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Financial Advisor Skills & Competencies:Financial advisors should have the following skills to perform their job success...
18/07/2020

Financial Advisor Skills & Competencies:

Financial advisors should have the following skills to perform their job successfully:

• Interpersonal skills: The ability to manage relationships with clients, staff, and others inside and outside of the firm, which includes dealing with failure and dissatisfied clients.

• Analytical skills: The ability to account for a range of information, including economic trends, regulatory changes, and the clients risk tolerance when determining an investment strategy.

• Communication skills: The ability to distill complex financial concepts into information that clients can understand.

• Math skills: The ability to work well with numbers, as math is necessary for performing calculations, analyzing financial data, and determining a financial strategy.

• Sales skills: The ability to successfully acquire new clients and explain investment ideas to existing clients.

• Stress management skills: The ability to work well under pressure to deliver client information on a timely basis.

Education: A bachelor’s degree in finance, economics, accounting, business, mathematics, or law is good preparation for this career.

Coursework may include investments, taxes, estate planning, and risk management. Programs in financial planning are becoming increasingly available in colleges and universities. Also, a master's degree in business administration or finance can increase the chances of moving into a management position and attracting new clients.

Training: New employees often receive on-the-job training usually for more than a year. New advisors work under the supervision of senior advisors and learn how to perform their duties, including building a client network and developing investment portfolios.

Job Outlook
According to the BLS, employment of personal financial advisors is projected to grow 15% until 2026, much faster than the average for all occupations. A growing number of baby boomers are nearing retirement and will need guidance from personal financial advisors. Also, longer lifespans will lead to longer retirement periods, which will also increase the demand for financial planning services.

Work Environment
Financial advisors primarily work in offices at small or large firms. Some travel may be required to attend conferences, seminars, or networking events to bring in new clients. They may also need to travel to clients' offices or homes.

Work Schedule
Most financial advisors work at least 40 hours per week. They often go to meetings on evenings and weekends to meet with clients

The best career options available after CFA (Chartered Financial Analyst) are:CFA (Chartered Financial Analyst):CFA cove...
14/07/2020

The best career options available after CFA (Chartered Financial Analyst) are:

CFA (Chartered Financial Analyst):
CFA covers various aspects of the finance segment and involves more of analytical work that aid the company in various ways. It covers topics like quantitative methods, economics, financial reporting and analysis, tax analysis, equity investments, portfolio management, and performance measurements. The average salary of a CFA is Rs 616,186 in the Indian market. In case, one wants to pursue a career completely into finance segment, then CFA is one of the best career options.

Eligibility: Graduation + 2 years of professional work experience

Duration: 2 years 6 months (for all three level of exams)

Top employers: JP Morgan Chase, UBS, Citigroup, Bank of America
Avg. salary range: 6.5 lacs to 18 lacs

1. Portfolio Manager (one of the top career options) –

The role of a Portfolio Manager is to manage the investment portfolio of the clients. They need to choose the appropriate assets to invest in, to yield the desired returns. A Portfolio Manager creates a portfolio considering various factors like the amount to be invested, the duration of investment, yield on the investment, risks involved, etc.

2. Research Analyst –

A Research Analyst works on the company’s data and performance. They analyze the data to identify trends, perform variance analysis, forecast the performance and potential growth. They provide recommendations based on the data analyzed to the management and create reports. This helps companies form strategies and take measures that will aid them in tackling the risks and achieving their goals.

3. Financial Advisor –

A Financial Advisor helps direct the funds into the right invest streams. They advise the clients on the instruments and investment options available in the market. They also provide advice on ways to save tax and to gain the maximum benefit out of the tax schemes.

4. Risk Manager (one of the top career options) –

A Risk Manager is well versed with all the types of risks that are involved in a business. A Risk Manager analyses the risks that the company is facing currently or the risk that the company is likely to face in the future. After analyzing the risks and the causes, they provide recommendations for the measures that need to be taken to prevent the company from facing those risks.

5. Corporate Financial Analyst (one of the top career options) –

A Financial Analyst is responsible for managing and controlling the financial status of the company. They study the macroeconomic and microeconomic conditions in the economy and work on solutions that will help them grow and sustain in the economy. The analysis also helps in strategizing the business plans to aid smooth functioning and expansion of the business.

The best career options after the CPA ( Certified Public Accountant) are:CPA (Certified Public Accountant)CPA is an exte...
09/07/2020

The best career options after the CPA ( Certified Public Accountant) are:

CPA (Certified Public Accountant)
CPA is an extensive course that covers the accounting subject. The course not only covers the accounting topics but also subjects like law, analytics, taxation, auditing, evaluation, regulatory frameworks and procedures, ethics, planning and management of finances. The average salary of a CPA is Rs 722,410 in the Indian market. What makes it one of the best career options is the honor and respect the designation brings you.
Eligibility: Graduation and above
Duration: 2 years
Top employers: JP Morgan Chase, Wells Fargo, Citigroup, UBS
Avg. salary range: 7 lacs to 20 lacs

1. Financial Analyst (one of the top career options) –
The role of a Financial Analyst is to create financial models to make the processes efficient and accurate, analyze the financial statements to optimize the performance and take preventive measures, research and identify trends for forecasting and much more.

2. Forensic Accountant –
Forensic accounting is detecting any fraud instances in the system. Forensic Accountants investigate cases of fraud, bribery, money laundering and other types of crimes involving finance. Forensic accountants also help resolve the financial disputes in the organization.

3. Tax Accountant/ Manager –
A Tax Manager or Tax Accountant looks after the tax-related process in the organization. This includes recording and filing taxes, forming tax-saving strategies, compliance with the tax laws and regulations, utilizing the tax scheme for the benefits of the organization.

4. Auditor (one of the top career options) –
An Auditor examines the financial and non-financial operations in the organization. Auditors evaluate the processes and prevent fraud, theft, and errors. Auditors are in charge of the internal controls and they ensure that the company complies with the regulations and laws.

5. Information Technology Audit –
Information Technology Auditors are responsible for detecting flaws in the technical infrastructure. They ensure that the accounting systems are secure, and the regulations are being complied with. A robust and efficient financial system ensures the security of funds and prevents frauds and thefts.

6. Business Valuator (one of the top career options) –
The role of a Business Valuator is to analyze the financial data and potential of the company to be acquired or merged. The Valuator considers the profit/ loss, revenue, growth rate, future growth potential, and other factors to determine the fair value of the deal.

7. Financial Planner –
Financial Planners help individuals and organizations direct their funds into the right investment schemes. They analyze the requirement of the client and suggest an investment plan accordingly. The main objective of the Financial Planner is to optimize the investment to yield the desired output by identifying the right assets to invest in.

The best business Analysts skills:• Good Understanding of the Objectives:This is not just a business analyst skill but a...
07/07/2020

The best business Analysts skills:

• Good Understanding of the Objectives:

This is not just a business analyst skill but an important skill for every role. The responsibility of a Business Analyst not just includes analyzing and providing a solution but also making sure that the output is achieved with the plan and measures. To achieve the output, it is important that the person understands the objectives well and knows what is expected or required.

• Good Communication Skills:

The role of a Business Analyst is quite data-driven, and as such, asking insightful questions to obtain the right information becomes extremely important. To make this possible it is important to communicate the message correctly so that the other person understands.

• Good at Time Management:

Like every other role, a Business Analyst too has to ensure timely delivery of output. The major reason behind the time management skill being so important is that the Business Analyst has to coordinate with several departments and people who could be internal or external members of the organization. The person also needs to prioritize the tasks to get work done on time.

• Good Research skills:

Reaching your goal of finding the apt solution is not just about analyzing the problem. Where you might be able to obtain some information by asking, others need to be obtained through researching.
The reason this is an important business analyst skill is that it adds credibility to the idea or solution. It justifies why the recommended solution is the correct measure or approach to the business problem.

• Good Analytical skills:

This is the primary Business Analyst Skill that a person needs to have and won’t be compromised on by any organization. Interpreting and Analyzing helps to understand what and where is the problem. Unless one understands the problem, they might not be able to arrive at the right solution. Analysis improves the problem-solving skill of a person, which is a desirable attribute for a Business Analyst.

Career in Finance after B. Com:In today’s dynamic and ever-changing job market scenario, just having a bachelor degree i...
05/07/2020

Career in Finance after B. Com:
In today’s dynamic and ever-changing job market scenario, just having a bachelor degree isn’t enough to get you a secure and good position. Students must have correct information and extra competencies along with their B. Com degree to face the robust competition in life.
It is commonly believed that earning a bachelor’s degree, significantly B. Com degree within the commerce stream could be a pretty smart move in respect to career and also the minimum requirement to land a regular job.

If you are looking for a career to improve your salary package then there are many courses available for obtaining a good salary. Though this is often correct, it could be deceptive occasionally.
Some popular career paths in Finance include:
• Financial analyst
• Financial controller or director
• Manager of a finance department
• Chief financial officer
• Commercial or investment banker
• Real estate or insurance finance manager

If you are wondering what are the options in finance for me, then you need not worry, we got it covered. Just follow the list of courses below which you can venture into after completing Bachelor of commerce degree.

Choices after B. Com for career in Finance:
• MBA in Finance
• Actuary
• Certified Financial Planner
• Economics Degree
• Chartered Alternate Investment Analyst
• Financial Risk Management
• Financial Modeling
• Investment Banking Courses

The demand for taking up a career in banking, among young aspirants is rising than ever before!For a developing country ...
01/07/2020

The demand for taking up a career in banking, among young aspirants is rising than ever before!

For a developing country like India, banks are considered as the backbone of the country's economy. The global turmoil in the financial segment that occurred a few years ago had the least effect on our country's banking sector because of our sound banking and financial system.
The banking sector in India is gearing itself and there are much more private banks to come in the near future. All of these bring in huge career opportunities for those who aspire to become future bankers.

Skills required for a Banking career:
• Customer Dealing
• People with patience
• People good with numbers and accounting
• Good Analytical Skills

Preparing for a Career in Banking:

There are various positions available in banking sector out of which the two major ones are clerks and probationary officers (P.O.)/ management trainees (M.T.)

Recruitment of clerks in bank:

Age limit: 18 years to 28 years.
Educational qualification: 60% aggregate marks in 12th.

The qualifying examination is in the form of written examination and it involves multiple choice questions. It consists of a test of reasoning ability and numerical aptitude, test of clerical aptitude, test of English language and test of general awareness.
The candidates will be selected based on the final merit list and this is jotted down based on the aggregate of marks in written examination and interview.

Recruitment in Officer Cadre:

Mostly officer cadre is filled after promotions in clerk positions and at times to meet the rising demands direct recruitment are also done. The minimum age group for entry into officer cadre is 21 years and maximum is 26 years or above as decided by the individual banks. Educational qualification of 55% marks is required in any graduate program from a UGC recognized university. The qualifying test for probationary officers includes data interpretation and logical reasoning, general awareness, English and verbal reasoning.

Other Career Options in Banking Sector:

Other opportunities available in banking sector are financial managers, Bill and account collectors, bank tellers, loan officers, financial service representatives, book keeping and audit clerks.

Investment Banking Jobs – Bond Salesman:If you want to be in bond sales, brush up on your people and negotiating skills ...
29/06/2020

Investment Banking Jobs – Bond Salesman:

If you want to be in bond sales, brush up on your people and negotiating skills as well as your maths.

What does a bond salesperson do?

A bond salesman’s primary responsibility is to facilitate trades between institutional investors and the bond traders within his or her own firm. Sales people are the relationship managers for their firm’s bond investors. They are evaluated by how much business they do with these clients and how profitable that business is.

The hardest part of the salesperson’s job is that he or she won’t always know what a client wants to do — at times it can even be hard to determine what they are actually doing. Even if you know what your clients are after, and you convince them to show their business to you and your firm, you will still need to get your own firm’s trader to show prices that will work for your client. Your trader must then be able to make money from that trade by selling it at better price than what he paid for it.

There are no commission on trades on the bond market, because it is an over the counter market. Unlike the equity market, where there is a standard commission rate added on to the trade (credited to the sales person and paid by investors) there is no additional commission in the institutional bond market.

In this way, the bond market is similar to the foreign exchange, money markets and most derivative markets.

What does it take to become a good sales person?

To become a bond salesman, good math skills and an understanding of financial markets are a must. Obviously, strong sales skills are vitally important. You have to be able to sell yourself, your ideas, your traders and your firm to your clients.

You also need to be able to sell your clients to your traders and your firm. The best sales people become trusted confidants of their clients.

How do I become a bond sales person?

The best starting point is to get an undergraduate degree in commerce, mathematics or finance.

Passing the Canadian Securities Course (CSC) exam is a regulatory requirement to work in the industry. Many sales people also obtain the Chartered Financial Analysts (CFA) designation while working.

Is becoming a bond salesman a good career decision?

If you are an aggressive, personable, smart person who has good negotiation skills, this could be the job for you. As mentioned above, sales people are evaluated by both the amount and profitability of the business they do with their clients.

Getting clients and traders to transact together can prove to be a difficult thing to do. At the end of the transaction, one of the two parties (trader and client) will be left with a profitable or unprofitable trade (by the trader) or money saved or missed (by the client). Bridging those two outcomes between client and trader can be the hardest part of the job.

This is a job that is very hard work but also very exciting and fun. The best sales people I knew, had good, trusting relationships with their clients, understood completely what their clients needed to do, and were able to get their traders to buy into the client relationship.

If you want to be a bond salesman, those are skills worth harnessing.

Derivatives Jobs and Professionals:What are Derivatives Jobs? Who are Derivatives Professionals?As the name implies, a d...
27/06/2020

Derivatives Jobs and Professionals:

What are Derivatives Jobs? Who are Derivatives Professionals?

As the name implies, a derivatives professional is someone who creates trades or sells derivative financial products. There are three aspects of an individual that would make them suitable for derivatives jobs:

1. Educational background
2. Personal background
3. Potential for growth

There are three kinds of firms that are involved in the use of derivatives:

1. Investment banks
2. Commercial banks
3. End-users (mutual funds, corporations, hedge funds, floor traders, etc.)

Qualifications for Derivatives Jobs:

Educational Background:

There are many people who believe that the only candidates who should be considered for positions as derivatives traders are those individuals who have graduated from MBA programs.

Having an MBA, especially one from a good school, is a signal to the rest of the world that a well-respected institution has screened you and determined that you have the capacity necessary for the work of derivatives jobs.

Often, the people who hire derivatives professionals are unskilled when it comes to making decisions. More often than not, the people who rise to management positions in derivatives products groups come from a technical background in which they have no previous responsibility for other people.

They are placed in these leadership roles because of their understanding of the product. The MBA acts like a “tell” or market signal.
They do not have to be able to reproduce the mathematics behind the Black-Scholes equation. They should be able to intuitively understand the implications of the Black-Scholes model and the logic underlying the set up of the computer applications upon which derivatives practitioners rely. They cannot be people who are easily bamboozled. They can explain difficult technical concepts in easy-to-understand language.

Any academic background is good preparation for derivatives jobs if its end result is an individual who can think independently, quickly, and rationally on his or her feet.

As in all things, balance is the best solution. A solid derivatives desk will have people from a variety of backgrounds whose strengths can complement one another and who can compensate for each other’s weaknesses.

Overview of Derivatives Jobs and Derivatives Professionals:

The great derivatives players are looking for two things when hiring for derivatives jobs: excellence and motivation. They do not care in what endeavor this has been achieved. They want people who are the best at what they do. It is an intensely competitive arena.
Anyone can be a good derivatives professional if they work hard and learn from the best people. After all, it’s not rocket science. It’s sales and trading.

Top 4 Financial Jobs You Can Do From Home>For many people, being able to work at home gives them the best of both worlds...
24/06/2020

Top 4 Financial Jobs You Can Do From Home>

For many people, being able to work at home gives them the best of both worlds. They have the job security and income of a regular full-time job without the time, expense, and hassle of going to an office. The financial industry has seen an increasing number of jobs that allow for virtual work. These jobs range from full-time corporate positions to opportunities for entrepreneurs and independent contractors. Below, we provide a breakdown of four of the highest-paying virtual positions available in the financial sector.

1.Day Trader:

A day trader holds positions in stocks for a very short period of time, often minutes to hours, and makes numerous trades each day. In most cases, all open trades are closed before the end of the day.

To be successful, day traders need the following:
• A long-term trading strategy and access to up-to-the-minute market information including real-time quotes.
• The ability to correctly interpret the short-term movements of the markets.
• Continuous access to multiple live news sources, such as CNBC or CNN.
• Analytical software, which allows day traders to discover trading patterns much faster and reduce trade ex*****on times.

2. Financial Writer:

While a career as a financial writer is perhaps one of the least publicized in the industry, talented and experienced writers are constantly in demand. There has been an explosion of financial news, literature, and websites over the past two decades along with an increased demand for professional financial education and training.

3. Independent Financial Planner:

Independent financial planners and advisors can base their offices out of their homes as long as their homes provide a professional backdrop for their practices. A client would expect a financial planner to live in a more affluent neighborhood with a dedicated area for the home business as opposed to a poorly maintained apartment in a neglected area of town. In addition, some business licenses will only allow one client to be at your home at one time.

4. Corporate Financial Careers

This last category of work-at-home jobs encompasses several different service areas including financial analysts, certified public accountants, tax researchers, computer programmers, and many others. An increasing number of these jobs are outsourced to independent contractors.

What’s Involved in Being a Venture Capitalist?A love of innovation, finance and hunting for acquisitions are key for any...
22/06/2020

What’s Involved in Being a Venture Capitalist?

A love of innovation, finance and hunting for acquisitions are key for anyone wishing to succeed as a venture capitalist.
There’s a lot more to being a venture capitalist than raising money.
While a background in finance is important for those wanting to succeed in this field, great venture capitalists also have an understanding – and passion for – entrepreneurship and they take an active role in shaping the companies they invest in.

Venture, or private capital, basically involves investments from outside the public markets, and revolves around raising money from other people (limited partners) – not primarily investing your own funds.

“(Venture capitalists) always put some of their own money in, but they generally raise their funds from other people and then they invest (those) funds.” A big part of a venture capitalist’s job is to find companies to invest in, usually in one of three sectors: tech, health and life science and clean tech. An average fund will get around three thousand deals a year thrown at them, look at a thousand, do serious due diligence on 100 and invest in six, he added.

“The big advantage that venture capital has over, basically, every other type of money you can go get, is they depend on the VCs to help in some way or another. A successful entrepreneur looking to flip to venture capitalism will likely have to learn the basic finances, possibly doing something like a Certified Financial Analyst (CFA) or Chartered Professional Accountant (CPA).
“It’s rare to see venture capital folks out there have zero financial capability, and I would say that the ones that are most successful have finance first with other things involved – or they have a financial background but they started two companies and succeeded.”

Private equity firms are a bit easier to get into because they are in a bigger space and tend to hire more staff than VCs.
While venture capitalism is an exciting field that competitive, innovative and numbers-driven people can thrive in, it’s also difficult to break into and not well-suited for those who aren’t up for the daily challenge.

“There’s a lot of money to be made in the ecosystem, but it’s a very risky asset class and there’s only a few that succeed.”

5 hiring trends in the accounting and finance profession:Accounting is a great industry to get into. It doesn’t matter i...
20/06/2020

5 hiring trends in the accounting and finance profession:

Accounting is a great industry to get into. It doesn’t matter if companies are reporting numbers that are red or black or big or small, they still have to report numbers. The good news is a lot of companies are seeing growth.”

Finance skills in demand:

“Companies are looking to get more from their finance and accounting support. Typically, that ‘more’ is more commercial insight … bringing the back office and the front office together, being across pricing as well as commercial and operational trends.”

The evolving CFO role:

“Clients are looking for all-rounder’s with breadth of experience – someone who can do a lot more” .A CFO’s territory now covers HR, IT and strategy.“Organisations are looking for candidates to be more hands-on as well.”CFOs need strong stakeholder skills encompassing leadership, communication and business partnering “When they’re hiring a CFO or head of financial, companies want someone who can drive revenue. They want someone who can help the company make more money, which wasn’t the case previously.”

Employers seeking IT skills:

Today, employers are increasingly looking for specific IT systems experience as organisations shift to cloud-based technology. Employers want candidates with strong skills in data and modelling as well as Excel, says Meehan, who explains they want “someone who can look at big sets of data, pull reports that add value and present them to the business”.

Work-life balance for finance professionals:

“Companies are providing personal trainers on a weekly basis or an extra level of health checks, and information sessions on diet and exercise”.
“There is recognition from most employers that they stand a better chance to retain their best staff if they’re offering work-life balance.”
Not all employers deliver on what they promise, however. “Many say they’re going to do a lot of things: offer work-life balance, or a job share, or a start early or a pick up the kids early. “But unfortunately, it doesn’t always turn into reality.”

Attracting millennial employees:

The push for work-life balance comes largely from younger members of the workforce. The younger generation’s motivating desire to do more interesting work.“They want to meet the CEO or face off to the senior business team or deal with the sales teams,”. “They want exposure to the business, rather than sitting in a corner producing reports.”

Investment Dealer Jobs – Bond Trader: What Does a Bond Trader Do?Math skills, quick instincts and creative thinking are ...
17/06/2020

Investment Dealer Jobs – Bond Trader: What Does a Bond Trader Do?

Math skills, quick instincts and creative thinking are key to becoming a great bond trader.

A bond trader’s primary responsibility is to make secondary markets to investors. Traders buy and sell bonds with investors and their competitors on a principled or agented basis. Each bond trader is allocated capital to maintain an inventory of different principled bond positions.
Trading is an exciting but stressful job. Traders have many objectives. They must make money for their firm by getting a good return on the capital invested, do business with investors and provide secondary trading levels and insight as to what is really happening in the market to issuers (through their origination colleagues).

What does it take to be a good trader?

There are many capabilities needed to be a good trader beyond the obvious math skills. The ability to react quickly, to avoid letting emotions guide your decisions and to think outside the box are some things most would agree on. But the investment business is also an information and relationship business. It’s important to develop an ability to establish and maintain strong relationships with investors, issuers, colleagues and even competitors to be a successful trader.

How do I become a bond trader?

There is no one specific way to become a bond trader. An undergraduate degree in commerce, mathematics, finance, programming or engineering are all common starting points.
By far, the best way to get your foot in the door is by getting some on-the-job experience through a university co-op program, so going to a university that has a record of placing students in the finance industry is key.
Passing the Canadian Securities Course (CSC) exam is a regulatory requirement to work in the industry, and getting the Canadian Funds Course (CFC) prior to submitting an application is also a good idea.

Graduate degrees in commerce or mathematics aren’t necessary to become a trader, but they can help you get into the industry. Many traders obtain the Chartered Financial Analysts (CFA) designation while working (there are three levels, usually written one per year). Some candidates manage to pass level 1 prior making an application, but that is not common.
Many investment dealers hire graduate students into a sales and trading rotational program. These recent grads rotate into several different businesses, getting on-the-job experience in both sales and trading. Usually, it quickly becomes clear which grads are good candidates to be traders and which ones are best suited to become salespeople.

Is becoming a bond trader a good career decision?

Bond trading is not for everyone. It’s highly stressful and very demanding both emotionally and intellectually. There are times where you feel like you’re the worst trader in the history of capital markets, but if you don’t get too down on yourself too much, you can always find a way to turn things around. And if you’re good, it can be a fun, exhilarating and lucrative job.

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Delhi

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