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Day: January 16, 2019

Which Courses To Take If You Are Considering Fintech as a Career Option?

Posted on by Imarticus Learning

 

Which Courses To Take If You Are Considering Fintech as a Career Option?

Fintech is the morphing of Technology and Finance. The emergence of this sector has seen a revolution in the way financial transactions are being made. Blockchain technology which spurred the growth of the fintech industry is today adopted in almost every conceivable sphere of activity. Fintech combines the offering of financial solutions through the use of innovative technology like the blockchain, IoT, AI, and AR among many others.

Fintech is truly an innovation of a disruption in startups. It has brought to us Crowdfunding, Cryptocurrencies, New-age modern banks, Money Management Tools, and Lending Services Peer-To-Peer, amongst others. With such growth obviously the sector needs people who can help it grow. Demand has gone through the roof and supply is hard to find. Yes, this means payouts and salaries are high. No wonder everyone wants to join the fintech sector. 

Consider a career in Fintech
Certification in Fintech is an excellent idea as the industry is new and demand is high. The certification validates your skills and experiences to dive into the fintech world. For earning such certification, you will need to take up a good course like the Imarticus’ Fintech Pro degree. 

The Fintech courses offer a good grasp of basics, concepts, theoretical knowledge, practical skills and certifications that could help enhance your resume and career. They also offer boot camps, short term workshops, and knowledge valuable to enter the industry. Another advantage in such a course is of mentoring by certified and experienced industry aces that helps garner the latest best practices, techniques, skills, and practice on the latest trending technologies in the Fintech industry.

While certification helps you become an excellent communicator and work diligently to acquire the best analytical and business skills. You will need a basic degree in technology, finance or Management. Besides, technical skills in DevOps, IoT, Python, Machine Learning, Big Data, and Hadoop will definitely help.

Where the jobs are:
The Fintech industry badly needs personnel in
• Blockchain Technology
• Digital Payments
• Big Data handling
• Digital Wealth Management
• Analytics Solutions

Job roles available and in demand are for: 
• Project Managers
• Data management experts
• Sales
• HR
• Financial experts in various fields like equity funding, debt capital markets etc.

Non-transferable skills will need to be developed and aligned with the enterprise’s needs. You must have the following traits.
1. Interpersonal Communication skills
2. Ability to solve problems creatively.
3. Collaborative team skills
4. Ability to work with ambiguity, pressure, and demands from the startup environment.
5. Discipline and integrity since you will be working on financial transactions.
6. A good learner as there may be no SOPs.

Payouts: Definite standards in payouts are not present as of now. However, consider the fact that it is an emerging and rapidly developing sector. Demand for personnel drives larger payouts and growth of your career. According to reports on Glassdoor, the payments are very appreciative and second to very few.

Wrapping up:

The millennial babies will find excellent demand for them in the Fintech industries as digitized payments, services and technologies ensure an undying job market in the software, analytics, Machine Learning, Financial markets and services for the Fintech industry. Be prepared. Careers never happen by chance. They result from your choice!

Are Investment Bankers Able to Run Commercial Banking Operations?

Posted on by Imarticus Learning

 

The answer to this question lies in understanding why commercial banking and investment banking have different roles to play in the banking sector. Commercial banking is customer-facing and deposit oriented. Investment banking, on the other hand, is similar to brokering deals between willing investors and companies that need investments and offer good growth. Your skill sets for each operation are different and may require different technological enablement.

Commercial banks:
 In a commercial bank, the deposit accepted from retail customers and the general public offer the banks a good investment capacity. Rather than hold on to the funds, banks invest in growing companies with guaranteed returns, government bonds and loans etc. When the income they earn from such investments is greater than what they pay their depositors as interest is higher the bank is successful.

Investment Banking:
 The investment banker is essentially a broker between the bank, the investors and finance-seeking clients, of investment services like IPO’s, asset management, mergers, underwriting, acquisitions, shares, trading, securities, and bonds. The brokerage earned from such financial transactions made on such advice is pure profit. There is no depositing of funds by the investors in the investment banking section. Investment banking is popular today to the large group of investors who have surplus cash and wish to earn well from it. Angel investors also seek the advice of investment bankers to study the markets, inform them of good investments and compute future gains and insights of ROI and many such advisory activities.

The two are completely different though they are a part of the same banking division. Can an arm be used in place of a leg? Well, that should let you infer how these two divisions function and are not interchangeable. A certain degree of compatibility will still exist from a career point of view. However, retraining is the only solution.

To learn more about such differences you could do courses recommended below when your goal is to make a career in banking and financial institutions and the services they can offer.

• Investment banking courses
• Financial modelling training
• Equity Research Courses
• Venture capital and private equity training
• Hedge funds training
• IFRS certification
• CFA certification
• Credit Risk modeling
• Trading in cryptos training
• VBA, Excel and Macros Courses
• Data Analytics Courses

Doing analytics or financial courses offer a good grasp of fundamentals, concepts, theoretical knowledge, practical skills and certifications that could help enhance your resume and career. They also offer boot camps, short term workshops, and basic knowledge of the technological skills like Excel, Macros, SAS, R, Java and so on. While certification definitely helps you need to be an excellent communicator and work diligently to acquire the best analytical and business skills. Another advantage in such courses is of mentoring by certified and experienced industry aces that helps garner the latest best practices, techniques, skills, and practice on the latest trending technologies in the fields of analytics and banking.

The payouts for investment bankers are far higher than in the commercial banking division. This having been said, do remember that it involves great interpersonal skills, a very specific set of technological skills, financial acumen and tireless work to be successful. A certified course on Investment Banking can definitely help enhance both your resume and career while allowing you to build that set of skills so essential to your job choices, career path, and payouts.

Even bankers can retrain themselves to broaden their fields and job opportunities considering the scope and high earnings of investment bankers. An ideal course for investment banker can equip you for the future. As long as money exists the scope for investment banking never dies down. Act on your choices today.

Also Read: How to Become an Investment Banker