How to Join the Investment Banking Operations Industry without a Finance Degree?

In the investment banking operation industry, in most cases, employers seek candidates with a finance degree. But, is it possible to make your way into the industry if you don’t have one? While without a doubt, the task is an uphill one for you to secure a job in investment banking if you don’t possess a finance degree; there are still ways you can get in.

A finance degree will make a candidate skillful in areas, like financial modeling and analysis; however, these are not all the qualities employers seek in a candidate. They want something more too.

The Skills Investment Banks Look for:

●     Communication

Communication is the key in most professions. Your ability to communicate the facts and present your ideas in a proper manner towards your client, team, or management often plays a vital role in job interviews.

●     Intelligence

Investment banking is not an easy industry. To succeed, you must have a higher level of intelligence and resourcefulness.

●     Global outlook

The way you look at finance and its impact within the bigger picture of international relationships and history and international politics plays a major role as an investment banker.

●     Innovation

As an employer, banks not only check if you can solve the problem but also the way you think and if you deliver the most optimum solution in the hard paced environment. Being innovative while solving problems will give you an edge in investment banking.

●     Passion and Resilience

A real passion for business and finance along with the ability to deal with high-stress and demanding environments can make you successful in the investment banking industry.

Now the bigger question is – how to achieve the skills desired in investment banking when you don’t have a finance degree. Below few points could be your guide:

●     Round off your degree

MBA in Investment BankingYou can always make your resume stronger even without a finance graduate degree by taking banking courses after graduation. You may opt for an investment banker course.

A relevant course will help you catch up with your competitors and also will make your resume suitable for investment banking employers.

●     Expand your knowledge base

There are plenty of materials available online or offline. It’s important to learn the finance lingo besides your finance knowledge. Various finance journals and websites are there at your disposal to learn the finance language.

●     Complete industry course

A relevant industry course under your belt not only makes you job-ready but also showcases your commitment to building a career in finance.

●     Score an internship

Many banks hire from their interns. Getting a paid internship for a non-finance student is very difficult; however, there are other options like an unpaid internship or volunteer work with a broker. Considering the impact of internships to get a full-time job in investment banking, alternate ways are not a bad choice either.

●     Look for mentorship

If you know someone who is influential or a successful finance professional, who believes in your professional capabilities, then don’t hesitate to approach for help. This could be a great help in your job search to jumpstart your career.

●     Networking

If you want to step in without a finance degree you have to build a large network. Do not leave any opportunities to connect HR departments in various platforms, do not restrict yourself to a specific location, and reach everyone for help. In short, do everything you can to step into a finance organization. Be patient, work hard and better opportunities will come your way.

Conclusion:

Though it is difficult for a non-finance degree holder to secure a job in investment banking, relevant banking courses after graduation or an investment banker course can give you the edge you are looking for. With enough hard work and networking, you can join investment banking without a finance degree.

Related Article:

What is the best way to start a career in Investment Banking?

How RPA can streamline Traditional Loan Underwriting?

Automating underwriting can increase turnaround time exponentially, pushing the needle from weeks or months to a few days.

But do you wonder what robotics & automation have to do with securing a loan? According to recent developments in tech-driven underwriting. The current pandemic exposed painful inefficiency of underwriting loans processes, financial organizations & companies turning to automation to move things.

Here’s how RPA assists Traditional Loan Underwriting:

Smooth Banking during a crisis

With the turnaround time of receiving credit taking longer, businesses desperately need it due to crises arising due to pandemics. It’s a terrible situation for the economy where a small loan could make a difference. The problem is heavy reliance on manual processes making the situation complex and unsustainable.

Automating underwriting increases turnaround time exponentially. This can bring much-needed funds into the hands of individuals & businesses requiring it without sacrificing the underwriting quality, which is essential for financial institutions to be sustainable.

Resolve Complexity of Federal Loans

There are many federal opportunities for loans, but these options come with their setbacks, data points, methodologies, and a lot of paperwork. Training humans for these complexities is time-consuming, but AI can catch on to the mundane, rote pieces of underwriting, leaving humans ideal for higher-order tasks.

Robotic Process Automation (RPA) facilitates the loan process from end to end, removing human intervention and reducing errors due to factual inaccuracy. RPA-powered software can help individual information from multiple sources and systems and create a complete picture of an individual or organization’s loan worthiness to combat the glut of data.

RPA also assists government organizations in responding to queries more quickly due to natural language processing & the evolution of chatbots.

Implementing RPA for sustainable loan processing

Using automation helps cut down human errors, fast-track processes without sacrificing accuracy & provide valuable communications between loan applicants & loan providers. It’s a transforming way to think about credit & how we respond to a future economic crisis.

Explore the New Age Career in CRU with Imarticus Learning:

financial analyst courseGet an in-depth understanding of dynamic banking & non-banking financial corporations (NBFC) loan markets with the Credit Risk and Underwriting Prodegree from Imarticus Learning.

For those who wonder what after B.Com, this program lets you acquire tools that help you understand India’s credit landscape, get some diligence, conduct financial analysis, and learn the entire loan assessment process.

The students get a hands-on learning experience as you explore five comprehensive case studies. These case studies are linked to a different aspect of the curriculum, providing you with an opportunity to apply skills and gain an in-depth understanding of how credit risks & underwriting works.

After completing the course, you’ll be rewarded with an industry-recognized Certificate of Excellence in credit risk and underwriting. The Certification represents the skills and knowledge students have imbibed during the course and can be used to boost the portfolio and resume.

If you’re looking to explore careers after graduation and heading for employment opportunities in the BFSI sector, take some time off to pursue a risk management degree or earn a globally accepted credit analyst certification. Designed to enhance business and analytical skills and provide an overview of the Banking, NBFC, and Credit spheres, this course is turbo-charged to help you meet and exceed employer expectations.

Contact us through the Live Chat Support system or visit our training centers in Thane, Pune, Mumbai, Chennai, Bengaluru, Hyderabad, Delhi and Gurgaon

Explore the Archives and Discover How Dramatically the Field of Data Science has grown in the Past Decade

Data science has grown to be a data-intensive field in the past decade. In data science, data is king. The data you collect and analyze can help you make decisions to improve your business or solve problems that seem impossible to tackle.

Data scientists are in demand as data becomes more prevalent, data storage gets cheaper, data analysis tools become more sophisticated, and data-driven decisions grow in importance. In this blog post, we explore how data science has grown over the past decade and why data science should be your career choice!

How dramatically has the field of data science grown in the past decade?

The data science industry has grown drastically in the past decade. It is projected to grow by 48% between 2016 and 2026! That’s a huge number – especially when you consider how much data there already was in 2006. This growth has led to increasing demand for data scientists who understand data visualization best practices as well as data science best practices.

Here are some key highlights into the boom of the data science industry:

– Data science is growing at a rate of 13% per year, which is faster than the average growth rate in other fields. This data was from 2017, and it’s only been accelerating since then

– Data scientists are some of the highest-paid professionals around, with an annual median salary of $106,500 according to Glassdoor, as well as self-reported salaries on data science forums

– Data science is a highly valuable skill in the modern economy, which means data scientists are not only making good money but also have jobs that can’t be automated

– As more companies become data-driven and incorporate data into their decision-making processes, it creates new opportunities for employment.

Why is data science such an exciting career choice?

Data science is such an exciting career choice because data scientists are in high demand, and data analysis can be applied to almost any industry. Data scientists are in high demand because companies need individuals who can analyze data and provide insights based on their findings.

Data scientists must be able to work with large amounts of data, often from different sources, then use that information to create business strategies or solve problems by designing algorithms that process data sets in a way that improves efficiency or effectiveness. Individuals interested in this field should consider taking data science courses with placement.

Learning data science enables students to have an in-depth understanding of data science and data analysis, as well as the tools that data scientists use. It is also a very practical course when it comes to finding employment upon graduation as it enables students to practically use the skills that they have learned in their course.

Gain career excellence as a data scientist with Imarticus Learning!

Imarticus Learning is a leading institute in India offering a data scientist certification with placements. The demand for data science specialists is increasing rapidly, and many enterprises are hiring data scientists to manage their internal operations like finance, marketing, etc., or to gain new insights from the data collected.

Data Science online trainingThis data science online training is designed by industry experts that enable you with the required skills and knowledge for a data-driven career.

For more insight, connect with us through the Live Chat Support system or visit any of our training centers based in – Chennai, Mumbai, Thane, Pune, Bengaluru Hyderabad, Delhi, and Gurgaon

Understanding the Role of Data Analytics for E-Commerce Success!

The demand for data analytics in e-commerce is on the rise. Data analytics is a key tool for understanding the behavior of your customers and prospects, allowing you to make data-driven decisions. Data specialists have a promising future in this industry, and companies are clamoring to find talented individuals who can help them better understand their consumers’ desires.

The increased use of data analytics will be pivotal for businesses that want to stay competitive in today’s marketplace. This blog post will discuss how data analytics can help e-commerce businesses succeed in today’s competitive marketplace.

Role of Data Analytics in E-commerce Success

Data analytics plays an increasing role in e-commerce success. Companies are looking for data analysts with the skills to help them gain a competitive advantage by understanding customer needs, behaviors, and trends within their industry. More specifically, companies rely on data analytics professionals to find:

  • Targeted customers that they would not have reached otherwise
  • Deep insights into areas such as product development and merchandising
  • Actionable information on factors such as click rates or session times across devices (desktop vs. mobile) can be used to improve online conversion rates

In addition, these new positions require individuals who can communicate effectively throughout a company’s hierarchy—from senior management down to marketing teams—to ensure all stakeholders have access to the information they need to make informed decisions.

Data is also playing an increasing role in offline commerce. The challenge of understanding customer behavior across channels has led to the increased demand for data analysts with a comprehensive view of all aspects, including brick-and-mortar retail and online sales and promotional efforts.

A growing number of companies are seeking specialists who can collect, cleanse, manage and analyze large amounts of disparate datasets at scale, helping them gain insights about their customers that were previously hidden or difficult to address.

Companies have access to more sources than ever before—from internal company databases such as CRM systems (customer relationship management) and ERP systems (enterprise planning) through social media platforms such as Facebook or Twitter. In addition, companies are finding new ways to interact with their customers and gather data through mobile apps and other interactive tools that enable them to obtain information about customer preferences (e.g., location) in real-time.

What kind of skills are required to succeed as a data specialist?

For a successful data analyst, it is important to have strong analytical skills. You need to ask the right questions and then find and understand relevant information (data). Some of the other qualities that are needed include:

  • Ability to work with large datasets
  • Attention to details
  • Analytical thinking rather than creative thinking
  • Ability to identify patterns
  • In-depth knowledge of statistical concepts like standard deviation, correlation, and regression analysis.

Have a promising data specialists career with Imarticus Learning

Big data analytics courses in IndiaImarticus Learning offers a data analytics certification course that prepares you for a high-growth career. Our unique combination of analytics courses helps students build strong foundational skills and practical industry exposure to build a successful career in the field of Data Science and Business Intelligence.

This course is developed and taught by industry experts with significant experience in analytics. It includes a range of topics, from basic statistics & probability theory to advanced machine learning techniques. This course will help you move forward in your career!

For more details, contact us through the Live Chat Support system or visit any of our training centers based in – Chennai, Mumbai, Thane, Pune, Bengaluru Hyderabad, Delhi, and Gurgaon

How BBA Program Opens Avenues to Success in Management or Entrepreneurial Career!

The course of BBA has undergone a massive transformation in the last few decades. While conventional options like engineering, medicine, science & commerce have been quite common among students, in the recent past, the preference for management programs at the undergraduate level has gained popularity due to the phenomenal growth in career opportunities in the market.

Factors that establish new ways to help students approach and ace an entrepreneurial & management career:

Offering Versatile Business Studies: BBA online courses provide students a wide range of options to pick from. The versatile nature of the degree gives them an understanding of a comprehensive approach towards management studies and implementation in a dynamic business environment.

BBA courses build professionals from scratch with stress on a theoretical base & preparing them for practice through internships. These internships give them exposure to organizational practices & help them get clarity on what sector of the economy they can serve.

Easier access to MBA: With a BBA degree, you get easy access to MBA. A BBA degree builds a solid foundation to ensure easy access & success in an MBA Programme. An MBA degree has now become an important requirement for budding entrepreneurs and Managers. It equips and trains individuals to earn advanced experience & learning.

Jobs at higher designations & better perks: Candidates with a BBA degree and good market exposure witness fast-paced growth in careers. Candidates can expect to rise on the career ladder quickly & become team lead or manager in a span of four to five years.

The earlier you are taken on board, the better it is both for the organization and you. Business administration is one of the highly profitable careers globally. Going by the rise in demand for professionals in the sector, it is pretty evident that a career in business administration will have wider recognition & will be more beneficial for the aspirants.

Suppose the students are keen to build their managerial skills or have innovative ideas on starting their venture. In that case, they must consider pursuing a BBA program for a brighter future.

Grow and Learn with Imarticus Learning:

new age programs in banking and financeLooking for a way too exciting New Age careers in Banking & Finance with online BBA Certification from Imarticus Learning.

This unique program from Imarticus Learning will teach all you need to know about the practical applications of New Age Finance solutions, with an extensive tech-enabled curriculum designed to enhance the industrial knowledge of critical Banking & Finance aspects.

This BBA program explores New Age Banking and Finance solutions via hands-on training with cutting-edge technologies like Blockchain, API, Cloud Computing, AI/ML, RPA, Big Data, and IoT. The immersive learning experience empowers you to apply what you study during the program to real-world scenarios.

If you aim to boost your career by transforming into a New Age Banking and Finance Specialist, your search ends here, and a spectacular professional learning journey begins.

BBA online courseThroughout our BBA In Banking and Finance Program, you will learn from a comprehensive curriculum covering skills & topics like Financial Modelling, Equity Research, and FinTech.

You will work on real business projects, simulations and assignments, while obtaining a strong practical understanding of Finance & General Management that transforms you into a ready-to-hire New Age Banking and Finance professional.

For further details on BBA online classes, contact us through the Live Chat Support system or visit our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi and Gurgaon.