- Joined
- 9/22/10
- Messages
- 4
- Points
- 11
Thanks very much for reading my post.
I have about 5 years of experience in market risk management in both IT (risk technology) and business (as a Senior Analyst, Market Risk Management working on stressed VaR analysis and reporting, in my last role). I am actually currently working on modeling exotic instruments. I have worked for HSBC and 3 of the biggest banks in Canada where I live.
My concern is I observed that most of my colleagues have MBAs or quantitative finance degrees and that's got me thinking I may be not that qualified and at a clear disadvantage for (mid-)management roles in market risk. This is a big concern to me as I have only a Bachelor's degree.
Another point is I did some research on efinancialcareers and majority of the (mid-)management roles in market risk require a quantitative Master's degree or an MBA. So it seems the industry encourages a Master's degree for higher roles in market risk.
My question then is: What is the better graduate education path for a market risk professional (currently a Sr Analyst) with a Bachelor's (Hons) in Mathematics and Computer Science seeking management/progressively higher roles (e.g. market risk manager) as the next step in their career?
Is it:
1. MBA in Financial Engineering + FRM/PRM
2. A quantitative finance degree such as MQF, MMF, MFE etc.?
My ultimate career goal is to be a market risk expert such as the Head of Market Risk for a big FI.
Guys, please help by offering your 2 cents. I appreciate it! Thank you very much in advance for your response.
I have about 5 years of experience in market risk management in both IT (risk technology) and business (as a Senior Analyst, Market Risk Management working on stressed VaR analysis and reporting, in my last role). I am actually currently working on modeling exotic instruments. I have worked for HSBC and 3 of the biggest banks in Canada where I live.
My concern is I observed that most of my colleagues have MBAs or quantitative finance degrees and that's got me thinking I may be not that qualified and at a clear disadvantage for (mid-)management roles in market risk. This is a big concern to me as I have only a Bachelor's degree.
Another point is I did some research on efinancialcareers and majority of the (mid-)management roles in market risk require a quantitative Master's degree or an MBA. So it seems the industry encourages a Master's degree for higher roles in market risk.
My question then is: What is the better graduate education path for a market risk professional (currently a Sr Analyst) with a Bachelor's (Hons) in Mathematics and Computer Science seeking management/progressively higher roles (e.g. market risk manager) as the next step in their career?
Is it:
1. MBA in Financial Engineering + FRM/PRM
2. A quantitative finance degree such as MQF, MMF, MFE etc.?
My ultimate career goal is to be a market risk expert such as the Head of Market Risk for a big FI.
Guys, please help by offering your 2 cents. I appreciate it! Thank you very much in advance for your response.
