Hi,
Can anyone post a comparative analysis on the outlook for Asset/Fund management,Equity Research and Corporate Finance in India?
What is the major skill set needed in each of these fields?
Which are the main companies which hire for these roles and from which B Schools? Also what are the average work hours for each of these?
Thanks in advance.
Also, just wanted to know whether Mutual Funds in India recruit from B Schools.
Thanks
Guyz,
I need some guidance. I am working as a Software Engineer right now. I want to work at a brokerage house, I am interested to work & learn more in Capital Markets. How can I make the shift? How can I get such a job? If anyone has some guidance or experience to share, I'd be very grateful.
Thanks in advance.!
I have 3 years of work experience in manufacturing. I want to do MBA in finance. Will experience in manufacturing become obstacle for doing MBA in finance?
And I have done two NCFM certifications(Securities Market & Commercial Banking In India). Will that hep?
Dear Seniors...
Thanks for all the replies to my previous query.
As i wrote previously , i am a software engineer working as a trainee.
i am quite good with number crunching . So i am looking for a career in MBA Finance.
But the thing is my ONLY exposure to financial subjects is "Financial Management" in 7th semester in engineering(only dealing with a little bit of financial accounting). i really wanna learn and know more about finance and related subjects. so can our dear seniors suggest some VERY BASIC BEGINNER LEVEL books dealing with finance and related subjects??
i wanna learn and see if it really catches my interest or not....
Anyway , once again thanks to Jason bhaiya and Harry bhaiya for such brilliant responses to my last query...
Dear Seniors...
Thanks for all the replies to my previous query.
As i wrote previously , i am a software engineer working as a trainee.
i am quite good with number crunching . So i am looking for a career in MBA Finance.
But the thing is my ONLY exposure to financial subjects is "Financial Management" in 7th semester in engineering(only dealing with a little bit of financial accounting). i really wanna learn and know more about finance and related subjects. so can our dear seniors suggest some VERY BASIC BEGINNER LEVEL books dealing with finance and related subjects??
i wanna learn and see if it really catches my interest or not....
Anyway , once again thanks to Jason bhaiya and Harry bhaiya for such brilliant responses to my last query...
Hey Rockyan,
You're welcome, buddy.!
See, the field of Finance has its depth & width. If you have some preference or personal to interest then you should start with that.
Lets say for example, you are interested in equity markets, then I'll suggest you should start reading ebooks of various NCFM modules. Don't register for the exams, though. Along with that, follow the markets and read Economic Times / Business Standard or whatever standard material you can get your hands on. PM me ur email id if you want to have NCFM ebooks.
You can read Accounts books of standard 11th & 12th, if you want to learn basics of accounting.
"Rich Dad Poor Dad" is a great book at the very beginning level. I started from there and it gave me fuel to enhance my knowledge. I'd say it is must read for a beginner.
As of now, I think this will do. Later you can dig deeper and we can discuss further.
P.S. : You can call me Jay instead of "Jason bhaiya" and as far as age is concerned, you are my senior ;)
P.P.S. : Don't try to be a Pagal, if you are motivated & trying enough, you'll be one soon
Hello everyone,
found this discussions today and I would like to thank all the people who have provided their inputs and opinions. It is really an informative discussion on different financial domains.
I am starting my MBA in Jan from a European school and interested in finance but I will make my decision after taking initial courses. At the moment I am trying to get as much information as I can.
Recently RBI released guidelines for new banking licences and that leads me to believe that we are going to see new banks enter the Indian market in the next few years. Hopefully that would improve the prospects for financial professionals. My question is which areas of finance(Indian market) do you guys see Major demand coming from? More banks would probably mean more jobs in all domains but I would like to know which areas have scarcity of trained professionals in India. Someone earlier mentioned shortage of wealth management professional, derivatives are becoming more popular, CDS (if allowed in local market) would need professionals....... Any ideas, thoughts?
Hello everyone,
found this discussions today and I would like to thank all the people who have provided their inputs and opinions. It is really an informative discussion on different financial domains.
I am starting my MBA in Jan from a European school and interested in finance but I will make my decision after taking initial courses. At the moment I am trying to get as much information as I can.
Recently RBI released guidelines for new banking licences and that leads me to believe that we are going to see new banks enter the Indian market in the next few years. Hopefully that would improve the prospects for financial professionals. My question is which areas of finance(Indian market) do you guys see Major demand coming from? More banks would probably mean more jobs in all domains but I would like to know which areas have scarcity of trained professionals in India. Someone earlier mentioned shortage of wealth management professional, derivatives are becoming more popular, CDS (if allowed in local market) would need professionals....... Any ideas, thoughts?
Well i had mentioned about wealth management sector growing and there is a huge talent crunch in that sector
Well the banking sector is getting deregulated every year , Indian Market is a huge pool of Millionaires , HNWIs as they call them are growing in Asia and particularly in India at a very fast pace
Regarding other sectors such as derivatives and credit default swaps , well right now the market is niche , the final judgement is still not out yet , but there is huge growth potential , so hence an attractive market for sure
Banks are becoming a one stop shop from specialized wealth management services to corporate finance to investment banking and traditional banking , scope is ever growing and has huge potential and its all due to domestic demand 😃
@abhimukh19
Thanks for your help.
I got a good score in BAT.But I am still an undergrad and will be graduating in 2012 with computer science background.
Any idea which all firms consider its score?I am applying off-campus as very few finance firms visit my college for campus placement.So,if you have heard about any firm considering its score then do let me know.
Thanks
@abhimukh19
Thanks for your help.
I got a good score in BAT.But I am still an undergrad and will be graduating in 2012 with computer science background.
Any idea which all firms consider its score?I am applying off-campus as very few finance firms visit my college for campus placement.So,if you have heard about any firm considering its score then do let me know.
Thanks
I think the recruiters will contact you themselves via Bloomberg , anyways thats the idea , so try contact some1 from that institute and get answers for your queries , Bloomberg recruits at IMI for international placements , so have to wait and see, how they use the score for us 😃
That's great.
what profile does bloomberg offer?
Hi all,
I am a software engg.currently working in an IT company and seriously targeting MBA in finance.Can anybody tell me what prerequisite certificate I should have before MBA which will boost my MBA chances in Finance.....Please give exam details also.....Thanks in advance....
Hi all,
I am a software engg.currently working in an IT company and seriously targeting MBA in finance.Can anybody tell me what prerequisite certificate I should have before MBA which will boost my MBA chances in Finance.....Please give exam details also.....Thanks in advance....
A lot depends on your work-ex and age for getting shortlists in major Finance companies. But CFA L1 ad L2 can guarantee you a shortlist alongwith decent acads (>80%)
you can also go for NCFM certis, but it doesn't add that great a value which CFA L1/L2 add....
Also, don't stop at L1 because in a B-school , there are many guys with L1, for surety try to do L2 too before coming to campus. of course, you can do L3 once you enter a b-school.
Hi all.
I am a software engineer with 2 years work experience.I am seriously targeting CAT-2012 hoping to get in top mba school.I want to know as a fresher what certificate/basic knowledge will boost my chances in doing so?
One book that is highly recommended for engineers aspiring for a career in Finance is "Financial Sense: Finance for Non-Finance Executives" by Prasanna Chandra. Most of the engineers in my college use this extensively for summer placements preparation. Have a look at its contents here:
Financial Management - Prasanna Chandra - McGraw-Hill Education
Financial Management - Prasanna Chandra - McGraw-Hill Education
But the thing is my ONLY exposure to financial subjects is "Financial Management" in 7th semester in engineering(only dealing with a little bit of financial accounting). i really wanna learn and know more about finance and related subjects. so can our dear seniors suggest some VERY BASIC BEGINNER LEVEL books dealing with finance and related subjects??
i wanna learn and see if it really catches my interest or not....
A lot depends on your work-ex and age for getting shortlists in major Finance companies. But CFA L1 ad L2 can guarantee you a shortlist alongwith decent acads (>80%)
you can also go for NCFM certis, but it doesn't add that great a value which CFA L1/L2 add....
Also, don't stop at L1 because in a B-school , there are many guys with L1, for surety try to do L2 too before coming to campus. of course, you can do L3 once you enter a b-school.
Many Thanks wHite hole..
Can you also throw some light on
1-how to register for CFA certification?
2-Whats the difficulty level(for an Engg. like me)?
3-how much effort they require?(since i cann't afford to devote lot of time to this as I have to prepare for CAT also).....
That's great.
what profile does bloomberg offer?
Last year it was in analytics , under derivatives 😃
Hello Everyone,
I am in B.com(h) 3rd year and planning to do a course in finance. can anyone suggest me which institute and which course should I go for?
Regards
Nids
which has better Job prospects Portfolio management or equity research ???.
OK lets talk abt FINANCE....its more than fat paychecks, number crunching, Accounting, etc etc. Its also not an easy job if u thought so there's lot in this field which justify the kind of paypackets that are offered but thats a different topic all together. What i am trying to do in this post is explain what fields exist within the Finance umbrella:
First lets take everybody's favourite, Investment Banking, it is a field of banking that assists companies in acquiring the funds they require for their businesses. A firm that specializes in IB is likely to do a fair amount of consulting work on financial matters. They are also capable of tracking the market in order to be able to offer advice to a company about when they should make public offerings as well as to know the most suitable way to manage the assets of the business.
Some of the consulting work an investment banking firm does will overlap with the work performed by a private brokerage. This is because buy-and-sell suggestions and advice is often something they offer to the corporations and businesses they represent.
Many people choose a career in the investment banking industry because the potential for high earnings is great. Investment bankers are one of the most sought after jobs to be found in the world of money markets. A career in this field is exciting, competitive and time intensive. You will travel a lot, work round the clock on a more or less regular basis and some say being cutting edge and even a little cutthroat is required.
Next lets talk about the second most popular finance field known to all, Consulting, it is all about helping organizations improve their performance primarily through the analysis of existing organisational problems and development of plans for improvement.
Consultancies may also provide organizational change management assistance, development of coaching skills, technology implementation, strategy development, or operational improvement services. Management consultants generally bring their own, proprietary methodologies or frameworks to guide the identification of problems, and to serve as the basis for recommendations for more effective or efficient ways of performing work tasks.
There is a thin line of distinction between Business consulting & Management Consulting while the former is more concerned with the short term plans of the organisation the latter is more related to the alignment of the organisation to the long term goals & objectives so as to achieve its vision & mission effectively.
Now lets move to fields which are not so popular first a field which i find very interesting, Merchant Banking, this is one field which primarily involves financial advice and services for large corporations and wealthy individuals.
They invest their own capital in client companies and provide fee-based advice services for mergers and acquisitions, issuing letters of credit, trade consulting and co-investment in projects involving trade of one form or another among other services they provide.
Also they work with other merchant banks and financial institutions with its prominent role being that of stock underwriting, and the bank works in the realm of private equity where securities of a company are not available for public trading.
They also perform international financing activities such as foreign corporate investing, foreign real estate investment, trade finance and international transaction facilitation.
Next is Risk Management which involves assessing and quantifying business risks, then taking measures to control or reduce them. It is often a part of the compliance function.
Risk managers either may be generalists who cover several different areas, or specialists who concentrate on a single one. Within the financial services industry, the major categories of risk include : Defaults on loans extended, Losses on securities inventories held, Losses on investment securities held, Counter party risk (another financial firm failing in its obligations to yours).
Risk management personnel develop, implement and enforce rules and procedures designed to mitigate these risks etc.
Well i think this is enough for now will come up with more in later posts...
Hello,
I wanted to know that except these courses, there is CFP...... howz that? what are its scope...... i am doing PGDM finance major and have wealth management as a subject and i am finding it very interesting.... but i am not sure abt its demand in industry.....