My queries :
When companies come for placement , they look for academic performance in Class X,XII and Btech. I have heard most of the companies in finance domain set the criteria as high as 90% throughout. students are not shortlisted for the placement process because of this.
Also companies prefer mainly freshers and guys with work ex more than 24 months are again not selected to sit in placement process.
I have 26 month work ex(in IT) and am going to a join b school(IMTG) this season. My X,XII and btech marks are 85,79,7.71 respectively. With the above two criteria i don't see myself getting shortlisted in most of the companies. If i am interested in finance, how should i go about planning my days ahead so that i have less problem in summers and for finals.
My queries :
When companies come for placement , they look for academic performance in Class X,XII and Btech. I have heard most of the companies in finance domain set the criteria as high as 90% throughout. students are not shortlisted for the placement process because of this.
Also companies prefer mainly freshers and guys with work ex more than 24 months are again not selected to sit in placement process.
I have 26 month work ex(in IT) and am going to a join b school(IMTG) this season. My X,XII and btech marks are 85,79,7.71 respectively. With the above two criteria i don't see myself getting shortlisted in most of the companies. If i am interested in finance, how should i go about planning my days ahead so that i have less problem in summers and for finals.
im not an mba student as yet but I would say pursue some value adds like CFa/FRM depending on your interests.
FRM I think would be useful for middle office investment banking jobs. Front office IB jobs at bulge brackets is only offered at top institutes like A,B,C and maybe XL and L. Seniors will be able to guide you better I guess
FRM I think would be useful for middle office investment banking jobs.
AFAIK, CFA (and not FRM) will be useful for IB.
I need a little help here..
I have an I-banking analyst internship(Non-MBA) interview lined up within a few days with a boutique bank(Indian).
Round 1 : Telephonic.
Round 2,3,4 : will know the details once I am through the previous one. All I know at the moment is, there will be 2-3 assessment center interviews and a final case study before I am in.
If any of you guys here have been through one, I have the following questions to ask you.
Are modeling questions asked in the telephonic round? if yes? of what type? And can you help me with some sample question(s) please?:
Generally who takes the telephonic round? HR/senior bankers/some1 else?
Any other relevant details or advises are gratefully welcomed. I am damn nervous
:
, so please reply ASAP. 
Round 1 , would be basically HR and Soft skills related .. Because its a program at Undergraduate level Like Standard Chartered Conducts .. Initially it will be HR and more on soft skills and the level of interviews will gradually increase
Afaik , they would ask questions on the profile your applying for , basic financial concepts and offcourse the marco economic awareness based questions
Case study would judge your analytical skills .. And later on it can even be a case based interview , where everything about the case may be discussed ..
ATB 😃
So here I m with my query.. All the fin honchos plz help!!!
My profile:-
Xth :-84.8(missed 85 by 1 mark 😞 )
XIIth :- 79.8(again missed 80 by 1 mark 😞 )
Engg comp sc:- 76.
Fresher!!
So queries:-
1. What are the future prospects fr me if i take up fin as major?
2. And what all I need to do if I want to brace it up.. like CFA n al!!
3. But for my summer intern I wont b able to show CFA in cv!! So should I leave hopes of getting a shrtlist from fin firms in atleast summers?
4. What else domain can I look for apart from fin n marketing(vch obvio m considering) ??
Hope to gt your informed feedback!!
Thank you so much for the insight.
Another question that I have almost every time faced is,
"You are from an Engineering Background(Mechanical), why do you want to work into finance? I mean I don't get it, what value would you possibly add to this industry/job?"
followed by,
"You want to shift your field now because of your interest in finance, how do we know two years later you jump again?"
I've been told that I'll bluntly be facing these two questions. I guess they are the only two genuine questions the interviewer always wants to know. So methodological answers don't work quite well here. I have faced them before and had a tough time giving really convincing answer to those.
I've looked up the net, various forums, several guides but nowhere have I been able to find a really convincing answer to this question(10/10 type):banghead:
Please help me out here!
All of you please pour in your expert comments.
You need to demonstrate your genuine interest and provide them sufficient evidence(s) that you are truly interested in Finance and that is what you want to do for the rest of your life.
I don't think you need to search on the Internet for this. You need to do this only if you're following big bucks
Else with some introspection you can plan out a convincing answer. In case if you're following big bucks, plot out an answer using following keywords:
1) You love challenging work environment
2) You like the process of making deals and to deal with big guns of various companies
3) Never ever mention in your interview that you're chasing money!
4) Tell them you like the responsibilities and profile of an I-Banker
I think seniors can add more point here. Till that time refer this website. I consider it the online holy grail for I-Banking 😃 Read as many articles as you can.
Good Luck
So here I m with my query.. All the fin honchos plz help!!!
My profile:-
Xth :-84.8(missed 85 by 1 mark 😞 )
XIIth :- 79.8(again missed 80 by 1 mark 😞 )
Engg comp sc:- 76.
Fresher!!
So queries:-
1. What are the future prospects fr me if i take up fin as major?
2. And what all I need to do if I want to brace it up.. like CFA n al!!
3. But for my summer intern I wont b able to show CFA in cv!! So should I leave hopes of getting a shrtlist from fin firms in atleast summers?
4. What else domain can I look for apart from fin n marketing(vch obvio m considering) ??
Hope to gt your informed feedback!!
1. future prospects depend on what you do at the B school you join,.... being a fresher, you would be preferred for certain profiles where you need to slog
(And make more money..)2. Start today!! get the concepts right and you can build a strong base.
3. CFA L1 doesnt help much in the final placements also. forget summers..
see you may lose out to a person who is at par with you but CFA L1-L2 cleared.. but you cant do much abt it right? just prepare well and convert the interviews you get. not all people getting shortlists into the fin companies are CFAs..4. Operations, HR, IT... depending on your interest and the B school you join..
Helllo all...
I have some doubts in Futures
Now what is this initial margin??? Does only buyer have to pay the initial margin in the initial margin account or the seller also have to deposit some amount ??? And Who gets the amount in that account in the end??
How this mark to market thing works??? I was of the opinion that futures are settled on their expiry date, but this thing confused me ???
Now suppose I sell a 1 month future to ABC in which underlying is 1 stocks which is now priced at 100, and my future price is say 120.
Now suppose in the example, day 1 the stock rises to 110, day 2 stock rises to 90, then how will be the mark to market thing be done??
While reading about the difference between futures and options, i came across these points
FUTURES OPTIONS
Price is zero, strike price moves Strike price is fixed, price moves.
Price is zero Price is always positive.
Linear payoff Nonlinear payoff.
Can some1 pls explain me these 3 points ???? How come futures price is zero ??
Some1 please help me in my doubts 😐
Anindo0788
Buddy , Just go through the website once , you will get all the answers you need
Futures Trading by FuturesTradingpedia.com
Futures trading has leverage due to the fact that only a small deposit, known as the initial margin, is needed to control a large amount of underlying asset. Using our corn farmer example above, the buyer of the futures contract on his corns only need pay the farmer a small deposit of maybe only $150 to guarantee the purchase of 5000 bushels of corn at $0.30 per bushel worth $1500 (the "Futures Price") in all. So, instead of paying $1500 to control the price on 5000 bushels of corn at $0.30, the futures buyer paid only $150 to do the same thing. Thats a 10 times leverage on his money.
If the price of corn in this example should suddenly surge to $1 per bushel due to a poor harvest, the buyer of the futures contract would still be able to buy the corn from the farmer for only $0.30 per bushel, and sell those corn in the market for $1.00 per bushel, making a total of $3500 out of a $150 capital commitment. Yes, a 2300% profit! That's the leverage power of futures trading.
Concept is well explained ..
can anyone suggest any blogs or sites related to finance where we can read good articles about day to day finance economics related events??
@abhimunk & harry - ny particular sites which u guys follow???
Hey can anybody how time value of money concept works in pension funds 
can anyone suggest any blogs or sites related to finance where we can read good articles about day to day finance economics related events??
@abhimunk & harry - ny particular sites which u guys follow???
i m pretty random in that respect i read a lot so whatever i get hold of i read & try to find more about the correctness & its applicablity in situations.
Bt i try to read as many Business Newspapers as possible
iwantgovtjob SaysHey can anybody how time value of money concept works in pension funds
Are u talking abt Defined pension plans!!!!
Hey Friends !!!!!!
Can someone answer these questions for me
1.What are the prospects for Finance MBA's in this gloomy economic scenario?
2. How can FINANCE be beneficial to engineers having Core experience of a couple of years?
3. Since COMMERCE guys has a slight edge over engineers how can this be nullified?
4. Is Changing domain from Core Engineering to FINANCE advisable for someone having neutral views about his/her interest in both?
5. Which sector within the finance domain is expected to show most recovery?
I know some of the questions asked by me are rediiiiii but cant help
Thanks in Advance
Hey Friends !!!!!!
Can someone answer these questions for me
1.What are the prospects for Finance MBA's in this gloomy economic scenario?
Loads of prospects , dont worry too much about these gloomy scenarios , Top firms will continue to hire talent
2. How can FINANCE be beneficial to engineers having Core experience of a couple of years?
Not much actually , doesnt complement any core engg work ex ..
3. Since COMMERCE guys has a slight edge over engineers how can this be nullified?
Commerce guys have the edge in economics and accounting , if you are good at it wont matter much , Certifications can always help a person build his/her profile
4. Is Changing domain from Core Engineering to FINANCE advisable for someone having neutral views about his/her interest in both?
I think 1st in most colleges is generic , give yourself 1 year to choose your domain be it finance /marketing/HR/Ops/IT etc
5. Which sector within the finance domain is expected to show most recovery?
1) risk management and back end in financial services
2)Wealth management/ private banking
3)Insurance sector
And many others will continue to survive and prosper despite slowdown ..
for all the finance enthusiasts out there .. this is manna from heaven
a very nice tool to guide your career
myfinmentor
can sumbdy provide me the brief idea for certification coures as i hav 2 do mba frm finanace n i'll b preparing for cat 12 so in the couple of months any courses tht can help me as i m frm engineering backgrnd...(apart frm cfa)
thanxs in advance !!!!
can sumbdy provide me the brief idea for certification coures as i hav 2 do mba frm finanace n i'll b preparing for cat 12 so in the couple of months any courses tht can help me as i m frm engineering backgrnd...(apart frm cfa)
thanxs in advance !!!!
This should help you :
http://www.pagalguy.com/forum/career-discussions/15990-certifications-for-profile-building-58.html#post3519804
Read through that thread after 50th page . You will get info abt FLIP as well as NCFM
If you are unable to track it , pm me !
good luck !
Do somebody knows about the MBA plus course from IIFP??
below is the link
Insurance and Investment Training, Certification Examination Training Programme, Best MBA in India, TOP MBA college, Full Time MBA course, PGDM, Executive MBA, MBA finance, MBA in marketing, MBA HR, MBA in india, MBA in Delhi NCR, UGC recognized MBA,
please let me know if anybody has any idea about it!!
Anindo0788
futures is derivative instrument i.e. it is a contract. And by human nature every contract is prone to default risk. If you and me enter into a contract that, at the end of the month you will buy stock from me at say 100 rupees but the market price at the expiry is say 90 rupees. that means you are at loss of 10 rupees because you are buying a stock at 100 rupees which is worth of only 90 rupees. and since these contracts are cash settled you are required to pay only the net difference i.e 10 rupees. no exchange of stock and cash takes place in a futures contract. this might force you to default on the contract.
To protect the traders from this risk, the futures contracts are traded throught an exchange which guarantees settlement. Thats why intial margin is collected by the exchange at the intiation of the contract. and at the end of the day all contracts are marked to market. if you default on the mark to market the exchange will not allow you to participate in any contracts henceforth. on expiry the initial margin is returned by the exchange to the trader. this solves your doubt on why initial margin.
As far as mark to market is concerned, the futures are marked to futures prices and not the stock prices. so in your example you have mentioned intial futures price and subsequent stock prices but not subsequent futures price.