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Showing posts from July, 2016

Must Know Things for an Investment Banking Aspirant

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I t is common knowledge, that when the number of people interested in a field of study grows, the quality of education offered by various institutes also grows, thereby increasing the expectations of the recruiters of the corresponding industry. This also means that the aspirants in the same industry have to be of in possession of a certain set of skills to get there. Investment Banking is fast becoming the sought after career option, mainly because of the sterling opportunities and benefits that it has to provide as well as the fact that it is a very crucial part of the economy. This is one of the few reasons, as to why students look for career opportunities in Investment Banking.  Aspirants of Investment Banking are either students who have had a background in finance, or have taken courses in the same from some noteworthy institute that offers the same. Some aspirants can also be students who although have no background, but have a substantial interest that they

What is Wealth Management and what makes a great Wealth Manager

Let’s just get what real Wealth Management is about out of the way first. There was a time when most very wealthy people kept their money in massive safes complete with security guard or put their cash away in Fixed Deposits, Real Estate and gold. However Fixed Deposit returns are too low, real estate too illiquid and gold, well let’s be realistic, how much gold do you want to hoard in your tijori. Wealthy people also had lots of advisors, they had accountants, lawyers and even bankers but they really had to depend on themselves to manage their estate. That was fine when you were Wooster and had nothing but time, but these days wealthy people are not just large business families but also corporate honchos and neither have either a Jeeves or the time to spend hours managing their money. What they want is a one-stop shop. One person who takes everything they own and allocates it efficiently across multiple Asset Classes (we will discuss asset classes in another post about wealth mana

EBITDA-Earnings before Interest, Tax, Depreciation and Amortization

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This is one of the most sort out data point for all the traders or investors to take a plunge into stocks of any company. EBITDA is self explanatory; it means that the Earnings that are taken into consideration well before paying out any expenses. General understanding is that companies only have rents and salaries as expenses but that’s actually a myth. Interests on Loans for business, Taxes on earnings etc are also one of the biggest expenses that a company needs to pay. EBITDA does not include these expenses into its calculations and hence not accounting for the costs which do not impact its core operations .The traders use this as a tool to compare two business models. Reason being a retail business or acorporate business might have different expenses and hence it will be difficult to analyze if investing in the retail or manufacturing business would be easy. But if the expenses are not considered then it makes the data so simple that taking investment decisions bec

Big Data Analytics- The Basics

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The past decade has seen some phenomenal changes in terms of how the world works. One of these was when the field of technology went into a whirlwind of developments. In the recent times, with digitalization on the rise and the social media becoming an essential aspect of everyone’s life a new discovery was made. This was the discovery of Big Data , which in most simple terms can be defined as the scores of all kinds of records of people which were so vast in number that it would be impossible to store it all in any traditional storage system. Now rose the question as to where was this data being generated from? This data was generated from various places like the media, for instances movies, T.V shows, the social media and the day to day choices of people and so on. Did you know that every flight that took off led to the generation of around 4 terra bytes of data? And the storage of the same required about 4 laptops with the 1 terra byte of inbuilt storage! With the real