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Top 10 Best Nig. Investment Banks In This Meltdown Period?

Hi guys,

The public attention has been on the commercial banks since the inception of the global meltdown regarding the economic health status of Nigeria,but come to think of it, the investment banking institutions (ie issuing houses,stockbrokers,market makers,asset management boutiques,merchant bankers etc)do most of the background capital dealings,on behalf of most of these commercial banks in the capital market.Just wondering if we can get concrete insider info as regards how they are faring in these times and the 10 best of them in terms of:

-corporate share capital base.

-human capital strenghts.

-deals engaged in currently.

-other parameters.

As an aside,what is the list of the 5 best paying of these investment banking companies for an associate level(fresh graduate recruitee) and the figure for the grade? Please be specific.

NB-pls, this is a serious thread for serious minded NLanders and finance professionals having the requisite info,plssss resist the urge to type if u dont have anything impacting to share,thank you.

SPECIAL INVITATION:pls by all means,all members of WELCOME TO MY OFFICE thread are invited to contribute-TBK417,Jarus,Ajalankoko,and co.

Lets get the ball rolling!!!

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Please I have an aptitude test with coronation merchant bank .who know what kind of questions asked

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Good day,

For those who are interested in buying C.F.A level 1,2,& 3 mock exams past questions and secret sauce[secret sauce it is not EXPO, it is just the major concepts on 2 sheets of paper ] . please call 07044583805

2008-2013

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URGENT!!!

Pls, can anyone tell me how much WSTC Financial Services LTD pay (Net Salary) a fresh graduate with ACA. Pls Urgent. I have their interview this morning!!!

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Hello,

Please who knows how much WSTC financial Services Ltd pay (Net Salary) fresh graduate with ACA. And any relevant interview tips.

Pls I need urgent response. I have their Interview tomorrow morning (Friday25/10/2013).

Plsss!

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the guy fit postpone him test for some expo na!

all these guys asking for format on NL, I'm sure SAT, SHL, GMAT revision is enough really

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lool ^^

i will look for it and post it 2moro

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Hi guyz, can u pls help me with capital vetiva test formate. Am writing dir test in few hours timz.

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Please oohh,aw was ur vetiva test,I am writing in less than 48 hrs from now.kindly help a sister,io really do need to blast this test.I ve been reading up IEC GMAT, do you think that is enough.pls urgent response as regards the test format

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Bros, Longest time...permit me to disagree abit with that view point. Reason? From my cursory observation of the labour employment landscape in Naija o, I have had to come to the following conclusions:

1. The top available openings are majorly biz admin/ management related backgrounds ones (Cos why would Vet docs, engineers, architect after obtaining their degrees wind up in Wyse & PYE tution houses to take ICAN and ACCA?)

2. It is a very wrong view to think ICAN's ACA qualification is just a mere accounting relevant qualification. It does so much more! (I know you know- i think you re just pulling legs, even in your telco sector there, several of them took the exams with us then. we were students then and they were already working in places like MTN and Celtel- we could sense their desperation to pass, some even would tell you what awaits them when and if they qualify for the ACA)

3. As a fresh graduate, the doors that ICAN's ACA qualification may open for you IN NAIJA, a Masters may not quickly open it (though after entry, you may have a bit of an edge as a Msc holder, grade placement wise ( but not necessarily promotion)- This is obtainable in most companies and even the banks, ask them sir!

4. As per our friend in PE2 that I advised to finish his ICAN, bros you know how it works na, he doesnt have to jump straight into the Investment portfolio role upon finishing NYSC, his ACA will most def grant him an audience with the likes of PwC, KPMG or even the medium ones as Dafinone, SIAO etc, these places are good training grounds, boys have done 2 to 3 yrs in KPMG to move on to higher beautiful roles in other beautiful companies with some mouth watering stuffs. These other companies know the stuff they re made of and the value addition the guys are bringing on board. (Am not saying without ACA, PWC or KPMG will not allow you for a test, but i think your chances are better with it or even almost completing it)

5. The fluidity at which ACA holders (fresh or entry level 0-4 yrs) move at the presentation of a better opportunities between jobs have not been matched in our labour market (except those that have experience 5-10 yrs are those that record similar fluidity) I know of a friend that changed 3 'good' jobs within the space of one yr, getting a quadruple of the 1st job offer on the 3rd job- just Bsc, ACA, 1 yr exp. His is still on the 3rd job and adding MBA& some other prof qualifications before moving again.

In conclusion, let me disclaim the above,(lol) as there is no hard and fast rule to these issues in life. what works for Kola may not necessarily work for Bayo. I am a very good example. This life is just with several twists and turns. I'll just enjoin our brothers & sisters soon to plunge into the market to keep focus, stick to your God, take the job search thing as a full time endeavor, put your all into it, if you haven't concluded your NYSC, start applying right from NYSC, package your cover letter, CV and copies of your credentials and put them in clean envelopes and invest money to either dispatch it to the HR directors of the companies you have earmarked to reach or go there and drop it in person. Wisely spend your money during service as i expect you to use your money more to package CVs and travel to drop CVs and attend tests than buying blackberries and taking girls to eateries.

God bless you all.

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lol the fisher man and big boys theory plays out in majority of peoples life.

but i think most people will rather have it this way.

reason may be because.

When u are old and retired you should take life slow and enjoy the rest of your days

When u are young and active. you should explore your intellect to the fullest, become the best you can be in your career.

living a fishermans' life all ones life sucks actually especially when u are young and restless

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@T-cann, first of all, God bless you for opening this wonderful thread. Really helped a lot of guys.

Meanwhile, that fisherman and the big boys' story (quite a funny one), indirectly tells how funny this life is. What are we working for sef? At times, I sit down and reflect on some things, and what concludes everything is 'what a crazy world!' But wetin conman go do?

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^^ I think it is relevant, since PE 2 has Strategic Financial Management, which one has got to study extensively before passing it, then ICAN should be. Also a little of Management Accounting will help in the IB world too.

Might it interest you that one of the 'big four' requires ICAN qualification or CFA level 2 for their T&R(Transaction and restructuring)unit-which is part of what IB firms in Nigeria do.

Seriously, one cannot dispute the fact that a Masters in finance or/and CFA is/are the best for career progression in that field, but ICAN qualification will still help starters in the IB world.

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^^

Curious question. Why is ICAN necessary for a career in IB?

I don't really see the direct relevance, other than the accounting qualification. Maybe a masters in Finance?

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Keep focus on your ICAN and don't for one second derail from qualifying....when you graduate plus your ACA, beautiful things will def happen.(buh you still have a lil assignment to do, starting from the 1st day of your NYSC towards getting your dream job...)

BTW...what are you graduating with? 2.1 or 2.2? God bless you.

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^^^Lol!

Sometimes, you ask "what's the purpose of life?"

All the same, like the fishermen's story, I feel life is about learning - the more reason why some people say they are students of life.

Principally, we pick one or two things here and there, using them to face everyday challenges. Street sense + book sense.

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Please I'm in for a test at vetiva later this week, Ild appreciate anybody with detailed idea or experience on how to prepare for this test to avail such information to me asap. Your kindness is well appreciated..

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I am in final year studing accounting, also writing PE 2 of ICAN. i will love to be a portfolio manager. pls i need mentor in the house to direct me on how to go abt it. i will love to work in an investment company to gather experience as regard my future ambition.

what should i be doing now when i am in school? i need good friends in this field to associate with.i promise to be a good character

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Normal Interview questions - ur strengths, ur weaknesses, 5yrs from now and get ready for a market sizing question (google it if you do not know what that means)

First interview would be with the team you would be working with and the second would be with the partners.

The firm has a salary structure so forget about whatever you wrote when taking the test. The only issue is that you might be offered a lower wage if ur desired is lower than the structured pay.

I wish you all the best.

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I wrote my test on the 8th of Feb. The interview was just a normal one. Where do you see urself in 5 years etc

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Please those any one have relevant information with respect CardinalStone Partners interview for Investment Banking Analyst Entry Level?

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Thank you for this information.I will be ready for the interview by the time the invitation comes.Do you have any other info on things like bonuses offered(they did ask on the day of the test for expected bonus),training, etc.Thanks in anticipation of your response.

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Which position are you interviewing for at FBN?

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Salary is 160K per month.

Interview questions will be asked to reveal how interested you are in the firm and in investment banking. Questions like where you see yourself in two years, is not uncommon. Prepare for technical questions too.

I got this info from a guy who attended an interview there, but eventually accepted another offer from transocean

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Thanks.Though I have already written the test and calculators were allowed.Expected to be called for an interview.Any ideas on their interview process and their pay package(they did require test takers to indicate their expected salary and bonus on the day of the test)?

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Still no word from them but keeping my fingers tightly crossed!

@oneblacboi, Pls when did you write your test and when did you get feedback? Wrote mine 5th Feb. What was the interview like?

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FBN Cap has started interviewing people who passed the test. Did mine earlier in the day

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Its maths and English! 30 questions each. Standard math questions. No calculator allowed.

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Anyone with useful information on CardinalStone Partners interview for Investment Banking Analyst (Entry Level)?

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@..mhoo , Hi... I wrote d same test on feb 12 but i have not heard from them since then... Wat is d status of ur own application pls. Thanks

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Got invited for Cardinal Stone Partners aptitude test for Investment Banking Analyst.Does anyone know what sort of test it is?

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Can't seem to be able to reach you even via this email addy... Sup?

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Hey. Pls, kindly send me a mail at siicker@mtnnigeria.blackberry.com need your help. Thanks

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Thanks a lot. Just seeing this... Did the test yesterday; the Qs weren't so bad but were quite time-consuming. Absolutely keeping my fingers crossed.

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WAEC aptitude test format.

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Hello people... Wish I could go through every page of this thread but I can't at the moment but judging from the first and last page of this thread I know we have some highly-informed people around. A quick Q: Can someone give useful info on the test format for FBN Capital? Need this info ASAP pls! Thank you!

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Good morning to all in this chat room .

I just built a binomial intrest rate tree , it is used to value options ,prepayment on mortgages, puts, calls and callable bonds . I know most of the instruments I just mentioned are not traded in our market today , but they will one day .

I just wanted to shed light of Intrest rate tree and learn from anyone who has in depth understanding on the model.

Looking forward to reading your constructive criticisms.

Have a splendid sunday .

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Interesting to see/hear from active investment professionals in nigeria.. I didn't know the field was this active back home..

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pls who knows what the pay is like for capital bancorp plc for entry level

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Hello people, this is indeed a great thread and thanks to everyone especially T22, Jarus, violent, ajanlekoko, candylips, chamber2 and a host of others for your very enlightening and helpful contributions.

Me and my wife are at a stage when very desperately looking for jobs. Anything from a government job to an investment banking job will do. I have a physics degree and my wife has a social science degree. We are very widely read in business, psychology, systems development, religion, etc. and have had a combined 11 years of experience in private business.

Help from any quater will be very highly appreciated. We can be reached on goldtraeces@gmail.com.

Thanks very much.

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Which telco is that sef?

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I'm sure there must be vacancies in Finance that you could apply for internally. Have you tried any?

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I work in the sales Department. Its very difficult to switch to another department in my organisation.

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@ zizie, i tot u are d one asking for level 2 material on the tread 'CFA candidates in house' as oda peeps has rightly said, u ought adding b adding value to this tread and of course other related tread in NL not asking such a kindagaton question.(no ofence pal). when people lik u post everyone shld listen.

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I wanted to get the level 2 material for a Friend, thats why i asked.

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Amazing.

With all these qualifications, you're still asking these questions?

To start with, are you working in corporate finance or treasury, in your telco? If you do, then you don't need Nairaland to answer these questions of yours. I am confused. Tell us if we're missing something here.

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@ last poster, you don't need to break into investment banking, you can still do investment banking in telecomms, they have a treasury dept, they engage in proprietary transactions, engage in M and A deals, debt structuring and origination, portfolio management, financial disintermediation, the list is endless.

Do your homework very well and you will be amazed at the vast opportunities inherent in your current sector of work.

I am amazed that this kind of question is coming from someone with four years work experience and CFA level 3 candidate

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Hi,

Please How can one enter into the field of investment Banking. I have over 4 years experience in the telecom industry,also an MBA in finance and currently a CFA level 3 candidate?\

advice needed

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