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VALUATION AND ANALYSIS OF DERIVATIVES & FIXED INCOME SECURITIES
Rank: Member Joined: 8/12/2010 Posts: 129 Location: nairobi
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I tell you guys that CFA is not something to just contrast with the british charterd institute for securities and investments (cisi) Or any other investment course. click on the link below for a unit by unit past paper exam http://www.secinst.co.uk...9848780&url=Diploma
To become a cisi is also involving but Compared to th CFA? NO the hell way!
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Rank: Member Joined: 9/2/2006 Posts: 121
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extrablessed wrote:CapitalMarketsGeek wrote:Ok guys... let me make a contribution, CFA is not anything close to an MBA the difference is commonly captured by the anology CFA is a foot wide and a mile deep and MBA is a foot deep and a mile wide. CFA test some derivative but not enough,..... @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%.... Hi extrablessed, The issue with CMG is that he is ranting that he should have done a MSc. in Financial Engineering instead of haveing completed his CFA. If that is the case, he is more than welcome to enrol for the course and get more money as he is quoting. Regards
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Rank: Member Joined: 8/12/2010 Posts: 129 Location: nairobi
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check out my post if anyone is interested in msc in finance from Kemu or KU or ckick the link below http://www.ku.ac.ke/scho...p/programmes/graduate/31
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Rank: New-farer Joined: 9/11/2010 Posts: 36
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Scooby...
I actually did both, CFA and MS financial engineering, CFA is a great program but if anyone want more derivatives ms financial engineering is the deal, if you want equity and fixed income research CFA is enough, if you want to be a trader for IB or Hedge fund,MS financial engineering, or computational finance is the deal no one cares about your CFA if you want to be a quant, as a matter of facts fundamental analysis do not matter anymore in trading, BS dividend thories, financial statemants BS and all those details that people used to care about it don't matter, what matters is what you think I think you think, in short,High order beliefs and with Alogarithem trading systems and other range of supercomputers there is alot of money to be made on misspriced security more that searching for growth stocks and this programs i.e financial engineering, computational finance, teach you how to use this technologies to find missprice security and make money out of it and that why this programs are hot and high!
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Rank: Member Joined: 8/12/2010 Posts: 129 Location: nairobi
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CapitalMarketsGeek wrote:Scooby...
I actually did both, CFA and MS financial engineering, CFA is a great program but if anyone want more derivatives ms financial engineering is the deal, if you want equity and fixed income research CFA is enough, if you want to be a trader for IB or Hedge fund,MS financial engineering, or computational finance is the deal no one cares about your CFA if you want to be a quant, as a matter of facts fundamental analysis do not matter anymore in trading, BS dividend thories, financial statemants BS and all those details that people used to care about it don't matter, what matters is what you think I think you think, in short,High order beliefs and with Alogarithem trading systems and other range of supercomputers there is alot of money to be made on misspriced security more that searching for growth stocks and this programs i.e financial engineering, computational finance, teach you how to use this technologies to find missprice security and make money out of it and that why this programs are hot and high! check out the coverage for the charterd institute for securities and investments(syllabus)vide the below link. http://www.secinst.co.uk...8780&URL=syllabuses
The variety seems wider than the cfa course
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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CapitalMarketsGeek wrote:Scooby...
I actually did both, CFA and MS financial engineering, CFA is a great program but if anyone want more derivatives ms financial engineering is the deal, if you want equity and fixed income research CFA is enough, if you want to be a trader for IB or Hedge fund,MS financial engineering, or computational finance is the deal no one cares about your CFA if you want to be a quant, as a matter of facts fundamental analysis do not matter anymore in trading, BS dividend thories, financial statemants BS and all those details that people used to care about it don't matter, what matters is what you think I think you think, in short,High order beliefs and with Alogarithem trading systems and other range of supercomputers there is alot of money to be made on misspriced security more that searching for growth stocks and this programs i.e financial engineering, computational finance, teach you how to use this technologies to find missprice security and make money out of it and that why this programs are hot and high! So CMG do you work or run a quant shop. With those two papers I think you should. I know alot of hedge fund managers without those credentials. I hope you are not looking to sign uop with them. Do your thing men. You can even start with a prop trading firm. You should not waste those skills. While at it, can I join you? I am a prop trader. 
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Rank: New-farer Joined: 9/11/2010 Posts: 36
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Emilyn..
I look wide to me, but I don't know the depth of it, one unique thing about CFA is the depth of its exam. Again it could be deeper than CFA but as long as the market doesn't value it deaper than it doesn't matter.... The courses look more operational to me, CFA is more decisional.
Merchent......
What I can tell you is, yes some hedge funds are founded by people with less credentials but these people have one thing that you cannot learn in school, charisma, our down fall is when we start chasing people and comparing ourselve with people with this unique chararistic, the earlier we realise that we might not be these unique people the better since we can concentrate on building those abilities that we have that can be complemented with these people's abilities, remember that all these gifted pple hires the best minds to work behind the scence and they pay them good. Yes I can join any hedge fund manager no matter how less educated they are as long as my best interest is served and yes I work for an Hedge fund/ trading firm but not in Kenya.
..You being a Prop trader, is a great thing, I know some prop traders who trade millions of thier own capital and if you're those kind of prop traders, you don't need no ones advise, but if you're a young man out of college with no much capital, you might wanna try to first find a working and profitable trading strategy, once you do that, call some of the big prop traders or trading firms and if they think you can make money for them they will hire you and you can trade their own capital that is every trader dream! Good luck
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Rank: Member Joined: 9/2/2006 Posts: 121
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Hi CMG,
Thanks for your clarification about MSc. Financial Engineering and CFA. Out of curiosity, will your role be affected by the recently passed Frank-Dodd bill? Am referring to the fact that prop trading will be required to be stripped out of banks (including bank holding companies).
I also do share the same view about the equity valuation methodologies. At least thats what I have seen with NSE.
It looks like there will be a "big" fight in future between those who subscribe to the traditional approach to finance (i.e. subscribe to the valuation methodologies) and the modern approaches which also include behavioural finance.
Regards
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Rank: New-farer Joined: 9/11/2010 Posts: 36
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Emilyn...
You asked the difference btw MS finance and MS financial Engineering, the difference is the quantitative nature of the program, MS finance tries to mimick cfa exam, most of them teaches off the CFA program, MS finance is also offered under business school and follows the less quant nature of business programs. MS Financial Eng, on the other hand if offered by college of math or college of computational science or college of engin and expect every entering student to have a formal programming course equivalent to a complete two to three semester programming courses beyond C and an equivalent to a Minor in Mathematics( most engineering and computer scienc student qualify for these while Business student don't have enough maths in their program). In short it is impossible to succeed in the program if your undergraduate is from a business school you don't even get admitted unless of course you got you undergra from a business school and went back for more math and programming.
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Rank: New-farer Joined: 9/11/2010 Posts: 36
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scooby...
Yes every bill that seek to limit creativity of human's brains affects everyone and limiting or uprooting inhoused funds from investment banks not only affact the business of the bank but it also affect every player in the Markets. Remember that these in housed fund are the breading grounds of the eventually most brillient fund managers in the capital markets, and if you go through the list, every succesful fund manager once worked for an inhoused fund of a bank. On the other hand its only one part of DR LI formula( A copula fuction approach) that was model wrongly, the corrolation of securities, so we can redo the formula and make money again! Anyway Wall street have the best brains so dispite the bill there will always be a way to make money!
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VALUATION AND ANALYSIS OF DERIVATIVES & FIXED INCOME SECURITIES
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