BSc(QFin)同BSC(ACT)出路邊科好D？

HL7646

kaion 發表於 20-5-28 00:23
精算方面其實HL7646都講晒但其實大學揀科可以淨係睇兩樣嘢

1. 難易度,派grade度

GPA 其實好緊要, 當你想重返校園讀master, 如果你GPA 低的話(<3.2), 基本上稍為好D 的科都好難入,
因為今時今日, 有唔少內地讀1/2線大學的同胞會申請黎HK 讀master, 佢地大部份人的GPA 平均都有3.6 或以上, 有唔少甚至係爆4, 小弟之前讀pt master 果陣, 好多內地同胞都係在本科畢業果陣GPA 爆分, 佢地full time 讀書, 個個都係學霸黎, 香港人好易比下去, 同佢地一齊拉curve, A range 多數都係佢地囉哂。

再者, 今年經濟差, 就業市場差, 好多畢業生都選擇bachelor 後直上Master, 變相多左人apply, 但學位又無增加, 所以好多人認為Master 俾錢就讀得, 個人唔太認同, 有D 科的admission 的競爭情況同DSE 考jupas 神科一樣, 都係講緊10-20人爭一個位。今時今日, 想讀Master 的門檻都提高左唔少。

kaion

HL7646 發表於 20-5-28 01:11
你講花園道的PB, 我諗唔係ICBCI 就係citi 啦！
小弟之前in 的位, 就係corporate strategy and investment  ...

啊講錯花園道對面個皇后大道中先啱所以你都見到好難搵工ibanker揸住個7皮講真打個5折3萬5請個得一兩年經驗既細路唔會有幾多公司接受到

HL7646

kaion 發表於 20-5-28 01:18
其實你都大致上啱不過ops啊finance就未必真係差
以前一間一年請十幾二十個人
依家越請越少所以outsource到 ...

finance 部門的ibank 就做product control , mon 住trader D P&L.......但其實而家product control 的工都越黎越少, 見連X討論區有唔少ibank finance/ops 人係度叫哂春, 話唔好入行, 大家其實想知多D 投行的工作, 建議search "大投行 小人物"呢個blog,
裡邊的blog 主係做ibank Ops 的, 不過她有好多Insights 俾大家。

kaion

HL7646 發表於 20-5-28 01:30
finance 部門的ibank 就做product control , mon 住trader D P&L.......但其實而家product control 的工都 ...

我覺得入ops/finance呢d唔建議lateral去,要grad scheme入
grad scheme入比你rotate幾個地方加埋易揀team
而且唔會係海鮮價
轉工入去個班有啲5年經驗都冇5萬

我朋友做ops, rotate咗去coo office做project planning又做過balance sheet management (雖然呢個應該係finance)
傳統幫s&t執頭執尾個班就唔好啦
好似幫trade睇數唔通睇到做d/md咩
但係比你入coo office個班雖然係back office但都算做business planning
其實聽job nature都知邊d好唔會outsource邊d冇前途

不過我唔係做bo唔清楚啦

poonseelai

有幾位時常出鏡的餐廳老闆，名廚也是 ex i bank, 之前賺夠，之後追夢

HL7646

kaion 發表於 20-5-28 01:42
我覺得入ops/finance呢d唔建議lateral去,要grad scheme入
grad scheme入比你rotate幾個地方加埋易揀team
...

COO office 而家有D 投行裡邊會有corporate and real estate services team, 可以做埋銀行內部的facility management, business planning 等,
例如如何制定BCP, 做financial analysis, 未來幾年應該租邊個office, 點樣同業主傾leasing contract contract 好似都係CRE/COO office 入邊可以涉獵, 感覺上ib ops 似係做project mgt 多D

小弟有位前GS 的高層朋友去左HKEX 度做高層, 外國人, 做product control 出身, 而家去做risk man。

但我年紀都大啦, 都入唔到graduate scheme 吧！

off topic 少少, 我有機會入保險公司做精算, 感覺上無做ibank/buyside 咁大壓力。人工方面, 個人唔係為搵大錢, 做到中產就得, 長遠入唔入返big4 做精算就睇際遇吧！

ANChan59

HL7646 發表於 20-5-27 22:25
陳sir 你講的Ibanker 轉行做醫生的故事, 小弟都聽過, 不過當事人好似係一位女人, 而且仲要係有左仔女才去 ...

我听的版本是这样，重点在 second chance.

ANChan59

几位有经验的网友分享自己经验，対我这些非 iBank 出身的家长算是多了解，长知识！

我几年前问过儿子为什么不考虑 iBank，反而考虑 MNC 的MT和Big4 Advisory，现在听大家的分享，他当时的決定又算合理，正如两位所讲你想先甜后苦，抑或先苦后甜！他个人希望balances life ，唔好咁快 burnout，五天工作，朝九晚六点半就可以。

另一点我听儿子分享是他现在的工作性资，行业多样化又係初哥最需要的，毕业头几年又真係学到不少知识及经验，同样是 Analyst 在投行反而会窄咗。

他的senior 好多被挖都係去 PE fund，或者 Corp，出去人工起码高三成到一倍，轉工工作性质都算阔。

*****

讲多一点有关 Excel skills ，儿子的前任老细讲，香港个个人都话自己 Excellent Excel skills，在他眼中 Audit and finance  出身的 Excel 是小學雞，所謂 Finance  modelling 經验係入唔到佢法眼。他都講如果可以嘅話，就唔駛搵 Big 4 去砌個 model，自己 Finance Dept 或者 Finance Office 去砌就可以！

現在 Finance Model 及 Valuation 走緊去Al，當然不會是所有项目都適用。

kaion

回覆 ANChan59 的帖子

我覺得你個仔去pe fund裡面嘅big 4 senior算短視建議你個仔唔好跟佢哋呢啲佬

所謂嘅做corporate finance搞ipo即係ibank
但big 4人所講嗰啲搞ipo嘅corporate finance唔係大投行
係d細嘅係香港幫人教上市嘅證券行

而pe都係好多細細間幾億美金嘅基金仔

呢啲工其實就係ibanker嘅剩餘選擇
只不過ibanker係係大證券行做corporate finance
big 4 advisory去細行
pe都係,ibanker去mega fund (不過一間一年請得2,3個ibanker)
big 4去細fund

呢d工人工會高過big 4人工
但冇其他選擇
一入去就呢世做一個咁窄嘅行頭
一個唔好彩比人炒好難搵到正常嘅工
同ibank一樣比錢買前途

HL7646

kaion 發表於 20-5-28 18:55
回覆 ANChan59 的帖子

我覺得你個仔去pe fund裡面嘅big 4 senior算短視建議你個仔唔好跟佢哋呢啲佬

其實做ibank, 尤其是FO, 真係好易burnout, 想轉入corp 度做management / strategy/ business development 的位, 如果呢D 公司本身係有MT/GT programme, 佢地多數都寧願升個inhouse 親生仔女先, 人地MT/GT 做過公司唔同的部門/team, 講technical/公司fringe benefits/strength, 佢地一定熟過你。同埋你囉開高人工, 轉去低人工, 真係好難說服到個HR (佢地怕你做唔長), 但佢地如果係搵公司內部MT/GT/其他existing staff 升上去, 人工加左一個range, 佢地都開心到爆啦！加上黎緊呢幾年, 經濟差, 公司應該好少會肯用大手筆 (講緊係70K 或以上)去請一個ex-IBD 去做corp fina/strategic development (in-house).

Ibank FO 係好睇唔好食.....反而big4 advisory/audit, 雖然係辛苦, 但真係先苦後甜。

HL7646

kaion 發表於 20-5-28 00:07
其實ibd出身見inhouse呢啲工有著數多數係好多年前/外國嘅情況依家呢個年代已經冇呢個著數甚至係缺點
基本上 ...

小弟家姐做PB (Front line RM), 佢老公又係做PB (COO office), 加埋搵的錢唔少。同埋做PB 前線的壓力係跑AUM, 有家底(或者大陸叫的"有資源")的優勢好大, 至少無IBD 咁易burn out, 而且搵的錢無上限。但做PB 的前線, 真係要好talk 得, 好識睇得眉頭眼額, 口才又要好, 又要厚面皮, 女仔的話樣靚身材正有着數 (講緊係要港姐3甲果種級數)。

HL7646

kaion 發表於 20-5-28 01:20
啊講錯花園道對面個皇后大道中先啱所以你都見到好難搵工ibanker揸住個7皮講真打個5折3萬5請個得一兩年經驗 ...

off topic 俾大家少少updates,

小弟而家去左一間保險公司度做contract analyst, 中後勤職位, 公司裡邊係有M&A and strategy 的部門, 但因為而家經濟差, 公司CEO 最近要搵人做M&A pre-acquisition assessment project(s)/business planning, 都無budget 去請出面D ibanker /big4 advisory 黎做, 反而係在唔同的BU 度搵一D department head/Director grade , 同埋有relevant knowledge/skillset 的人去做M&A project, 例如在精算/risk man/finance/investment/business transformation/compliance 等部門各自派代表出黎去做呢個project。佢地好多都係好有經驗, 識的野比純做ibank 出身的人多好多, 夠domain industry knowledge, 又有實戰經驗, 做出黎的deliverable 可能好過一個ibank 出黎的IBD 人士。論modelling, 精算師未做過leverage buy-out, 但數學勁, 轉數快要學好快學識, budget 上唔會有公司捨得花70K 或以上去請一條友返黎剩做M&A/strategy 的工作, 咁樣係非常唔符合經濟效益。

有唔少大公司, 佢地有靚位, 多數都係搵親生仔做先........小弟而家做緊條team, 如果轉到perm, 人工好過big4 唔少, 但差過做ibank.唔算好多.............條team 幾chill.........工時唔算長..........

ratafan

In an M&A deal, the role of big 4 is more on advising deal structure and tax implications , as well as presentation of past financial information. Ibanker is acting as a bridge between client and counter party’s banker. They would be good at better presenting financial models based on client’s assumption. But sometimes if client is competent enough , most of that work is actually done by client. No matter your major, good numerical sense and strong communication skills are necessary. I think both Q fin and Acct major would equip you with very basic accounting knowledge necessary to structure a deal successfully. Basic accounting and finance background very much essential to make a deal successful as you need to comply with reporting requirements when presenting the numbers and hence coming up with proper valuation.

ratafan

At big 4 , they usually split the teams according to industries. Financial services is a specific division which is very specialised in banking and insurance industry and the skill set is very niche and specific. You learn all the basics during the first 2-3 years. Many senior associates or manager use that as springboard to jump into investments banks.

ratafan

Pay scale of big 4 is very transparent. Like someone says before, with 5-6 years experience (audit) , one normally has been promoted to manager and annual remuneration is around $500k. Then if you decide to switch to commercial firms, they usually offer performance bonus which is tied to business performance. Within 5 years you can surely reach 1m a year. By the time you retire , normally you can command $2-3m a year (based on current index). Not a lot of money (in fact a big gap vs u work as a top investment banker ).
If you decide to stay at big 4 and make partner, you can earn as much as  $4-6m a year near the time of retirement depending on seniority .

ratafan

HL7646 發表於 20-6-21 02:20
off topic 俾大家少少updates,

小弟而家去左一間保險公司度做contract analyst, 中後勤職位, 公司裡邊係 ...

完全同意，公司內部有經驗的同事做的model 更準確，以我經驗，內部一個有能力的CFO及legal Counsel 比出面advisor 更能幫公司strike the best deal. Consultant 角色通常是幫你look professional嚇吓人, 他們實際的功力不多。當然有名的top legal advisor是成個deal 的靈魂

ratafan

The reason why life in ibanking is so tough is that most deals hv very short time frame, both parties (seller and buyer) want to make a deal ASAP as if it drags, the valuation would change.

ratafan

poonseelai 發表於 19-12-10 20:23
入big 4 也一定做audit, 仲有taxation and consulting。consulting 範圍可以好濶，除了做deal, m&a, 仲有 ...

Good summary. But if you concentrate on audit, you can also participate in all the rest like IPO and M&A and work closely with tax team through which you also learn some tax planning skills. If you concentrate in tax team, I think it is relatively less dynamic and very much compliance focused ( mainly responsible for tax filing which is rather routine). Just my 2 cents.
If lucky enough , you can also work on PE funds audit and support them in business process review.

poonseelai

ratafan 發表於 20-6-21 17:51
Pay scale of big 4 is very transparent. Like someone says before, with 5-6 years experience (audit)  ...

2-3m? 我相信我認識近退休人仕同這個差好遠好遠，少好多好多

ratafan

poonseelai 發表於 20-6-22 07:32
2-3m? 我相信我認識近退休人仕同這個差好遠好遠，少好多好多

我指表現相對出色的，按照薪酬調查，如果是有經驗CFO,平均起碼也會有1-1.5m一年嘅