Unit 5 (sii) or IMC?

jsc

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Got regs and securities a while back, prior to MIFID.

IMC and Unit 5 (sii) both offer the same qualification - Discretionary Investment Management.

So which is easier and which is viewed more favourably by employers?

:eek:

Anybody know?

Cheers
 
How hard and how did you pass your regs and securities exam. I am thinking of doing them.
Do both if you have the money and the time, do the IMC first and then do the CFA.
 
Regs and securities have changed since i did them.

Anyone else any idea which would be preferable to an employer as they both offer the same level of investment management on paper?

thanks
 
I did SII regs - but only after I got a job that required them - Remember if you aren't in a trading / broking job that requires you to be registered with the FSA they are a waste of time (unless you are very confident of getting a job) as if you are not registered for a period of one year any time after taking the exams you have to retake them.

I have a friend who works as a fund manager's assistant and he did the IMC, and is doing his CFA now. It does seem that the fund manager type route is IMC and the broking / trading route is SII regs.

Hope that helps guys.
 
To conclude:

According to prospects:

An investment fund manager assists clients in investing their money. This can be investment in shares, bonds and other assets.

Institutional fund managers work on behalf of organisations, such as pension funds or insurance companies, where the sums of money invested are huge. Fund management can also involve investment trusts or unit trusts, products bought by individuals, which tend to involve smaller sums (compared to institutional funds).

The work involves:

meeting with clients, often at the client's premises;
liaising with clients or gathering information, often over the telephone;
researching, e.g. from financial media and briefings provided by investment analysts.
Vacancies arise with financial institutions including specialist fund management companies (also known as investment management and asset management).

Trainees may study the Investment Management Certificate of the UK Society of Investment Professionals (UKSIP) and progress to the Chartered Financial Analyst (CFA) qualification administered by the Chartered Financial Analyst (CFA) Institute.
 
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