tkb417:

but i see other smaller investment banking outifts springing up and taking a chunk of what would have been originally IBTCs meat.

tkb417:


Investment Banking is cool, brain tasking, energy consuming and really rewarding
as for T-cann
you need to be all analytic, energic and be ready to spend long hours and weekends working on your mandates
some coys dont employ if you dont have the Mscs, First Class and the rest but its not really hard to figure

Just get yourself enrolled in CFA and get the level 1 passed and i can bet, you can enter one of those coys
if you have ACCA, ICAN and co with ur B.sc, you can hit up places like Stanbic BGL and co and they will be ready to take you in
But bros, the work can worry ooo

but if you work in a place like my office, ure sure gonna get a bonus as big as your annual pay
and thats just the plain truth.

so guys, lets talk, CFA guys are in town.

T-Cann:

@tbk
Its nice hearing from you, how did ur CFA go? a friend of mine working with CSL wrote, he said "God dey"
As regards my ambition of crossing over to CF/IB, its been a long standing passion, i had already enrolled in for law b4 discovering my passion tru information for Inv Banking and since then, i have been prepin to change career-i studied law in shl with special interest and project work on Investmt and Securities law, ICAN, and now stage 2 of CIS, it was limited resources that made a run a personal fund rationing analysis and came to d conclusn of settling for CIS for now,till i get bigger kish to reg for CFA. As regards the tiring,long working hrs, weekends etc, your guys dey house, you cant tire a man out of what he loves passionately to do,he be at it for hrs and it will seem as if he just did 1 minute.
Yours sincerely just got the simon benninga's 2008 ed. self study text on financial modelling using excel for some GBP,and with the help of some expert mentor and prior knowledge of finace,i hope to pick up one or two things, still in the spirit of prep to storm the industry.

@ tbk
I read in the papers the upcoming CFA institute seminar in Nigeria, i hope that will be an herald to the formation of the nig local CFA chapter and ultimately the location of an exam centre in naija.

Peace to y'all.

omoteebabe:

wat about Iei - asset?

tkb417:

as for the CFA thing in Lagos, urs sincerely will be actively involved in this
we need to get this running. As we speak, we have a board of trustees of the supposedly CFA Lagos in place but we are still lagging behind
we must put some requirements in place b4 we can be granted 'our society'

its work in progress tho and i know very soon, it shall come to pass

cheers

T-Cann:

@seun
thanks a million
I ve been to their office b4 but therob is that u cant learn fin modeling in a 5-day crash program course, u av to keep practising always after d training, so i thot why shd i give my money off, its like going for a beginner's class in computer appreciation and u dont have a PC to practice at home,u ll soon lose the skills and ur training investment will yield a zero ROI. trust me, am speaking from exp.
Thanks all d same tho.

seunallday:

iei assets is a bit too young plus we aint got no tracklist of transactions to decide, good place tho, have a friend moving there pretty soon.

thanks, ave a friend there too.

i woud love a kinda clarification on these terms; corporate finance, wealth/asset mgt and project finance

omoteebabe:

i woud love a kinda clarification on these terms; corporate finance, wealth/asset mgt and project finance

lolarde:

This is the most interesting topic i ve come across on nairaland.
i am a graduate of estate management,unilag. kind of in a fix as to what line of career to follow.
No passion for real estate,so its off my options.
Risk management is a viable option for me,taking professional exams in insurance already,ll be an associate by december.
i am thinking of getting into investment banking/capital market just based on that,dont want to take CIS,ACCA or ICAN
Also heard about SII,Securities and Investment Institute(its UK based but gradually gaining recognition in nigeria. (Check out www.sii.org.uk.)
Pls i need solid advice from you guys,not currently working now,i hope to get a sense of direction from this topic.

olufunlayoojo@yahoo.com

ebhohon:

Hi Guys,
Please don't be embarrassed by my question, this is an opportunity for us to learn, What is PE?

seunallday:

lol, true talk sha, from ur post i can sense dat u have a prob wit the fees as well, will call to find out ow much it is tho,

seunallday:

lol, true talk sha, from ur post i can sense dat u have a prob wit the fees as well, will call to find out ow much it is tho,

ebhohon:

Hi Guys,
Please don't be embarrassed by my question, this is an opportunity for us to learn, What is PE?  

omoteebabe:



but if project financing is still somewhat under the CF, what are mortgage coys meant for?

secondly, can we safely say asset mgt & pension adminstration is d same?
although i know pension contribution is divided into mandatory & voluntary contribution and from ur xplanation funds coming into assets mgt is voluntary.

finally, what does capital restructuring really entail?

sorry am askin too many questions, i would have google search it but the reply does not capture the nigerian picture. tanks

T-Cann:

@SEUN
Omo iya,you got me there-lol
na naija we dey,e no easy o!! all man just dey try.
to spit out N175,000 for a 5-day what, fiiii le,its a loooooonng thing.

T-Cann:

@tbk
are u presently online? if yes,pls lets IM on teecannrecruiting@yahoo.com. some info need to be passed on behind the veil. thanks.

zander87:

Hi guys,

I am interested in starting my career at entry level with an investment bank in corporate finance.I am currently studying for a masters degree in the UK due to end in september and have completed the ACCA qualification.Is it possible for me to send my CV to them(and if so how as the websites do not have a career section through which one can send a CV) before I return to Nigeria as I do not want to return to Nigeria before I begin a lengthy selection process and I guess these firms have a period within which they recruit in a particular year.

Any helpful suggestions would be appreciated.

Thanks

joshO:

Which will carry more weight for a senior role in banking - CFA or MBA (finance from a reputable UK university) ?

omoteebabe:

tanks seunallday.
wit capital restructuring, ave done a bit of research and came up with two terms - stock split n reverse stock split. am just wondering what positive effect that will have on a coy?

tkb417:


Our bid to have a society might still take a while cos we need about 38 charterholders in this country b4 we can be granted our request. As of now, we can boast of 24. I heared they only have 7 charterholders in Ghana.
we aint doing badly cos if you merge the candidates that wrote both June and last december exams, we had about 900 candidates!!
Thats a lot and im hopeful, within the next few years,we'll cross that line and then have our status confirmed!