Imarticus Learning Webinar: Demystifying Analytics Careers

Imarticus is excited to invite you to our Webinar on careers in Analytics on September 27th.

 Harvard Business Review has called the Data Scientist, the sexiest IT career you can have. But what exactly do Data Scientists do? What is Data analytics? Is it just picking through numbers? But I was terrible at Math and Science in school!

 According to this article in the Harvard Business Review – More than anything, what data scientists do is make discoveries while swimming in data. It’s their preferred method of navigating the world around them. At ease in the digital realm, they are able to bring structure to large quantities of formless data and make analysis possible. They identify rich data sources, join them with other, potentially incomplete data sources, and clean the resulting set. In a competitive landscape where challenges keep changing and data never stop flowing, data scientists help decision makers shift from ad hoc analysis to an ongoing conversation with data.

 If you are still grappling for answers, then join our webinar, which demystifies this fascinating career path, and answers questions like what do data analysts do actually? What tools do they use? Where can I study it? Why is the Imarticus Learning Program in Data Analysis the most respected program in the country for Data Analytics? And the most burning question of all, what am I going to earn when I finish the program? Our industry experts will be on call to counsel you on which path to take and will fill you in on all the latest trends.

Imarticus Learning courses focus on the tools and techniques needed to excel in the competitive analytics landscape. What are the differences between our dedicated programs for R, SAS and Python?

Our speakers are Mr Mohan Rai, Director at S & R Analytics, involved in Delivery of Analytics Consulting/Training solutions and SIP Partners for TCS. He is a visiting faculty at several Universities and colleges, and is regularly invited as a panelist on Analytics conferences. Mohan has 8 years of experience in Core Analytics (Sales & IT). He holds degrees in Business Analytics and Intelligence from IIM-Bangalore, MBA in Marketing and BSC in Statistics.

Joy Parekh is Assistant Vice President at Imarticus and helped initiate the Online Learning vertical. Presently, he manages a 20-member team across Online Business Development, Product and Governance functions within Imarticus Learning. His exposure to both the start-up and the corporate world will be instrumental and can offer valuable insights to aspirants to kick-start their careers in Data Analytics.

Here’s what Jasmine had to say about our previous webinar on Data Analytics Careers –

Understanding the difference between Data Analytics and Data Science was always confusing, but this webinar helped. I learned a lot from Mr Vishal as he gave a lot of tips on how to get into analytics ”

 For more information please register here. Limited spots available.  http://imarticus1.viewpage.co/imarticuslive_sep27

Source: http://imarticus.org/careers-webinar-demystifying-analytics-careers

Wealth Management Learning Objective

Wealth management refers to the provision to private individuals of financial services that have the goal of preserving and enhancing those clients’ wealth.  It delivers a wide range of services that enable an individual to manage their financial affairs and assets effectively, such as:  tailored banking products; managing the investments; allowing them to lend against investment portfolios in the most secured and safe manner to allow them to be leveraged; investment products in areas such as foreign exchange, structured investments, property and non-conventional investments like venture capital, private equity, hedge funds, real estate investment trusts, commodities as well as assets such as metals, coins and art, trusts and estate management; tax planning; estate planning.

The provision of these services is typically divided according to wealth, with clients classified as highly influencial in society, high net worth or even ultra-high net worth.
What value is applied to define each segment will clearly change from market to market, but the below gives an explanation of the asset profile of individuals making up each segment:

• Upper ends of the middle class– investable assets over US$100,000.
• High net worth individuals – investable assets of over US$1 million.
• Very high net worth individuals – investable assets of over US$5 million.
• Ultra-high net worth individuals – investable assets of over US$30 million.

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There is a wide range of firms that provide wealth management services to clients. They may be referred to as wealth managers, stockbrokers or private banks, each of which specialise in different segments of the market. Private banks provide a wide range of services for their clients, including wealth management, estate planning, tax planning, insurance, lending, enhanced credit lines. Their services are normally targeted at clients with a certain minimum sum of investable cash, or minimum net wealth. Private banking is offered both by domestic banks and by those operating in a different jurisdiction from the client’s home country – usually one with a favourable tax structure. Each of these firms will usually undertake portfolio or investment management. Portfolio management is the management of an investment portfolio on behalf of a client or institution with a primary focus on meeting their investment objectives. Portfolio management can be conducted on the following bases:

• Where the portfolio manager makes investment decisions within parameters laid down by the client.
• Where the client makes all of the investment decisions, with or without seeking advice from the portfolio manager. The portfolio manager usually has the choice of investing directly in a range of assets classes and/or indirectly via several individuals come together to pool their money for investing in a particular asset(s) and for sharing the returns arising from that investment as per the agreement reached between them prior to pooling in the money.  Wealth managers increasingly use platforms to efficiently distribute and operate their services. Platforms are online services used by intermediaries to view and administer their clients’ financial assets and wider financial planning requirements. Platforms enable advisers to take a good and overall view of the various financial instruments that a client has in a variety of accounts. Advisers also benefit from using these accounts to simplify and bring some level of straight through processing or automation to their back office using internet technology. They also offer a range of tools which allow advisors to see and analyse a client’s overall portfolio and to choose products for them including discretionary managed portfolios for clients with sufficient assets. As well as providing services for investments to be bought and sold, platforms generally arrange safekeeping for clients’ assets.

To improve the knowledge about wealth management join Imarticus Learnings Diplama in retail and wealth management course to know more visit here

Make Career in Finance with non-finance Background

 If you are looking for a job in finance they say that it’s mandatory to have a finance degree, but if you really want to work in this field and you don’t have any relevant degree then what do you do?  Still there is a hope.

Every organization wants motivated, dedicated and smart employees to do their work. Finance degrees train students on skills such as financial modeling and data analysis, but may not do much to provide other skills required for success in almost any job, such as communication, problem-solving and time management.

Below are some of the ways to show potential employers that you possess the skills that they desire in an employee, as well as the passion necessary for a successful career in finance. We’ll rate each of these by degree of difficulty to achieve (for example, signing up for a financial course is easier than obtaining an internship) as well as the positive impact it may have on getting you closer to your objective of embarking on a financial career.

1.       Learn Jargon:
If you are looking to make career in finance, then you must have knowledge about Wall Street lingo, difference between dilution and dividend, or between NPV and DCF. Learn some financial terms and
concepts. If you are a non-finance graduate and if you don’t know about financial terms and concepts it will become very difficult to get pass in preliminary interview stages. Interviewers want knowledgeable applicant for finance position, irrespective of his/her educational background.

2. Round off Your Education

Even though you are a non-finance graduate, you can match your level by taking relevant finance courses as per your education level. If you are an undergraduate then courses in economics, accounting or financial analysis will be a great options. And for a graduate students can prefer MBA in finance or CFA/financial modeling program

3. Enroll in Best Financial Courses

There are lots of finance institutes who provide Intensive courses which will help you to boost your skills which are essential for career in finance, such as advanced excel techniques and financial modeling. This are short term courses, as they typically conducted over a few days. But due to these short span programs’, you may need to be familiar with basic financial concepts to derive the maximum benefit from them.

4. Improve Your Knowledge Base

It’s not necessary that you will get full-fledged knowledge from your college degree. You can get plenty of information from local library or online. You might get some paid resources from course providers. Being self-taught in a difficult field like finance demonstrates a number of desirable attributes to an employer such as initiative, passion and drive.

5. Link up with a Mentor

Linking up with a mentor is another way of boosting a financial career. A mentor can be anyone who can influence, who thinks highly of your capabilities and is willing to help you achieve your goals. A mentors can be your favorite professor at college, a family friend or relation with a successful career in finance or someone you know in a professional capacity, such as a supervisor during a previous internship. Don’t hesitate to approach a contact who you think could help you in your job search.

6. Score a Meaningful Internship

Scoring a summer internship still remains one of the best ways to lock in a prestigious full-time job in finance, as many Wall Street firms pick their new hires from the ranks of their summer interns. At the best business schools, an estimated one-third to half of MBA students work for their summer employer after graduation.

But since obtaining a paid internship in finance is likely to be very difficult for a non-financial graduate, one must consider other options such as an unpaid internship or volunteer work with a broker. The opportunity cost that arises from doing such unpaid internships or volunteer work may be offset in due course by the higher earning potential of a finance career.

7. Do Your Best to Get Your Foot in the Door

Grab opportunities! Expand your job search to other locations, and use your network to check for job openings in a financial organization. Try to get an entry-level position with a financial company, even for a non-finance role, may open doors to other career paths in finance down the line.

But for the vast majority of non-finance degree holders, getting a job in finance is likely to pose a significant challenge. This is more so because thousands of positions were reduced by banks and financial institutions in the effect of the 2008 global recession. However, using a combination of the tips discussed above should enable a non-financial graduate to substantially improve his or her chances of launching a career in finance.

So to become part of one of the fastest growing sectors in India, join Imarticus learning, we offer various finance and investment banking courses across many cities in India.

How to Prepare To become a Financial Model

Financial Models are are used to correctly assess a firm’s current state, as well as devise a future state in multiple scenarios. Financial modelling is a skillset that any serious Finance student must have and used extensively when you work for Investment Banks, Analytical/Research Firms, KPO’s, Credit rating organizations, Hedge Funds, PE’s, Venture Capitalists and even Startups!

 Here is a quick 10 question basic quiz to test if you are pro or an amateur modeler!

 1)     To start with the basic, walk us through a sample cash flow statement

2)     What are the two ways that the terminal value of a firm can be calculated?

3)     Define the three ratios that help to analyse the liquidity of a company?

4)     How do you calculate the Debt service coverage ratio?

5)     In Excel, which is more useful LOOKUP or VLOOKUP? When should each be used? And what are the pitfalls of each?

6)     What is the difference between NPV and XNPV? When would you use either? What are the limitations of the two?

7)     What is sensitivity analysis? How do you run a sensitivity analysis on a company?

8)     How do you model a leverage buy out? How is it different from a typical M&A deal?

9)     All things equal, what happens when a firm with a lower P/E ratio acquires a firm with a higher P/E ratio? Will the deal be accretive or dilutive? How does it impact EPS?

10)You do not have time to run an extensive financial model. How do you value a firm in 2 minutes?

 If you were able to answer 8/10 questions (without cheating), you are a pro!!! Model away – your financial models will make us proud!

 If you are able to answer 7 and less, no worries. It looks like you need a refresher!