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Request for advice on Academic pusuit for change of Industry

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Intern
Intern
Joined: 07 Dec 2009
Posts: 1
Followers: 0

Kudos [?]: 0 [0], given: 0

Request for advice on Academic pusuit for change of Industry [#permalink] New post 07 Dec 2009, 16:46
Dear All,

Thanks for being patient in reading my 1st post.

I'm a 28yrs old Singaporean male working in an IT project management role for my previous job in a Hotel. I'm currently unemployed by choice so that I may be accepted for a heavily subsidized postgraduate government program that train ERP (SAP) professionals. Upon my graduation from the program, I would need to serve a 20mth bond in that role regardless of whatever industry I'm in.

I have an intention to work in the finance industry as an Investment Analyst upon graduation and had attempted on my CFA level 1 twice (failed due to work commitments). My grades for my Bachelor's Degree in Computer Engineering are average (Pass with no honors). I'm currently pursuing a diploma in Accounting & Finance (local polytechnic) and graduating in 2010.

Understandably the Finance industry tend to hire graduates (less than 30years) for entry level positions.

Is it a wise choice to pursue a Masters of Finance, Masters of Financial Engineering or should I be doing an MBA (Finance) that could give me a shot at the interviewing table? The duration of the above-mentioned course is 1.5 years.

A 2nd alternative which I might consider is getting a CIMA (Chartered Institute of Management Accounting) which could lead me to a CPA (Chartered Accountant). This route will lead me to a more accounting-based career rather than a finance-related one.

My main motivation for working in the Finance industry is that the engineering profession is no longer highly regarded and there is limited career progression & remuneration as my country is moving away from engineering to a more service orientated economy.

Thank you
Intern
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Joined: 24 Nov 2009
Posts: 30
Schools: Oxford, Cambridge, LSE, MIT, Vandy, Boston College, IE, Illinois, Villanova
Followers: 2

Kudos [?]: 12 [0], given: 1

Re: Request for advice on Academic pusuit for change of Industry [#permalink] New post 08 Dec 2009, 06:28
There is too much going on here for an outsider on the internet to comment on what you should do, but here goes.

30 is too old for a masters program, you would have to do an MBA, and even in that kind of program, you would feel a little out of place. IT from Singapore means that you will not be unique, and your undergrad grades will not help, nor your unemployment. I do not understand how an information systems program and 20month job will get you into finance. If you truly want to be in finance, I would drop out, move to NY, HK, London, take part time classes at a local uni for some sort of certificate/diploma, get an internship, and just start banging on doors hoping for a chance. But, thats easy for me to say, just understand how hard it is to break into finance.
Re: Request for advice on Academic pusuit for change of Industry   [#permalink] 08 Dec 2009, 06:28
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Request for advice on Academic pusuit for change of Industry

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