Imarticus Learning is pleased to announce the release of our brand new website, designed with a fresh new look and user-friendly navigation, updated with the latest information about our programs as well as whole new sections dedicated to learning, including free workshops and free webinars.
We are extremely proud of our new website and have designed it to be a one stop shop for all the information a student and professsional might need when they want to make a career decision. The entire website acts like a online counsellor who will guides you through our various programs while giving you both detailed course information and career opportunities related to that specific course while also expanding your knowledge base through our Knowledge Centre and free workshops. We have completely streamlined our registration and assessment process and made both available online for both our Online Programs as well as our Classroom programs. And if you want individual counselling, our counsellors are waiting to chat with you using our chat function. You will not find a more student focussed online learning environment anywhere else! – Sonya Hooja, Co-Founder and COO, Imarticus Learning
Here’s a quick round-up of what’s new on the Imarticus Learning website:
Dedicated program pages: Our dedicated program pages use an innovative accordion design to provide you with all the information in one swish. Each page has a program highlights section, a detailed listing of the curriculum, an introduction to the career path that this program launches you into as well as the typical day you will encounter if you happen to work in this industry. We also give you the opportunity to assess yourself online as well as register for the course.
You also get a chance to hear what our alumni has to say about the course through testimonials, learn more about the course faculty through our faculty showcase, and get updates on when our next batches begin. The Related Reads section is a brand new feature where we give you a taste of what you can expect in the course with regards to learning.
Industry Finance & Analytics Wheels: Each course at Imarticus learning focuses on empowering you with knowledge and certifications that will help you succeed in the real world. Our proprietary industry Finance & Analytics Industry Wheels help you navigate the complicated roles and functions that make up the Financial Services and the Analytics sectors. Click on a slice of the wheel to learn more about the functions it comprises.
Chat: Have a burning question? Get it answered real time as you can chat with a trained counselor at any point in time.
Knowledge Centre All our learning materials have now been catalogued in one place at the Imarticus Learning Knowledge Center. Gain access to free tutorials in Finance and Analytics in our Videos section, read papers written on technical concepts, enroll for free live online webinars and stream old webinars and subscribe to and download our renowned Corporate Newsletters.
Free Workshops: Want to take a free course, no strings attached? Why not enroll in our free online workshops in our Workshops page. We have a number of workshops specially designed for online learning; it’s a great primer before you begin one of our programs. And best of all…it’s FREE!
So much more…take personality quizzes to find out which career suits you best, test your knowledge, get detailed profiles of our Faculty, Management and Advisory board and gain an insight into our Learning Methodology. Over the next few weeks, we will be introducing some features in detail.
And last but not least, we have a brand new look to our blog. So make sure you subscribe to ensure you get the latest posts!
We hope you enjoy our new site. If you have any questions, comments or suggestion please send them our way and comment below.
“Wall Street is the only place where people ride to in a Rolls Royce to get advice from those who take the subway.” – Warren Buffet
As the credit crisis unfolds globally, I’ve heard a lot of people asking the question “What is an investment bank? How does it differ from a regular, commercial bank?” Unless you work in finance, you may not have come across the term investment bank before the global meltdown began.Let’s begin with the basics. What is an Investment bank? Why does it have the glitz and glam factor that your commercial bank does not?
An investment bank is a special type of financial institution that caters to the financial needs of large institutions, rather than retail consumers like you and I. Investment Banks help companies and governments issue securities, help investors purchase securities, manage financial assets, trade securities and provide financial advice. Simply put, an Investment Bank acts as an intermediary between those who need capital (the demand side) and those who have excess capital (the supply side).
For example, If Coca-Cola wanted to sell $10 billion worth of bonds to build new bottling plants in Asia, an investment bank would help them find buyers for the bonds and handle the paperwork, along with a team of lawyers and accountants.
The top investment banks including Goldman Sachs, JP Morgan and Morgan Stanley, are called Bulge Bracket, meaning they offer an entire gamut of services including Research, Securities Trading, Traditional M&A and IPO advisory as well as Asset Management services and even have their own Private Equity Arms. A boutique like Avendus Capital or Lazard, for instance, will only focus on Corporate Finance advisory which includes M&A and raising private equity on behalf of its clients. Slightly larger ones might even run an IPO but that means you need to have large teams that can support you on the sales and trading side.
What does an Investment Bank Actually Do?
A typical investment bank will engage in some or all of the following activities:
- Raise equity capital (e.g., helping launch an IPO or creating a special class of preferred stock that can be placed with sophisticated investors such as insurance companies or banks)
- Raise debt capital (e.g., issuing bonds to help raise money for a factory expansion)
- Insure bonds or launching new products (e.g., such as credit default swaps)
Investment banks are often divided into two camps: the buy side and the sell side. Many investment banks offer both buy side and sell side services. The sell side typically refers to selling shares of newly issued IPOs, placing new bond issues, engaging in market making services, or helping clients facilitate transactions. The buy side, in contrast, worked with pension funds, mutual funds, hedge funds, and the investing public to help them maximize their returns when trading or investing in securities such as stocks and bonds.
Key Skills to be an Investment Banker
Careers in Investment Banking can be extremely rewarding, exciting, and lucrative, but also high pressured, demanding and nerve-wracking! Because of the confluence of emotional and mental aspects required for these careers, investment firms often look for specific skills and characteristics in potential employees.
First and foremost, Investment Banks are looking for dynamic candidates who can thrive in an ever changing environment – This means they must be able to multi-task and manage their time effectively.
Strong analytical and interpersonal skills are an added advantage since candidates will have exposure to clients globally.
Interestingly, with all the rigor and structure in Investment Banking, the ability to be creative and innovation is an extremely highly regarded skill.
Ultimately, this is a high risk / high reward profession both in terms of the money you make and overall personal growth. Those that excel need to be mentally prepared to work long hours – not necessarily all the time, but yes, at least at the start of your career where you would need to focus on sharpening your skills sets and domain knowledge.
Many college graduates start or target jobs at an Analyst level and through hard work, perseverance and continuous improvement are able to rise to the levels of top management.
Job Roles on Offer in an Investment Bank
Finally, let’s look at the type of jobs that can be offered to you at an Investment Bank.
Investment Banks are segregated into three major roles:
Front Office, Middle Office, and Back Office operations where trades are booked, processed and settled respectively.
But beyond these three major departments, we need to know that clients just can’t start trading.
We need to conduct extensive research on their backgrounds hence there has to be an AML/KYC department at an IB. Hence, we see a lot of jobs offered in Anti-Money Laundering –where we understand if the source of income from an investor is illicit or not.
Know your Customer- This step makes the bank understand the type of customers they will be dealing with, Client Onboarding and Reference data Management and setup helps clients to be setup successfully on the banking platforms.
The Risk Management teams reduce the risk exposure which a client would be exposed to due to the volatility of global markets, Legal and Compliance and the regulatory environment.
All in all, working in an Investment Bank gives an end to end flavor of global markets and economic development.
Think you are up to the challenge and have what it takes? Your first step is to educate yourself. Imarticus Learning offers various courses on Finance and our CIBOP (Investment Banking Operations) course is best suited for those who want a fulfilling career in Investment Banking.
They are not just for engineers and IT departments — analysts could come from just about anywhere
Big data has been constructively cast as “the new oil” and held up as the economic counterbalance to America’s sinking developed sector. As oil did at the beginning of the last century, big data is going to drive economies in the centuries ahead. But it may not do so in the way that many people think it will. This Oil is even more productive because it’s a never ending fuel to the new horizons of IT industry brimming across the globe.
“Advances in software, interface designs, and things like that will make it easier to analyze big data in the future,” says Dr. Betsy Page Sigman, a professor at Georgetown University’s McDonough School of Business and an expert on technology and information systems. “So it won’t be as big of a technological hurdle. The more important thing for companies will be to have a lot of people that understand not just how to produce statistics and analytics, but understand how to make better decisions because they have this information.” Not just that, there is an emerging trend of data analytics positions in India, there is a boom in business analytics training across various cities likes Mumbai, Bangalore and various other metro cities as well.
Part of this shift will simply require the retooling of existing jobs, but there is also a new class of positions and skills emerging as well. Spohrer says, positions like “chief data officer” and other “data scientists, data researcher, data technology head” that will become more common within existing companies, both large and small. These jobs won’t necessarily be occupied by deep analytics-types, but by non-data professionals educated and experienced in their chosen industry while also skilled in the use of big data tools.
As with oil, companies know data is out there in large quantities and that it’s not enough to simply know where it is — it has to be extracted, refined, and delivered in a usable format to be valuable. And like the energy economy before it, the data economy needs dedicated people — 4.4 million of them by 2015 in the IT field alone, according to an oft-cited Gartner Research analysis.
But here the similarities end. The oil patch has never had much trouble finding and training enough roughnecks to get oil out of the ground, but training up skilled big data professionals is a different enterprise entirely. In the U.S. alone, a McKinsey & Company report projects a shortfall of between 140,000 and 190,000 “deep analytical” big data professionals by 2018 — that is, people with highly technical skills in machine learning, statistics, and/or computer science, the actual hands-on big data people that know how to crunch huge data sets into meaningful information.
Academically, big data is playing a role in decidedly non-data disciplines, like some portions of the social sciences and humanities, says Jim Spohrer, computer scientist and director of IBM’s Global University Relations Programs. It will increasingly become integral in medical research, various kinds of product development and modeling, and all types of research science. To remain competitive, companies will require professionals at all levels that fundamentally grasp big data concepts and know how to use them to their advantage. But what’s often overlooked in this dim projection of the big data labor market is that the impact of big data on employment goes far deeper than the deep analytics and IT fields. Companies need professionals at all levels that are not necessarily schooled in deep analytics but are nonetheless big data-savvy. These professionals don’t need degrees in computer science or statistics. It’s been a general trend in India otherwise to acquire technical degrees of BE, B. Tech before any further advancement in skill development in any fields, let alone data Analytics. But data analytics training now suffices for a good beginning in Data related domain. But even if it is packaged along with a good degree and any other tags it can add to additional amount in any given package. A VP at management consulting and technology advisory outfit Booz Allen Hamilton recently told Information Week that the company has had great success bringing physicists and music majors onto data science teams — creative thinkers who know less about computer science and more about how to look at big data problems in a different way. Though companies and economies will certainly need data scientists to manage their massive databases and information technology teams to support them, to a far greater degree they’ll need professionals knowledgeable and creative enough to leverage big data to the greatest possible advantage.
Any employment bump tied to the proliferation of big data analytics won’t be confined to IT departments or even to dedicated “data divisions” that emerge within companies. And it isn’t just big data specialists like data scientists and statisticians that stand to benefit from this boom. Big data opportunities are already being exploited in data-centered pursuits like risk management, marketing and research science, but the applications are virtually limitless. Existing companies will expand as they deploy more big data resources — both human and technological — to leverage big data to their advantage. But the space to watch isn’t necessarily existing companies reorganizing to embrace big data, but the emerging big data industry where deep analytical job growth is likely to make its biggest economic impacts. As with so many other specialized endeavors that fall outside the purview of core business — things like advertising and marketing, the latter of which is itself being completely transformed by big data analytics — many big data applications will be farmed out to outside contractors who specialize in big data analysis and problem solving, Sigman says. Scores of big data startups are already emerging (largely with the help of venture capital) to meet this demand, including MapR, ParStream, ScaleArc, and Cloudant. The ones who are able to best meet their customers’ data analytics needs are poised to become home to many of those many millions jobs big data will generate over the next few years.
Source- Fortune & Investopedia
Ananya Pandey – Senior Counselor, Imarticus Learning
In this session, our notable speaker, Prof. Sankarshan Basu from IIM-Bangalore, spent an hour with our students on the financial and political crisis that has currently crippled Greece. Greece has spent 90 years in financial crisis and was in talks for a $96 billion bailout recently (16th July, 2015). But how exactly did it get there?
Greece became a member of the European Union and adopted the Euro in 2001. The Greek debt crisis started in late 2009, which can be pinpointed to the global recession as well as structural weaknesses in the Greek economy. In 2009, revelations were released about Greece misreporting its government debt and deficit levels, leading to doubts about Greece being able to fulfill its debt obligations and resulted in a crisis of confidence.
Greece had the largest sovereign debt default in history 2012 and in 2015 became the first country to default on an IMF loan payment. The Debt-to-GDP level also kept rising and it reached 146% in 2012. Subject to several austerity measures, Greece received its first bailout of €110 billion in 2010. A worsening recession as well as a delayed implementation of the conditions of the first bailout meant that the Greeks had to take a second bailout of €130 billion in 2011. For the same reasons above, they received a third bailout of €8.2 billion in 2012. The economy seemed to improve; however a fourth wave of recession hit Greece in Q4 2014.
In July 2015, Greece was faced with the prospect of revised terms for their bailouts, which were put to a vote, sending panic across its citizens and causing them to withdraw money from ATMs. 61% citizens voted to reject the updated terms, however, later on, Greece accepted the revised terms.
So now that we know about the Greek crisis, what were the reasons for it? Some of the reasons were increased government spending. Also, Greece was the most corrupt country in the EU, and Greece had huge tax evasion problems, costing the government $20 billion. The current account deficits as well as the decline of Greece’s once famous shipping industry too had a huge hand in the Greek crisis.
The Greek Crisis resulted in reduction in their GDP by 26% over the last 6 years. Also, many Greek companies started going bankrupt, and unemployment levels reached record highs. Their debt to GDP ratio reached a staggering 177%, which was the third highest in the world, after Japan and Zimbabwe. Greece was spending €20 billion annually on interest payments alone. In 2014, a shocking 44% of the population was living below the poverty line. The damage was not just financial, as the situation resulted in great political turmoil and unrest in the country.
Prof. Basu then went on to suggest a few options that face Greece. Greece would have to make severe structural reforms, rationalize its tax structures, try to curb corruption, and in extreme cases, maybe even look at negotiating another bailout or possibly exiting the Euro.
Relax yourself at your workplace with yoga
Practicing yoga in the office can be fun, innovative and relaxing with many long-term benefits. Long hours on the computer can cause strain to your shoulder, neck and the back muscles, resulting in stiffness and aggravates tension. This can also impact your ability to function efficiently and impacts your overall quality of life
Multiple organisations have started understanding the need for similar physical activities to enhance the life-style factor of its employees to ensure effectiveness at work as well.
Office yoga comprises of a sequence of simple exercises you can perform effortlessly any time and any day.
Making office yoga exercises a part of your routine can work wonders as they wipe away body pain, fatigue and tension and increase overall muscle strength and flexibility, keeping you fresh and revitalised through the day. The exercises don’t demand much time, and can be done in spurts throughout the day, sparing you from unnecessary discomfort in the long run.
Here are a few routines, which are quick and very effective
Suggestion: If you are wearing tight, uncomfortable footwear remove them before starting the stretches. You may also wish to loosen your tie and belt.
Backbend in chair :
Begin by sitting in a non-rolling chair with shoulders relaxed. The back and butt should be flat against the back of the chair. Reach back and place hands behind the chair. Arch backwards in chair but do not come up off the chair; remain seated. Hold for 10-30 seconds.
Forward fold in desk chair :
Begin by sitting in the chair with feet shoulder width apart. Lean forward, as if to touch your toes. Take a few deep breaths and return to a seated, upright position. This stretches the spine. Hold for 10-30 seconds.
Chair twist at desk :
Begin by sitting in chair with feet shoulder width apart. Cross the left foot over the right knee. The right hand should rest on the left knee and the left hand on the chair back. Twist your torso to the left and hold. This is a great stretch for the spine. Hold for 10-30 seconds. Repeat on the right side.
Seated downward dog :
Begin by sitting in the chair with feet shoulder width apart. Place both arms out in front and lean forward into the desk. This stretches the spine and arms. Hold for 10-30 seconds. To stretch the legs at the same time, bring the left foot up onto the right thigh, as shown in the picture. Repeat for the right leg.
Temple Rub :
Keep your elbows on your desk and place your hands on your temples. With small circular motions gently rub your temples first clockwise and then anti-clockwise. Do this for 10 – 15 long deep breaths.
Investment Banking is not just about horsepower, if it was then the smartest people in the room would be PhD holders. Most successful Investment Bankers are not CA’s and neither are they CFA’s. Most Investment Banking analysts around the world are armed with degrees in History and Philosophy and often law because most Analysts are graduates fresh out of university. So what does it take for an Analyst to perform successfully during the first crucial three years?
Hardwork: This is a given but after three years of doing a Bcom where you skipped classes and had weekends to yourself, 90 hour weeks can be hard especially if you’ve never done finance before. Most Investment Banks are happy to have you learn on the job but that means doing it on your own time. So while you spend your days building tables, research companies and filling up powerpoint templates, you need to spend your after hours, think skipping that episode of Suits and take out your Damodaran on Valuation. Investment Banking does not allow for weekends or free time during your first two to three years. You are wedded to your job. That means getting in at 9 am and working till 8 pm after which you’re probably going to have to come back to work on Saturday and Sunday to finish that pitch if you want a coveted bonus. But beware of facetime. Staying in and playing brick breaker at work won’t score you any points primarily because it’s very unlikely you’ve finished everything you need to do. There’s always something more to do in IB. The financial analyst prodegree program is an intensive program that prepares you for the harsh reality of Investment Banking.
Deadlines: Getting stuff done on time is something we have noticed students find very hard to do because they are not used to doing assignments. They think extensions are permissible. There are no extensions in Investment Banking or Equity Research because a meeting or stock calls cannot be postponed. The financial analysis prodegree ensures that assignments have strict deadlines through our state of the art Learning Management System.
Groupwork: for many of you, this will be the first time you work in groups and have to put up with someone else’s style of working. A team will always create better work than an individual because it has the added advantage of multiple inputs, which get validated by your peers, and it also ensures that mistakes are caught at various levels. But group work also means working your leadership skills, learning to delegate, learning to accept someone else’s weaknesses and bringing the best out in the team. It can also mean learning to work with someone who doesn’t pull his or her weight. This is a common interview question. How would you deal with a team member not working on their deliverables? The Imarticus School of Investment Banking prepares you for group work since almost 40 percent of the course is group work which means you work with people who live 2 hours away from you and come from different backgrounds. You learn to work in coffee shops and crowded environments and realize that working in a group is much better than working alone.
While the financial analysis prodegree program prepares you for Investment Banking by equipping you with technical skills such as Financial Modeling, Pitch Book making as well as Financial Analysis training, we also focus on developing your soft skills, which include Business communication skills, group work and Interview Preparation.
So to boost to your career in finance and enroll now!
A lot of effort and hard work is needed to perfect the skills required by a business analyst, but dedication and determination will help one can excel in this field. If you’re marching towards becoming a successful Business Analyst then you must read the following points:
- Performance check:
It is important for all the aspiring traders to develop a habit of keeping an unbiased record of their performance. This would help them gauge their strong as well as weak points
- Keep upgrading your knowledge:
Always be eager to learn new things related to the market. Up to date knowledge will help you to generate new ideas to improve yourself in order to perform to the best of your abilities
- Be prepared for challenges:
The corporate world is very unpredictable; you might have to face a number of challenges and tricky situations. So it is advised to prepare yourself to face all sorts of difficulties that you might come across
A lot of professional courses are also available to help you enhance your business and trading skills. You can consider joining a business analytics certification course, which ensures better insight into this field
Staffing has always been a critical support function that is involved in all important management processes like planning, organizing, directing and controlling. Effective staffing solutions are required to ensure the smooth and efficient working of an organization.
The success of an organization depends on the quality of its workforce. An effective staffing team leads to efficient delivery of products and services, which ultimately creates financial stability and growth for the firm. The survival of a business venture depends on the performance of its staff. Hiring the right staff means success and expansion of the business on financial grounds while hiring the wrong staff puts a business back at square one.
Nowadays companies are ready to invest in customized recruitment and selection processes to gain a competitive advantage in the market by selecting the suitable candidates for specific job role. They offer training, development and promotional opportunities to retain the valuable employees by enhancing their trust and loyalty for the company. To ensure hiring of well-trained employees, firms often outsource the staffing solution service to recruitment agencies. Staffing agencies own the entire recruitment and staffing process for a business, and this helps the firm stay competitive.
Imarticus Staffing Solutions assist corporate clients in fulfilling their staffing requirements by providing qualified and screened contractual or temporary manpower. They ensure the delivery of profitable solutions for your workforce requirements.
Business Analytics online SAS certification course at Imarticus, batch launches on 8th Aug’15 at Bangalore
To know more click here