What are the possible career choices for a CFA candidate? I am not interested in research, although I think I can be a good analyst. I want to manage money. Yeah I know who doesnt, right? Anyone has any serious advice? Please no sarcasm.
Back office.
Call center
Plastics
I currently work in the accounts payable audit department of a small midwestern satellite office of a large global conglomerate in their grommet manufacturing subsidiary. We try to maintain strong relationships with our suppliers so I am getting the CFA® Designation to make sure we have the right amount of interest or discount in our invoices. Also - i believe the designation will enable me to spot potential inefficiencies in our financial processes and opportunities to enhance our risk management system. And because I am sure you were going to ask - our grommets are used in shower curtains and duffel bags. That helpful?
Janitorial Services
You take what you get. No choices in this market
riyaz Wrote: ------------------------------------------------------- > What are the possible career choices for a CFA > candidate? Anything from professional dog walker to fortune 500 CFO. Having a CFA doesn’t really narrow down the possibilities. > > I am not interested in research, although I think > I can be a good analyst. I want to manage money. *sound of record scratching, music stops* wait what? You are not interested in research, but you want to manage money? Unless you just plan on holding 100% cash in all of your portfolios, how are you going to know where to invest unless you do some research??? If you’re not interested in research, you will be a terrible analyst, and probably a terrible money manager (unless you are trading on inside information!). The best analysts are obsessed with research - they are like detectives. They have to know the answer to every question and be able to diagram all potential potentialities. Any amount of data, no matter how much, is never enough data. The best analysts are people who incorporate research into every facet of their lives. For example, if you are buying a new digital SLR camera, you’re going to have a 500 row spreadsheet with all the nitty gritty details between all the different models before you make a decision. You’ll read countless reviews, both positive and negative. You’ll look up and understand all lens terminology, such as depth of field, focal length, aperture, etc. etc. And even when you finally make the decision, you’ll still keep researching it just to make sure you did. > Yeah I know who doesnt, right? > Not everyone wants to be a money manager. Why do you want to manage other people’s money? Do you really think that you’re going to be better than the average manager, after management fees? Or do you think being a money manager is just an easy way to get rich and drive a fancy car? It’s not. There are only two ways to get rich without much work: commit a crime, or inherit. The best is to have your parents commit the crime, and then you inherit. > Anyone has any serious advice? Please no sarcasm. Serious advice? Don’t force yourself into finance if you don’t enjoy it. When push comes to shove, you’ve got to do what you love, even if it’s not a good idea.
> I am not interested in research, although I think > I can be a good analyst. I want to manage money. I think Edward Jones has some openings posted on the CFAI website…
I think Amit, Riyaz and Pawn are one. The A-R-P.
charlottekid Wrote: ------------------------------------------------------- > I think Amit, Riyaz and Pawn are one. The A-R-P. +3
If you have to ask, then you’re doing things out of order. It’s like getting an MBA, graduating, and then saying “what do I want to do when I grow up?”
Don’t do ALM for a bank… it’s accounting work that pays nice because no-one else would ever want to do it. It’s like cleaning out the toilets in an amuzement park.
charlottekid Wrote: ------------------------------------------------------- > I currently work in the accounts payable audit > department of a small midwestern satellite office > of a large global conglomerate in their grommet > manufacturing subsidiary. We try to maintain > strong relationships with our suppliers so I am > getting the CFA® Designation to make sure we > have the right amount of interest or discount in > our invoices. Also - i believe the designation > will enable me to spot potential inefficiencies in > our financial processes and opportunities to > enhance our risk management system. And because I > am sure you were going to ask - our grommets are > used in shower curtains and duffel bags. > > That helpful? haha…good sense of humor.