11 Steps to Find the Perfect Remote Job!

Posted on April 28, 2020December 9, 2022 by Imarticus Learning

Amid perhaps the worst healthcare situation in decades, one aspect that has caused serious anxiety in people is the current and future states of work. There is no clarity about what the future holds for several professions in India and elsewhere in the world. Professions have turned into remote jobs that are not bound by a ‘work time’, adding to the stress, low productivity, panic, and even paranoia.

If you feel you are affected by this situation, it is time to explore the world of remote jobs. It can be as a backup to your current job (that may be in peril), helps in your business management functions or to secure your future in case of a layoff. If not anything, you can at least prepare yourself for the future when your current job also transforms permanently into a virtual activity.

Whatever may be your needs, this 11-step guide to finding the perfect remote job will always come in handy. Read on…

Step-By-Step Guide to Finding Remote Jobs

This has been prepared with help from established workers who have flourished in their specific professions while working remotely for decades.

Step 1 – Assess Your Situation

Much like how to finance pundits ask you to invest money with certain goals in mind, looking for remote jobs online should also be based on aspiration, a goal, an aim.

Are you currently unemployed and thus looking for a freelance job where you can work from home? Were you laid off recently and are now looking for a quick alternative? Are you looking to generate a secondary income?

Answers to these questions will help you measure the required intensity in your remote job hunt. Higher the intensity (and desperation), more religiously you should follow the next steps.

According to a report published (pdf) by Outlook India, over 1,000 lakh jobs are going to be at risk because of the Covid-19 situation in India. So, even if it feels like your job is secure today, you should start looking for remote work options.

Step 2 – Assess Yourself and Your Interests

Before you get down to the assessment of your skills, you should take this opportunity to think of things that you have always wanted to do.

You may have worked as a logistics controller for ten years but deep down you have always wanted to be a photographer. Why not hit two birds with one stone and pursue a remote job in something that you are passionate about?

Take a few days to think about such interests and note them down. Then you can move to the next step: your employment assessment.

Step 3 – Jot Down Your Professional Abilities

If you were laid off, the best way to jump back to employment is to convert your day job into a remote one. All by yourself. But how?

Take the example of Beena from Raipur who was one of a dozen employees who were given furlough in March 2020 by their company in the small savings bank sector. The 32-year-old mother of two was devastated to learn that her salary would stop being credited after two months. However, she refused to be bogged down by the situation. After all, she had bills and EMIs to pay. More than that, a growing family to feed and nurture with her partner.

Within a week, she set up her own small finance consultation business. She now works out of her home while following social distancing measures with her two kids and partner.

If you are in the same position as Beena, the first thing you need to do here is to list down your professional capabilities. Is your profession remote work-friendly? If yes, it’s time to assess your skills and experiences and start your own little office at home.

If you feel you were in the line of fire as a direct impact of the novel coronavirus, you should not lose heart. The fact that you are still employable should give you the confidence to tread forward.

But what if you are looking at a remote job as a side hustle?

Step 4 – Collect Bankable Skills

A smart professional will take advantage of the lockdown situation in India to amass new skills that she can later sell to earn money on the side. If you already have a job, you should think from that angle.

Find a remote job that you are comfortable with and then learn the skills required to be eligible to carry out that job. For instance, if you are interested in cooking, you can think of starting online cookery courses. The skills that you will then need are video production, YouTube, and online video publishing basics, digital marketing, and social media marketing.

It may look complex at the start but all you need is to start with the basic concepts of this skill set to at least enter the remote work scene of that field. In case you’re following the step 2 idea, look out for skills required for that specific job.

Once you have a hold on what services you will offer or what skills you will sell, the next step is to start looking for appropriate remote jobs online.

Step 5 – Start Looking for Remote Jobs

Sites like Upwork.com, Freelancer.com, and Fiverr.com are great global platforms to start looking for relevant remote jobs. However, due to the sheer volume of jobs and a sudden spike in competition these days, it is recommended that you scout for remote jobs locally first. That will give you better and faster results.

Having said that, there are certain jobs that will be easier to find during this harrowing time. Some of them are listed below:

Freelance writer or editor
Social media manager
Web or software developer
Video development
Podcast maker
Remote IT jobs (network engineer)
YouTube management
Tableau expert

Even in these broad remote work-friendly professions, there are niches that you can focus on. For example, healthcare writing is a hugely lucrative skill right now. But then, writers with healthcare qualifications will be preferred (or even hired) by those who need it.

If you feel you have to tweak your designation (for example, from digital marketing manager to website manager), do it.

Step 6 – Search Deeper and Smartly

Caught the point about searching for remote jobs in your local area? It’s the best piece of advice you will ever read on this topic because of the current static condition of the entire country or world. Earlier, online remote jobs were preferred for their convenience and talent quality. Right now, it is more of a mandate. An American startup (like Tuxler) which has always had a remote workforce now has similar requirements as an Indian startup based in Bengaluru.

In that vein, it is not enough to search for remote jobs online. You should go deeper and farther.

Here are some tips:

Talk to professionals in and out of your sector and spread the word about your service offerings
Put yourself out there on LinkedIn
Connect with your past colleagues
Follow message boards on Facebook, Reddit, and other India-based forums

Only when you spread your wings wide will you find a handful of leads. And once you find them, hold on to them.

Step 7 – Set Up Your Process

Working from home may sound easy but only for the first few days. When you have to do it for weeks and months, it can be challenging. So, before you even take up assignments, you should build a rough process first.

This includes but is not limited to:

Setting up a makeshift office in your house
Taking care of the essentials like laptop, power, internet, accessories
Any remote job-specific requirements (e.g.: electronic drawing board for designers)

This is important because just laying a blueprint will give you a fair idea about its feasibility. You don’t want to spend loads of money just to set up an online remote job. In an ideal scenario, it should cost you nothing.

Step 8 – Bring in Your First Customer

Even the smallest request for your service should be seen as an opportunity. Your goal here should be to gain your first customer. It can be in the form of a company looking to get some posters designed, a businessman looking to manage his social media, or a businesswoman looking for assistance in online tutoring her kids.

Your focus should be more on converting the incoming user and less on the finances. A lot of beginner remote workers make the mistake of focusing only on money. That’s a bad move, especially in this pandemic situation.

Step 9 – Focus on Retention

Another mistake that beginners make while remote working from home is to focus on new leads rather than servicing their existing customers.

Client retention is important in remote working because gaining a lead is perhaps the most difficult part. It is a lot easier to lose a client than to gain one. Auxiliary activities like contract creation and legal matters can wait.

Step 10 – Start Another Side Hustle

There is a high chance that your first remote job idea does not take off. And that is where the secondary side hustle comes in.

If you are unable to gain any leads on your chosen remote job even after months, it is time to move to another idea. This is where the lists you made in steps 2 to 4 will help you. Go back and see how else you can put your skills to good use.

Step 11 – What If Nothing Works?

Repeat the steps again. If the perfect remote job seems elusive at the first attempt, try a dozen more times. After all, you still have that spark to do something and succeed in life even during a global crisis such as this. Right?

The situation calls for introspection. But what it also calls for is an exploration of the idea of remote working. Experts have been calling it the future of work for years, and now even the naysayers have joined them with affirmation. This truly is a golden opportunity to start a remote job.

Febin George’s journey at Imarticus Learning – From Engineer To Data Analyst!

Posted on April 27, 2020March 22, 2024 by Imarticus Learning

It is a familiar experience for many of us – we study for one particular field, but then decide to pursue a career in another area of expertise. Febin George is accustomed to such a journey, having graduated as an engineer in 2015, only to then dream of becoming a data analyst one day.

Fortunately for him, he chose to join Imarticus Learning to develop his analytical skills and help him achieve his career in Data Analytics.

Before he had enrolled himself in Imarticus Learning’s Data Analytics course, Febin openly admits that he had little to no prior knowledge of what being a professional data analyst would entail. In essence, he was a blank slate when it came to the complexities of data science.

Now though, that is certainly no longer the case. Thanks to the comprehensive training he received at Imarticus Learning, Febin landed a job placement at M-Technologies Pvt. Ltd. as a full-time Data Analyst, something which he did not expect to happen so quickly.

Febin believes that only with the nurturing guidance of the profoundly experienced faculty members involved in Imarticus Learning’s Data Analytics course was he able to come so far in a relatively short period of time. His determination to further his understanding of data science was aided by the hands-on training he received on various modern-day analytical tools, big data concepts, and machine learning practices.

Having gained an intimate knowledge of data analyzing tools such as R, Python, and SAS from ever-helpful Imarticus professors during the Data Analytics course, as well as immensely beneficial industry insights from guest lecturers, Febin was able to rapidly developed his foundational understanding of the subject matter.

Going beyond the exhaustive course material on data analytics alone, Febin was also provided with much-needed soft skill training in order to polish his personality and prepare him to tackle tricky interviews in a distinguished manner. According to him, Imarticus Learning’s career assistance acts as a resume builder and makes a candidate far more appealing to prospective employers.

With the unwavering dedication of the Imarticus staff and the treasure chest of analytical knowledge he received from the Data Analytics course, not to mention his own drive, Febin George finally became the data analyst he dreamt of being. As he puts it, “Going for a data industry-specific interview requires knowledge on current trends, which is where Imarticus Learning really excels. I recommend Imarticus Learning to anyone seriously considering becoming a data analyst or scientist.”

To learn more about Febin George’s journey at Imarticus Learning, please click here.

17 Best Online Jobs From Home For Students in 2020!

Posted on April 24, 2020March 26, 2024 by Imarticus Learning

It is said that over 80% of engineering graduates in India are not employable. A lack of workable skills and practical experience is often cited as the main reason. And a sure-shot way to not fall into that category is to take up an online work-from-home job.

It doesn’t matter if you are still studying or if you have already graduated. The key is to look out for postings of online jobs from home for students and apply. The benefits are plenty: professional experience, skill sharpening, better employability, and income generation.

The current lockdown situation in India is a great opportunity for aspiring graduates and degree holders in India to start side projects. Take a few hours out of your schedule every day to search for online jobs that you can handle along with your graduate or postgraduate studies.

Best Online Jobs from Home for Students

Here are 17 of the best work-from-home jobs for students. Some of these freelance jobs will require you to learn and master certain skills but they will also pay better.

1. Subject Coaching

There’s this story of a tree owner who traveled around in search of food to fill his stomach. He didn’t realize that the tree that he had planted and now was taking care of could also bear edible fruit. By the time he came back, all the fruits had fallen on the ground and were now rotting.

The story is similar about graduates looking for online jobs. You are searching for an easy job when you have a job ready in your backyard. The job of educating someone else.

As a graduate or postgraduate, you can be a source of golden information to undergrads, pursuants, and students who are finding it difficult to pass exams. Imparting your knowledge to the juniors of your own institute can work wonders for your secondary income generation. This is because the students will trust you more than other educators, especially if you have colourful marksheets of previous semesters to showcase.

You don’t have to aim high and compete with coaching classes (not that you shouldn’t). Start small by letting your juniors know that you can take online classes and help them clarify concepts and doubts. If you have a good rapport with your former teachers, share this venture with them so that they can spread the word too.

Additionally, this is a massively popular online job right now due to the rise in both demand and supply of online tutoring.

Skills Required: Knowledge on any subject (e.g.: Java programming language, power electronics, micro-economics), basic teaching skills, technical writing.

Earning Potential: INR 500 to INR 5,000 per month per pupil.

Where to Start: Your academic books to brush up on concepts. Your college WhatsApp groups to share the news about your venture. You can also check out Khan Academy, Byju’s, Ques10, and Toppr for leads as part-time online tutors.

2. Freelance Writing

One of the easiest and most unintrusive professional activity for college students is to take up freelance writing. It can be of any form: web content to advertisement to technical composition. The aim is to put your writing skills and subject knowledge to use to earn some money on the side.

For example, if you are a computer science engineering graduate from a national institute in India, you can explore technical content writing gigs. Topics such as data analytics, artificial intelligence, and machine learning are in great demand with educational and corporate businesses looking for writers from these fields.

However, this is a highly competitive market. The COVID-19 situation has only worsened it where professional writers have also moved to online jobs. Do not go in with huge remuneration expectations. Beginner writers may be paid less than 20 paise a word in the Indian freelance writing market.

Skills Required: Writing, Word processing, good command over the English language, technical subject knowledge.

Earning Potential: Up to INR 1,000 per day working part-time.

Where to Start: Sites like Upwork.com, Freelancer.com, Fiverr.com, and QuillBridge. Searching on online forums and WhatsApp groups may also help.

3. Social Media Management

How would it feel to cut down your social media time by half and use it to earn some quick money? The feeling would be great because you would earn money to do something that you anyways do as part of the entertainment. That is exactly the idea behind this online job for college students.

Managing a social media profile for a business, a fledgling startup, or a person is largely about marketing. This makes it a perfect online job for marketing MBA graduates who can put their learnings to good use. The job basically involves knowing the entire landscape of social media marketing (SMM) and being up to date about the changes in a chosen platform.

For example, if you focus on Instagram as your preferred platform, you should know each and every thing about it. How to upload pictures, what type of filters attracts the most likes, how to write great captions, how to get a profile verified, etc. Going through online guides on these platforms will then help you.

But for a beginner social media manager, gaining clients may seem like a herculean task. Therefore, you should check out small startups and new companies looking for internet marketing help. The compensation will be low but at least you can rack up real experience.

This is similar to job #2 mentioned above where you can also depend on third-party freelance sites to pick up jobs to do from home.

Skills Required: Social media platform experience (Facebook, Instagram, Twitter, Reddit), writing, basic graphic design.

Earning Potential: Up to INR 20,000 per month.

Where to Start: Find a platform of your choice and learn everything about it from a marketing standpoint. Explore sites like Upwork.com to scout for relevant jobs. Here are some social media tools for an upper edge.

4. Data Entry Online Jobs from Home

Another common job that college students can take up today is in the field of data entry. Here the main aim is to transfer loads of data from one platform to another. It does not require much skills as you have to just stick to the guidelines set by your employer.

This will be a time-consuming online job so you need to plan your studies and activities accordingly. Set aside a couple of hours every day and get involved in data entry tasks. It may be reformatting a spreadsheet or transferring information from an online portal to a Word document. There are several types of jobs but the underlying theme remains the same: movement of data from one point to another.

Skills Required: Computer operation, Microsoft Excel, basic mathematics.

Earning Potential: INR 100 to INR 1,000 per day working for four hours.

Where to Start: Search for data entry jobs online on Google. Explore freelance sites for small jobs.

5. Closed Caption Remote Jobs

Ever wondered how subtitles (or captions) of a video that you are watching are made? It may be difficult to believe but those are typed manually and synced-timed to perfection. It is one of the fastest growing online remote jobs of 2020, naturally because of the boom in video content on the web. These captions exist to help both hearing impaired persons and for those who do not understand the spoken language of the video.

As a video subtitler, you will essentially be going through video content and creating minute-by-minute or dialogue-wise captions. It’s a complex task but can be extremely rewarding.

Skills Required: Language expertise (regional and foreign language experts are preferred), good typing speed.

Earning Potential: Up to INR 100 per audio/video minute.

Where to Start: Create closed captions for random videos on YouTube. Use them as samples to land part-time jobs at Rev.com.

6. Translation Services

A subset of the above online job, writing translated content is a great activity to engage in. Here you will need expertise in more than one language to be eligible.

In India, web content is slowly transitioning from English and Hindi to vernacular languages such as Tamil, Bengali, Malayalam among others. If you have fluency in any of these languages, you can very well become a translator. Regional language translators (English to Marathi, for instance) are in great demand these days.

The content can be for website, a blog, an app, or even a video’s script. You just need to translate by line without compromising on the meaning of the original content. If you think it’s as easy as translating sentences, you are mistaken. Translation can be a complex and back-breaking activity depending upon the type of content you are writing. For example, translating an Indian English article into its Marathi edition will be easy. But the same cannot be said about an English scientific paper which you have to translate into the same language.

Skills Required: Native or near-native fluency in at least two languages (preferably English and one regional language), writing, Word processing.

Earning Potential: Up to INR 25,000 per month.

Where to Start: Brush up on languages. Explore freelance sites for online jobs.

7. Freelance Graphic Designer

This is one of those online jobs from home that needs high amounts of skill training. You cannot become a graphic designer in a day just by going through Photoshop or Corel Draw tutorial videos. It will require weeks of training.

The work usually involves creating images for websites, blogs, and social media. On the side, you can also submit your creations to stock images sites like Getty Images to earn royalties. But for this to happen you need to be extremely good in digital designing.

Skills Required: Working experience in several designing tools like Adobe Photoshop, Corel Draw, InEffects, etc.

Earning Potential: Up to 1,000 per hour.

Where to Start: Learn and master at least one major designing tool. Create a portfolio online. Look for jobs on freelance sites.

8. Presentation Designer

It may be impossible to pick a college student out today who hasn’t made a PowerPoint presentation in her life. Every MBA, engineering, or science graduate has done some kind of presentation activity of her academic life. Was it for a technical paper presentation contest or a national-level science project?

And, this is a good time to put those skills into money-making elements for you. Professional presentation making is serious business in the corporate world and can earn you good amounts of money. All you need is a creative bend that allows you to put thoughts into a presentation slide that can floor its audience.

Some of the best presentations are those that are succinct, simple, and straightforward. And corporate companies will pay real good money for assistance in these tasks. You may have work with tables and graphs and pie charts, Gannt charts, and Sankey diagrams to make lively presentations. And if you have some formal experience in the presentation subject, it will be like icing on cake.

Skills Required: Working experience in tools like Microsoft PowerPoint (2019) and other presentation tools like Prezi and Google Slides. Knowledge of auxiliary tools like Tableau and Goole Data Studio will also help.

Earning Potential: INR 5,000 to INR 1,00,000 per presentation.Where to Start: Learn to use different presentation tools and master at least one of them. Search for jobs on freelance sites. Pitch your skills directly to businesses. Go through popular startup pitch decks for inspiration.

9. Audio Transcription

A remote online job similar to closed captioning and textual translation, here the task is to convert audio samples into written content. In audio transcription, you essentially listen to audio clips and write down the narration either in the form of dialogues or seamless content stretch.

The rise of podcast has turned audio transcription into a hot job. Every single podcast producer on the web is looking for a translator to convert their podcasts into written content. This content is then disseminated as short snippets on their blog or published as longform article.

In some cases, it is also used as a script for video production. This way, a single piece of content is replicated across different formats, giving more visibility to the author and her content online.

You’ll need a pair of good-quality headphones for this online job.

Skills Required: Language fluency, computer operation, writing and typing.

Earning Potential: Up to INR 100 per audio minute.

Where to Start: Rev.com is again a great place to start with audio transcription.

10. Product Testing (App and Service)

In January 2020, Delhi-based marketing trainee Shreedhar signed up for a private product testing gig. It was a startup based in Gurgaon that asked him to check out their product sample and provide objective review and analysis of it. The product was a pair of sweat-resistant socks.

Shreedhar wore the socks for 8-10 hours every alternate day for over two weeks. At the end of the testing period, he wrote down the pros and cons of the product and shared it with the startup. Not only did he get a few more samples for his entire family but also received a Google Pay money transfer of 2,500. This was just for testing the product and sharing his thoughts.

Such work-from-home remote gigs are time-insensitive and can really help you earn on the side. Even better are app and service testing jobs where you are supposed to find bugs and report them to the developers. You can earn in thousands doing such type of testing, without having to spend much time on it. The startup boom has only made this an increasingly popular work-from-home job for students.

You can also build your own side business out of reviewing products. All you have to do is start publishing detailed reviews (with photos) of each and every product you have bought from Amazon.in since you created the account. Once your reviews start getting upvotes, you can join Amazon’s prestigious Vine program and start earning free products. Of course, here instead of money you earn free interesting products. Some of these can be household and other useful items as well.

You may also expand this into an affiliate marketing business if you have more time on your hands. Suffice to say that, reviewing products and services is a lucrative skill these days.

Skills Required: Product testing and reviewing, writing.

Earning Potential: INR 200 to INR 10,000 and upwards per project. Or up to INR 300 per hour for app testing projects.

Where to Start: UserTesting is a great place to start. You can also check out ProductHunt and contact developers for app testing.

11. Voiceover Artist

Think you have a good voice? Do your friends often praise the way you talk? You may have a career as a voiceover artist.

But before taking it to that level, you can try it out as a part-time job that you can work from home. Just record a sample on your own and see how it sounds like. If you feel you really have a voice that can maybe become the next Morgan Freeman (is that a stretch?), explore this job.

Your voice can be used for narration in video games, apps, and even educational videos on YouTube and other video streaming sites. High-paying voiceover jobs can also involve voice-acting for advertisements, TV commercials, and even short films.

But before getting on your high horse, start small and target emcees and small-time businessmen who are looking for voiceover artists. Keep good-quality headphones and a mic ready.

Skills Required: Fluent speaking, audio recording and processing, audio software

Earning Potential: Up to INR 200 per audio minute.

Where to Start: Freelance sites are your best bet for this online job from home. The demand is high and supply low, so you can really hit it out if your voice is magical.

12. Google Opinion Rewards and Online Surveys

This is not a high-paying job but it does not require any specific skills either. All you have to do is participate in online surveys, share your opinions, and earn money.

Such surveys essentially exist to help gather general information from users and pass it on to different businesses for strategy and development purposes. In most cases, they involve random questions like your preference in the type of milk, your preferred supermarket to shop, and your favourite footwear brand.

Providing this information hardly takes a few minutes and in return you can earn some money. Google Opinion Rewards is only available to Android smartphone users at the moment but it’s a great platform. Since installing it on his mobile, 22-year-old engineering undergrad Praveen from Kolkata has earned over INR 800 through the app. He has used this to pay for his entertainment subscription via Google Play store.

Skills Required: None.

Earning Potential: INR 100 to INR 1,000.

Where to Start: Install the Google Opinion Rewards app. Visit Mouthshut.com or Swagbucks.

13. Video Editing

What you may have done in college for the cultural fest can really come handy now. Were you ever involved in video production and editing? Does Windows Movie Maker ring a bell?

Then you can start earning money by editing videos. The job is to polish up videos by cutting, editing, and adding effects. All the videos that you see on YouTube are edited. For example, the comedy skit that you saw last week was a product of multiple edits where the editor removed bloopers, video breaks, and added continuity to it to make it more interesting.

Advanced video editors can even pursue it full-time and explore a career in films. You will need an eye for details, photography and videography skills, and an overall interest in video content.

Skills Required: Video editing software like Adobe Premiere, photography, web video publishing.

Earning Potential: Up to INR 2,000 per hour.

Where to Start: Learn and master at least one video editing software. Take a course for better prospects. Create a portfolio online and then start looking for jobs on freelance sites.

14. English as Second Language (ESL)

English is inarguably still the top language in India from a professional perspective. It has sort of become a mark of quality in professionals everywhere. But in a populated country like India, a lot of people still lack English speaking and writing skills.

As a graduate, you can put your English skills to use by teaching English as a second language to friends and acquaintances who were born into a family where a regional language was in focus.

Do you have a neighbour who wants to learn or polish his English for better job prospects? You can take that opportunity to start your English coaching job.

Skills Required: Proficiency in English speaking and writing.

Earning Potential: Up to INR 1,000 per week.

Where to Start: Look for individuals who are in need of English training within your circles.

15. Blogging

Another great way to earn money with a long-term approach. When it comes to blogging, you should expect financial returns only after a while. The first step is to create a domain and start pushing content on it.

Choose a topic and start publishing content on a daily basis. Over time – in a matter of months – your website will be ready to earn. But how?

You can run ads on your blog, publish sponsored posts, or simply use it for blogger outreach where marketers use your site to improve their clients’ business. A blog with some authority on a niche theme can become a continuous source of passive income for you.

Skills Required: Web publishing, web hosting, domains, writing.

Earning Potential: INR 500 to INR 50,000 per month.

Where to Start: Buy a domain from GoDaddy and host it on a server. Then start publishing content on it.

16. Work as a Virtual Assistant

Think you have above average conversational and interpersonal skills? You can become a virtual assistant to a businessperson.

Here your tasks will be to manage the person’s daily and weekly schedules and communicate with their clients and partners on a daily basis. Phone calls, videoconferencing, and email communication will take up most of your time in this remote job.

Skills Required: Project management, conversational and interpersonal, computer operation, email.

Earning Potential: Up to 10,000 per month.

Where to Start: Freelance sites.

17. Sell Your Course Notes

If the coaching job at the start of this article looks difficult for you, you can look at selling your course books and notes at a good price. It will be a one-time deal but at least it will be better than selling it to a scarp dealer for INR 10 per kilogram.

This is only possible for students who have already graduated.

Skills Required: None.

Earning Potential: A few hundred or thousands.

Where to Start: Spread the news in your circles. Put up an ad on your institute’s general notice board.

The key to finding the best online jobs to work from home for students is to look at the skills you possess. Then it’s just a matter of how you apply them to create an income source. The above 17 tips will help in that regard. All the best!

How Imarticus Learning Helped Neha Jha Land a Dream First Job at Morgan Stanley?

Posted on April 23, 2020April 14, 2021 by Imarticus Learning

Like many newly-graduated commerce freshers, Neha Jha was faced with the daunting prospect of securing a job for herself in the highly competitive and ever-evolving investment banking industry. She was smart enough to realize that a mere college degree would not suffice if she wanted to land her dream job as an investment banker, and she soon learned that she would have to enhance her skills to make strides in her budding career.

After conducting her due diligence, Neha arrived at the conclusion that enrolling herself in the Certified Investment Banking Operations Professional (CIBOP) program offered by Imarticus Learning was the best and most logical step to take in pursuit of her career aspirations.

This turned out to be the wisest decision Neha could have taken, and she is quick to acknowledge the hugely positive impact the CIBOP program has had on her career, culminating in her getting an official certification on investment banking and job placement at Morgan Stanley, the prestigious global financial institution.

In her own words, Neha summarizes her experience at Imarticus by saying, “I’ve done the CIBOP course, and my journey at Imarticus was very good. I have learned a lot and obtained a lot of knowledge. My professor and trainer, Dharmesh Sir and Lourdes Ma’am, we’re very good at providing knowledge and solving all my doubts. As a result of enrolling in this course, I have finally been placed at Morgan Stanley. It’s my first job and I’m very excited. Thank you Imarticus!”

Neha Jha’s success story is one of the thousands of investment banking students who have harnessed the benefits of Imarticus Learning’s premier CIBOP program to boost their careers and give themselves an invaluable competitive advantage over their peers. This in-depth 180-hour program has been designed to help students acquire the requisite skills needed to become a modern-day investment banker by providing crucial insights into the complex functions of investment banking operations.

To find out more about Neha Jha’s experience at Imarticus Learning, please click here.

What Are Widely Used Underwriting Models in Credit Risk

Posted on April 23, 2020November 29, 2021 by Imarticus Learning

Financial institutions around the globe manage and give loans to companies/businesses that need help. But hey have to manage the records of its clients and has to find out the possibility of non-payment. A good financial institution always has an expert team dedicated to this job.

They analyze the data/information of the clients and based on some attributes; they find out the trustworthiness factor on any particular client. This helps the bank to identify those clients who can ditch them in the future and thus they take measures accordingly.

In this article, let us discuss some famous methods which are widely used by people to calculate credit risk.

What is an Underwriting Model?

Underwriting is a structured process which is used by financial institutions/investors to find out the level/degree of vulnerability in terms of non-payment, late payment of dues can occur. It is a type of analytical job. It helps in reducing the chances of credit risk.

Let us discuss various types of underwriting which are widely used.

Widely used underlying models in credit risk

Traditional approach – There are many sites and surveys which determine the potential of risk in different sectors. Agencies like S&P, Moody, etc. determine the level of credit risk in different sectors such as mortgage loans, industrial loans, education loans, etc. financial institutions use this data and view the potential of risk according to them only. There is no specialized analytics conducted at the workplace. Such an approach is not bad because these agencies are highly credited and certified.
Rating based system – Its formula is the product of Probability of Default (PD), Exposure at Default (EAD) and Loss Given Default (LGD). It gives us the value of the expected loss. Expected loss = PD * EAD * LGD, Where, EAD is defined as the amount of credit given to any particular client. PD is defined as the low approval ratings and bad records which lead to the possibility of credit risk. For default companies, PD is 100%, LGD is the loss faced by the company/firm. A lot of analytical work is done in these types of approaches but they give more accurate results. Many financial institutions have dedicated workplaces and a highly valued job for credit risk analysts.
Advanced rating system – It has two types which are as follows:Calculated internally in the bank whereas EAD & LGD are provided by the bank supervisors who can also use various existing frameworks provided by BASEL to determine these aforementioned attributes. A lot of analysis is based on algorithms in this method.Advanced IRB approach in which all the attributes are calculated internally by the Foundation IRB (Internals Ratings Based) approach in which PD is Bank but the work is mainly automated through good analytical models and frameworks.

The Five Fundamental C’s of Credit Risk

Five basic attributes are used across each model. These are the Credit history of the customer, Capital, Capacity of repayment, Collateral and Conditions of the loan. These C’s are manipulated into mathematical values and institutions find the potential/vulnerability of the credit risk from any particular customer. There are many accords and regulations such as BASEL III, IFRS 9, etc. which help in determining credit risk.

Conclusion

There are many types of fraud activities witnessed by financial institutions. To protect any such incidents, the institutions try to dig up about the client and conclude that if he is eligible for the loan or not. He will get the loan only if the approvers think that he/she can repay in due time.

This protects banks /investors from losses. There is a credit rating for each borrower which fluctuates based on his repayment. If he/she fails to repay, his credit ratings may go below and he/she may be denied a loan in the future. This article was all about widely used models for determining credit risk.

What is Financial Modeling?

Posted on April 23, 2020October 12, 2022 by Imarticus Learning

Understanding Financial Modeling

Financial modeling can be understood as a process of creating a company’s financial summary based on the income and expenses incurred in a spreadsheet format that can be used to calculate the impact of a major event in the future. It’s a mathematical model that helps to predict the future financial performance of an enterprise or a project based on historical data. It is the numeric representation of all the company’s operations which generates income and incurs the expenditure.

The forecast based on financial models takes multiple factors into account such as historical performance, future assumptions, macroeconomic trends, etc. There are various types of financial models, the most basic one is known as the 3 statement model; it requires preparing income statement, cash flow statement, balance sheet and supporting schedules. Some of the more complex models are discounted cash flow analysis model, sensitivity analysis, leveraged-buyout, etc.

What is the purpose of preparing financial models? Well, there are numerous applications of financial models. Some of the most mainstream uses include financial performance analysis and investment decision making. These use cases apply to both internal and external parties who are interested in the growth prospects of the company. Financial models help an analyst to facilitate complex multi-variable analysis and make models that closely represents a real-world scenario.

Investment-related decision making might include decision regarding the capital structure, acquiring business or assets, growing operations, asset diversification and sale, valuation, budgeting, capital allocation, etc. The internal party has numerous applications of financial modeling when it comes to decision making. Different types of models paint different pictures; it all depends on the inputs and assumptions related to that particular model. It is also used to compare the overall financial performance of one corporation with another or for two different industries.

Best Practices in Financial Modeling

Now that we have understood what financial modeling is all about, let’s jump into some of the best practices in the financial modeling arena.

Model Layout

Financial modeling is all about closely representing the real-world variables that might have an impact on financial performance. The model should focus on simplifying the variables rather than complicating them. It’s paramount to create a financial model in a logical and easy format. You can achieve that by building the complete model on a single worksheet and then use grouping for segregation. This helps to easily expand and contract the models.

Section Flow

The pattern of the flow of contents in the financial model is significant. A commonly used pattern in sections that can simplify your model is as follows (from top to bottom).
• Assumptions
• Income statement
• Balance sheet
• Cash flow statement
• Supporting schedules
• Valuation
• Sensitivity analysis
• Graphical data

Formatting
Formatting the contents of your model properly is considered more as a necessity than the best practice. It is very crucial to differentiate between the inputs and outputs in a financial model. Inputs here can be the assumptions and the calculations can be the output. You can easily apply the basic formatting conventions to reach the standard by making inputs in blue and outputs in black. Other basic formatting conventions in financial models include using borders, shading cells, etc.

Spread-sheet Hacks

As a financial analyst, your primary job is to build financial models on spread-sheet applications like excel. You need to be aware of the best practices in applications like Excel. You need to master the shortcuts and other hacks related to the tools being used. You need to use your keyboard more often and avoid using a mouse for making alterations. You should be mindful of the formulas and should try to keep it short and break down complex calculations into easy steps.

Also Read: Best Way to Learn Financial Modeling

How Can I Become a Financial Analyst Online?

Posted on April 23, 2020December 5, 2023 by Imarticus Learning

The Role of a Financial Analyst

A financial analyst is one of the most lucrative career options for people pursuing a career in the field of finance. Financial analyst plays a key role in the day to day functioning of financial firms.

The role of a financial analyst in the age of data is very diverse and involves complex financial planning and analysis for companies. They help firms to make well-informed decisions by using their financial acumen. People working as financial analysts are required to produce reports using financial data.

Financial analysts also help to project future revenue and expenses that help to determine the budget for new projects that the firm is planning to undertake. The job description of financial analysts typically entails analyzing historical and current stats, identifying trends, assessing financial performance, preparing financial reports and communicating with important stakeholders, exploring new profitable investment avenues, developing financial models, building policies that will help to achieve financial growth, etc.

What Does it Take?

Now that we know the roles and responsibilities of financial analysts, let’s understand what it takes to become a financial analyst. Having a Bachelor’s degree in economics, mathematics, stats, and accountancy is a good way to step into the finance industry for the role of an analyst. The ability to identify trends and data patterns is a crucial skill that one needs to become successful as a financial analyst. A Bachelor’s degree also forms the part of minimum education requirement needed for the role of a financial analyst.

A Bachelor’s degree is sufficient for most of the positions but some roles might require the candidates to have a Master’s degree in a relevant field, for example, Masters in Business Administration in Finance. One can even opt for highly specialised certification like the Chartered Financial Analyst program; it provides a holistic learning experience by focusing on core financial subjects like equity, portfolio management, corporate finance, alternative investments, ethics, etc.

Some of the key skills needed to become a successful financial analyst include analytical skills, quantitative acumen, detail-oriented, basic knowledge of financial software, interpersonal and communication skills.

Becoming a Financial Analyst Online

We are living in an era where internet technology has made it possible to avail the benefits of the real world virtually using our smart devices. Technology-based industries like Ed-tech and Fin-tech industries are booming constantly. Data has revolutionized the world around us and the finance industry is no exception. This evolution within the finance industry has led to increasing demand for financial analysts who can make sense of the complex financial data and help the firm with future growth and revenue projections.

The growth in the Ed-tech industry has made it possible for aspirants to learn and become financial analysts online. You can choose from a range of online financial analysis courses and certifications that provides a comprehensive understanding of the subject and imparts relevant practical knowledge and skills required to do the job.

We at Imarticus Learning offer best financial analysis course online that will help you achieve your dream of becoming a financial analyst. Our placement assistance team will provide you with the ideal platform to launch your career through resume building sessions, mock interviews, mentorship and interview preparation. Our team will also work towards finding you interview opportunities, as well as thoroughly prepare you prior to every interview.

Also Read: Future of Financial Analyst in India

9 Work-From-Home Business Ideas to Start Earning Money Right Now!

Posted on April 23, 2020December 9, 2022 by Imarticus Learning

Everyone is talking about improving productivity and learning new skills during this lockdown period. But no one is talking about how to use this free time to earn money from home. With most people staying indoors, now is a great time to explore inventive work-from-home jobs. It might also be a good idea to start a business from home.

It can be to either create a secondary income or secure your future with a backup job in case the pandemic situation does not improve in a few months. All you need is a stimulus and a fantastic idea to begin with.

This article aims to help you kickstart your business-from-home activity and boost your overall earnings. Here are some interesting ideas for you to start earning money from home. Let’s begin.

9 Best Online Jobs from Home

The key to starting a lucrative work-from-home project is to start small. In an ideal scenario, you should look at a job that is in line with the skills that you already possess.

1. Start an Online Course

One of the best online jobs to do from home right now is online tutoring. With school and college students finding it difficult to keep up with their curriculum, it is a great time to become an online tutor. The idea is to create an online course that you have considerable knowledge and practical experience. And then market it online to those who are in need.

As a beginner, you can create a YouTube account and upload some interesting educational content to test the waters before going full board. If even that looks like a big task, you can also begin tutoring your neighbor’s school-going kids.

According to a recent report, the global downloads for education apps spiked by over 300% in March 2020. No wonder then that apps like Byju’s and Toppr are gaining more users and engagement during these lockdown days.

Earning Potential: INR 3,000 per month and upwards.

2. Homemade Food Delivery

Not exactly a work-from-home business but still a very relevant field to explore these days. If you feel your culinary skills can bring in some money home, this is a great opportunity for you.

The basic idea is to cook various recipes at home and sell them in your circles. It can be a boon to bachelors and families who used to depend on their maids for meals before the lockdown. You can fill the gap, and in that process, earn good money while working from home.

At first, you should look at covering nearby areas like your housing society or your colony. This is because of the curfew and social distancing measures set by the government. This business also has great scope for expansion in the future.

Earning Potential: INR 5,000 per month and upwards.

3. Online Cookery Courses

This is similar to the online tutoring job that was discussed above. The only difference is that here you will be helping those who lack cooking skills. It cannot be denied that the number of such people has increased since the COVID-19 lockdown. This makes it a great opportunity for culinary artists.

The trick is to think of easy as well as tasty recipes that can be prepared using essential food items. You don’t want to suggest a recipe that requires Mexican peppers or American walnuts. Just basic ingredients that your potential viewers can easily source from their local market. Doing this will help you gain instant followers online.

This can also be tied to the #2 job and thereby increase your earning potential.

4. Healthcare Consultation

Professionals in the medical field can create a secondary income by passing valuable healthcare information to those in need. This can be done via videoconferencing where you can help diagnose and solve issues of any scale. It can be as small as writing a prescription for a common cold or directing a potential COVID-19 patient to the appropriate testing clinic.

With the healthcare industry experiencing a deluge of requests from needy people, your extra time can be of great help. Secondarily, it can also act as a strong passive income source.

However, this is more difficult than it sounds. Unless you are a registered medical expert, your consultation will have no value. It is also not recommended to pursue this if you lack any medical qualifications. Disseminating false information is dangerous and highly frowned upon, especially in the current COVID-19 situation.

Earning Potential: INR 1,00 per consultation and upwards.

5. Writing Services Network

This is a common freelance job where you provide writing services to agencies and brands. However, there is a way in which you can convert it into a work-from-home business. Instead of you yourself providing these services, you should scout for more like-minded people with a writing flair. Gather a team and create a network of writers.

This way you can exponentially increase your earnings. As a single writer, the maximum you can earn in India is around INR 40,000 a month. With a team of writers, this can grow 2x to 3x depending upon its size and the volume of work you produce.

If you are new to this but are confident about your writing ability, start providing the service individually first. Then move on and hire friends and acquaintances to join you as you all work from home and mint money.

6. Digitize a Board Game

Today, the popular mobile game Ludo King has surpassed billions of app downloads worldwide. Why? It has helped people with two things:

To stay connected
To play together while being connected

These two are the only elements that have caused the number of downloads to skyrocket. Similar patterns have been observed in the game’s revenue.

Learning from this example, if you are a mobile or web app developer, now is a good time to explore creating such apps that have the multiplayer function. You can either digitize an existing board game (Snakes & Ladders does not have a fancy digital app version yet) or create a fresh one.

Of course, the competition is very high, but you can tackle it with a game that has some peculiar characteristics. This will require some creativity on your part.

Earning Potential: A few thousand per month depending upon the number of app users.

7. Productivity Guidance (Virtual Work)

Are you a professional with years of experience in remote working? The world needs you right now.

While you tackle your own work-from-home assignments, you can also share valuable tips and tricks to other managers in the form of long-form articles, videoconferencing, and even personal consultation. You can charge a small fee for the last one provided you have some top credentials to support your claim of expertise.

Earning Potential: A few thousand (INR) per consultation.

8. IT and Network Support

Different sectors have suffered differently due to the coronavirus situation. While some of these can sustain complete or partial shutdown, there is one field that still needs to run. And that is IT and network – the field that supports businesses to run smoothly.

As a network engineer, you can pitch your extra time to help smaller companies and agencies by providing IT and network support. This can be a money-making side business for you as there are a lot of small companies in India that are starving for IT support personnel.

Start by pitching yourself in your professional circles.

Earning Potential: INR 5,000 to INR 30,000 per month depending upon hours allotted.

9. Motivational Coach

Last on the list is a job that can be a real profit-maker if you do it correctly. With people working from home and failing to indulge themselves in various outdoor activities, there is an overall drop in motivation levels. People are feeling low due to loneliness or work stress or some other aspect of their indoor life.

As a motivational coach, you can come to their rescue and help them stay afloat during this difficult time. All you need to do is keep their spirits up through video chatting. You can charge a small fee for a video consultation.

Earning Potential: INR 1,000 per consultation and upwards.

A Note on Freelance Websites and Portals

While there are many sites that you can visit to find such online work to do from home, here are some of the best and the most trusted:

com
Various job groups on Facebook
Subreddits or Reddit communities: r/forhire, r/freelance, r/freelance writers
com
com

Who knows how the future of work will look like? So, secure your future now by planting a seed today whose fruits you can bear in the uncertain years to come. Start earning right now!

Frequently Asked Questions on Fintech

Posted on April 22, 2020December 5, 2023 by Imarticus Learning

Example to understand the Fintech domain

Fintech is the short form used to denote the financial technology industry. The Fintech industry has revolutionised the traditional banking and finance industry by leveraging progressive technology to boost customer satisfaction. In the contemporary digital landscape, customers are more accustomed to using their smart devices for purchasing goods and services and thus making payments for the same.
The growth in online transactions as a result of booming e-commerce led to technological progress in the field of finance. Fintech is the amalgamation of finance and technology. It is the infusion of cutting-edge technology to solve the challenges faced by the traditional banking and financial services industry. Fintech is making the banking industry more efficient using tools like chatbots, mobile applications, UPI payments, etc. to improve customer satisfaction.
PayPal is a very relevant example to understand the Fintech domain. PayPal is a leading Fintech company that helps to facilitate personal and business transactions, payments and credit services online using the application or through its website. PayPal has an international presence and is valid across 200 countries worldwide and is accepted by millions of websites. It is also used for other transactions like online donations, fundraising, etc.

How Do I Learn Fintech?

Technology is touching all industries and transforming the way the world runs. Finance is one major industry which has made the best use of technology. The integration of Finance with Technology to bring in the required automation in the Finance sector is referred to as FinTech. FinTech is everywhere. It has enveloped us in a way that it has become a part of a modern man’s life. FinTech finds its use in various domains like Payment apps and even cryptocurrency!

FinTech is becoming a very popular field to work in. Learn FinTech if you have an interest in going into the field of Finance. To get insights into FinTech, one can start knowing about the major sub-topics which build the FinTech industry like lending, borrowing, working of blockchain and cryptocurrency, payments, etc. This will help you in analysing the underlying potential of the industry and also help you in understanding your interest areas in the particular domain.

Various online courses on FinTech are available on renowned online learning platforms. One can enrol in these short-term courses and start gaining perspective on the sub-topics. Also, you can network with people who are already a part of this industry. This will give you in-depth insights on FinTech and its subsidiaries.

What is FinTech Course?

FinTech is a popular term that is commonly used for Financial Technology. FinTech is any company that makes use of technology to deliver its services. It deals with multiple functions like managing cryptocurrency, payments, etc. FinTech makes it easy for consumers to manage their finances and also transact with ease.

With FinTech, the space of accessing finance has changed drastically. FinTech has brought about huge and major changes in the field of traditional finance and investments. FinTech provides modern tools that are disrupting the way consumers manage their finances. FinTech has demonstrated its utility in Crowdfunding platforms, Blockchain, Payments, Insurance, Robot-Advertising, Stock-Trading, Budgeting apps, etc.

The FinTech course is an introductory course that gives insights on FinTech and how technology is bringing about a major change in the field of Finance. FinTech courses are designed for Finance professionals who want to keep themselves at par with the industry and also for the newbies who are willing to join the Fintech or Finance industry.

FinTech courses are brought forward by various online learning platforms. They collaborate with industry experts and professors of renowned Universities to compile the best material on FinTech and its subsidiaries. These courses also provide multiple certifications which can help in increasing your credibility in the field.

What Is the Blockchain Course?

Blockchain is a list of transactions which are stored on any network and can be accessed when needed. Blockchain is used by various cryptocurrencies like Bitcoins to store and record transactional data. Blockchain technology is finding great uses in various businesses as it can keep a record of events, contracts, personal information like medical history, monetary transactions and a lot more.

Blockchain has disrupted the way data is stored and managed. It is increasingly becoming popular due to multiple usages and also the automation of various industries and companies. Blockchain is a relatively new field where everybody is getting to know how it works and then converting their knowledge to potential gains.

A Blockchain course can help your cause. Various courses on blockchain and how it works is present on various learning platforms. A course on the blockchain can help you in knowing how blockchain is helping businesses. It will also give you insights on how this technology can add value to a particular business or a project.

A course on the blockchain will help you understand its basics, how it is tackling the prevailing problems, types of blockchains and how blockchains are disrupting the whole business space and creating a whole new world. These courses will help you enhance your knowledge and understanding of the subject. Also, you can seek employment is connected fields after taking up a blockchain course.

How Do I Get My Blockchain Certification?

Blockchain technology has brought about a disruption which has affected the whole world. Blockchain is creating a lot of jobs as companies need people who understand how blockchain works so that they can make the best use of the resources in hand.

To get into the Blockchain space, you must be certified. Also, you must have relevant and in-depth information on the subject matter to find your space in the blockchain industry. Getting certified in any aspect of blockchain would be the first step. One can get Blockchain certification on innumerable online and offline learning platforms. Also, certifications give you the required knowledge in the subject matter without burning a hole in your pocket.

Certifications are universally accepted and have an instant impact on your career as they give out an impression that the person is well-versed with the topic. Blockchain certifications can be received after successfully completing various learning modules and assessments provided by the offline and online learning portals.

Using these learning portals, you can upgrade your knowledge and understanding of the topic and become more employable. Blockchain certifications cover multiple aspects on the topic and can get you ready for the market. With blockchain certification, you can get ready for the next big step of your career.

Also Read: All You Need To Know About Fintech Technology

Imarticus Special: 25% off on Data Analytics Courses!

Posted on April 22, 2020January 4, 2022 by Imarticus Learning

What is data analytics?

In the contemporary landscape, data science is at the core of every industry that leverages progressive technology to target and reaches its audience. Data analytics has multiple aspects and can be explained as the process of cleaning, transforming and analyzing data to obtain valuable insights and draw important conclusions. The significance and vitality of data analytics are such that it can help to decode the world around us using statistical figures.

In the digital era, an enormous amount of data is generated and stored regularly from people all across the globe. Whether you are using your social media account or making a purchase online through your favorite e-commerce store, all the internet powered activities generates data that is stored electronically for future reference. Businesses are using data analytics to extract useful information about the customers that can help them design their products and services as per the customer’s need and demand. Some of the key aspects of using data analytics are listed below.

Identifying secret insights

Data is analyzed by businesses to obtain hidden insights that couldn’t have been normally obtained; these secret insights are used as per the requirements of the corporations. Data analytics helps to identify trends and patterns that help to project prospects.

Conduct market analysis

Conducting market analysis is an important application of data analytics. It helps to understand consumer behavior, the general trends and competitor’s strategies. It can help to find out the strength and weaknesses of other players in the industry.

Why opt for a data analytic course?

As we have already established that data science and analytics are at the core of corporate operations. Data analytics has gained widespread popularity in the last decade given the benefits it has to offer to businesses. This has caused a surge in demand for data analytics professionals.

As per the latest estimates, the demand for data analytics professionals in the industry is much higher than the current supply of professionals who are equipped to handle complex data. The data analytics industry is estimated to grow multiple-folds in the coming decade as more and more companies will adopt data science for smart decision making. A career in the field of data analytics is very rewarding and lucrative for those who are interested in making sense of facts and figures.

Imarticus data analytics courses

Imarticus Learning is a technology-driven educational institute that provides an immersive learning experience to students who want to kick start their career in industries such as analytics, financial services, AIML, business analysis, etc. The primary objective of Imarticus Learning is to reduce the skills gap that persists in the economy. The courses offered by Imarticus takes a comprehensive approach to learn both the theoretical and practical aspects of the subject.

Imarticus postgraduate data analytics course is among the best data analytics program available online. It is a well-designed postgraduate data analytics program that studies duration of 450+ hours. The training course takes a hands-on-learning approach to cover foundational concepts of the best analytical tools such as R, Python, SAS, Hive, Spark, and Tableau.

The whole PG program is spread across three semesters. In addition to the theoretical understanding of the data analytics related concepts, students will also gain practical exposure through case studies, live capstone projects, hackathons, and mentorship by industry experts. The course also entails mock interviews to boost your employability, industry leaders for guidance, placement assurance and much more.

Imarticus Learning is providing a limited period offer on its special data analytics course. Enroll without any delay to avail 25% off on your data analytics course!