I am a geologist wanting to move into the mining finance world. any advice? CFA?MBA?
I am a geologist working in the mining sector for one of the top mining companies. I have 15 months experience and my aim is to move into the mining/analyst finance side of the industry and to use my direct hands on experience in this way. I have an MSC from Leeds University in Geology but lack the specific economic education. I have a strong personal interest in world markets and follow the mining and energy industries very closely. Wood you have any advice as to a possible route into this side of the mining game? I have considered either an MSC in economic geology or starting the CFA course which seems globally recommended but not specific to geology.
Asked by Liamfarley
Posted in Switching Sectors and Commodities
08 Sep 2008
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Both are good avenues. A third possibility is to try and use your industry experience alone to break in as an equity research analyst covering the industry you've worked in. That's a common (but often overlooked) route into Wall Street, especially for people in highly technical fields like yours. If you had 15 years, or even 5 years, experience with top mining companies, I would say that is the route you should take. With just 15 months in the industry, however, a bank likely won't view you as enough of an expert to just jump in and analyze other mining companies. (In such cases, the technical expertise is less critical than one's knowledge of the industry's key players, their strengths and weaknesses and business strategies.) So, either a relevant master's degree and/or a CFA charter probably represents your best course of action. The CFA curriculum provides skills needed for analyzing companies' financials, and for managing investment portfolios. While it doesn't focus on any one industry, the upside is the program is geared for people working full-time while pursuing it - so you'd be adding to your mining knowledge and experience while going for your CFA.
Jon Jacobs 12 Sep 2008
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