[re] MBA님

  • #148946
    MBA 198.***.19.20 3840

    Hello,

    Recently, job mkt of financial industry has been very good and it looks like it will be so for some time.

    Sounds like you are going to graduate from undergrad program… As you know, there are so many financial companies so I can’t really define a typical career / opportunity… but in case of large Wall Street firms, they typically offer “analyst” program for undergrads, where you may (or may not) have a chance to be rotated around different groups for some time period and get assigned to a specific business unit.

    In many cases, these analyst level employees end up going for an advanced degree like MBA, simply because it’s difficult to be promoted to “associate” level otherwise. Of course, there are always exceptional people who make it to the associate position, but just like many mgmt counsulting firms, it is the sign that you need to leave for the career advancement if you don’t get promoted within 2-4 years — so many analysts leave for more study at that point.

    And, yeah, obviously school/program’s reputation matters much. Does not mean that you can’t get a decent job with the degree from 2nd tier schools, though… it’s just a little more difficult as you can imagine…

    Financial indsutry in Korea… definitely it is getting better, I guess. But, I don’t want to go back and work in Seoul just yet.

    Hope this helps!

    >Hi,
    >I have some questions about finance field…
    >how’s finance fieldl? such as job availability and career perspective? Yes, I know it’s too vague, but what can a student expect after the graduation?
    >secondly, do I have to go to B-school? and if so, does it matter which school I go? Obvisouly it matters, but what about the average position?
    >and lastly, what do you think the finance field for Korean?
    >thanks

    • 69.***.114.77

      Thanks for your reply Mr. MBA
      Well actually, I’m about to transfer into 4-year university this fall as a finance major. Also, I’ve searched the web about the job market, and it didn’t seem quite promising for a finance major. That got me thinking should I change my major to accounting or just stay put? Yeah, I suppose I could take accounting as minor, but given the circumstance, I just don’t have much time and money – I have to work to pay for my room and tuition and I’m 22. Well enough about the bragging. Anyway, if you don’t mind, what can a person earn as an entry-level finance analyst or staff-accountant? Salary.com seems a bit bias and I just want to hear from real person. And thanks for everything.

    • MBA 70.***.104.172

      괜찮은 금융회사들은 학교 on-campus recruiting만 합니다. 학교에 리크루팅을 오는 회사들의 설명회등을 열심히 따라다니는 것이 중요하지요… 일단 금융회사의 pay가 Big 4등의 entry level accountant들보다는 나을 겁니다. 하지만 pay가 다는 아니고… 회계쪽이 더 적성이 맞는 경우도 있겠죠. 뉴욕소재의 대형 금융회사들의 경우 보너스까지 합치면 under 갖나온 경우라도 정말 많이 받는 경우가 많습니다 (처음엔 6 figure는 안되리라 생각합니다만 2-3년 경력쌓으면 시간 문제죠…). 물론 근무시간 등 따지자면 단순비교는 힘들지만.