09-21-2011, 01:57 AM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by accafinalist009</i>
<br />DxB.Raf you are really helping us a lot man.. I have a query too and would be glad if you answer it..
Actually i am interested in investment banking and I have cleared 11 papers of ACCA and would be pursuing cfa after my acca studies the question here is that I want to settle finally in Dubai so what should i do should i do some internships over here in investment banking and then come to dubai and pursue cfa or what should I do should I come to dubai as a fresh acca affiliate, I am really not interested in audit and wont be trying my luck in big4s so what should i do?
Thanx in advance.
Take Care.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
First of all Investment Banking is a very lucrative and specialized field. You are correct, audit has nothing to do with it. Most of the activities in investment banking involves financial decision making using easiest to complex financial models. CFA is a treasury specific qualification. Although it does have some relevancy with investment banking. Check FRM qualification. It is more directly relevant to investment banking.
As i have mentioned before, coming here without experience is never recommended. The competition is so fierce that even experienced professionals are working for low salaries just to stay and wait for the recession to pass. This means fresh grads hardly have any place in the market. Only the BIG4s hire fresh grads now. Industry has much better choices for even lowest level jobs. 3 years experience is considered only for entry level jobs.
The banking industry in Pakistan is robust, regularized and vast. There is a chance that you can get a trainee level position in these banks in the investment banking department. It will not be that easy. Last time i was applying in banks in Pak, Internal Audit was the only department that had openings and it is the most boring place to be.
<br />DxB.Raf you are really helping us a lot man.. I have a query too and would be glad if you answer it..
Actually i am interested in investment banking and I have cleared 11 papers of ACCA and would be pursuing cfa after my acca studies the question here is that I want to settle finally in Dubai so what should i do should i do some internships over here in investment banking and then come to dubai and pursue cfa or what should I do should I come to dubai as a fresh acca affiliate, I am really not interested in audit and wont be trying my luck in big4s so what should i do?
Thanx in advance.
Take Care.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
First of all Investment Banking is a very lucrative and specialized field. You are correct, audit has nothing to do with it. Most of the activities in investment banking involves financial decision making using easiest to complex financial models. CFA is a treasury specific qualification. Although it does have some relevancy with investment banking. Check FRM qualification. It is more directly relevant to investment banking.
As i have mentioned before, coming here without experience is never recommended. The competition is so fierce that even experienced professionals are working for low salaries just to stay and wait for the recession to pass. This means fresh grads hardly have any place in the market. Only the BIG4s hire fresh grads now. Industry has much better choices for even lowest level jobs. 3 years experience is considered only for entry level jobs.
The banking industry in Pakistan is robust, regularized and vast. There is a chance that you can get a trainee level position in these banks in the investment banking department. It will not be that easy. Last time i was applying in banks in Pak, Internal Audit was the only department that had openings and it is the most boring place to be.
