Why Finance?

for NCFM can we opt bangalore as exam centre

hello,

X- 89
XII- 82
B.Pharm- 67
pursuing M.Pharm
i am keen on doing MBA, but i dont know which specialization to take, can you tell me which of your attitude shows your inclination towards finance or any other specialization. thanx.
@catankur said:
hello,X- 89XII- 82B.Pharm- 67pursuing M.Pharmi am keen on doing MBA, but i dont know which specialization to take, can you tell me which of your attitude shows your inclination towards finance or any other specialization. thanx.
i am keen on self-learning and flexible
i am a punctual person, like to manage time
workaholic
introvert in nature
like to study hard
can communicate with strangers easily but do not flourish in a group
i know, the qualities i have mentioned are petty in nature and far below the level you have mentioned, but i will be greatful if you could guide me,
thank you so much.
hello sir,
I am pursuing MBA in finance.I have a aim of to be a investment banking but my academic is not well.what are the other ways to achieve this goal?

@rashupdate Write CFA exam, Try to clear all 3 levels Till the final placements , atleast 2 minimum .

@rashupdate There are many Books which are considered as Bible for Investment Banking. Try searching on Google . Ill PM you the list tomorrow ( If you dont find them ). Busy now .

what are journal and magazines and their part that i have to focus ?

I am doing mba,i am stepping to 2nd semester and i am going to take finance as my area in 3rd semester.Please suggest some best certification courses which can be done side by side to boost up my profile value.

hello someone asked here about in some cases we take closing values and in some case we take average why is it so ?


the reason behind that is due to averaging .. means like debtors if you calculate sales/ debtors , if you take closing debtors only it will represent the ratio of the debtors on the last day.. but debtors don't arise in 1 day , they happen over a period of time so taking last or 1 day figure is not correct and hence we do the average so that we get a rough figure of debtors occurred throught the year and then calculate the ratio.. in some ratios averaging is proffered and in some case last days value is preferred and that is why there is a difference of opinion and it depends upon entity which methods suits them..

Plz tell good books on the subject Management of Financial services

@iwantgovtjob said:
Plz tell good books on the subject Management of Financial services
Indian context or US ?
@leolazer
India for a start yaar
@iwantgovtjob
basically case studies i need

Hi Seniors, Apologies for my ignorance.. but I have few doubts which I can think you guys can definitely help me out with..


Just to introduce myself.. I am an IT Indian Male.. I have close to 7 years experience in Service Delivery with more than 3 years international experience. I am an incident manager and my daily job include escalation management, high severity incident managemnt, resource management and service delivery management. Not to boast about myself.. but am doing real good in this field and the work i am putting in is appreciated by everyone around internally and externally..

However, I am feeling that the knowledge am getting through role is saturated and there are rarely new challenges for me to work on.. after talking to my management, I got some work on Pre-sales.. its all about developing bids for proposals, staffing etc., This was my first exposure to the commercials part of a bid. The way we manage the finances for a project, no. of onsite people, no. of offshore, how to allocate the profit to different areas of the projects, profit margins etc., After doing one or two projects of this kind and attending few due diligence sessions with prospective clients.. This fieldinterests me a lot.

I really want to explore if there are any chances for me to shift into finance side of running an organization. I have no knowledge about finance, I am currently reading this forum and at some page 5 and thinking to complete reading the whole thing...basically to learn, what exactly finance is all about and what is it offers..

But, I am coming to you with basic question, people like me.. do they have chance to switch to finance.. If so, what would be the route for me to follow?

I have given my GMAT and got a score of 720. I am looking to take a MBA in Bschools in India.. ISB, IIMs, XLRI etc., which one of them is good for finance and will I be able to get an admission in these schools.. if i say i want to enter into finance..

My major objective at this point is to shift my function from Service delivery managemnt to finance managment or management consulting.. am willing to start from down the ladder in this stream.. if thats what it takes to get that shift..

am really confused on how to shape up my career and the route i shud take.. any help wud be reallly appreciated.
@iwantgovtjob said:
@leolazerIndia for a start yaar
Do not have much idea about the Indian context... But I have heard of book by L M Bhole and another one by M Y Khan as good.
@leolazer
tanks bro
@Charylnm said:
Hi Seniors, Apologies for my ignorance.. but I have few doubts which I can think you guys can definitely help me out with..Just to introduce myself.. I am an IT Indian Male.. I have close to 7 years experience in Service Delivery with more than 3 years international experience. I am an incident manager and my daily job include escalation management, high severity incident managemnt, resource management and service delivery management. Not to boast about myself.. but am doing real good in this field and the work i am putting in is appreciated by everyone around internally and externally..However, I am feeling that the knowledge am getting through role is saturated and there are rarely new challenges for me to work on.. after talking to my management, I got some work on Pre-sales.. its all about developing bids for proposals, staffing etc., This was my first exposure to the commercials part of a bid. The way we manage the finances for a project, no. of onsite people, no. of offshore, how to allocate the profit to different areas of the projects, profit margins etc., After doing one or two projects of this kind and attending few due diligence sessions with prospective clients.. This fieldinterests me a lot. I really want to explore if there are any chances for me to shift into finance side of running an organization. I have no knowledge about finance, I am currently reading this forum and at some page 5 and thinking to complete reading the whole thing...basically to learn, what exactly finance is all about and what is it offers..But, I am coming to you with basic question, people like me.. do they have chance to switch to finance.. If so, what would be the route for me to follow?I have given my GMAT and got a score of 720. I am looking to take a MBA in Bschools in India.. ISB, IIMs, XLRI etc., which one of them is good for finance and will I be able to get an admission in these schools.. if i say i want to enter into finance..My major objective at this point is to shift my function from Service delivery managemnt to finance managment or management consulting.. am willing to start from down the ladder in this stream.. if thats what it takes to get that shift..am really confused on how to shape up my career and the route i shud take.. any help wud be reallly appreciated.
@Charylnm
@Charylnm said:
Hi Seniors, Apologies for my ignorance.. but I have few doubts which I can think you guys can definitely help me out with..Just to introduce myself.. I am an IT Indian Male.. I have close to 7 years experience in Service Delivery with more than 3 years international experience. I am an incident manager and my daily job include escalation management, high severity incident managemnt, resource management and service delivery management. Not to boast about myself.. but am doing real good in this field and the work i am putting in is appreciated by everyone around internally and externally..However, I am feeling that the knowledge am getting through role is saturated and there are rarely new challenges for me to work on.. after talking to my management, I got some work on Pre-sales.. its all about developing bids for proposals, staffing etc., This was my first exposure to the commercials part of a bid. The way we manage the finances for a project, no. of onsite people, no. of offshore, how to allocate the profit to different areas of the projects, profit margins etc., After doing one or two projects of this kind and attending few due diligence sessions with prospective clients.. This fieldinterests me a lot. I really want to explore if there are any chances for me to shift into finance side of running an organization. I have no knowledge about finance, I am currently reading this forum and at some page 5 and thinking to complete reading the whole thing...basically to learn, what exactly finance is all about and what is it offers..But, I am coming to you with basic question, people like me.. do they have chance to switch to finance.. If so, what would be the route for me to follow?I have given my GMAT and got a score of 720. I am looking to take a MBA in Bschools in India.. ISB, IIMs, XLRI etc., which one of them is good for finance and will I be able to get an admission in these schools.. if i say i want to enter into finance..My major objective at this point is to shift my function from Service delivery managemnt to finance managment or management consulting.. am willing to start from down the ladder in this stream.. if thats what it takes to get that shift..am really confused on how to shape up my career and the route i shud take.. any help wud be reallly appreciated.
dude u cant get rules in corp finance or ib but for ur exo u can certainlnt froy get roles like presales or management consulting.infact a s tudent from fms got into amanagement consulting role after seven yrs of work ex at infy. rest assured abt thr face that chances of ur rejection at above mentioned schools incresases manifold if u tell them u r joining there to get a specialisation in finance. play safe and tell them ur it thibg.
@Charylnm
@Charylnm said:
Hi Seniors, Apologies for my ignorance.. but I have few doubts which I can think you guys can definitely help me out with..Just to introduce myself.. I am an IT Indian Male.. I have close to 7 years experience in Service Delivery with more than 3 years international experience. I am an incident manager and my daily job include escalation management, high severity incident managemnt, resource management and service delivery management. Not to boast about myself.. but am doing real good in this field and the work i am putting in is appreciated by everyone around internally and externally..However, I am feeling that the knowledge am getting through role is saturated and there are rarely new challenges for me to work on.. after talking to my management, I got some work on Pre-sales.. its all about developing bids for proposals, staffing etc., This was my first exposure to the commercials part of a bid. The way we manage the finances for a project, no. of onsite people, no. of offshore, how to allocate the profit to different areas of the projects, profit margins etc., After doing one or two projects of this kind and attending few due diligence sessions with prospective clients.. This fieldinterests me a lot. I really want to explore if there are any chances for me to shift into finance side of running an organization. I have no knowledge about finance, I am currently reading this forum and at some page 5 and thinking to complete reading the whole thing...basically to learn, what exactly finance is all about and what is it offers..But, I am coming to you with basic question, people like me.. do they have chance to switch to finance.. If so, what would be the route for me to follow?I have given my GMAT and got a score of 720. I am looking to take a MBA in Bschools in India.. ISB, IIMs, XLRI etc., which one of them is good for finance and will I be able to get an admission in these schools.. if i say i want to enter into finance..My major objective at this point is to shift my function from Service delivery managemnt to finance managment or management consulting.. am willing to start from down the ladder in this stream.. if thats what it takes to get that shift..am really confused on how to shape up my career and the route i shud take.. any help wud be reallly appreciated.
Hi,

I read your long post (very rare and usually boring), but i think i have a piece of advice for you.

Just to introduce myself, i am a hardcore finance person (i even flirt with my gf in terms of 'debit/credit'..just kidding but i really do). I am a Chartered Accountant by qualification, and pursuing CFA and was a MBA aspirant, not anymore. Coming back to you, i think we should tackle the issues one by one.

a.)Whether or not do you have any chances of getting into finance side of running the business?
Ans. Yes you do but you would need a finance qualification like MBA (fin)/CA for that.
And given the kind of profile that you have , ISB would be the most suited option.
You should really go for an Executive program, most preferably if you could get sponsorship for the same, from your employer and from the best of the college, abroad or here.
More preferably abroad, since they have a better perspective when it comes to shifting the vertical than our beloved India Inc.
But before any of this comes into play, are you very sure about your passion for finance?
You just saw a small trailer of the huge series of movies...and that too the best part of it may be.I would advise you to take some more time, think over it, try reading books about finance, talk to ppl in the finance. Try to know more about the finance functions.
Ask your self, do you like palying with numbers, how would you feel in given an excel in 36 col and 20000 rows with pure numbers and the only text that you see would be in the top row.

Are falling in love with finance or is it just lust/crush?

b.)Should you start your career down the ladder , all over again in finance?
Ans. NO.NO.NO.
Dont make this mistake.You have 7 yrs of exp, that is huge, had it been 2-3years then may be you could have thought about it, but not now.

c.)Then how can i start a career in finance, what should my entry route look like?
Ans. Here you would have two options:

1)Getting a break into mgt consulting(MC): This would not all be dificult for you.There would many employers willing to take you in MC, try for the big consulting names like Bain,BCG,Mckinsey,EY, KPMG, Delloite,PwC,...googlel it, you'll find it. But MC is very different from finance, it may or may not satisfy your appetite for finance.

2)Going in for an exec MBA in finance related field.:This surely would help you break into the finance side of the organization, but you would have to struggle against your peers who would have similar expn like yourself but in finance.


Hope, this helps you in any way/manner.Please let me know if it does.
And plz feel free to get in touch , for further chit /chat.
All the very best.
@karan302534 Thanks a ton Karan.. Yes it was indeed a long boring text I typed in there.. Will pm you for some more doubts I have.. :)

Hi Seniors,

I am not in very much troble and not able to justify my pupose of MBA. Since I acquired the sense of being in society,my motto of life has been to help my society and this is one the main driving force I want to do MBA from IIM. At the age of bw 40-45, I want to start factory/company in villages and want to urbanise the villages.

But my problem starts from here. I have also a work-ex of 2.5 yrs as a soft eng. My project is for one of top investment banks and it is about clearance and settlement. So I have got pretty much interest in finance and so want to do MBA in finance.

Now I am not sure how to convince my interviewer, 'how would' MBA in finance' help me in achiving the motto of my life.?".

Please advise.