Post on 25-Dec-2014
description
CAREERS IN BUSINESS
WORKSHOP
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FRAMEWORK
What careers are available?
What do they entail?
How can you get there?
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CONSULTING ACCOUNTING
MARKETING FINANCE
INVESTMENT BANKING
HEDGE FUNDS
BUSINESS
MANAGEMENT CONSULTING
HUMAN RESOURCES
5 KEY INDUSTRIES
Finance
Accounting
Management Business Operations
Other
FINANCIAL CAREERS
• Investment Banking • Commercial Banking • Corporate Finance • Asset Management • Hedge Funds • Actuarial Sciences • Insurance • Private Equity/Venture Capital • Real Estate
INVESTMENT BANKING
Assist individual’s, corpora2ons, and governments in raising capital…..
How?
• Issuing and selling securiIes in the primary market
• Raising funds in the capital markets (both equity and debt)
• Strategic advisory services – mergers, acquisiIons and other types of financial transacIons
INVESTMENT BANKING
3 Iers Bulge: -‐ Goldman Sachs, Morgan Stanley, JP Morgan
Chase, Ci2group, Bank of America etc.
INVESTMENT BANKING
3 Iers
Middle Market: -‐ Medium Sized -‐ Smaller Deals
INVESTMENT BANKING
3 Iers
BouIque: -‐ Specialized by Industry
INVESTMENT BANKING
PRIVATE EQUITY/VENTURE CAPITAL
• New and emerging businesses • More specialized by industry • Greater risk, Greater reward
Foundations for Finance: What you need to consider
• Strong quanItaIve/math skills, communicaIon skills, grades
• What career path? Related Degrees? - Chartered Financial Analyst (CFA)
• Industry Experience-‐ Internships, volunteering • Where the jobs are, who offers them • Strong Resume • Solid Contacts
How can you get there?
• QFAC (Queen's Finance AssociaIon Conference)
• Western Investment Club • Western Capital Markets • PBSN Finance Stock Pitch CompeIIon
ACCOUNTING
• Chartered Accountant (CA)
• CerIfied General Accountant (CGA) • CerIfied Management Accountant (CMA)
CHARTERED ACCOUNTANT
Three areas of Focus 1. Public PracIce
2. Industry 3. Government
Three areas of Focus 1. Public PracIce • AccounIng and business advice to clients
– Audits – Business valuaIon – Forensic invesIgaIon
CHARTERED ACCOUNTANT
Three areas of Focus 2. Industry • Develop financial and administraIve policies • Analyze informaIon • Provide strategic leadership.
*CA’s add value to organiza2ons as CEO, CFO etc.
CHARTERED ACCOUNTANT
Three areas of Focus 3. Government • Guide financial planning • Maintain fiscal control • Tax auditors, policy planners and financial analysts
CHARTERED ACCOUNTANT
4 Step Process 1. Four year Degree with required courses
• B-‐ avg. in accredited program (HBA)
CHARTERED ACCOUNTANT
2. Work Experience (3 Years)
• CA Training Office • Public AccounIng Firm • Government Office
CHARTERED ACCOUNTANT
3. Exams
• ICAO Professional Program • Complete the Staff Training Program (STP) • Pass the Core-‐Knowledge Exam (CKE) • Pass the School of Accountancy (SOA)
CHARTERED ACCOUNTANT
4. Exams
• Pass the Uniform Evalua8on (UFE) • Standardized • 3-‐day exam • 3 papers (one per day)
CHARTERED ACCOUNTANT
CERTIFIED MANAGEMENT ACCOUNTANT
• CreaIve soluIons for financial problems • Financial experIse • Strategic insight • InnovaIve thinking • CollaboraIve approach
Help grow successful businesses.
Following University GraduaIon – Two-‐day exam
• business knowledge, analyIcal thinking and wrifen communicaIon
– HBA and BMOS degrees are accredited • 75% avg. exempt
CERTIFIED MANAGEMENT ACCOUNTANT
CMA Strategic Leadership Program
– Complete 24 months of pracIcal work – Face-‐to-‐face sessions with fellow candidates, and program moderators
– Case studies – Four Hour Case ExaminaIon – Board Report
CERTIFIED MANAGEMENT ACCOUNTANT
CERTIFIED GENERAL ACCOUNTANT
• Similar to CMA • More emphasis on work experience
– 12 Months of Canadian Experience • Do not need a degree unIl cerIfied
– Requires pre-‐requisite courses be completed
ACCOUNTING FIRMS
THE BIG PLAYERS
How can you get there?
• KPMG: Fast Forward • Deloife NaIonal Leadership Conference • PWC: CreaIng Brilliant Futures Conference • Ernst and Young: Emerging Leaders Program • Networking Events • Waterloo AccounIng Conference
How can you get there?
• PBSN KPMG & CMA Guest Speaker Series
• Western AccounIng Society • BMOS AccounIng SpecializaIons • Ivey HBA
MANAGEMENT
• ConsulIng • Entrepreneurship • Human Resources
MANAGEMENT CONSULTING
Iden2fies, diagnoses and solves a company’s business related problems through providing
strategic advice
MANAGEMENT CONSULTING
THE BIG PLAYERS
MANAGEMENT CONSULTING VS. INVESTMENT BANKING
1. Salary 2. Lifestyle
3. QuanItaIve vs. QualitaIve 4. Exit OpportuniIes
How can you get there?
• PBSN's Entrepreneurial Jumpstart • Ivey’s Case Method Approach
– 1220 & 2257
• DECA U • ACE Conference
BUSINESS OPERATIONS
• MarkeIng • Sales
• Manufacturing • InternaIonal Trade
How can you get there?
• PBSN Case CompeIIon • Business 1220 Case CompeIIon • John Molson Sports MarkeIng Conference • Rotman Commerce MarkeIng AssociaIon Conference
OTHER
• Sports Business • Corporate Law
• …..
How can you get there?
1. At Western
2. Outside Resources a. Conferences b. Internships c. Websites
3. What YOU can do
AT WESTERN
• Career Counseling – Ivey Career Management Department – Western Career Services
• PBSN Exec Team • Professors • Guest Speakers
OUTSIDE RESOURCES
• Conferences • Online Research • Supplementary Courses • Volunteer Work
WHAT YOU CAN DO
• BUILD A STRONG NETWORK – Talk to professionals – Talk to family members – Talk to friends – Talk to past employer….etc.
• Update your Resume – LinkedIn.com
A WORD FROM IVEY CAREER MANAGEMENT
CRAIG INGRAM �ASSOCIATE DIRECTOR & �CAREER ADVISOR �
Contact me anytime! CAREERS@PBSN.CA
ANY QUESTIONS?
THANK YOU