Finance Career Paths

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  • เผยแพร่เมื่อ 28 เม.ย. 2018
  • In the traditional finance world (excludes quantitative finance) there are a lot of career paths available. I have tried to cover the basic paths however you should know that people with finance backgrounds have ended up in all different types of jobs.
    Understanding what is required to get to specific careers is important as some paths require different degrees and experiences. These increase the costs associated with these paths and should be considered when reviewing compensation and job responsibilities.
    1) Private Equity (Usually investment banking experience is required)
    2) Hedge Fund (Usually investment banking experience is required)
    3) Investment Banking (Undergrad required)
    4) Wealth Management (Undergrad required)
    5) Corporate Finance (Undergrad required)
    6) Technology Jobs (Non-coding jobs and undergrad required)
    7) Consulting (Undergrad required)
    8) Business Development/Sales (Undergrad required)
    9) If you work hard you could end up in more quantitative jobs such as operational research but usually more quantitative course work or experience is required.
    Why We Quit Investment Banking ($100,000+ Salary):
    • Video
    Private Equity Compensation:
    www.wallstreetoasis.com/salar...
    Hedge Fund Compensation:
    www.wallstreetoasis.com/2017-...
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    teespring.com/stores/fancy-quant
    Connect with me:
    / dimitri-bianco
    / dimitribianco
    Support this Channel:
    / fancyquant

ความคิดเห็น • 198

  • @JurassicJolts
    @JurassicJolts 4 ปีที่แล้ว +187

    this video seemed unbiased. I also greatly enjoy that you didn't try to sell me anything.

    • @JurassicJolts
      @JurassicJolts 4 ปีที่แล้ว +1

      Do you know anything about careers in banking in the Fort Wayne area? I’m considering going back to school for finance and getting a certificate in bank management as well

    • @DimitriBianco
      @DimitriBianco  4 ปีที่แล้ว +1

      Unfortunately I don't know much about the Fort Wayne area.

    • @kwrer6087
      @kwrer6087 4 ปีที่แล้ว

      fyi,...The coronavirus reveals vulnerabilities in global financial markets l.linklyhq.com/l/2Hu #coronavirus #finance

  • @gilgameshbaratheon6460
    @gilgameshbaratheon6460 5 ปีที่แล้ว +78

    Finally a finance youtube channel that I can appreciate

  • @mastersupernova117
    @mastersupernova117 5 ปีที่แล้ว +49

    Important Correction:
    Analysts do not go on to get an MBA in order to become an IB associate and then move to a PE/HF role. Rather, they will move directly as an analyst to either a PE associate or IB associate position. There is no reason why an analyst would get an MBA to become an IB associate when they can be promoted internally without one. People in finance who were unable/chose not to do banking directly out of undergrad will have to get an MBA and then become an IB associate. However, post-MBA associates are generally expected to stay at the bank for the long run and will face much more difficulty moving to a PE/HF role as those firms do not generally recruit IB associates.

    • @JayNarayanan
      @JayNarayanan 2 ปีที่แล้ว +1

      Very true.

    • @harshjain3122
      @harshjain3122 11 หลายเดือนก่อน +4

      Why do they not recruit IB associates?

  • @kishanpatel1119
    @kishanpatel1119 3 ปีที่แล้ว +1

    Thank you for breaking it down in such a simple manner, means a lot

  • @kpdenigma7444
    @kpdenigma7444 ปีที่แล้ว +1

    Thank you so much for the informative video! I graduate in two semesters with finance and am still on the fence about what route I have wanted to undertake - this helped significantly. Take care and look forward to future videos.

  • @usdfgashf
    @usdfgashf 5 ปีที่แล้ว

    Amazing

  • @kamdenferguson3206
    @kamdenferguson3206 5 ปีที่แล้ว +1

    Great video

  • @josuemiamire
    @josuemiamire 4 ปีที่แล้ว +102

    Thank you for clearing this up. My brother works in wealth management. He makes his 80-90k and still has a life outside of work, and I think that’s what I’d like to pursue as I finish my finance degree as well.

    • @T6ix23
      @T6ix23 4 ปีที่แล้ว +1

      Robin’ Hood Rookie what are u doing now

    • @Isaiah_McIntosh
      @Isaiah_McIntosh 4 ปีที่แล้ว +11

      @@T6ix23 I think he's still in his degree he only commented that a month ago.

    • @overthemoonflorist9135
      @overthemoonflorist9135 4 ปีที่แล้ว +6

      can u tell me what actually person in wealth management has to do? as a fresher what would be the first thing they are going to do?

    • @nguyenha526
      @nguyenha526 2 ปีที่แล้ว +4

      Hey bro, how are you doing today?

    • @brcey
      @brcey 23 วันที่ผ่านมา

      @@overthemoonflorist9135manage portfolios (difficult, managing & increasing assets), evaluate risk & determine financial decisions for your clients (many), hedge/derivatives, make sure EVERY client receives due diligence & try to never lose cash, advise clients business or personal, accounting, volatility, some computer science, study/evaluate markets & statistics (math), then think about how dreadful life is after a hard day of work. I’m stressed & barely into it

  • @Steve-eb8jc
    @Steve-eb8jc 5 ปีที่แล้ว +2

    very helpful, thanks

  • @tylerbrooks4860
    @tylerbrooks4860 4 ปีที่แล้ว +1

    Awesome video, really appreciate your effort!

  • @Bellestorm
    @Bellestorm 4 ปีที่แล้ว

    Awesome video. Thanks for the info.

  • @Zombiethefool
    @Zombiethefool 3 ปีที่แล้ว +1

    Thank you for being honest!

  • @menonguy
    @menonguy 5 ปีที่แล้ว +2

    this is great thank you.

  • @lokalkakan
    @lokalkakan ปีที่แล้ว +2

    About the "elite" part,
    Another way to rethink the issue is the value they look for. In Europe engineers from prestigious colleges and with prestigious degrees can be scouted.
    The value they look for is an overachieving mindset coupled with the best markers for learning a lot fast.

  • @naqu8677
    @naqu8677 5 ปีที่แล้ว

    Thank you so much, learn a lot from your video.

  • @bothoseretse9605
    @bothoseretse9605 2 ปีที่แล้ว

    I watched this video first time being here, man and I love it. Thanks for the wisdom again.

    • @DimitriBianco
      @DimitriBianco  2 ปีที่แล้ว

      I'm glad you found it helpful.

  • @justStardust940
    @justStardust940 5 ปีที่แล้ว +1

    great video! I wish i had found it sooner! you described everything in a friendly, understandable, and honest ways with great heads up!

  • @arpadnagy1354
    @arpadnagy1354 2 ปีที่แล้ว +1

    Thank you very much! Awesome content!

  • @andreipopescu4315
    @andreipopescu4315 4 ปีที่แล้ว +4

    Hey Dimitri, I love your videos, very condensed and informative. Can you comment please on science -> finance route, like going with PhD in Theoretical Physics to HF or AM firms. Is that possible to do just straight after graduation or an additional statistics/finance degree is necessary? Are there any benefits of having a PhD in a unrelated field (like theoretical physics) in quant finance?

  • @cameronkinsey2634
    @cameronkinsey2634 5 ปีที่แล้ว +1

    How can anyone dislike this video? Dimitri, you have earned yourself a new sub! Keep up the good work!

  • @PoweiKao
    @PoweiKao 5 ปีที่แล้ว +2

    Thank you for all these informative videos!

  • @Roclaph
    @Roclaph 5 ปีที่แล้ว +1

    Also, PE/HF analysts do make loads more than the base numbers you/the report states. those numbers are deflated greatly by non-top programs, and you are talking about the top programs.

  • @adeled8833
    @adeled8833 6 ปีที่แล้ว +3

    Yay! You finally made it! 😄

    • @DimitriBianco
      @DimitriBianco  6 ปีที่แล้ว +1

      It was a great ideas! Thanks for the suggestion.

  • @chazbrown0
    @chazbrown0 3 ปีที่แล้ว

    Great video! Do you have a video about using quantitative skills for retail trading?
    Your video about SAS, R, and Python in banking was also very helpful!

    • @DimitriBianco
      @DimitriBianco  3 ปีที่แล้ว +3

      I do not. For retail trading, diversification is a better approach as individuals will lack the technology, time, and other resources to make a consistent risk adjusted profit.

    • @chazbrown0
      @chazbrown0 3 ปีที่แล้ว

      @@DimitriBianco thanks!

  • @jules3414
    @jules3414 3 ปีที่แล้ว +2

    Hey Dimitri - great vids! What advice would you give somebody who didn’t choose a major that is applicable to the finance industry in his undergrad, but is highly interested in a finance career? Is a Masters in Finance enough to get a foot in the door? Or is a successful change unrealistic?

    • @DimitriBianco
      @DimitriBianco  3 ปีที่แล้ว +1

      It possible to switch over. I would take a look online at banks and find jobs that have your current skills. I've seen people start in some other department and then work there way over. A masters or MBA would be an easier path but more expensive.

  • @Roclaph
    @Roclaph 5 ปีที่แล้ว +17

    MBA/ IB Associate are not necessarily needed anymore to jump to PE (2 years as analyst is sufficient)

  • @sherineantony1775
    @sherineantony1775 5 ปีที่แล้ว +5

    Hey Dimitri, great video! Could you tell me how to go about Financial Consulting career path after undergrad?

    • @DimitriBianco
      @DimitriBianco  5 ปีที่แล้ว +4

      Financial consulting meaning a financial advisor is fairly straight forward. After undergrad you'll want to write a solid resume and then just apply. Getting a CFP or CFA would help increase your chance at getting a job more quickly. The CFA is respected more in the finance industry as a whole so I would go for that over the CFP.

    • @sherineantony1775
      @sherineantony1775 5 ปีที่แล้ว +1

      Great! Thank you so much. :)

  • @josefiol9520
    @josefiol9520 4 ปีที่แล้ว +2

    Great video, you adviced the computer science degree in order to get into the quant industry. What's the degree you recommend to follow this path?💪

    • @DimitriBianco
      @DimitriBianco  4 ปีที่แล้ว +2

      I actually have a video on Quant Finance Career Paths:
      th-cam.com/video/ptd4XicBUnY/w-d-xo.html

  • @Nithi17
    @Nithi17 2 ปีที่แล้ว +2

    Great video! For someone interested in statistics, math and finance , do you recommend finance path in undergrad or do you recommend taking math or finance in undergrad.

    • @DimitriBianco
      @DimitriBianco  2 ปีที่แล้ว

      I would recommend getting a statistics undergrad. It is a good mix of math, stats, and programming. If you want a minor then I would add finance.

  • @nanayaa7795
    @nanayaa7795 4 ปีที่แล้ว +6

    Hi, this might seem like a silly question but I’m new to this so bear with me. How does the consulting mentioned in this video ( which I’m assumais financial consulting) differ from management consulting?

    • @DimitriBianco
      @DimitriBianco  4 ปีที่แล้ว +1

      For this video I'm using consulting as a broad term which would include financial consulting, accounting, and management consulting.

  • @andrewbathija6225
    @andrewbathija6225 5 ปีที่แล้ว +10

    Hey Dimitri! I’m a 16 year old high school student looking to plan out my future. I am highly motivated by money and that’s why I am so interested in the world of finance. First of all, thank you very much for this video. It really helped me understand a typical finance career path. I’m going into my junior year, and I feel like I have a great shot at getting into those “target schools” you mentioned. The dream is Penn (Wharton), but if not, then definitely NYU (Stern) or Columbia. I was wondering what you think about this career path for myself:
    June 2020 - Graduate High School
    May 2021 - Complete Freshmen Year of College
    May 2022 - Complete Sophomore Year of College
    May 2023 - Complete Junior Year of College
    Summer 2023 - Internship at Investment Bank
    May 2024 - Graduate College with BBA
    May 2024 - Apply for Job as Investment Bank Analyst
    August 2026 - Leave Job as Investment Bank Analyst
    August 2026 - Begin MBA Program
    May 2027 - Complete first year of MBA Program
    May 2028 - Graduate with MBA
    May 2028 - Apply for Job as Investment Bank Associate
    May 2030 - Leave Job as Investment Bank Associate
    May 2030 - Apply for Job as Hedge Fund Analyst
    Sounds typical to me. Just want to earn a lot of money with the skills I have. Your opinion would be highly appreciated, along with any suggestions along the way. Thanks so much!

    • @DimitriBianco
      @DimitriBianco  5 ปีที่แล้ว +23

      While your plan looks straight forward and follows the most traditional route, my advice would be advice I received from an industry professional many years ago. "Goals are never met linearly."
      While you have a plan that looks reasonable life is always random. Better opportunities might arise, bad luck can occur, and personal interests will change. In college I wanted to be a trader more than anything. Upon graduation I realized the industry I loved only existed in the 80's and 90's. Trading had changed however I want to work in quant trading which lead me to financial engineering. Again more information lead me to pursue other areas of quant finance which has lead me to risk management. I would continue to pursue your goal to work for a hedge fund if this is your passion but be expected for life to change directions.
      As a side note, I would encourage you to research what it's like to work at a hedge fund. You might discover many hedge funds are quant funds which means they hire Masters and PhDs in quantitative areas not traditional finance however there still are traditional funds out there. You might find my quant finance career paths interesting.
      th-cam.com/video/ptd4XicBUnY/w-d-xo.html

    • @ganjabobby
      @ganjabobby 5 ปีที่แล้ว +4

      @@DimitriBianco Honest response. Subscribed.

    • @riashadbro
      @riashadbro 3 ปีที่แล้ว +1

      As someone who interned at Goldman and rejected full time offer to go to med school, your life plan will change significantly over time as you LEARN more. Investment banking or finance is an absolute low value added service to society - you only get one life and out of EVERYTHING, that is what you are boxing yourself into before you even start your undergrad? Take your time and learn about what you want in life first. These investment banks (And I only applied to Goldman which is the most competitive) do not sound as good when you are actually in.

    • @aniketbachate5776
      @aniketbachate5776 2 ปีที่แล้ว

      @@DimitriBianco If by trading you mean trading in stock market or as a day trader then you are so wrong my friend. Trading has just got better with technology and information on the Internet and there is so much scope in this field if one chooses to make it a career.

    • @Deeb741
      @Deeb741 11 หลายเดือนก่อน

      How is it going Andrew

  • @Han-rg4zt
    @Han-rg4zt 3 ปีที่แล้ว +3

    Hey Dimitri, great video, I do have a dilemma for finance and quantitative finance, if I pursue a com sci degree I could either jump in to these 2 categories am I right? Since STEM degree have much math rigorous compare to solely just finance degree?

    • @DimitriBianco
      @DimitriBianco  3 ปีที่แล้ว

      CS undergrad will set you up for a masters which is required for quant finance. There are also implementation jobs in quant finance and many companies will hire CS undergrads for this. As for traditional finance, most companies want a finance it accounting degree. It's possible to work in finance with a CS degree but unlikely.

    • @Han-rg4zt
      @Han-rg4zt 3 ปีที่แล้ว +1

      @@DimitriBianco but as we are moving to digital age, don't those traditional finance firm hire those CS undergraduate? For say one report saying Goldman Sachs replaced traders with engineers. Since machine could out-do conventional models by running algorithms? Correct me if I'm wrong

  • @marymcwatters7606
    @marymcwatters7606 2 ปีที่แล้ว

    Hey Demitri thanks for the great advice, what would you recommend for a homemaker that's been out of work for year, but has a finance degree?

    • @DimitriBianco
      @DimitriBianco  2 ปีที่แล้ว

      I would first think about what interests you. I would also consider how pretentious the area of work would be. For example, if you dream job is to work in investment banking I would apply as you never know if you'll get an offer however realize they are more concerned with where and when you got the degree. Corporate finance in general is more broad meaning you'll run into more people who are understanding of the decision to be a homemaker as a job for some time. I would even list on the resume that you were a homemaker. With covid and how the markets are changing, I think more people are understanding of the decision to be a homemaker. A colleague of mine actually took off a few years to be a stay at home mom but is now looking to jump back in.

  • @XxVidMakerxX
    @XxVidMakerxX 6 ปีที่แล้ว +2

    Hi Dmitiri, could you do a similar video for us quantitative finance/MFE people ?

    • @DimitriBianco
      @DimitriBianco  6 ปีที่แล้ว +2

      I do plan on making a similar one for the quants.

    • @bosunfalade2777
      @bosunfalade2777 6 ปีที่แล้ว

      Will that cover Equity research/Strategy roles? Do they fall under the quantitative banner?

    • @DimitriBianco
      @DimitriBianco  6 ปีที่แล้ว +1

      Bos Fa depends on the type of fund. If it's an algo or stats arb type fund it's quant. If its working at a big bank like Citi, it would fall under investment banking or wealth management.

  • @lianwolf2109
    @lianwolf2109 8 หลายเดือนก่อน +1

    Hey Dimitri, thanks for the video. I'm currently at university for an econ undergrad with specialization on finance, however I'm really interested in quant finance.
    I'm planning to do an math undergrad after I've got my bachelors degree in econ. I'm from Germany and have the option to either study pure math or "Wirtschaftsmathematik" which is mostly applied math with some econ courses. If I'm planning to do a quantitative finance master afterward, would it be enough to study Wirtschaftsmathematik or would a pure math degree be the better option?

    • @DimitriBianco
      @DimitriBianco  8 หลายเดือนก่อน +1

      I would do applied math as quant finance is really a subset of applied math.

    • @lianwolf2109
      @lianwolf2109 8 หลายเดือนก่อน

      Thank you very much for the answer@@DimitriBianco

  • @sapien3000
    @sapien3000 4 ปีที่แล้ว +2

    Can you make a video about skills that you need to know

    • @DimitriBianco
      @DimitriBianco  4 ปีที่แล้ว +2

      Yeah, I'll add it to my production list. The video will be focused on traditional finance which is what this video covers.

  • @ErikPT
    @ErikPT 5 ปีที่แล้ว

    Hey what about hard skilled workers? I read that other than Investment Banking like say mortgage underwriting, mortgage loan officer, auto loan underwriting etc, or credit analyst, budget manager, I’m an undergraduate in accounting and I’m learning in addition to accounting the world of finance. I personally would rather be CFA or FRM as a main goal which is business finance. As for how I’ll get to it? After accounting I’ll go for my bachelors in finance and try to work at least in some higher level of finance maybe not commercial banking but maybe in business finance.

    • @DimitriBianco
      @DimitriBianco  5 ปีที่แล้ว

      Erik P.T. those would be considered corporate finance. It's just in a banking setting.

  • @waldenwasted2665
    @waldenwasted2665 5 ปีที่แล้ว +1

    Hi Dimitri, I'm from Italy and i'm about to take a BCs in CS and I would like to work in finance. What would you suggest to do in order to take this career path?
    As I come from an Italian university, isn't my uni seen as a target school?
    Would suggest to take a Master Degree in Finance or Quant or CS/AI ?

    • @DimitriBianco
      @DimitriBianco  5 ปีที่แล้ว +1

      Target schools are schools that banks choose as their main areas for recruiting. I'm not sure how it is in Italy however in the US schools such as the top finance/business programs are usually the target schools.
      As for the Masters, it depends on what interests you and what you really want to do. If you want to work in traditional finance I would suggest a Masters in Finance. If you like the idea of finance however you prefer to do math and stats, then I would get a degree more related to quant. If you like the idea of finance but prefer CS, then I would get a Masters in CS. The AI degrees are a mix of stats and programming but I'm not sure how many banks and finance companies are hiring pure AI degrees.

  • @Xez1919
    @Xez1919 3 ปีที่แล้ว +1

    What career advice do you have for someone who:
    - graduated in economics from a target university
    - values a great work-life balance
    - seeks to manage own fund and/or business in the long-term (not endowed with the required capital)
    - secured a rotational finance graduate program in a f500 (m&a, trading, controlling, etc.)
    - Proceed with the f500 finance graduate program? Stay in an f500 or switch to IB?
    - get a CFA/ CAIA?
    - What roles allow to generate the required capital the fastest, while still maintaining a work load below 60h/week?
    -- IB?
    -- hedge fund?
    -- asset management?
    -- energy/ commodities trading?
    I know this is pretty random, but I just try my luck :-) any oponion is appreciated.

    • @DimitriBianco
      @DimitriBianco  3 ปีที่แล้ว +1

      If you want a good work life balance and I am assuming low stress with it, I would stay in the f500 program and get the CFA. To make good money in IB, trading, or hedge funds will require a lot of work and stress compared to f500 job. Working at a f500 will also give you enough experience to see how a firm operates if you want to start a business later down the road.

    • @Xez1919
      @Xez1919 3 ปีที่แล้ว

      @@DimitriBianco Thanks, I also see it as a trade-off between the capital you accumulate per year vs the stress level. My concern is that you may get bored later down the road in an f500, but then it's maybe too late to switch. On the contrary, you can always leave IB. That's why I consider to work for an m&a advisory group after the program, unless the company makes an offer that is too good to turn it down.
      Edit: the company made an offer I couldn't turn down :-)

  • @dreyadreya972
    @dreyadreya972 2 ปีที่แล้ว +1

    Hi Dimitri, nice video here. A question though, I did my undergrad in a non-finance course and I want to switch over to finance. Does taking an MBA in finance increase my chances of I should do a fresh degree?

    • @DimitriBianco
      @DimitriBianco  2 ปีที่แล้ว

      An MBA would allow you to transfer into finance.

  • @isidrosamperio2414
    @isidrosamperio2414 4 ปีที่แล้ว

    Good video! I have a question. In which area can I start and end working on private equity after a MBA. I am study, I graduate next year.

    • @DimitriBianco
      @DimitriBianco  4 ปีที่แล้ว +1

      Private equity (PE) is usually done after a few years working at an investment bank. It is possible to go from school straight to PE but it's much harder. A well ranked MBA can help make the process easier.

  • @ananthurajagopal9854
    @ananthurajagopal9854 2 ปีที่แล้ว

    Dear Dimitri, Do i need to learn data analytics if I'm pursuing a degree im corporate finance and accounting.

  • @joelrondinella2145
    @joelrondinella2145 5 ปีที่แล้ว

    Dimitri, how marketable will my undergrad in finance from Ohio State be? Also, what are my best options in Columbus, OH? What does my path/ladder look like if I work for an insurance company like Nationwide who is headquartered here? If you have any better ideas or advice I would appreciate it thanks.

    • @DimitriBianco
      @DimitriBianco  5 ปีที่แล้ว +2

      I'm not sure about the insurance side specifically however OSU has a good reputation in general (I'm saying this as a Michigan grad lol). If you can get into an insurance company they can be great to work for due to the job stability and the work is usually interesting. If you do corporate finance/financial analytics you should have options later down the road to look at other industries as well. If you end up in the actuary side, the exams will determine your title and pay grade which is nice because it is predictable.

    • @DimitriBianco
      @DimitriBianco  5 ปีที่แล้ว

      If you are interested in banking, Huntington and JP Morgan have offices in Columbus.

  • @KyungpilKim-pc9qh
    @KyungpilKim-pc9qh 6 ปีที่แล้ว

    Hi, Dimitri. What should students do majoring other than finance, computer science, mathematical things assuming that they have at least CFAs.

    • @DimitriBianco
      @DimitriBianco  6 ปีที่แล้ว +2

      Kyungpil Kim for the jobs in this video a finance degree is best. Math and computer science won't help in general finance.

  • @muhannad1697
    @muhannad1697 4 ปีที่แล้ว

    I saw your video about the racing cars engineer and the one who race using the car etc.., with that being said ,do you think as an engineer that it will be time those engineers will design a car that it drive it self and affect all that jobs in this video by cutting jobs lowering the salaries etc.. .
    Thank you.

    • @DimitriBianco
      @DimitriBianco  4 ปีที่แล้ว +1

      No I don't think the modeling process (quant finance) will ever truly be automated. Many new tools and processes will be automated however the problem with finance is we model people and people are always changing. Hard sciences are easier to model because things like physics have actual rules that don't change.
      I think those in traditional finance will be replaced with quants who automate their jobs on the analytics side. Traditional finance adds value through relationship building and working with clients which will always be needed. The traditional finance side is falling behind quant finance in analytics. Just look at returns between quant hedge funds and traditional hedge funds.

  • @vionalena472
    @vionalena472 3 ปีที่แล้ว

    like what is other reasons of getting into a particular career? its mostly money/compensation lol. Just that you get experience, knowledge and network as an added advantage of working lol. I hate how people demonize THE BAG.

  • @andreeagheorghe610
    @andreeagheorghe610 4 ปีที่แล้ว

    Dimitri, thanks! One more question..Which one you think is better for a quant? Masters in Applied Statistics and Operational Research vs Masters in Mathematical Finance
    You can find their modules on these webpages, by scrolling to the Button "Read more about modules":
    Mathematical Finance : www.bbk.ac.uk/study/2020/postgraduate/programmes/TMSMATFI_C/
    Applied Statistics and Operational Research : www.bbk.ac.uk/study/2020/postgraduate/programmes/TMSSTAPP_C/

    • @DimitriBianco
      @DimitriBianco  3 ปีที่แล้ว

      It depends where you want to end up and what companies in London think of the programs. Risk management for example is mainly statistics. It is common to see those with a statistics background working in risk management. If you want to work more with derivative products, then the mathematical finance degree would be better as it would be more specific. Again, it depends on how companies in London view the programs. I've seen banks and investing firms who have no idea what financial mathematics is. They assume it is like finance and so they won't hire students. Other firms understand financial mathematics degrees and prefer them as they are typically more focused on financial applications of stats, math, and CS.

  • @oliveralaghbari4629
    @oliveralaghbari4629 6 ปีที่แล้ว +10

    can you talk about financial engineering !!

    • @DimitriBianco
      @DimitriBianco  6 ปีที่แล้ว +2

      Oliver Alaghbari I'll be making a similar video for the quant side.

    • @DimitriBianco
      @DimitriBianco  5 ปีที่แล้ว +2

      Financial Engineering Career Paths: th-cam.com/video/ptd4XicBUnY/w-d-xo.html

  • @LG_Av8r
    @LG_Av8r 3 ปีที่แล้ว

    Can you describe the difference between wealth management and financial consulting (eg CFP)? Will I end up pushing people to buy annuities and life insurance in wealth management?

    • @DimitriBianco
      @DimitriBianco  3 ปีที่แล้ว

      Wealth management is for advising people about investing. Financial consulting is where you work at a large consulting firm and advise corporations on their financial problems.

  • @cbass8202
    @cbass8202 5 ปีที่แล้ว

    Would trading assistant be considered a good entry level position to get or is analyst the only one?

    • @DimitriBianco
      @DimitriBianco  5 ปีที่แล้ว

      A trading assistant would be considered the same as an analyst because it is an entry level position. It is a good way to become a trader.

  • @NOVAsteamed
    @NOVAsteamed 5 ปีที่แล้ว +1

    Great video! What if I do my MBA right after Bcom without working in a company in between. Is that a good thing to do?

    • @DimitriBianco
      @DimitriBianco  5 ปีที่แล้ว

      This depends on what your goal is. Top MBA programs in the US require 2 years of work experience before applying. If you just want a general MBA and a job then you can go straight from undergrad to an MBA. If you are someone who wants to work on Wall Street or a top consulting firm then it is better to get a top MBA.

  • @T6ix23
    @T6ix23 4 ปีที่แล้ว +3

    Can u give me a list of undergrad colleges I should pursue for these careers

    • @DimitriBianco
      @DimitriBianco  4 ปีที่แล้ว +2

      A top 20 from the list linked below would make all of these career paths easier.
      www.usnews.com/best-colleges/rankings/business-finance

  • @justStardust940
    @justStardust940 5 ปีที่แล้ว

    but management consulting is probably even snobby than high finance when hiring... right?

    • @DimitriBianco
      @DimitriBianco  5 ปีที่แล้ว +2

      Investment banking would be equal to management consulting. The others are more relaxed.

  • @RohitKumar-sw8hu
    @RohitKumar-sw8hu 6 ปีที่แล้ว

    HI Dimitri,
    Great Video!!
    Just wanted to know your opinion on how a person with Masters in Data Science along with a CFA certification can break into Finance and what kind of roles are they best suited for?
    Thanks..Please making more videos!!

    • @DimitriBianco
      @DimitriBianco  6 ปีที่แล้ว

      Rohit Kumar a data science degree would be good for risk management or any area with model development.

  • @Tazmaniac610
    @Tazmaniac610 3 ปีที่แล้ว

    Oh hey old friend :D

  • @joshuajoshua46
    @joshuajoshua46 6 ปีที่แล้ว +3

    Hey, if I started out rough in high school which left me with a community college as my beginning option, is there any hope for me in appearing competitive?

    • @DimitriBianco
      @DimitriBianco  6 ปีที่แล้ว +8

      Joshua Joshua yes there is hope. The key is going to a better undergraduate university. I went to an average state university for my undergraduate but ended up in a great grad program. The same can happen with a community college.

  • @kostas3031
    @kostas3031 4 ปีที่แล้ว

    Do corporate earnings follow any distribution? Could quantitive finance be useful to estimate future earnings to find the value of a stock? if yes then quants can do the job of financial analysts better than them.

    • @DimitriBianco
      @DimitriBianco  4 ปีที่แล้ว

      Every distribution of corporate earnings is different so some might be stationary and have a specific distribution while others will be non-stationary and the distributions will change over time.

    • @kostas3031
      @kostas3031 4 ปีที่แล้ว

      got it! Thank you.

  • @sterlinelysee9
    @sterlinelysee9 3 ปีที่แล้ว

    I’m going to take Finance at Central Connecticut States University. Which branch do you think i can get a job more easily ? Please anyone can answer

  • @rebeccadcunha5972
    @rebeccadcunha5972 5 ปีที่แล้ว

    If im doing my Bcom degree of 3 years in a local university while pursuing acca so im confused for after 3 yrs since i do want to get in a target school so what do i do ???

    • @DimitriBianco
      @DimitriBianco  5 ปีที่แล้ว

      To get into a target school for graduate school (MBA), you'll need good grades from your undergraduate degree and good scores on your GMAT exam.

    • @DimitriBianco
      @DimitriBianco  5 ปีที่แล้ว

      The same will apply if you are going for a masters in accounting.

  • @rajverma-rz7ih
    @rajverma-rz7ih 5 ปีที่แล้ว +1

    Can I do Ms in financial engineering after persuing enviourmental engineering in India from a top college?

    • @DimitriBianco
      @DimitriBianco  5 ปีที่แล้ว

      Yes it is possible. There are a lot more financial engineering programs today than there were 5 years ago.

  • @Lance_A
    @Lance_A 3 ปีที่แล้ว

    Do you know how i can find out what target schools are for whatever individual companies I want to join

    • @DimitriBianco
      @DimitriBianco  3 ปีที่แล้ว

      I have never seen a list but a lot of companies hire locally. For example if a company is head quartered in Chicago you're better off going to a school in Chicago than somewhere else.

  • @TheAxhol
    @TheAxhol 4 ปีที่แล้ว +2

    I Will study economy, can I get an internship for an investment bank?

    • @DimitriBianco
      @DimitriBianco  4 ปีที่แล้ว +1

      It's possible if you network enough. Getting into IB can be challenging if you don't go to a target school.

  • @redd2182
    @redd2182 2 ปีที่แล้ว +1

    What about financial controlling?

    • @DimitriBianco
      @DimitriBianco  2 ปีที่แล้ว

      It would fall under corporate finance.

  • @VIVE305
    @VIVE305 3 ปีที่แล้ว

    So the typical route to get to private equity is:undergrad, 2 years investment banking, MBA, 2 years investment banking as an associate, then Private equity?

    • @DimitriBianco
      @DimitriBianco  3 ปีที่แล้ว

      Yep. Sometimes you can jump right in after an MBA though.

  • @arpitpachori5746
    @arpitpachori5746 2 ปีที่แล้ว

    Hey Dimitri, what should be a career path for a CSE undergrad who wants to end up working at Wall street?

    • @DimitriBianco
      @DimitriBianco  2 ปีที่แล้ว

      It depends on the job you want. If you want to work in traditional finance I would go back to school and get an MBA. If you want to do CS at a bank, they have jobs for you with your current degree. If you want to do CS at a hedge fund, they often prefer CS masters. If you want to do quant finance then you would need a masters or PhD in something quantitative like quant finance, statistics, or math.

    • @arpitpachori5746
      @arpitpachori5746 2 ปีที่แล้ว

      @@DimitriBianco I'd want a job as a Quant trader in a hedge fund. Thinking to go for a MFE. Is my thought in a right direction?

  • @micahjames1466
    @micahjames1466 3 ปีที่แล้ว +1

    What's the difference between Finance and Banking and Finance.

    • @sedim3665
      @sedim3665 2 ปีที่แล้ว

      I wanna know too

  • @keeganmchugh1463
    @keeganmchugh1463 4 ปีที่แล้ว

    What gpa do you think an Ivy League athlete would need for an entry level investment bank job?

  • @jojot7924
    @jojot7924 4 ปีที่แล้ว

    The initial investment requirements for hedge fund are often $1 million or greater.

  • @sachingarg4385
    @sachingarg4385 5 ปีที่แล้ว

    Is the video content applicable to a Engineering student too who want to make career in finance?

    • @DimitriBianco
      @DimitriBianco  5 ปีที่แล้ว

      Yes

    • @sachingarg4385
      @sachingarg4385 5 ปีที่แล้ว

      What will be the path for a Bachelor without any finance degree but with a CFA aiming for private equity? Is MBA must step to be done?

  • @dcbfan1231
    @dcbfan1231 2 ปีที่แล้ว

    Compliance and risk management?

    • @DimitriBianco
      @DimitriBianco  2 ปีที่แล้ว

      It depends on the area of compliance and risk. There are quant risk roles and traditional finance roles. These typically fall under banking.

  • @kendaiis2346
    @kendaiis2346 3 ปีที่แล้ว

    Where does equity research fall into these career path categories?

    • @DimitriBianco
      @DimitriBianco  3 ปีที่แล้ว +1

      Investment banking and hedge funds

    • @kendaiis2346
      @kendaiis2346 3 ปีที่แล้ว

      @@DimitriBianco Okay, thank you!

  • @aymentoumi9629
    @aymentoumi9629 4 ปีที่แล้ว +1

    Statistics or finance ? The more demande between this two (sry 4 my eng)

    • @DimitriBianco
      @DimitriBianco  4 ปีที่แล้ว +1

      There are more jobs in traditional finance than quantitative finance (stats, math, and CS).

  • @sajiyashrestha422
    @sajiyashrestha422 4 ปีที่แล้ว

    Is doing masters in finance harder for students who don't know about stocks, shares, bonds and also weak in mathematics?

    • @DimitriBianco
      @DimitriBianco  4 ปีที่แล้ว +1

      There isn't much math in a finance masters so a strong math background isn't required. It would be easier if you know about traditional finance before you start but it should be approachable without the background.

  • @andreeagheorghe610
    @andreeagheorghe610 4 ปีที่แล้ว

    Dimitri, which one is better? Statistics master vs Applied Statistics master

    • @DimitriBianco
      @DimitriBianco  4 ปีที่แล้ว

      It depends on the school that's offering the degree. Some applied programs are too focus on random industry problems. I typically like seeing a more theory based degree as you'll have a better understand of the core concepts.

  • @geoffreynduhiu8703
    @geoffreynduhiu8703 4 ปีที่แล้ว

    What of doing CFA alone,can it propel one to investment banking?

    • @DimitriBianco
      @DimitriBianco  4 ปีที่แล้ว +1

      It's possible but there are multiple factors at play. The name brand of your school will make it easier or harder depending on if it is a target school. Your GPA, resume, and interview skills will also play a role. If you are asking the question, "is the CFA equivalent to an MBA?" The answer is no. Getting a well ranked MBA teaches you networking skills and gives you access to people within the industry. Many MBA's also have the CFA which makes it more competitive and the MBA's will get preference for management jobs. Many undergrads work in investment banking for a few years, get an MBA, and then build their career from that point.

    • @geoffreynduhiu8703
      @geoffreynduhiu8703 4 ปีที่แล้ว

      @@DimitriBianco I did engineering and now CFA maybe later FRM am hoping that's a great entry way into finance?

    • @DimitriBianco
      @DimitriBianco  4 ปีที่แล้ว

      For traditional finance you should be able to find some sort of job.

    • @geoffreynduhiu8703
      @geoffreynduhiu8703 4 ปีที่แล้ว

      @@DimitriBianco what of the modern finance

  • @francescopellegrini221
    @francescopellegrini221 2 ปีที่แล้ว

    Great video. I’m a fresh Medical doctor with an autonomous financial background. How can I switch in the financial area? And how can I use my MD to get an advantage?
    Thanks 🙏

    • @DimitriBianco
      @DimitriBianco  2 ปีที่แล้ว

      Switching careers comes down to showing your skills and how they apply to the new industry (finance). For writing a resume, the key is having relevant skills while not listing non-relevant material.
      As for an advantage...look at doing finance at a medical institution or a firm that specializes in valuing medical or pharma firms.

  • @muhannad1697
    @muhannad1697 4 ปีที่แล้ว

    Can I get a master in statistics coming from a finance bachelor?

    • @DimitriBianco
      @DimitriBianco  4 ปีที่แล้ว

      Yes it is possible. If you get accepted, I would make sure to study the basics before you start the program though.

  • @lakshaysharma9324
    @lakshaysharma9324 3 ปีที่แล้ว

    I am lakshay from india i did my bcom and working in foreign bank from last 4 years as bank teller . What will be the job prospects if i will do mba now ?

    • @DimitriBianco
      @DimitriBianco  3 ปีที่แล้ว

      If you get a good MBA, all of the options for the MBA are possibilities. Many people get an MBA as a way to change careers.

    • @lakshaysharma9324
      @lakshaysharma9324 3 ปีที่แล้ว

      Thanks for ur revert i am planning to pursue from Germany and looking for financial analyst role

  • @saurabhshukla4900
    @saurabhshukla4900 4 ปีที่แล้ว

    I think this is an oudated career path. MBA degree can be substituted by relevant work ex

    • @DimitriBianco
      @DimitriBianco  4 ปีที่แล้ว

      Work experience has always been an alternative however in many areas of finance and banking, the MBA will open doors that are unavailable without it.

  • @RinkOuTime
    @RinkOuTime 2 ปีที่แล้ว

    Video link u gave is private

    • @DimitriBianco
      @DimitriBianco  2 ปีที่แล้ว

      The creators must have made it private.

  • @kimberlyalvarez3039
    @kimberlyalvarez3039 5 ปีที่แล้ว

    Can someone go from bachelors degree to MBA to associate analyst?

    • @DimitriBianco
      @DimitriBianco  5 ปีที่แล้ว

      Yes you can skip the two years of work experience between undergrad and an MBA however you won't get into a top MBA and will end up working at a small company for a lot less money. The reason people get 2 years of experience and pay a lot for a top MBA is to get the network contacts to work at companies like BCG, McKinsey, Goldman Sachs, and Google.

    • @kimberlyalvarez3039
      @kimberlyalvarez3039 5 ปีที่แล้ว

      @@DimitriBianco thank you for the advice!

  • @emmyrancho5136
    @emmyrancho5136 4 ปีที่แล้ว

    Can i take the CFA exam without a work experience?

    • @DimitriBianco
      @DimitriBianco  4 ปีที่แล้ว

      If you've finished a 4 year undergraduate degree, then no you don't need work experience. If you are in college then you need a combination of college years and work years that total at least 4 years.

    • @ZelenaZmija
      @ZelenaZmija 4 ปีที่แล้ว

      you can take level one as senior in college

  • @carpediem8279
    @carpediem8279 5 ปีที่แล้ว

    Can a finance major be an Accountant?

    • @DimitriBianco
      @DimitriBianco  5 ปีที่แล้ว

      Yes, finance majors can be accountants. It's just not as popular as other paths.

    • @carpediem8279
      @carpediem8279 5 ปีที่แล้ว

      Dimitri Bianco what do you recommend me to take? I will be starting my first year study in finance and accounting from october.
      Would appreciate if you could help me choose.Thank you.

    • @ErikPT
      @ErikPT 5 ปีที่แล้ว

      I'm in an undergraduate in accounting the main path is to get certified like CPA, CFP or PFS so if you want to enter the accounting profession of finance aim for a Cetified Public Accountant but be warned it's brutal not like a CFA but it's still 18 hours for the uniform test.

    • @carpediem8279
      @carpediem8279 5 ปีที่แล้ว

      Erik P.T. Thank you very much. I will aim for CPA just like you said.

    • @DimitriBianco
      @DimitriBianco  5 ปีที่แล้ว

      Focus on the intro classes when you start. Usually universities have a list of classes that must be taken in order. I personally liked the accounting class on financial analysis however this was after I took the basic accounting pre-requisite courses.

  • @bryan-9742
    @bryan-9742 4 ปีที่แล้ว

    These are pretty sorry hedge funds sub 100k base. Not sure where's he's pulling his data but Unless they are exploring a new asset class like "crypto" or just became legally a "hedge fund" and are very small it's probably best to stay away from them. A legitimate fund that's interested in you that has been around awhile (albeit it will be VERY difficult to land) will compensate you for your efforts.

  • @user-gf5tb2pc4j
    @user-gf5tb2pc4j 4 ปีที่แล้ว

    I'm in ARTS stream completing my 11th and 12th studies. I have planned to do BBA and then an MBA in finance. Will that help me with becoming an Investment Banker or do i have to complete some other courses of study to get into investment banking?

    • @DimitriBianco
      @DimitriBianco  4 ปีที่แล้ว

      Your plan is the typical route as long as you work 2 years between your BBA and MBA.

  • @watchdogman2777
    @watchdogman2777 5 ปีที่แล้ว

    Hey dimitri, can I do investment banking with a computer science degree?

    • @DimitriBianco
      @DimitriBianco  5 ปีที่แล้ว

      You can always apply but its unlikely you'll get a job in investment banking. Investment banks love hiring business students from target schools like Wharton, Ross, Harvard, Stanford, Columbia, Haas, and etc.

  • @J4MESRICH4RDS
    @J4MESRICH4RDS 6 ปีที่แล้ว

    What are the target schools?

    • @DimitriBianco
      @DimitriBianco  6 ปีที่แล้ว

      The top business schools such as:
      Wharton, Kellogg, Harvard, Sloan, Booth, Stern, Haas, Columbia, Ross, and etc.
      While at Ross we had all the big banks and companies wanting to hire our students. The companies brought food for the students and made presentations about why we should work for them. Some examples included, Goldman Sachs, JP Morgan, Deutsche, Baird and Company, Rothschild, KPMG, BCG, Citadel, Amazon, Drop Box, and etc.

  • @rick.jackson
    @rick.jackson 4 ปีที่แล้ว

    I am interested in pursuing a degree in finance. Which school has the best online program?

    • @DimitriBianco
      @DimitriBianco  4 ปีที่แล้ว

      I'm not a fan of online degrees but if you are going to get one, I would look at the top finance rankings and then search to see if any of them have online programs.
      www.usnews.com/best-colleges/rankings/business-finance

  • @liamlindy
    @liamlindy 5 ปีที่แล้ว +7

    Hedge funds you need $1M in assets net your house, guy

  • @christysutton7607
    @christysutton7607 4 ปีที่แล้ว

    How many times do you say finance? Lol

  • @the_real_economics
    @the_real_economics 2 ปีที่แล้ว

    You are far better off if you just learn a trade (e.g. plumbing, electrician etc.).