Anti-Money Laundering: What Is It And Why It Matters?

Posted on May 18, 2021March 22, 2024 by Imarticus Learning

Did you know that global money-laundering transactions are estimated to be worth $1-2 trillion?

Money laundering is one of the biggest issues plaguing the global economy. Companies all across the world look for ways to counter this problem. Money laundering hurts the capital market and makes it difficult for organizations to thrive.

Hence, organizations rely on investment banking professionals to protect the capital market. In the following sections, we will cover the issue of money laundering in detail and learn how companies use anti-money laundering (AML) procedures to counter this issue.

You will also find out how you can become a part of the solution by enrolling in Investment banking courses in India.

What is Money Laundering?

Money laundering is a significant financial crime. It refers to the process of legalizing money that has been obtained illegally. It focuses on hiding the nature, source, and act of a crime to give it a legal image.

Some of the illegal activities that utilize money laundering are terrorism, corruption, drug trafficking, and human trafficking. Governments and companies all over the world strive to combat this issue as it damages the economy and society as a whole.

What is Anti-money Laundering?

Anti-money laundering refers to the provisions and procedures companies use to prevent money laundering in their organization. One of the most popular AML procedures is KYC (know your customer).

In this procedure, a company requires its customer to verify their details such as an address, name, and ID. This way, the company can mitigate suspicious transactions. And, if a customer performs one, it can track him/her quickly.

There are many AML procedures and they help a lot in combating the issue of money laundering. However, industries require professionals that are well-acquainted with the advanced AML procedures.

How you can get involved?

Money laundering is a big issue and one of the best ways to combat this problem is by learning the necessary compliance and skills.

If you are interested in pursuing a career in finance, then you should take a course that covers anti-money laundering provisions and procedures properly. This way, you would be well-equipped to combat this problem at the organization you work in.

The best way to go about this process is to join investment banking courses in India. Most reputable investment banking courses in India cover AML procedures along with the basics of investment banking.

Before joining a course, be sure to check its crucial details such as the investment banking course fees, duration, and modules. After completing investment banking courses in India, you can apply for high-paying roles in the finance sector and help organizations in protecting and growing the capital market.

AML implementations help companies in mitigating money laundering activities. However, they require the expertise of skilled professionals to do so.

You can become a part of the AML solution by enrolling in relevant investment banking courses. If you are interested, then check out Imarticus’ Certified Investment Banking Operations Professional (CIBOP) program to get the right direction.

How Do Imarticus Online Internships Help in Students’ Learning And Placement?

Posted on May 3, 2021April 25, 2024 by Imarticus Learning

The online-driven workplace that businesses currently employ ensures the availability of countless career opportunities. And, the ones with technical skillset requirements are getting quite some traction.

Notably, the demand for such career options seems to be growing even in the near future. Considering this, there also comes a demand for skilled students ready to take the industry by storm.

While there are multiple ways to gain the required skill set for a job opportunity, the best of them are acquiring certifications and taking online classes or courses.

Besides, it is always better to have hands-on experience in your domain before entering a permanent job. And, internships are the best way to gain the required skills and desired attitude to excel in a job.

Why go for internships?

Nowadays, employers expect a candidate to be the best in skillsets when they just enter the organization. So, they have to invest less time training them. In order to gain a moderate to the professional level of skill set before even entering a job, internships are the best way. This is the reason internships are always recommended.

Now, let us take a look at how you will be benefited from an internship.

Real-life, industry-based projects: Though study programs, including offline and online learning modes, tell what your job will actually require you to do, in real life, organizational projects are way more difficult and challenging. So, once you get into an internship, you will be given a real-life experience of such projects. It would be really difficult to perform tasks initially. But, with the help of your team members, you will be able to complete your tasks and overcome challenges, thereby improving your skills and enhancing your knowledge in the process.

Proper personal exposure: During an internship, you are exposed to much more than just technical issues. That is, you will get a guided exposure to company conferences, meetings, discussions, etc. This way, you will be meeting people from several departments. All the above will help you gain an understanding of how an organization runs and how various people and departments interact with each other. This will give you a good experience in business understanding and interpersonal skills.

A chance to develop your skills: You will be put through various projects where you will be facing different types of challenges in almost every step. To get the work done the right way, you will need to communicate with your team members and heads. This will help you acquire information on the process. Also, this will help you improve your communication skills. Further, internships offer opportunities to improve your skills related to organizational operations and project management.

By the end of an internship, you would have gained proper knowledge about organizational working, project plans, and essential technical and communication skills required for project progress and completion. With practical exposure, internships in association with theoretical knowledge of the domain offer the much-needed push to be the desirable candidate during placement drives or walk-in interviews.

Does Corporate Finance Excite You? Here Are Some Investment Banking Courses Which Will Help You Achieve Your Goals

Posted on April 17, 2021January 13, 2023 by Imarticus Learning

Be it the high-pay or the extravagant lifestyle of investment bankers, graduates have largely started to gravitate towards investment banking. If you are attracted to this job profile or interested in this field, then you may want to select an investment banking course that is right for you.

Investment banker courses have now been tailored for both graduates and postgraduates to enhance their knowledge and make them a good fit for the banking sector.

Eligibility to Become an Investment Banker

Before applying for an Investment banker course, you need to evaluate whether you have the essential qualifications to apply for the same. Investment banking courses online usually look for –

Graduates and postgraduates (degree in finance, mathematics, engineering, analytics, accounting, and economics is preferred)
MBAs
Chartered Accountants
Working professionals in the field
Financial Risk Managers or Chartered Financial Analysts

Investment Banking Courses

Investment banking courses in India will boost your financial aptitude and give you a good knowledge of the market you’re about to work in. Here are some of the best investment banking courses online that you can choose from to boost your expertise in the field –

Certificate in Investment Banking Operations from with LSE (London Stock Exchange Group)

This course will give you an in-depth knowledge of investment banking and its complexities. It is one of the investment banking courses with placement on the market. Plus, it comes with a CIBOP certificate which makes it one of the best investment banking courses in India.

PGDM Capital Marketing

This program will be good for you if you are looking for a shorter investment banking course duration. Plus, another upside is that it takes on any graduate from a recognized university and inculcates the knowledge of an investment banker in them.

Post Graduate Program in Financial Management

This program is a prestigious course offered by the Chennai Business School. It offers knowledge of various subjects relating to the field such as corporate laws, financial statement analysis, financial modeling, and business intelligence. The course in itself is good but the investment banking course fees for this program are pretty hefty.

MBA in Masters in Financial Management

It is a part-time banking course after graduation which will give you in-depth topics like financial accounting, business management, cost management, managerial economics, financial management, research methodology, taxation, business law, and financial planning. The investment banking course fees are not much, but it is spread across a timeline of three years.

PGDM (BM) Finance

It is a course approved by the AICTE (All India Council for Technical Education). This program is also recognised by the Association of Indian Universities (AIU). It will give you enhanced knowledge on the subjects of finance, tax and business. The course covers topics like commercial banking, insurance, wealth management, export finance and credit management.

Masters In Financial Management (MFM)

It is a two-year course accredited by the NBA (National Board of Accreditation). It takes on any graduate with a three-year degree recognized by the Association of Indian Universities (AIU). Topics like accounting, tax and financial markets are deeply taught in this course.

PG Diploma in Finance Management

This certificate in investment banking course details is not much as it has a one-year duration course with only two semesters, which makes it one of the shortest courses in the field. It gives you a good understanding of the financial market and enhances your present knowledge.

Completing investment banking courses after graduation can make your job as an investment banker more exciting and challenging for you. You don’t need to look for investment banking courses with placement. You just need to look for an investment banking course duration that suits you. If you complete any of the investment banker courses, the right job will come looking for you.

How Do Traders Working On The Cloud And Data To Cope With The New Normal?

Posted on April 14, 2021March 21, 2024 by Imarticus Learning

COVID-19 or coronavirus is spreading like wildfire throughout the world. And, this even forced the World Health Organization (WHO) to declare it a pandemic. Ever since this disease was spotted, countermeasures have been set to curb its spread effectively. One such way is social distancing.

Because of social distancing and worldwide lockdown, the world’s foundations shook from within. And, it wasn’t late until this shockwave reached the stock market. In fact, both the trade life cycle and banking courses after graduation have taken a huge hit as well.

To do their bit, financial institutions like the New York Stock Exchange (NYSE) have closed their doors to traders for the first time in history. Things are only slowly returning to normal, and a few traders are allowed on NYSE. However, most of the traders are forced to trade from home and find online alternatives for conventional processes.

Cloud offers a lucrative opportunity for anyone looking to trade online. Traditional problems like lack of storage space, security concerns, and connectivity issues have all but disappeared in the cloud era. Statistics state the same. With an online chatting interface, apps providing a secure interface for traders have seen a substantial rise during the pandemic. Let us see how traders are using cloud services in great detail.

How are traders using the cloud?

Stock trading should never come to a halt because it has the power of crumbling economies. The COVID-19 outbreak can thus be considered a major test. Thankfully, traders are armed with the power of the cloud in today’s world.

Data is the central part of any trader’s life. It is even more important to store and analyze the information correctly. Traders are increasingly using cloud solutions to store their data and run their models. The processing power of cloud computing allows them to quickly run multiple analyses like risk assessment within a matter of minutes as opposed to hours or even days from conventional means.

Cloud also allows for better traffic management. Traders can be seen leveraging the cloud to tackle any amount of traffic effectively. Mainly because the cloud is a scalable entity, it can quickly go up and down depending on the actual amount of people using it. Moreover, cloud computing offers a cheaper solution to many problems associated with stock trading.

Not to mention, it provides the ability to analyze customer demographics, which allows for targeted solutions for a particular section. So, not only does the cloud act as a cheaper alternative but on top of that, it also improves profit margins.

In the search for normalcy, traders are looking towards the cloud to provide them with solutions. We are fortunate enough to live in a time where we have enough computing prowess to shift the base of operations online. Not only does it allow us to fight the virus but it also provides some benefits overall. In the future, we can expect cloud computing to take up a major role in the trading market.

How The Fintech is Transforming Everyday Life?

Posted on April 3, 2021April 1, 2024 by Imarticus Learning

What is Fintech?

The Finance industry has undergone some massive transformations to improve the delivery of financial products and services to customers. The evolution within the financial services industry has been nothing less than phenomenal. One of the most impactful developments in this segment is the Fintech sector that has totally revolutionized the banking and finance industry.

Fintech is the amalgamation of finance and technology that helps to overcome all the challenges of the traditional banking sector. Fintech is among the most rapidly growing industry and the Best Fintech Course in India is in huge demand in the contemporary.

The Fintech industry is all about leveraging cutting-edge technology to solve traditional banking problems and help with financial inclusion. It is generally used by businesses to manage their day-to-day financial operations and processes.

It initially denoted the use of technology on the backend of financial institutions but slowly developed into a new segment altogether that is more effective in providing financial solutions to businesses and individuals. From retail banking to fundraising and investment management it includes all major aspects of banking and financial services.

Impact of Fintech on everyday life

Now that we have a fair idea as to what the Fintech segment is all about, let’s delve deeper into how Fintech is transforming everyday life.

Easy banking solutions

Gone are the days where people used to take a day off to conduct their banking-related activities. Long queues are a thing of the past and now one can easily avail all the banking features from the comfort of their home using their smartphones. Fintech has simplified banking and changes the way we operate altogether.

From making online payments for e-commerce purchases to availing loans with just a few clicks, Fintech has simplified our lives by transforming the banking segment. Personal banking-related services have been much more efficient and convenient to avail. You can even check your financial data at any time of the day.

Blockchain & Cryptocurrency

Cryptocurrency will shape the future of the finance and banking industry. The core technology at the heart of cryptocurrency is blockchain. Blockchain first became evident to the world when Bitcoin was introduced. Blockchain has other significant uses in the finance industry related to security and other purposes.

A cryptocurrency is a form of digital money that uses cryptography to secure transactions. Digital currency makes the transfer of wealth far easier between two parties. The highly decentralized nature of blockchain makes it almost impossible for users to cheat the system and carry out any fraudulent transactions.

Affordable investment advisors

The Fintech industry uses cutting-edge technology to overcome traditional financial challenges. Traditionally the investment advisory services were limited to high net worth individuals and businesses. A major reason for this was the high-fee structure of investment advisors.

The growth in the Fintech sector has made Robo-advisors more accessible and affordable to provide advisory related services by using sophisticated algorithms. Robo-advisors have shown significant improvement and perform equally well. In the coming future, more companies will deploy Robo-advisors to provide investment guidance to customers on a large scale.

Fintech is among the most rapidly growing industries as the demand for Fintech products and services is on the rise. Fintech provides a better way to do financial transactions and also does it economically saving time and money both for the customers.

Fintech careers are among the most sought-after career options in the contemporary and the demand for Fintech professionals will continue to grow in the near future.

One can opt for a Fintech course from reputed institutions like Imarticus Learning and gain practical knowledge and skills to excel at the job.

Imarticus Learning also provides a job assurance to the candidates with the top players in the industry.

Top 5 Courses From Imarticus That Empowers Women!

Posted on March 6, 2021April 25, 2024 by Imarticus Learning

The 21st century is all about progressiveness; and one of the most important ways, by which this is ensured, is by women empowerment. Throughout history, we have seen the oppression of women. However, in this new age, we strive for equality. Education is an integral part of advancement; and thus, we will venture into the top 5 courses provided by Imarticus which empowers women.

Post Graduate Program in New Age Banking

Currently, job trends in the market are thriving in the field of banking. Hence, comprehensive Banking and Finance Courses can be extremely beneficial for women.

The Post Graduate Program in New Age Banking course of Imaticus in the banking sector ticks all the boxes as it provides two great courses – an 11-month PGP in new-age banking and a 2-year NMIMS PGDBM course in Banking and Finance Management. Added benefits from Imaticus involve a dual certification along with excellent placement with lucrative increments.

Professional Certificate in Fintech

Finance and Technology go hand in hand; and in this modern age, this integration of technology with finance plays a major role in the Finance industry.

Hence, a great opportunity for any woman would be to take a course in Fintech online training. Going forward, this comprehensive FinTech course of Imaticus can open new horizons in one’s life by involving one with Cloud Computing, Blockchain, Machine learning, etc.

Post Graduate Program in Data Analytics

This fast-paced world relies on data; and hence, one of the major subjects which is currently in the limelight is Data Science.

Imarticus provides a PGP Data Analytics course that can help one to join a leading MNC and hold the company’s helm. With a huge job demand in the field of data science, this can be an excellent opportunity for someone who is a fresher or has a nominal experience of three years to learn tools like Python, SQL, PowerBI, and Hadoop.

Post Graduate Program in Analytics & Artificial Intelligence

With the world revolutionizing at a fast rate, Artificial Intelligence is going to the new normal in the coming years.

We have already seen the use of AI in computers and mobiles so why not study something which will be mainstream in the coming years? A comprehensive Analytics and Artificial Intelligence course provided by Imaticus along with dual certification can bring lucrative opportunities to your doorstep.

Post Graduate Program in Digital Marketing

The modern age deals comprehensively in digital media like social media platforms, and owing to the rise in social media outreach, digital marketing has taken the job market by storm.

For a woman who is determined to take a step forward towards success, a Digital Marketing Training course provided by Imarticus Learning will be perfect. It will not only provide a good and secure job but will also take one’s Digital Marketing Career to new heights.

Conclusion

This new fast-paced world waits for none. In these present times, a woman must be very tactful in correctly choosing her goals so that she can chase her dreams. Women empowerment can only be possible by proper education and only if women take up more jobs in high places and thus be an inspiration for other fellow women.

Imarticus Launched The Campaign – A Paid Scholarship!

Posted on November 24, 2020April 25, 2024 by Imarticus Learning

Times are highly unprecedented in the pandemic. But many of us have bravely fought the COVID war.

Our frontline workers have put their lives on the line and made countless personal sacrifices for dealing with this situation. At Imarticus Learning, we salute all these warriors.

We are honored to launch our new campaign – ‘The Joy of Giving’ For Providing 100% A Paid Scholarship” to professional tech-based training courses to COVID warriors and their dependents.

The scholarship is aimed at motivating the learner in you.

There are various ProDegrees available on the scholarship covering different disciplines.

You can choose from:

Data Science Prodegree – Knowledge partner KMPG

Financial Analysis Prodegree – In collaboration with KMPG in India

Digital Marketing Prodegree – Industry knowledge partner Digitas

Credit Risk and Underwriting Prodegree – In collaboration with MOODY’S Analytics

All the programs are for in-demand professional careers and will provide you with the necessary skills and knowledge to break into them and secure a bright future for yourself.

Data Science course is one of its kind program in India that provides data science online training with a cutting-edge curriculum, case studies, and real business projects.

It will equip you with practical knowledge of working with data analytics tools like Python, R, SQL, etc. This course can open doors for a variety of data science careers like Data Analyst, Data Scientist, Machine Learning Engineer, Data Visualization Specialist, etc.

The Financial Analyst course is a skill-building program that covers various core concepts within the financial analysis domain such as Accounting and Financial Modelling, Equity Research, M&A, Job Readiness, Valuation and Corporate Strategy, etc.

After finishing this course, students can build a career as a Financial Analyst, Corporate Finance Manager, Asset and Wealth Management Associate, etc.

The Digital Marketing course offers hands-on knowledge and experience of working in the digital marketing domain through its industry-specific projects.

The curriculum includes brand case studies, simulated projects, real website capstone projects, and industry mentorship, to name a few. The Digital Marketing Training will help you in getting job roles like Performance Marketing Manager, SEO Specialist, Content Strategist, Social Media Manager, etc.

The Credit Risk Underwriting course is focused on providing an in-depth understanding of credit underwriting, lending landscape, credit administration, legal and regulatory requirements, etc.

The program not only prepares you for a future career in credit risk underwriting but also provides placement services to help you build a substantial career in this field.

After the end of this course, you will be eligible for many careers including Operational Risk Manager, Risk Analysis Researcher, Credit Financing Manager, Credit Analysis Associate, etc.

Anyone who fulfills the eligibility criteria for the COVID Warrior scholarship can nominate themselves or anyone they know for a paid scholarship for these programs. The nomination process is quite simple.

All you have to do is follow us on Social Media –

And tag yourself or someone you want to nominate using the #ImarticusScholarships. There is no limit on nominations. You can nominate as many people as you want. The team of Imarticus will reach out to you with the next step of the selection process.

All the nominees will be required to submit an essay on the experiences of their fight against coronavirus. The Imarticus selection panel will choose the best 25 essays among them. They will be asked to provide attestations of their Supervisors/Reporting Managers/Head of Department certifying their societal contributions during the pandemic.

Afterward, the shortlisted 25 essays will be featured on Imarticus Learning’s social media handles. The top 4 essays that will generate the maximum engagements from audiences will be offered 100% paid scholarships for the Prodegree programs.

The last day of filing your nominations is Sunday, 29 November 2020. So hurry up!

Don’t miss this great chance of learning with #ImarticusScholarships

A New Era of Fintech With Customer Engagement!

Posted on October 26, 2020March 26, 2024 by Imarticus Learning

The term fintech is an amalgamation of finance and technology. Thus, when financial institutions use technology to offer financial services, it reflects the fintech course of functionality. According to EY Global Fintech Adoption Index, India has the quickest growing fintech market with an 87% adoption rate. Other countries have an average of 64%, which is comparatively lower.

Recently, RBI shifted focus towards fintech industries by creating a special department that only caters to this. By 2026, the digital payment market is estimated to reach $10.7 trillion and make the economy cash-free. Policymakers are making online payments safer to build trust among customers.

How is India growing the fintech course?

The most trustable financial institutions are banks. Thus, when banks collaborate with growing fintech companies, customers are more likely to trust them too. Many growing companies in this niche approach banks to work hand in hand. If approved, they have a massive consumer base to expand their market. Moreover, when banks collaborate with such financial institutions, their joint expertise can make customers’ lives easier.

Secure digital payments

Due to strict guidelines set by the Reserve Bank of India (RBI), digitally running financial companies have to enable high security for payment processes.

The most crucial part is keeping customer data safe. Cyber threats are constant challenges, so strengthening payment gateways is a priority.

The companies must create awareness to educate their customers about making safe digital payments. They must give details on how to protect their information. Moreover, doing this can make them more reliable for their customers.

Tech providers use API-based systems to ensure complete security. They incorporate features like tokenization, risk-based authentication, and interceptors to maximize safety. These features safeguard customer’s personal information from cyber threats. As India is rapidly growing in terms of digital payments, such security measures need to work efficiently.

Increasing digital transactions for rural areas

Since the pandemic began, people became a lot more conscious about payments. More and more like to use payment wallets instead of carrying cash or cards, to limit touch. However, India’s rural areas still prefer dealing with cash instead of digital modes and depend on local banks for their regular financial requirements. Some of the crucial reasons behind these are:

Lack of education and technical know-how
Limited digital infrastructure
Fewer merchants using digital methods to accept payments

In such a situation, fintech companies can play a significant role by associating with local banks.

They can provide infrastructure for digital payments and increase awareness among rural consumers to build their trust.

The co-operative financial institutions can help merchants incorporate online payments in such places. They also need to widen possibilities by educating them about offline payment solutions like QR codes and PIN. Such features can work in areas with poor internet connectivity. Thus, these measures can help co-operative banks upgrade faster and offer complete security.

Modern banking improves experiences for end-users

Just how digitalization makes things easier and quicker, customers expect financial institutions to keep up with the pace. As a customer, you will want the fintech course to be personalized and hassle-free.

On one hand, RBI makes sure that digital payments became more secure and keeps fraudsters away. On the other hand, finance companies strengthen their technology base to provide seamless solutions.

With artificial intelligence, machine learning, and Big Data, the companies understand their customers closely. They can serve them in real-time and offer instant solutions.

With robust API solutions and top-notch security, the financial institutions aim to provide a high success rate for online payments. Thus, these measures will enhance customer experience and make money management more effortless.

How and Where To Find a Fintech Career in COVID -19?

Posted on October 19, 2020March 26, 2024 by Imarticus Learning

Introduction

The fintech sector is witnessing a lot of upward mobility. They have completely disrupted the traditional banking services and are providing banking services right on the fingertip of customers. The recent Covid-19 pandemic has taken its toll on almost all the sectors. But, in the fintech sector, technologies are helping in automating the financial processes.

The employees can work remotely and can provide financial service to clients via online medium. There are a lot of start-ups that have launched themselves recently, they require IT & banking experts who could work with them. Let us see how one can find a fintech job amidst the Covid-19 scenario.

Where to find Fintech Jobs?

You can look for fintech jobs on LinkedIn which is a great platform. A lot of firms put their job requirements on this platform and people can apply themselves for any particular job role in the fintech industry.

There are a lot of job opportunities in the fintech sector, and you should keep searching on corporate social media sites. There is no need to be an expert in financial knowledge, there are a lot of other job roles in the fintech sector which need IT-experts. Fintech has adopted a lot of new technologies like machine learning, artificial intelligence, etc. They need deep-technology experts who can make better algorithms.

Tips for Finding a Job amidst Coivd-19 Scenario

• Keep yourself connected to the market. You can apply for jobs via LinkedIn, mail and you should keep doing it. Let people know your skills beforehand.

• Keep your business profile & C.V maintained. You can display your acquired skills on your profile so that people could reach out to you with a little bit of prerequisite.

• There are various job roles in fintech, make sure to analyze your skills and apply for that job role. It will help you in getting the job easily. Make sure you keep yourself updated with various job roles in fintech like Customer Support Executive, Software Developer, Financial Analyst, Data Scientist, Business Analyst, etc.

What to do?

• If you have a bachelor’s degree in finance, accounting, or economics, then it is best for you to go in the fintech sector. There is no compulsion of getting a degree to enter the fintech industry.

One can know more about the fintech sector via online Fintech courses available on the internet. Many prominent courses/certifications also come with hiring chances.

Make sure you have some education/certification before entering in the fintech industry, it will help in your upskilling.

• A job seeker in the fintech industry should analyze one’s skill set. Make sure that you have skills like analytical skills, programming skills, etc. One can also learn about machine learning, blockchain, deep learning, etc.

There are also jobs for cybersecurity in the fintech sector. The more skills you have, the more valuable you will be as an employee.

Trends in the Fintech Sector

One should be aware of the trends in the fintech industry if you are seeking for a job. This will help you in learning new technologies and be updated about the industry. Some of the latest trends in the fintech industry are:

• Platform as a Service (PaaS) is being adopted by many fintech firms.

• Usage of artificial intelligence, machine learning in automating processes like credit report generation, customer support, etc. It helps in cost optimization.

Conclusion

This is the right time to start building your Fintech Career. A lot of new companies and old giants are witnessing major growth. The fintech industry is predicted to grow at a massive annual growth rate of 24.8% until 2022. This was all about how one can find a job in the fintech industry.

Interview Questions You Need to Nail to Work in Wealth Management!

Posted on October 19, 2020March 21, 2024 by Imarticus Learning

Take any wealth management interview training and you will see a mix of questions. Some questions will be about the subject or an associated theme while others will focus on ethics. Some others will be about your interpersonal and soft skills, which are equally important for you to both land and pass a job interview.

But detecting the most important questions and answering them in a way that floors the interviewer is what will set you apart. Here are six such questions and how to answer them like a pro.

6 Critical Wealth Management Interview Questions

This is a mix of two topical questions, two about finance in general, and two about ethics. Let’s go.

What is the most important factor when recommending an investment instrument to a client?

You are supposed to be a bit diplomatic here because the answer is in the plural. Both the earning potential/in-hand capital and the end goal/s are important. Only when you know what the investment figure is going to be and for what purpose can you recommend an instrument that will be ideal for that scenario for that person. A third factor would be the investor’s age.

Or you can choose to answer this using an example. In that case, you can give a single answer and impress the interviewer. For instance, assume the age and the figure and leave the third factor to the imagination, which becomes the most important one in that example.

How can an Indian citizen explore offshore investments?

This is a tough nut to crack and will require you to have some knowledge about international investing. Use available info to provide a safe answer. If you can, detail a process out and provide examples.

Remember that interviewers love examples. So, keep feeding them with appropriate real-life examples. To learn about new topics such as international investing, explore wealth management courses online.

Do you consider insurance an investment?

This again demands a diplomatic answer. Here you can divide your answer into two:

On its own, insurance can never be termed an investment as it is used as a cushion in case of an unfortunate incident. Moreover, the returns on insurance policies are low and not appropriate when one is considering the management of huge wealth
Depending upon the age of the investor, and if he does not already have insurance, insurance may be considered an investment

Interviewers are looking at your thought process as well as subject knowledge. So, make sure you define the concepts well before providing your opinions on them.

What according to you is an underrated investment path?

This is another tricky question where the interview is testing your knowledge about different instruments. Use your judgment and pick an obscure instrument that provides high ROI and also saves in taxes. Don’t forget to answer diplomatically and use examples.

It is questions like this that makes taking a wealth management interview training worthwhile. You can learn more about the topic as well as know about different investment tools.

Would you suggest tax evasion to a client if it means creating wealth?

This is to test your stand on ethics. The answer is no, but you should garnish it with examples of how you would communicate with the client and provide better solutions.

Would you use one client’s investment information to help another client?

Again, the answer is no, but you should furnish as to why you wouldn’t do it. Providing your opinion may win you some brownie points but beware or it can also backfire.

These are some of the most challenging questions that you may be asked at your next wealth management job. Enrolling into a wealth management course won’t harm.

Tag: Finance