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Tag: Banking & Finance

Why Was It Difficult For Goutham?

Posted on by Imarticus Learning

 

Goutham is here to share his journey from being an under-confident individual to a charming confident professional in the field of AML-KYC.

Goutham’s ambition lies in the field of AML-KYC as he has always been passionate about learning how to prevent hefty penalties in any financial institution. In order to realize the same, keen learning was required in the field of AML-KYC.

Know Your Customer (KYC) was a basic program need for Goutham to understand the credit score of any individual backed up by Anti-Money Laundering Law (AML) to reduce any risk of fraud. But he wasn’t quite sure if his under-confident personality would help him with any placements. But he was a changed personality after enrolling at the Imarticus training center. Let’s see how!

Why was Goutham confident about choosing Imarticus as his learning partner?

My name is Goutham, and sometimes it was difficult for me even to communicate in public. However, my passion to study AML-KYC filled my heart to step out of my house and search for an institute that could help me with the best learning platform. That was when I came across Imarticus Learning Center that held my hand at the right time.

When I visited their center, I was impressed by the process of enrolment and their professional attributes. I was lucky enough to meet the trainer that day who understood my basic hesitation of public speaking. But after a conversation with my trainer who was taking care of other Investment Banking courses, I knew I was in the right hands!

While going back home, I browsed Imarticus learning reviews that made my decision firm on joining this institute. I knew I would be served with professional help and learning that I deserved.

Were you happy with your AML-KYC course?

Indeed, I was! In my first session itself, I was quite shocked as it was completely different from my expectation. I thought the module was based on theoretical knowledge, but the practical approach used by the trainer was commendable.

I was offered to talk about my views and opinions on the recent discussion in front of the whole group. Not only did it help me update my knowledge, but I also felt confident while discussing with other mates. Not only did it help me learn every aspect of learning KYC and AML essentials, but personally, I never felt more confident in my life. I was prepared to answer every prospect in AML-KYC domain with the confidence that was lacking before.

Are you going to recommend Imarticus learning to others? 

Why not? I mean, Imarticus was my first choice, and will always be! So far, my journey at Imarticus was nothing but practical experience to change my personality into a confident professional with a keen understanding of the subject. And that is what every one needs! I will definitely recommend this program to every individual in the Finance and Banking fields. This is surely a life-changing experience! All thanks to the trainer of the center. After all, with the right mentor, you can transform your career completely. And the trainers of Imarticus are the best mentors you could ask for.

Any news on your placement yet!

I couldn’t be more ready to face the real world. As a matter of fact, through the Imarticus learning placement services, I got an opportunity to be interviewed by the pioneers in the fields of Finance and Banking. I am just deciding which institute I should join. My journey at Imarticus not only helped me with an expert understanding of the subject but also groomed me into a professional individual.

And if you are also looking for an institute for AML-KYC learning, click here in order to receive professional guidance with Imarticus.

What Are The Sources To Learn Corporate Banking?

Posted on by Imarticus Learning

 

The scope of a job in Corporate Banking depends and varies depending on the following factors. These factors are:

The bank that employs you:

All banks do not offer the same bouquet of services. Some focus on smaller firms and the middle-market segment requiring a variety of skills specific to the field of work. Your knowledge base and skills required may be different when you work with the larger banks.

Further, some banks may offer certain specialized services like infrastructure finance or asset-backed lending and so on. You will soon discover that no matter where you learn corporate banking you practice on the job and what you study depends also on whom you work for. Chase Bank and Citi Group of banks have the best corporate banking divisions.

In which country you are employed:

Banks have to be licensed to operate in a country and provide key services. Often the particular country may not have the required infrastructure or availability of local talent to fill specific job roles and key areas. As an example consider that in Western Europe one needs to incorporate a legal entity in Germany alone to offer cash management services. After Brexit happens the UK will need a similar procedure. This restricts the bank’s offerings and their payouts also need to be on par with the areas average payouts.

The area of operation in the bank:

Banks offer a variety of roles in corporate banking. You could be from the technical/ administrative support areas, a relationship manager, or the treasury products sales associate, or a specialist in account opening. The area of operation and job roles varies and so also do the payouts, skills or learning required. Blockchains are the buzz word and a lot of hiring is around this technology. Anti-laundering, risk-management, compliance, and regtech are also very happening areas requiring skills depending on the job role and operational area of the bank.

Since you will have to suit your job, one of the best routes to learn corporate banking is to do a course at reputed institutes like the Imarticus Learning Academy. The banking courses are not all that different. What sets Imarticus apart, is that they offer specialization courses to both career seekers and career changers suited to their interest areas and equipped with certifications to advance your career.

Corporate Vs Investment banking:

The corporate banks are IBs who are also lenders of capital at various scales and from different branches under the same umbrella. They could be direct investors and most often act as intermediaries helping to raise investment capital. Some examples are of companies raising funds are in the issuances of bonds, IPO’s and OIUs. Different branches like retail banking, corporate finance, wealth management, etc are involved in offering funds to corporate firms, syndicated financial institutions and the governments for infrastructure projects.

IB also deals with HNI individuals, syndicated funds, etc to SMEs and retail products like credit/debit cards, bank accounts for individual investors. IB often plays the role of an intermediary in the acquisitions and merger deals. They advise on equity markets, mutual fund investments, and play a consultant to borrowers in their financial and borrowing journeys. Their profits are in the interest rates, charged fees, consultancy retainers and such. Banks may also have in-house trading facilities.

The key differences:

The main difference between corporate banking and investment banking is in whom they lend to. The banks offer loans at interest. Banks can be the intermediaries of the venture capital deals and the M and A deals. They also target different kinds of customers. The banks are relatively risk-averse and have investors and borrowers from whom they earn fees or interest for their involvement. IBs work with financial institutions and firms who also have access to global markets, and capitals markets abroad. Corporate bankers specifically work with institutions, corporate firms, churches; foundations, etc helping them invest their funds and offering them loans.

If you are interested to learn corporate banking the courses at Imarticus Learning are highly recommended. The banking jobs are prestigious, pay well and are constantly facing a demand for well-trained professionals.

IB career-scope and payouts:

In terms of career prospects, salaries, job roles, and working conditions there is a lot of overlap between various divisions in the investment banking sectors. However, corporate banking has a slight lead in job prospects. According to Payscale reports, in early 2004, the average IB salary was USD 315,000. Ten years later the figures for the IB salary was USD 288,000. Investopedia claims the average 2015 banker’s salary was between USD 75,000 to 85,000.

Conclusions:

Corporate bankers are important as they are client-facing jack-of-all-trades bankers with a wide knowledge and skills base. You can learn corporate banking at Imarticus Learning where careers are born and honed. Start today!

For more details and for further career counseling, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Banglore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

What Is The Best Way To Learn About Wealth Management?

Posted on by Imarticus Learning

When you have wealth it means you are busy earning it and need someone trustworthy to manage it for you. That’s the wealth manager for you. Wealth management is advisory investment services for affluent HNI persons that offer a range of financial services and products.

Normally the consultative process involves the FA making an investment strategy that is customized and personalized for a particular person and based on his needs and the financial products available.

What the Wealth Manager does:

The WM is your one-stop for investment advice, portfolio management and even services like tax,  estate planning, legal issues, accounting, retirement planning, insurance, and such services. He has probably had some wealth training from a Wealth Management course.

  • Wealth management is advisory investment services for affluent HNI persons.
  • The WM is a highly expert multi-faceted professional who undertakes wealth management for affluent clients at a negotiated fee.
  • Customers benefit as the WM is a single-point of contact for holistically coordinating a wide variety of need-based financial services for wealth management and also undertakes planning for the future.
  • This area is for those individuals who have a corpus and are busy earning while needing someone trustworthy to manage their diverse needs for financial solutions.

Learning about wealth management:

So you want to learn wealth management then the easiest route is to do a wealth management course. Learning money management is a skill that one learns early and it is a vital life soft-skill. Especially so when you are trained in WM and are an expert resource teaching other wealthy people how to manage their wealth effectively in paying investments and also plan for the unknowns of a planned future.

The present market is flooded with resources in WM like podcasts, blogs, books, apps, etc. However, knowing the basics of financial markets, the management of debts, loans, budgets, insurance, mortgages, investing, etc. will aid your career and facilitate it in your future tasks. Let us explore free and good resources for learning prior to undertaking the course in financial education.

The best resources to use are

Tool- Imartcius Learning:

This training provider with a wealth management course has a wonderful repertoire of blogs on every subject under the sun. It also provides you with the resources vital for further action to be taken to further your career, gain certifications, etc using paid courses.

Tool- Mint.com

Mint is a free resource and easily accessible. The online tool is a good personal finance tool that helps with budgeting and reminds you with alerts when you reach your set budget limits. It helps inculcate financial discipline and provides you with a broad perspective of your financial health at a single tap.

Tool- Learnvest

LearnVest is a Forbes-backed financial tool that is like a personalized financial 101 and a helpful free resource rolled into one. You can use it as a course on WM, for learning the basics of saving, as a wealth management course, earning, budgeting, mortgages, taxes, investing and more. You can also use it for deep-learning financial subjects.

Blog- The Simple Dollar

This is a free resource of blogs and is the go-to resource-101 course in insurance, banking, investing, loans, credit and many more. It makes a wonderful resource tool for learning from the start and understanding the basics of strategic well-informed investment decision making.

App-Robinhood App

This app is about brokerage services on mobile phones offering free trading and investor platforms for WM. Targeting the young it profits on the interest of the unused cash balances of investors and makes investments in stocks an easy routine.

Podcast -Stacking Benjamins 

The popular podcast speaks about paying off debt, the strategies in time management, money management, investing in real estate, and a savings guide focused on creating multiple incomes and furthering learning on WM.

Articles- So Money Podcast

Author Farnoosh Torabi the expert journalist and finance expert speaks to thought leaders and entrepreneurs about their businesses, personal experiences, personal finances, money management and more.

Shows- The Tim Ferriss Show 

This podcast has been popular for years now. Ferriss interviews intellects, entrepreneurs, and celebrities discussing their methods, routines, philosophy, and tactics that have made them successful. He brings in light moments covering favorite books, exercise regimens, morning routines, strategy for time-management and much more for personal and financial success.

Conclusion:

Given the number of free resources available learning WM is not difficult. However, doing a wealth management course at Imarticus Learning gives you the opportunity to use case-studies, assignments, tests and project work as a crucial step to further your career. They also offer assured placements as a Wealth Manager and get you job-ready very quickly indeed.

For more detailed information regarding this in brief and can drop your query by filling up a simple form through the site or can contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Banglore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

All the best in your WM career!

The Investment Banking Course That Would Help Change Your Life For The Better

Posted on by Imarticus Learning

Sai Charan recounts his experience of how a course, resulted in a job at one of the top investment banking firms.

Breaking into investment banking is easier said than done; this particular industry is quite competitive. And to make things worse, I had to deal with the fact that I had taken a break period for a couple of years to take care of my aged mom who also happens to be suffering from dementia.

My Name is Sai Charan G, and I have more than 5 years of work experience in the banking industry, with requisite degrees in Banking and finance. While the job in question remained satisfactory at best, I had long realized that I wanted something more, than just a regular bank job. It is around this time that I had to take a break, to take care of my aged mum, and help her deal with dementia as well.

After two protracted years, I was able to admit my mum in the right home, where she can get the care and treatment she deserves and started to apply for new job listings in the paper. But it seems that if you had taken a break, which counts against you even if the cause happens to be a reasonable one. It was not exactly pouring lucrative positions, and the jobs that I could land were more of entry type posts with loss of pay as well.

Imarticus investment banking course gave me my break

Given the fact that I was not exactly landing the job of my dreams, I came across the Imarticus course on investment banking and thought that I should give it a try. After all, I was not exactly landing the dream job.  What’s more, given my background in banking and finance, and my earlier work experience in the banking industry, it made perfect sense to opt for the course.

The course itself seemed to be geared towards investment banking, with a sharp focus on theoretical learning along with practical assignments as well. What sold me in was the fact that the course curriculum included a set of lectures by some of the top banking industry professionals as well.

The one worry I had was whether my break, in question would feature prominently in any bank related interviews, post the course. But a quick call to the Imarticus support staff soon set me straight on the same, and what’s more, Maria, one of Imarticus support staff provided me with a few suggestions on how to counter such questions as well.

The course rocked

Usually, most skill courses often do not live up to the hype but this one managed to hit all the right notes. It came with a platform that I could access 24/7 with most of the modules streamlined right to my laptop. And of course, the media files were streamlined and I could access them anytime I want and any number of times as well. The faculty proved to be more than helpful and were ready to help me understand the content so that I can develop and hone my skills and talent.

The final step

Thanks to this course, all that was left for me to do was to complete the final step and that was to update my resume and apply afresh. It was thanks to the Imartcus for an Investment Banking course that I had undergone a complete transformation for the better. And it is also due to this course, that I managed to land a job with JP Morgan Chase, one of the top investment banking companies in the world.

For more details in brief and further career counselling, you can also search for – Imarticus Learning and can drop your query by filling up a simple form on the website or can contact us through the Live Chat Support system or can even visit one of our training centres based in – Mumbai, Thane, Pune, Chennai, Bangalore, Hyderabad, Delhi and Gurgaon.