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Learning investment banking has never been this easy

Posted on by Imarticus Learning

Dreaming about securing a permanent position in the investment banking industry and achieving that goal can be pretty tricky. Since investment banking is a growing sector in finance and business, it is one of the most demanded career paths among students. The promising expansion in investing, selling and trading play a major role in the growth of investment banking. The year 2021 saw a massive upheaval in the Indian investment banking sector and deal-making businesses as there was unexpected flooding of IPOs and stock share sales.

The overall hike was more than three times that of 2020 when investment bankers made only 776.7 crores whereas they scored a whopping 2.000 crores in 2021. It is statistically possible that investment banking in India will grow by 8.5% in 2022. So learn investment banking in the easiest way ever to celebrate your dream and become more aware and skilled in finance.

Technical Skills Required to Become an Investment Banker

There are certain hard skills that an investment banker needs to hone before joining the industry. It is unavoidable to squeeze in the little space left for new bankers without highlighting essential skills on your resume. Investment banking courses that groom students to acquire these skills are the best. Here is a list of some technical skills that will make your investment banking career easier: 

Basic Excel

Learning a few basics of Excel like Pivot Table, Data Validation, Look-Up functions, and Macros proves handy when you are aspiring to become a banker. Skills like analyzing clients’ financial data, creating monetary models for them, and forecasting are must-haves in this field.

Python

One of the most suitable programming languages for banking is Python. Learning how to use this simple programming language might come in handy when you are planning to go ahead with investment banking. Python is used to handle tasks like security analysis, risk and trade management, asset management, automated trading, etc. 

JAVA

One of the core skills that an investment banking candidate must possess is knowledge and control of Java. Java is the most used programming language for banking tasks as this helps build software programmes that contain humongous volumes of data. Also, this programming language comes with a tight and powerful security management feature that aids in investment banking tasks. Credit, fundamental, or macro funds typically need Java to operate.

C++

C and C++ are two of the most pivotal skills one can acquire to step further above on the ladder of success in the investment banking sector. C++ is mostly used to handle low-latency applications related to automated trading or market making. Bankers deal with C++ when they have to process quantitative-driven funds, quantitative finance and analytics. C and C++ are popular because of their reusability and speed.

C#

C# is essential in building GUI (Graphical User Interface) for the client company. It also plays a major role in creating mobile apps and websites. For investment bankers, C-Sharp is thus a useful language to enhance their skills for brilliant job opportunities.

Ruby

An efficient candidate for an investment banking position would be expected to have a firm knowledge of Ruby. Ruby is a high-level programming language that is mostly used in financial sectors for making payment systems like e-wallets and payment gateways, and monetary dashboards. Also, it covers significant tasks like asset management and Big Data. 

Power BI

An important data analysis tool is Power BI by Microsoft. Any type of banking, including investment banking, would require this tool for creating data visualisation. So thorough control over this tool would be an effective skill to have as an investment banker. 

Soft Skills Required to Become an Investment Banker

It gets easier if a candidate works on gaining personal skills related to this field while also pursuing related technical skills. Below are the few soft skills that help an investment banker stay rooted in the industry in the long run:

Analytical and Problem-Solving Skills

Analytical and problem-solving skills can save a candidate from getting rejected in mass competition. Data analysis, data visualisation, research, and critical thinking are all part of analytical and problem-solving skills. These soft skills distinguish an amateur from a professional.

Project and Time Management

As an investment banker, one needs to work with investors and client companies to manage the projects given to them. It is crucial to have a balanced perception of how to settle the project within a limited time.

Mathematical Skills

Finance is zero without numbers. So it is compulsory to own a strong calculative mind when dealing with investments.

Conclusion

There are multiple online and offline investment banking courses with placement assistance. But choosing the right can be difficult. Have a firm grasp of the technical and personal skills to become a successful investment banker with the Certified Investment Banking Operations Professional programme.

This course will enlighten you with in-depth knowledge of various product lines, and a better understanding of trade life cycles. Land a precious job at the leading banks with this programme’s efficient placement services and prepare yourself better through mock interviews and resume enhancement.

Want to Become an Anti-Money Laundering Specialist? Learn More About Job Roles

Posted on by Imarticus Learning

Financial institutions have to pay special attention to each customer and transaction to identify any fraudulent activity. A bank that has strong anti-money laundering policies will prevent people from depositing illicit money into any bank account.

Security policies are the main concern of financial institutions if they want to stop losses. Not only the financial institutions, but the government is also strict when it comes to money laundering.

Young enthusiasts that are looking to build a career in banking/finance should learn anti-money laundering skills to earn a better job offer. Read on to know more about anti-money laundering and different job roles in the industry.

Understanding money laundering via financial systems

In the money market, many criminals try to coat the source of their incomes. You cannot deposit money obtained from any illegal activity in banks. Money laundering hides the source of the black money and makes it white. The dirty money is moved around in a financial system and, multiple transactions are made to confuse the bank officials. It also includes depositing black money in small amounts or transferring black money to a foreign country.

best investment banking courses with placement in IndiaOnce the dirty money is cleaned via money laundering, criminals can use it to finance criminal activities.

It will not only affect the financial institutions but also affects the country and the citizens.

Financial institutions have strong AML (Anti-money Laundering) policies in place that stop criminals from depositing money.

Performance areas of anti-money laundering jobs

The day-to-day job responsibilities of anti-money laundering professionals in banks are as follows:

  • Anti-money laundering experts have to analyze the money market and uncover the pertaining risks within the financial institution. They are also involved in identifying and monitoring suspicious bank accounts or transactions.
  • Anti-money laundering experts are aware of the current alerts generated by the law enforcement authorities. Many times, they help law enforcement to catch a money launderer.
  • Procedural vulnerabilities and loopholes in the financial system are identified by anti-money laundering experts. All those areas that can be exploited by money launderers are identified by anti-money laundering professionals.
  • Anti-money laundering professionals also offer expert advice to financial executives for maintaining high-risk accounts.

What are the job roles in Anti-money laundering?

The financial market is complex and, criminals are also using advanced money laundering techniques. There are different types of anti-money laundering jobs that work together to stop the movement of black money. The top types of anti-money laundering jobs are listed below:

  • Junior Compliance Administrator: People who join the AML industry become junior compliance administrators. They have to carry out routine AML checking and administration of compliance processes in the bank.
  • Risk & Compliance Officer: A risk & compliance officer will be involved in KYC (Know Your Customer) activities. The risk officer is also concerned with CDD (Customer Due Diligence).
  • Fraud Investigator: Fraud investigators uncover the source of fraud in any financial institution.
  • Chief Compliance Officer: It is responsible for forming better AML policies for the financial institution.

How to learn more about AML?

Many young bankers are choosing online risk management courses to know more about AML. The Certified Investment Banking Operations Professional course offered by Imarticus can be the right choice. This course will teach you about financial markets and risk management. You will also go through case studies to know more about real-world AML processes.

Conclusion

In this digital era, criminals are conducting complex money laundering attempts. To stop those attempts, banks need expert AML professionals in the coming years. With an online course in risk management, you can learn the required AML skills. Start your risk management course now!  

Top 5 Regulatory Changes in the Investment Banking Operations Industry

Posted on by Imarticus Learning

The investment banking industry is responsible for raising capital for businesses. In 2021, investment banks will help their clients in identifying revenue-generating opportunities. The investment banking operations industry must perform per some of the regulatory norms. Regulations for the investment banking operations industry are decided by the central/state government. If an investment bank fails to comply with the regulations, it may go through legal hassles. Besides finance professionals, investment banks also need expert compliance officers for following the regulations. There are investment banking courses online that can help you in learning regulatory compliance. Before you search investment banking courses online, you should know about these five regulatory changes.

 

  • Lending limits

 

The exposure limit for investment banks is decided by the central government. The exposure limit defines the amount of loans banks can give to borrowers based on their total funds. The exposure limit is often revised by the central government and investment banks must follow it. The current exposure limit for banks in India is 15% for a single borrower. For a group of borrowers, the exposure limit for banks in India goes up to 25%. The exposure limit can be increased by 5% for financing infrastructure projects. Investment banks often identify capital ventures and invest themselves. While doing so, they should not lend more than the exposure limit to avoid legal hassles.

 

  • Cash Reserve Ratio (CRR)

 

Financial institutions in India must keep a certain amount of cash with RBI (Reserve Bank of India) to meet payment obligations. The CRR is decided by the RBI and changes all the time. Investment banks must keep an eye on the current CRR to avoid any legal hassles with RBI. The current CRR for financial institutions in India is 3%. It means that if the deposit of a financial institution increases by INR 100, then INR 3 will have to be deposited to the RBI.

 

  • Operation norms

 

Once an investment bank has been incorporated, it must conduct operations according to the regulatory norms. According to the norms, an investment bank must list its shares within three years of its incorporation. The regulatory structure also defines the percentage of foreign shareholding. As for now, the foreign shareholding is restricted to 49% in India (maximum). Investment banks can increase foreign shareholding further but only after contacting RBI. The latest regulations also state that financial institutions must open 25% of their branches in rural areas where banking facilities are limited.

 

  • RBI

 

RBI will only set the banking regulations in India for all investment banks. The RBI Act launched in 1934 has given this power to the RBI for deciding the banking regulations. All investment banks that are incorporated under the ‘Companies Act’ will have to follow the RBI regulations. Often, RBI reviews the regulatory structure and makes changes. Compliance officers must keep an eye on the latest announcements from RBI.

 

  • Investment Advisors Act

 

The Investment Advisors Act brought a paradigm shift in the investment banking sector. Before this act, investment banks misinformed investors to curb the competition. In 1940, the Investment Advisors Act was created in which all investment banks had to register themselves. The fees collected by investment advisors are also regulated by this act. An investment banking certification can help learn more about the regulatory structure.

Which is the best investment banking course in 2021?

Imarticus Learning provides an investment banking certification in partnership with London Stock Exchange. The Certified Investment Banking Operations Professional course will help you in launching your investment banking career. With an industry-endorsed curriculum and career guidance, you can build your investment banking career. Start your CIBOP course with Imarticus now! 

Steps Investment Banks are Taking to Cope with the Covid-19 Crisis

Posted on by Imarticus Learning

The world never saw what was coming. The Covid-19 pandemic has impacted the global economy and the Indian economy. The downsizing and disruption of small and medium-sized enterprises, establishment of new business model and the business continuity plan, excessive demand and adoption of digitalisation and introducing a high standard of digital transformation like AI, Cloud computing, SaS and many more such trends were visible for quite some time in 2020 and also extended to 2021. The services like loan advancements, remittance, credit and debit cards, payments, investment management, risk management, raising capital and others were massively affected which resulted in crises of banks. This forced the possibility of revolution. The banks had to come up with alternative actions to regain the profitability margin.

Several operating divisions like commercial banking, retail banking, investment banking transformed to cope up with the Covid-19 crisis. Multiple challenges have affected revenue generations because of interruption in services, social distancing and digital mode of service offering. The investment banks specifically needed to take immediate actions as specified below.

  1. The services and offerings have to be digital, also known as touchless mode of operations
  2. Introduction of Artificial Intelligence and software that offers quality data and insights to drive company growth
  3. Offering self-service and smooth interface to enhance the experience of online platforms making it easier for customers to access
  4. Strong Infrastructure that can withstand or foresee risk also known as resilience

Based on the mixed impact on the Investment banking platform and how different firms responded or continue to respond to the Covid-19 crisis, it is expected that this division will undergo some permanent changes like the adoption of Cloud Technology and mutualisation of services through partnering with fintech companies; risk management which is majorly taken care of by the digital technologies; adaptation of new client engagement models because of a hybrid working ecosystem- virtual collaboration is trending.

To keep up with these permanent changes in the business model and succeed in the post-covid era, investment banks need to accept and adopt digital transformation and build resilience to avoid such global attacks in the future.

Just to have an idea of how investment banking works, we will highlight the top two ways to give an overview of their functionality.

  1. Mergers and Acquisitions: An investment bank will evaluate the companies and identify the strengths of each division which allows the M&As to happen at a fair price and in return the bank gets a certain percentage of the deal as their fees.
  2. Initial Public Offering (IPO deals): An investment bank helps set the price of the offerings going public for the first time and get enlisted on the stock market. They market it proactively to their clients and earn a commission on the raising capital.

There are other ways of how investment banking works such as Private Wealth Management, Prime Brokerage and Proprietary trading and these are as popular and revenue generation oriented as the other ones. 

Investment banking is one of the highest paying jobs in the world of finance. Investment bankers usually make 30-40% higher salaries because such banks are more profitable compared to other management firms.  Investment banks deal at an institutional level with big tech firms, global or national banks. Having a curiosity to know about this industry is good but also is important to know what do you learn in investment banking. You do not require any specific degree to learn investment banking but having said that, some skills in economics, mathematics, business and finance will add to your benefit when you are in an interview. An investment banking certification course will introduce you to several subjects like financial modelling and accounting, risk management and market analysis.

You may enrol yourself for a program like Certified Investment Banking Operations Professional that offers you investment banking certification which will help seek clarity on what you learn in investment banking. Once you have an entry into the industry, you can only see yourself flourish and achieve a future that you dreamt of.

What is the Difference Between Working in a Private Equity and an Investment bank?

Posted on by Imarticus Learning

An Investment bank is responsible for raising capital and assists its clients in making financial decisions. They help businesses to raise capital via investment from investors. Private equity also helps in raising capital but it is different from an Investment bank in many ways. Both these fields are concerned with the shares of any particular firm/company but their working methodology is different from one another. The professionals who work in both these sectors also have a different working approach. Read on to know more about the differences between working in private equity and an Investment bank.

Difference between Private Equity and an Investment bank

The major differences are as follows:

  • Investment banks provide investment opportunities to their clients but they never buy shares in their client’s business. They assist their clients in raising capital but are never involved in the business whereas if you are working in private equity, you will try to buy a stake in your client’s business. Private equity is fully involved in the client’s business. You can say that besides assisting in raising capital as Investment banks do, they are also an investor for their clients.
  • An Investment bank can help its clients in generating capital and this process can go till the client is satisfied with the bank’s services. In the case of private equity, you will try to buy an underperforming company and then make it successful and quickly sell your stake to some other stakeholder and exit from that company. They try to buy a stake at lower prices and sell it at higher prices.
  • An Investment bank knows the revenue it has to generate for its client in advance whereas if you are working in private equity, there is no limit up to how much you can increase the value of your stake. Private equity also shares their client’s profit as they are also stakeholders in that particular company. Mostly, private equity receives its profit share in dividends.
  • The target investors of private equity are generally UHNWI (Ultra-High Net-Worth Individuals) for investing in ventures whereas an Investment bank generally provides its services to all types of companies/firms ranging from mid-level companies to high-level companies.
  • The analysis of clients, market structure, etc. done in the Investment banks is more detailed and critical because they have to identify the risk associated with any client. On a contrary note, private equity does data analysis only to find out about the trends and potential investors. There is not much risk associated with their clients as they mostly work with UHNWI clients who can manage themselves pretty well.

Working Culture of Employees in an Investment bank and a Private Equity

An Investment bank has a workforce consisting of analysts, consultants, etc. who are larger in number as compared to the number of workers in private equity. Private equity works with a limited number of employees and has fewer working hours as compared to an Investment bank. The employees in Investment banks have fixed salaries but the employees in private equity are also involved in the business and many times get a small percent of the share of any particular venture where their firm is investing.

One can choose any of the aforementioned fields according to their interests. The skills required are almost the same in both of these sectors. You need to have more negotiation skills for working in private equity and if you are working in Investment banking, you need to have an analytical approach. To learn more about the working methodology, one can take up Investment banking courses available on the internet.

Also Read: Difference Between Investment Banking and Corporate Finance

Top Investment Banking Trends To Watch In 2021

What Are The Best Investment Bank To Work For

What are Good Ways to Prepare for the Interview for an Investment bank

Posted on by Imarticus Learning

The investment banking career is considered as one of the most sought-after and rewarding careers in the finance and banking field. Investment banks play a major role in effectively channeling funds in the economy and guiding their clients on profitable investment avenues. The investment banker has a very wide range of responsibilities and plays a dynamic role in the investment banks. The job of an investment banker in no way is easy to do and requires a lot of additional hours than a normal job. The high remuneration reflects the work that investment bankers are required to put it.

The primary role of an investment bank is to help raise capital for its client from investors or through public. Investment banks leverage its large professional network to find out suitable investors and match them with borrowers in need of funds. Investment banks play a key role during the Initial Public Offerings (IPOs) and act as an underwriter during the process. They help with finding out the optimal price of shares and also hedge the risk of under subscription to some extent. In addition to this investment banks also helps with the Mergers and Acquisitions deals.

Tips for Investment Banking Job Interview

Preparing for an investment banking interview can be challenging, especially when there is so much competition and such huge stakes. Let’s delve deeper into how you can stand out from the competition and land your dream job.

  1. Learn all about investment banking: The investment bankers have a huge role to play in the success of their company and also of their client’s firm. You should know all about the investment banking industry including the day to day chores, financial modelling and valuation, accounting standards, regulatory challenges, etc. You should be prepared to answer all technical questions related to the investment banking sector. You should also be aware of the latest industry trends and news. For example: learning about popular mergers and acquisition deals.
  2. Know your why: Be prepared to answer this question sooner or later during your interview process. You should know your ‘Why’. It is one of the most important questions as it shows how passionate you are about this job and what you are willing to become successful. Since investment banking involves long hours, people who are just in it for the perks without working hard are not able to survive for long. If you are passionate enough, you will give your best without complaining about the hours.
  3. Demonstrate what you can do: Your interviewers are most likely the people you will be working with in the future if you land up the job. If you can successfully demonstrate your skills then there’s no way you won’t get the job. You should be as specific as possible while answering your questions and it is advisable to use relevant examples and scenarios that allow you to demonstrate your skills. You should be able to show them how you will add value to the organization and what all you bring to the table.
  4. Communicate effectively: The role of an investment banker involves dealing with clients and communicating your ideas and knowledge with all key stakeholders. You need to have good communication skills to be able to convince your clients. You should communicate effectively during your interview as it has a big role to play in your day to day job.

There’s a whole lot in the realm of investment banks and bankers to make this role crucial for the economy. It can be very hard to break into the investment banking industry as the role and status of an investment banker lure in a lot of aspirants who want to become successful investment bankers. Opting for an investment banking course from reputed institutions like Imarticus Learning helps you to develop all essential skills and retain relevant knowledge required to do the job. It also guarantees job assurance with reputed companies in the industry.

Also Read: Top 20 Investment Banking Interview Question & Answer

How Can I be a Good Investment Banking Analyst?

Posted on by Imarticus Learning

With the growing trend in investment, there is a surge in the demand for jobs especially in the field of investment banking analysis. The more people invest, the more is the need for individuals to analyse investment portfolios. The profile of an investment banking analyst surely requires hard work but it promises amazing returns and lucrative promotions.

Basic Responsibilities of an Investment Banking Analyst

  • Reviewing the financial data and analysing the details
  • Compiling the reports and presenting the findings
  • Performing administrative duties

Tips to Become a Good Investment Banking Analyst

Every job and field requires proper dedication and hundred per cent submission to the work. An employee must always take care of the duties that he has been assigned along with fulfilling all the responsibilities. Maintaining cordial relationships with all the fellow employees along with respecting the bosses is consequential.
For an aspirant to become a remarkable investment banking analyst, following tips need to be considered.

  1. Stay Attentive: Although every work on the job must be done with proper attention, the job of an investment banking analyst requires highly undivided attention. This is because an analyst has to deal with certain specific details involving numbers and money. The passing of almost all the portfolios depends upon the findings of the analyst. This makes it all the more significant for the analyst to put all his attention in his work while on the job.
  2. Get Along With Your Team: Many times it is possible that a group of analysts have to work together on certain projects. Co-ordination among all the members of the team is really important. To become a good investment banking analyst, an employee needs to co-inside with the interests of the whole team. By working efficiently in a team, one can very easily improve his performance and learn through the capabilities and creativity of others.
  3. Gain The Required Knowledge: For an investment banking analyst, he must possess all the required knowledge of his field. Profound knowledge of accounting standards, mathematical formulas and other applicable principles is required to save a lot of time and efforts while on the work.
  4. Use Computer, Be Smart: Where an analyst has to deal with huge numbers and data, having a strong grip on useful applications like Ms Excel, Ms Word and Ms PowerPoint is important. This job requires giving presentations to investors and presenting the data systematically for better and easy understanding. Therefore, sound knowledge of these applications can help the analyst raise his standards of working.
  5. Work Well in Financial Modelling: Financial modelling is a field which must be known to an investment banking analyst in detail. Financial modelling deals with forecasting the performance of any company in terms of its earning and financial stability. Financial modelling is done by making the use of Ms Excel. If an analyst aspires to progress in his field, he must ensure that he has a way with financial modelling.
  6. Don’t Shun from Long Working Hours: In a desk job like this, sometimes working for late hours can demotivate the employees. But an investment banking analyst must understand that working for long hours in the initial phase may land him at something beneficial in professional terms. It is quite obvious that working for more time than usual will help you undertake more work leading to a greater experience in lesser time. Also, you can learn to handle burden at an early stage which may come up as a problem at higher positions.

Along with the tips listed above, you can consider Imarticus learning for a professional investment banking course. For a stable career in this field, taking up an investment baking course must be considered.

Also Read: How To Become Investment Banker

Investment Banking Market 2020 Covid-19 Impact Analysis, Trends, and Forecasts to 2027

Posted on by Imarticus Learning

Investment banking is an important sector responsible for generating capital. Investment bankers assist their clients in making financial decisions. The recent Covid-19 impact has shown its effect in almost every industry. The Investment banking market has to steer through the challenges during this tough situation. There are new and innovative ways being taken by individuals to cope up with the challenges. Let us see the current market situation of Investment banking and future trends in this sector.

Impact of Covid-19 on Investment Banking

The disruption of staff from office due to Covid-19 has cost investment banks a lot. They have adopted the ‘Work from Home’ culture to deal with this situation. The senior leaders have to cope with the challenges and have to monitor the performance of employees. Asset values are also falling in the present scenario, investment bankers have to cope up with it. The governments are also trying to give fiscal stimulus to companies/firms and are lowering the taxes to gain back the market confidence. Cash flow is also decreasing due to a halt in services, an investment banker has to maximise cash in hand.
Firms have to remotely manage their staff and have to create a work environment somehow. Investment bankers are using digital applications to make their job easier. The usage of technology for ease in doing business is surging. According to a report by S&P Global Market Intelligence, many investment banks reported a year-over-year drop at the end of 2019 due to the Covid-19. Due to the rise in uncertainty in the stock and bond market, market volatility is increasing. Investment bankers have to work through these challenges for sustainability.

Trends and Forecast in Investment Banking Sector

Due to the impact of Covid-19, investment banks are targeting mid-sized companies. There are a lot of mid-sized companies in every country. Due to the high frequency of these types of companies, potential growth is available. New technologies like cloud computing, e-commerce, AI, Machine Learning are redefining the way investment bankers worked. Many investment banks are increasing their institutions’ engagement on social media platforms to increase interaction with clients remotely.
The usage of data analysis is also trending in the Investment banking sector. Data analysis is used to analyse any financial decision and generate profits. Due to Covid-19, a lot of companies/firms have shifted to online work. Investment bankers are investing in cybersecurity companies because their demand is going to increase. Every company wants its data to be protected and with fall in manual work processes, cybersecurity services are being demanded.
The current global market of Investment banking is more than $250bn. The average industry growth is around 2.3% in the past five years. Investment banking may be impacted by the Covid-19 crisis, but individuals and financial institutions have coped up and made sure the business survives. There are a lot of fluctuations in the market, so prediction and investing in correct ventures is important.
It is predicted that the investment banking and brokerage market will grow in 2020-2027 and the leading players would be JPMorgan, Goldman Sachs. Digital banking is been predicted as the future of banking by 2027 and a lot of investment banks have taken the first step and have shifted various services to a digital medium. There will be a lot of chances for upward mobility in the Investment banking sector in the coming years.

Conclusion

Investment banks and their employees are managing their roles remotely and are coping up with the challenges laid by the Covid-19 impact. The capital has to be generated for the continuation of the business. A lot of new opportunities are also opening which are being grabbed by many key players in the Investment banking market. This article was about the impact analysis of Covid-19, trends, and forecasts in Investment banking.

How Imarticus Learning Helped Me Become An Investment Banker – Neelam Chauhan’s Story!

Posted on by Imarticus Learning

Like so many before her, Neelam Chauhan was fresh out of college and armed with a bachelor’s degree in Commerce, eager to take the leap into becoming a full-time working professional in the field of banking and finance.

But she knew that her degree alone would not be enough to convince potential employers to take a gamble on her. She had to amplify her industry-specific knowledge and skills, especially if she was serious about becoming an investment banker like she wanted to be since her college days.

It did not take long for Neelam to come across Imarticus Learning’s flagship Certified Investment Banking Operations Professional (CIBOP) program online, and after speaking with an Imarticus counselor, she was convinced that enrolling in the program was the best career move to make. Her decision was rewarded handsomely, with Neelam crediting Imarticus Learning’s CIBOP program for her immense professional development and preparing her for a life as a modern-day investment banker.

When asked to rate Imarticus Learning’s CIBOP program, Neelam did not hesitate to give it a score of 5 out of 5, citing the depth and efficacy of the course content, the vast experience of the teaching faculty, and the real-world applications of all that she learned during her tenure with Imarticus Learning as factors influencing her positive judgment.

Additionally, she highlighted the importance of guest lectures from working industry professionals that provided her with extremely valuable insights into the functioning of current investment banking practices, products, and procedures that she would not have received from traditional textbooks or other mediums.

The resume building section of the CIBOP program was another massive benefit for a fresher like Neelam, as she did not know how to draft a professional resume before joining Imarticus Learning. This gave her further leverage in her pursuit of becoming a distinguished investment banker.

Neelam reserves very high praise for Imarticus Learning’s CIBOP teaching faculty, particularly for Mrs. Lourdes Miranda, who she says “has been a great teacher and understands the needs of students very well. She has a vast spectrum of investment banking knowledge, and I’m grateful for the way she shared it with us.”

Neelam believes that any young professional aiming to boost their career in investment banking should look no further than Imarticus Learning. The comfortable and nurturing study environment, the world-class staff, the numerous job placement opportunities provided after successful completion of the CIBOP program, and her overall learning experience and personal journey make Imarticus Learning the obvious choice for budding investment bankers like herself.

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

What Do You Understand By Logistic Regression?

Posted on by Imarticus Learning

Data science has given a lot when it comes to predicting smart results and trends for businesses and firms. There are a variety of methods and ways in which the data is analyzed and processed to produce meaningful information from a chunk of unstructured data.

One such method used in data science is logistic regression, it is a statistical data analyzing method which helps us in predicting results based on pre-requisite or prior relevant data.

Let us know more about logistic regression in this article.

Logistic regression produces a dependent variable or outcome variable as its outcome. A dependent variable is dependent or calculated with the help of independent variables which is our prior information. For example, we can use logistic regression to find out whether any particular team will win the match or not in the upcoming cricket match.

Prior data could be the history of wins and losses of that team, the current form of players, the current form of the opposition team, past record of the team on that particular ground/stadium, etc. This information is our pre-requisite and then based on this information only logistic regression predicts whether the team will win the cricket match or not.

Logistic regression always gives an absolute value. If you look at the aforementioned example, there would be no discontinuous outcome, either the prediction is that the team will win or it will not. if the probability of winning comes more than 50% after performing logistic regression, we could say that the team can win the next match.

If you look at other regression techniques like linear regression, it is less preferred in comparison to logistic regression as it produces a discontinuous outcome which will provide less clarity.

The prior information/historical data is a very important factor for a successful prediction using logistic regression, the quality information we have about past events and attributes helps in making the prediction more profound and absolute. And as more relevant data flows in as historical data, better will be our analyzing model.

In data science, the first and foremost task is data preparation. Data preparation is the process through which unstructured data is converted into structured data which will help us in extracting meaningful data.

A lot of sub-processes like data cleaning, data aggregation, data segmentation, etc. are performed under the process of data preparation. Logistic regression also helps in data preparation by allowing data sets to go in predefined buckets/slots where they can be used to predict future results.

This regression technique has also many use cases in the current scenario besides data science such as in the healthcare industry, business intelligence, machine learning, etc. Logistic regression is further classified into three types that are binomial, ordinal and multinomial.

They are classified on values that are being held by the outcome variable. We can say that this regression technique finds the relationship between outcome variable/dependent variable and one or more independent variable which also falls under the category of prior information.

The data calculated through regression can also be mapped on a graph. The formula is:

Y = mx + c

Where,

Y is the data to be predicted, m is the slope of the line, x is our prior information and c is our intercept on the y-axis. A logarithmic line separates the dependent and independent variables. Mapping the result on a graph gives us a clearer understanding of our predicted data or value. Logistic regression is often confused as a regression machine learning algorithm, it is more of a statistical algorithm. This article was all about logistic regression and its uses in the field of data science.