Career Prospects after CFA & FRM - A Comparative Analysis

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Career Prospects after CFA & FRM - A Comparative Analysis

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Career Prospects after CFA & FRM - A Comparative Analysis

  1. 1. © EduPristine – www.edupristine.com A comparative analysis of career prospects after CFA and FRM -By Sandeep Singh
  2. 2. © EduPristine | (Confidential) Overview Who does CFA/FRM ? A look into candidate profiles What is the difference between CFA and FRM? How should one decide between opting for a CFA or a FRM? Who hires CFA/ FRM ? Career benefits ? Career prospects in India & abroad How to maximize gains from financial certifications ?
  3. 3. © EduPristine | (Confidential) Who does CFA/FRM? And why do they do ? A look into candidates’ profiles • Pretty much anyone interested in capital markets or portfolio management • MBAs • CAs • Commerce Graduates • Engineers • People having experience in diverse fields including IT
  4. 4. © EduPristine | (Confidential) MBA vs CFA or MBA with CFA ? • The MBA finance degree in covers about 20% of what gets covered in the entire CFA curriculum (in terms of financial knowledge). • A MBA degree is more holistic to management as it will also cover non finance subjects like HRM, systems, marketing and general management. • CFA is a certification dedicated to the field of finance. Probably no examination is as exhaustive and comprehensive in finance as CFA is.
  5. 5. © EduPristine | (Confidential) What is the difference between CFA and FRM? • A very common question • Degrees of CFA and FRM have to be looked at compliments rather than as competing with each other • CFA teaches you the inside-out of finance, FRM is a designation which is dedicated to risk management • CFA and FRM are not standalone designations and are supposed to be complimented with either a MBA degree or work experience
  6. 6. © EduPristine | (Confidential) How should one decide between opting for a CFA or a FRM? • Efforts & time required • CFA broad based vs FRM specific • Recognition • Career tracks
  7. 7. © EduPristine | (Confidential) CFA® certification benefits • Global Recognition – More than 90,000 CFA charterholders work in over 130 countries. – Active CFA® member societies are available in more than 50 countries. – Regulatory bodies in 19 countries recognize the CFA® designation as a proxy for meeting certain licensing requirements. – Over 125 colleges and universities incorporate a majority of the CFA® curriculum into their courses. • Career Advantage – Employers recognize the CFA charterholders as the definitive standard by which to measure the competence, integrity, and dedication of serious investment professionals. • Practical Skills – The CFA Program curriculum focuses on the practical knowledge and current real-world skills necessary in the global investment management profession. These skills are immediately useful on the job. • Community – Earning the CFA charterholder places you in the company of an elite group of more than 90,000 respected investment professionals.
  8. 8. © EduPristine | (Confidential) * CFA Institute website Jobs prospects after completing CFA Program • CFA charterholder provides you with a strong foundation for a variety of career choices in the investment profession – Interested in portfolio management, investment research, advisory services, or investment banking, you will be benefited from a CFA certificate
  9. 9. © EduPristine | (Confidential) Top Employers •Bank of America Merrill Lynch Citigroup •Credit Suisse Deutsche Bank •HSBC JP Morgan Chase •Morgan Stanley Smith Barney RBC •UBS Wells Fargo Top Employers •Citigroup CRISIL Limited •Deutsche Bank Goldman Sachs •HSBC ICICI Group •JP Morgan Chase Morgan Stanley Smith Barney •Nomura State Bank of India Who hires CFA charterholder Photo from www.cfainstitute.org
  10. 10. © EduPristine | (Confidential) FRM Annual Growth ©
  11. 11. © EduPristine | (Confidential) FRM Program Annual Growth Top Companies 1. ICBC 2. HSBC 3. Bank of China 4. PwC 5. UBS 6. Citi 7. KPMG 8. Agricultural Bank of China 9. Ernst & Young 10. Deutsche Bank 11. Standard Chartered Bank 12. Credit Suisse 13. Deloitte 14. JP Morgan 15. Barclays 16. Samsung 17. ING 18. Bank of Communications 19. Bank of America 20. BBVA Top Global Banks 1. ICBC 2. China Construction Bank Corporation 3. JPMorgan Chase & Co 4. Bank of China 5. HSBC Holdings 6. Wells Fargo & Co 7. Agricultural Bank of China 8. BNP Paribas 9. Banco Santander 10. Goldman Sachs 11. Citigroup 12. Itaú Unibanco Holding 13. Banco do Brasil 14. Barclays 15. Mitsubishi UFJ Financial Group 16. Banco Bradesco 17. Crédit Agricole 18. Sumitomo Mitsui Financial Group 19. Banco Bilbao Vizcaya Argentaria 20. UBS 21. Westpac Banking Corporation 22. Groupe BPCE 23. Sberbank of Russia 24. Bank of Communications 25. Société Générale Top Global Asset Management Firms 1. BlackRock 2. SSgA 3. Fidelity Investments 4. Vangaurd Group 5. J.P. Morgan Asset Management 6. PIMCO 7. BNY Mellon Asset 8. Capital Research & Management Co 9. Amundi 10. Goldman Sachs 11. Prudential Financial 12. Deutsche Asset Management 13. AXA Investment Managers 14. BNP Paribas 15. Legg Mason Inc. 16. Franklin Templeton Investments 17. Northern Trust 18. Wellington Management 19. Invesco 20. MetLife Inc. Top Global Insurance Companies 1. AXA Equitable 2. Allianz 3. Metlife Inc. 4. Prudential 5. AIG 6. Generali Group 7. Legal & General Group 8. Aviva 9. Manulife 10. AEGON 11. CNP Assurances 12. Berkshire Hathaway 13. Zurich Insurance 15. Ping An Top Global Hedge Funds 1. Bridgewater Associates 2. Man Group 4. Brevan Howard Asset Management 5. Och-Ziff Capital Management Group 6. BlueCrest Capital Management 8. J.P. Morgan 9. Credit Suisse 10. BlackRock Top Global Professional Service Firms 1. PricewaterhouseCoopers 2. Deloitte & Touche 3. Ernst & Young 4. KPMG ©
  12. 12. © EduPristine | (Confidential) Career Prospects in India & Abroad India (Mumbai/Pune/NCR/Bangalore/Chennai) CFA specific • Captives of investment banks • Private Banks • Buy-side firms • Equity/economic research • Market analytics • PE-VC firms FRM Specific • Auditing firms • Treasury departments • Credit Risk Management in banks • Risk Analytics Quantitative finance roles (Algo trading /hedge funds etc) ? Abroad • Gulf & Singapore is easier to crack • USA/UK/Hong Kong/Aus is tougher due to visa restrictions and gloomy market scenario
  13. 13. © EduPristine | (Confidential) How to maximize gains from financial certifications ? In general, maximizing career benefits from certifications • Exploring communities • Building on industry knowledge • Building on macro-economic knowledge • LinkedIn • Networking via college seniors/alumni or relatives is a must • Focused job sites • Added skills like excel, VBA, macro
  14. 14. © EduPristine | (Confidential) Questions/Queries?
  15. 15. © EduPristine – www.edupristine.com Thank You ! Visit Us On: http://www.edupristine.com/ca Contacts Us: help@edupristine.com support@edupristine.com Follow Us On: http://www.facebook.com/edupristine Subscribe To: http://www.youtube.com/user/edupristine

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