Hi CMG,

For Wall Street, I think the prop trading departments will just morph into a hedge fund...sort of the way Goldman Sachs and Citigroup are planning to do.

Just to change topics, dont you think that the brains in Wall Street might make things tough for Main Street. There has been a focus by hedge funds on natural commodities including food stuffs (like sugar and wheat) thereby increasing volatility of food prices.

Regards

Gordon....
It can even get better, My undergra is from University of Minnesota, Twin cities, I am a lifetime Gopher, University of Michigan is part of me but I only spend three semester there and I was a grown man by when I was at UMICHIGAN!

@CapitalMarketsGeek:...That a really serious misstatement! My experience tells me otherwise...Get to CFA level 2&3 and you will scream-to-your-mother when you get tested on derivatives...Level-1 offers only an introduction and just tests a minute 5%....[/quote]
Extrablessed....
If you have an undergraduate in Finance, you should be able to walk through those derivative without any problem, but again it also depend on the quality of your undergraduate degree, "quality"

Emlyne...
I didn't attend college in Kenya so its hard for me to judge, but where I schooled was a little different, Business schools compete to impress private sector, the more a school graduate the best students the more they get reputation from the industry and companies will come back and recruit from the school. Schools take pride on how many students get jobs after graduation and as a matter of facts, schools try to keep track of their students for years after they graduate. Having say that,passing CFA do not mean you're the smartest or smarter than those who didn't, but failing CFA put in question your dedications, commitment to success, time management,it even put doubts in your learning abilities. You tell your boss you fail CFA, he is not going to feel sorry for you and advise u to do it again, he is going to start double checking your work. You tell the boss you pass CFA is not gonna make him/her jump up and down coz thats what they expect you to do. The point is, schools do not teach the same things but atleast school prepares students to go out there and learn for themselve, EU and KU and NU,do not teach the same things but they do give students enough resources to go out and make it happen for them. I was amazed to learn that in Kenya people go to college to learn and prepare for CFA, thats something am yet to understand, maybe you can tell me! It is either a failing education quality or students just have alot of money to spend.

Emlyne...
By the way schools are very brutal in Kenya and sometimes I think there is something wrong somewhere, take for instance, in USA from stand one to form four, school starts at 8 am and by 2 pm students are done for the day, btw 8am to 2pm there is PE, federal mandated breaks, and lunch. There is also a 3 months summer break each year, There are also lots and lots of distractions in sch: cellphones, making outs, offensive dressing( schools are mixed) parttime job after sch,ipods to name a few. What about in Kenya?You know it! Do is mean Kenyan schools graduate better students than american schools? Not at all. So something has to be wrong!