Careers in Investment Banking

Career in investment banking is lucrative and rewarding. The work of an investment banker is to help an organization to raise its funds, by doing thorough study of the market trends, risk involved in investments and study the prevalent economic conditions. An investment banker provides wide-range of services like trading of stock, endorsing securities, and bond, facilitating mergers and acquisitions, maintaining broker-dealer operations, issuing and placement of stocks and providing financial guidance regarding pricing of securities,. The job requires detailed research of financial instruments prior to any investment. Dedication, commitment, hard work, devotion is necessary to excel in this field. A trained investment banker can fetch high returns to the company. One has to be passionate, enthusiastic, pro-active, quick decision makers and should be able to handle difficult circumstances with ease, to become a good investment banker.
 
Course Details
Courses in the field of investment banking are available at graduate and post graduate levels. Diploma and certificate courses are also offered by some institutes. Minimum qualification for under graduate program in investment banking is 10+2. For post graduation, one has to be a graduate in the relevant field. Seminars and workshops are conducted by many institutions. The course provides complete details of working conditions and job requirements of an investment banker.

Career Prospects
Investment banking is popular career options among the youth of India, since it is a good money making job that provides opportunities to grow. Countless opportunities are waiting for specialists in this field. Banks are always looking for skilled investment bankers, who can contribute more towards the growth of the organization. With globalization, the scope of investment banking has widened.

Institutes Offering
In the present scenario, career as an investment banker can be a good option. Several institutions are now offering training and education in this field. Some of the prominent institutes are Institute of Chartered Financial Analysts of India University (ICFAI) (Tripura) and The Society of Certified Investment Bankers, (Hyderabad).

Remuneration
A fresher can earn anywhere between Rs15000-Rs30000 per month. With experience and further skill development, an investment banker can get higher salary packages.

Career in Commerce

Commerce as Career option  

In the field of commerce, one acquires the knowledge of business or trade, basics of economics, nature and fluctuations in market, accounting, finance, marketing, operations fiscal policies, industrial policies etc. The field of commerce consists of a wide range of interdisciplinary branches including Business Administration, Accountancy, E-Commerce, Economics and Marketing, Finance,. Since the Indian economy is one of the fastest growing economies of world, the need for talented professionals, who can contribute towards the growth of the economy, is increasing. Many commerce colleges in India are imparting quality education in the field of commerce. While selecting a commerce college keep in mind the reputation and qualification and experience of faculty members.

Available Course
Many commerce colleges and institutes in India are offering courses in the field of commerce at the undergraduate and postgraduate levels. At the Graduation level, one can pursue Bachelor of Commerce (B.Com), a three-year or four-year full time program and Master of Commerce (M.Com), at the postgraduate level. To be eligible for undergraduate course, the candidates have to pass 10+2 level examination in commerce stream, from any recognized state/national Board. For the PG level program, one should have done Bachelor of Commerce (B.Com), from any statutory University/Institute.

Career Prospects
After completing course in the area of commerce, a student can join any private or government organization as a specialist in any of the streams of commerce, such as accountancy or work as management executive, economics, accounts executive, junior accountant or pursue a career in auditing or banking. Students can also go for CA and CS courses.

Institutes Offering
Some of the top commerce colleges in India are Shri Ram College of Commerce (SRCC) Delhi, St Xavier's College (Kolkata), Loyola College (Chennai), Presidency College (Chennai), Symbiosis Society's College of Arts & Commerce (Pune), St. Narsee Monjee College, Joseph's College Bangalore,BM College of Commerce (Pune) and St. Xavier's Mumbai.

Remuneration
Salary in the field of commerce depends upon the individual’s worth, the college from where a person has completed his course, the standard of organizations and the area of specialization. Private and government organizations have their own HR policies regarding salary of professionals working in the field of commerce.

Admission counselling

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Books to read

Here is a list for great books which students can read is summer holidays

How to win friends and influence people- This book is written by Dale Carnegie. This book will help you establish a good relationship with your friends and faculties. The first copy of the book was published in 1935, and it becomes an instant hit in the market. Pocket books is the publisher of this book.

The power of your subconscious mind- Written by Joseph Murphy, this book will help you to understand your hidden potential and how you can use your mind to get everything which you want to get in your life. A must read for every student. The first copy of the book was published in 1963, and the publisher is Pocket books.

Don’t say yes when you want to say no- This book will help you to gain confidence to speak anybody fearlessly. The book helps in overcoming shyness of a person and helps him/her in becoming assertive in life. This book is written by Herbert Fens Terheim and Jean Bear. The first copy of the book was published in 1975 by Dell Publishing Company.

Emotional intelligence- This book will help you to understand your psychology. This book is written by Daniel Goleman. The first copy of the book was published in 1996 by Bloomsbury Publishing Plc.

Freedom is not free- This book is written by Shiv Khera. This book will help you to become a better citizen of the nation and fight against corruption. The first copy of the book was published in 2005 by Macmillan India.

University of success- This book is written by some of the best authors of world and will help you in self-improvement and getting success in life. The first copy of the book was published in 1983 by Bantam Books.

Business Maharajas- Written by Gita Piramal, this book will give you insights into the lives of some of the best industrialists of India. This book is all about their life, struggles and the success they got through hard work. The first copy of the book was published in 2000 by Penguin Books India Pvt. Ltd.

Psycho Cybernetics- Written by Maxwell Maltz, this book will help you to create a positive image of yourself, which ultimately helps you to reach your destiny. The first copy of the book was published in 1989 by Pocket Books U. S.

Biography of Swami Vivekananda- Read any book on Swami Vivekananda. It will give you tremendous inspiration and motivation to do well in your life.

Chicken Soup for Teenagers soul- In this book you will 101 inspiring stories which will help you to keep yourself motivated. This book was published in 2011 by Westland.

Change your strategy

There was a vegetable hawker in a city. He used to keep his vegetables in a very unorganized way in his pull cart. Day by day his sales were going down and he was finding it difficult to earn for his livelihood. One day he met with an old man who said to him to leave his cart full of vegetables in the evening and take it from him, the next day morning. The hawker did the same as he respected that old man. He left his cart at the place of old man. In the night that old man threw all the rotten vegetables from the cart and only kept fresh vegetables, and decorated the cart in such a way that it was looking very attractive. Next day when the hawker came to take his cart he was surprised to see his cart which was looking new and well decorated. When he went to market with that cart he sold out by midafternoon. That evening when he met with the old man he advised him to change his strategy of arranging vegetables in cart and to keep only fresh vegetables in the cart.    

Same way we also need to change our strategy throughout our lives to get more.

How to use summer holidays productively?

Students get summer holidays every year. Most of the students don't know how to use their summer holidays productively. Here are some tips to use your summer holidays productively.

Summer camp: During summer holidays you can join summer camps. Try to learn basketball, swimming, rock climbing, art as a summer camp? If you love languages, why not try learning sign language? Learn to write, draw, bind books, make photo albums, knit ... the list goes on and on. Try something different that you know nothing whatsoever about, and you will gain a new skill and possibly find a lifelong love. Another upside is that you have a lot of time to practice and put your skill to use!

Study. Particularly if you are a secondary or senior-secondary student, studying remains essential even though the school year is not running. Look over last year's notes, or do some research into what next year's courses have in store. When school resumes, you`ll be grateful that your academic knowledge and skills have not deteriorated. Even if you are in high school student, do your summer assignments in a timely manner and review your notes. You will be grateful when you return to school! Most of the time, the first few weeks of school will be quite a surprise, as your brain has seemingly turned to mush and you have forgotten how to do even the simplest assignments. Keep your brain active, read for school or pleasure, research your own interests, or even just get into crossword puzzles.

How to solve multiple choice questions

How to solve Multiple Choice Questions (MCQ’s)

Multiple choice questions are the questions which have four or five options. And you have to select the right option out of the given options. This type of question is nowadays used in almost all competitive exams and in school and college exams too.

Preparing for the MCQ exams

Unlike essay exams the preparation for an MCQ exam is totally different. In the essay type question, by just having the main headings you can write the whole answer by jotting down your own ideas. But when you are preparing for the MCQ exam, then you need to go through the whole book. Only then you can score very good marks, otherwise you will only get passing marks. So when you are studying from the start of the session then you need to underline all the important lines of the chapter from where the question can be framed. This underlining of the important lines will help you a lot during the exam time. And by just by reading these lines you will be able to prepare for the exams. This is the most effective way to prepare for the MCQ based exams. The other way for preparation for MCQ based exam is to go through all the previous years’ papers and solving them in the given time frame will help you a lot. When you are going through the old question papers, go through all the options which are given in the questions. By doing so, you will get an idea of the part of the chapter from which the question is asked. Sometimes you will find reframed questions from old question papers with the same options. So be ready.  Because the examiner can ask the question from any part of the chapter of the book, you need to prepare from the entire book.

Starting a multiple choice exam

First of all you should fill all the details asked in the Candidate identification grid. While filling this information you should be very careful, because sometimes the wrong information means cancellation of your answer sheet. So be careful while writing the details of personal information. While filling the answers, make the circle in a proper way. If your circles are not properly rounded, then your answer will not be considered and no mark will be allotted for that particular answer. While filling the answers, fill them carefully, sometimes in their hurry students fill in the wrong answers. Sometimes one wrong answer leads to the wrong answers of many more questions. How does this happen? For example you have filled the question-5’s answer in the circle of answer- 6, and so on; in this case all the answers you mark will be wrong after five. In such a case if you find the mistake then try to change the answers quickly and if time is not sufficient then you need to ask for extra time from your invigilator to rectify the mistakes. So it is very necessary for you to be careful while filling the answers.

Some quick tips for MCQ exam

• Be sure to fill the answers of every question, if negative marking is not there. And if negative marking is there then answer only those questions about which you are sure.
• Fill the answers carefully at the right space.
• Completely erase the wrong answer.
• Be sure not to mark two options for the same question. This will cancel your marks for that question.
• Work fast during the exams, first solve the easy questions.
• Underline the keywords in the question booklet. Words like many, some, none, always, never, more, best, bad, sometimes, less, are a sample of key words which can help you to understand the question fast.
• Mark the questions which you want to reconsider.
• Check all the answers and personal information before handing over the filled sheet to the examiner. Mark the answers on the question paper also so that you can check it with your answer sheet.

Reconsidering questions and changing answers of MCQ’s

Some research has been conducted on the issue of changing the answers of MCQ’s. The results of the studies suggest that if you have a good reason or a strong idea that the other answer choice is correct, then you can change it.