finmark Says

Hi..I have started this website for people interested in Equity Research...please let me know what do you think o it...Equity Research Reports

This is quite cool finmark.

Infact, I just flashed the website in the equity markets thread.
I have used it quite a lot over the last few days.

Cool stuff. Keep it going.

Treasury - can be trading, sales or midoffice/backoffice
Both sales and trading are very highly rewarding and high stress careers.
Midoffice will be more towards risk mgmt.

Credit appraisal/monitoring - is a risk mgmt activity. you would be looking at credit notes and evaluating them for sanction (appraisal) or performance (monitoring) Steady career with a wide range of opportunities. Appraisal would be better than monitoring.

Risk mgmt - is most likely portfolio analytics though it could also be market risk/operational risk. Similar to credit appraisal except slightly more macro. Better to do hands on work in credit first.

For those who do fundamental equity research; I have found that this site is a good free resource for reports on Indian companies - Equity Research Reports
:cheerio:

Posting on behalf of my friend.
___________________________________________________________
FLIP, in association with ICICI bank, Kotak Mahindra bank and YES BANK, presents the FLIP National Challenge 2010, for B-school students across India.
To participate, students need to write FLIPs certifications in the area of their interest:
Final Year students: Corporate Banking / Treasury and Capital Markets/ Wealth Management

First Year students: Finance and Banking Fundamentals
The top ten certified candidates in each category get THREE role specific PPIs from the Challenge Partners: for Corporate Banking, Capital Markets and Wealth Management!
Prizes :

1. Role Specific Pre Placement Interviews (PPIs) for the top 10 certified candidates in each of the certifications with ICICI Bank, Kotak Mahindra Bank and YES BANK
   
2. Cash Prizes of Rs 30,000, Rs. 20,000 & Rs. 10,000 for the 3 toppers in each of the 4 certifications: a total of Rs. 2.4 lakh.
   
3. Summer internship interviews with Challenge Partners for the first year students
   
4. Resume and interview guidance from senior bankers
   

Certifications can be taken at FLIP centres across India. Slots for the computer based exam are available 6 days/week.

For details, and to enrol, please visit www.learnwithflip.com or call at +919243-666002/003

Finally, a certification on Equity Research

NSE - NCFM Registration Form

Nice article on retail banking careers.

Good to see the roles fleshed out, usually retail is looked down upon by lot of MBA grads..

Its important to know that retail banking is the largest recruiter of all the divisions. It may not be glamourous, but it sure is a steady career. And in India, with millions of citizens yet to access banking services, it is growing fast. Remember, in banking, as in everything else, focus counts. If you focus on an achievable objective you are likely to crack a job. And if the work you do matches your skill sets, there is no stopping you.

Roles and careers in retail banking

Hi .. thanks for your reply.

I understand that not serving the notice period is not the best way to leave, but i am willing to pay for the notice period.
Can you please tell me what legal action can the company take against me if they declare me absconding ?? What legal notice can the company send and how can this impact my new job?

Please suggest.

In about 98/100 cases nothing really happens, even if you are declared absconding.

But the chances of your company going to all that trouble (even to make you stay/declare you absconding) is very very low. Especially if you are polite and tell them clearly that you made a mistake in joining.

So just keep things good and polite and they will let you go (nobody likes a resigned individual in his organisation for 3 months). Don't offer the money for notice period upfront. Initially just try and getting out the normal way, if you don't have too much responsibility, they'll probably let you go anyway.
They might even give you a relieving letter.

Just avoid any showdown/altercation and you should be fine. Don't worry too much about legal notices. I know you can't share your company name publicly, if its a large company, I can probably give you some specific inputs on how to deal with it. PM me, if required.

Hi,
________________
Regards,
Bharat

Bharat,

In all honesty, It does not make much sense to shift from the IT industry.
In BFS, either you will get no value for your experience, or you will end up in an IT role in a bank/FI.
Now, why would you want to do that? It's a non core job, nowhere close to revenue or visibility.

My suggestion is that you look at a domain expert role in IT-BFSI. Cap Gem has a great consulting practice.
Try building domain knowledge and also some soft skills.
Now, if you are hell bent to switch, look at banks like Yes Bank that have a good technology backbone (because they are new, they don't suffer from legacy systems) and look out for profiles like yours.

As for the distance MBA. It's not much value for a profile like yours. The FRM should do just fine.

Hello all,

This is my first post here at Pagalguy forums. I went through the forum and found this to be an apt place for me to be. I do not know if this is the right place to post this, please excuse me if this is the wrong place for posting what I'm about to do.

I have done my BMS(Bachelor in Management Studies) and now I'm looking to give my CET exam(along with some others like NMAT) in Feb. 2011. I wish to do MBA from a reputed institute after that. The issue with me as that I am not sure what specialization to take. I was going through one of the threads in this forum where someone suggested that one gets a good idea about what suits him during the first year of MBA and one is in a better position to decide which specialization to take. I want to confirm this. Is it that in the first year we get to know about all the specializations? I'm very confused. I also want to know if Finance and Accounting are two different specializations. I'm very bad at accounts and to be honest I don't like that subject at all. If Finance and Accounting are different specializations, please tell me what is the difference between the two. Looking at the scope and demand for finance, I'm attracted to this field but I do not like accounts. So if finance means having good knowledge of accounting, my troubles would only aggravate. I have heard Finance involves studying about shares, mutual funds, insurance etc. Is that true? If yes, is it advisable to do some course in this line while I'm doing my CET classes?

I don't like the subject of accounts. I am also not an extrovert and I do not like to interact with people. This means I would not fit into marketing even though I have interest in advertising and can interact well.

I'm extremely confused... please tell me what I should do. Will I get a clear idea during my first year at a B-school about which specialization I should take or should I make up my mind now itself and start learning more about that particular specialization?

They are very different indeed. Don't worry, even if you hate accounting you can still do well in finance. But the decision needs to be far more thought out than just this.

Accounting is the entire process that starts from recording entries to consolidating and making financial statements.

Finance is a very different ballgame. Difficult to define, since it has taken on such a wide ambit of roles over the last few years, but mostly to do with funds.

There are 2 basic branches - Finance in corporates and in financial services industry.

In corporates you would be looking at managing its treasury (funds) and trade services if it is into impex.
In banks/fs there are many many different roles that can vary from sales (front-end) to servicing (back office) to analytical (mid office) type of roles. Too many to define at least.

Overall, its way too early to look at specialization. But great idea to look at some basic courses that will help you through the process also. Don't worry, just work hard at the next obstacle in your way...MBA entrance. You can cross the specialization bridge when you come to it.

@any helpfull person
hey i am a fresher..wud start my mba pgdm(finance) this year from ifmr Chennai..also wud be writing cfa l1 this December...
i wanted to know that..the placements that happens in 2nd year of mba wud be completly different in terms of job profiles then equity research that we expect after cfa..
so if we really want to use our cfa then i think the college placements wont be suitable for us rit...
so my question was how and where should we apply for specially cfa based job of analyst or in equity research...after that we wud have cleared l2 or l3 of cfa?????????
(is there any chance that company coming for placements in college sees that ur a cfa and recruit u for equity research and not the general finance profile)

Your best shot is on campus and through campus placements.
A CFA won't hurt, especially since you are so focussed on an equity research job.
There are two basic types of ER jobs in India - backend (for x country) and frontend (Indian companies)
Getting through frontend is tough, you can try after couple of years post MBA exp.
To get through on campus, ensure you get really good marks. This is something that will matter a hell of a lot.

CFA will definitely add value, but not at the cost of screwing up your acads in college. Much easier to take a couple of relevant short term certifications that show your interest in the field.