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How does one become a trainee dealer?
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nesta
#1 Posted : Friday, October 18, 2013 11:53:34 AM
Rank: Member

Joined: 12/17/2009
Posts: 121
Location: Nairobi
What qualifications does one need to have...what about private equity firms....how does one land on an opening?
On Christ Alone
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guru267
#2 Posted : Friday, October 18, 2013 1:59:43 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Trainee dealer is a very hard one to get... But what I did was to apply as a credit analyst in the bank first and then made friends with the head of treasury.. All I had to do was display my passion for finance and markets and I was In at the first opening...

So if you are willing to start with less just take the leap!

Private equity is just too hard right now... These ones are got through phone calls and lunch dates!!

Mark 12:29
Deuteronomy 4:16
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nesta
#3 Posted : Friday, October 18, 2013 2:56:05 PM
Rank: Member

Joined: 12/17/2009
Posts: 121
Location: Nairobi
guru267 wrote:
Trainee dealer is a very hard one to get... But what I did was to apply as a credit analyst in the bank first and then made friends with the head of treasury.. All I had to do was display my passion for finance and markets and I was In at the first opening...

So if you are willing to start with less just take the leap!

Private equity is just too hard right now... These ones are got through phone calls and lunch dates!!



Thanks. So like to be a credit analyst, what qualifications does one need? Or to be in private equity. Does a basic degree in Finance count or do i have to be an MSc. or CFA?

Thanks
On Christ Alone
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Wondergirl
#4 Posted : Friday, October 18, 2013 3:25:13 PM
Rank: Member

Joined: 9/12/2009
Posts: 312
guru267 wrote:
Trainee dealer is a very hard one to get... But what I did was to apply as a credit analyst in the bank first and then made friends with the head of treasury.. All I had to do was display my passion for finance and markets and I was In at the first opening...

So if you are willing to start with less just take the leap!

Private equity is just too hard right now... These ones are got through phone calls and lunch dates!!


Good afternoon Chief Madam Guru,
I noticed in another thread that you work for NIC.
My broker is NIC Securities, here in Kenya. However, as much as they are prompt in making my transactios they are very passive, they do not attempt to advice for or against any decision I make. The good deals I have made have been sorely through the advise of Guru's like you, vitu vingi,stockmasters etc here in Wazua. No deliberate intervention by NIC. Is it supposed to be like that, or would you suggest someonesmile ?
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guru267
#5 Posted : Friday, October 18, 2013 4:34:29 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
nesta wrote:
guru267 wrote:
Trainee dealer is a very hard one to get... But what I did was to apply as a credit analyst in the bank first and then made friends with the head of treasury.. All I had to do was display my passion for finance and markets and I was In at the first opening...

So if you are willing to start with less just take the leap!

Private equity is just too hard right now... These ones are got through phone calls and lunch dates!!



Thanks. So like to be a credit analyst, what qualifications does one need? Or to be in private equity. Does a basic degree in Finance count or do i have to be an MSc. or CFA?

Thanks


These days banks only want ACCAs and CPAs doing credit analysis!

To be in private Equity Msc. Finance or any Finance professional course eg CFA or CSIA!
Mark 12:29
Deuteronomy 4:16
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guru267
#6 Posted : Friday, October 18, 2013 8:22:17 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Wondergirl wrote:
guru267 wrote:
Trainee dealer is a very hard one to get... But what I did was to apply as a credit analyst in the bank first and then made friends with the head of treasury.. All I had to do was display my passion for finance and markets and I was In at the first opening...

So if you are willing to start with less just take the leap!

Private equity is just too hard right now... These ones are got through phone calls and lunch dates!!


Good afternoon Chief Madam Guru,
I noticed in another thread that you work for NIC.
My broker is NIC Securities, here in Kenya. However, as much as they are prompt in making my transactios they are very passive, they do not attempt to advice for or against any decision I make. The good deals I have made have been sorely through the advise of Guru's like you, vitu vingi,stockmasters etc here in Wazua. No deliberate intervention by NIC. Is it supposed to be like that, or would you suggest someonesmile ?


@Wodergirl I personally have never been advised by a broker and I don't think its the norm unless you ask for the advice...

My broker though sends me research reports with BUY, HOLD & SELL recommendations on various stocks via email...

A brokers advice should be taken with a pinch of salt as most of them are running unit trusts and are repeatedly recommending only stocks they hold Sad
Mark 12:29
Deuteronomy 4:16
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kizee1
#7 Posted : Monday, October 21, 2013 9:30:26 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
why do you want to be a dealer? what sort of dealer? a bank dealer? if so, FX FI or ALM?
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nesta
#8 Posted : Thursday, October 24, 2013 10:22:25 AM
Rank: Member

Joined: 12/17/2009
Posts: 121
Location: Nairobi
kizee1 wrote:
why do you want to be a dealer? what sort of dealer? a bank dealer? if so, FX FI or ALM?


Either FX or stock dealer. What's FI and ALM? Pardon my ignorance. I'm trying to shape my career in finance and i may sound kind of ignorant.Sad
On Christ Alone
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guru267
#9 Posted : Thursday, October 24, 2013 10:27:30 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
nesta wrote:
kizee1 wrote:
why do you want to be a dealer? what sort of dealer? a bank dealer? if so, FX FI or ALM?


Either FX or stock dealer. What's FI and ALM? Pardon my ignorance. I'm trying to shape my career in finance and i may sound kind of ignorant.Sad



FI = Fixed Income
ALM = Asset & Liability Management

Mark 12:29
Deuteronomy 4:16
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nesta
#10 Posted : Friday, November 01, 2013 1:04:44 PM
Rank: Member

Joined: 12/17/2009
Posts: 121
Location: Nairobi
What about a research/investment analyst trainee/intern? I'm more interested with issues that deal with the stock market.
On Christ Alone
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