2 thoughts on “How can I enter a broker as a researcher? Is it enough to have a CFA certificate?”

  1. Hello, I am glad to answer your questions.
    I due to the main job of securities firms -researchers mainly do market research through a large number of mathematical models, so if you want to enter the domestic first line or international investment bank, generally meet the following five requirements:
    1. Graduation school requirements : The main recruitment targets of the Da brokerage firms are graduate students from Peking University, Tsinghua, Fudan, and Jiaotong University. The Shanghai Finance and Economics, the Chinese People's Congress, the Chinese University of Science and Technology, the Central Finance and other schools also have some interview opportunities. Other schools are basically not listed in the consideration of well -known brokerage companies! In general, the old and famous universities of financial accounting such as Southwest Finance, Nanjing University, Nanjing University, Wuhan University, Xiamen University, and Sun Yat -sen University are also recruiting!
    2. Professional background requirements: The undergraduate of science and engineering coupled with the master's degree in management is the favorite of major securities firms. The undergraduate is a greater opportunity for mathematics, statistics, computers, and physical majors. Of course, for some specific fields For industry researchers, majors are unlimited! For example, researchers from the pharmaceutical industry are basically monopolized by graduate students from Beijing Medical University, and researchers in the electrical industry are basically monopolized by graduate students of Tsinghua Electric! And most of the students now like to pursue finance. In fact, this is a misunderstanding. Accounting is the core of the securities industry. The deep background of accounting is one of the key factors in the securities industry! The so -called "finance" in the United States is actually "company financing". To put it plainly, it is accounting. The so -called finance in China is nothing more than "currency banking" in macroeconomics. These things are basically useless in actual work!
    3, relevant certificates requirements: If you do industry researchers, financial accounting must be proficient, so CPA (registered accountant) is regarded as an investment bank entry voucher. Moreover, the company will offer training courses to encourage employees to take the exam. However, if you go to the fund company to do a fixed income or an investment researcher, the CFA certificate (registered financial analyst) is necessary. Generally, the company will reimburse the registration fee.
    4, English requirements: For investment bank traders who are listed, listening, speaking, reading and writing must be excellent; for researchers: English reading and writing must be very good, because researchers face every day for researchers are facing every day. Foreign research reports, various data, various foreign development software, and also write their own reports. To some extent, the industry researcher of the securities firm or the investment researcher of the fund company seems to be writing a dissertation. Not only are international brokers, but domestic brokers also attach great importance to English.
    5, computer application ability requirements: at least a programming language: C , Java, researcher's work must constantly improve the model, or directly make a model. Especially Excel's advanced applications, such as VBA's Excel programming, these skills are the most commonly used in daily work! Of course, we also need to be proficient in database: Microsoft's SQL Server or Oracle database, because the researcher's main data source is a large number of databases, and proficient database language is necessary. Finally, we must also be proficient in statistical software, such as MATLAB financial data packets, or SPSS and other large -scale measurement economics analysis software!
    Thank you!

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