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Career switch to Finance by doing an MBA followed by or combined with a CFA? |
Hi all, I am 28, Asian, I am a Mechanical Engineer with a degree (average grade), currently working for a Steel Manufacturer (Maintenance Dept) here in Ontario, Canada. It's not that I hate my job, it's quite stable, but there is not much money in it. Would an MBA (Major or even Master in Finance), combined with a CFA help? I mean, is it worth even pursuing an MBA, then get into the Finance field, and well, go from there? I have some interest in Finance, but have no experience/background. I buy/sell stocks but only for extra money and my interest/hobby. Should I do Cert. courses in Finance/investment to get a feel for it? Would MBA/CFA prosper a lucrative career? Am I too old for a career switch? Please advise. Thanks a million. What skills or talent are required to do well in MBA and CFA? Please advise. What kind of a person should work in Finance? Thanks. There is demand on wall street for CFA's with specific industry knowledge. Combining your intimate knowledge of the steel industry with the finance knowledge neccesarry to evaluate and analyze business would be a potent combinaton. At 28 you are definitely not too old. Typical wages for a finance MBA is $100+ (assuming it is from a good school) and with a CFA finding a job should be easy. Definitely look at some of the questions on the CFA exam as it will give you an idea of what you will be studying in the MBA program and obviously for the exam. If finance is something you like I would tell you to definitely go forward. |
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