I have 5+ years of experience in Software Development field. Zero knowledge or experience in the finance domain.
Will CFA Certification help me to some extent in landing up into Finance world? How are the job avenues going to turn out in my case?
Please guide.
Don’t waste your time.
The best you may get is to land a job at a CRO in India. The research dept of big banks somtimes outsource some of the menial jobs to India
It’s possible. MBA from a Top school would be your bet. However you would be better off doing a Masters in CS or Analytics in the US and you would make the same money when adjusted for hours,stress and uncertainty in Finance.
That’s very unpolite to say the least.
(i) Only CFA won’t do as you have pretty high work ex(probably), mix it with MBA
(ii) Be ready to get a pay cut as your previous work ex won’t add value to the new employer
(iii) Keep the fire burning, no matter what other says. If you want to be in Finance, be there
Above comments already answered your question… here is my take.
You are a Software Developer? That is not IT is it? I mean IT just sounds too low almost like Back Office low. But software develpers do very well in the US. Come to the US and get a job as a developer in Seattle (MSFT, Amazon, Zillow, Expedia, Boeing) or San Fran (too many to list).
Look, starting salary for developers at MSFT is 88k. Few college friends work for MSFT right now making 120k base in Redmond, WA. 120k in Redmond is probably close to 200k base in NYC. Their work hours? 10AM-6PM. Free shuttle, free food from over 6 in-campus restaurants. Now why would you want to go to the finance route and start from BO and even if you make it to FO…no guarantee you will make millions while slaving away. I would much rather work 10-6 in Redmond and after few years of paying $800 rent per month, buy a million dollar house in mid 20s overlooking Lake WA.
I have done it, and I find it useful. There is plenty of work at the juncture of finance and software, and I think a charter adds value there.
Is it worth the effort? maybe not, if you are not sufficiently interested in the material itself.
if itera can do it, so can you
This is, like, the 4th most popular question from India.
#AnalystForumFAQs
No.
There are actually a lot of engineers who move to tech IB or equity research. The problem is that there are so many engineers that these people who move are still a tiny minority…
Join Facebook as Software Engineer
Retire Rich
Yup i agree hence my post up there ^^
I’m pretty sure most FO finance people still make (significantly) more than engineers at FB or similar. There are, of course, other tradeoffs in terms of lifestyle and location.
Risk/Reward is just not there to go FO route
sometimes i kick myself for not doing CS in college…such a cushy job being a software developer/engineer…also pretty recession proof
IT is very dynamic in india as far as i know…
if your goal is to move to finance outside Indian, lets say Europe; here is my 2 cents:
in europe people will see only the indian guy with all the prejudice that come with it; no matter how smart or how good your credentials are.
i have seen some pretty smart indian guys that were only used for testing…
anyway i went down this cfa road but it got me no where i expected.so stick with IT and if you still think cfa will give you an edge take the exams…
For this person, yes I agree. For the normal Ivy League guy who can choose any career, probably not.
Agreed. I could have taken Finance route, but there were reasons i didn’t
First and foremost that i didn’t graduate from Ivy 