wazua Tue, Jan 7, 2025
Welcome Guest Search | Active Topics | Log In | Register

Career Change/re-enginering
T-Bag
#1 Posted : Friday, June 01, 2012 5:14:00 PM
Rank: Member


Joined: 9/25/2008
Posts: 510
I'm Looking into the future and......mmmmShame on you
I want to transition from Information Technology (My Proffesion) to Finance(Prop Trading - my passion). What are the appropriate Academic paths i need to take? I am a Graduate in Bsc IT,plus some profs certs.Worked in MFI and Banking Industry only -8yrs. I am dreaming of a cost effective way being Msc in Finance & Invest from KEMU and CSIA from KASNEB. As far as my passion goes have been in Stocks, metals and recently Forex(Getting a beating on the latter).

What do wazuans think? Not drastic i hope.
I AM trust in GOD, I AM belief in THYSELF
newfarer
#2 Posted : Friday, June 01, 2012 6:16:45 PM
Rank: Elder


Joined: 3/19/2010
Posts: 3,504
Location: Uganda
T-Bag wrote:
I'm Looking into the future and......mmmmShame on you
I want to transition from Information Technology (My Proffesion) to Finance(Prop Trading - my passion). What are the appropriate Academic paths i need to take? I am a Graduate in Bsc IT,plus some profs certs.Worked in MFI and Banking Industry only -8yrs. I am dreaming of a cost effective way being Msc in Finance & Invest from KEMU and CSIA from KASNEB. As far as my passion goes have been in Stocks, metals and recently Forex(Getting a beating on the latter).

What do wazuans think? Not drastic i hope.


buy study packs from strathmore book exams from kasneb.then register with kenyatta university's african virtual university for the finance degree and read for yourself.if you are sharp and committed you can kill two birds with one stone fast.
hope its not midlife crisis cos you sound thirtish
punda amecheka
King G
#3 Posted : Monday, June 25, 2012 7:52:47 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Laughing out loudly KEMU and MOI Nairobi Campus is a no no
Thieves
iKenya
#4 Posted : Tuesday, June 26, 2012 2:02:52 AM
Rank: Member


Joined: 7/27/2008
Posts: 241
King G wrote:
Laughing out loudly KEMU and MOI Nairobi Campus is a no no



Any reasons as to why??? Full disclosure is always a good thing .....
Quote:
Buy when there's blood in the streets, even if the blood is your own...
quicksand
#5 Posted : Tuesday, June 26, 2012 9:26:07 AM
Rank: Veteran


Joined: 7/5/2010
Posts: 2,061
Location: Nairobi
Jaribu that dreaded CFA - Certified Financial Analyst...then look for a cheap BA Econ from a cheap University to 'round' the business knowledge properly.
With a double bachelors and a CFA your creds will be very impressive indeed.
Good luck
emlyn ngwiri
#6 Posted : Saturday, October 13, 2012 1:18:22 PM
Rank: Member


Joined: 8/12/2010
Posts: 129
Location: nairobi
Why not first do the csia (after getting exemptions) you should be through say in 1.5 years. Back that up with MSC finance from a prestigious uni (msc finance KU Takes one year four months) total number of years approx 3 years you will fit in very well in any investment company. Forget the CFA (unless you are willing to sacrifice 4-5 years)

MKWASI
#7 Posted : Thursday, October 25, 2012 6:35:26 PM
Rank: Member


Joined: 4/20/2012
Posts: 888
I would have thought of otherwise given that you have 8yrs up your sleeve perhaps I would have considered how to enhance it, but since its where your passion is then pursue it. I would go for CSIA too and MSC in finance and investment. Strathmore university (MSC)to me would offers more value but you need to cough more. All the best.
Kausha
#8 Posted : Thursday, October 25, 2012 7:23:01 PM
Rank: Member


Joined: 2/8/2007
Posts: 808
T-Bag, if you really got a passion for trading, do the CFA from the CFA institute only, you will not need the Masters or anything else and there are no prejudices on your first degrees. I know very many engineers, psychologists, Chemists etc who got the finance bug and ventured into CFA and they are PM's CIO's etc. Even better for you is that you have ICT skills I presume you can code well, skills that may come in very handy in your desired career! Best of all it's cheaper and you can transition once you have got your level I or II sorted
mawinder
#9 Posted : Thursday, October 25, 2012 7:41:12 PM
Rank: Elder


Joined: 4/30/2008
Posts: 6,029
Kausha,i wanted to take cfa but the pass rates discouraged me.you may also check today's business daily for acca salaries in kenya.
tony stark
#10 Posted : Friday, October 26, 2012 9:42:57 AM
Rank: Veteran


Joined: 7/8/2008
Posts: 947
mawinder wrote:
Kausha,i wanted to take cfa but the pass rates discouraged me.you may also check today's business daily for acca salaries in kenya.


Where there is career re-engineering there is Mawinder. Please give T-Bag more advice on how you changed your profession several times in one year. smile

All the information here is for academic paper chasers to each other. Why should anyone give you a job just because you have a CFA. That is nonesense.

My advice to you is parachute to the career wish to pursue. I am not sure what IT profession, which is equivalent to I'm in the agricultural sector, or what prop trading is.

This is how parachuting works. You are a banker/ accountant and you want to get into the development sector(I hate this stupid NGO terms). You look and apply for a job in the sector that is closely related to what your doing so finance department at the NGO or something. Then move to the area of interest within the organization having had some experience.

In your case you should just apply from a Job you are interested in. If you have a passion as you claim, you probably know a lot about the work it involves. Infact you can probably take a junior level or entry level position if you really want to change careers and parachute out once you have some experience in the field.

Save the money and don't waste it on degrees that do not make a difference.
accelriskconsult
#11 Posted : Friday, October 26, 2012 10:50:15 AM
Rank: Member


Joined: 4/2/2011
Posts: 629
Location: Nai
I am with Tony Stark on this one.

While papers are great, it does not make sense to prioritise them especially now that you have 8 years under the belt.

So if I were you, how would I do it?

1. Identify 5 employers that I would like to work for and that would employ me for my IT skills and experience.
2. Move heaven and earth to get in to one of them. Once in, stealthily crawl in to the department I want to work in.

Fact is that talent stands out and if as you claim you are passionate and I assume talented in the investment field, every one would notice and you would find sponsors willing to take a risk on you.

If you are already in a bank, you can start by moving to treasury department.

@Mawinder, the ACCA salary survey alarmed me on account of the low salaries for managers and senior managers. And ACCA would not help this guy much in achieving his goal.
Kausha
#12 Posted : Friday, October 26, 2012 10:55:51 AM
Rank: Member


Joined: 2/8/2007
Posts: 808
@tony don't mislead the guy. The lad want's knowledge and from the advise you are giving, there is too much risk and probability of failure is very high. Reminds me of the hyena following the man and waiting for the hand to drop down so that it could get a meal.

Don't get fazed by the CFA pass rate. It's a global rate and there are many people who attempt but don't prepare well. This is among the few exams where what you put in is what you get. Work had and hope to always achieve 70%. It's doable.
Mukiri
#13 Posted : Friday, October 26, 2012 9:03:49 PM
Rank: Elder


Joined: 7/11/2012
Posts: 5,222
tony stark wrote:
mawinder wrote:
Kausha,i wanted to take cfa but the pass rates discouraged me.you may also check today's business daily for acca salaries in kenya.


Where there is career re-engineering there is Mawinder. Please give T-Bag more advice on how you changed your profession several times in one year. smile

All the information here is for academic paper chasers to each other. Why should anyone give you a job just because you have a CFA. That is nonesense.

My advice to you is parachute to the career wish to pursue. I am not sure what IT profession, which is equivalent to I'm in the agricultural sector, or what prop trading is.

This is how parachuting works. You are a banker/ accountant and you want to get into the development sector(I hate this stupid NGO terms). You look and apply for a job in the sector that is closely related to what your doing so finance department at the NGO or something. Then move to the area of interest within the organization having had some experience.

In your case you should just apply from a Job you are interested in. If you have a passion as you claim, you probably know a lot about the work it involves. Infact you can probably take a junior level or entry level position if you really want to change careers and parachute out once you have some experience in the field.

Save the money and don't waste it on degrees that do not make a difference.


Laughing out loudly

nditto. Get an IT job in a firm you'd want to practise trading in. Learn the rope from inside. Funny how Kenyans view papers, its engraved in our education system. Makes us crammers and not implementors.

If its a piece of paper you want, you are in IT design and print out one! If its knowledge get it from the best of best, by learning on the job! And making a salary while you are at it.

Proverbs 19:21
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2025 Wazua.co.ke. All Rights Reserved.