Thursday, May 31, 2012

Newsletter: Expert answers to critical CFA questions

eFC.com
Hiring and pay trends in banking, finance and securities 31 May 2012
TOP STORIES
The Hedgie: Think the buy side is a barrel of laughs compared with banking? Try working for a hedge fund
A year ago the hedge fund I work for still had a number of bold plans: launching more funds with different strategies, strengthening the control department, and expanding the IT team to prepare for an expected increase in trading volume. However, thanks to the poor market performance from the second half of 2011 onwards, nearly all of these ambitions have been shrunk or put on hold.
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Expert answers to critical questions about the CFA
Neil Govier, managing director of financial training firm 7city, answers CFA questions from eFinancialCareers readers in Asia Pacific.
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The Runaway MBA: Insecurity and immaturity made me join the MBA masses. Don't make the same mistake
As my career progressed I earned a well-respected master's degree specialised to my industry. But as I applied for new roles and spoke to recruiters, I realised that this degree was of little value in securing interviews. They wanted someone with an MBA. Eventually, after enough recruiters and leaders that I admired criticised me, I found myself taking the GMAT and applying to schools.
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It's still possible to move from the back to the front office, especially in Asia, says a finance professor
Stoyan Stoyanov, PhD, professor of finance at EDHEC Business School, talks to eFinancialCareers about the growing hiring appetite for professionals in risk and investment management in Asia.
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Having a global boss based in Asia could be very good for your career
The past couple of months have seen some investment banking heads relocate to Asia from the West. It's easy to see why; after all the region has been repeatedly described as the engine of growth. Having your top people here truly matters from a business standpoint.
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