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 Top Ten Careers in Finance
금융리스크관리 |
2009/11/09 16:42
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FRM 메일링 리스트에 올라온 글입니다.
역시 개인 투자가 쪽에 자산관리 쪽이 가장 좋은 직업인듯 하군요.
1. Private equity: The role of private equity is to raise funds from large investors and invest the money directly into businesses. The usual manner is to raise money from overseas investors and then find businesses in the growth stage. Most private equity funds 'exit' the investment after a period of time by selling their holding in the business to some other investors or doing an initial public offering of the shares of the business.
2. Investment Banking/Merchant Banking Investment banking comprises two major businesses. One is the advisory/ corporate finance role which entails mergers and acquisitions. This would entail understanding valuations, finding targets, negotiation and compliance with legal regulations. The second role is what is more popularly called equity capital markets role. This entails helping corporates raise funds from investors or the public. So it may entail working on IPOs or Institutional Offerings.
3. Fund Management: As a fund manager, one is an important decision-maker typically at a mutual fund. The fund manager has a good overall understanding of the macro factors which affect the markets as well as the micro factors about which company to invest in. He invests money in stock market, debt market, directly into companies, etc depending upon his fund mandate.
4. Equity Research & Sales: The role of equity research is to find out the correct value of the stock which is trading on the stock exchange doing various types of research namely fundamental and technical analysis. There are two types of ERs though. One is the sell-side research which belongs to a brokerage, the aim is to do research and sell investment ideas to investors so as to earn commission on trading by the investor. The second is buy-side research, which is a part of usually a buy side fund like a mutual fund. They analyse the research results of various brokerages in addition to their own research on investment ideas for the fund manager
5. Project Finance & Debt Syndication This role entails arranging for long-term finance for infrastructure and industrial projects which will take a long time to pay back. The first step is to understand the project, conduct a feasibility study, risk assessment and a detailed financial model. This is done with the purpose to rope in equity partners (known as sponsors) and lenders. Generally the lending part is done by multiple banks under leadership of the syndicate bank.
6. Financial Risk Management: Financial risk management is the practice of creating economic value in a firm by using financial instruments to manage exposure to risk, particularly credit risk and market risk. Similar to general risk management, financial risk management requires identifying its sources, measuring it, and plans to address them. Financial risk management can be qualitative and quantitative. As a specialisation of risk management, financial risk management focuses on when and how to hedge using financial instruments to manage costly exposures to risk. In the banking sector worldwide, the Basel Accords are generally adopted by internationally active banks for tracking, reporting and exposing operational, credit and market risks.
7. Corporate Banking This role entails the entire plethora of banking services required by corporates. Corporate can be divided into largely two sections Large Corporates and MSME which is Medium and Small enterprises. A corporate banker would thus have companies as his clients and service them. Within corporate banking some of the departments are:
Credit Borrowing to companies for their expansion and working capital requirements. Would entail doing a credit evaluation on the company and sanctioning the loanTreasury Help companies manage various types of risks such as foreign exchange, interest rate fluctuations. Treasuries also take proprietary positions to make profit in the 'forex' and bond markets.Cash Management Solutions: As most companies have a large number of customers, distributors or branch offices across the country it becomes a huge challenge to deal in money. Banks offer cash management solutions to help streamline this entire operation for its corporate customers.
8. Wealth Management: Wealth management is an investment advisory discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services. High net worth individuals, small business owners and families who desire the assistance of a credentialed financial advisory specialist call upon wealth managers to coordinate retail banking, estate planning, legal resources, tax professionals and investment management. Wealth managers can be independent, certified financial planners. One must already have accumulated a significant amount of wealth for wealth management strategies to be effective. Wealth management can be provided by banks, brokerages, independent financial advisers or multi-licensed portfolio managers whose services are designed to focus on high-net worth customers. The fallout of the events of 2008 has produced a high level of skepticism and distrust among investors, and they will demand greater transparency from their providers to understand what they own, the value of their investments and associated risks.
9. Retail Banking Also known as consumer banking, it entails dealing with products / services for individual customers. So the scope encompasses getting business for products such as credit cards, savings accounts, personal loans and auto loans. Operational roles would entail teller, authorising, clearing, remittances and customer service.
10. Corporate Finance: A career in corporate finance means you would work for a company to help it find money to run the business, grow the business, make acquisitions, plan for its financial future and manage any cash on hand. You might work for a large multinational company or a smaller player with high growth prospects. The job of the financial officer is to create value for a company. As a corporate finance professional one is typicall involved in four main activities to meet its objectives: 1) designing, implementing and monitoring financial policies, 2) planning and executing the financing programme, 3) managing cash resources, and 4) interfacing with the financial community and investors. Jobs in corporate finance are also relatively stable. Performance in these jobs counts, but your job is not going to depend on whether you're selling enough this week or getting good deals finished this quarter. Rather the key to performing well in corporate finance is to work with a long view of what's going to make your company successful. Many would argue that corporate finance jobs are the most desirable in the entire field of finance. Some of the benefits of working in corporate finance are:
· You generally work in teams which help you work with people
· It's a lot of fun to tackle business problems that really matter
· You'll have many opportunities to travel and meet people and
· The pay in corporate finance is generally quite good
Thus, a budding financial wiz should look at understanding which area interests him/her the most and build skill sets which can help take the leap into financial sector. |
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일본의 경기 회복전망
일상사/회상 |
2009/11/01 13:33
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출구전략을 논의하고 있는 아시아,남미권 일부국가와 달리 일본의 경기전망은
데플레이션 극복에 초점을 맞춰져 진행되어야 한다는 내부논의가 일어날 정도로 일본의
경기회복에는 여타 국가와는 다른 많은 문제가 있습니다.
시장 상황은 글로벌 경제위기 이후에 엄청난 손실을 입은 국제적 투기자금운용사들이 더높은 레버리지로
자금을 운용하기 위한 무리수 들로 인한 실질경제 지표와는 동떨어진 자금시장과 현물 시장의 요동을
일부에서는 경기회복(전환 국면)이라는 잘못된 판단을 하고 있는 듯 합니다.
금융시장과 실질경제의 상호관련성이 줄어 가고 있는 것도 이런 상황을 발생시키는
원인이라고 보여 집니다.
너무 빨리 금융위기에 교훈을 잊어 가고 있는 것이 아닌가 하는 우려가 됩니다.
실질경제 지표 (설비투자,재고율,실직율등 )개선이 없는 상황에서 일어나고 있는 원유가격등
현물시장 의 가격상승 주식시장의 활황은 투기자금의 영향이 아주 큰 부분을 차지하고 있습니다.
과연 일본 경기 회복의 전망은 어떠 한가?
저는 아주 회의적이라고 보고 있습니다.일본의 잃어버린 10년간 글로벌 시장은 중국의 팽창과 금융시스템의
국제화로 양적인 팽창이 지속되던 시기 였습니다.2000년부터 2008년 중순까지의 일본경기 회복은 이런 시장상황의
영향이었다고 볼수 있습니다.
그럼 2010년 이후에는 과연 어떨까요?
2000 초반처럼 중국시장이 양적인 팽창으로 국제시장을 떠받혀 줄수 있을까요?
성장 동력의 한축을 차지하던 인터넷을 기반으로한 IT같은 새로운 시장이 다시 출현 할까요?
현재로써는 긍정적인 전망 보다는 부정적인 전망이 우세한것이 사실입니다.
이런 시장 상황에서 일본은 잃어 버린 10년을 극복하려는 적극적 준비가 부족했다는 점과 정책적
뒷받침의 부족으로 인해 국제적 주도권을 상실했다는 점이 문제를 더욱심각하게 만들고 있습니다.
컨트롤 부재의 상황으로 빠저들고 있는 것이죠.
2010년 -2015년 정도까지 글로벌 금융시장의 안정이 유지 되어 진다는 전제를 하더라도 일본의
경기가 극적으로 회복되기는 불가능한상황이라 판단 되어 집니다.
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kill session
기술관련/SAP |
2009/10/23 13:20
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Go to SM04 ..
Choose the user id who is locking the session. Press Sessions
button , one pop up window will come , from that choose the transaction and
press end session.
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| 이 글의 관련글(트랙백) 주소 :: http://basicjava.mireene.com/trackback/246 |
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일본에서 8년
일상사/회상 |
2009/10/05 20:56
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주말에 10월 중순에 한국 으로 돌아사는 친구 송별회가 있었다.
일본에 온지 8년 만에 한국 으로 완전히 돌아가는 .
한국 대기업에 취직이 되서 들어가는거라 어찌 보면 잘됬다고 할수도..
솔직히 지친게 아닌가 하는 생각이 든다.결혼문제도 있고 35이 다 되가는 나이에 일본에서 커리어에
한계를 느낀것이 돌아가는 가장큰 원인이 아닌가 하는 느낌을 받는다.
다음주면 비자 연기 신청을 해야 한다.
이번 비자 연기로 3년이 나오면 내후년 중에 영주권을 신청할 생각 이다.
직업에 자유로운 선택.물론 능력이 따라 줘야 하겠지만.
영주권이 내게 주는 가장 큰 매력이다.
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| 이 글의 관련글(트랙백) 주소 :: http://basicjava.mireene.com/trackback/245 |
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Windows 2008 Failover Cluster
기술관련/Problem Solver |
2009/09/30 19:56
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∴Windows 2008 Cluster 説明
http://www.microsoft.com/japan/windowsserver2008/webcast/300/silverlight/MSFC/default.html |
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| 이 글의 관련글(트랙백) 주소 :: http://basicjava.mireene.com/trackback/244 |
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실버위크
일상사/회상 |
2009/09/25 19:44
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50장 정도되는 기반 시스템설계서를 끝내고 10월 부터는 DR설계서 작성에 들어 간다.
목,금을 끼워서 긴 연휴를 시험 공부에 투자 하고 싶었는데.일이 역시 바쁘다.
신입 사원들 때문에 프로젝트 내부에는 신선한 기운 보다는 엄격하고 경직된 분위기가 감돈다.
매일 아침 신입 사원들의 작업 발표와 작업 보고서에는 빨간팬 투성이다.
컨설팅 회사라 역시 빡세다.
기존에 회사들과 비교해보면 3-4년 차에 똑똑한 친구들은 정말 잘 달련됬다는 느낌을 받곤 한다.
그러는 나도 단련되고 있는 중이지만.쿨럭..나이가 있으니 힘들다.
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| 이 글의 관련글(트랙백) 주소 :: http://basicjava.mireene.com/trackback/243 |
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SAP SQL Server Transaction
기술관련/MSSql |
2009/09/18 10:58
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• Performance = ST04
• Space = DB02
• Backup and Recovery = DB12
• Configuration = Some ST04 detail screens plus new ones
• Jobs = DB13 and DB13C
• Diagnostics = Some ST04 and DB02 detail screens plus new ones |
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2009년 9월 12/13 FRM준비상황
금융리스크관리 |
2009/09/14 18:00
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계획
주말 12시간투자
금 2H
토 4H
일 4H
Bond Prices,Discount Factors,and Arbitrage
Bond Prices,Spot Rates,and Forward Rates
Yield to Maturity
One-Factor Measures of Prices Sensitivity
실적
주말 7시간
금 3H
토 3H
일 1H
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