01-03-2004, 03:38 AM
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salaam all
hi derivativetrader, its really heartening tht u found my reply useful.
i totally agree with u tht further studies b persued only whn needed. but here in pakistan, the situation is tht masters degree iz almost virtually a must even for entry level jobs. let me add one more thing, many (almost all) business schools offer their bachelors-degree-holders a direct n uninterrupted entry into masters (MBA) program!!! ie, their BBAs can continue their MBA in a one-go without ne further prob. so u c, how imp a masters degree iz!!! u will hardly find ne job/vacancy tht addresses graduate/BBA degrees. a masters degree in the respective field is explicitly required by the companies. but dont worry abt other additional qualifications like CFA, ACII etc. these things r not compulsory for starting an entry level job. once u r in the business n have gained some 4-5 yrs exposure, thn these CFA becomes a very big plus bt it is not a must for starting job. in pakistan, let me clear u one thing tht CFA or ACII have a bit restricted domain as compared to ACCA, ACA, CIMA, CMA etc. u find CFAs only in financial institutes or some investment sectors. the reason might b tht volume of pakistani business activities is very small as compared to UK/USA/europe. most of the CFAs leave pakistan after completion. i dont discourage u from CFA. bt i just wanna show u the real picture. ur graduation from LSE n ur articleships with such big names will definetly get u good jobs in pakistan. bt remember tht u WILL need masters (MBA etc) for further promotions. u can get enrolled in ne good business school here, they dont need ne work experience at all. u can do it in evening/weekend session alongwith the job. i just wanna tell u tht employers in pakistan r damn conscious abt degrees. they can even prefer an average-GPA-holder-MBA over an excellent-GPA-holder-BBA person!!! plus, they r also conscious abt the institute from where u got ur masters degree!!! a person with just-average-GPA from a good-but-not-best-institute iz refered over a person with 3+GPA from an average-but-not-best-institute even if tht is recognized by the higher education commision n is a degree awarding institute!!! i literally dont wanna degrade pakistan at all but, fortunately or un4tunately, i can dare call spade a spade. the reason for all these weird things might b tht pakistan has very small business activities n ppl here have very limitted opportunities. so the employers demand for more n more n more ... from us 2 get the best cream out of us. these r the ground realities here n no one can deny it. u can confirm it from ne1 else on this forum as well.
so i suggest u tht if u wanna start career in pakistan thn do think seriously abt doing masters. u can postpone ur CFA if u think so bcoz CFA will not b a must in the initial jobs but a masters degree will b a real asset. after ur masters, u can do CFA at ur own pace without ne obligation from ur employers.
by the way, mr. derivativetrader, may i ask u one personal question??? why do u want 2 start ur career in pakistan??? ppl here in pakistan r always busy to quit this country as early as possibly, in the first-available-chance, for ever!!!! so will u let us all know wht do u think abt it n wht ur views r in comming back 2 pakistan??? it shall b valuable for many of us.
in the end, i say it again tht these r just my views n observations, u can disagree with me, i m not a pessimist but not an optimist as well. some other ppl might give u a different answer after "window-dressing" ... so make ur own decision.
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FARHAN
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Totally agree with Farhan...
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However, I am still not convinced with the argument that the 'Entry Level Graduate Positions' in Pakistani Investment Banks require one to have done additional qualifications on top of traditional Bachelors. I am afraid, this is certainly not the case here in the UK and I am also quite sure about the USA as well. Here, they only ask for a good bachelors result consolidated with excellent working qualities / skills. And having said this, the remuneration packages are also one of the best in the sector. In some instances, the starting salary for a Investment Analyst working for top-tier investment bank could be more than a qualified chartered / management accountants and even more than a qualified actuary. No Gimmicks, but the matter of fact!
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The Investment Sector is an arena of toys where you get to play with a lot of stuff... No doubt the starting salary for an Investment Analyst might be huge, but probably not more than that of an Actuary atleast in USA... Below is the link that justifies my statement...
http//www.beanactuary.com/news/hotjobs.cfm
http//www.beanactuary.com/onthejob/best_job.cfm
However, CFAs definitely have an upper hand in the Investment sector than Actuaries, so you might have been stating according to that.
Edited by - sumaaan on Jan 02 2004 104046 PM
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salaam all
hi derivativetrader, its really heartening tht u found my reply useful.
i totally agree with u tht further studies b persued only whn needed. but here in pakistan, the situation is tht masters degree iz almost virtually a must even for entry level jobs. let me add one more thing, many (almost all) business schools offer their bachelors-degree-holders a direct n uninterrupted entry into masters (MBA) program!!! ie, their BBAs can continue their MBA in a one-go without ne further prob. so u c, how imp a masters degree iz!!! u will hardly find ne job/vacancy tht addresses graduate/BBA degrees. a masters degree in the respective field is explicitly required by the companies. but dont worry abt other additional qualifications like CFA, ACII etc. these things r not compulsory for starting an entry level job. once u r in the business n have gained some 4-5 yrs exposure, thn these CFA becomes a very big plus bt it is not a must for starting job. in pakistan, let me clear u one thing tht CFA or ACII have a bit restricted domain as compared to ACCA, ACA, CIMA, CMA etc. u find CFAs only in financial institutes or some investment sectors. the reason might b tht volume of pakistani business activities is very small as compared to UK/USA/europe. most of the CFAs leave pakistan after completion. i dont discourage u from CFA. bt i just wanna show u the real picture. ur graduation from LSE n ur articleships with such big names will definetly get u good jobs in pakistan. bt remember tht u WILL need masters (MBA etc) for further promotions. u can get enrolled in ne good business school here, they dont need ne work experience at all. u can do it in evening/weekend session alongwith the job. i just wanna tell u tht employers in pakistan r damn conscious abt degrees. they can even prefer an average-GPA-holder-MBA over an excellent-GPA-holder-BBA person!!! plus, they r also conscious abt the institute from where u got ur masters degree!!! a person with just-average-GPA from a good-but-not-best-institute iz refered over a person with 3+GPA from an average-but-not-best-institute even if tht is recognized by the higher education commision n is a degree awarding institute!!! i literally dont wanna degrade pakistan at all but, fortunately or un4tunately, i can dare call spade a spade. the reason for all these weird things might b tht pakistan has very small business activities n ppl here have very limitted opportunities. so the employers demand for more n more n more ... from us 2 get the best cream out of us. these r the ground realities here n no one can deny it. u can confirm it from ne1 else on this forum as well.
so i suggest u tht if u wanna start career in pakistan thn do think seriously abt doing masters. u can postpone ur CFA if u think so bcoz CFA will not b a must in the initial jobs but a masters degree will b a real asset. after ur masters, u can do CFA at ur own pace without ne obligation from ur employers.
by the way, mr. derivativetrader, may i ask u one personal question??? why do u want 2 start ur career in pakistan??? ppl here in pakistan r always busy to quit this country as early as possibly, in the first-available-chance, for ever!!!! so will u let us all know wht do u think abt it n wht ur views r in comming back 2 pakistan??? it shall b valuable for many of us.
in the end, i say it again tht these r just my views n observations, u can disagree with me, i m not a pessimist but not an optimist as well. some other ppl might give u a different answer after "window-dressing" ... so make ur own decision.
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FARHAN
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Totally agree with Farhan...
<BLOCKQUOTE id=quote><font size=1 face="Verdana, Tahoma, Arial" id=quote>quote<hr height=1 noshade id=quote>
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However, I am still not convinced with the argument that the 'Entry Level Graduate Positions' in Pakistani Investment Banks require one to have done additional qualifications on top of traditional Bachelors. I am afraid, this is certainly not the case here in the UK and I am also quite sure about the USA as well. Here, they only ask for a good bachelors result consolidated with excellent working qualities / skills. And having said this, the remuneration packages are also one of the best in the sector. In some instances, the starting salary for a Investment Analyst working for top-tier investment bank could be more than a qualified chartered / management accountants and even more than a qualified actuary. No Gimmicks, but the matter of fact!
</font id='Verdana'>
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
The Investment Sector is an arena of toys where you get to play with a lot of stuff... No doubt the starting salary for an Investment Analyst might be huge, but probably not more than that of an Actuary atleast in USA... Below is the link that justifies my statement...
http//www.beanactuary.com/news/hotjobs.cfm
http//www.beanactuary.com/onthejob/best_job.cfm
However, CFAs definitely have an upper hand in the Investment sector than Actuaries, so you might have been stating according to that.
Edited by - sumaaan on Jan 02 2004 104046 PM
