What is the difference between a buy-side analyst and a sell-side analyst?

June 30, 2024 No Comments

A: The main difference between these two types of analysts is the type of firm that employs them and the people to whom they make recommendations. A sell-side analyst works for a brokerage or firm that manages individual accounts and makes recommendations to the clients

What is the difference between an investment and a retail bank?

June 30, 2024 No Comments

A: The activities and types of clients for an investment bank versus those for a retail bank highlight the primary difference between the two institutions. Retail Banks Retail banks primarily focus on taking deposits and making loans to individual customers as well as offering other

What is the difference between Magna Cum Laude and Summa Cum Laude?

June 30, 2024 No Comments

A: “Cum laude” is a Latin term that translates to “with honor” in English. “Magna cum laude” means “with great honor,” and “summa cum laude” means “with greatest honor.” In U.S. academics, the terms designate graduates who have distinguished themselves with exceptional grades or performances

What is the difference between Series 9/10 and Series 24 qualification exams?

June 30, 2024 No Comments

A: Both Series 9/10 and 24 are the exams that must be completed by a principal before he or she can undertake certain sales activities. According to the Financial Industry Regulatory Authority (FINRA), a principal who has completed the Series 24 examination is qualified to

What kinds of financial analysis jobs are there?

June 30, 2024 No Comments

A: The official definition of a financial analyst, per the Bureau of Labor Statistics (BLS), is someone who provides help with making investment decisions to businesses and individuals. It’s a financial analyst’s job to review and interpret the performance of securities and other investment assets.

If I already hold a professional certification am I eligible for any exemptions from CFA Program requirements?

June 30, 2024 No Comments

A: No. To obtain a CFA designation, you must complete all levels of the CFA program regardless of whether you hold a professional certification or not. Additionally, you must complete at least four years of qualified work experience before being awarded the CFA charter. For

If I am looking to get an investment banking job, what education do employers prefer? MBA or CFA?

June 30, 2024 No Comments

A: If you are looking specifically for an investment banking position, an MBA may be marginally preferable over the CFA (Chartered Financial Analyst). The caveat here is that the MBA would most probably need to be from a Top 20 B-School. The CFA is well

The life of a stockbroker: a typical day

June 30, 2024 No Comments

A: One of the great attractions for many that become stockbrokers, more commonly known as investment advisors, is that there is no such thing as a typical day. In fact, being a stockbroker is essentially the same as being a small business owner. You decide when,

What are the benefits of an investment club and how can I find one?

June 30, 2024 No Comments

A: Investment clubs have been around for several decades and are simply groups of people who get together and pool their money to invest. While the primary motivation is to make as much money as possible, clubs are also a great way for investors to

What are the most common interview questions for banking/finance jobs?

June 30, 2024 No Comments

A: Interviews for banking and finance positions are notoriously tough. Interviewees can expect all the questions from a normal job interview, along with the potential for extremely difficult questions, relating specifically to both financial services and to hypothetical scenarios. Interview Question Examples Two listed option

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