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Careers in Finance
Careers in Finance
Careers in Finance
Careers in Finance
Careers in Finance
Careers in Finance
Careers in Finance
Careers in Finance
Careers in Finance
Careers in Finance
Careers in Finance
Careers in Finance
Careers in Finance
Careers in Finance
Careers in Finance
Careers in Finance
Careers in Finance
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Careers in Finance

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Transcript

  • 1. Careers in Finance By: Lorcan Kilmartin & Ron Mandel
  • 2. Introduction
    • Canadian Securities Institute – CSC, CIM
    • Overview of well known designations
    • Investment Banking
    • Sales & Trading
    • Research
    • Private Equity
    • Asset Management
    • How much money?
  • 3. Canadian Securities Course (CSC)
    • A self-study program offered by the Canadian Securities Institute
    • Covers:
      • Financial service industry
      • Fixed income securities, equities, mutual funds
      • Derivatives
      • Factors influencing market process of securities, and the economy
    • CSC is typically taken by:
      • Bank and trust company advisors, mutual fund advisors, professional accountants, insurance agents, business students, and individual investors
  • 4. Canadian Securities Course (CSC)
    • Benefits:
      • Demonstrate to prospective employers you are serious in your career
      • Launch a financial services career by fulfilling one of the required steps for registration to sell mutual funds or securities
      • The course is a requirement to become registered as a full-service Investment Advisor or broker
      • Enhance financial planning expertise with a deeper understanding of investment products and financial markets
  • 5. Canadian Investment Manager (CIM)
    • Exciting time to become a discretionary money manager
    • Benefits:
      • Build expertise to provide money management services to high-net-worth and institutional clients
      • Understand the application of portfolio management in the context of Canadian markets and regulatory requirements
      • Identify clients' objectives and constraints
      • Develop appropriate investment policies and strategies, taking into consideration market and economic conditions
  • 6. Canadian Investment Manager (CIM)
    • To earn the CIM designation, you must complete:
      • Canadian Securities Course
      • Investment Management Techniques
      • Portfolio Management Techniques
    • Who should enroll:
      • Senior investment advisors, investment counselors
      • Portfolio managers, research analysts
      • Investment Strategists, senior equity traders
  • 7. Chartered Financial Analyst (CFA)
    • Offered by the CFA Institute
    • Entrance Requirements:
      • U.S. Bachelor’s (or equivalent) degree or four years of qualified, professional work experience
    • The curriculum develops a fundamental knowledge of investment principles
    • Three levels of examination
    • One of the harder designations to attain
  • 8.  
  • 9. A Few More Designations
    • Chartered Accountant (CA)
    • Certified General Accountant (CGA)
    • Certified Management Accountant (CMA)
    • Certified Financial Planner (CFP)
  • 10. Investment Banking
    • Investment Banking Division
      • Transactions include mergers, acquisitions, divestitures, the issuance of equity or debt capital, or a combination of these.
    • Sales & Trading Division
    • Research Division
  • 11. Private Equity
    • Money is raised from qualified investors such as pension funds, financial institutions and wealthy individuals
    • PE firms typically hire junior professionals to:
      • model out transactions & perform due diligence
    • PE firms generate returns by:
      • 1. acquiring companies
      • 2. taking them private
      • 3. restructuring them and then taking them public or selling them
    • Better hours and compensation than in Investment Banking
  • 12. Venture Capital
      • Evaluate companies and business plans
      • Create strategies based on market trends
      • Make deals
      • Recruit the executives to head the businesses they fund
      • Sit on boards and advise the companies they fund
      • A lot of networking
  • 13. Asset Management
    • Hedge Fund Management
        • Goal: Manage return versus risk
      • Advantages
        • Work on a variety of tasks
        • Relaxed, academic-like atmosphere
      • Disadvantages
        • Relatively narrow window of expertise
        • View of world is very different from non-hedge fund entities
        • A lot of new hedge funds out there
  • 14. Asset Management
    • Mutual Funds and Money Managers
      • Mutual funds: manage assets for retail investors
      • Money managers: Manage assets for institutional investors such as pension funds, insurance companies, universities
    • Major funds and money managers include:
      • Equity: Fidelity, Alliance Capital, Vanguard, Putnam
      • Bonds: Federated, Nuveen, PIMCO, BlackRock
  • 15. Careers in Finance
    • Corporate Finance
      • Two key functions: accounting and finance:
      • Accounting concerns itself with day-to-day operations - balancing the books, tracking expenses and revenue, executing payroll, and paying the bills, compiling financial data for financial statements
      • Finance concerns itself with analysing revenue and expenses to ensure effective use of capital, looking at project costs, making capital investments, structuring deals to help the company grow
  • 16. Salaries 10+ years $300K and up $750K - 70MM Department head 7-10 years $200K and up $400K - 20MM Managing Director / Partner 5-10 years $200K - 600K $300K - 1.2MM Director / Principal 3-8 years $150K - 500K $250K - 1MM Associate Director 3-6 years $100K - 400K $250K - 800K Vice President 2-4 years $75K - 120K $200K - 600K Assistant Vice President MBA $120 - 250K $150 - 450K Third Year Associate MBA $70K - 150K $125K - 235K First Year Associate Bachelor's $70K - 150K $80K - 200K Third Year Analyst Bachelor's $30K - 70K $60K - 110K First Year Analyst Prerequisite (degree/yrs experience) Regional Player Bulge Bracket Job Level Salaries in Investment Banking (with bonus)
  • 17. Conclusion
    • There are many more finance related jobs
    • Some require only a bit of formal education while others demand significant amounts
    • Salaries range from alright to admirable to amazing
    • If you want to learn more, check out
      • Vault.com
      • Wetfeet.com

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