in Capital Markets. I know both are different yet both require CFA as a supplement…If you have interest and have potential for either, which position would you apply to and why? Also considering marketability, challenge and salary? Is there an in btwn? This is a serious Q so pls save ur negativeness, but I will take constuctive inputs.
Check out the responsibilities of a compliance officer and you know you’d rather die than do that.
Yeh, I think a financial analyst position would be mroe itneresting, and can have more avenues you can diverge off into. Although I must admit, I know very little about compliance officers work, just that they used to hound us a bit at Goldies
mcpass has said it all. You should try to meet with a real compliance officer before you decide.
mcpass has said it all. You should try to meet with a real compliance officer before you decide.
I have a good friend that is a CCO. Compliance is something you have to have the right personality for. I would try to find someone to talk to before you even thought about it seriously, because it takes a lot of work to move up the food chain and it would suck to spend years slaving to wake up one day and hate your gig. You can, however, earn a good living and have a steady paycheck if that is what you are after. And its not like the need for compliance will be decreasing anytime soon…
mcpass Wrote: ------------------------------------------------------- > Check out the responsibilities of a compliance > officer and you know you’d rather die than do > that. +1 thread over.
Removing the top 1% earners from the pool, who do you think, on average, makes more money compliance or financial analysts?
financial analyst is such a general term. Lots of different varied positions can be a financial analyst
I would guess compliance officers make more simply because they have to pay to attract talent to that dept whereas many of us want to be analysts.
Who cares? The bottom 99% are losers. LBriscoe Wrote: ------------------------------------------------------- > Removing the top 1% earners from the pool, who do > you think, on average, makes more money compliance > or financial analysts?
Thanks guys!! Will do some homework on this…
I think you should describe the FA position further so we have a better understanding of what you’re comparing the compliance gig against.
Posting the question in this forum will obviously result in highly biased responses. Pros: Decent hours 8-9 hrs a day Is relatively recession proof Pay is relatively decent Not very stressful The NASD License exams are alot easier than the CFA Cons: Will noever able to receive F U money Repetitive work Work is rule based as opposed to analytically based.
I think accountants would make good compliance drones, follow the rules, do what you are told. Makes most of us sick just thinking about it.
what is F U money? macrie69 Wrote: ------------------------------------------------------- > Posting the question in this forum will obviously > result in highly biased responses. > > Pros: > > Decent hours 8-9 hrs a day > Is relatively recession proof > Pay is relatively decent > Not very stressful > The NASD License exams are alot easier than the > CFA > > Cons: > > Will noever able to receive F U money > Repetitive work > Work is rule based as opposed to analytically > based.
Different people have different definitions of F U money. For me its anything over $500k/year
For me its being able to retire by the time I am 50. Probably could do that if I made 175k untill than. So that is my version of F U Money.
my version of F U money is having as much as 50cent. Just saw that guy on cribs, like one of the biggest mansions in US, 2000 people dance club at his house, 8 ferrari’s, etc.
what is FU money?