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Career Advice: Financial Planner or Wealth Manager!

Posted on by Imarticus Learning

Introduction

A financial planner and a wealth manager both come under financial advisory jobs. A financial planner helps in managing day to day finances of their clients whereas a wealth manager helps in preserving the current wealth and adopting sustainable development so that the financial resources may be preserved for the future.

There are a lot of differences in both these job roles and similarities too. It is up to one’s interests and capabilities that which one he/she chooses. Let us see both these careers in detail and compare them.

Job Roles

Financial planners are concerned with lifestyle planning. Their target audience is generally middle-class people or low-level companies. They help people in meeting the ends and give them advice on how to invest money in their lifestyle while saving too.

Wealth Management coursesTheir job duties include saving money for college, budgeting, retirement planning, insurance planning, etc. Their clients are normal people who want to use their income in a planned way so that they could achieve their life goals or some short-term goals.

A wealth manager on the other hand deals with HNI (High Networth Individuals) clients or Ultra HNI clients. A wealth manager helps rich businessmen/people to preserve their wealth and adopt a sustainable development process. A wealth manager analyses the market and advises his/her clients on investment opportunities. They are involved in chores like capital/revenue planning, estate planning, risk identification & management, etc. They help their clients in identifying the risks of investing in any new venture. They help in sustainably using financial resources & services.

Education & Skills Required

Wealth managers & financial planners tend to do a bachelor’s degree in economics, accounts, finance, or mathematics. However, the certification courses vary for them. A wealth manager generally does a CPA (Certified Public Accountant) course whereas a financial planner prefers a CFP (Certified Financial Planner).

Wealth Management coursesThere are a plethora of Wealth Management Courses available on the internet. However, any professional in the wealth management or financial planning sector can do both of these certification courses as there is no necessity for any one of them for getting a job. These certification courses boost your skills.

The skills needed are almost identical in both sectors. The major skills needed in the wealth management & financial planning sector are analytical skills, market analysis skills, communication skills, forecasting skills, networking skills, etc. As a wealth manager, you will need to have a large network of HNI or Ultra HNI clients in the market as compared to a financial planner.

What to choose?

If you have a natural market of HNI/Ultra HNI clients, then go for a Wealth Management Career otherwise you can opt for financial planning. Wealth management requires more networking skills than a financial planner. The salaries of wealth managers are also higher than those of financial planners.

The best criteria would be to aim for a wealth manager and if things don’t work out then go for financial planning because the skills & education required are almost identical in both fields. This was all about career advice related to wealth management & financial planning.

What is The Wealth Management Career Ladder?

Posted on by Imarticus Learning

Introduction

Wealth management is an advisory service where a wealth manager advises his/her clients in making better financial decisions. A wealth manager makes sure that financial services and resources are used appropriately to generate profit.


Wealth managers can be found in a lot of sectors like estate planning, retail banking, tax processes, investment sector, etc. A wealth manager also focuses on sustainable development i.e. using resources in such a way that they could be preserved for the future.

 

Let us see more details about the wealth management career.

 

 Wealth management Education
If you are thinking to start your career in wealth management, the first and foremost requirement is to have the necessary set of skills. You need to have a bachelor’s degree in mathematics, finance, economics, management, business, etc. You can also take wealth management courses via the internet. Many wealth managers go for a CFA (Chartered Financial Analyst) course as it helps them in gaining skills for senior wealth management job roles.

Besides education, you also need to do internships to get a basic idea of working culture in the wealth management sector. A lot of institutes/colleges offer summer term internship program or you can grab an internship off-campus. You will learn about updating client portfolios, mutual funds management, financial analysis & research, etc.

 

With the help of education & internships, you will learn about the basic skills required in the wealth management sector such as analytical skills, financial understanding skills, market analysis skills, forecasting skills, etc. Getting a good education or certification is the first process in building a successful Wealth management career.

 

 Career Path in Wealth Management

Once you have completed your education and are ready to work, you can apply for various wealth management job roles. There is a lot of opportunity in this sector. According to the U.S. Bureau of Labour Statistics, the growth rate predicted in the wealth management sector is 15% from 2016 to 2026 which is much higher.

 

Career path in wealth management


You can work as a wealth manager in a financial advisory firm, retail bank, investment bank, or as a freelancer. You will grow your reputation as a wealth manager over time. The more you help your clients in achieving their financial goals or booming their business, the more is your demand as a wealth manager in the market.


Job Roles in the Wealth Management Sector

There are a lot of different job types in the wealth management sector. Let us see some major wealth management jobs:

 

• Investment Counselor –

Investment Counselor in Wealth ManagementThey focus on the financial relationships of his/her client. They keep analysing the market and ping their clients whenever a good investment opportunity occurs. They also work in investment banks advising clients on whether to invest in any particular venture or not.

 

• Portfolio Manager – They usually work with HNI clients. They are responsible for updating and analysing client portfolios.

 

• Business Developer – They help in the growth of their client’s business by maintaining good financial relationships. They usually work with ultra HNI clients.

Financial Advisor in Wealth ManagementFinancial Advisor – They help in making financial strategies and models. They are also considered with insurance-related problems. A personal advisor can work for a firm or as a freelancer.

These were some of the major job roles in the wealth management sector. It usually depends on the firm/company that what type of services are they expecting from a wealth manager.

Conclusion

You can learn more about the skills required in the wealth management sector via various Wealth management courses available on the internet. This was all about the Wealth management career path and what opportunities are waiting for you in this field.

What Should Graduates Do In a Tough Economic Situation? Imarticus Learning Has an Answer!

Posted on by Imarticus Learning

It was discouraging for the jobseekers to learn that the global economy has received a major blow from COVID-19 outbreak, leading to a hiring freeze. Fresh graduates are among the most affected by the hiring freeze. Many of those who bagged a job through campus selection are being notified that the offer has been rescinded.

When the COVID-hit job market is seeing a surge of experienced professionals who became the victim of the financial crisis after the pandemic, freshers are struggling to find an employer who is ready to invest time to train them. Students perusing online courses are more worried about their future.

Online ClassesWith many online classes providing little mentoring or placement assistance, they are struggling to find direction among this chaos. Fret not, the future is not grim, it is just different. So, what should fresh graduates do in this crisis? Read on to find the answer.

Industry Partners

Imarticus has partnered with the leading names in the market to co-create a curriculum based on preparing the students to deal with real-life problems. Enrolling in such experience-based courses give the students an edge in the market. Imarticus has a good placement record with eight out of 10 students placed in leading organisations.

Have a Clear Goal

What should you do if you do not see job openings in the target industry? The easy way out is to settle down with any job that comes your way, be it a generic one. But, is that what you want? Did you take up your favourite course to do a random job? The current situation suggests that the economic crisis is going to stay for some time. So, you need to learn to live with it, instead of waiting for everything to settle down and the market to kickstart, you need to find ways that could eventually land you on your dream job.

Take time to Introspect

The question is how prepared are you to make the most of this momentum? Are you market-ready? Are you visible to your prospective employers? Given that many skilled professionals are looking for a fresh start or a career change, you need to make sure that you mark your presence so that your resume does not get lost in the sea of applications. Well, how to do this? To get a head start, visit talent concierge services and be a part of the talent pool. Your profile will be listed and accessible to the companies who are on a lookout for talents. Imarticus has a pool of more than 100 mentors who guide the students to find a job in this difficult situation.

Plan a Strategy

Devise a plan. Figure out what you want to do, understand the most relevant experiences needed for your target role. See if you need to enrol for online study classes to build more skills. Use this time for all those time-consuming things. Equip yourself with relevant certifications. If the target role demands hand-on experience, try for internship opportunities.

Online LearningMany internship opportunities offer a chance to convert into full-time positions. You may also consider volunteering or working for a non-profit organisation. Check for online platforms and groups where you get to interact with like-minded people who work in a similar role or the same industry. Look for open projects and try to contribute. Grow your network and seek opportunities. Look for meetups in your city and try to be a part of it. If you are confident, venture out to entrepreneurship.

Imarticus alumni platform is a wonderful place to meet like-minded professionals many of whom have already secured a job or ventured into start-ups. They are excellent resources not only to build your network but also for guidance on having the right strategy to win a job.

Being a fresher is indeed a challenge in the current situation. But with the right strategy and wise usage of time, you can overcome this crisis. Invest time in skill-building, strategizing, networking, and introspection. Find a mentor who can help you create a plan. Explore an opportunity to give back – volunteer or work for a non-profit organisation. Think out of the box and find ways to get experience in your target roles.

Top 5 Courses From Imarticus That Empowers Women!

Posted on 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

 

Banking and Finance CareerCurrently, 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.

Fintech CoursesHence, 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.

Career in AnalyticsImarticus 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.

Data Analytics and Artificial Intelligence Courses 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.

Digital MarketingFor 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.

Top Business Management Questions and Answers!

Posted on by Imarticus Learning

“Management is the art of knowing what needs to be done, and doing it in the best possible way.”

-F.W. Taylor

From the above definition, we can absorb the basic principles behind any form of management; planning and its implementation. Building on these lines business management is scientific as well as the artistic process by which an organization plans, organizes, directs and controls its workings to maximize its profits.

Business management is often regarded as a lucrative career choice offering a wide range of roles from office managers and product managers to chief executive officers.  This is also a reason why there has been a sudden upsurge in the demand for business management courses like MBA.

A business manager usually needs to take key decisions about the operations of the business which directly affects its profitability. These decisions are usually domain-specific; financing, marketing, operations and human-resource-management, which maps the overall present and future trajectories of a business.

The relevance of business management in this era cannot be overstated as a business manager acts as the policymaker for organizations

What are some common business management questions and answers

  1. How businesses contribute to economic development?

The economic development of a country is measured by the growth in the gross domestic product of a country.

Business ManagementWhen business enterprises are doing well, they directly increase the GDP of an economy (profitably) leading to an increase in the country’s overall wealth.

Moreover, it also generates employment in a nation and increases the standard of living of the people. Therefore, business is the most important contributor to economic development.

  1. What is a SWOT analysis?

SWOT is the acronym for strengths, weaknesses, opportunities and threats.

Business ManagementThe strengths and weaknesses analyse the internal environmental attributes of a business which are under the control of the organization, whereas, opportunities and threats examine the external environment of the business which the organizations cannot control.

A SWOT analysis is an important tool for managerial decision making and is widely used across multiple business functions.

  1. How can one ensure that a business remains relevant and competitive?

To ensure that the business is competitive and relevant, one can develop the following strategies:

  • Spot emerging trends and developments pro-actively
  • Devise a strategy to expand and diversify operations
  • Make sure that the company can attract and retain good talent
  • Utilize scarcely available resources judiciously
  • Keep innovating and satisfying all its stakeholders
  1. Is management a science or art?

Management is an amalgamation of art and science, containing attributes of both. While on one hand it is based on certain principles, practically conceptualized, through a continuous process of experimentation, on the other, it leverages the creativity of personnel, based on one’s experience and knowledge to achieve desired objectives.

  1. Business ManagementHow could one get better results from its subordinates?

Management is the art of getting things done, by people or things. To achieve better results from subordinates one can either delegate authority and responsibility or arrange for employee training.

  • In delegation, a manager provides certain operational authority and responsibility to its subordinates, which builds a mutual relationship of trust, thus boosting employee morale and productivity.
  • A manager can also enhance the skillset of its employees by various training exercises like mentorship, coaching, seminars and so on.
  1. What is the difference between pro-active and Reactive decision making?

A pro-active decision constitutes making decisions in advance to plan for future contingencies so that risks are being dealt with even before they crop up.

Business ManagementA reactive decision making, on the other hand, is one where situations and risks are dealt with, as and when they occur. A reactive decision is taken for emergencies whereas a pro-active decision tries to deal with situational risks through predicting them in advance.

  1. Which approach of decision making is more appropriate – centralization or decentralization?

The choice approach completely depends upon the nature of the decision to be made.

When the decision has to be regarding the overall policies of the organization then a concentrated decision taken by a small group of people makes more sense as it ensures coordination throughout the length and breadth of an organization.

Conversely, when a decision on a particular function has to be made, a decentralized decision making allows the organization to leverage the benefits of specialized knowledge of the functional managers.

Therefore, for a decision regarding the debt-equity ratio in the company balance sheet, the company CFO would be more preferable compared to the board of directors who are more likely to take more centralized decisions, like the percentage of shareholder dividend.

  1. What is BPM life-cycle?

BPM stands for business process management. BPM life-cycle is for continuous business process improvement. It captures the entire business process in a structured way, then monitors and optimizes the process. This cycle of process improvement repeats continuously throughout the life of the processes.

Business Process ManagementA Business Management course from Imarticus learning will help you master the art of answering different questions from the business domain.

Covid-19 Impact on Banking Training! How Imarticus Helped The Students To Get Trained and Placed?

Posted on by Imarticus Learning

The banking industry in the COVID-19 landscape  

The Coronavirus pandemic has brought almost all economic activities to a standstill. To protect human life from this deadly virus spreading like a wildfire, governments around the globe imposed lockdowns in their respective nations. This pandemic has defined a state of new normal for all of mankind.

Customer behaviour has also changed owing to this pandemic. Some of the positive changes that came along with the state of lockdown are the increase in online shopping, online payments, digital banking, online education, etc. These industries were already growing but the current pandemic scenario has given it a massive push.

Coronavirus outbreak has disrupted businesses in almost every industry, it also had a direct impact on the functioning of the banking and finance industry in addition to the indirect ones that came in the form of economic slowdown and reduced business activity. This economic slowdown has led to a reduction in consumer demand that has impacted small and medium businesses majorly. To stay cash flow positive and manage their operations, these businesses have to rely on financial aid provided by banks and financial institutions.

The Coronavirus pandemic has drastically impacted business across the majority of industries and has left a dent in the economies but it has also boosted the growth prospects for business in the digital landscape. People are staying inside their homes and are afraid to go out and shop, this has created a huge demand for online shopping and e-commerce companies are benefitting from this like never before. Everything you need can be ordered online using your smartphones by making payment through your digital wallet or other banking services.

Now the interesting thing to note about this growing trend is that it has also boosted the prospects for the banking and financial services industry. It has given a major push to digital banking services and people are getting more accustomed to making financial transactions online using their smartphones. This has created a demand for qualified professionals in the banking and financial services industry. This employment opportunity has also increased competition among candidates.

Wealth management course can help you provide a comprehensive understanding of the banking and finance industry. It is very beneficial for those look to excel in commercial banking related roles, it will help you obtain an edge over your competition by imparting you with relevant knowledge and skills needed in the industry. Commercial banking training has seen a surge in demand in the contemporary COVID-19 scenario as there is a huge demand for professionals in the commercial banking industry to cater to the growing needs of the customer.

This has happened because we are moving towards a cashless economy and more people are transacting using progressive services such as a digital wallet. This has reduced the dependency for cash transactions and has resulted in more number of banking transactions. The fear of the spread of Coronavirus has also added to this changing customer behaviour, to be safe from the risk of contamination, people are relying on using the digital medium to purchase everything.

 Bridging the gap with Imarticus

Banking is an essential service for businesses and individuals alike; our dependency on money is such that we can’t survive without the services of the banking sector. Even during the times of Coronavirus, we need banking services. The demand for professionals in the banking and related sector is still on the rise even when most other businesses continue to fail.

Wealth Management coursesImarticus Learning’s banking and wealth management courses have helped people to learn about this industry and obtain a thorough understanding of the functioning of this sector.

The courses are focused on providing a practical understanding of the subject so that the candidates are trained to do the job even without any additional assistance from the organisations. This has also reduced the training cost for organisations that rely on the services provided by Imarticus. Imarticus has helped over 8000 professionals to get placed with some of the most reputed organisations in the industry including Deutsche Bank, Citi Bank, Axis Bank, Kotak Mahindra, Reliance Capital, etc. The courses are specifically created to help with your employment prospects. Wealth management course with Imarticus will definitely help you achieve your career goals.

Covid-19: How Imarticus Learning Successful in Online Learning That Compensates For Campus Experience?

Posted on by Imarticus Learning

COVID-19 has set many new normal in almost all aspects of life. Learning is one of those areas which are severely affected by COVID-19. When the global health crisis set its foot in the country, it jeopardised the dreams of thousands of students who were looking forward to exciting campus life. Campuses shut down when the pandemic started to spread in the community, taking away the best thing students love about the campus education – the campus experience.

When the government called for a lockdown, inevitably, all campuses had to opt for online classes. Needless to say, it was a huge blow to the students’ expectations of an exciting academic year. While many campuses struggled to match the experience an active campus life can offer, Imarticus Learning made a distinctive mark by providing unmatched experience through their distance learning programs.  Here is how they did it.

On-Campus Course Vs Online Learning

On-campus learning has many perks as compared to online learning. The most important one is the peer-to-peer interaction. It opens the windows to a wider world, with every student bringing their bit of knowledge to the campus ecosystem, and discuss everything from the syllabus to career opportunities.

Another factor that sets campus education apart is the involvement of faculties in the learning process. Learning from a teacher has more advantage over self-learning. Direct interactions and doubt clearing sessions are the best part of campus education.

Career fair and campus interviews are something every student look forward to. Many campuses offer placement assistance and conduct orientation sessions to help their students secure a good job as they finish the course.

Distance learning generally lacks all these perks. Traditional distance learning courses offer little support to the students. All they get is a set of reference materials which they can learn at their pace. While some online courses offer contact classes and assign projects through their off-campus centres, others just send a set of reference material to the student.

Imarticus Learning

Online Learning

Imarticus Learning has a completely different approach to distance/online learning. The distance education programmes are designed in a way that mirrors the regular on-campus courses. They adopt an industry-first approach to ensure better employability after the course. The state-of-the-art online learning system with highly tech-supported classes make the courses no less than the regular classes.

Alumni Network and Mentors

One of the striking features that differentiate Imarticus from their competitors is a strong alumni network of more than 35,000 ex-students. Many are industry experts and are good resources to approach when you complete your course and become market-ready. While this alone is a good support network, there are more than 100 active mentors offering guidance to the students. These stalwarts will help you understand the respective industry, help you accustom to the industry standard and trends and respond to your concerns and doubts regarding your career.

Placement Assistance/ Guarantee

Imarticus has successfully developed associations with more than 480 global firms. This enables them to offer an interview guarantee or assistance depending upon the course selected.

Revolutionizing Online Learning

Imarticus has been revolutionising online learning with their innovative approach and guaranteed job assurance. Recently, they introduced an ISA model, where the students need to pay their course fees only after securing a permanent job with a minimum salary package of ₹500,000 per annum. The fees can be paid in 36 installments each payment amounting to 17% of their monthly income at 0% interest.

Partnering with Market Leaders

No matter how good your curriculum and knowledge base are, relevant experience is what gives you an edge in the job market. Imarticus has partnered with market leaders like KPMG to help the students jump over this hurdle. The students will get to deal with case studies from the partners thus dealing with real problems and finding feasible solutions.

With the right approach, newest technology, and a wonderful supporting structure, Imarticus has proved that online classes can be as productive as the on-campus courses, if not more. They have invested in an innovative approach to help their students to have an edge over their competitors while racing for an opportunity.

Sandeep’s Review of Imarticus’ Data Science Course

Posted on by Imarticus Learning

We caught up with Sandeep, a recent graduate of the Post Graduate program in Analytics, for a quick chat to get his perspective on the program, the curriculum, Imarticus Learning’s placement process and more.
Tell us a little bit about yourself.

Sandeep: My name is Sandeep Singh. I recently completed my B.Sc. in Computer Science and was looking for an avenue to enhance my analytics skills and start my career.

Data Science Course in MumbaiI came across Imarticus’ data science course and, after thorough research, decided to enroll for it. I completed the course and have been placed at M Technologies through Imarticus.

How has your experience been with Imarticus Learning?
Sandeep: My experience with Imarticus Learning was super! The course focused on practical training with hands-on learning of various analytical tools and thorough practice with numerous datasets.

Looking back, I see the importance of actually applying Analytical tools and techniques to the projects I worked on because it gave me a running start when I began working.

What has changed since you joined Imarticus Learning?
Sandeep: Since the day I joined Imarticus my confidence has been boosted to a very high level. Through the practice of various analytical tools such as R, Python, SAS, Tableau, etc. I’ve come to believe in myself. My soft skills have also been elevated with the help of business communication workshops, mock interviews, and soft skill sessions throughout the course.

Would you recommend the program to someone else?
Sandeep: While researching various institutes, I came across some reviews that say Imarticus Learning is fake. Well, I wanted to see for myself and now that I have, I would definitely recommend Imarticus. If you’re looking for an institute, the first thing that comes to mind is the faculty and the learning material.

The faculty and staff are very cooperative and help you both inside and outside the classroom. The learning material is extensive and covers every aspect of data analytics. The best part is all of the lectures, notes, datasets, and quizzes are stored in an online Learning Management system and is available to students anytime, anywhere.

What do you like most about Imarticus?
The best thing about Imarticus Learning was the course content, the cooperative staff and the informative notes that are easily accessible. The resume building workshops and mock interviews definitely prepared me for the placement drives and I was able to crack the interview and land a job at M Technologies.

Looking to get started on your data science career, Speak with a counselor and get matched with the best course for you.