AjanleKoko:

It's a very old rap song, 1993 in fact. Terminator X featuring Whodini - 'It All Comes Down To Money'

y'all are just mean, i'm still trying to toast myself to sacrifice my 'range and 40 G-class at 50' plans and go into power. Cos no matter how i look at it, if u want to make money(legal money) fast, power isn't the way, and just when i think i'm getting there u guys come up with this post.

Look at this guy sha. We no even get power for naija, you wan hammer with power!
. . . well, except you dey among the people wey dem share $16bn

AjanleKoko:

Look at this guy sha. We no even get power for naija, you wan hammer with power!
. . . well, except you dey among the people wey dem share $16bn

not exactly hammer, i just want to be able to raise my kids the way i was raised, i believe while money is important it shouldnt be the sole deciding factor in any important decision. truth is i feel i'm sharp enough to excel in practically any electrical engineering field but thing is none of them give me the 'high' i get in power.

I know ppl that are doing ok, not making all the money in the world but at least they're happy and on the other hand i know ppl that are making a hell of a lot of cheddar and are still not happy(i cant say their sad though)

@

tbk
Financial analysis is still low level finance

Engineers are creating tools to automate these to the extent that the role is getting redundant these days.

lolololol
the highest designation in finance, the gold standard in finance is CFA
chartered financial analyst

whatever u do, be it corporate finance, Portfolio mgt et al
u're a financial analyst

its job specs that will be different

^^^ CFA is bullcrap. looking and adjusting financial statements is a pain 

Most CEO or CFO i know don't have it (mind you am a CFA level 2 candidate)

Finance at the top levels is very intuitive you don't need CFA(MBA maybe) to get the job done effectively. Just good old common sense and many years of experience is enough ( u no fit try that for engineering )

tkb417:

@
lolololol
the highest designation in finance, the gold standard in finance is CFA
chartered financial analyst

whatever u do, be it corporate finance, Portfolio mgt et al
u're a financial analyst

its job specs that will be different

i sabi enough young 'uns wey get am now. . .some of my small wives. . .is it all that?

netotse:

i sabi enough young 'uns wey get am now. . .some of my small wives. . .is it all that?

haha
we have just 19 charterholders in Nigeria

except they are not in Nigeria

candylips:

^^^ CFA is bullcrap. looking and adjusting financial statements is a pain 

Most CEO or CFO i know don't have it (mind you am a CFA level 2 candidate)

Finance at the top levels is very intuitive you don't need CFA(MBA maybe) to get the job done effectively. Just good old common sense and many years of experience is enough ( u no fit try that for engineering )

lol
CFA is bullcrap
most CFOs and CEOs u know in Nigeria wont have CFA i agree cos finance in Nigeria is still in its formative years
i know almost all the CEOs of the IBs in Nigeria and a few of them are not even attempting to write it cos of the time and all u have to dveote

but, CFA charterholders are the ones calling the shots in the developed countries
walk in GS and paribas and check wht im saying. Even in the academia, the public sector, the CFA legion is growing in leaps and bounds

i do not know what u mean by finance at the top is done through intuition; get your facts right and dont say what comes outta your mind
if uve got no skills, u wont even get to the top

the CFA will teach u all u need to know about finance. A finance practitioner either at the top or below are all called financial analysts

so wht next do u want to say?

u are a CFA level 2 candidate?
good one

then u shd knw better

tkb417:

haha
we have just 19 charterholders in Nigeria

except they are not in Nigeria

my bad, i assumed it was a one-off thing, from your post i gather its a stage by stage affair right?

all i knw na say dem bin go dubai go write the exam and one failed and had to retake it in ghana or somefink(she passed on the 2nd try), but most of them have been out of school for at most 2yrs, so i'm guessing they'd be at the initial stages, they're all either in investment houses or banks.

@tbk

i have my facts right.
Mind you i work in an Inv Bank in one of the countries you call developed countries and i have looked at the profiles of some of the finance guys in top management
None of them has a CFA . about 20% have an MBA and the rest have just good old Bsc but they have many years of experience
Just look around you. Check the profiles of the CEO's of  some of the top companies and lets compare notes.

Yes i am a CFA candidate and my only reason for doing it is to get a fast track introduction to finance i don't intend to be a financial analyst

I understand where you are coming from though CFA gives you a no holds barred introduction to finance but i feel most of the information in there can be learned from experience or in a very good finance book. Having the designation doesn't prove anything other than you have been able to pass some 3 tricky exams

netotse:

my bad, i assumed it was a one-off thing, from your post i gather its a stage by stage affair right?

all i knw na say dem bin go dubai go write the exam and one failed and had to retake it in ghana or somefink(she passed on the 2nd try), but most of them have been out of school for at most 2yrs, so i'm guessing they'd be at the initial stages, they're all either in investment houses or banks.

ure right
3 stages
dubai, London or Ghana and sometimes Jo'bourg

i know someone who went to cairo tho

Nigeria are already looking at having a society and also thinking of having an exam center in Lagos or Abuja. when the CFA chaps came in August, they met with the  BGL,KPMG, Vetiva, Diamond capital, ARM, Afribank Capital, SEC, CAPE and some other peeps in order to see how we can have our own society and start writing exams here.

Now we have a budding society with about 19-20 charterholders, according to them  b4 we can have a full fledged one, we need between 40-50 charterholders. I think in 3-4 years, we shd achieve this

candylips:

@tbk

i have my facts right.
Mind you i work in an Inv Bank in one of the countries you call developed countries and i have looked at the profiles of some of the finance guys in top management
None of them has a CFA . about 20% have an MBA and the rest have just good old Bsc but they have many years of experience
Just look around you. Check the profiles of the CEO's of  some of the top companies and lets compare notes.

Yes i am a CFA candidate and my only reason for doing it is to get a fast track introduction to finance i don't intend to be a financial analyst

I understand where you are coming from though CFA gives you a no holds barred introduction to finance but i feel most of the information in there can be learned from experience or in a very good finance book. Having the designation doesn't prove anything other than you have been able to pass some 3 tricky exams

Candy what facts are u talking about? lets share
whats the name of your coy? my coy is rated top 8 in the world tho im in Nigeria.

i agree with u some top dawgs are not into CFA- i met with the MD of Citibank Nigeria and he was like CFA is not his thing. Okumagba, Chuka of Vetiva too are not CFA charterholders. Its like tht in the devloped countries too but my point is CFA isnt about financial statement analysis, but about Finance in its total entirety. Its just like ICAN for accountants. You dont have to have a ICAN fellow to be an accountant do you?
some are trained in the UNi, some got their training through working with some audit companies, and blah blah

its like that in fnance too. but, for those who werent trained in finance from UNI and would like to enter Finance, the only recognized way apart from getting experiential learning working with finance related companies is CFA

with CFA, you have all to rule the world of finance.

the last time i wrote CFA in London, u need to come and see the number of people who came to write. The CFA people could not cope and had logistics problem coordinating the exam. yeah, i mean in the streets of London. (the membership is blowing up and u berra hop on the train )

thts ma point

tkb na which level you dey for CFA now. I did Level 2 in london this June.

i still think you can learn all those materials in the CFA sylabus on your own without having the charter sha.

Just one comment, guys.
Do you really think you can successfully switch from one highly specialized field such as IT, to another highly specialized fields, such as finance?

I think IT people of today should switch to business early in their career, unless they work for Microsoft, Oracle, SAP, Google, or some kind of high tech environment like that. If they're working in banks and stuff, they should see the light o!

And from what I hear, investment banking is not one of those fields that you can weigh into with some kind of high sounding application like SAP.
I have a good friend who's with Accenture, as a SAP specialist, trained and certified, he even gets to facilitate global SAP trainings. Now he is kinda fed up, because the so-called SAP consultants are not having that thousand-dollar-a-day ride anymore.

@candylips & tkb, I hear you can even build your models and stuff with off-the-shelf tools like Excel, Crystall Ball, etc.

I generally don't blame smart engineers who go the finance route from Day 1. At least na dem dey hammer now.

And as for me . . . thank God I saw the light in time. I actually plan to end up in investment banking, advising on telecoms investment . Do I need a CFA for that?

@Ajanlekoko

Engineering/Tech makes a little bit of sense in the google or microsoft of this world but na wizkids those guys dey employ

But pepper is far far heavier in the Investment Bank even as a Tech guy compared to google

Not to talk of the guys doing the core corporate finance stuff. those guy's bonus alone is criminal.

I think starting one's career in Engr/Tech and latter moving on to Finance is a smarter move. These days banking is increasingly becoming highly technical

CEO's of some of these banks now are increasingly coming from highly technical backgrounds like physics, mathematics and electical engr.

As regards CFA. It doesn't hurt to do it though i still think u can learn most of what is in there in a good book _{and there are many out there}.

The content of the sylabus is huge but passing the exam is very tricky and in my opinion doesn't prove anything .

its better to focus on learning and understanding the underlying finance concepts . . . the book CFA supplies when u register for the course is a joke its is too academical no practical stuff in there

this is a real problem in nigeria

candylips:

@Ajanlekoko

Engineering/Tech makes a little bit of sense in the google or microsoft of this world but na wizkids those guys dey employ

But pepper is far far heavier in the Investment Bank even as a Tech guy compared to google

Not to talk of the guys doing the core corporate finance stuff. those guy's bonus alone is criminal.

I think starting one's career in Engr/Tech and latter moving on to Finance is a smarter move. These days banking is increasingly becoming highly technical

CEO's of some of these banks now are increasingly coming from highly technical backgrounds like physics, mathematics and electical engr.

As regards CFA. It doesn't hurt to do it though i still think u can learn most of what is in there in a good book _{and there are many out there}.

The content of the sylabus is huge but passing the exam is very tricky and in my opinion doesn't prove anything .

its better to focus on learning and understanding the underlying finance concepts . . . the book CFA supplies when u register for the course is a joke its is too academical no practical stuff in there

Person go just spend im whole life writing exams . . . na when you wan start to dey make pepper sef?

am telling you. especially an exam wey be say na lottery to pass. i think one is better off reading and applying the concepts

candylips:

am telling you. especially an exam wey be say na lottery to pass. i think one is better off reading and applying the concepts

I don't get.

I hope you did not mean the CFA exam here.

yes i ment the CFA the exam is very tricky

candylips:

yes i ment the CFA the exam is very tricky

yea its very tricky but the CFA exam is no lottery

Interesting so far!

Tech Vs Finance for most engineering degree I believe its not Tech vs Finance but TECH FOR FINANCE!!!

Hot and mathematically oriented engineers are most sought after in Finance-Quant,Financial engineering and computational finance

Like engineers U build models, derivative products and then the world is in dire need of Novel Risk management models

If U have a PHD in stochatic calculus,Physics,Maths or Probalility with a grounding in C++-then ur a rare breed for this Highly compensated and elite class of Engineers!!! -to me this is Tech Finance,

babalawo:

Interesting so far!

Tech Vs Finance for most engineering degree I believe its not Tech vs Finance but TECH FOR FINANCE!!!

Hot and mathematically oriented engineers are most sought after in Finance-Quant,Financial engineering and computational finance

Like engineers U build models, derivative products and then the world is in dire need of Novel Risk management models

If U have a PHD in stochatic calculus,Physics,Maths or Probalility with a grounding in C++-then your a rare breed for this Highly compensated and elite class of Engineers!!! -to me this is Tech Finance,

of what benefit is it for a man to have all this and lack money?

lekside44:

of what benefit is it for a man to have all this and lack money?

lmao

candylips:

tkb na which level you dey for CFA now. I did Level 2 in london this June.

i still think you can learn all those materials in the CFA sylabus on your own without having the charter sha.

2 in London also

candylips:

@Ajanlekoko

Engineering/Tech makes a little bit of sense in the google or microsoft of this world but na wizkids those guys dey employ

But pepper is far far heavier in the Investment Bank even as a Tech guy compared to google

Not to talk of the guys doing the core corporate finance stuff. those guy's bonus alone is criminal.

I think starting one's career in Engr/Tech and latter moving on to Finance is a smarter move. These days banking is increasingly becoming highly technical

CEO's of some of these banks now are increasingly coming from highly technical backgrounds like physics, mathematics and electical engr.

As regards CFA. It doesn't hurt to do it though i still think u can learn most of what is in there in a good book _{and there are many out there}.

The content of the sylabus is huge but passing the exam is very tricky and in my opinion doesn't prove anything .

its better to focus on learning and understanding the underlying finance concepts . . . the book CFA supplies when u register for the course is a joke its is too academical no practical stuff in there

oga ure smart, u can finish CFA in 2 years
or say 3

babalawo:

Interesting so far!

Tech Vs Finance for most engineering degree I believe its not Tech vs Finance but TECH FOR FINANCE!!!

Hot and mathematically oriented engineers are most sought after in Finance-Quant,Financial engineering and computational finance

Like engineers U build models, derivative products and then the world is in dire need of Novel Risk management models

If U have a PHD in stochatic calculus,Physics,Maths or Probalility with a grounding in C++-then your a rare breed for this Highly compensated and elite class of Engineers!!! -to me this is Tech Finance,

my oga hw far nau

tkb417:

2 in London also

guy i bonged 2 wey i take for june. don't have any plans of retaking next yr.

candylips:

guy i bonged 2 wey i take for june. don't have any plans of retaking next yr.

lol
i shd finish up next year June
then ill be the newest biggest boi in las gidi

good for u mate

but the pali does not certify say u be better financial analyst. i just shows that you have been able to pass 3 exams

candylips:

good for u mate

but the pali does not certify say u be better financial analyst. i just shows that you have been able to pass 3 exams

yeah right
better financial analyst?

who u comparing me to? thats subjective
the only way that can be measured is sit us down and test whatever 'we' claim 'we' know
ol boi, 2 straight passes no be yam