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Tag: Finance career

Best Practices For Personal Financial Management At Different Stages In Your Career!

Posted on by Imarticus Learning

Managing finances is something no person would ever be able to avoid. Technically, you may think that money management is for late adulthood. However, it is essential to instill good money management habits from the get-go.

An important thing about financial management is that its importance scales up as you age. This means that the ways in which you were to save up on your spending would differ drastically if you are in your early twenties or in your late sixties. Managing your personal finances becomes crucial and a Finance Career can help develop this managerial skill.

A New Age Banking Course provides all the education on self-financing. That’s why we have carefully curated these best financial practices for every stage in your career.

Money Management in your career:

Early-stage in your career:

The early stage in your career helps you lay the foundation of your life. It is seen that money management usually takes the back seat in this stage as people are driven by their wants. A good financial management practice would instigate you being driven by your needs instead of your wants.

New Age Banking CourseInstilling the habit of saving up funds for emergencies or for the future while curbing on your ‘wants’ has proven to be a tried and tested strategy for financial management. If you are deciding on buying something expensive, try to think if you would use that product even 3-5 years from that time to check if it is a necessity or a luxury.

Reaching the happy middle point:

You typically would be in your late thirties when you would reach the midpoint in your career, and chances are you would be making a lot more money than when you had just started earning. However, your liabilities would also most certainly grow. You probably would be married and would have children to look after, marking the end of your carefree days. In such times finding yourself in financial peril is not uncommon.

We believe with rigorous routines and disciplined spending, you would be able to avoid all the hardships that life would throw at you. You should maybe expand your savings to cover a good chunk of time in case anything happens with your source of income. You should also try to have no mortgages, loans, etc., by the end of your forties. Along with your income from job, you should have a side investment pool like passive incomes that can help you sustain.

Also, starting a retirement fund would be a great decision at this stage.

Late career:

Typically, you would be in your fifties and considering your future options during the late-career stage, you could choose early retirement, or you could work even after retirement. You would probably be undecided at this stage. However, one certainty should be that you should have a surplus amount saved by now.

You should also have life insurance and other things in place to help your future generations as much as possible. At this point, one should also strive for financial independence. Even when you retire, you should have enough funds to see you comfortably to the end.

Conclusion:

Life is very uncertain. There will be some really amazing days and some not so good ones. While it is important to have fun, it is equally important to have monetary discipline. Ask someone with a Finance Career for help or check out a New Age Banking Course for personal financial development.

How is Microfinancing Empowering Women in the Modern World?

Posted on by Imarticus Learning

Many people believe that the time of microfinancing is over because, with a world full of technologies and innovations, women in developing countries should be able to make a living without having to rely on loans. However, this is not true.

In fact, many women still need small amounts of money for day-to-day expenses such as food and children’s school fees. Microfinancing has been instrumental in helping these women by giving them access to resources they would otherwise not have had available to them.

In the past few years, female entrepreneurs using their skills from home businesses or agricultural work for increased cash flow opportunities. These businesswomen are also more likely than men in similar positions to invest their profits back into the market.

The microfinancing sector is enormous, and individuals in the finance industry are in great demand. We’ll go through financial accounts and Finance courses with placement in this post.

What are the different types of finance courses that may be taken?

There are several finance courses to choose from. You may pursue certification in FinTech or degree programs such as BBA and MBA in investment banking.

These programs are classified depending on your education level, whether you graduated recently and therefore can attend an MBA program or a PG program.

The BBA program is accessible for undergraduates. Young professionals have the option of taking PRO Degree programs.

What are the Eligibility criteria to pursue a career in Finance?

Depending on the program and institution, the requirements may differ. If you wish to apply for the BBA program, you must have a passing grade in the (10+2) examination in Science / Commerce / Arts from PUC / ISC / CBSE or an equivalent board. For MBA or any other program, it will change.

What are your career prospects after you finish the program?

There are different career options following a degree or certification in finance. Graduates can opt for careers in investment banking, insurance, retail banking, financial analysis, and risk management. They can also start their own business or choose to become a consultant.

The range of finance job salaries varies from 7 lakhs to 20 lakhs per year, according to glassdoor.

Institutes that give Finance courses with job placement.

Imarticus Learning one of the leading technologies-driven educational institutes offers multiple courses in finance. Depending upon your qualification you can apply to the program. Below is the list of programs that you can apply:

For Recent Graduates

For Young Professionals

  • PGP in New Age Banking
  • ProDegree financial analysis with KPMG
  • ProDegree credit risk and underwriting with Moody’s analytics
  • MBA distance learning in Banking and Finance with NGASCE

For Executives

  • ProDegree SP Jain’s professional certification in fintech.

For Under Graduates

Conclusion: Microfinancing is a great investment opportunity for people who want to empower women and help them become financially independent. The statistics show that we can increase the number of female entrepreneurs in developing countries by providing these loans while also assisting communities in growing.

The demand for finance experts in order to support the microfinance industry is high. Finance courses with placement are provided by organizations like Imarticus. If you want to build a career in finance, now is the time to apply.

Some Smart Money Management Tips To Tide Over The Covid-19 Crisis!

Posted on by Imarticus Learning

Novel Coronavirus or COVID-19 is the pandemic spreading worldwide and leaving panic and uncertainty in its wake. The countermeasure to curb the spread of the virus (lockdowns and shutdowns) might have done more harm than good because the entire world is on the brink of a recession.

Many people have lost their jobs and means of earnings during this period. Many startups fizzled out of existence. COIVD-19 has been especially hard on the ones who were struggling financially.

We live in unprecedented times where money could be the only determining factor between life or death. It doesn’t take a Banking and Finance course after graduation or someone in a Finance career to figure out the importance of managing funds.

Money Management Training

To help you on this front, we have listed some really excellent tips which should make your life a bit easier while battling a rampant pandemic.

Tips for money management:

Need to have a rainy-day fund:

Having a rainy-day fund is especially important in these times. Not only would it be able to help you in case something were to happen to your livelihood but it also would help you in case of any contraction of this virus in your family. Plus, for any medical emergency during this period, it would help to save up a little.

Ideally, you should have enough money to last you about six months or a year. You could choose savings funds, Fixed Deposit, or any other form of capital investment.

Having a stable life and health insurances:

In such times you should be prepared for the worst. Hence, you should not skimp on your life or health insurance because anything could happen. If you happen to have a term plan, make it a habit to pay all the premiums on a timely basis. Also, talk to your health insurance provider regarding the current health situations and how the insurance would work in this pandemic.

Your health insurance should come to your rescue in case you contract this virus. You would be able to save up on a good chunk of hospital expenses with the help of your health insurance.

Do not take blind loans:

You should be extremely careful with the money you borrow from others because anything can happen. We suggest that you should avoid any and every sort of loan. Only if it is absolutely crucial, then only take out a loan.

Money Management Training Try to be extremely careful with your expenses. If you absolutely need money, try using other funds (something that is non-essential) first before taking a drastic step of actually taking out a loan.

Conclusion:

We hope that we could provide you with some tips and tricks that should help you save money in such uncertain times. The best strategy in these times would be to remain calm and level-headed and maintain your composure. Proper money management is essential during this period.

5 Must-Watch Movies That Every Aspiring Finance Professional Must Watch!

Posted on by Imarticus Learning

A finance professional is a person who is responsible for guiding the clients to plan their finances and also comes up with good strategies on investment, thereby helping them manage their wealth in a better way. They can also be considered as Finance Advisors since they also evaluate tax and investment-related aspects for their clients.

To start a career in the field of finance, one must have a bachelor’s or a master’s degree in finance and have a good hold over subjects like mathematics, accountancy, economics, and auditing.

 What are the career options after graduation?

Many students after having completed their degrees in Finance get confused and wonder what are their career options after graduation. It is a vast field with unlimited opportunities that promise a bright future. For Finance aspirants, there are many options in the investment banking industry.

Best Investment Banking Course with Placement in IndiaInvestment banking is one of the best and sought-after careers in finance. It can change one’s career trajectory and promises a lot of growth. For better guidance, here is the certificate in Investment banking details:

The CIIB (certificate in investment banking) is an extensive certification exam designed to test one’s understanding and in-depth knowledge of investment banking. The course covers everything from the basics of investment banking, mergers and acquisitions, corporate actions and restructuring, and financial statement analysis.

One can also take up a career in Risk management where one is required to have the ability to minimize the risk factors involved in investment and maximize returns for the clients. Apart from these options, there are many other opportunities too like, Portfolio management, public auditing, and corporate finance.

Other courses that one can do to hone their skills in the field of finance are accountancy courses, wealth management, banking courses, tax qualifications, etc. Finance professionals are required to have experience and the best way to gain experience is by taking up internships and learning as much as one can.

To be a successful finance professional, one must acquire the following skills:

  • Should have an immaculate knowledge of accounting and economics
  • Possess analytical skills
  • Good business management skills
  • Be a leader
  • Mathematical knowledge
  • Should be well versed with using computers and the required software
  • Have a keen eye and pay attention to detail

The world of cinema has often produced many movies inspired by the lives of finance professionals and there are some amazing movies that have created a lot of buzz in the past. Some are dramatic while some are comical but it is interesting to have a sneak peek into the life of finance or a business professional. Here is a list of the top 5 must-watch movies for finance professionals:

Boiler Room:

The Boiler room is a must-watch for everyone who is planning to try their luck in the stock market. The film deals with the protagonist’s wit, intelligence, and good stock brokering skills that get him a good position and respect in life but soon due to his greed and unlawful tactics he is on the FBI’s wanted list.

Margin Call:

This movie is about an investment bank dealing with the 2008 financial crisis. One of the best movies ever made about the financial crisis, it is engaging and smart. It highlights how not just physical but psychological factors bring down a company. One lesson to take away from this movie is to learn how to handle a company when it’s at its weakest and suffering through a crisis.

Wall Street:

Perhaps the finest movie ever to be made on the finance industry, the movie follows the story of a young man who has just started as a stockbroker and starts learning the ropes of the stock market. By watching this movie, viewers can learn the basic functionality of a stock market.

Rogue Trader:

The movie is about an investment banker and how the oldest bank of Britain goes bankrupt because of him. The lesson learned is that no single person can be given the responsibility of making a business successful and that companies must have a logical and disciplined investment plan to avoid losses.

The Wolf of Wall Street:

This list can never be complete without mentioning one of Leonardo Di Caprio’s best works to date. The Wolf of Wall Street is a comedy movie but shows the shrewdness and unethical ways in which the protagonist makes his way to the top and is eventually caught.

There are business lessons to be learned like loyalty and trust between the boss and his employees, something which is very important in the corporate world. The movie is a laugh riot with some very powerful performances.

Everything You Need To Know About Forensic Accounting!

Posted on by Imarticus Learning

Forensic Accounting refers to the application of financial skills to resolve disputes of fraud and misconduct of finances in business. It is an integration of accounting, investigation, and auditing with a sound knowledge of business and legal systems. The scope of Forensic Accounting includes:

  1. Designing an accounting process for the verification of data.
  2. Looking for an unusual development in accounts for any possible frauds.
  3. Continuous surveillance of transactions of a variety of businesses.
  4. Performing a routine schedule of audit processing.

Need for Forensic Accounting

These days almost no domain is left untouched by frauds, dishonesty, corruption, money laundering, etc. Forensic Accounting is a field that checks all these activities.

Criminal Investigation: Forensic Accountants prepare detailed reports of financial implications in case of fraud. It helps the police and the investigating authorities in examining the case in detail.
Financial Analysis course with placement in Iindia
Dispute Settlement: Forensic Accounting professionals help resolve disputes in business communities. They settle intellectual property infringements, liability claims, etc.

Professional Negligence: In the case of employee negligence leading to non-compliance with auditing and accounting standards, Forensic Accountants examine the loss through quantification.

Detection of Fraud: Forensic Accountants detect fraud by tracing the papers and other activities of the employees of the company. They tactfully devise strategies to find out the truth.

Forensic Accountants – Skills and Qualifications

Forensic Accountants are very important professionals for every organization. From public to private, every entity needs to ensure that they comply with the governance codes and establish transparency in their systems. Forensic Accountants help in this cause by maintaining fair accounting and detecting any misconduct.

Due to the nature of their tasks, Forensic Accountants can find employment in Banks, Multinational corporations, Police forces, Freelance, Insurance companies, and even government agencies, etc.

To be a Forensic Accountant, one needs to do a bachelor’s or master’s degree in Accountancy. A diploma in banking and finance can also provide the necessary qualification required to build a substantial career in this field.

Financial Analysis course with placement in IndiaCommerce graduates can also pursue a career in Forensic Accounting with a financial accounting course.

A Chartered Accountant with experience in accounting and auditing also makes for an eligible candidate for a Forensic Accountant.

To become successful in the Finance career, one should first work under an expert Forensic Accountant as it will provide them with insights about this career. The necessary skills required for the role of Forensic Accountant are:

  • Analytical aptitude
  • Attention to details
  • Communication skills
  • Persistence
  • A knack for finding loopholes
  • Compliance with ethical code of conduct, etc.

Forensic Accounting in India

As India is a country where monetary frauds and scams are common in business organizations, RBI has made Forensic Accounting audits mandatory for all banks. A Serious Fraud Investigation Office (SFIO) has been established which has boosted the growth of this sector and enhanced job opportunities. With the growing online frauds and cyber-security breaches, the demand for Forensic Accounting professionals is increasing.

The income in this field is also quite lucrative. The average salary of Forensic Accounting professionals is around INR 984,533 according to payscale.com.

One can find jobs in this sector through related titles like Fraud Analyst, Risk Analyst, Fraud Investigator, Anti-Money Laundry Analyst apart from the usual Forensic Accountant title. The salary incentives grow with the number of years of experience in this field.

Conclusion

Given the present scenario of financial irregularities in the country, Forensic Accounting has a very bright future. Also, the lack of qualified and experienced Forensic Accountants in India makes this a very valuable career for students to pursue.

Related Article:

https://imarticus.org/what-is-a-financial-analyst-course/

Tips for Cracking Financial Analyst Interview

Posted on by Imarticus Learning

There is a certain glamour attached to the job of a Financial Analyst, it is a vital part of strategizing within any organisation. They are the ones who guard the secrets of the given organisation, and with all the data and analysis, they are able to guide establishments in making the right decisions.
Any profile of a financial analyst will have to be relevant in three areas, Education, Experience and Professional Credentials. Education could be either from finance or any other field with related certifications like CFA. Experience depends on what the organization is looking for I.e., a junior or senior analyst. And lastly, Professional Credentials will be the knowledge you have in the given field or role.

Here are the tips for cracking Financial Analyst Interview

Understand the position

Before one gets into what to expect, you, as a candidate need to be clear about the position you are applying for, financial analyst could mean different things in different organisations hence you need to read the job description of the organisation you are applying into, and understand the role responsibilities in detail before you face the interview.

Prepare for the Interview

Every organisation which is hiring, after the initial screening will like to understand if an applicant has the right skills to excel in the given role.
To assess the same, an interview will most often revolve around three stages,
(I) Experiential Situation (II) Specific Role Based Questions & (III) Behavioural Questions.
An interviewer could start the interview in any format, from behavioural to technical or vice versa. Your handy tool will be to prepare and anticipate the questions.
A detailed research on the interviewer and the organisation that they represent will be one factor that might or will differentiate you from the pack.
There are specific answers and feelers that the HR and the process owners need to get from an applicant while considering to fill the position.
Behind every stage of an interview, the questions are asked to get an insight of a candidate’s ability and overall talent that they promise to bring to the role.
Read on to understand….

Experiential Skills

  • An interviewer is trying to gauge your reaction in a given situation. Today, an expectation from a financial analyst is to be good at marketing, along with other technical skills, yes! That is right, building a great strategy is wonderful, however, if you are unable to communicate the benefits to the non–technical audience, the battle is only half won.
  • Not only communication skills but, persuasion and passion for your job are what is being examined here. Efficiency in thought, ability to come up with valid approaches is what the interviewer is looking for. Remember, there are no right or wrong answers here, it is how you are able to convey what you are saying is right, that matters.
  • The more you marry your answers to, financial, logic and technical skills, the more your theory will have an impact.

Specific Role Based Questions

  • This is the part of the interview where you need to throw some serious financial jargons and explain the relevant financial methods, into explaining how and why certain reports need to be generated.
  • Brush up your financial skills, review all the application areas, and try to make a case study of whatever information you can gather about the organisation, through research. There is nothing more impressive than you are linking the company’s situation as an example in answering questions
  • Certain interviews would also give case studies, hence ensure that you know the technology you apply to your financial analysis. Practice concepts of actual financial statements.
  • You need to be clear on the headers you should look at while explaining a report. Clarity in financial fundamentals and ratios should be maintained while answering questions.
  • Also linking your answers with similar projects you have done in the past or read up about would be great.
  • Lastly, an interviewer is also looking at the excel and technical proficiency in generating appropriate reports. After all, a major portion of your time will be spent doing repeated procedures.
  • The question here is generally based on understanding if your practical knowledge matches what is mentioned in the CV. maintain congruence in what you say.

Behavioural Questions

  • Questions in this category are basically to understand your personality. Speak about your career goals and personally how do you see yourself grow in the role while working for this particular company.
  • Focus on your positivity, on how you handle failures or missed deadlines, flexibility in working as an individual contributor or with a team, commitment to putting in long hours etc…,
  • Speak about your success, from failures in particular, which shows patience, maturity and resilience.

Look Sharp, Confident, and let your skills speak for themselves!

Also Read: What Do You Need To Learn To Become Financial Analyst

Fundamentals of Forecasting – Basic Modeling Hygiene – III

Posted on by Imarticus Learning

By Reshma Krishnan
We are continuing to understand the Fundamentals of Forecasting. Please click here for Part 1 and Part 2.
Many aspiring candidates ask us what is so special about the FMVC program at Imarticus Learning. After all, shouldn’t an MBA suffice? The problem with MBA’s, regardless of which school you go to, is that they don’t teach you role specific issues. For instance, they don’t have specific modeling modules. They will have a forecasting module but they won’t teach you how to model or how to forecast step by step. In the Financial Modelling and Valuation Course (FMVC), India’s leading Forecasting and Financial Modeling program, we teach you the minutae and we go into specifics. One such specific is modeling and forecasting hygiene.
Hard Coding- the model users bane.
This is the first thing I teach in modeling class. Hard Coding is essentially a stand alone number in a cell, which has no back up. It says nothing about the number. You must never hard code a forecasted number because the forecast is always done on the back of an assumption, which has to be modeled in. Hard coded numbers are usually past data, actual data that has been verified and been the result of auditing. A forecasted number should always be a linked number from an assumption.
Colour Coding
Staying with hard coded numbers, it always helps to colour code. In fact, in my class, I mark an assignment zero if it is not colour coded. Red hardcoded number tells me that the forecaster had no option but to hard code. All actuals should be in a different colour to forecasts and all delta numbers, that is the variable you are using to arrive at a forecast needs to also be in a different number.
Give the delta its own cell
Let’s say you want to increase the sale of pencils in 2017 by 10% from 2016. You have two ways to do it.
=(2016 revenue cell) x 10% +(2016 revenue cell) = 2017 revenue.
Or
You create a special cell for 10%
= ((2016 revenue cell) x (10% cell) )+(2016 revenue cell) = 2017 revenue.
Here I am assuming that revenue is growing by 10% . This helps me change the delta as I see fit which then changes my model. The delta is the rational for my model. If you hide it within a formula, I have to constantly look at formulas to find my assumptions.
Learn more about Forecasting by joining our course, FMVC,Financial Modeling and Valuation Course, India’s leading program in Financial Modeling and Valuation and focused on improving your chances on having a career in Investment Banking or Equity Research.

Fundamentals of Forecasting – the Basic Premise of Forecasting – II

Posted on by Imarticus Learning

By Reshma Krishnan
We are continuing to understand the Fundamentals of Forecasting. Please click here
The fewer the assumptions, the stronger the forecast – at least in the beginning when you are learning how to model. Most investment Banking models end up running into 40 assumption sheets, each linked to another. While you might believe such minutiae makes a difference, it’s almost always just to make yourself feel better. Yes, your ability to understand every cost element is good, but its futile if your understanding of the industry works or its cost structure is weak. Key assumptions built into the forecast can also be lost, like trees in a forest. Links can be very hard to find. A simple forecast on the other hand helps you understand what drives basic line items while giving you the ability change basic assumptions. So for instance if you are forecasting the cost of a cup of tea, you break the cup of tea into its major elements, milk, tea, sugar. Three basic drivers, but if you decide to link the price of tea not to the retail rate but to an auction rate that is further linked to an auction house pricing, there are many chances your Financial Analyst coursemodel will be faulty for no tangible benefit.

Forecasting is hard- if it wasn’t, financial modeling and forecasting would not be the number one skill required in financial services, especially Equity Research, or the most popular program in Financial Services Education. It requires patience and a deep thorough understanding of the industry. Forecasting is what Equity Research Analysts do all the time which is why Equity Research Analysts are industry specialists. You won’t find an analyst doing both steel and retail e-commerce. If you are not detail oriented, you are not going to be great at forecasting.
Your forecast is as good as your data, or your weakest link- using solid numbers always feels like an attractive proposition. Investment Bankers love to receive solid data from the clients. Equity Research analysts love to receive solid numbers from the industry or a company but what data do you trust. How often do you use that data? Can you remove the bias in the data. Data you receive from clients will almost always be optimistic, same with industry. Data you receive from Private Equity will almost always be pessimistic. There is bias in every data and your job is to remove bias.
Learn more about Forecasting by joining our course, FMVC, Financial Modeling and Valuation Course, India’s leading program in Financial Modeling and Valuation and focused on improving your chances on having a career in Investment Banking or Equity Research.

What Can You Do with Your FMVC Certificate?

Posted on by Imarticus Learning

The great thing about short programs in Financial Services at Imarticus Learning is that you learn skills that can be ‘applied’ rather than just theory, or even cases that are general in nature. We offer one of the leading professional courses in Financial Modeling in Mumbai, which allows you to pursue multiple career opportunities.

Learning Financial Modeling and Valuation is extremely important when you are pursuing a career in both Financial Services and Corporate Finance. The ability to forecast financial statements and build a robust model that is dynamic and clearly reflects underlying assumptions is imperative. The more robust your model, the more accurate your analysis and therefore your company or asset valuations.

Financial Modelling and Valuation is a skill useful across careers like

  • Investment Banking– A good investment banker is at heart a good modeler and someone who is able to fundamentally value a company.
  • Both valuation and forecasting is both a science and an art, therefore you not only need a strong grasp of the fundamentals but an intuitive understanding of their limitations to be able to model and value effectively.
  • Investment Bankers create Financial Models to help make Pitch Documents, Information Memorandums and create scenarios that will help them fine tune valuations. They need to forecast cash flows to be able to do a DCF as well as future Profitability numbers which they can apply multiples to.
  • Private Equity and Venture Capital– As investors, Private Equity professionals need to be able to create financial models of prospective companies they want to invest in to be able to both value as well us understand future cashflows which will determine valuation at exit. Private Equity professionals also have to learn how to create specialized investment specific financial models like Leveraged Buy Out models which will also incorporate the debt into future cashflows to arrive at optimum valuation once you build in exit multiples etc.
  • CEO’s– Financial models are prepared by CEO’s and controllers for both budgeting and funding purposes. Models help finance teams understand cashflow requirements which help them manage their treasury better. Financial Models are also critical to valuing mergers through building in synergy. We call this merger models. Merger models will involve combining the future cashflows of two companies to understand synergy potential that arises out of various economies of scale. This synergy calculation will help in valuation and calculation of control premium
  • Equity Research- Financial Modeling and Valuation is a critical element in the Equity Research toolkit. Equity Research analysts do fundamental analysis to help recommend a ‘buy’ ‘sell’ or hold on a stock. They do this by understanding the industry fundamentals, doing porter’s analysis, and applying these dynamics to a Financial Model which will help them value the company down to the price of a share at any point in time. Their expertise in an industry helps them fine-tune the model.

Financial Modelling and Valuation is also critical to project finance, corporate banking and essentially any role in Corporate Finance which makes FMVC the most career orientated financial modeling course in Mumbai and the most seful certification to help you enhance your resume and kick start your career.

Overview of Careers in Finance

Posted on by Imarticus Learning

The field of Finance is often said to be all about the science of money management. A career in Finance would entail coordinating between assets and liabilities. The finance industry is popularly known to provide lucrative careers and demand intellect of the highest order. As a rule, this prestigious industry attracts a lot of aspirants looking for a career with great opportunities.

Possession of just a graduate degree thins the chances of getting into this field. Thus, it becomes important to either be an MBA or have a higher degree to guarantee a smooth entry herein. There are many courses like certification programs in investment banking, courses in corporate finance and so on. There are a lot of programs offering training to clear various finance exams and acquire certain designations and licenses. Lately a lot of institutes have started offering programs to clear the CFA exams (Chartered Financial Analyst) as well as for the license required to enact certain kind of transactions. One can go for any such short term or long term course to enhance their resume and better their career prospects.

Investment Banking is the most sought after career in Finance. Today, Banks are no longer limited to being agents of withdrawal and depositing of money. There are many types of banks like the investment banks, which act as financial advisors to firms, hedge funds wherein the money of wealthy individuals and companies is managed, the difference here is that there are huge risks taken when it comes to buying and selling public stocks.

Then there are Private Equity firms, which instead of buying securities (stocks) by entire corporations and make convert them into private entities. These firms then either get the corporation entirely under their own banner, or improve their financial situation to earn profits. There are also real estate firms which have their dealings in buying or developing already existing real estate projects. There are firms which deal in ‘real money’ which go on to invest money in various firms to reap the benefits of the same.

There are a lot of roles that a career in Finance offers and a college degree is not always required for them. There are a lot of aspirants, who tend to start off a stint with banks and then after a considerable experience, move on to get a MBA degree. It is imperative to know that investment banking jobs usually have cut-throat competition and roles here include mergers and acquisitions, providing financial advices in terms of financial modeling, evaluation of the firm and so on.

Financial analyst and Financial Advisors also are jobs of substance, if one is very interested to work with data and draw relevant insights; the former career is always preferred. The job profile of a Financial Advisor, with the flexibility of the work and the proximity to the clients as well as the fact that the competition is less, is chosen by quite a few. There are many other career profiles like working for hedge fund firms, private equity firms, portfolio managing jobs, trading, analyst jobs etc. There are also Investment Banking Media jobs, where someone with great communication skills and a sparkling knowledge of the market can work with media houses.

The field of Finance offers high quality careers which demand individuals with great intellect and motivation, in addition to the challenging environment and great compensation. The fact that there is such high competition to get into this field, goes to prove that one needs to have refined skill set for the same.

Imarticus Learning is a renowned education institute offering a host of short term and long term courses in investment banking, corporate finance and more.