Sunday, October 21, 2018

CFA - Salary & Compensation

If you look into the brains of students who are pursuing CFA Program with all their might, we will see one thing common. They have an immense urge to earn big.

  • CFA is not an exam that can be passed by anybody. Even CFA shouldn’t be pursued by everybody. It’s a very tough-nut to crack and to pass the exam, you need to let go of your weekends and any left-over relaxation in weekdays (we assume that you’ve been working full-time with an organization).
  • Most people jump in to pursue CFA exam without doing proper research. They just go with the flow. But if you’re someone who wants to pursue CFA, you need to check the data before you take the plunge.
  • In this guide, we will try to investigate whether CFA is the right option for you if you’re looking for a hefty amount at the end of the day.
  • To be precise, we will answer one question – “Is CFA as valuable as it seems (of course in terms of compensation)?”

CFA Top Employers:

According to the statistics of June, 2014, it was found that the top occupation after completion of CFA is of Portfolio Manager. 22% of all the members go for Portfolio Management. After Portfolio Management, the second top position is taken by Research Analysts (15%). Then gradually Chief Executives (7%), Consultants (6%), Risk Managers (5%), Corporate Financial Analysts (5%), Relationship Managers (5%) and Financial Advisors (5%) take their respective places.
  1. JP Morgan Chase
  2. PwC
  3. HSBC
  4. Bank of America Merrill Lynch
  5. UBS
  6. Ernst & Young
  7. RBC
  8. Citigroup
  9. Morgan Stanley
  10. Wells Fargo
As per the industry, here are the average salary details of CFA holders in India –(It can be clearly seen that in India the compensation of CFAs is not at all up to the mark.)CFA salary
It may seem that in India, the compensation of CFAs is lowest, but if you consider the cost of living in India, the compensation is quite high in comparison with the other professions. In this section, we will look at the future and would try to see how much employment market will increase in terms of percentages.


Friday, July 13, 2018

Earn a Rewarding Career in the Financial Industry by acquiring the CFP Certification


 


The growth of the financial sector in India makes financial planning one of the fastest growing professions. The estimated demand of financial planners is around 50,000 CFPCM professionals in the banking and financial services industry in India. However, till April 2018, India has had only 1766 CFPCM professionals. This makes CFPCMCertification to be amongst one of the most sought after certifications.
Which is why, ICICIdirect Centre for Financial Learning offers CERTIFIED FINANCIAL PLANNERCM(CFPCM) training programme, to give aspiring professionals an opportunity to start a successful career in the financial services.
Prominent: Rated as "One of the best Jobs" by U.S. News and World Report, 2012
Credible: Rated as Gold Standard by Wall Street Journal
Globally Recognised: The most recognised and respected financial planning certification in 25 countries
In Demand: Supported, recognised, promoted and preferred by 48 organisations of the BFSI Industry
Source: www.fpsbindia.org
New batch for CFP Classroom is starting from July 21, 2018
For more details call Nidhi on +91 9717935182
Regards,
ICICIdirect Centre for Financial Learning (ALC), Pitampura

Thursday, July 5, 2018

‘It’s never too late to start financial planning’

Having a financial plan is a relief for Bhaskar Ganguly as it has secured his future

Sunday, June 17, 2018

NISM - Advanced Certification in Financial Markets (Batch-3)

**(Registration open for 3rd Batch till Aug 16' 2018)



National Institute of Securities Markets and ICICIdirect Centre for Financial Learning
present
Advanced Certification in Financial Markets
Grow your knowledge and career too!!!

Advance Certification in Financial Markets:  A joint Certification by National Institute of  Securities Markets and ICICIdirect Centre for Financial Planning for a career in Advisory, Wealth, Distribution, Operations and Compliance in Financial Markets.

About the Programme: Financial markets play an important role in the economy. There is a  strong positive correlation between growth in financial markets and economic growth. With changes in the external environment, financial markets too are undergoing a huge change, resulting in changing expectations of recruiters. Some of the changes impacting the Industry are the need for quicker decision making, product complexity, regulatory environment, globalisation and increased competition.

These changes have increased the importance for new skill sets and practical knowledge. Some of the ways this is manifesting are:

ü  The increase in the number of products and complexity has resulted in requirement of specialised knowledge, with students looking to build their career in the sales & distribution of financial products.
ü  Evolving customer expectations are making the industry shift its orientation from selling financial products to advisory, financial planning and wealth management. Students who aspire to work in the advisory domain need an in-depth understanding of client needs, behaviour, suitability of products, financial planning process and dynamic wealth management.
ü  Events that followed the 2008 financial crisis increased the importance of financial risk management, compliance and operations. This focus has created lot of opportunities for individuals who have expertise and knowledge of relevant domains.
ü  Decisions about buying financial products are generally not taken in isolation. Effects of addition or subtraction of a new product to the portfolio affect the risk-reward characteristic of the total portfolio, so candidates with knowledge of the portfolio management process and research are in demand. 
Therefore, to succeed and thrive in this dynamic industry, a student needs to have specialised knowledge about the domain under which he aspires to work. This certification is built with the objective to cover skills required to work in advisory, wealth management, distribution, compliance, risk and operations in financial markets. It covers syllabus of all regulatory certifications

Highlights of the Programme :

v  High Credibility : Joint certification awarded by NISM (a SEBI-promoted educational institution) and ICFL (an educational initiative of ICICI Securities Ltd)
v  Comprehensive coverage of skills required to work in Financial Markets
v  NISM and ICFL training expertise and practical content
v  Holistic knowledge of all aspects of assets, advisory, wealth management, distribution, risk management, settlement and compliance
v  Course would be delivered through ICFL V-class with LIVE online interactive lectures that provide classroom experience in a "virtual" environment
v   Convenient weekend schedule.
v  Access to the recorded sessions on a case to case basis
v  Learn from Anywhere - No need to travel to an institute or training center. Student may learn from the comfort of his/her home
v  Loan Facility available.



Programme Structure: 



Module Name
Topic Name
Mapped NISM Certifications
Training Hours
Training Ownership
Part A: Foundation
Equity Markets
Equity Sales
50 hours
ICFL
Derivatives
Equity Derivatives
Fundamental Analysis
NA
Technical Analysis  
NA
Part B:  Advisory
  Advisory and Financial Planning
Investment Advisory Level 1 and Level 2
20 hours
ICFL
Mutual Funds
Mutual Fund Distributors Level 1 and Level 2
10 hours
Part C: Compliance
Currency markets , Operation , compliance and Risk management  
Securities Intermediaries Compliance , Securities Operation and Risk Management and Currency Derivatives


30 hours
NISM


Part A: Foundation This module covers programme orientation and introduces an aspirant to various asset classes traded in financial markets. It also covers tools and techniques used to analyse these asset classes.                    
Part B: Advisory This module builds on concepts discussed in the foundation module and covers investment advisory and wealth management.                                
Part C: Compliance and Operations : This module covers the requirements and procedures of trading and settlement, and necessary compliance to the laws and by-laws of capital markets.


Early Bird Discounts:-


Discount Amount
Enrolment Date
Fee after discount
4000/-
JUN 2018
55,000/- + GST 
2500/-
JUL  2018
56,500/- + GST
NIL

AUG 2018
59,000/- + GST



Note: To avail the discount the student has to make the complete payment.



Eligibility: A candidate must be HSC / 12th pass to enrol for this programme.


Examination: Examination will be conducted post completion of all the modules by NISM and ICFL

Certification:
Ø  “Advanced Certificate in Financial Markets” certification would be awarded by NISM and ICFL to students who score a minimum of 50% in the post course assessment.



Fees Payment mode: Cheque in favor of “ICICI Securities Limited”

Training Schedule: Sat & Sun (4 Hours Session on each day)



Key topics covered: Introduction to Financial Markets and asset classes, Equity- Trading & Investments, Tools of analysis – Fundamentals and Technical’s, Derivatives – Foundation & Strategies, Mutual Funds – Foundation & Analysis, Equity Research and Financial Modelling, Investment advisory, Wealth and relationship management, Compliance procedure and exceptions, currency and commodity operations, Real Life case studies.


Download Program Brochure

Saturday, June 9, 2018

Join CFE from Frankfurt School of Finance, Germany (Leading Financial School)

CFE - (Batch -4)

**(Registration open for 4th Batch till Jun 16' 2018)



“Certified Finance Expert (CFE)” 
offered by 

Frankfurt School of Finance and Management (FS) , a leading private business school based in Germany brings you the Certified Finance Expert (CFE) programme through which graduates and working professionals can elevate their careers to new heights. The flexible design of the program will help both students and working professionals to pursue the program successfully. 

Highlights of the Programme: 
  • Programme offered by a leading private business school based in Frankfurt am Main, Germany and Industry Practitioner’s who are focused to provide trainings in Financial domain
  • It provides extensive knowledge to the graduate participants in the area of Finance with a special focus on Financial Modeling and Research so that they should become Industry Ready to increase employability. 
  • It also provides extensive knowledge to a working professional in the area of finance for a quick and smooth career progression
  • Help increasing job prospects in    1. Valuations and Financial Modeling as required in Research firms, KPOs, Brokerage Firms, etc      2. Mid and Back office in Banks, AMC and different BFSI companies
  • The programme is divided into two levels with the first level focusing on offering extensive learning on Finance in general and the second level focusing on Financial Research, Equity Research, Financial Modeling and Applied Accounting in particular.
  • The entire program would be delivered through the ICFL Virtual classrooms (V-Class)

Duration: 
  • The program would be taught in two parts spread over six months. Each part would be structured as below:-
· Part 1: Level I CFA course curriculum

· Part 2: Market Related contemporary courses like Equity Research & Financial Modelling

Programme Curriculum:

Part A
 Quantitative Methods
Financial Reporting and Analysis
Corporate Finance
 Part B
Equity Investments
Fixed Income
Derivatives
Alternative Investments
Part C
Economics
Portfolio Management and Wealth Planning
Ethical and Professional Standards
Part D
Overview of Equity Research
Valuation Process
Quantitative Analysis
Introduction to Financial Modeling
Financial Statement Modeling
Investment Valuation Models

Certification: On successful completion of the program a student would be awarded “Certified Finance Expert” certification offered by the Frankfurt School of Finance & Management in association with the ICFL as a Strategic Partner

Month of Commencement of Programme: Jun, 2018

Training Fee:
  • INR 85,000/- plus 18 % tax = INR 100,300/-(Cheque in favor of ICICI Securities Ltd) 
  • Examination Fee: EUR 400 for term end examination should be paid online to Frankfurt School of Finance and Management latest 15 days prior to the programme start date.
Early Bird Discounts: 

Discount Amount
Enrolment Date
Fee after discount
Fee inclusive of G.S.T
10,000/-
On or Before 28th Feb
75,000/-
88,500/-
8,000/-
On or Before 31st Mar
77,000/-
90,860/-
6,000/-

On or Before 30th Apr
79,000/-
93,220/-
4,000/-
On or Before 31st May
81,000/-
95,580/-

Employees of BFSI will receive an additional discount of Rs 2000 apart from above time based discounts

Batch Details:

Batch commencement Date: 16th Jun’ 17 (Saturday)

Batch Schedule: Weekends (Sat/ Sun)

Batch timings: Sat (3:00 to 7:00 PM) and Sun (10:00 to 2:00 PM)

Last Date for enrollment: 16th Jun' 18

Program Coordinator: Piyush Garg (97179-35182)





@

ICICIdirect Centre for Financial Learning
Authorised Learning Centre
                                     Plot No. 2, Kapil Vihar, Pitampura, Delhi -110034 
                                      Mob. No.#97179 35182, Tel: 011 2735 5339
Email: learning@icfldelhi.com

Sunday, May 6, 2018

Here's how you can switch or exit MF schemes after change in Sebi norms


Capital market regulator Securities and Exchange Board of India (Sebi) has defined various categories of open-ended mutual funds, with clear and distinct scheme characteristics for equity, debt, hybrid, solution-oriented, and 'other scheme' categories. There will be one scheme per category per fund house. This means just a different fancy name will no longer be a differentiator. It brings in uniformity in the characteristics of the similar type of schemes launched.
Asset managers are responding by changing the fundamental attributes of existing schemes, or by merging them to realign their funds to match the Sebi specified mandates. Hence, there is a good chance that a typical pure equity, debt or hybrid fund that you bought a year ago may be evolving into something completely different. Should you exit a fund that has changed, or stay put? DNA Money spoke with experts to get the answers.
Understand changes
Funds are undergoing modifications in their fundamental attributes. This means one or more main characteristics of the scheme being changed. If the nature of the change is small, one can ignore it. For example, some monthly income plan schemes are becoming conservative hybrid schemes.
But if the change being effected is big, then it is time to take a decision. For instance, some hybrid funds are becoming multi-asset funds or multi-asset funds are turning more equity focussed.
"Investors should evaluate whether the new objective and the investment strategy is aligned with their risk profile and requirements and stay or exit based on their assessment," advises Suresh Sadagopan, founder, Ladder7 Financial Advisories.
For instance, one may have invested in a multi-cap fund with higher exposure to mid-cap stocks, but now the fund needs to restrict the combination of large-cap and mid-cap stocks.
Before you decide you want to exit, an alternative needs to be found. Neil Borate, personal finance analyst, Rupeeiq says: "The investor will have to find an alternative scheme which meets his or her original requirements. For example, if a liquid fund becomes a PSU debt fund, thereby contravening the investor's original objective, an alternative liquid fund will have to be found. If he or she has invested through a distributor or adviser, now would be the time to approach them."
If you exit a fund, consider tax implications from Long-Term Capital Gain (LTCG) perspective. "One cannot base one's decision to stay or exit just based on taxes alone. Currently, one may not be paying LTCG in equity schemes as almost all schemes are below their price on 31/1/2018 ( which was the date of reckoning based on which price to calculate capital gains)," points out Sadagopan.
Merger headaches
Scheme mergers are usually designed to save schemes, or keep them relevant. They need to be understood carefully, before taking a decision. If you have invested in a large-cap based fund, but now the AMC has merged another large-cap fund with it but its portfolio does not match with your idea, you may need to exit the fund.
"Similarly, in the mid-cap space if an existing fund designed as a growth scheme is now getting merged with a value fund (in the mid-cap space) and post-merger it will become value fund, this is completely different from your idea of growth," points out Suresh Parthasarathy, a Sebi-registered investment advisor.
Scheme mergers are happening three ways.
One, schemes with similar mandates are being merged.
Two, couple of schemes are being merged, with the surviving scheme retaining either parent schemes' characteristics.
Three, two or more schemes are merging to create a completely new entity. This type of scheme merger is the trickiest one for investors.
Manish Kothari, director & head of mutual funds, Paisabazaar.com says: "For instance, if a risk-averse investor of a large-cap fund finds it merged with a mid-cap fund to form a focused equity fund, he may find the new fund a bit risky for his comfort. In that case, the investor can redeem the new merged fund for a pure large-cap fund."
Parthasarathy has an easy formula. If the fund is not in sync with your idea due to change in the categorization, you should move out of the fund or talk to your advisor to understand the change.

SMART ASSESSMENT HOLDS KEY

  • If one or more main characteristics of the scheme are being changed and the nature of the change is small, one can ignore it  
  • Before you decide you want to exit, an alternative needs to be found  
  • If the fund is not in sync with your idea due to change in the categorization, you should move out of the fund