A thread for heads in Corporate Finance, Investment Banking and Investment Mgmt. etc

Ohene

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Continuation of the past thread

Start work in an Entry Level position with a Financial Services firm in one of its subsidiaries on Monday. A part of me is worried that I should have held out for a better internship but I just gotta approach it with the right mindset I guess. I went from working in a meat factory to the corporate world though so its a big step however I look at it.:ehh:

Wish a breh good luck. Share your experiences as you have them.
 

Ohene

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not yet fam. what questions do you have though? I know my dad invest in stocks and portfolios too.
 

NatiboyB

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is there any kind of investment that you can pay into monthly so that it increases.

Like you put 200 a month in it over the course of years.
 

YBE

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i'll post some shyt later. i gotta finish this paper.
 

newarkhiphop

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Continuation of the past thread

Start work in an Entry Level position at an Investment Management firm in their sister company on Monday. A part of me is worried that I should have held out for a better internship but I just gotta approach it with the right mindset I guess. I went from working in a meat factory to the corporate world though so its a big step however I look at it.:ehh:

Wish a breh good luck. Share your experiences as you have them.

how did you land the job? is it something you always wanted to do?
 

Ohene

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hmmm, at a rate as low as 200 dollars I'm not sure. The only thing that comes to mind is buying into mutual funds and portfolios but are you looking at guaranteed a return? Because in that case youre probably looking at purchasing T-Bills/Government Bonds. Dont take my word for it though :mjpls:

Consider this for instance. Minimum investment is $100...and I would think you can continue to increase your investment.
http://www.tdcanadatrust.com/products-services/investing/mutual-funds/prices.jsp

What purpose are you saving for? Retirment? Kid's education? For Fun? And what time horizon. Cause that changes things too.
 

NatiboyB

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hmmm, at a rate as low as 200 dollars I'm not sure. The only thing that comes to mind is buying into mutual funds and portfolios but are you looking at guaranteed a return? Because in that case youre probably looking at purchasing T-Bills/Government Bonds. Dont take my word for it though :mjpls:

Consider this for instance. Minimum investment is $100...and I would think you can continue to increase your investment.
http://www.tdcanadatrust.com/products-services/investing/mutual-funds/prices.jsp

What purpose are you saving for? Retirment? Kid's education? For Fun? And what time horizon. Cause that changes things too.


Mostly for retirement. I already have a work retirement and this Thrift Savings Plan stuff.
 

Ohene

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how did you land the job? is it something you always wanted to do?

I'm going for my Chartered Accountant designation which requires that after or during undergrad one obtains a position with a CA training office to complete the work req'ment. http://www.icao.on.ca/Admissions/ApprovedTrainingOffices/1008page1341.aspx

I want to get my CA, perhaps working with a big 4 firm and then get my MBA in Corporate Finance in the states. After getting my MBA i maaaay try and get a level 3 CFA designation if I can obtain a position in an Investment Management, Asset Management, or I-Banking firm. Or even if I could obtain a position in Risk Management. Work req'ments are below for the CFA too.

http://www.cfainstitute.org/about/membership/process/pages/work_experience.aspx

But I think I'd prefer off pursuing a career in corporate finance. Its a dream of mine to work in Mergers and Acquisitions. :noah:

---

as for obtaining the position I got it through my schools Internship program. I had an independent opportunity too to become a summer investment banking analyst with CIBC (number 1 in M&A in Canada) which would have made me euphoric but i didnt even get a 2nd interview :(. It was my first corporate interview though. Its hard for a brother.

Had inteviews with Ford (woulda made 45K a year :() and Xerox as well but no go. Russell Investments no go. And Then I had an interview that I had just received with Microsoft on deck in a weeks time. The same day I had an interview with one of the following (Vanguard, State Street, Fidelity) for an entry level position and I thought I did poorly because I was sick but i got an offer the next day with only 24 hrs to accept. I wanted to wait for the Microsoft interview in a week, it was screaming my name but that position was more Marketing related anyway so I decided not to risk it. And now here I am hoping I made the right choice.

A friend of mine got an internship weeks later that i also applied for with Nestle as a Financial Analyst, and I also wanted to wait for HydroOne for a Corporate Controller (Accounting) position. Why couldnt them b*stards just review the applications earlier. :(

Above everything though, I'm hoping that my internship leverages me to get a good position with a CA Training office when I graduate
 

Ohene

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y'already know playboy

i've learned alot about the whole interview and recruitment process though. how to tailor not just your resume and cover letter but your whole personality to a company/position during an interview.
 

Melt_Man

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B.S. in Finance here, worked in industry for a few years and realized it wasn't for me so I'm going in another direction now. I've got family members in wealth management and hedge funds so I can probably answer a lot of general questions.

I love talking personal finance though, especially because I see all the bullshyt advice that's out there.

*Random E-trade commercial* "Now featuring a trend analyzer so you know what's going on in the market just like the pros!"

:wtf:
 
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