Intro into finance modelling (research) post grad.

Intro into finance modelling (research) post grad.

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Wilmslowboy

Original Poster:

4,319 posts

213 months

Saturday 18th March 2023
quotequote all
My daughter will complete her degree this year (Physics & Philosophy at a top London Uni).
Unfortunately, she has little idea what she wants to do after. I think she could be suited to a back-office role in research or financial modelling etc

However, she has zero experience of accounting/finance, needless to say she is strong in maths/statistics and academic research etc.

Is there such a thing as a credible 6 to 12-week course she could do that introduces her to the world of financial modelling, research for financial institutions etc ?


Countdown

42,046 posts

203 months

Saturday 18th March 2023
quotequote all
Something like this ?

BobToc

1,866 posts

124 months

Saturday 18th March 2023
quotequote all
I’ve absolutely no idea if their online courses are any good, but when I started more than 20 years ago these guys did all of the in person training.

https://academy.trainingthestreet.com/collections/...

Wilmslowboy

Original Poster:

4,319 posts

213 months

Saturday 18th March 2023
quotequote all
Countdown said:
Something like this ?
Yes - thanks



vaud

52,394 posts

162 months

Sunday 19th March 2023
quotequote all
Countdown said:
Something like this ?
That looks pretty good value... EY courses are pretty good from what I hear.

kiethton

14,071 posts

187 months

Sunday 19th March 2023
quotequote all
I work for an IB and head an equity research pod.

The role is very much front office - having the skills to crunch the numbers, build models and understand thematics but also the soft side to pitch ideas, crate a dialogue, debate a point and maintain relationships.

A course like the above would show some willing but there are better ways - we have c500 applicants to each place offered.

The best thing to do to gain a point of differentiation would be to gain something like CFA level 1.

Alternatively we also hire a lot of recently qualified accountants from the big-4 as juniors into equity research pods. For these firms entry requirements are normally a lot lesser, there are more places available and you come away with a qualification which means something....but when moving across they still have to pitch/have/demonstrate the soft skills required for the job.

Wilmslowboy

Original Poster:

4,319 posts

213 months

Sunday 19th March 2023
quotequote all
kiethton said:
I work for an IB and head an equity research pod.

The role is very much front office - having the skills to crunch the numbers, build models and understand thematics but also the soft side to pitch ideas, crate a dialogue, debate a point and maintain relationships.

A course like the above would show some willing but there are better ways - we have c500 applicants to each place offered.

The best thing to do to gain a point of differentiation would be to gain something like CFA level 1.

Alternatively we also hire a lot of recently qualified accountants from the big-4 as juniors into equity research pods. For these firms entry requirements are normally a lot lesser, there are more places available and you come away with a qualification which means something....but when moving across they still have to pitch/have/demonstrate the soft skills required for the job.
Thanks useful info, she worked in retail for many years and has an A level in drama (as well others) so has an ability to communicate/ engage.
However her heart would not be in it, and I imagine the 500 to 1 ratio would put her off.




cavey76

422 posts

153 months

Sunday 19th March 2023
quotequote all
Look up Aswath Damodaran on YouTube. Very highly regarded business finance professor at NYU Stern school
Of business. He posts his entire course catalogue, under and post grad. Worth her while to consume
Some before before parting with cash for something she might not be sure of.

cavey76

422 posts

153 months

Sunday 19th March 2023
quotequote all
Look up Aswath Damodaran on YouTube. Very highly regarded business finance professor at NYU Stern school
Of business. He posts his entire course catalogue, under and post grad. Worth her while to consume
Some before before parting with cash for something she might not be sure of.

Rampant Golf

2,774 posts

217 months

Thursday 23rd March 2023
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Apply for the apprenticeship/summer placement/grad schemes at sse. Look on their website for more details.

Octoposse

2,230 posts

192 months

Thursday 23rd March 2023
quotequote all
Wilmslowboy said:
My daughter will complete her degree this year (Physics & Philosophy at a top London Uni).
Unfortunately, she has little idea what she wants to do after. I think she could be suited to a back-office role in research or financial modelling etc

However, she has zero experience of accounting/finance, needless to say she is strong in maths/statistics and academic research etc.

Is there such a thing as a credible 6 to 12-week course she could do that introduces her to the world of financial modelling, research for financial institutions etc ?
Bit of a different direction, but with the new Serious Violence Duty on public bodies (Police, Health, Local Authorities, etc) there is going to be an expansion of the maths / stats / research jobs in that field.

Won’t be as well paid as financial services, but there are already some interesting jobs out there, with possibilities of coming back later into the academic side.