I am a medical doctor with about 7mths Post NYSC experience. Currently I work in an NGO as a Medic. I am looking to gain work experience in the field of Finance. I am currently a CFA level 2 Exam candidate and have passed the fundamental stages of the ACCA Exam, Skills Level in Progress.

I am looking for at least 5 - 6 months Work Placement. Entry Level Jobs are Okay

I am highly flexible as regards Salary, Allowances and all

If you have a suitable offer pls email mayorteeny@yahoo.com and I will send you my CV.

^^^^

This world is very funny. My guy is on USMLE level 2, a forum member is on CFA level 2.

Go to KPMG. They used to be very interested in medical doctors hoping to switch to finance. But bear in mind that KPMG pays crap, something that is much less than what you are actually worth as a smart medico.


T22.

^^^

One man's food they say is another's poison. Thanks for the KPMG tip though.

Believe me when I say it's not always about the money

House I am still waiting O

wow! some serious movement, after all those years at Uni.

^^^^^

The muscle of finance.

tanimola22:

^^^^^

The muscle of finance.

Doctors by design have one the most reputable jobs on earth, which is in contrast to Investment/finance professionals known to be greedy scums most people will rather do without. . . .second only to lawyers!

When someone jumps ship from a fine job of saving the world to the evil axis of Banking, investments and Finance, most of the time, it can always be attributable to that one factor that haunts all men (just haunts more of us than others), GREED!. . . . .and as the great Gordon Gekko will have it, "Greed is good!"


@OP:

Which part of finance are you looking at?

----- Accounting and Finance? Asset management? Commodities? Investment Consulting? Investment Banking? Risk Management? Retail Banking? Private banking? Wealth Management? Investment Research? Credit Research? Derivatives? Islamic Finance? FX & Money Markets? Private Equity/Venture Capital?

@violent

Lmao at your previous comment.

Physicians do actually do a lot of Non clinical jobs, yes finance jobs inclusive! Just go through the MBB (mckinsey, bain and bcg)  consulting websites and that of Goldman Sachs or JP Morgan chase and you may have a better understanding of what I am saying.

Anway since I am looking to go into healthcare financing in the long run a PE/VC opportunity is my first choice, followed by IBanking.  I am however very much open to other opportunities in the field of finance.

I hope fortune still favours the brave

Just to digress a bit.

Violent.

Whats your stake on commodities and forex markets? Is it an area one can build career on? I will be having a chat with one of the guys in the commodities and forex markets. He operates from singapore-Nigeria. Kindly brief me on the prospects in the this area and any other vital info. Tanx

chamber2:

Just to digress a bit.

Violent.

Whats your stake on commodities and forex markets? Is it an area one can build  career on? I will be having a chat with one of the guys in the commodities and forex markets. He operates from singapore-Nigeria. Kindly brief me on the prospects in the this area and any other vital info. Tanx
.

You can't separate a career in commodities from a career in trading.  As a matter of fact, the former is merely a branch of the latter, and as you will probably know, to be successful, you may require an  extensive knowledge of derivatives, options and hedging if you don't want all your money going to the other smart guy.  The good thing is that you can choose the markets you want to specialize in, oil and gold are the most volatile, carbon, agriculture and livestocks are less volatile and more predictable. 

A career in commodities was something i was looking to before i mysteriously found myself in asset allocation.  The highs, like many other trading jobs is the fact that you could make loads of money, and the lows of course is a direct family of the former, you could potentially lose an entire life savings. 

The biggest employers are the major Banks you could think of with the leading devil being Goldman sachs. The likes of BP and Chevron also employer traders mostly to trade to hedge their long positions and manage their risk exposures. There's been tightened regulation:- Volcker rule, Basel III and all those stuff, which makes it increasingly difficult for some desk to hire more people, but if you are generally smart, and have the know how/aptitude for quants then you may be rest assured that the opportunities are still out there.  Having a Phd help a lot in this regard too.

It is rare to find individuals going it alone because of the large amount of capital involved even after taking use of leverage into consideration.  You'd also need access to some the best systems available and good experience/training will be invaluable.


As for forex, that's more like a lot of gambling (not as though anything is much different  ), you don't need so much capital and you could take large positions by spreadbetting.  Again, it's a dog eat dog world, many smart people lose a lot of money to other smart people some of the time.  If you aren't so smart, then you are guaranteed to lose your money all of the time.  I have classmates that are making their living from spreadbetting money market indices tho, but i feel it's a lot harder to predict and time the movement of currencies than equity indices and i have always tend to stick to the later.  Sometime July last year, i made my biggest killing in spreadbetting the short FTSE index just before the US downgrade. . .It was the freshest air ever  Over 1000 pounds in two hours.  Two weeks after, i lost 150 pounds and retired temporarily from the market, haven't been back ever since

Hmmm, tanx bro. very insightful

mayorteeny:

@violent

Lmao at your previous comment.

Physicians do actually do a lot of Non clinical jobs, yes finance jobs inclusive! Just go through the MBB (mckinsey, bain and bcg)  consulting websites and that of Goldman Sachs or JP Morgan chase and you may have a better understanding of what I am saying.

Anway since I am looking to go into healthcare financing in the long run a PE/VC opportunity is my first choice, followed by IBanking.  I am however very much open to other opportunities in the field of finance.

I hope fortune still favours the brave

Fortune always does!

If on the long run you are planning to move into PE/VC or Ibanking, why not consider obtaining a sound MBA? I think you may likely stand better chance with an MBA than CFA in this regard. In the meantime, some experience of project management will probably do you a lot of good, and your experience with an NGO will definitely add to the flavor. good luck doc!

An MBA is definitely part of my plans but even with a 1500 on the GRE you know how tough it is to be admitted into a top 3 mba program, having relevant WE counts both for admission and getting a job post mba especially for a non traditional applicant like myself who wants to go into finance post mba.

violent:

You can't separate a career in commodities from a career in trading.  As a matter of fact, the former is merely a branch of the latter, and as you will probably know, to be successful, you may require an  extensive knowledge of derivatives, options and hedging if you don't want all your money going to the other smart guy.  The good thing is that you can choose the markets you want to specialize in, oil and gold are the most volatile, carbon, agriculture and livestocks are less volatile and more predictable. 

A career in commodities was something i was looking to before i mysteriously found myself in asset allocation.  The highs, like many other trading jobs is the fact that you could make loads of money, and the lows of course is a direct family of the former, you could potentially lose an entire life savings. 

The biggest employers are the major Banks you could think of with the leading devil being Goldman sachs. The likes of BP and Chevron also employer traders mostly to trade to hedge their long positions and manage their risk exposures. There's been tightened regulation:- Volcker rule, Basel III and all those stuff, which makes it increasingly difficult for some desk to hire more people, but if you are generally smart, and have the know how/aptitude for quants then you may be rest assured that the opportunities are still out there.  Having a Phd help a lot in this regard too.

It is rare to find individuals going it alone because of the large amount of capital involved even after taking use of leverage into consideration.  You'd also need access to some the best systems available and good experience/training will be invaluable.


As for forex, that's more like a lot of gambling (not as though anything is much different  ), you don't need so much capital and you could take large positions by spreadbetting.  Again, it's a dog eat dog world, many smart people lose a lot of money to other smart people some of the time.  If you aren't so smart, then you are guaranteed to lose your money all of the time.  I have classmates that are making their living from spreadbetting money market indices tho, but i feel it's a lot harder to predict and time the movement of currencies than equity indices and i have always tend to stick to the later.  Sometime July last year, i made my biggest killing in spreadbetting the short FTSE index just before the US downgrade. . .It was the freshest air ever  Over 1000 pounds in two hours.  Two weeks after, i lost 150 pounds and retired temporarily from the market, haven't been back ever since

Eh @violet, you mean having a PhD is a plus? I thought bankers had hatred towards PhD holders. Wow! PhD has been coming towards me, while I have been struggling to escape . Let' see who wins sha.

T22.

mayorteeny:

An MBA is definitely part of my plans but even with a 1500 on the GRE you know how tough it is to be admitted into a top 3 mba program, having relevant WE counts both for admission and getting a job post mba especially for a non traditional applicant like myself who wants to go into finance post mba.

Doctors are smart people, I have always known this. However, one still has to do what is required. Did you just say you wanted to use a GRE to get into a top MBA program? Wow! Your GRE will almost surely, not surely, land you a place in a top PhD program. But MBA? What happened to GMAT?

Please go register and ace the GMAT. Then apply to top business schools and let`s see if success won't locate you.


T22


******* Anyway sha, you may still try INSEAD. They accept the GRE in lieu of GMAT. The following was copied fro their website now now

All applicants must take the GMAT or the GRE, both of which provide a uniform and standardised way of evaluating candidates and it is in your interest to prepare thoroughly. While we do not have a minimum score required for admission, we advise candidates to aim for a score at or above the 70-75th percentile for both the quantitative and verbal sections of the GMAT and a percentile of 75-80th or above for the quantitative and verbal sections of the GRE. Please keep in mind, however, that standardised tests are just one of several admission criteria. A high score does not guarantee admission, and a below average score does not eliminate a candidate.

^^^
Most Bschools now accept the GRE in lieu of the GMAT, even the likes of harvard, stanford, wharton, MIT etc. But a high test score does not guarantee admission, a lot of other factors are also considered when it comes to Bschools one of which is WE.

House I still dey wait o

mayorteeny:

^^^
Most Bschools now accept the GRE in lieu of the GMAT, even the likes of harvard, stanford, wharton, MIT etc. But a high test score does not guarantee admission, a lot of other factors are also considered when it comes to Bschools one of which is WE.

House I still dey wait o

Of course, that is a long known fact.

violent:

Fortune always does!

If on the long run you are planning to move into PE/VC or Ibanking, why not consider obtaining a sound MBA? I think you may likely stand better chance with an MBA than CFA in this regard. In the meantime, some experience of project management will probably do you a lot of good, and your experience with an NGO will definitely add to the flavor. good luck doc!

This statement again! My former boss once said the same thingy. He talks lowly of the CFA. His believes that a top MBA presents more opportunities in finance than the CFA certification. I thought he made the assertion because he only had a Virginia MBA. However, the same thing has been said over and over by so many people. This is one of the reasons I may not be gunning for the CFA. I don't even know again sef.

T22.

wow! very interesting thread.

violet, it seems you have a lot of knowledge regarding the finance sector. please, can i have your email address? someone dear to me is considering some career moves within the finance sector and is in need of some advice. thank you

sunshinemi:

wow! very interesting thread.

violet, it seems you have a lot of knowledge regarding the finance sector. please, can i have your email address? someone dear to me is considering some career moves within the finance sector and is in need of some advice.  thank you

I must say, the quality of advise you stand to gain from everyone here is far more than i may ever be able to offer privately.  There are several people with varying experiences here who are able to provide a very sound opinion on career moves.

my email add is: vivaviolent at gmail dot com

From medicine to finance?? quite interesting, there is a forumite too that is on level 3 CFA, but a medicine graduate. Imagine.

It is not strange to see people moving along the lines of who you intend to do career wise. If the goal in the long term is to work with a PE/VC firm that concentrates on investments in health care, then you need to have relevant experience not in finance but in health care services, R and D etc to have a grasp of the sector dynamics and for you to be a specialist in that area. You can continue with the CFA exams whilst working to gain relevant experience in health care. The MBA is a must and should be from a top B school in the US if you want to get your foot into the PE/VC industry. During the MBA be sure to enroll for courses in finance and the internship should be with a bulge bracket IB so you can have some hands on industry experience about M and A and the whole deal origination, structuring and execution process. Investors are likely to shift focus to health care and pharmaceuticals now especially with the bungled facebook IPO. Best of luck!