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How about getting a job in market risk.

If you find that's tough, then try to get a role involving SAS/SQL and get a FRM. No need to get an MBA/MFE for market risk

Hi AbhiJ,Thanks very much for responding to my post. I actually have a job in market risk. I have about 5 years of experience in risk management in both IT (risk technology) and business (as a Senior Analyst, Market Risk Management working on stressed VaR analysis and reporting, in my last role). I am actually currently working on modeling exotic instruments.My concern is I observed that most of my colleagues have MBAs or quantitative finance degrees and that's got me thinking I may be not that qualified and at a clear disadvantage for (mid-)management roles in market risk. This is a big concern to me because I hope to be a manager within the next 2 years.Another point is I did some research on efinancialcareers and majority of the (mid-)management roles in market risk require a quantitative Master's degree or an MBA. So it seems the industry encourages a Master's degree for higher roles in market risk.My question then remains: What is the better graduate education path for a market risk professional seeking higher roles at work? .Is it:1. MBA in Financial Engineering + FRM/PRM2. A quantitative finance degree such as MQF, MMF, MFE etc.?My career goal is to be a market risk expert such as the Head of Market Risk for a big FI.Thank you very much in advance for your response.

What I can understand from your post, is that you are in emerging markets in Asia and looking to move to London/NY. If that's the case MBA/MFE would be necessary, though you can contact a few headhunters on this forum and ask if they can find something for you.I know a few people in Middle East doing market risk management. That might be an opportunity you want to explore.If you want to become a manager at the existing company, the best way would be to talk to senior-mid management and inform them of your apirations. It helps to have good relationships with higher people.

Also its difficult to understand, that for higher level jobs why do you need degrees. I know people who have become portfolio managers just with a BS and by continuing working in the firm.

I am actually in Canada. My market risk experience involves HSBC and 3 of the biggest banks in Canada..

I can't shake the feeling that I'm at a disadvantage for higher level roles compared to my colleagues who have MBAs or quant finance degrees.

Please see the following link for an expanded post:http://www.wilmott.com/messageview.cfm? ... adid=79547 Thank you very much