In this series, we at Imarticus Learning give you tips and tricks to land your dream job in Investment Banking.
There are many situations in which people make the mistake of using informal, irresponsible and fairly inappropriate phrases during an interview. These small mistakes may cost you your career. Let’s have a look at most unhelpful phrases to avoid in front of a recruiter.
- “To be honest with you”
When job candidates use this phrase, it sends a mixed message. It can sound like you are are being honest now but weren’t being honest before. It’s a good idea to leave this phrase out.
- “I can’t think of any real weaknesses”
It may be exhausting when an interviewer asks, “What are your weaknesses?” But that’s all the more reason for you to have an answer. If you’re caught off guard by one of the most well-known interview questions around, you’ll look unprepared, come across like you lack self-awareness and give the impression of one unwilling to have an honest discussion about whether or not you’re fit for the job. No matter how highly you think of yourself, there should still be plenty of things that you’d like to do better.
- “I don’t have any questions”
You might be spending eight hours a day (or more) in this job, at this company, with this manager and there’s nothing you’re wondering about? Interviewers want to know that you’re interested in the details of the job, the department in which you’ll be working, your prospective supervisor’s management style, and the culture of the organization. Otherwise, you’re signalling that you’re either not that interested or that you just haven’t thought much about it. So come prepared with thoughtful, intelligent questions about the work you’d be doing.
- “I think I can do this job”
Saying “I think” instead of “I know” or “I believe” subtly communicates a lack of confidence. So many job candidates are uncomfortable talking about themselves. Most people are afraid of being seen as bragging and that can keep them from sounding confident when they may be a perfect fit for the job.
- “I will try”
The word “try” really doesn’t convey meaning, especially when a potential employer inquires about your ability to do something, such as “Can you implement a new cost sheet format for the department?” If your answer is, “I will try,” you don’t sound confident. More importantly, the word ‘try’ sounds like you are setting yourself up to fail.
Answer yes or no.
In this series, we at Imarticus Learning give you tips and tricks to land your dream job in the Industry.
Walking into an interview can be an unnerving task. There is a group of very important people looking at you from behind a very important looking desk and they seem to have a very important looking document – your CV – in front of them.
First things first – take a deep breath, smile and say Hello. Now, the hard part is over. For the rest of the interview period, keep these Dos and Don’ts in mind:
– Sit up, shoulders relaxed and align yourself to face your interview – if there are more than one than just pick the person in the centre.
-Smile ever so slightly as it shows interest and enthusiasm in the subject in question – your role in the company!
-Keep your hands on your knees in front of you. If you’re prone to fidgeting, keep one on top of the other in your lap.
-Nod in agreement when you are asked a question. But keep a hold of your head because bobbing too much might make you look like you lack concentration.
– Maintain eye contact, but remember to blink. Also, make sure you talk to all the people interviewing you rather than focusing on one person and speaking only at them.
– Shake hands before you leave. Saying things like, “Looking forward to working with you,” sounds too presumptuous. Asking for feedback on the impression you made shows you lack confidence. Just stand up, say a simple, “Thank you” and if necessary, ask when you can expect to hear back from them.
– Fidget with your bag, trousers or hair.
– Scratch your head unnecessarily, as it may come across as being clueless.
– Slouch in your seat or lean away from your interviewers. It shows disinterest and the inclination to be anywhere but there.
– Cross your legs and shake them. It distracts the interviewers.
– Touch your nose – a lot of people do this, surprisingly. It gives the impression that one isn’t being entirely honest.
-Space out. If you don’t understand something, say so and ask for the matter to be repeated.
-Use sounds like, “Err” and “Umm”.
Imarticus Learning prides itself in its industry relevant curriculum, and the stellar Placements Team we have in place to ensure our students get their dream jobs. Click here for the 8-step process in which we function.
Imarticus Learning has partnered with Rise Mumbai to launch a 180-hour FinTech Prodegree that delves into the evolving world of Fintech…Read More
The word analytics has come into focus over the last couple of years. Analytics is considered to be pivotal especially in an era where internet and technology have taken centre stage in our daily lives. Analytics is essentially a field which brings together, Data, Information Technology, Statistical Analysis, Quantitative Methods and Computer-Based Models to one platform. All this put together to form data, that is accumulated through various ever growing channels, due to the integration of technology in our daily lives, from phones to applications to online movement, any traction on the internet creates data. Analytics done on this data gives decision makers information on which to base their informed decisions.
In recent times, with changing business dynamics, organisations are looking for innovative methods through which they can enhance productivity and cut costs. Companies have large volumes of data being created from almost every area of function. Performing Descriptive, Predictive or Prescriptive Analytics on this data will assist the organisation to identify potential risk areas, understand which areas need intervention and strategy reformation, and with the application of Computer-Based Models also run a simulation, on performance based on the said strategy, and gauge application based on the results.
Hence, the application of analytics in businesses is very vast, if applied with the right vision and strategy, the possibilities are limitless. Analytics can be applied to Customer Service, Acquisition and Retention, Financial Management of an Institution, Supply Chain Management, Human Resource, Government functions, Sports, Marketing, to name a few.
The scope and use of data analytics is not only a global phenomenon, but as it is turning out, India is being considered as a big market for data analytical skills sets. A career in business analytics is very fulfilling and is one of the fastest paced developments in the current market scenario. India is hence fast becoming the most preferred destination for offshoring data analytics capabilities. In India, the development or the use and scope of analytics is massive and noteworthy mainly in Media Communications, Outsourcing Companies, Internet business Companies, etc…,
Looking at these trends it is only obvious that the future of analytics will only continue to grow upward. Outlined below are a few future opportunities in Analytics,
- Since data is expected to grow exponentially in the future, the application of analytics will only increase in businesses.
- Nevertheless, there will be a development of the tools used for data analysis, an example could be ‘Spark’
- One will see an integration of Prescriptive Analytics in the Business Analytics Tool.
- Going forward people will be able to see real-time insights in data and will be able to make real-time decisions.
- Moving forward, Machine Learning will be a necessary element for data preparation and Predictive Analysis for businesses.
- There will be Big Data staffing shortages, but the crunch might ease when companies start using internal training and innovative recruitments approach, Chief Data Officer will be a position that will open up in most organisations.
Whatever the debate on the future application of data analytics might be, one thing is clear, analytics has the capability of impacting profitability and productivity of a business colossally. Hence, there is no doubt in stating that the ‘Future is in Analytics’.
By now it is mostly common knowledge, that Big Data is essentially a large volume of information collected through myriad sources, in various formats, it is also understood that this big data has a key to all future plans and strategies that the company needs to adopt if it truly wants to succeed.
True, big data is information gathered from the internet enabled services, social media, and other similar sources. It can be typically characterised by 4 V’s…
- Volume – it is getting vast as compared to the traditional sources through which data used to be captured
- Variety – data comes from various sources, machine generated and people generated
- Velocity – the speed at which this data is being generated, it is phenomenal and never stops
- Veracity – basically the quality of data, as one has little control of the volume.
The evolution of the technology has helped organisations apply the findings, not only while strategizing but in almost every aspect of the functioning of an organisation. For internal and external benefits. Merely capturing data is not beneficial, but to understand what insights you get from that data is paramount in decision making. In the ever-evolving business environment, having historical insights is not enough, but to get accurate future predictions, using data analysis and predictive modelling and visualisation techniques is also colossally essential, mostly while developing strategies.
Big data, eliminate intuition such that all imperative decisions can be made through a structured approach, and with a data-driven insight.
To put it simply it is a broad three-step process performed in a loop. (a) Manage Data- extract relevant data (b) Perform analytics on the data – gain insights and use algorithm’s (c) Make Decisions.
Big Data can further Benefit organisations in the below mentioned 5 areas
- Comprehend market Conditions – through big data, organisations can predict what future customer behaviour will be, purchasing patterns, choices, product preferences. This will leverage the company, and help contest competitors.
- Know your Customer Better – through big data analysis, companies come to know the general thought process and feedback in advance and make course corrections. Companies can reduce complaints and act on it before it becomes big. There are big data tools that predict negative emotions, prompt action can be taken to mitigate the same by organisations.
- Control Online Reputation – Sentimental analysis can be done through Big Data Tools; thus a company can check on what is being said by whom online and manage their online image efficiently and effectively.
- Cost Saving – firstly, there might be an initial cost of application of big data tools, but in the long run, the benefits will outweigh the cost. Secondly, with the application of real-time big data tools, the IT staff will be less burdened, so these resources could be used elsewhere, and lastly, the application of big data technology will make storing of data easier and more accurate.
- Availability of Data – Through Big Data tools, relevant data can be available, in an accurate and structured format, in real time.
The value of Big Data Insights is priceless. One needs to have the patience and discipline while application of the same. Ask the right question to gain accurate insights. With the quality of data, the possibilities are great, for businesses to flourish.
To manage a business is perhaps the riskiest job one can ask for. Essentially during a start-up, it is estimated by certain research that around 49% of businesses fail or go bankrupt within the first five years and 30% businesses don’t even make it up to the one or two-year mark. While some companies might be risky in nature like opening up a restaurant or in recent times a technology related setup which has a higher failure rate. It is not only the nature of the business that leads to failure, but factors such as poor leadership, incorrect direction, poor financial planning in spite of having a great idea, product or service, with the probability of hitting gold in the first few years could also fail.
Depending on the way the business functions, the way it manages its finances, a company could move towards bankruptcy. It is a known fact that an increase in sales is directly proportionate to an increase in revenue. However, most start-ups or established businesses manage to oversee the fact that an increase in sales or business also means that there is an increase in inventory and accounts receivable that use up the cash. A phase in growth could also literally mean to be cash flow negative in the short term.
To maximise profits should be the ultimate goal of a company, but being profitable is only one side of the coin. It is equally important for the company to be profitable and being able to pay the bills when they are due. Many businesses, small or big come across customers who pay their bills for the services or goods in 45-60 days, yet owners or companies have to honour their commitments to the staff and vendors in 30 days, plus overheads, which means irrespective of when they receive payments they have to make arrangements on an ongoing basis.
Cash Flow is the king for business owners, without which businesses can get caught in the situation and in spite of being profitable may end up going out of business.
It is an oxymoron that a business which is profitable and has plenty of sales lined up goes down. If the cash flow is not there, even profitable businesses can go kaput.
Keeping all another variable aside, here are some reasons why certain profitable companies can go under…
Ignoring cash flow and focusing on profit
No cash flow, zero business, not a happy ending! So the priority cannot be on profitability but cash flow. Some big projects can pay well but if the payment cycle is too long a wait it can create cash flow pressures which will come in the way of functioning. Business decisions need to be based on this mindset.
Receivables and payables have a rocky marriage
Receivables is the money owed to you by clients and payables is the money you pay to your suppliers or vendors, overheads etc., In an ideal scenario there should no receivables that are overdue and the company should always have the cash in hand for payables, but like all real life truths this is never the case. As a company, you cannot be lenient in this department and if required should have a separate team that works on this to ensure the cash flow.
Remember extra stock is a result of poor planning which is holding your cash flow. Even at times when the business is good, shelving stocks is not the best thing to do. To increase profits again don’t simply buy more stocks on sale. Be acutely aware of what is required as it is pivotal to business.
Good finance is the backbone of your business, not knowing who owes you money is criminal pressure on cash flow. Use technology to avoid this mess.
A company puts itself and the connected people at risk by extending credit and selling to people who cannot pay, such altruistic acts have no place in business.
Cash flow is imperative to sustain and excel. Amazon was not profitable in the first decade but it had great cash flow by selling stocks in the mid-1990’s, almost every year they spent more than they earned. Their first profit was nearly after a decade of being in business, but mind it they could be in business because of cash flow. The stock market ensured cash flow which made up for the losses, which has made them both profitable and a company with cash flow today.
Good Financial Planning + Cash Flow = Great Business (along with disclaimers of course!)
Blended learning might have many connotations for many individuals. It is essentially a hybrid approach with a combination of online delivery of content and the traditional live face-to-face based instruction. For some, the definition or understanding of blended learning so boards that any integrated use of technology into the learning experience might result in it being branded as blended intervention.
What is Blended Learning?
In the true sense, blended learning is more of a pedagogical approach in education which brings the best of socialisation opportunities of the classroom and marries it with the flexibility of technologically enhanced active learning possibilities of online teaching experience.
The teaching landscape has witnessed a great evolution over the last century, there has been a technology uprising especially in the last decade which has impacted the way people learn. The availability of smartphones, tablets, Kindle, accessibility of the internet almost everywhere on the planet has rapidly impacted the way we learn and the generations to come will. Technology will continue to integrate into our lives and education and learning and development portals have accepted this fact and are willing to embrace it for the advantages it brings. Thus one will see the uprising in the acceptance and usage of blended learning approaches.
Blended Learning Models are very segmented in nature and hence is gaining popularity in the education forums for its ability to personalisation to fit the individual’s learning needs. The course can be designed from the many available models, to suit the topic or audience, for example, instead a traditional mode of delivery, one can choose the online method, where face to face interactions are periodic or limited, or offer Rotation method where the participant rotates between self-paced online learning and personal instruction schedules which are fixed but flexible in nature. They can also take advantage of the Flex method which for its majority is online delivery and participants can get instructor interactions on request as a support.
Advantages of a Blended Learning Approach
In the true sense, this approach is a win-win situation for the Instructor, Participant and the Topic i.e. the teaching condition is conducive to the topic of learning.
The Blended Learning Approach is breaking the traditional wall in some sense and addressing issues of individuals rather than approaching it as the whole, where the needs of a few were neglected. With the currently available technology, courses can be personalised to individuals learning capabilities. The technological integration also breaks down the conventional issues like time, where the participant has the flexibility to learn at their pace around a time in the day which is most convenient to them.
Instructor gains access to global resources, and materials which match the students level of knowledge and interest. Teachers can offer personalised interactions in private through chat rooms, emails etc., in turn helping the learner me more effective. Due to online portals, students get availability to their learning graph, which reduces the stress from the teachers allowing them to focus on the areas of weaknesses and bridge the skills gap more efficiently. Teachers can use technology to introduce a variety of activities and engage students through different learning styles. Instructors with the help of technology can reach and motivate slow learners or hard to reach participants creating individualised professional development plans. It also offers to teach as a professional to people located in remote or low opportunity areas, thus creating more earning potential and activating dormant careers.
Participant stays focused when technology is introduced in a teaching set up, focus and excitement increase. Subsequently, the retention ability is also enhanced due to continuous reinforcement. With the access to the internet the availability of resources increases, where inquisitiveness is fuelled by research, guaranteeing consistent engagement of participants and students alike. It gives rise to student autonomy, making the participant in charge and responsibility in setting personalised goals and learning pace, instilling a sense of ownership. This is phenomenal as the participant is not only learning the subject or topic but is also getting prepared in real live skills, thus directly impacting the future skills, like decision-making, resilience, self-engagement, research skills.
Topics or scale of information, it’s penetration or reaches also increases. It reduces isolation, participants or students sitting across any location can take advantage of the wealth of information and opportunities which were only available to the select few of the cities in the past. Thus offering more collaboration and networking opportunities. This, in turn, leads to better student data making the path for professional growth.
With all of these interesting facts and things being stated here, Imarticus Learning has taken an uptake over the Blended learning and we have created courses best suited for the people interested in Banking, Finance and Analytics industry.
To conclude, it is important to note that each individual will have a different learning style, the instructional design should focus on the visual, auditory and kinetic learners alike while designing corporate courses or in education. Integrating technology effectively can improve the retention, engagement and enjoyment for participants. Increased availability of technology in learning or blended learning approaches thus becomes imperative in today’s time irrespective of the nature of education in schools or corporates alike.
In recent times, Chartered Finance Analyst (CFA) is a designation which is quite revered and regarded by most as a key certification for professionals in the areas of portfolio management and research.
The chartered finance analyst program is a certification from the CFA Institute. It is a globally regarded certification. It is essentially a self-study methodology, graduate level program for professionals who want to pursue a career in investment. A person coming out of any discipline or academics can pursue the CFA program. Applications to the program are usually from students and undergraduates to an early professional who intent to get a boost to their career. Although it is important to note that just getting a certification will not guarantee the same.
Passing all the three exams of CFA in itself is a very daunting job when compared to the efforts and commitment of the time required as against other management programs like the MBA. In fact, there are many MBA pass outs and CA’s who join CFA to get into core investment banking jobs. CFA gives a great technical grounding and offers broad-based scopes suitable for investment banking, research analyst, equity research and portfolio management.
The CFA course focuses on ethics, portfolio management, accounting, corporate finance, fixed income and equity investments, so basically if one does not have a very specific choice but needs to build their career in the field of finance then they should opt for the CFA certification as it is broad-based, opening many career opportunities.
Passing a CFA exam shows that the person pursuing the same has the ability to show commitment, tenacity, comes across as a professional with resilience, and rigour. In addition to the learnings from the course, the charter holders are also considered internationally mobile as well due to their association with the global professional network.
Some of the most common jobs taken by the CFA professionals
Since CFA focuses on essentially training you on portfolio management skills, this job becomes a no brainer for most pass outs. Under this profile, you are responsible for making financial/investment based decisions for people who have given the control of their money to you or to your company.
Here the profile is responsible for analysing the financial transactions and records of the firm for its clients. Here you need to prepare your observations and reports and primarily have an insight of what the client would want to know about the financial health of the organisation in such a way that nothing essential is overlooked before making any strategic decisions. There are many other nomenclatures for this role within the organisation, such as investment analyst, rating analyst, financial analyst, equity analyst, to name a few.
Here the person needs to provide suggestions that will benefit the firm with professional advice. The CFA course covers corporate finance which will assist the professional to make alternative decisions and suggestions to the third party or the client satisfying their requirements.
Here you are required to keep a track of all financial footprints and documents of the business or company that you are associated with.
Investment Banking Analyst:
Here a person needs to check all possible pit stops, analyse, evaluate, all possibilities before any investment is made. The person usually is responsible for directing and making the firm aware of mergers and acquisitions. The task can be efficiently performed by any CFA pass out as the course has a section on corporate investment, equity investment, economics and more which prepares them to handle such requirements.
These are just a few opportunities out of the many that you can take advantage of if you wish to pursue the CFA certification.
So to conclude, it is quite obvious that in recent times many organisations and individuals alike are getting highly interested in CFA. The fact that a CFA certification will benefit the organisation and the individual in revenue growth and career growth, it is perhaps why most organisations are also considering sending employees usually from the start up a level for this certification as the long-term advantages cannot be ignored.
It is then true to say that the CFA designation does distinguish the charterholders from other counterparts in the eye of professionals and investors. As a successful CFA charterholder has already proved the test of time and their ability and intention of commitment to conducting their professional life according to high professional standards.
Imarticus Learning has organised a Live Webinar by DXC Technology on 30th May 2017 at 6 PM.
In this webinar, the experts from DXC Technology will illustrate the fact that there is an explosion of textual data with nearly 85% of corporate data existing in the form of text. Then, we get to know the definite need for text mining and enumerate the popular use cases of text mining in enterprises.
Post this, they will present the challenges in text mining and techniques used to overcome them. Then, in the webinar, we get to know the interesting cases tackled at Analytics Data Labs of DXC Technology to showcase the competitive edge and business insights gained by an organisation.
Eventually, the webinar will conclude the session by emphasising that if organisations exploit this rich pool of untapped textual data, then this can be a key driver in effective decision making for the organisation on the whole.
AGENDA OF THE WEBINAR:
- Explosion of textual data
- Need for Text Mining using popular case studies
- Current Challenges and Techniques to overcome
- Deep dive into cases tackled by DXC Technology
- How can it help organisations in decision making
ABOUT DXC TECHNOLOGY
DXC Technology helps clients harness the power of innovation to thrive on change. For more than 60 years, we have successfully guided the world’s largest enterprises and government agencies through successful change cycles. We take pride in our technology independence and our role as a trusted advisor. Our deep experience gives us a clear and confident vision to help clients navigate the future.
As the world’s leading independent, end-to- end IT services company, we are uniquely positioned to lead digital transformations — creating greater value for clients, partners and shareholders, and presenting growth opportunities for our people. We are among the world’s best corporate citizens.
We have 170,000 employees in more than 70 countries, serving some 6,000 clients. We tap into global talent, powerful next-generation IT solutions and extensive partner relationships to help clients transform digitally and seize opportunities.
Master Data Scientist,
Analytics Data Labs,
Harish received his Masters in Computer Science from State University of New York, Buffalo. During his Masters, he was a part of the team at Center of Excellence for Document Analysis and Recognition (CEDAR) that developed a new computer algorithm to analyse the crime scene footwear marks. He has published 1 Patent, 5 research papers, and holds a B.E. in Electrical and Electronics Engineering from BITS, Pilani.
Analytics Data Labs,
Date: Tuesday, 30th May, at 6:00 pm – 7:00 pm IST
Log-in-link: The link will be emailed to you prior to the webinar
Book your Spot Now: Register Here
It is fascinating to note that the internet can generate so much data, rather qualitative data from ordinary everyday online conversations, which when studied can give us a general idea of what the population feels about a product or service.
Now for businesses, these random conversations could give a lot of information. But it can be challenging to translate the qualitative data into something more quantitative as that is the language spoken by the enterprise. Making sense of this data manually is not possible or viable and this is where text Analytics comes into the picture.
In simpler words text analytics is a process of making meaning out of written communication, it means examining what was written. Finding patterns and topics of interest and then take probable decisions. Since it is established that manual analytics of this data is an inefficient process, text analytics software’s have been created that uses text mining and natural language processing algorithms (NLP) to search meaning in the huge amount of text data.
Emails, blogs, feedback, reviews, tweets, survey reports, any form of written feedback, all of it holds insight into public/customer feelings. It’s a wealth of information that is recorded and can easily be transformed into text. Text analytics is the key to unlocking the treasure that this information can offer. Decoding this information can help an organisation to understand patterns and themes so that the customer’s expectations and needs are clear and give time to organisations to handle a situation and make better decisions.
Text analytics software can also help provide early warning signs about what the customer’s emotions are, if they are planning to go to the competitors, or if there is a complain that the customers are facing.
Text analytics can give numerical values to words, sentences or phrases from the unstructured data. Numerical data can be further linked with structured data using data mining techniques. Because text analytics is still in the infancy stage, depth analysis varies from vendor to vendor.
DXC Technologies assists companies to connect with innovation and change. It is a leading end-to-end IT services company, uniquely positioned to lead digital transformation thus creating value for partners and shareholders.
The webinar is focused on
- Explosion of textual data
- Need for text mining using popular case studies
- Current challenges and ways to overcome
- Encoding the case studies tackled by DXC Technologies
- Advantages in decision making for organisations
The webinar will be facilitated by data scientists and the leadership of DXC Technologies, collectively coming together with over 50 years of experience in Research and Analytics, specifically in the areas of Text mining, Machine Learning, Natural Language Processing and more.
You don’t have to be a statistician to use these tools, Text Analytics encourages learning and using new forms of data, irrespective of your skills. It just demands time to understand the application to the business. It’s great to know that the text analytics industry is full of opportunities, hence be there to take advantage of the webinar! So be there, May 30th 6-7pm.
There are multiple ways to enhance customer experience, especially as the online interactions become more sophisticated it will require better tools to analyse and understand what it means. It won’t just be random banter, the words have to mean and without text analytics companies will not be able to read the sentiment, or read between the lines.
Book your spot here: Register Here