ananygoel Sayshello everyone,i am a ca + cs + icwa...i hv got calls from iim i,l,and 6 new iims....wat kind of questions in finace can i expect in the interview
Dude u r a CA+CS+ICWA do u really need a finance FAQ....????
Dude u r a CA+CS+ICWA do u really need a finance FAQ....????
Hi Everyone :)
In a continuation to the why series, we wanted to start this immensely important why finance thread :), i think we already have threads for discussing financial concepts but we needed a more holistic thread to discuss both the academic and professional domains of finance
Well the objectives will be simple :)
1. Discussion on different domains within finance and their career prospects
2. Guiding Aspirants regarding the pros and cons doing an MBA in finance
3. Helping 1st year students understand the pros and cons of specializing in this field and whether it maps to their skill set , and their goals
4. Helping people choose the right electives and understanding how these electives map to the professional world
5. Lastly, B-school students can learn a lot more about the field from each other ; in understanding how things are approached in different b-schools; also to learn from each other's internship experiences :)
PS: Please refer to the earlier thread on finance concepts as well http://www.pagalguy.com/discussions/discussion-on-finance-concepts-problems-for-people-interested-in-finance-25022601 . It might help you with the queries you have 😃
I would be regular in this thread. I invite other interested B-schoolers to participate and contribute.
Hope we have a great time learning together :)
PS: I am also a finance enthusiast and a 2nd year student , so i am also here to learn from our seniors and friends from the finance world, lets help each other explore this wonderful field of finance
hello sir,
i want to ask about the colleges that i can get ,scored 69%ile in MAT ..
please do reply as soon as possible if you know something in this regard
thanking you
sshank8
hello sir,
i want to ask about the colleges that i can get ,scored 69%ile in MAT ..
please do reply as soon as possible if you know something in this regard
thanking you
sshank8
This is not the correct thread to post your query.
Try posting on http://www.pagalguy.com/discussions/2011-which-b-schools-should-you-apply-to-25070653
Buddies i have a query of my own. Here's my profile :
10th : 79.8%
12th : 57.6% :-(
B.tech : 66.4% (fresher)
CAT 2011 : 92.5 %ile
As if it wasn't already difficult enough for a computer engg like me to make a switch to finance somebody advised me that it won't be ideal for me to choose finance in MBA as it'll pose massive problems (like not eligible for major financial companies/profiles) for me during placements owing to my dismal acads. For me finance has been the only choice as my MBA specialization since day 1 but of course i don't want myself to be rejected by my dream companies just cuz of my past. I realize that even if i work hard during my MBA i won't be eligible even if they put up a consistent 60% criteria. I have plans to start my CFA level 1 after an year to strengthen my profile. I want to take an informed decision as i'll be investing close to 10 lakhs and 2 years of my life. What do you suggest guys ? 
Buddies i have a query of my own. Here's my profile :
10th : 79.8%
12th : 57.6% :-(
B.tech : 66.4% (fresher)
CAT 2011 : 92.5 %ile
As if it wasn't already difficult enough for a computer engg like me to make a switch to finance somebody advised me that it won't be ideal for me to choose finance in MBA as it'll pose massive problems (like not eligible for major financial companies/profiles) for me during placements owing to my dismal acads. For me finance has been the only choice as my MBA specialization since day 1 but of course i don't want myself to be rejected by my dream companies just cuz of my past. I realize that even if i work hard during my MBA i won't be eligible even if they put up a consistent 60% criteria. I have plans to start my CFA level 1 after an year to strengthen my profile. I want to take an informed decision as i'll be investing close to 10 lakhs and 2 years of my life. What do you suggest guys ?
Well Past is Past and you cant stop dreaming because of past now can you
I would suggest you convert your calls and get a good college , work hard . The acad criteria is something very subjective and depends on company to company . But if you have good MBA GPA + CFA , your chances will automatically improve
But thats the best answer i can give you right now
For others PMing me about why finance answer i would say think about these things
1)Why do you like finance
2)What do you like about it , what was your source of inspiration for finance whether it was work etc
3)Increase your knowledge about financial concepts
For conceptual knowledge i think reading about the following would help
1.Financial Institutions in the market
-Commercial Banks
-Insurance Companies
-Mutual Funds
-Provident Funds
-Non Banking Financial Companies
2.Suppliers and demander of Funds
-Individuals
-Businesses
-Governments
3.Understanding financial Markets such as Money Market/ Capital Markets , primary/secondary , debt /equity
4.Understanding financial instruments such Equity Shares, preference shares , debentures , bonds , loans ,Depository Receipts etc
One can search on Wikipedia. Investopedia.com for understanding above and NCFM modules can help you with these concepts as well
4)For career options in finance , check the first 10 pages of this thread you will get enough knowledge about them
atb 😃
A silly doubt,
what is the difference between Bank Rate and Repo Rate?
A silly doubt,
what is the difference between Bank Rate and Repo Rate?
Two differences :-
1) Bank Rate is for long term borrowing, whereas repo rate is for short term borrowing.
2) Repo Rate requires submission of securities to the RBI by the commercial banks and other FI's. Whereas, NO SUBMISSION of securities is required in case of Bank Rate.
Two differences :-
1) Bank Rate is for long term borrowing, whereas repo rate is for short term borrowing.
2) Repo Rate requires submission of securities to the RBI by the commercial banks and other FI's. Whereas, NO SUBMISSION of securities is required in case of Bank Rate.
bank rate is the rate for long term borrowing, is it that commericial banks borrow from RBI for long term at this rate?
Currently the bank rate is 6% and Repo rate is 8.5%.
So if this is the case, why not the commercial banks always borrow at bank rate, which is cheaper and they dont have to submit any security?
bank rate is the rate for long term borrowing, is it that commericial banks borrow from RBI for long term at this rate?
Currently the bank rate is 6% and Repo rate is 8.5%.
So if this is the case, why not the commercial banks always borrow at bank rate, which is cheaper and they dont have to submit any security?
For banks Repo Rate is very crucial , they need to meet CRR requirements every fortnight
Whereas Bank rate is more used by RBI to control macro economic factors such as interest rates and liquidity in the market
Also borrowing long term is not a solution when your requirement are short term and mostly overnight 😃 , banks need to utilize the borrowed funds to turn it into an asset
Do NCFM module certifications throw some good light on profiles?? 
I am BAsically from ENGG ECE background.. So I should show some justification regarding WHY FINANCE! 
Hi Puys,
CRR and SLR are two safety measures using which RBI keeps some amount of money from banks with itself.
If both ratios perform same function, what is the need of having two ratios??
I mean to pump money into the system, RBI can either reduce CRR or SLR. So there will be some or other reason for using two ratios which I am not able to find out.
Again, we have CRR and repo rate mechanism to control the liquidity.We can increase the liquidity by reducing CRR or by reducing repo rate also.. Here also, I am not clear about the need for both mechanisms.
Hi Puys,
CRR and SLR are two safety measures using which RBI keeps some amount of money from banks with itself.
If both ratios perform same function, what is the need of having two ratios??
I mean to pump money into the system, RBI can either reduce CRR or SLR. So there will be some or other reason for using two ratios which I am not able to find out.
Again, we have CRR and repo rate mechanism to control the liquidity.We can increase the liquidity by reducing CRR or by reducing repo rate also.. Here also, I am not clear about the need for both mechanisms.
CRR is the cash reserve ratio which means that some amount of money(IN CASH) banks have to keep with RBI. If it is 10% and a bank has total of 1000 crores then 100 crores of cash it has to keep with RBI. it helps to control liquidity.
SLR is statutory liquidity ratio which means that a bank has to keep some amount of liquid assets with itself - liquid assets are in the form of GOLD, precious metals Govt. securities(G-SEC). If it 25% and bank has total of 1000 crores then bank needs to maintain 250 crores of liquid assets. it helps to regulate credit growth. Also it ensures that banks investment in securities is 100% safe as G-secs are risk free securities.
so CRR deals only with cash while SLR deals with liquid assets.
And REPO rate is the repurchase rate rate at which the RBI lends short term money to the banks against the securities with a bank's promise to repurchase these securities and this difference is the interest charged on banks. Eg- Repo rate is 8 % and a bank needs 100 crores so it will sell securities to RBI worth Rs. 100 crores against which it will get loan. then after some time bank will REPURCHASE these securities @ 8% interest.so increase in repo rate discourages banks to borrow money from RBI which further decreases credit growth.(or increases interest rates because credit becomes costlier)
if I am wrong do correct me.
I have 2 months before i join a B school..I want to follow MBA finance.I am an engg graduate with no knowledge of finance.Please tell me the important certification courses which I should complete to make a strong profile for finance.
Hey seniors, I am not sure if this is the right thread for this. I have received a call from SPJIMR for finance.
I want to know, what all things about finance I must know for my interview? I am a commerce graduate, so i have certain knowledge about Accountancy and little bit of Financial Management and Financial Investment.
What all you think i must know for the interview.Is there any material/link/material or any advice that you can give me how to go about it.
Thank you
Regards,
Vikram Batra :D
I've received a profile based call from SP Jain as well for Finance.But i happen to be an engineering graduate and a fresher besides.Any pointers as to how i can justify the change in my career path?
Need insights from seniors in this case:
"I want to do MBA because I want to enter finance." This is the basic skeleton of my WHY MBA answer.
Now I want to know what all areas will I be tested upon,when I say this answer to the interview panel.
Would be a great help if you can guide me as to what fences I need to mend?
P.S: I had prepared for CFA L1 last year but could not clear it(I wont be mentioning about CFA to the interview panel),so I have knowhow of the areas of finance through this preparation.
Need insights from seniors in this case:
"I want to do MBA because I want to enter finance." This is the basic skeleton of my WHY MBA answer.
Now I want to know what all areas will I be tested upon,when I say this answer to the interview panel.
Would be a great help if you can guide me as to what fences I need to mend?
P.S: I had prepared for CFA L1 last year but could not clear it(I wont be mentioning about CFA to the interview panel),so I have knowhow of the areas of finance through this preparation.
First question is that unless you have applied for MBA finance in a college, why keep such a myopic view of MBA , The way to enter finance can be CFA , FRM then why MBA
And if you are so sure that you want to do MBA to enter finance , be more clear with what you want to post MBA , kind of profiles you are looking for . a goal clarity should be there
I would seriously suggest , try for a better answer than taking MBA as a way to enter finance
ATB 😃
First question is that unless you have applied for MBA finance in a college, why keep such a myopic view of MBA , The way to enter finance can be CFA , FRM then why MBA
And if you are so sure that you want to do MBA to enter finance , be more clear with what you want to post MBA , kind of profiles you are looking for . a goal clarity should be there
I would seriously suggest , try for a better answer than taking MBA as a way to enter finance
ATB :)
Well I dont have a myopic view of MBA, rather I want to persue finance because I am interested in finance.
Also I wont be telling the interviewers that I want to do MBA only because I want to enter finance(sorry for miscommunicating this thing), rather I want to enter into the senior leadership roles of a company, which would be very difficult for me without MBA, secondly I want to enter finance roles because I am interested in this field.
An MBA in finance would be a combo package satisfying both my requisites.
Now I want to know what all areas should I cover up to defend my interest in finance( obv. they would be expecting me to have basic knowledge of various fields).
Another thing I would be interested in joining a company on Buy/Sell side equity analyst profile post MBA.
Thanks in advance.
Well I dont have a myopic view of MBA, rather I want to persue finance because I am interested in finance.
Also I wont be telling the interviewers that I want to do MBA only because I want to enter finance(sorry for miscommunicating this thing), rather I want to enter into the senior leadership roles of a company, which would be very difficult for me without MBA, secondly I want to enter finance roles because I am interested in this field.
An MBA in finance would be a combo package satisfying both my requisites.
Now I want to know what all areas should I cover up to defend my interest in finance( obv. they would be expecting me to have basic knowledge of various fields).
Another thing I would be interested in joining a company on Buy/Sell side equity analyst profile post MBA.
Thanks in advance.
OK First things first.....U dont want to do MBA bcoz u like finance or whatever crap u doled out...u want to do an MBA coz it seems to be an easy way to get a managerial job & Finance is where u see the big bucks so u r interested in finance.
Now how do build up ur defence....u dont need to build a defence coz if u r interested in finance u just have to show them that interest....how do u do that... through ur actions....now tell me what all things have u done to pursue ur interest...any certification....any experience....anything!!!!!
& never ever give that BS that its difficult to get into senior management roles without an MBA.....trust me its equally hard even after an MBA....i know a IIM K topper in a IB back office job who has reached middle management level after sufficient struggle.
The basic funda is u need to have a profile which is directly parallel to ur interests that way u dont have to have "DEFENCE" of why finance????
Well I dont have a myopic view of MBA, rather I want to persue finance because I am interested in finance.
Also I wont be telling the interviewers that I want to do MBA only because I want to enter finance(sorry for miscommunicating this thing), rather I want to enter into the senior leadership roles of a company, which would be very difficult for me without MBA, secondly I want to enter finance roles because I am interested in this field.
An MBA in finance would be a combo package satisfying both my requisites.
Now I want to know what all areas should I cover up to defend my interest in finance( obv. they would be expecting me to have basic knowledge of various fields).
Another thing I would be interested in joining a company on Buy/Sell side equity analyst profile post MBA.
Thanks in advance.
So you are looking for strategic roles but post MBA you would not actually enter those roles and but it would take time to reach them , may be less than without an MBA scenario . You would enter middle management roles and gradually grow up the ladder. (Just a point raised on you answer 😃 , would suggest keep cross questioning yourself for every answer you give, the end product or the answer will come chrystal clear 😃 )
Basics of finance is what i guess have already mentioned in a previous post while replying to some one , the basic fundamentals and their application in the real world scenario
Secondly being aware of the economic scenario would be another one , in terms of international and national events ( from US debt to euro debt crisis to currency devaluation etc ) generic bread and butter stuff
You can also read about Equity Analyst more in terms what their roles are , what are their career path , what they do and what excites you about that field which i am sure you would have done your homework on already
All the best 😃
So you are looking for strategic roles but post MBA you would not actually enter those roles and but it would take time to reach them , may be less than without an MBA scenario . You would enter middle management roles and gradually grow up the ladder. (Just a point raised on you answer 😃 , would suggest keep cross questioning yourself for every answer you give, the end product or the answer will come chrystal clear 😃 )
Basics of finance is what i guess have already mentioned in a previous post while replying to some one , the basic fundamentals and their application in the real world scenario
Secondly being aware of the economic scenario would be another one , in terms of international and national events ( from US debt to euro debt crisis to currency devaluation etc ) generic bread and butter stuff
You can also read about Equity Analyst more in terms what their roles are , what are their career path , what they do and what excites you about that field which i am sure you would have done your homework on already
All the best :)
What about
i am working as test engineer in IT, now through MBA in finance i am looking a profile of Business analyst or consultant. I don't want see myself to be in managerial jobs as i rather enjoy dealing with customers and understanding their needs. Quote my project experience. In my opinion BA role is more challenging and i like that thing. something on that line for why finance