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#1
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ISQ vs CFA -in banking industry
Dear Members your valuable comments will be appreciated.
for the fastest career growth in Pakistani banking Industry. CFA or IBP-ISQ ? |
#2
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wt is IBP-ISQ?
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Puppet,Slave,Lover |
#3
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"Tumhary nafs ki qeemat Janat hay isy Janat say kam qeemat pey na bechna." "Jiyo to istarh ky log tum sy milny ko tarsy; maro to istrah k log tumharee mot par royain" Last edited by marwatone; Thursday, December 23, 2010 at 05:38 AM. Reason: Posts merged. |
The Following 2 Users Say Thank You to Raz For This Useful Post: | ||
mjkhan (Wednesday, December 22, 2010), spaksarzameen (Thursday, December 23, 2010) |
#4
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@raz bhai
wt is the minimum qualification required for taking up IBP-ISQ?
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Puppet,Slave,Lover |
#5
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Graduation (Equivalent to Second Class – 45%) in any discipline from a recognized University will be the basic academic qualification for entry into the program which will remain open to all those already working in the financial services sector as well as those who are aspiring to join them.
http://www.ibp.org.pk/isqrules.pdf
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"Tumhary nafs ki qeemat Janat hay isy Janat say kam qeemat pey na bechna." "Jiyo to istarh ky log tum sy milny ko tarsy; maro to istrah k log tumharee mot par royain" |
The Following 2 Users Say Thank You to Raz For This Useful Post: | ||
mjkhan (Thursday, December 23, 2010), spaksarzameen (Thursday, December 23, 2010) |
#6
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thank u very much nd nw the last question what is it is scope both in terms of career progression nd in monetary terms?as a comparison between this nd cfa has been asked in one the previous post so i m sure that it really is something really good...nd does one need to hve a good working experience in financial sector in order to pass this qualification or hving or nt hving experience does nt give one any edge?this is the last question
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Puppet,Slave,Lover |
#7
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Quote:
CFA is better than ISQ in both the terms i.e. career growth + monetary benefit. However; CFA requires strong skills and challenging competency. Relatively, IBP diploma is easier than CFA. CFA attracts top Management positions where as ISQ attracts operational and Middle level management. ISQ: Banking and Non-Banking Candidates comparison: You can pass this exam without having banking background but those who are from banking field do have edge over others. Candidates from banking background find some of the technical papers relatively easy whereas others find these subjects little bit challenging but not un-achievable. Following subjects are thought to be familiar in banking industry in one way or the other: Laws relating to financial services, lending operations and risk management, international trade finance and forex operations, and final specialized paper (leasing and Micro Finance, SME and Agriculture, Islamic Banking, Retail and consumer banking). Scope of ISQ: You will be preferred in banking industry for induction, promotions and various charges. Monetary Benefit of ISQ: Various banks reward their employees on passing ISQ with varying amount. Ranging from Rs.50,000 to six digit figures. Some banks reward you with permanent increments in your salary while others reward you in lump sum amount in one go. Regards
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"Tumhary nafs ki qeemat Janat hay isy Janat say kam qeemat pey na bechna." "Jiyo to istarh ky log tum sy milny ko tarsy; maro to istrah k log tumharee mot par royain" |
The Following 3 Users Say Thank You to Raz For This Useful Post: | ||
mjkhan (Thursday, December 23, 2010), saimakhan (Saturday, December 25, 2010), spaksarzameen (Thursday, December 23, 2010) |
#8
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no comparison...CFA is far better than ISQ, also its....far far tougher than ISQ
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It doesn't matter how slow you go, UNTIL you don't ..."STOP"... It is better to be in chains with friends, than to be alone in a .."GARDEN".. |
The Following 2 Users Say Thank You to Gujjaar For This Useful Post: | ||
saimakhan (Saturday, December 25, 2010), spaksarzameen (Thursday, December 23, 2010) |
#9
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As far as ''IMPORTANCE'' is concerned I would definitley say I.S.Q ''should'' be given priorty over C.F.A qualifciation specifically in Pakistan where ur financial systems are not that much developed where u can even consider to utilise a C.F.A . Although with the advent of mutual funds C.F.A qualification for the incumbent might proove to be benefical but still the scope for it in Pakistan is very very ''NARROW''.Even the so called mutual funds in Pakistan are not following or adopting the most basic strategies taught in C.F.A qualification .Most of the funds are recruiting MBA Finance or MSc Economics students as their skills are considered adequate in the context of Pakistani Financial System.To give you an example, the top financial institutions fund managers are just following the passive strategy of managing the Funds which means you just invest your money in stocks according to their weightings in ''INDEX''.Although I can justify their stance but not feeling the need for it.On the other hand if you manage to do I.S.Q atleast it would certainly increase the probability of getting a good slot in banking sector.There is no doubt that CFA equips you with very useful skills but I dont think that you will be able to implement it in your organization.If u try to then i am sure all that u will get is a track record of huge negative alphas. ....
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#10
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Mr RAZ can you inform us ABL's policy after clearing ISQ Exam Stage wise
I've heard that ABL gives 50000 on clearing stage 1 and 2 each in 1st attempt and 100000 on clearing stage 3 on 1st attempt and 30000 on clearing stage 1 and 2 in 2nd attempt and 70000 on clearing stage 3 in 1st attempt I am working in ABL as a teller for 6 month and extremely worried about my carrier as this job is not in consonance with my target because of no opportunity for carrier growth Kindly advice me will this ISQ help me for my carrier growth I am MA (Economics), CA (Foundationist), and currently studying final of PIPFA (Pakistan inst of public & finance accountants) and i have 1.5 years experience in internal audit dept of a reputed textile mill Kindly advice me what should i do for excelling in Banking sector i am currently getting 12000/month and facing extremely risky circumstances while doing my job I will be thankful to you Regards asad |
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