How Analytics Is Being Used In Data Journalism?

Growing technology leaves an impact on every industry. As people want to upgrade, they allow the integration of computation in their fields. The current trends in journalism are no different from any other. There is an intersection between computation and journalism, which we will widely discuss here.

AI is expediting the process of analyzing data and synthesizing them into stories. For example, automatic story writing involves Natural Language Understanding and Processing for synthesizing reports. AI also helps generate images and videos for data journalism.

Why do journalists need to learn data analytics?

There is a shift in the digitalization of media publications, and companies who couldn’t bring the change collapsed. Simultaneously, the ones that could are now exploring data and computation tools to make journalism more economical.

The process of computational journalism is using analytical tools for reporting. Data journalism is much different from traditional journalism, and journalists need to keep up with the trends. If you plan to work in media, you will also need to gather knowledge from a data analytics course to work more efficiently.

The job of a journalist is to take unstructured data and creating a structure. They have to be convincing enough to catch people’s attention. Structured data is not always informed about different people or events. It can also include factual numbers like tracking money, the effects of an election, and so on.

One of the most prominent examples of how data journalism worked is the exposition of the Panama Papers. Global journalists came together and exposed famous names, which led to resignations and legal trials.

Among all media companies reporting, a German newspaper, Süddeutsche Zeitung, revealed the most extensive dataset. The company had an anonymous source report of 11 million documents to them. The company then teamed up with 370 journalists across 76 countries and carried out a year-long investigation to expose influential people.

Without the help of analytics, it is impossible to have evidence regarding such matters of corruption.

Data journalism makes way for democratic storytelling

People who join the data analytics career work with the science of analyzing raw data for drawing conclusions. When you add this to journalism, it creates a more straightforward approach for the media as well.

Nowadays, computer-assisted reporting is standard, and technology helps us gather information, analyze, and create stories. Thus, open data is democratic, factual, and engaging.

Every industry is taking efforts to make data more available to people. For example, data regarding the government, census, demography are all on the internet. Thus, it helps journalists who like to dig deeper into their research and come up with fact-based reports.

One such example will be the Stanford Open Policing Project. The university’s journalism department allowed its students to register freedom of information act requests. All the states were asked to report the electronic version of the stop data of State Police. In two years, they garnered records from 31 states with 130 million records.

The data helped students understand what makes a policeman pull over someone.

The university opened the data for any media house or local reporter to download this information. The revelation helped people understand the state police better. It also highlighted how the police take actions across racial demographics and a pattern to understand how they work.

Visualization is vital for journalism

Data visualization is an essential part of journalism as it engages people. Journalists take complex data and convert them into exciting visuals. People don’t have much time to read lengthy content nowadays. Attractive visuals with short content are more engaging.

Visualization is another aspect of why journalists need to know how to use tools to create them. There are many such tools available to create compelling visuals with complex datasets. It goes onto show the varied skillset a journalist needs to have for surviving in this field.

Investing in an MBA| Employment Outcomes

A person’s investment in an MBA is a huge decision; however, the benefits can be worth it. According to Business Insider, those with MBA degrees have higher wages than people without them and are more likely to get hired for top managerial positions or high-paying professions like FinTech.

In addition, business schools also offer alumni networking opportunities that could help graduates find new job openings outside of their company and mentorships where they might learn how best to use their skillsets on future projects, which increases employment options even further.

In this article, we will cover how to get an MBA online, the top accredited online MBA programs, and why you would want to pursue distance learning.

How to do MBA Online?

The first step towards your MBA is to decide what kind of degree you are looking for. A few options are available depending on the career path that interests you, such as an Executive MBA (EMBA) or international program. These programs require some work outside of class time and may have different costs associated with them, but they can be worth it to get ahead early on in your career!

Best Online MBA Courses

So, you want to get a good MBA but are too lazy or busy with work and family. One solution is the best online MBA courses out there! With these programs, students can earn their degree from home without ever setting foot on campus (or even leave your bedroom)! These programs also offer opportunities that traditional schools do not such as flexible course schedules. Those who have children can attend classes during school hours while others may take night classes, which enable them to achieve graduation in less time than four years. Sounds like an idea worth exploring?

Imarticus Learning, an internationally recognized online institute for MBA in FinTech, is the best place to study this popular field. Imarticus learning offers flexible programs and courses that are designed especially with young professionals like you in mind.

Many people don’t know what a “FinTech” degree even means; Imarticus Learning takes it upon themselves to provide students who want hands-on experience with various industries of business management skills while earning their graduate degrees–a one-stop shop. As part of our program, we’re also giving you access to top industry leaders such as IBM or Chase bank executives and professors from Oxford University right at your fingertips!

Why should one opt for Distance MBA?

The reason to opt for Distance MBA is that it offers incredible flexibility. It’s an option if you have a job but are looking to expand your skillset or take on more responsibility in the workplace. If you’re already working full-time and don’t want anything else weighing down your schedule, this may be perfect for you!

Distance learning can bring tremendous benefits with minimal cost and time commitment so long as one knows what they need from their career future beforehand.

Conclusion:  If you’re looking to invest in an MBA, you must know what the future could look like for your career. You may be considering if now is the right time and wondering about how much of a return on investment (ROI) you can expect from your degree.

In this article, we’ve provided some insights into employment outcomes based on different academic programs below. This should help with understanding potential ROI figures when investing in an MBA or graduate education program. Enquire now to get more information on the best online MBA courses.

 

 

How can the Blockchain Secure IoT Networks? Applications of Blockchains in the IoT!

The blockchain and the IoT have immense potential, and professionals are already working to combine these technologies. This merger can enhance data security within IoT networks & support various IoT solutions.

Here’s how blockchain features can be used to enhance IoT networks:

Why do IoT networks need blockchains?

The concept of an IoT network is that smart devices gather data about the environment, wirelessly connect to the internet and other devices via gateways & routers, & share the data collected within a network.

In addition, remote devices with user interfaces control IoT devices while transmitting data to users. In this IoT network, the data flows between IoT devices & can be stored on the cloud, local database, remote device, or IoT devices.

Applications of IoT:

IoT is used in workplaces, public spaces, streets, or at home, facilitating smart home systems, security systems, smart city infrastructure, etc. IoT devices are widely used in healthcare, manufacturing, construction, agriculture, & other industries. Wireless connections make IoT technology easy to implement for home & business usage.

Benefits of integrating a blockchain into an IoT network:

Data decentralization

The distributed architecture of blockchain means there’s no central point of control. This eliminates single points of attack or failure, reducing infrastructure, reconciliation, & management while improving fault tolerance. The nodes in a blockchain network manage the distributed digital ledger and confirm new blocks.

Improved system scalability

While reducing IoT silos, blockchain IoT integration contributes to improved scalability. Decentralized networks distribute workloads over devices and provide more computing power than centralized networks.

Guaranteed data stability

The data stability in a blockchain is ensured with cryptography that makes the distributed ledger permanent and unalterable. Added cryptography to smart devices provides secure data transfer & storage. A blockchain can keep a stable history of device communications within a specific IoT network.

Stronger authentication

With a blockchain, every IoT device can be identified. A blockchain can ensure trusted authentication & authorization for smart devices, which means all data within the IoT network will be secured. The private key remains with the user and is used to prove their identity, while the public key is distributed to the network provider.

Enhanced privacy & security

Blockchain secures communication between IoT devices by storing data in transactions & validates those transactions with nodes. This ensures traceability & accountability of sensor data. By using cryptography for communications, blockchain eliminates the risks of data breaches.

Improved data management

A blockchain facilitates IoT devices to communicate without involving a server, cloud storage, or other local databases. IoT developers can use blockchains to provide device-agnostic & decoupled applications.

Grow and learn with Imarticus Learning:

Both blockchain and IoT technologies are constantly developing to solve existing problems & meeting new ones. A Blockchain course is all you need to consider for those looking for career opportunities in the tech industry.

best Fintech courses in IndiaIf you wonder how I become a Blockchain software engineer, Imarticus Learning caters to your doubts and offers Blockchain courses that get you into detail.

The 9-month extensive program will help you prepare for the new-age Software Engineer role specializing in Cloud, Blockchain, and IoT.

The course allows students to build a strong foundation of Software Engineering concepts, with industry experts helping to learn the practical implementation of Cloud, Blockchain, and IoT through real-world projects from diverse industries. This course goes a long way towards helping you unlock lucrative career opportunities in the ever-growing field of Software Engineering.

For further details, reach out through the Live Chat Support system or visit our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

How Do You Prepare For A Financial Analyst Intern Interview?

An internship is an important experience for any student. It helps the student get clarity on what the field is about, and also gives a little experience before a full-time job. If you are a student of finance, internships can help shape your preferences. There are many options when it comes to finance-related internships since finance is the backbone of any business. You can get an edge on recent graduates, based on the internship you choose. Keep in mind the following factors before you apply and sit for a financial analyst intern interview.

Choosing the right company
If you do not have prior work experience, applying for an internship can be difficult at a reputed company. But do not worry. The company will not expect you to demonstrate an expert knowledge. However, they will expect you to know something about the company’s finances and business models. You can prepare for the interview by learning about the company properly beforehand.

Look for company analyst reports, along with the latest quarterly and annual reports. Check for any public information on the company as well, such as press releases and economic news articles. You can also check how the stock has performed in the last year, and whether it is making a profit or not.

Keep a track on the company heads and important financial staff, including the CEO of the company. You can also prepare some questions to ask the interviewer, which can help build a good opinion for you.

Trends in the finance industry
It is important to know about the industry in which you are thinking of making a career. Read up on the latest industry trends. Stay informed on the performance of the company, as compared to its competitors. It may be useful to follow up on the brand image of the company due to its advertisement campaigns. There may be some important technologies or recent trends which the company works on, and are interesting for you.

Mention your experience with the finances and technologies that you may have worked on in the past. Remember companies are always on the lookout for people who fit well into its system. This may help you to land a full-time job after your internship with the same company.

Prepare for the interview
Be ready to explain why you are interested in an internship with the company. You may also be asked why you are interested in a career in finance, about your specific interests, and how the internship can help further your career. Explain how you always have been interested in the field. Talk about stocks and bond markets and their basics. You can also take up a Financial Analyst Course and brush up the relevant concepts.

The financial analyst certification would definitely help you in the long run in your career. You can also check the price of the company’s stock on the day of the interview.

On the day of the interview, make sure to be on time. Preferably, you should reach some time before the interview. Maintain personal grooming and dress accordingly to the dress code that is being followed in the company. Most financial companies have a formal dress code usually but do check with the HR or receptionist before going for the interview. During the interview, try to answer the questions as precisely and directly as possible.

R Users Need To Study SAS Programming As Well, Here’s Why

When it comes to the IT industry, there are a number of debates, regarding various gadgets, operating systems, applications and so on. There is also one lesser-known debate, which takes place quite often in specific IT circles. This is the debate between SAS Programming and R Programming, two of the most popular and highly preferred tools in the data analytics industry.

The field of data analytics deals with great amounts of data in the virtual space, which is generated by companies, across different fields. While both of these data analytics tools, perform very similar functions, one very essential distinction between them is, that R Programming is an open source software, whereas SAS is a paid, licensed software. As there is a huge demand for highly skilled professionals in the field of data analytics, a lot of institutes have begun to offer courses in R and SAS training.

While R is an open sourced software, which means that it can easily be downloaded. This easy access is what has made it so popular in the data analytics field. While it is true that R can do everything that SAS can do, which is the opening argument of a lot of R users; it is also important to note that softwares like SPSS can also do what both R and SAS can do. While SAS Programming is a paid licensed product, R is free and this why it is believed to better than any other data analytics tool. This may be true in some aspects, where R users get to experience all the new and updated techniques whereas it takes a while for SAS Programming to assimilate them.

Think of it as a windows versus linux argument, where although Linux does everything similar to Microsoft, yet does not really have that much credibility in terms of the official usage. When R users opt for SAS training, they get to learn the not only the oldest tool in the market, but also a software that has been used as a default software in many companies for the past three decades now.

SAS Programming training will equip a professional to cover almost all the areas of statistical analysis and techniques. The fact that it is a licensed product, users can be sure that all the new additional changes are thoroughly tested by the support center.

R users getting trained in SAS would be able to handle large databases without any glitches like memory errors or becoming unresponsive. SAS is designed as a data manipulation language, which means that it can run intuitively and is very easy to learn, this would be a fresh change from the fact that R is more difficult to learn.

Although there are a lot of reasons why one would prefer R, mainly because it is free, can be updated, and has a huge community where one can find out problems, but it cannot be SAS.

This programming language is already a default software in a lot of companies, most of them do not even use it for analytics purposes. SAS provides a great support base, guarantee and is best tool to us in the long run. Hence it becomes a necessity for R users to try and master the skills of SAS programming.


 

A Most Trending Career in the World is Data Science!

A Most Trending Career in the World is Data Science!

Information researcher is moving everywhere. The interest for such researchers is colossal, more than the number of accessible competitors. A new report clarified that the interest for these researchers has expanded by over half since last year.

The buzz that information science has made all throughout the planet is great. The field of best Data Science courses in India can change your profession completely and move your vocation into the swearing field.

WHO CAN BE A DATA SCIENTIST?

The information researcher is the person who can perform a wide range of parts of information crunching yet not really be a specialist in any of them, which in short is named as a ‘handyman’.

The individual who needs to turn into an information researcher should have numerical abilities, measurable abilities, and programming abilities, and the necessities to have a definite comprehension of every one of them.

This individual additionally needs to have solid business information with the goal that he/she can go through business issues totally and can fabricate solid business methodologies for what’s to come.

Really at that time can you apply your abilities viably in the association in which you will be utilized.

TOP COMPANIES HIRING DATA SCIENTISTS:

Top organizations, just as new companies, are needing information researchers due to the huge measure of information streaming in the association’s data sets.

A lot of graduates are anticipating their vocations in the field of information science since it is one of the generously compensated positions or has a promising future.

However, they neglect to comprehend the way that affection for coding, numbers, and calculations is exceptionally vital for the ones who need to manage huge information. It isn’t some tea.

It is testing and intriguing simultaneously.

The top business concerns incorporate Flipkart, Amazon, and LinkedIn and the new companies incorporate Accenture, Heckyl, and DataWeave.

What is Ethereum Blockchain?

If you keep tabs on areas such as banking, investment, cryptocurrency over the last decade, you may be familiar with the term “blockchain”, essentially a digital ledger-keeping technology behind cryptocurrency. Likewise, when you are familiar with cryptocurrency, you may hear of Ethereum, the second-largest cryptocurrency in the market after bitcoin and most actively used in blockchain.

Let’s dig and learn more about the topics – what is blockchain, what is blockchain technology, how does blockchain work, how to become a blockchain developer, what is ethereum blockchain, etc.

What is Blockchain and How Does Blockchain Work?

Blockchain is a database system that stores data in a way that makes it very difficult to hack the system. Blockchain gathers new information in a group called block, and once the block storage is full it is chained onto the previous block. Blockchain can be used to store various kinds of data but mostly used to keep a ledger for a transaction.

Blockchain was initially invented to keep track of all Bitcoin transactions. In cryptocurrency use-cases, blockchain works in a decentralized way and decentralized blockchains transactions are recorded with an irreversible cryptographic signature called the hash. The decentralized databases, managed by multiple participants are known as Distributed Ledger Technology (DLT).

What is Blockchain Technology?

Blockchain technology is a structure to store transactional data, called a block in multiple databases, called a chain, in a network connected through peer-to-peer nodes. All the transactions recorded in this ledger are authenticated by hash, safeguarding from tampering. Blockchain relies on key technologies such as cryptographic keys and a peer-to-peer network containing a distributed ledger.

Blockchain technology uses hash encryption to secure the data, depending mainly on the SHA256 algorithm. In blockchain technology, data entry to the ledger is called “mining”. Mining involves the generation of hash for a specific transaction.

By all means, blockchain ensures a higher level of security and can support various industries like finance, supply chain, manufacturing. Blockchain founders are working towards the expansion of blockchain technology and influence in various industries. Judging by the success, blockchain could rule the future digital world.

How to Become a Blockchain Developer?

Blockchain developerBlockchain technology is still in its nascent phase. High demand, lucrative pay scale, and opportunity to work in cutting-edge technology are few notable reasons that make this career path worthwhile.

To become a blockchain developer, you should start with blockchain concepts, ideas, and architecture. Learn decentralization, the use of consensus in the blockchain.

Become familiar with glossaries and principles of blockchain. Learn cryptography, related algorithms and solutions, and blockchain ecosystem. Be familiar with real-time use cases.

Chartered Financial Analyst courseTo start coding, beginners are recommended to start with Solidity. Learn to create simple blocks, blockchain, implement genesis block, add the block to the chain, validate, and perform a test run. Subsequently, proceed with advanced features like Smart contracts, build the decentralized applications.

Many institutes offer quality courses on blockchain such as Imarticus Learning’s premier FinTech certification course that is offered in collaboration with SP Jain School of Global Management. This course teaches you multiple cutting-edge technologies including blockchain using hands-on training from industry experts, real-world case studies, and projects.

What is Ethereum Blockchain?

Ethereum is a blockchain platform with its cryptocurrency called Ether or Ethereum. It uses its programming language, Solidity. It is decentralized and is an open-source blockchain with a smart contract facility. Ether, the native cryptocurrency of Ethereum is the second-largest cryptocurrency after bitcoin by market share.

Ethereum is the most widely used blockchain. If we compare bitcoin to Ethereum, bitcoin is just a cryptocurrency, where Ethereum is a technology with its cryptocurrency. Both bitcoin and Ethereum operate on blockchain but Ethereum is far more robust.

Related Articles:

Career Opportunities In Blockchain And Skills Required To Increase Job Prospects!

How Do You Get The Blockchain Certification Online?

What Is Blockchain Developer Salary?

What Is A Blockchain Course?

Fund Managers Bullish on Stocks But Wary of ‘Hot Money’

Many of the country’s top fund managers believe the recent strong performance seen in Indian stocks is set to go a long way — but some of them want it to go only so much.

At a summit organized by mutual fund-information website Cafemutual for fund distributors, speakers said the mood for business in general as well as for stocks had turned after the formation of a stable, perceived-as-decisive central government in May this year. This has reflected in the sharp movement seen in Indian shares, which have risen close to 30 percent year-to-date (as measured by the benchmark Sensex), outpacing several major markets around the world. “We believe we will get back to 7 percent GDP growth by fiscal year 2015-16,” S Naganath, president and chief investment officer at DSP BlackRock Asset Management Company, which manages about Rs 34,000 crore in assets, said.

This he said would result from the restarting of stalled projects that had sputtered to a halt during the economic downturn that had set in over the past two years, in which the country grew at below 5 percent. “Inflation too will gradually stabilize around 7 percent by 2015 while the Reserve Bank of India may cut interest rates by first or second quarter next year,” he said, adding that all of this would result in corporate earnings, which grew at about 10 percent in FY14, to improve to 15 percent this fiscal and 20 percent in the FY16 and FY17.

As a result, the Sensex could reach about 45,000 levels in three years, the DSP chief said, assuming the Indian market commands a price-to-earnings multiple of 20 times. (Sensex earnings-per-share should grow from Rs 1,300 in FY14 to Rs 2,150 by FY17, according to Naganath’s earnings expectations.)

Given the rally in equities is expected to be backed more by earnings growth than pure PE expansion, it would also be sustainable, Anoop Bhaskar, head of equity at UTI AMC, the country’s fifth-largest asset manager, said. Be wary of behaviour biases But as retail investors, who had largely given mutual funds the cold shoulder after stocks plummeted in the aftermath of the 2008 financial crisis, start plowing in greater amounts of money into them, fund managers will keep a closer eye on valuations, having learnt from that experience, according to Sankaran Naren, chief investment officer of ICICI Prudential AMC.

“We are cautiously bullish on the markets as valuations are closer to the average currently,” he said. “[Despite the recent run] we are not in bubble territory.” But he urged the audience, comprising of distributors and financial advisors, to not let their clients stray from their asset-allocation principles, which decide how much an investor should split their investments between higher- and lower-risk asset classes. “If the current run continues, there could be a time a few years from now — I don’t know when that will be — when it will be a good time to become cautious on equities even if it means risking short-term underperformance,” he said. “There will be a year like 2007 when you should be willing to look like a fool.” Naren said the signs of such a bubble would be when equities continue to give outsized returns for several years, when valuations become disconnected with earnings and when “hot themes” (such as IT stocks in 1999 or infrastructure stocks in 2007) emerge.

The country’s biggest and one of the finest fund managers, HDFC’s Prashant Jain, lamented the way stock and mutual fund investors had failed to make money even as the index had performed well over the long term. Jain cited the example of HDFC Prudence (a balanced fund), which has grown 45 times since its inception in 1994, compared to seven times for the Sensex. “We looked up the data for the average holding period. Only 3 percent of investors invested in the fund stayed on for more than 10 years, 23 percent for more than five years while 50 percent of investors put in money for less than three years,” Jain said. “Out of roughly 70,000 investors in the fund, only 25 have stayed on since its inception.

These 25 investors may have either forgotten about their investment or passed away,” he chuckled. An advocate of low-PE investing, Jain said investors’ force of habit to come back into stocks only after a sustained period of outperformance has always caught them on the wrong foot. “In 2003 [when a long-term bull market was about to take off], inflows into the country’s mutual funds were Rs 118 crore.

In 2007 [when the rally came to an end], investors poured in Rs 50,0000 crore.” “The discipline to buy when there is apathy for stocks and not go overboard when they start performing well always pays off,” Jain said, pointing to his 2012 presentation wherein he exhorted investors to buy stocks when they had fallen hard amid a quagmire of bad economic news and as mutual fund investors continued to redeem their investments. “Today, the European crisis is not talked about anymore. India’s current account deficit and inflation are under control [but stock prices have run up considerably since then].”

What is the Best Course for Financial Analysts in India?

A financial analyst is someone who is responsible for both internal as well as external financial analysis of all the clients of any particular finance firm. These professionals generally help their clients by advising them about the various options they would be able to invest in.

A Financial Analyst has a number of other designations such as Securities Analyst, Research Analyst, Equity Analyst or Investment Analyst. The various duties of a Financial Analyst comprise of writing reports, outlining the basic principles as part of the many brokerage agreements, technical chart analysis, tactical evaluation of the market environment and so on.

The job of a Financial Analyst bears some similarities to that of a Financial Planner as there are numerous instances when both these professionals, have to work together in order to conclude certain investment deals.

If you are a finance aspirant and have been entertaining the idea of entering into this field, there are certain aspects that you must keep in mind. Those candidates, who are very good with accounts, as well as possess an inclination towards the financial side of any organization, may find this career to be extremely fruitful.

Apart from these, there are various other skills that this career demands of its professionals, which are mathematical skills, reasoning and deep understanding of finance, exemplary communication skills, as well as, the ability to conduct flawless presentations. Financial Analysts are usually responsible for convincing their clients, through the various conclusions that they derive through their presentations.

This field is believed to be as rewarding, as it is demanding in terms of the skill set to be possessed by the candidates. When it comes to job opportunities, a Financial Analyst can either choose to work with a firm or choose to open an independent practice of their own.

The various career paths herein include accounting, auditing, as well as an assessment of taxes. A Financial Analyst can also be hired, in order to investigate the financial position of the company, in order to facilitate the trade of shares and securities. The various other career options for a financial analyst include account management, share valuation, company secretary and so on.

Follow us on Linkedin for Company Insights

In order to attain the designation of a Financial Analyst, a candidate should definitely be a graduate, belonging to a similar field of finance or economics. While at the same time there are a number of students who attempt to give the prestigious CA exams, while others take a shot at becoming charter holders, by attempting to acquire the Chartered Financial Analyst designation.

While all of these educational pursuits are very much expected of a candidate, but in the recent times, a number of candidates have begun to opt for professional courses, in order to get an edge over their contemporaries. If you are looking for a professional course, in lieu of becoming a Financial Analyst, enrolling for the Imarticus Finance certification Program, offered by Imarticus Learning is the best option.

The CFA Certification is considered to be, the best bet towards a fulfilling career in Financial Analysis, mainly because this program guarantees to equip the candidates, with a thorough understanding of Financial Accounting, Financial Modeling, Industry Analysis, Corporate Strategy and Valuation Methodologies, all which are requisite to value both listed and unlisted companies.

Through this course, a candidate will be able to acquire a toolkit of highly practical, financial skills, which will prove beneficial to their career in the future.

India’s Top Boutique Investment Banks And What They Are Looking For In New Hires.

Boutique investment banks are an evolution of investment banking based on the demand for a bouquet of services mainly by smaller enterprises and startups. Since the investment ceiling in this group is not tiny and extends to Rs 200Cr, many investment firms and banks find it an excellent opportunity to customize their services to cater to such clients. Firms like JP Morgan, JM Financial, Morgan Stanley and Goldman Sachs were quick to jump on to the bandwagon. In India, currently, a large number of opportunities have been thrown open by European firms like Merrill Lynch, Citigroup, BNP Paribas, Credit Suisse and Lehman Brothers outsourcing their requirements of investment banking.

What are Boutique Investment Banks?
The top-heavy banks with the highly paid large payouts and boards look at markets above the 100Cr Rs mark and charge a commission that could vary from 0.5 percent to about 2 percent of the deal values neglecting the markets below 100Cr as their demands seem exorbitant here.
A boutique services investment firm concentrates on the 10 to 100Cr segment offering them services like bank debt, fund-raising, private equity, advising on acquisitions, dealing with mergers, managing IPOs and customizing on services in between, while offering them the personalization of the large banks with better services thrown in.
Among the Indian firms who are worth watching and joining for a lucrative top-notch career are Veda Corp, Ripple Wave, MAPE, Cogence Advisors, Equirius Capital, and P2P who are giving the big banks a run for their money in the boutique banking sector. These firms are typically staffed by less than a hundred employees and offer great opportunities in the IB sector both in terms of payouts and career progression.
The job role:
To understand what these companies look for in the new hires, let us try to look at what exactly happens in an average investment banker’s workday. The task-list of an investment banker includes advising and pitching financial instruments to clients, helping with investment and funding decisions, and providing financial data to clear customer decisions.
The fun part lies in creating financial reports, reporting trends, making client presentations, garnering foresight, researching case studies and more. Client facing tasks like issuances and debt-portfolio management is challenging and exciting.
The career progression:
Doing an IB course reiterates that investment banking is about setting and selling the right expectations. You will probably progress up the ladder quickly, enjoy high bonuses and payouts linked to the deal values, and would need every bit of the best financial training and skills to handle the stress and heat that will last through work hours like 100 to 180 hours a week being considered part of the job.
The usual hierarchy of job roles is as given below –

  • Undergraduates spend up to 2 to 3 years as an FA learning on the job.
  • The graduates joining as IB Associates depending on their specialization or those with actual work experience and classroom.
    training spend about 3-4 years learning and practicing their role.
  • VP- Investment Banking based on performances and value-adds to the organization being the next progressive step.
  • Director-IB, which is a management and decision-making high strategy role.
  • CFO, MD and such who anchor and are at the helm of the management team.

The essential traits required:
Investment banking calls for requisite skills in analytical, quantitative and commercial awareness coupled with the banker using his/her persona, discipline, and financial integrity while remaining calm and stress-free through a punishing day. Many of the finance, law and economics graduates who do a skill-building investment banking course at Imarticus Learning benefit from a comprehensive curriculum and excellent soft-skills training by being placed as Associates directly under their assured placement programs.
Remember that according to Payscale chart below, the investment banker’s payouts are among the best.
Any employer would also want people with these attributes.

  • Certifications are worth their weight in terms of measurable skills.
  • Proficiency in Excel techniques, PowerPoint presentations, an excellent foundation in accounting and finance and the MS Office and Word suites.
  • Counting as an effective team member.
  • Being an effective organizer.
  • Being always in the learning mode.
  • Excellent skills in financial modeling.

Concluding notes:

The total payouts in investment banking are proportional to your skills, hard work, and basic training. Your performance and bonuses will depend on your work. Join the investment banking course at Imarticus Learning to hone your financial suite of skills and take advantage of their soft skills modules. A measurable global certification which endorses your practical skills is highly sought after as real-life experience and preferred by many employers.
Wishing you all success in your career! For more information in brief and for further career counseling, you can also search for – Imarticus Learning and can drop your query by filling up a simple form or can contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Banglore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.