MBA & CFA & no experience & poor economy

Keep looking for analyst ibanking roles man. With your education there you should land one with or without experience. There are fuking English majors that get hired with no experience.
Move to NYC. The sad truth is that networking is very important.
 
I think its very hard getting a ibanking position now, because ibanks aren’t hiring too much and are already cutting people. Also, ibankers usually fit a mold. Summer experience at a ibank, hedge fund, or consulting. This guy has none of that.
http://www.cnbc.com/id/28522597
 
cibc wont hire anyone in IB and or equity research right now in Montreal
good luck anyway
 
JonathanC Wrote:
——————————————————-
>
> Where would you suggest I look for unpaid
> internships in Montreal? I only know of the 4
> major banks.
You have to start by being realistic. The chances of finding something decent in Montreal are slim.
 
He doesn’t have any experience
Hence a MBA who passed two levels of CFA with no experience with no job.
Not a MBA & CFA w/o a job…
 
Okay, so after reading what has been posted, am I correct in assuming that I am overqualified and under(or not at all)-experienced with regards to being hired for the following types of jobs:
Junior/assistant/associate analyst/investment banking
So what kind of jobs would you suggest that may act as a springboard to eventually working towards getting my CFA charter after I pass level III? I really like finance and I am going to be in this job hunt for the long haul (2 years if need be) but I also know I will need to start at the bottom somewhere but I just don’t know what the starting point is… can someone give me a hint?
And thank you “former trader” I know your comment may have come across as blunt but that is very useful because that is important information I NEED to know to help focus my job search.
 
Well I want to thank you all for giving me such quick and useful advice. I wish there was some way I could repay you all… I’ve browsed my school employment center site more and come across a large repository of links to organizations that offer internships to new under graduates and graduates with little to no experience.
I’m also going to try telephoning Brokerages, Insurance companies, and the Big 4 accounting firms to see what they have for someone in my position.
Anyone have any recommendations for jobs/internships I should keep an eye out for when applying to:
1) Brokerages
2) Insurance companies
3) Big 4
?
 
Just purely curious.
Say you land an internship.
Wouldn’t you feel weird having done your MBA and L2 / 3 and being an intern?
And would an internship actually help someone in your position?
My understanding of internships is that they’re simply something to give undergrads not out of school yet something to do. I’ve never seen internships as being taken seriously. And most of my friends mentioned that they didn’t actually learn a thing during theirs’.
So, to everyone reading this thread:
1. Would a post-MBA internship help at all? or would it be more practical for him to get a non-finance, paying job at this point in time?
2. How are internships viewed in a recruitment context? Are they even necessary / beneficial in his context?
 
in your position, i would look internationally… cfa is a global passport, no matter where in the world you work, it’s valuable experience.
by the way, how did you find MBA/CFA program… worth the money… i think it’s 48K?
 
Given the state of the economy it seems you should be able to create your own unpaid internships. How many managers are willing to turn down free help?
 
challenger Wrote:
——————————————————-
> in your position, i would look internationally…
> cfa is a global passport, no matter where in the
> world you work, it’s valuable experience.
>
> by the way, how did you find MBA/CFA program…
> worth the money… i think it’s 48K?
So if I look global, would I be okay looking for jobs like:
Junior/assistant/associate analyst/investment banking
in places like Germany, China, EU, Japan, (maybe even Russia?!)
And yes, the 48K was worth it and RBC gave me a student line of credit without having to have a job or a co signer. They gave me some sort of hypothetical income. The whole program makes sense because now I’ll have all my credentials out of the way and by the time I’m older I won’t have to worry about juggling family and school and a full time job to get the next promotion.
 
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