Are you looking for careers advice? This post is for you.
I get calls from people asking questions like, “Should I go for MBA or CFA?”, “I am a graduate, and do I need to complete MBA to get into Financial Modeling career?”
I have answers to all these questions and this post will cover the basic questions which always confuse the mind of a student and stop them from taking informative decisions.
Do you want to make a career in financial modeling?
Let me congratulate you for considering these career options. These career options are high in demand and there is an acute skill shortage. In other words, there is a demand which you can fulfill and build a successful career graph.
Financial Modeling as a skill set is required for credit rating agencies, equity research, investment banks, research houses, mutual funds, financial KPO’s and project finance companies. Financial modeling is a holistic field of expertise that caters to the need of investors for in-depth knowledge, based on both facts and assumptions as to whether investment in a certain company will be profitable or not.
The applications of these skill sets are immense and so, one must gain in-depth knowledge of these skills and hands-on experience to make career in financial modeling.
Now, let’s get back to the questions we started with in the beginning.
You may be interested in reading CFA Vs. MBA Vs. FRM ( Top Guide )
Should I go for MBA or CFA?
If you are thinking of making a career in management, go for MBA and if you want to study finance, go for CFA. Both educational qualifications can get you a job in the financial analysis and research sector.
Full time MBA shapes your personality as you interact with the faculty, other like-minded people and take part in group submissions.
In first year of MBA, you will learn general subjects. In second year, you can focus on one or two subjects and do the specialization.
On the other hand, CFA program is focused on Financial Analysis and covers subjects like Portfolio Management, Equity, Derivatives and Fixed Income, in detail.
Though it totally depends on the person whether he/she should go for MBA or CFA, some of the deciding factors are the person’s liking, the ability to study independently, available time and monetary condition.
Either of the courses is sufficient to you started in financial modeling.
Do I need to complete MBA to get into a jobs in Financial Analysis?
You do not need to complete MBA to get into financial modeling careers.
There are many specialized programs which focus on financial modeling in detail and are recognized in market. Such programs focus on knowledge and practical that equips you with confidence and skill set.
In short, they offer specializations which prepare you for the job in future. Some of them even have tie-ups with good companies and can get you placements.
Is Training Necessary?
To get into financial modeling career jobs, you need to learn financial modeling and go for Best Financial Course, and practice it. You need to decide which program is suitable to you and whether you are passionate and committed to put in the required hard work.
If you fit in the eligibility criteria and have the right mindset required for such careers, there are excellent programs available in Financial Training.
There is a huge demand of finance professionals having such necessary skill sets and with the right network, education, skill, experience and knowledge, you can expect good offers from companies.
So!! Are you excited to make a career in Financial Modeling? Do let me know and/or share your concerns below.