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Archcavalier · 18 · 6352

Archcavalier

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on: Feb 12, 2012, 06:58 PM
I finish Computer Science but, I want to move to Finance/Banking as a career.
What course or training should I take to make that move.

Im planning on taking up basic accounting training and finance seminars.
Im also planning on taking a training (if I qualify) to be a CFP. Certified Financial Planner. (is that even possible? I dont have financial background)

Any advice is greatly appreciated.


ferrariEverest

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Reply #1 on: Feb 13, 2012, 06:40 AM
finance, banking courses, meron naman na ganyan mismong courses sa ibang skwela.


CFP --- some links
www.rfp-philippines.com
http://www.rfpi.com/main.asp
http://www.ifcphilippines.com/
International Association of Regional Financial Consultants or IARFC
http://www.sunlife.com.ph/philippines/About+us/Newsroom/Press+releases/2011/Sun+Life+advisors+AIM+for+the+top?vgnLocale=en_CA

Good luck bro!


kaburns

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Reply #2 on: Feb 13, 2012, 07:26 AM
I think RFP is not a government-administered exam for professionals, meaning it's not regulated by the government for public confidence on the practice of a profession unlike the Certified Public Accountant (CPA) board exams. It's not really a requirement if you wish to move to a career in Banking.

Financial Planning is a lucrative career in the US. RFPs deal with wealthy clients on the subject of personal finance. You'll have to solicit clients and give them advice on how to manage their finances.

If that is your career expectation, go for it.   


ferrariEverest

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Reply #3 on: Feb 13, 2012, 07:37 AM
it's unregulated kasi
- ayaw mismo ng govt. para marami loopholes
- incompetent ang govt. to regulate it
- konti lang talaga ang mayaman dito so hindi practical or lucrative for the govt to regulate :D


kaburns

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Reply #4 on: Feb 13, 2012, 08:12 AM
May mga insurance agents na ang tawag ay Financial Advisor. Parang financial planner din pero bias on selling insurance policies.

Come to think of it, RFP is a salesman job. More than giving financial advice, they sell financial instrument as bread and butter.


DonT

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Reply #5 on: Feb 13, 2012, 08:20 AM
How many years ba normally yang mga CFP? does it need a pre-course like accounting?


kaburns

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Reply #6 on: Feb 13, 2012, 08:44 AM
No need to have a diploma in accounting or finance para maging RFP.

All you need to do is complete the short course covering the syllabus of the RFP exam and pass it.

Then you'll get listed as a member of the Registered Financial Planner Institute Phillipines.


vicces

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Reply #7 on: Feb 13, 2012, 09:09 AM
I finish Computer Science but, I want to move to Finance/Banking as a career.
What course or training should I take to make that move.

Im planning on taking up basic accounting training and finance seminars.
Im also planning on taking a training (if I qualify) to be a CFP. Certified Financial Planner. (is that even possible? I dont have financial background)

Any advice is greatly appreciated.
will you be willing to do it (study) in the philippines or are you looking for finance courses/schools from your present location?

dito sa pinas ang alam ko ang de la salle university ang may "magandang" post-grad courses sa banking and finance, there are options na 1-year (4 sems; tri-sem ang dlsu) lang may diploma ka na like Financial Engineering (wow bombastic-sounding!); ang masteral nyan 6 sems... but if you want there's also a masters of science in computational finance ata ang appropriate course (1.5-2 yrs, with compre + thesis, then DLSU will facilitate so you could take the CFA exam)... here's what one article said about DLSU's CFA course:

Quote
What is the CFA Program all about? The CFA designation is said to be the gold standard in the area of finance and investments, allowing the holder access to the goodwill that men and women have built over the years in the practice of ethical and professional investment management and research. The program itself is administered by the CFA Institute, with headquarters in the United States. There is also a regional office in Hong Kong for the Asia-Pacific region with the local society, CFA Philippines, normally working directly with the regional office.

Requirements for designation

What are the requirements before a person is allowed to use the CFA designation? In order to earn it, a person must be of good moral standing, must have at least four years of qualified work experience in the area of investment decision-making, and must serially pass three annual examinations on a wide variety of topics related to the investment profession. The work experience can be accrued even while taking the exam so people who are thinking of a career shift into investment management and research can pursue the examinations even while they are now focusing on redefining their careers.

The CFA program itself is a self-study, graduate-level program and so the degree of difficulty is a cut-above a bachelor’s program. Included among the topics are financial statement analysis (heavy accounting required!), quantitative analysis (time value of money, statistics, econometrics etc), financial derivatives, equity analysis, fixed income analysis, portfolio management, plus a healthy dose of ethics and investment performance measurement. Exams are regularly scheduled every June for Levels 1 to 3 but there is also a special December exam for Level 1.

Reviewing for the exams

In the Philippines, the De La Salle University Ramon del Rosario Sr. Graduate School of Business, through the MS Computational Finance Program, has worked out arrangements with one of the top-notched global review providers, the Stalla Review for the CFA Program, to provide affordable quality programs for Philippine candidates. I personally vouch for the program as the Stalla Review personally helped me pass all three levels in just one take each, and I know many local charterholders who have been also helped by the same program. Of course, it must be mentioned that CFA Institute neither endorses nor accredits any review program, and it is left to the judgment of candidates whether they wish to take such review programs or not.

For the local Stalla Review, the facilitators are all De La Salle faculty members who are CFA Charterholders, except for one professor who is a CPA/CMA holder. Reviews are regularly held every Saturday, with the Level 1 review already well under way and on its 4th session. The Level 2 program will be starting by Feb. 16, 2008, and all the review programs will end by May. Next year, Level 3 will be included, giving candidates full access to the complete review programs.

source: http://www.manilastandardtoday.com/2008/feb/11/business5.htm


and here's what their brochure/prospectus says:

Applicants to the MS in Computational Finance must
have:
􀂙 A bachelor’s degree in any of the following
fields: mathematics, statistics, economics,
accounting, management of financial
institutions, computer science or
engineering;
􀂙 satisfactory admission test scores
􀂙 satisfactory interview and essay results
􀂙 three years of relevant work experience

for more details on MSCF click here

for Financial Engineering click here
« Last Edit: Feb 13, 2012, 10:06 AM by vicces »


kaburns

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Reply #8 on: Feb 13, 2012, 09:30 AM
CFA is different from RFP.

CFA is for security analysis.
RFP is for personal finance consulting.



vicces

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Reply #9 on: Feb 13, 2012, 10:05 AM
yeah, got confused there.. CFA different from CFP and RFP... but all could fall under banking and finance so at least TS has options...
« Last Edit: Feb 13, 2012, 10:11 AM by vicces »


Archcavalier

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Reply #10 on: Feb 13, 2012, 05:07 PM
dito sa pinas ang alam ko ang de la salle university ang may "magandang" post-grad courses sa banking and finance, there are options na 1-year (4 sems; tri-sem ang dlsu) lang may diploma ka na like Financial Engineering (wow bombastic-sounding!); ang masteral nyan 6 sems... but if you want there's also a masters of science in computational finance ata ang appropriate course (1.5-2 yrs, with compre + thesis, then DLSU will facilitate so you could take the CFA exam)... here's what one article said about DLSU's CFA course:

Post graduate later. Dont forget the experience needs to be in finance too. Just any experience wont do.
Now, im just looking for a training or seminar to get started. Just to make the move more "creditable" and easy.
I have no intention of selling insurance as my bread and butter. As of the moment in just trying to build a strong foundation and a creditable on at that.

Going back to the university is an option but, that would have to be a last resort.
Time, Opportunity and Money will be wasted if I consider that as my first option.

I do know about the CFA exam and the books are available here. really tick, heavy and expensive. like nursing books.


research_solutions

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Reply #11 on: Feb 29, 2012, 09:42 AM
@ the generous posters above. I am really interested in what the TS has posed as a question. I am in a similar quandary.

Unfortunately, my career is a mudgepudge of sorts. could you help me plot for a career in being either an RFP of CFA or anything of the sort? my credentials are as follows, in brief:

1. I graduated BSN (nursing) from UST
2. I am about 2-4 units away from completing my long standing masters in UP for MPH (Master of public health) specializing in Epidemiology (that's research, biostatistics, research design, etc.)

My career has been mostly in education:
1. I have served as a nurse for a short while
2. I have been a professor in some universities for almost 5 years
3. concurrent with that I am also a National Reviewer for Nurses, for US licensing NCLEX and IELTS as well
4. Prior to my Dad's sudden demise I was involved in our construction business
5. I am currently working at Accenture as a Process Trainer (training employees of course and doing analyses for operations) while continuing to be a part time reviewer
6. I am starting a consultancy business for medical professionals for their clinical studies and research.

Could I qualify for any of the abovementioned degrees for finance without having to bet another bachelor's degree?

What options do I have? I enjoy finance po kasi. thank you so much. I think this is what I want to do for the rest of my life. Please help. . . :)  :cool2:

Post Merge: Mar 01, 2012, 09:24 AM
Bumping this thread again, perhaps someone with more insight could help us out?
« Last Edit: Mar 01, 2012, 09:24 AM by research_solutions »


Archcavalier

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Reply #12 on: Mar 04, 2012, 07:56 PM
well, wish ourselves good luck...


axex

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Reply #13 on: Mar 04, 2012, 08:25 PM
yeah, got confused there.. CFA different from CFP and RFP... but all could fall under banking and finance so at least TS has options...

sir vicces,
how to get experience??
im a Mechanical Engineering graduate..
eh db po para matanggap ka sa work related sa finances or business dapat related ang course na tinapos mo??
 
just curious..
mukang magandang option ito eh.hehe


Archcavalier

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Reply #14 on: Mar 04, 2012, 08:30 PM
sir vicces,
how to get experience??
im a Mechanical Engineering graduate..
eh db po para matanggap ka sa work related sa finances or business dapat related ang course na tinapos mo??
 
just curious..
mukang magandang option ito eh.hehe

To get the CFA you need to self study for 4 years... Yes its that hard...
If youve seen those nursing students with their books, a CFA study book is just like that...


 


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