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Why Learning Financial Modelling is a Great Decision?
Why Learning Financial Modelling is a Great Decision?

The global economy is ever evolving, it’s good to be on top of your game, a step ahead of the others. If that is your goal, then to get a career boost in the field of finance, learning financial modelling is imperative. it will jumpstart your career in incredible ways. It is good to learn concepts and tools required to get an edge in the ultra-competitive job market. Financial modelling is one of the most sought-after skills in today’s corporate world where demand outnumbers supply.

What is Financial Modelling?
Financial modelling is nothing but an analysis of the company’s performance on applicable financial factors.
The intention of the analyst is to accurately forecast the capability in potential earning of an organisation.
There are various theories that exist, a financial analyst tests these theories by creating business events in an interactive format, mainly spreadsheets in excel, this is referred to as a financial model. It usually captures all variables for a particular event. After quantification of these events, formulas is created around these variables.
The spreadsheet is mainly in excel hence proficiency in it is required.

Financial models are mostly used by a financial analyst to understand the company’s performance and to predict its future. Being able to build a financial model is a prerequisite for jobs in investment banking, credit rating, risk management and so on.

One might be a business school graduate, one could also understand theoretically what financial modelling is, but it has been found that there a gap in learning of financial modelling and application. Most of the learning in B-schools is not relevant to latest developments, it is not detailed enough, and financial modelling is generally thought without excel practical experience. So if you are experienced, you might know what to do however would not know how to do it right, in the best technique. For example, you might know what is cash, debt paydown, ways a company can raise revenue. But what big companies really want you to know is how to determine the fair stock price of a company given all their financial statements.

Learn Financial Modelling the Right Way
When financial modelling is understood and applied correctly you will truly understand the fundamentals of the company, and your growth in corporate finance is vast. You will learn that ‘revenue’ is not just an item in the income statement but a combination of many aspects such as sales pipeline, probability of sales conversion, sales channel etc…, you will understand that market expense is combination of detailed data like, channel wise budget, conversion funnels, customer acquisition cost etc.,

In recent years financial modelling has become a predominant talent requirement for career advancement in finance. Most corporate finance roles require the knowledge of financial modelling, which translates that if you know financial modelling it also opens many career choices for you. The reason it is so multipurpose is because it assists in any job role that is involved in analysing a company. There are not many people who know how to build a financial model hence doing a specialised course will give you an advantage over others. A course will help you understand in detail on how to value a company, take a company IPO, issue shares, mergers and acquisitions, advise a company on options pricing or secondary sales, you will have a stronger foundation due to the understanding of financial modelling.

A financial modelling course is for anyone, someone who is pursuing an MBA, done their CA, CFA, or plan too, as it will add on to the theoretical learning in a practical way, and for working professionals as they will get an in-depth understanding and an edge over others, they will be able to contribute and spearhead financial modelling projects.

In recent times, it is not only good enough to simply deliver the past event results and explain what happened to the stakeholders. The explanation does not have any value if it cannot assist in making strategic decisions which will enable real value creation and the hence incremental increase in the valuation of the company and revenue.

Imarticus Learning has designed a Financial Modelling & Valuation Certification program for careers in Corporate Finance across various Financial Services roles like M&A, Private Equity, Equity Research, Business Modelling, Start-Ups, Budgeting, Financial Control and Financial Operations.
It helps to develop a fast-paced career path, which is both financially and professionally rewarding.
The global skill sets acquired through a career in financial services enables you to take on a variety of roles and leadership positions across large Corporates, Start-Ups, Investment Banks, Buy Side funds and new age e-commerce companies.


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What is the Importance and scope of corporate finance?
What is the Importance and scope of corporate finance?

One can describe corporate finance as managing financial activities involved in running a corporation. It involves managing the required finances and its sources. The basic role of corporate finance is to maximise the shareholders’ value in both short and long term.

Corporate finance understands the financial problems of the organisation beforehand and prevents them. Capital investments become an important part of corporate finance decisions such as, if dividends should be offered to shareholders or not, if the proposed investment option should be rejected or accepted, managing short term investment and liabilities.

Corporate finance is different from business finance, while business finance refers to finance to all types of business such as partnership firms, joint stock companies, etc.., corporate finance includes, planning, raising, investing and monitoring of finance in order to achieve the financial goals of the organisation.

Finance Planning 

In the planning phase, corporate finance needs to get a clear perspective on certain aspects, essentially the finance of the company has to be decided on questions like, what are the sources of finance, how much finance is required by the company and will it be profitable?

Raising Capital

Making capital investments is perhaps one of the most important tasks of corporate finance, which has serious business implications. To raise the finance, the corporate finance has to raise money from the company with the assistance of sources like shares, debentures, banks, financial institutions, creditors etc.., a company may also choose to sell stocks to equity while raising long-term funds for business expansion. Capital financing is a very delicate balancing act. Corporate finance is also supposed to manage short-term financial management with a goal to have enough liquidity to carry out other operations of the organisation.

Investing Capital

There are two types of corporate finance, fixed capital and working capital. As the name suggests fixed capital is used to purchase fixed assets like land, building, property, machinery, etc.., while working capital is generally used to purchase raw material and manage day to day fixed expenses like overheads, salaries etc..,.Financing and investing decisions are like two sides to the same coin. The organisation raises finances only when they have suitable projects. In corporate finance there are various tools and techniques which help take appropriate informed investing decisions, hence it is very vital for the financial health of an organisation.

Monitoring the Finance / Managing Risks

Monitoring finance is a science, there is a method to it, it is a very complex job. It requires many tools and techniques. Corporate finance has to control and manage the finance of the company, they have to minimise the risk of investment and at the same time assure maximum returns on the invested capital.

Imarticus Learning is a professional educational institute that deserves a noteworthy mention. This institute strives to bridge the gap between the industry and academics through their offerings of certification courses in Finance and Analytics. They have been acknowledged numerous times, for their contribution to the field of professional learning, with various awards. Their EY Finacial Analysis Prodegree is one such course, which is considered to be one of the best in the finance community that helps you create enough comprehension of modern financial requirements and will usually be dedicated to understanding Corporate Strategy, why companies exist and how they make money.

So to conclude finance is the bloodline of any business, it is required in all kinds of setups, big or small, it is required across all phases in the lifecycle of an organisation, to initiate, build stability, survival, and also in the growth of an organisation. Promotional finance is required to start a company, long-term finance is required to build assets, and development finance is required for growth, expansion and diversification of a business.

 


 

Visit Imarticus Learning: Jumpstart your career at India’s leading Financial Institute.

 

 

 

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What is a Financial Analyst and How do you Become One?
What is a Financial Analyst and How do you Become One?

If you see yourself as a person working in the financial services industry, Financial Analyst should then be your chosen field, as it is one of the most revered titles in the finance industry.

A Financial Analyst is essentially a person who performs financial analysis at a micro and macro level to understand the health of an organisation and further give suitable recommendations. They also suggest a course of action, which would be something like recommendations on buying or selling a company stock based on its current and predicted strength. It is expected of the analyst to be aware of the current developments in the field in which he or she specialises, as well as having the ability to prepare financial models that predict future economic conditions across possible variables.

One of the key responsibility of the financial analyst is not only to manage financial data but also to summarise them through a presentation, reports and statistical analysis.

The financial analyst job is much like the financial planner; most times you would see a financial analyst is working very closely with the financial planner to come to some conclusions related to investment choices. Although it is important to note that the job of a financial analyst calls for a higher level of expertise. It is more holistic and demands certain specific skill sets.

Financial analysis is done in a structured manner which primarily covers fundamental analysis, ratio analysis, financial modelling and valuation.

We can divide the role of financial analyst into two parts, those who work on the Buy-Side and those who work on the Sell-Side. An analyst on the buy side works with companies that have money and need help with investment strategies. People on the sell side help the companies price and sell their products, these companies are usually investment banks and securities firm.

Research suggests the financial analyst job sector is predicted to grow by 15.5% in the decade spanning the year 2012-2022. That figure alone predicts close to 35000+ jobs in the US alone. A financial analyst can play many roles and execute multiple responsibilities. Investment analyst, money market analyst, mergers and acquisition analyst, budget analyst are but a few recommendations.

So how do you get started?

To begin with, if you have a majored in computer sciences, biology, physics or even engineering, you are already in the favourable pool. It is easier for people from these backgrounds to start at an entry level position. If you are an MBA graduate it would be possible that you start as a senior analyst. A degree in Business administration, accounting, finance or statistics gives a springboard to your growth within an organisation, although it is not a prerequisite to being an MBA to become a financial analyst.

To become a successful financial analyst one needs to be proficient in a wide variety of skill sets, they might include-

Financial modelling, it is a mirror that shows if an organisation is in need of additional funds, analysing and defining the risk level. Basically, it is a tool, an abstract model of a real world financial situation. There are various valuation and forecast theories that exist and the financial analyst is able to recreate events in an interactive calculator referred to as a financial model. Accounting skills, the flexibility with numbers is a prerequisite. Knowledge about the equity research goes hand in hand to create an entire package. But most importantly the ability to connect with people, to be able to translate your financial finding in the right way, through the right tools is also a must. Being fluent in your soft skills does not only mean the ability to communicate, but also the ability to use excel and PowerPoint to your advantage.

If you are a beginning or an MBA graduate or a major from any field, there are many certified institutions which offer comprehensive courses that help you acquire a detailed understanding of the role and also provide with experiential learning methodologies in close association with the industry experts, thus giving you the backing required to excel in your chosen field. They also help you with placements as they are well connected with firms who have need of such professionals.

A career in financial analyst offers financial security, it also gives you the opportunity to help in shaping the finance industry.
So if this interests you, then it is recommended to get the required skill sets and get started.
Imarticus Learning is India’s leading professional education institute, offering certified industry-endorsed training in Financial Services, Investment Banking, Business Analysis, IT, Business Analytics & Wealth Management.

Imarticus Learning is offering the Financial Analysis Prodegree, in association with EY as the Knowledge Provider, It is a skill-building programme covering accounting, financial modelling, business valuation and equity research.
Through the programme, the participants gain knowledge which helps them to build a career across a wide variety of roles in corporate finance and investment banking.

The Imarticus Learning Career Services and Placements team provides you guidance and assistance throughout the program, giving you the best career opportunities in leading international firms.

 


 

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Career Hacks for all New Graduates – Imarticus Learning
Career Hacks for all New Graduates – Imarticus Learning

There is a quote which goes like, ‘If Shakespeare was still alive in today’s fast paced world, with multiple job opportunities, and he would say “The world is a game and all the men and women are players.”
This statement, while it may seem really comic, it is true in terms of the way things are on the whole job scene. As more and more candidates graduate every year, the industry experts seem to have noticed a gradually sliding graph of industry ready candidates.

This is basically the reason as to why many HR managers feel that it is a task, as a fresh graduate usually is like a blank canvas and you have to start from the very beginning with them. This is true and in keeping with the statistics that about 35% of the Indian candidates are absolutely unaware of what soft skills are and how they work according to the industry.
Thus, keeping this in mind here’s a list of some life hacks which will definitely help you get ahead in the industry.

1. Have a social media presence
The one thing that all job advice websites and forum will tell you to avoid, almost like the plague is social media. This is mainly because most of the employers these days conduct an online research practice, for each of their employees. But hear us out on this, while you can definitely make the internet a liability to your CV, you can also turn it into an asset. Conduct something similar to a SWOT analysis for all of your social networking accounts and start clearing off the junk.

For instance, you can definitely create an excellent LinkedIn profile, which will be sure 10 pointers for recruiters. Sharing tweets as well as tweeting anything and everything that is relevant to your industry, makes you come across as someone who knows their stuff really well.

2. Twitter can get you a job
Just as LinkedIn, Twitter is one such social networking site, which can help you stay strong in the game. As it happens to be the most popular micro-blogging site, it is the best choice for everyone who is anyone and wants to keep the world updated about their activities. This is where a number of companies and recruiters post their latest news, openings, and vacancies and so on. But this isn’t a life hack yet, what makes it the best life hack is the fact that you can make something called a Twitter List. All you have to do is create a Twitter List and add all of those accounts, which usually post the kind of jobs you are interested in. Thus there remains no hassle of going to each page and checking out their updates.

3. Join a course
These days, just possessing a generic degree is not enough. As a candidate, you are expected today to have more than just the arbitrary knowledge of a degree. This is the reason why the concept of certification courses has come to be really popular. These certification courses will help you spruce up your CV and make it look even more inviting. So joining an institute like Imarticus Learning for pursuing certification courses in Finance and Analytics is a great way to go ahead. The best part? Institutes like Imarticus also help you by offering to develop your skill sets and make you more industry oriented.

Thus, these tips will definitely help you make a mark as a fresh graduate on your employers.


 

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Why People Are Obsessed towards Trading and not Investment
Why People Are Obsessed towards Trading and not Investment

Welcome to the age of instant gratification. The demand for the instant seems to be seeping in every corner of our society. The types of food we eat (the high range of ready to eat meals or the typical fast food chains, instant reviews to the food we eat) you see it all around you, let that be in the retail market (speedy deliveries), or the entertainment business (you have latest movies with instant virtual streaming available), travel (apps that help you book cabs, no waiting for them anymore, apps to make hotel and restaurant reservation).

Most of our lives are hyper-connected. Living in the now and thus subconsciously continually giving in to the era of instant gratification and the interim loss of patience.
Now let’s understand the personalities of Trading and Investment.

Mr Trading

Mr trading is very competitive, most often taking risks while meeting the desired results. To some, he may come across as aggressive or impatient, but it mostly stems from the ambitious aspiration he has set for himself. Mr Trading’s primary focus is on quantity, as he believes eventually quality will be achieved through chance. He is very outgoing and is usually revered by most people he meets. His friends describe him as a workaholic, as he has an obsessive need to take risky decisions in the nick of time and hence is always on the run. There is a strong sense of control that he constantly demands.

To be specific he gets his drive to be committed to his line of work from the constant adrenaline rush that he gets on cracking the right deals and overcoming risk if any in the process. He is usually under a lot of stress but loves the mystic and the adrenaline rush that his job gets.

Mr Investment (Arch Nemesis of Mr Trading)

The steady worker, who derives his motivation from the end result. When faced with competition focuses less on winning or losing, but does the right thing to eventually get the desired result, and in some sense enjoys the process. He is well networked and also well respected within by peers. Is known to be informative and analytical. A hard worker who is organised and calculative hence is gradually and eventually accurate in getting the set target.
So you see Investing and Trading are two very different methods in attempting to make profits in the financial markets.

Investing is a method of gradually building wealth over an extended period of time through the buying and holding of stocks, Mutual funds, Bonds and other investment instruments. Investors often enhance their profits through reinvesting or compounding any profits and dividends into additional shares of stock. Investments are long term, ranging from a couple of years or even decades, in turn, taking advantage of perks like interests. Markets may fluctuate but investors usually ride out the lows with the expectations that the losses will be covered with rebound.

Trading is, on the other hand, a more frequent buying and selling of stock, commodities with the goal of outperforming the buy and hold investing method. Profits are made by buying at a lower price and selling at a higher price during short intervals. With a myopic investment goal to make money.

Everyone likes making money and usually, that is the driving factor, the “high” from making more out of less, it’s not only a natural high but an adrenaline rush, and like all addictions, one time is never going to be enough. It is a short time commitment to big results or even big losses and the risk makes it attractive.

While Investing is a more proactive method to make your money work and make more money for you. In investing you buy an asset like shares and the straightforward idea is to sell it at a future date when the value appreciates. It’s common knowledge that good investment is a sound way of growing wealth, it’s a long term commitment.

However, it is interesting to know as true Arch Nemesis, both investment and trading cannot completely exist without one another. You see without trader’s, investments will not have any liquidity to buy and sell stock, and without investors, traders will not have any origin or any source to buy and sell from, hence no one can be grander to another.

The only place where the scales lean are the personalities that get attracted to the fast and the furious, and in that Trading emerges as the prototypical winner.

 


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Why Is Professionalism Important at the Workplace
Why Is Professionalism Important at the Workplace

Professionalism is perhaps the most misunderstood and over described term in modern times. Therefore, it is difficult to explain the precise expectation clearly. And because we often hear how vital it is to behave “professionally” we go on with our own interpretation of the expected perception.

The customary code of conduct is our easiest adaptation on following the method of the organisation, which to us is our guide on being a professional employee. We follow guileless like the dress code, office hours, doing the given job in a timely manner, basic dos and don’ts, which are self-explanatory. One doesn’t ponder over it for long and accepts, if what is written is followed, one will be considered a professional employee.

But what to employers exactly mean by this term? Certainly, it’s good to do one’s job well and show up on time regularly. But then again are there additional things expected of you if you rightly want to be regarded as a professional?

Your employer might not tell you exactly about their idea of being professional simply because they may expect you to know about it. It may only come up when you indulge in something they term “Unprofessional” or “Unexpected”, (for instance not attending a meeting with equipment to take notes)

Ways to be considered a professional: 

Acting like or conceivably one will be considered professional if your actions and presence make others think of you as a Reliable, Competent, Dependable, Respectful, and Believer of Integrity.

Being professional would mean to be consistently good at what you do, staying true to your words, meeting deadlines dependable, to be upfront about where things stand, to approach people with respect and most importantly to be proactive in upgrading your skills, being positive, focused, not letting your personal life dominate professional, listening to what is being said, supporting others, taking informed decisions.

As said earlier the definition is vast, but if genuinely thought over, the above-mentioned traits are only a few ways to building a Professional Atmosphere which has myriad advantages.

  • Creates Boundaries – Workers who conduct themselves professionally avoid crossing their line with subordinates, superiors or clients
  • Creates an Atmosphere of Improvement – A professional atmosphere is more conducive to success.
  • The sense of Responsibility – In a professional atmosphere, an employee while handling a task, sees the larger purpose, and hence are able to own their actions and take appropriate decisions. One takes pride in performing the tasks assigned to them.  This aids to the overall image of not only the employee but also showcases the value by which the organisation stands.
  • Mitigates Conflicts – businesses which promote a professional atmosphere also makes it easier to deal with diverse environments in which subordinates or even clients could have a difference of opinion however they can agree to disagree and come together on common grounds.
  • Increased Job Satisfaction – Professionalism eliminates stress to a great degree and once that is taken care of an employee thrives in a healthy atmosphere leading to enhanced performance.
  • Personal Growth – Not only in terms of job advancement, but there are a certain dignity and pride in one’s work that develops. You get appreciated for consistently good quality output and that in turn builds your confidence, makes you a more secure person who is then capable of handling difficult situations with refined emotional maturity.

It is important to note that demonstrating professionalism is important at all levels in an organisation. Professionalism is not the responsibility of the leadership team but is vital at all levels. You can display professionalism in something as small as never forgetting an attachment to your emails, or writing without any grammatical errors, or in something as complex as performing a task with limited resources in the given time even when the delay was unavoidable.

Professionalism can become a part of your personality, (not keeping people waiting, being responsive etc..,) People with high levels of professionalism are most frequently considered for Job advancement.

Professionalism goes a long way in one’s personal career success as well as the success of the organisation.


 

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Five Reasons Why Big Data is The Right Career Move for you…
Five Reasons Why Big Data is The Right Career Move for you…

You cannot achieve tomorrow’s results using yesterday’s methods, and this line is the need to understand and accept the impact of BIG DATA and growing demands of business.

Big data means access to big information, leading to abilities in doing things you could not do before.

Case in point – a small exercise…

Before you read ahead, check the posture you are sitting in, now look around and check the posture of others sitting beside you, observe… what do you see? Someone is slouching. Someone has their legs crossed, elbows resting on the armchair, palms pressed against their chins, a constant moving of the limbs. Not everyone sitting around you has the same posture. What if we put many sensors on the chairs around you to help record and create an index, which is unique to you, which says person X sits in these particular postures during specific intervals of the day?

In addition, say what if this data was sold to car manufacturers as an anti-theft design to help recognise that the person sitting behind the wheel is not the same and say until he keys in a password the car even though entered would not start.

Now imagine what if every single car in the world had this technology, think of the benefits of aggregating this data. Maybe we would be able to predict which postures while driving would lead to an accident say in something as close as the next 7 seconds do, and alert the driver to change position or take a break from driving.

Now my dear reader THAT is the power of BIG DATA. It can help record, collect, understand, predict, and prevent events from a random collection of information.

So if that is so useful where lies the problem? Why is the world not already a better place?

Because there is a gap between opportunity and demand in skilled professionals to help comprehend and present valuable insights into specific relevant trends, big or small from the available data.

Big data is all around us and there is a calling need to preserve all the generated data for the fear of missing something that could be important. Hence, comes the need for big data Analytics, Big data is crucial to do better business, to take accurate decisions and in always being a step ahead of your competitors. Therefore, if you are a professional in the Analytics domain there is a sea of opportunity waiting for you to dive in.

Big data Analytics is Unfathomable and depending on the environment one can choose from

  1. Prescriptive Analytics
  2. Descriptive Analytics
  3. Predictive Analytics

Big Data Analytics market is predicted to surpass $125 billion in between 2015 – 2020, which in turn in some sense means handsome pay brackets for the skilled individual.

  • Salary Aspect

To improve the performance of the organisation, most companies have either already implemented or are in the process of implementing Big Data Analytics, as they already have the data at their disposal.

  • All Organisations adopting some form of Data Analytics = Growing Market

There is a big gap in skilled professionals who are able to convert the data available. The ability to see small trends from the pool of big information. Which ultimately advances the organisation in the right direction. There are two types of talent deficits. Data consultants – who have the ability to not only, understand but also use the data at hand in the appropriate way and the other is Data Scientists who can perform analytics.

  • Skill Deficit

Big data Analytics is not restricted to any specific Domain; it can be and in recent times is being used in Healthcare, Automobiles, Manufacturing and more, creating a massive global demand.

  • Global demand across industries

Analytics becomes a competitive resource for organisations, according to certain studies Analytics has already become the most important asset in current times. Because we are emerging from the undeveloped analytics trends to more advanced forms. It is undeniable that Analytics plays a vital role in decision making and taking strategic initiatives for the business.

  • Importance of Analytics for Better Decision Making in Organisation

So in deduction to the above, Analytics no matter how advanced is human dependent. These are exciting times for skilled people who can comprehend data and give valuable insights from the business point of view. A trained individual with the right Analytics insight can master an ocean of big data and become an indispensable asset to the organisation becoming a springboard to the business and their career.


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Industry Report: FinTech Policies and Principles, E-Commerce Payments
Industry Report: FinTech Policies and Principles, E-Commerce Payments

The industry of e-commerce came into being sometime in the early 1990’s and from there on it happened to grow really rapidly. With this change, both the business owners as well as customers started using the Internet on a large scale. Both for their own recreational as well as professional purposes. This rapidly changing dynamic was successful in roping in a number of services like email, online shopping platforms and so on, all of which was successful in giving the area of web services, a revamped look. With this addition more and more business owners were successful in selling goods and services, online directly to the users. According to reports and statistics, the value of online sales has risen from around $4.9 billion in the year 1998 to about $342 billion in the year 2015.

The newest addition to the field of web services was the online payments options. Earlier as a customer, you had to be really careful with any kind of identity theft or phishing attacks when it came to online payments with cards. This was mainly the reason as to why many people didn’t really want to make payments online. But this changed with the introduction of payment gateways, these were services like PayPal and E-Pay and so on, or like Paytm, which is an Indian version. These payment gateways work as a mediator on behalf of your account. All you have to do is connect your bank account to these and you can easily make online payments, without sharing any of your bank account details.

All of this is a result of a number of Fintech companies, working towards the improvement of this process. They have introduced and incorporated software programs like API or more commonly known, Application Program Interface software. Here the numerous developers are able to create customised software solutions, which help companies interact with their consumer base, in regards to their products and services, betterment of their analysing processes, encouraging the users to sign up to their particular websites, send payments to the various merchants, as well as receive confirmations of payments sent and so on. Let’s take Amazon.com, this multi-billion dollar firm has taken e-commerce a step ahead, with the introduction of something called dash buttons, these buttons are supposed to help consumers get directly connected to the internet. The way these buttons work is very similar to the manual maintenance of an inventory. Which means, for instance, if any of the users run of a particular brand of washing powder, they are used to using, then they can totally go ahead and order more.

If reports are to be believed, then the month of November 2015 saw about eight of the eighteen Fintech startups, valued over $1 billion all over the world were supposedly offering just payments or transfer systems. One thing is for sure, that in conclusion, the field of Fintech is definitely transforming the way we make payments online, as well as the money transfers. This is being taken note of by a number of Fintech aspirants, who are looking to get trained according to the industry standards from institutes like Imarticus Learning.


 

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A Career Guide to the field of Finance
A Career Guide to the field of Finance

What does having a career in finance mean? It refers to job opportunities in a variety of fields. These fields are namely, Investment Banking, Trading, Financial Advisory, Analytics, Financial Media, Financial Analysis, Portfolio Management, Corporate Finance, Asset Management, Mergers and Acquisitions and so on. One thing common among all of these fields of finance is that a career in any of them is extremely lucrative.

This is one of the main reasons as to why candidates aspire to become highly qualified professionals in the field of Finance. While some take the route of education, go on to get graduated in any related field of Finance, then go ahead and do their masters and MBA and then look for a job. There are also quite a few who choose to go the way of the industry. By taking up professional training courses, like those offered by institutes like Imarticus Learning, these individuals are able to develop a skillset, which is way more relevant to the industry and is exactly what HR Managers are on the lookout for.

Let’s go further and discuss the various credentials that the field of finance has. As is common with every field out there, Finance also happens to have its very own professional qualifications and licenses. These include, the Chartered Financial Analyst (CFA), Certified Financial Planner (CFP), Certified Public Accountant (CPA), as well as series of licenses. These series of licenses are for instance Series 7 & Series 63, both of which are usually issued by the Financial Industry Regulatory Authority (FINRA). Both the series of licenses, require a professional to complete a course of study and passing an exam. While these licenses work as a legal requirement, the certifications or credentials like CFA are more of resume boosters, which give great prestige to the holder.

Most of the concentration of Financial Jobs can be found in all of those cities, which are considered to be international centers of finance all over the world. These could cities like New York, London, Hong Kong, Shanghai, Dubai, and Zurich and so on. If you happen to be looking for a job, which is based in a foreign country then you must ensure that you know the basics of the native language therein. While it may seem that your city or state does not happen to have great and stellar corporations, this does not mean you should despair. For all of those who are aware of the concept of globalization, it seems to be happening at a more rapid speed. Many large banking corporations like JP Morgan and the likes happen to have hedge funds and smaller money management firms situated in a number of locations lately.


 

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What is Agile Development and how is it Different from Scrum?
What is Agile Development and how is it Different from Scrum?

Agile development, which is also known as agile software development is a term that is used to describe a set of principles for the development of a software. This is a system where cross-functional teams are supposed to function in a more collaborative manner and assist in the evolvement of solutions and requirements. Developed by Agile Architecture, this software technology is supposedly advocative of various aspects like adaptive planning, evolutionary development, continuous improvement, early delivery. It also plays an instrumental role in influencing responses, which are more flexible in nature, when it comes to change. The term ‘Agile’ was supposedly coined in the year 2001 and was included in the Agile Manifesto. In keeping with the brand name, it is usually written as Agile, with a capital A.

The philosophy of this software dictates that agile software differs largely to the traditional software engineering programs. It is supposed to mainly target product development and complex systems, all of which have non-deterministic and non-linear characteristics. All those professionals who have expertise in this software, usually are responsible for reducing the whole idea of ‘leap of faith’, which is required by users right before any evidence of the value can be readily obtained. When it comes to big and up front specifics, they usually tend to be economically unsound and thus lead to a lot of wastage of resources. These and many such industry experiences, in the previous times have proved instrumental in the shaping of agile development’s iterative and evolutionary development.

While it is believed that a number of agile methodologies happen to share much of the similar philosophy to Scrum methodologies. Apart from this, they also happen to share numerous similar traits and practices. But all of these differ when it comes to the point of implementation. Each software then has its own practice, technical jargon and functions. Scrum is known as a very lightweight agile project management framework, with varied applications when it comes to management and control of diverse projects. Mainly due to its ability to be a wrapper for a number of engineering practices, which other agile methodologies promote, Scrum has increasingly gained popularity. Here the product owner is able to work closely with the team and is able to assist in the identification of Product Backlog. This is basically a set of features, fixes for bugs and many other aspects which prove to be useful, when it comes to delivering a successful software system.

In the scrum software, the sprint that is considered to the basic unit, when it comes to development; and in each sprint the working team is supposed to create finished portions of the very product. On the other hand, the Agile method iterations, usually involve the working of a team through a full software development cycle. This involves planning, analysis, design, coding, unit testing, acceptance testing and so on. While both of these software development technologies seem to be different in nature, but are equally popular among students who usually take up professional training courses at Imarticus Learning.


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