you registered for any CFA exams? This may be a good test of your conviction for pursuing your goals and will teach you some basic stuff and maybe focus your attention on a particular area of interest. Obviously, you are going to need to get your foot in the door at an asset manager and it is hyper-competive (even in normal times) and many people your age will likely have an experience, credential and network edge over you. It will be a ton of work for sure and will require sacrifices and a bit of good luck.

Mona8835's picture

JustPass Wrote:
——————————————————-
> You have a long road ahead of you but its not
> impossible. First things first, are you
> registered for any CFA exams? This may be a good
> test of your conviction for pursuing your goals
> and will teach you some basic stuff and maybe
> focus your attention on a particular area of
> interest. Obviously, you are going to need to get
> your foot in the door at an asset manager and it
> is hyper-competive (even in normal times) and many
> people your age will likely have an experience,
> credential and network edge over you. It will be
> a ton of work for sure and will require sacrifices
> and a bit of good luck.

(((Applaud)))

TJR's picture

If you really want to pursue this career then network like crazy and get a CFA and/or a top ten MBA.

The real question is why in the world would you want to do this? The way the market is right now you have an extremely tough road to travel. I’d be careful you have to at least prepare for the possibility that you’ll spend 5 years of your life working for something that you’ll never get. All the while neglecting an awesome career where you actually get to build/create things and get paid a $hit load of money to do it.

JohnThainsLimoDriver's picture

Mona8835 Wrote:
——————————————————-
> Go look at the paint dry John!!!! and keep to the
> topic before Chad banned ur crazy (_Y_)!!!!!

Is that how yours looks like?

Mona8835's picture

go hit on Karen.

SkipE99's picture

im gonna puke right about now

Mona8835's picture

i’m with you. pass the bucket once you’re done.

storko's picture

I think you should transition by obtaining an MBA.
Alot of people do it that way, and they are all old like you.

needhelp's picture

abdullasm Wrote:
——————————————————-
> I am a software engineer trying to break into the
> finance industry. I am 29 years old. My plan is to
> work at a mutual fund for a few years as a mutual
> fund analyst and then start my own investing
> company. I intend to look for a mutual fund
> analyst job after giving my CFA. I love analyzing
> stocks and investing.
> Please let me know if this is practical and if so
> what carrier path and courses should I take to
> accomplish the same.
>
> Thanks

and Ryan Secrest is straight.

yer welcome.

There are only two tragedies in life: one is not getting what one wants, and the other is getting it - Oscar Wilde

arbitageur's picture

i think asset management is still an essential service. funds will probably start flowing in, in a couple of years.

BosyBillups's picture

I advise just starting a mutual fund right now. Period. Start it. Seriously, now. Do it! Start NOW!

Mutual FUND!

Mutual FUN!

FUN FUN FUN!

MUTUAL FUNDS ARE FUN FUN FUN!

seriously, start it.

Mona8835's picture

LMAO!! ROTFL!!! I can’t take this anymore.. too freaking hilarious!!!

needhelp's picture

Mona8835 Wrote:
——————————————————-
> LMAO!! ROTFL!!! I can’t take this anymore.. too
> freaking hilarious!!!

is 88 your year of birth and 35 boob size?

There are only two tragedies in life: one is not getting what one wants, and the other is getting it - Oscar Wilde

Mona8835's picture

no pendejo.

arbitageur's picture

35 is not a boob size

philip.platt's picture

abdullasm Wrote:
——————————————————-
> I am a software engineer trying to break into the
> finance industry. I am 29 years old. My plan is to
> work at a mutual fund for a few years as a mutual
> fund analyst and then start my own investing
> company. I intend to look for a mutual fund
> analyst job after giving my CFA. I love analyzing
> stocks and investing.
> Please let me know if this is practical and if so
> what carrier path and courses should I take to
> accomplish the same.
>
> Thanks

I don’t think you are going to have time for courses + CFA exams.

Just sign up for the December L1 2009 exam, see how you do and go from there.

note: just because it doesn't make sense doesn't mean that it's not merry.

KarenC's picture

Mona8835 Wrote:
——————————————————-
> go hit on Karen.

What did I ever do to you??? - don’t encourage the guy

sbmarti2's picture

If you’re already a software engineer, I assume you know things like VBA and Excel really well. Once you get level one and possibly even level 2 under your belt, you should look for contract work or a job doing financial modelling. It’s not fund management, but in your current state it’s probably the easiest way to break into the industry. Then you’ll have more experience to become an analyst, etc.

It’ll be a difficult road, but some consolation is it’ll be a couple years before you’re qualified for a job anyway, so hopefully there will be more opportunity out there.

Good luck!

I can resist anything but temptation ~ Oscar Wilde

kevin0118's picture

Hi,

I’m a buy-side stock analyst and currently trying to break into the software engineering world. I plan on writing a program/app/software that is just as successful as EBAY and Facebook, would going to MIT help?

Thanks!

dlpicket's picture

kevin0118 Wrote:
——————————————————-
> Hi,
>
> I’m a buy-side stock analyst and currently trying
> to break into the software engineering world. I
> plan on writing a program/app/software that is
> just as successful as EBAY and Facebook, would
> going to MIT help?
>
> Thanks!

+1 Brilliant

brianr's picture

kevin0118 Wrote:
——————————————————-
> Hi,
>
> I’m a buy-side stock analyst and currently trying
> to break into the software engineering world. I
> plan on writing a program/app/software that is
> just as successful as EBAY and Facebook, would
> going to MIT help?
>
> Thanks!

Start with that DVD being hocked on those CNBC ads… he cannot guarantee you’ll make a fortune selling an attic of old baseball cards but he can show you how to obtain your CFA charter.

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