• Congratulations to the Class of 2024 on your results!
    Let us know how you went here
    Got a question about your uni preferences? Ask us here

Job prospects of an MFin student? (1 Viewer)

akqjt

Member
Joined
Mar 8, 2009
Messages
70
Gender
Male
HSC
2006
CA at big four, plus experience.
Jump over to Ibank doing control and operations.
Then do your CFA

Thats probably how I would do it
As a route into trading good sir?
 

Studentleader

Active Member
Joined
Feb 21, 2008
Messages
1,136
Gender
Undisclosed
HSC
N/A
As a route into trading good sir?
Probably better to do a mathsy honours then get a shitkicker quant role then work towards your CFA - honours will put you on par with american bachelor students.
 

akqjt

Member
Joined
Mar 8, 2009
Messages
70
Gender
Male
HSC
2006
Probably better to do a mathsy honours then get a shitkicker quant role then work towards your CFA - honours will put you on par with american bachelor students.
For some (read: most) the prospect of spending another 4 years at uni for the small chance of getting a job in trading is unreasonable.
 

Studentleader

Active Member
Joined
Feb 21, 2008
Messages
1,136
Gender
Undisclosed
HSC
N/A
For some (read: most) the prospect of spending another 4 years at uni for the small chance of getting a job in trading is unreasonable.
Didn't mean it like that - I meant a finance honours which is quite mathematics intensive.
 

eizen

New Member
Joined
Nov 17, 2009
Messages
1
Gender
Male
HSC
2002
I have an Engineering background and was considering doing a Masters in Finance in order to facilitate a career change. I was told having a quantitative background coupled with formal qualifications in Finance would put one at a distinct advantage. So I thought I'd hop on to the forums to confirm what I'd 'heard' out in the real world while working. There are many opportunities for Analysts outside of the banks.

Ideally I'd like to enter a Graduate Program. So I must admit I was a little disheartened at first after reading these postings until I read Velox's posts.

Cookie, Geology certainly pays very well and there are quite a few opportunities in the resources sector. I've worked with a few Geologists - so if you want any info please let me know.
 

Monsterman

Member
Joined
Aug 5, 2007
Messages
345
Location
Syd
Gender
Undisclosed
HSC
2009
This thread makes me want to reconsider doing something else instead of commerce =(
 

ad infinitum

Member
Joined
Jun 11, 2009
Messages
312
Gender
Undisclosed
HSC
N/A
Well this is how they pick Finance/Accounting graduates for firms. Its kind of like a cattle sale. All the graduates bunch up in a cattle pen, whilst the recruiters sit in the stands bidding as a line of graduates go through the gates. You must have your certificates branded onto your shirt, and once recruiters bid for you, you have your teeth/ears inspected and if not already Asian, you have your head shaved.
 

Monsterman

Member
Joined
Aug 5, 2007
Messages
345
Location
Syd
Gender
Undisclosed
HSC
2009
I know a lot of people who had hoped to get into the finance sector but with employment levels so low a lot of people have missed out. I know a few (incl myself) are thinking of doing a Masters in Finance after our bachelors. However, just thinking about it, I'm wondering how much that extra year will help. I think it's a reasonable assumption that at the end of a 3 year commerce degree, that if you haven't secured a job in the finance area you most likely don't have any internship experience within the field as most intern roles lead to grad offers (maybe not in the current climate but usually). You can't apply for internships at the end of the final undergrad year, because you aren't penultimate even though you intend on another year of masters. So you start your MFin degree in Feb after graduating from your undergrad degree, apply for graduate jobs in March starting next Feb (even though you don't even have 1 semesters worth of results for your MFin degree yet) and have to apply for the graduate streams, which are a lot harder to get into than via an internship - still without any internship experience. To top it off most Masters students marks aren't the greatest (otherwise do Honours). Am I missing something? Or is it normal for MFin students to graduate, then apply for graduate job the following recruitment season, effectively spending 2 years post-grad before commencing work?
which uni do you go to?
 

AlternateAlt

New Member
Joined
Jul 19, 2009
Messages
12
Gender
Undisclosed
HSC
N/A
I'm surprised it's even possible to do MCom after a BCom? It seems the MCom is basically a condensed version of BCom, the subjects all look like identical to the undergrad stuff.
 

Omnidragon

Devil
Joined
Jan 4, 2005
Messages
935
Location
Melbourne
Gender
Male
HSC
2003
Uni Grad
2007
So you're saying that entry into a MFin is going to be easier than getting a job OR into honours?
Do a MFin if you can't get a good job. But then again if you can't get a good job on a BComm, you probably won't get one with the MFin anyway.
 

akqjt

Member
Joined
Mar 8, 2009
Messages
70
Gender
Male
HSC
2006
Do a MFin if you can't get a good job. But then again if you can't get a good job on a BComm, you probably won't get one with the MFin anyway.
Yeah, that's pretty much the whole reason I made this thread, to explore this issue
 

Monsterman

Member
Joined
Aug 5, 2007
Messages
345
Location
Syd
Gender
Undisclosed
HSC
2009
Yes, MFIN would be the easiest option of the 3

UNSW
I thought that unsw had work placement or something like that.. maybe it was only for engineering..

and if you were to compare unsw to other unis is supposably to be the better ones.. and if their graduates cant get employed then its concerning..
 

akqjt

Member
Joined
Mar 8, 2009
Messages
70
Gender
Male
HSC
2006
I thought that unsw had work placement or something like that.. maybe it was only for engineering..

and if you were to compare unsw to other unis is supposably to be the better ones.. and if their graduates cant get employed then its concerning..
Work placement is for engineering (you have to find your own placement though, it's not just given to you). It's compulsory to complete it before you are allowed to graduate.

UNSW/USYD are the top tier uni's in NSW, that doesn't mean you are guaranteed a job when you graduate though. The glamor positions in banking are mega competitive to secure compared to the accounting industry - this thread is about the value of an MFin w.r.t getting into this particular industry. My OP was just exploring the concept that most domestic students who do an MFin straight from undergrad don't have any internship experience, so in effect doing a masters would be just like doing a comm/eco degree which is an extra year of study, with no guaranteed benefit.
 

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

Top