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Jun 2018

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Heal the world with a pinch of Microfinance

Heal the world with a pinch of Microfinance : Microfinance is the “provision of thrift, credit and other financial services and products of very small amounts to the poor in rural, semi urban or urban areas, for enabling them to raise their income levels and improve living standards”. People work for the better of the poor and the alleviation of poverty in the microfinance industry. The pioneer of modern micro-finance in the world is Dr. Muhamad Yunus, who designed credit programs to serve the poor with his graduate students in 1972 at Chittagong University.  This piloted program, later named Grameen Bank, was awarded the Nobel Prize along with Dr. Yunus. Bandhan Bank … catching the eyeballs with their Red and Blue diya logo and our attention with their catchy tagline “Aapki Bhala … Sabki Bhala”. The newest bank in the block started their journey as a micro-finance organisation under the visionary, Mr Chandra Sekhar Ghosh. According to a World Bank research, India is home to almost one third of the world’s poor (surviving on an equivalent of one dollar a day). Though the government has taken several initiatives to alleviate poverty, microfinance plays a major contribution to financial inclusion. In recent times, it has made a remarkable contribution to eradicate poverty, and has been successful to increase the income level and the standard of living of the lowest strata of the society. About half of the Indian population still doesn’t have a savings bank account and they are deprived of all banking services. Though the Jan Dhan Yojna and other steps of the present government towards financial inclusion have received great responses, yet the actual impact is not much. The poor need financial services to fulfil their needs like consumption, building of assets and protection against risk. Microfinance institutions serve as a supplement to banks and in some sense a better one too. These institutions not only offer micro credit but they also provide other financial services like savings, insurance, remittance and non-financial services like individual counselling, training and support to start own business and the most importantly in a convenient way. Required Education There are no definite requirements for education in microfinance sector. It depends on the profile in which one wants to work. Graduates in any discipline having experience in social, economic and cultural conditions of a particular locality are preferred by the microfinance institutions. They get hired as local coordinator / local organizer / community organizer / group promoter / field officer at the operational level. Graduates usually start as field level officers, whereas a commerce graduate or post graduate can also opt for the post of a credit officer/accountant in Micro Finance Institutions. Professional graduates in the discipline of Agriculture, Veterinary, Horticulture, MBA, and Engineering are also regarded highly in the microfinance industry and are usually posted as area / zonal / regional manager. The graduates of rural development and rural management institutes are highly preferred for various positions in MFIs. Career Path Course Details: Graduates in any discipline can opt for a career in microfinance. However, there are few institutions known to provide courses recognised or preferred in the microfinance industry globally. The details are listed below: Top Institutes (India): Institute Locations Course Eligibility Website/Information Indian Institute of Technology (IIT) Mumbai Delhi Kharagpur Kanpur Chennai Guawahati Roorkee Varanasi And, 11 other locations 1.B.Tech 2. M.Tech 3. Integrated M.Sc 1.Class XII (PCM) 2.B.E/B.Tech 3. Class XII (PCM)   And, entrance examinations like, IIT-JEE, GATE. https://en.wikipedia.org/wiki/Indian_Institutes_of_Technology     https://www.iitsystem.ac.in Indian Institute of Management Ahmedabad Bangalore Kolkata Lucknow Indore Kozhikode PGDBM At least 10+2+3 in any discipline   CAT/GMAT https://en.wikipedia.org/wiki/Indian_Institutes_of_Management   Xavier Labor Research Institute Jamshedpur PGDM At least 10+2+3 in any discipline   XAT/GMAT www.xlti.ac.in/ Institute of Rural Management Anand Anand PGBM Own Exam www.irma.ac.in/ Tata Institute of Social Science   Mumbai M.A/PGDM Own Exam www.tiss.edu/   Top Institutes (Overseas): Abroad, usually, microfinance is taken up as a specialization in MBA (Finance). Following are the top B-schools in the world: Institute Courses Average Score in GMAT Country Website University of Chicago – Booth School of Business MBA 720 USA https://www.chicagobooth.edu/ Stanford Graduate School of Business MBA 720 USA https://www.gsb.stanford.edu/ Harvard Business School MBA 730 USA http://www.hbs.edu/Pages/default.aspx University of Pennsylvania-Wharton MBA 728 USA https://www.wharton.upenn.edu/ London business school MBA 700 UK https://www.london.edu/ INSEAD MBA 703 France http://www.insead.edu/home/ University of Oxford- Saïd Business School MBA 690 UK http://www.sbs.ox.ac.uk/ HEC Paris MBA MBA 690 France http://www.mba.hec.edu/ NUS Business School MBA         672 Singapore http://bschool.nus.edu/ HKUST Business School MBA         600 Hong Kong http://www.bm.ust.hk/ Source: Financial Times, QS Other than GMAT/SAT/GRE, it is mandatory for the students to appear for IELTS/TOEFL. Scores above 100 are considered to be good in TOEFL. Again, one should remember that while applying for the MBA schools, the score in entrance is only a fraction of the parameters used for judging a candidate. Everything in the application really does matter, including the application essays and recommendations. Cost in Fees: The cost of a MBA from a top college in India would range between INR 8.0 lacs to INR 25.0 lacs including allied costs. However, the costs incurred in TISS is much lower than other colleges. An MBA from abroad would range between INR 35.0 lacs to INR 90.0 lacs including allied costs. Job Profiles Broadly, one has to work in the either of the broad categories: Business Development – Primarily involved in generating more revenues Credit - Primarily responsible for assessing the risk potential of a proposal Operational role - Primarily responsibilities are operational in nature, including, promotion and awareness The job roles usually offered are: Branch Manager Credit Officer Field Coordinator Collection officer Customer Relationship Officer The responsibilities of a person working in microfinance industry include: Credit policy and credit underwriting including Credit Appraisal Monitoring Financial analysis, reference checks, and other due diligence required for sanctioning of proposals Supervision of day to day operations including disbursement and collections management Portfolio and process monitoring and identify potential areas for streamlining and increased efficiency MIS and reporting Opportunities and Growth According to the International Monetary Fund (IMF), economic growth in the 20 most important microfinance markets will increase from 4.4% to 4.8% in 2015. The global microfinance market should once again achieve growth of 15-20% in 2015 and Asia has the strongest growth momentum. The below info graphic shows the projected growth in the microfinance around the world. Projected Growth rates of Microfinance Industry around the globe A particularly impressive development in Asia is the revival of India’s microfinance market. There are approximately 350 million people in India living below poverty line, thus, microfinance translates to around 80 million households. The annual credit demand by the poor is around Rs. 60,000 crores and cumulative disbursement is around Rs. 5,000 crores. The outstanding portfolio would be around Rs. 1,600 crores. Only 5% of India’s rural poor has access to microfinance. Thus, there is an immense potential for growth in Microfinance in India. Thus, opportunities are galore in microfinance in the recent future. Industries to Explore An expert in microfinance would work in the following industries: Banking and Financial Services Industry (BFSI): Banks, like, SBI, Bandhan Bank, etc Microfinance Institutions, like, SKS Microfinance, Janalakshmi Financial Services, Ujjivan Financial Services Consulting Firms like, Ernst & Young (E&Y), PWC Agribusiness & Rural Marketing & CSR companies, like, Pidilite, ITC, Emami, NEEV The CV of a candidate in Microfinance industry   The key skills that the recruiters looks while recruiting for a candidate in Microfinance Company are: Excellent communication and interpersonal skills – The job profile requires regular interaction with various stake-holders, or, the client. In this industry, a candidate is mostly required to interact in local language Ability to work under pressure – One has to work under strict deadlines, and most entry-level profiles require to stretch long. The individual should be self-motivated, proactive and passion to work Experience of the social, economic and cultural conditions of the locality Earnings The compensation for people working in microfinance industry is comparatively lower than that of other heads in the finance industry. The entry level pay varies from Rs. 1.0 lacs to Rs. 1.5 lacs per annum. In the senior levels, the packages are much higher. The branch manager earn around Rs. 8.0 to Rs. 10.0 lacs per annum. What Next? One can move on to consulting and advisory profiles at later stage of his career One can also move into academic roles One can start an NGO or work for NGOs  

Mining Engineering: Digging A Golden Career!!

Mining Engineering: Digging A Golden Career!! : Unconventional is the new conventional! Youngsters are opting for new, untrodden career paths today, from fashion designing to cosmetology, from cosmetic dentistry to fashion photography. Even engineering is not restricted to the traditional mechanical, electrical and computer engineering. With subjects like aeronautical engineering, mining engineering, agriculture engineering, etc. we have seen the rise of many alternative engineering courses in the past few decades. Let’s have a look at one of the special engineering course catching up rapidly with the already popular one.   Who am I?? Mining engineering is an engineering branch that involves the practice and application of technology for obtaining and processing minerals from the environment.  Mining Engineers design mines and apply engineering principles to the safe and effective extraction of natural resources from these mines. Mining engineers focus on creating mining equipment and techniques that are as friendly to the environment and cost effective. Work of a mining engineer can be an office job or a field job. Depending on the type of mine, they may work above ground in an open cast mine, or underground in a traditional mine. Mining Engineers should be prepared to travel and stay away from home for extended periods.   What Do WE Mining Engineers Do? Mining Engineers often have to work in collaboration with Geologists and Metallurgical Engineers to locate and evaluate new mineral deposits. Mining Engineers are involved in the developing innovative equipment or monitor mineral-processing operations to separate minerals from dirt, rock, and other materials. They are involved in designing both open-pit and underground mines, supervise the operations of the mine, train mining staff and crew, oversee the design and construction of mine shafts and tunnels in underground mines, looking into methods for transporting minerals to the various processing plants. It is a mining engineer’s job to ensure that the mines are operated safely and in the most environmentally effective manner. They also observe the quality and quantity of production assess the efficiency of the mine operation. Mining engineers play a crucial role in finding solutions to pressing issues such as water and air pollution and land reclamation.   Educating Myself Aren’t sure whether mining engineering is for you. Are you good at maths and science? Do you have an interest in natural resources? Do you love problem-solving? Do you love the outdoors? Are you interested in working underground? Then you are made for a brilliant career in mining. A Bachelor’s of Science degree from a recognized institute in Mining Engineering is all you require. Master’s degree programs in mining engineering are typically two-year programs. Minimum 60% marks at Higher & Senior Secondary level (10th & 12th). A minimum 60% aggregate in Physics, Chemistry & Mathematics at Senior Secondary level (12th) is required. In addition to it you will need to have strong problem-solving abilities, as well as the ability to communicate effectively. A Mining Engineer should archetypally be able to visualize three-dimensional objects from 2-dimensional drawings.   A list of some of the good colleges that offer this course are: Name of Institute Enterance Test Official Website Indian Institute of Technology, Kharagpur Jee Advanced www.iitkgp.ac.in Indian School of Mines, Dhanbad JEE Mains & JEE Advaced www.ism.ac.in/ Acharya Institute of Technology, Bangalore CET/COMEDK/University/PGCET www.acharya.ac.in/ Regional Engineering College, Rourkela JEE Mains www.nitrkl.ac.in Orissa School Of Mining, Keonjhar Odisha Jee www.osme.net.in   Top Mining Colleges in the World Name of Institute Enterance Test Official Website Virginia Polytechnic Institute and State University SAT /ACT + TOEFL/IELTS http://www.vt.edu/ Michigan Technological University TOEFl/IELTS http://www.mtu.edu/ Pennsylvania State University SAT /ACT + TOEFL/IELTS http://www.psu.edu/ Colorado School of Mines SAT /ACT + TOEFL/IELTS http://www.mines.edu/ University of Exeter IELTS http://www.exeter.ac.uk/ University of Kentucky SAT /ACT + TOEFL/IELTS http://www.uky.edu/   Scope and remuneration: Ranging from complex aircraft parts to paints, minerals have a wide variety of use in diverse industries. From the road we drive on to the building we live in, everything needs different minerals or their by-products. Mining enterprise across the world has evolved in last few decades with technological erudition brought in mining workplaces. Mineral Industry needs highly proficient engineers and scientists. With the increasing significance of mining activities, a career in mining has become a lucrative option now. Jobs are available in both government and the private sector.The starting salary for a mining engineer in india can be between 3-6 lakhs per anum.  Some of the organizations that hire mining engineers are The Indian Bureau of Mines, Geological Survey of India, Coal India, Tata Steel, Reliance, ONGC, HCL, NALCO and Neyveli Lignite. Countries like Saudi Arabia, UK, Qatar and Kuwait also provide lucrative career opportunities for interested candidates with the salary ranging from $64,000 to $98,000 per annum. The private sector has higher salaries whereas government sectors have higher perks.   To sum it all The demand of mining Engineers has become very important with swelling demand for technological innovation and safe mining. Be it a mountain, desert, in the ocean, across India or the world. You’ll probably find mining engineers working in all of these places sweating away on mining assignments. Explore the many aspects of mining engineering from exploration to production and mine closure. Best of luck…. Dig a Golden career for yourself!!

Choose the career of a dance therapist as you wheel around to the rhythm divine

Choose the career of a dance therapist as you wheel around to the rhythm divine : The path of dance and music is merely not limited to provide entertainment and promote regional culture. But it has a very unique connection to the emotional being of any individual. Dance can connect souls, interpret moves, and has a therapeutic effect on the inner being of a person. It has the ability to unleash the energy by removing obstructions prevalent in mind as well as physical being. This is the basis of dance movement therapy. India being at the pinnacle of diverse culture and dance forms, is extremely promising ground for the development of dance therapy as a career option.   So how does a dance therapist work? The total health of the patient or client is aimed at improving through engaging dance steps and movements by any professional dance therapist. They can be dance of any form. The fundamentals of any dance therapy basically target the following wellness of health.   A dance therapist would work with his or her clients to bring about an improvement in their total body image or restoration and build up of self esteem. Enhance effective skills to intermingle in society along with good communication skills developed. Aids clients in gaining insight to the patterns that are leading to his or her behavioural problems Helps in the exploration of options or methods to develop normal or societal behaviour   Where to pursue dance therapy in India? There are very few places in India where dance therapy can be pursued as a career. A person who can perceive dance more than just an art form should definitely venture into the possibilities. It is highly possible that you join workshops and trainings of renowned dance therapists in India to gain insight into the subject. There are some institutes and courses mentioned below to help you decide on this. To pursue most of these courses, certification in any dance form or psychology is desired. S No. Names of institutes Courses offered 1 Women’s Christian College, in association with The East West Centre for Counselling and Training Diploma course in Expressive Art Therapy 2 Creative Movement Therapy Association in India 60 hours annual certification course in dance movement therapy. 3 Symbiosis School for Liberal Arts DANCE Movement therapy course of 60 hours   The fees involved can vary from few thousands for some workshops to Rs. 300000/- as it is in the Symbiosis School of Arts.   People who contributed to dance therapy in India Dance therapy in India is something that is being practised by a handful people in the recent times. These dancers have really added a new dimension to their love of dance as an art form to restore balance in the lives of people around them.   Tripura Kashyap: She is considered as one of the pioneers of dance therapy in India. She realized while working with disabled children, that while dancing they beautifully reacted to the musical rhythms irrespective of their disabilities. Thus began her journey in dance therapy. She pursued dance therapy as a subject at Hancock Centre of Movement Art and Therapies Wisconsin in 2005. She came back to India to work with autistic children and develop dance movement therapy as a therapeutic supplement for their treatment.   Sohini Chakraborty: In her academy Sanved in Kolkata, this lady evolved further with dance therapy and helped victims of human traffic to get back mental stability and facilitate in their psycho-social rehabilitation. She mainly employed symbolism in her dance therapy techniques to help them break barriers and express their feelings.   Dilshad Patel: At Harkness Dance Centre in New York, Dilshad Patel completed her training in dance therapy. She works in Mumbai as a dance therapist to help revive children with hearing and visual disabilities and those struck with HIV. She also believes in the capabilities of dance therapy to combat everyday stress.   Syed Sallauddin Pasha: He worked with children of special needs to help them break their routine shackles of obstruction through drama and dance therapy. How to pursue a career abroad? To study dance therapy as a subject deeply it is indeed a great idea to move abroad, since India still does not have well structured courses in the subject. The pioneers in this field are not too old and they too had moved to countries like U.S.A and U.K. which are very well equipped in the treatment methodologies of dance therapy to learn in deep about this comparatively new subject. Any aspiring dance therapist should have a degree in liberal arts with a strong dance background in addition as pointed by American Dance Therapy Association (ADTA). Subjects like psychology, recreation therapy or dance can be pursued at an undergraduate level. For a master’s degree students can enrol in U.S.A. in any ADTA approved programs. If the students wishes to pursue the same in U.K. then it should be approved by Association for Dance Movement Therapy (ADMT) U.K. You can carry a registred DMT (R-DMT) or a board certified DMT (BC-DMT) for practising in U.S.A.   Institutes to pursue dance therapy as a subject Some of the selected institutes in USA and U.K. have been enlisted below where dance therapy can be pursued as subject. Serial No. Name of Institutes Courses offered 1 University of Roehampton Dance Movement Psychotherapy MA   2 Goldsmiths University of London Dance Movement Psychotherapy MA, MPhil and PhD   3 London Metropolitan University Sports and Dance Therapy BSc (Hons)   4 Drexel University Master of Arts in Dance/Movement Therapy   5 University of Derby Creative Expressive Therapies (Dance) BA (Hons) Dance Movement Therapy and Psychotherapy MA 6 Codarts, University for the Arts, Netherlands Master in Dance Therapy   U.K. and U.S. course can range from Rs. 600000/- to Rs. 1600000/- which can prove to be quite an expensive option for a subject which is just budding to grow.   How much to expect? The salary figures are still not very well defined since dance therapy as a career option is still new. However the Bureau of Labor Statistics has pointed an average median salary of $44,280, while those who are ace at it can earn a salary of $67,000.   Pros and cons of dance therapy as a career Dance therapy as a career option has an immense field to grow and it is ideal for ant person passionate about serving the society in a different and lesser tried methodologies. But then one has to struggle and be confident of laying their own path as it requires contribution from various entrepreneurs. It is indeed very interesting to work with but practitioners can face issues as recipients may find the idea of using dance or movement as means to cure their shortcomings.   Call for action India being a land of diverse culture and art form should explore ways in which they can make use of this to help its own people recover from their inabilities. In fact they should be the torch bearers to such idea and spread the message of love and communication through such techniques which can be unique to its own land.  

Be the artistic engineer with a career in product designing

Be the artistic engineer with a career in product designing : Have you ever daydreamt about making products that could do simple tasks for you and make your life easier? Have you ever looked at an ordinary everyday product and thought that there was so much more that could have been done with it? Do you want to do engineering and still not let your creativity die out? Well then, have we got the career for you!   What are you talking about? The career is that of a Product Designer. A Product Designer is a person who designs innovative and creative products from scratch. They make products that are not only designed well but also that make a targeted task much easier to do by using the product. Product Designers stand on the border between art and engineering: they use their artistic capability to conceptualize and draw a blueprint of a product and then use their knowledge of engineering and science to actually make it. They take a product beyond just performing a simple task to being extremely efficient, functional and easy to use as well as visually appealing to the target consumers of the product.   How does one do all that? Product Designers work in one of two ways: In-house companies, where they work closely with the marketing department of a company to better existing company products and design new products Consultancy-based design, where designing takes place as per the needs of various approaching clients Either way, the work of a product designer with market research. This will give them key information related to their product: what do consumers want, what are their reactions to existing products, will a new product be viable, what key features will make the product sell, etc. Based on this information, product designers will then begin conceptualizing a new product. The initial sketches on paper then move to a Computer-Aided Design, a blueprint and then to a prototype. Prototypes are presented to the client/company managers. Sometimes products are even tested by consumers. Constant feedback is taken to better the product in terms of usability, safety and lower cost of making it. Designers often work in a team to have a variety of inputs. After a rigorous process of trying and testing, the final product reaches the market. Product Designers usually specialize in a particular area of products, such as vehicles, mobiles, medical equipment, etc. Product Designers are also sometimes involved specifically in bettering an existing product by making it cheaper, adding more uses or making it more aesthetic. After the release of the product, designers also work closely with the marketing team to advertise the product on its advantages.   All this requires specific skills from a Product Designer. To name a few: Ability to recognize the expectations of the consumer and also the possible benefits that the manufacturer can get from a new product Creative streak to make the product visually appealing in size, shape and colour. Understanding of materials involved and process of production Being up-to-date with innovations that can better a product or make it cheaper Being able to adjust easily to market needs Being able to work punctually and meet deadlines   Sweet! How do I get to do this? There are several diploma as well as graduate courses available right after 12th. Institutes such as National Institute of Design and some IITs offer bachelor’s degrees in Product Design/Industrial Design. Alternatively, one can go for an ordinary engineering or architecture course and subsequently pursue a postgraduate diploma/degree course offered in several reputed institutes in India. All most all of these institutes have their own entrance exams, which will test your aptitude for the career. A good portfolio matters for going for these courses. Some of the renowned colleges in India are: Sr. No. Colleges Location 1 National Institute of Design Ahmedabad 2 Industrial Design Centre, IIT-B Mumbai 3 Instrument Design and Development Centre, IIT Delhi New Delhi 4 Centre for Product Design and Manufacturing (CPDM), IISc Bangalore 5 Department of Design- IIT Guwahati Guwahati 6 MAEER’s MIT Institute of Design Pune 7 Srishti School of Design Bangalore 8 DSK International School of Design Pune 9 IILM School of Design Gurgaon 10 Raffles Millennium International Mumbai     Some of the renowned colleges across the world are: Sr. No. Institutes Location 1 Pratt Institute of Art New York City, USA 2 Art Center College of Design Pasadena, California, USA 3 Florence Design Academy Italy 4 Carnegie Mellon University  Pittsburgh, Pennsylvania, USA 5 Royal College of Art London 6 California College of the Arts San Francisco, California, USA 7 Savannah College of Art and Design ‘SCAD’ Atlanta, Georgia, USA 8 Hong Kong Polytechnic University School of Design Hong Kong, China 9 UMEA Institute of Design Umea, Sweden 10 Domus Academy Milan, Italy   What about the fees? The fees for undergraduate programmes range from around 70,000 to 2.5 lakhs per annum. However do not be surprised if the fees go beyond this in private universities. The fees for postgraduate programmes are within the range of 50,000-2, 50,000 per annum.   What kind of salary are we talking about? The median salary for a Product Designer in India is Rs. 4, 02,125 per annum, which increases with experience. You can get a job right after your bachelor’s if you’re talented enough. However a master’s degree will help you get placed in better firms and have a larger salary.   Conclusion: Product Designers are demanded by industries as they require fresher ideas and newer innovative products and designs to make sure consumers are always interested in buying their products. The profession is a right mix for those who possess technological knowledge and a creative streak. Though the education can be expensive, it will pay off in the long run as you will enjoy a decent salary figure.

Drive the Adrenaline with a career in Adventure sports

Drive the Adrenaline with a career in Adventure sports : If you have ever felt that you should keep your passion for rock climbing, bungee jumping, white water rafting or parasailing hushed up in cupboards because they can keep you drifted from pursuing your career goals then you are mistaken. You should definitely consider making your passion and hobby as your full time job. Yes, adventure sports can be your full fledged career option. In a country like India endowed with all the natural wonders, a career in adventure sports can be really promising and exciting. Good news is the adventure sports and travel industry is growing up in a big way in India, and you can make hay while the sun shines.   What are the different kinds of adventure sports? Adventure sports can be broadly categorized under three main headings, land, water and air. Land Sports: These are the most common types and India excels in providing trainings at different levels. Some of the sports are trekking, rock climbing, skiing, adventure racing, snowboarding, biking , land yachting etc. Air sports: Paragliding, sky surfing, Bungee jumping, and sky diving are some of the common air sports Water sports: white water rafting, scuba diving, snorkelling, yacht racing, kayaking, cliff diving, canoeing, boat racing and so on are some of the common water sports.   What is the eligibility required? To become a certified adventure sports performer or trainer with some institute or hotel, travel agencies, or for some travel channels, you do not require any formal qualification degree. What you need is an undaunted spirit and must have qualified the trainings provided by some of the well known training institutes in India or abroad. And you should be within the age range of 16-40 years. You can be hired by reputed adventure training institutes, for the purpose of providing training, corporate houses to train their employees on specially arranged adventure trek expeditions. And finally some travel channel can also take note of you and can hire you for their adventure tour episodes. Or even better is you open your own adventure sports academy to train people.   How much can you make? Unfortunately in India the salary figures for adventure sport professionals are not very high. Starting salaries are from R.6000-Rs.10000/- on a monthly basis at the beginning of the career. After a while it can maximally increase to Rs.20000/- to Rs.25000/- per month.  Some who are ace in this field can manage to earn Rs. 600/-Rs. 1500/- per day.     Where to pursue adventure sports training in India? There are hardly any degrees won for these trainings, but experience earned is unparalleled. The course fees are minimal ranging from Rs. 12000/-Rs.50000/-. The course durations can stretch from few days to few months. Serial No Names of Institutes Trainings offered 1 Himalayan Mountaineering Institute Darjeeling Course covering mountaineering 2 Nehru Institute of Mountaineering, Uttarkashi Course covering mountaineering 3 Jawahar Institute of Mountaineering, Batote Course covering mountaineering 4 Directorate of Mountaineering and Allied Sports, Manali Course covering mountaineering 5 Regional Mountaineering Centre, McLeodganj Course covering mountaineering 6 Winter Sports Skiing Centre, Kulu Course covering skiing 7 High Altitude Trekking & Skiing Centre, Narkanda Course covering skiing & trekking 8 Bilaspur, Regional Water Sports Centre Course covering water sports 9 National Institute of Water Sports, Goa Course covering water sports 10 Balloon Club of India, Bahadurshah Zafar Marg, New Delhi  - 11 Wings and Flights , Pune Course covering paragliding     Should I explore career options abroad? Why not? If you wish that Himalayas, the seas of India and the azure skies are not enough for you, you can definitely pursue training courses abroad. They are better paid, and you can get to travel and explore some of the most exotic locales around the world. You can even get sources to have your personal expeditions sponsored. The salary figures are shown below     What are some of the courses offered in adventure sports? These are some of the institutes offering courses in adventure sports. The fees may vary as per in state and out state trainings.   Serial No. Name of Universities Courses fees  1   Northeast Bay State College Boston, Massachusetts   $19,748  2 Granite State College Concord,    $7,065 (In-state) $7,545 (Out-of-state)  3 University of Southern Maine Portland, Maine   $8,920 (In-state) $21,280 (Out-of-state)  4 Southern Vermont College Bennington, Vermont   $22,000  5 Garrett College McHenry, Maryland   $3,360 (In-district) $6,776 (In-state) $7,868 (Out-of-state)  6 Salem State University Salem, Massachusetts    $8,130 (In-state) $14,270 (Out-of-state)  7 University of North Florida Jacksonville, Florida   $6,353 (In-state) $20,756 (Out-of-state)  8 University of South Florida Tampa, Florida   $6,410 (In-state) $17,324 (Out-of-state)  9 Regent University Virginia Beach, Virginia   $15,838  10 Barry University Miami, Florida Georgia State University Atlanta, Georgia   $8,368 (In-state) $22,936 (Out-of-state)    Critical analysis of the career in adventure sports The career may not be a well paid career all over the world, but the amount spent in India to pursue trainings and some selected universities abroad, is not a sky rocket figure. Moreover this can be a dream job for strong hearts who wish to explore the beauty of nature, and a job like this not only gives you satisfaction but transforms you as person, as you get to appreciate the nuances of life and the hidden beauty about everything natural and rugged. Fortunately in India the training courses and exposure provided are really of top notch and can be relied on to start a career in adventure sports.   What do we infer? If you are not a weak heart, and always ready with your backpacks, then venture out to make your mark in the world as an adventure sports person. The field is a bit male dominated, so to girls I would say, do not waste your youthful years and ignore the calls of wild. Even if there are no certified degrees in India, and you do not wish to spend loads for a foreign education, just listen to your heart and move ahead to make your mark irrespective of your gender.  

Civil Law: A right career for the rights

Civil Law: A right career for the rights : Civil law is one of the oldest fields in law and offers a wide range of career opportunities. If you are determined to fight for the rights and liberties of the people, then establish a career in civil law. As society evolved, it led to the formation of laws that provided both rights and duties to the citizens. Civil law is related to the non criminal cases concerning rights and liberties of the people. The field offers exciting and challenging opportunities for aspirants passionate about the subject. It is not limited to learning the constitutional law, but essentially consists of empathizing with the concerns of society and then fighting for justice. Being a highly professionalized and prestigious field, civil law welcomes the aspirers to build a glorified career. Eligibility Civil law involves clear understanding about the society, customs that prevail in society and the laws related to it. An individual needs to be well qualified and must have ample knowledge about the Constitution and the legislations. After 12th, five year graduation programs for law are available, including B.A. LL.B or B. Sc. LL.B. Thus, students from any filed can pursue their career in law. After graduation, a three year degree course, LL.B. can be done. Students aspiring to study ahead can undertake a two year master’s program, LL. M, after graduation. Diploma courses are also present specific to civil law related to human rights, women, family laws, juvenile justice and others. Post graduations courses such as Masters in Philosophy and Doctorate can be done in civil law. India has some of the prestigious law universities that offer courses to highly skilled students. There are 16 prominent National Law Universities, where admission is granted only after qualification of Common Law Aptitude Test (CLAT). The test includes basic mathematics, aptitude, English and general knowledge. Other universities also conduct their respective entrance exams for admission. Fee structure The tuition fee for the NLU’s is higher as compared to other universities. NLUs are highly prestigious with skilled and advanced libraries and academic facilities. There are only 450 seats available in NLU’s for students from all across the country. The annual fee structure in NLU’s ranges from 75000 INR to 125000 INR. For other Universities, the fees are much less and they range from 7000 INR to 30000 INR. Foreign universities, apart from graduation and post graduation degrees, provide doctoral degrees in Jurisprudence (J.S.D.), and Doctor of Comparative Law (D.Comp.L.). The annual fee structure in foreign universities ranges from 700000 INR to 120000 INR. Scholarships and fee concessions are available for meritorious students in India and abroad.                                Career Path (10th to Doctorate)                      Institutes India Institutes Courses City Website National Law School of India B.A. LL.B, LLM, M. Phil. Bangalore https://www.nls.ac.in/ West Bengal National University of Juridical Sciences - WBNUJS  LL.B, LLM, P.G. Diploma in Human Rights, Doctorate Kolkata http://www.nujs.edu/ National Law University LL.B, LLM, P.G. Diploma in Human Rights, Doctorate Bhopal https://www.nliu.ac.in/ National Law University, LL.B, LLM, P.G. Diploma in Human Rights, Doctorate Delhi http://www.nludelhi.ac.in/ Delhi Faculty of Law LL.B (3 year programme after graduation) Delhi University, Delhi http://law.du.ac.in/ Symbiosis Law School LL.B, LLM, P.G. Diploma Courses Pune http://www.symlaw.ac.in/ Indian Law Society's Law College,  LL.B, LLM, M. Phil., Doctoral Pune https://ilslaw.wordpress.com/ National Law University LL.B, LLM, M. Phil., Doctoral   Jodhpur http://www.nlujodhpur.ac.in/index-main.php National Academy of Legal Studies and Research, LL.B, LLM, M. Phil., Doctoral Hyderabad http://www.nalsar.ac.in/ Faculty of Law, BHU LLB, LLM Banaras http://www.bhu.ac.in/lawfaculty/ Gujarat National Law University LL.B, LLM, M. Phil., Doctoral Gandhinagar http://www.gnlu.ac.in/     Worldwide Institute Courses City, Country Website Cambridge University Graduation, Post-graduation, Doctoral Cambridge, U.S. https://www.cam.ac.uk/  Harvard University Graduation, Post-graduation, Doctoral Cambridge, Massachusetts, US http://www.harvard.edu/ New York University  Graduation, Post-graduation, Doctoral, Doctor of Juridical Science (J.S.D.) New York, US http://www.nyu.edu/  Yale University LLM, J.D. and J.S.D. Yale, US   http://www.yale.edu/   University of California Post-graduation, Doctoral,  J.D. and J.S.D. Berkeley, US http://www.berkeley.edu/ Stanford University Graduation, Post-graduation, Doctoral Stanford, US https://www.stanford.edu/ University of Michigan Graduation, Post-graduation, Doctoral Ann Arbor, U.S. https://www.umich.edu/  University of Chicago Law School Graduation, Post-graduation, Doctoral Chicago, U.S. http://www.law.uchicago.edu/   Opportunities and Salaries The increase in the societal awareness amongst individuals as well as about their rights has increased career opportunities in the field of civil law. Civil law is related to maintain a balance between the different institutions of the government and individuals or groups of individuals. A qualified individual in the field of civil law can work in cases related to infringement of rights and liberties related to issues such as education, housing, employment, expression and others. There are several job opportunities with diverse subjects, depending upon the specialization and interest of the individual. A law graduate, after clearance of the bar association’s exam can practice as a lawyer and work on several cases related to civil law. Civil rights attorneys are also hired by several government institutes, private law firms and nonprofit organizations. National Human Rights Commission, National Commission for Women, and other national and state organizations also hire civil law graduates and post graduates. Other job opportunities in civil law include teachers and lecturers in various renowned universities. Law graduates can prepare for higher posts such as the civil services and judicial services. Journalism, Policy analysis, politics, publishing of law related books and research papers, and social work are some of the other opportunities that a civil law educated individual can advance in.  At international level, organizations such as United Nations Human Rights Commission and non-governmental organizations such as Amnesty International offer job opportunities. Job profiles in civil law is filled with immense hard- work, but pays well when a person through his skills establishes themselves as a capable lawyer. Civil services and judiciary posts can be acquired by qualifying in the exams. The salaries depend upon the experience and qualifications of the individual. The average pay scale for a lawyer ranges from 8000- 25000 INR per month. In civil services job profiles, the salaries range from 35000- 50000 INR. It is a job that offers prestige, recognition and good pay scales. If you are inclined towards providing justice and serving for the rights of the people, civil law is the perfect career opportunity. The subject is extremely vast and specialization can be done in the desired area of interest. Civil law and rights awareness are increasing rapidly in the society and it can yield a shinning career for people passionate about the subject.

Be the Dronacharya of Sports by choosing a career of a Sports Coach

Be the Dronacharya of Sports by choosing a career of a Sports Coach : The role of a mentor is respected worldwide. Whatever it may be the field, but a coach is enormously responsible for shaping up the life of their students. They give direction to raw skills and talents. In India, sportsmen are treated like gods and glittery stars. In fact they themselves want to be worshiped. For this they are highly dependent on their tutors and coaches in order to stay in form and perform well.   What do you need to become a sports coach? Qualification wise it is absolutely not a challenge to become a sports coach. You can simply be a 12th pass having Physical Education as one of your majors. You can study sports as a subject in some of the selected institutes and universities of India and abroad if you wish to be a coach with a thorough knowledge of sports. But the skill sets required to become a successful sports coach are Good communication skills to morally boost participants. Expert at playing any particular sportsman Good analytical skills, solution giver, patience and non submitting spirit Great organizational skills, and supportive in nature Great physical stamina, aware of techniques to keep fit Leadership qualities with an endearing attitude   So how to pursue a career as a sports coach? There are no obligations with formal education in sports coaching. One can be a senior or former player in any particular sport to pursue a career as sports coach. There are however some institutes offering you a diploma in sports coaching which expects you to have completed your graduation preferably in a sports subject. A very successful goal oriented sports coach can land up working with national and international clubs, schools and other academics. Start the career as a volunteer coach and shift to being an assistant coach till you finally reach the position of a head coach. It is highly possible for a well accomplished coach to open his new academy for sports coaching. And if the sport happens to be a well known sport like cricket, tennis, badminton or soccer, they can manage aid from various government, state or even corporate houses.   What are some of the institutes to pursue sports coaching as a subject in India? Serial No. Name of Institute Courses offered 1 Netaji Subhash National Institute of Sports, Montibagh, Patiala Punjab Diploma in Sports Coaching 2 National Sports East Centre, Salt Lake City, Sector-III, Calcutta, West Bengal Diploma in Sports Coaching 3 National Sports West Centre, Sports Complex. Sector-15, Gandhinagar, Gujarat Diploma in Sports Coaching 4 Tripura University B.Phy Ed. 5 Punjab University B.Phy Ed 6 Indira Gandhi Institute of Physical Education and Sports Sciences Graduate Course by Sports Authority of India (SAI) - B.Sc.(Health and Phy.Ed. & Sports 7 University of Delhi PG Course(Sports) - M.Phy.Ed 8 SAI National Sports Diploma Courses in Sports Coaching 9 Bangalore University PG Course in Sports (M.Phy.Ed.) 10 Gulbarga University PG Course in Sports (M.Phy.Ed.) Fees involved for such courses are really minimal. So monetarily these courses are not much of a problem to pursue.   How much can you expect? The salary of a sports coach is highly dependent upon, which sports he wishes to pursue his career in. On an average they can draw a salary of Rs.20000/- -Rs.25000/-on a monthly basis. For professional coach of any professional team, the sky  is the limit. BCCI had offered Ravi Shastri , the former Indian cricketer an annual salary of Rs. 7000000/- .   What are your career prospects abroad? If you want to be taken very seriously as a sports coach in India, a master's degree in sports coaching can really catapult your career in a big way. You can also choose to become a sports coach in many other games abroad, which can pay you handsomely. One may have to struggle far less in western countries than in India after choosing a career in sports coaching.  The salary graph is shown below.                 Source: Payscale What are some of the good institutes to pursue a career as sports coach? Here are some of the institutes abroad where you can pursue a career in sports coaching. Universities in U.K. provide proper well defined courses in sports coaching. Course fees can range from £8000-£15000. Serial No Name of Institutes Course offered 1 St Mary's University, Twickenham B.Sc. Hons. Coaching Science 2 Kingston University London B.Sc. Hons. Sport Analysis and Coaching 3 Middlesex University B. Sc. Hons. Sport and Exercise Science (Teaching and Coaching Sport) 4 University of Roehampton B.A. Hons. Sports Coaching 5 University of East London B.Sc. Hons. Sport, Physical Education and Development 6 London Metropolitan University B.Sc. Hons. Sport Psychology and Coaching 7 London South Bank University B. Sc. Sports Coaching and Analysis   Critical analysis of the career The satisfaction level reported my most sports coach, big or small has been found to be immense by a survey conducted by U.S. Bureau of Labor Statistics. But in India, apart from some selected sports, other sports coach have to face quite a number of resistance and overcome red tapism to finally get noticed and bring about significant change in the lives of those training under their tutelage. The salary figures are also not well defined for lesser known sports, and it is a big deal to make way for this career in India.   Call for action: Until unless the country realizes the importance of sports and its growth it is difficult to realize the role of a mentor. All sportsmen require tutelage in order to discover their hidden talents and channelize it. And this is only possible if tutors are given due respect in the country, irrespective of whatever sports they wish to deal with.

Joining the dots with a CWA or CMA

Joining the dots with a CWA or CMA : The three pillars of cost and works accountancy are – cost competitiveness, cost management, and, efficient use of resources. Cost & Works Accountant (CWA)/Cost & Management Accountant (CMA) assists in planning, monitoring and controlling the cost and price of a product or a service Nowadays with multi-product ventures taking place, it has become important to know and understand the exact cost of production of every product and service at different stages, to minimize the expenditure incurred on them and to ensure optimum utilization of resources. This is where the role of cost accountant comes in. They evaluate the operating efficiency and effectiveness of production and service management by analysing information from different departments of the organisation. The process involves critical monitoring of relevant costs like material, labour, overhead and capital costs etc., involved in making a product or providing a service. They analyze the sales trend to strike a balance between the demand and supply in order to prevent over production. They also monitor the performance, in order to spot and report on problems and prevent them from occurring in future. Required Education There isn’t any restriction on the background required for Costs and Works Accountancy. It is open for all students. The minimum eligibility criteria to enrol in ICWAI foundation course is 10+2.The minimum age of the candidate should be 17 years at the time of admission in foundation course. However, the student has to appear for the preliminary examination, which consists of papers testing the candidates knowledge in English and elementary mathematics and their general awareness.   Graduate in any discipline may join the Intermediate Course, which is of 18 months duration. Minimum age for intermediate course is 18 years. After successfully completing the Intermediate course, one is eligible for the Final Course, which is also of 18 months duration.   For membership, one needs to have passed the final exam and have at least three years’ work experience. Career Path Career Path (10th to Job)   Course Details: As discussed above, there are three levels, foundation, intermediate and final. The various papers in the respective levels are detailed below:   Foundation Intermediate Final Fundamentals of Economics and Management Financial Accounting Corporate Laws and Compliance Fundamental of Accounting Laws, Ethics & Governance Advanced Financial Management Fundamentals of Laws & Ethics Direct Taxation Business Strategy & Strategic Cost Management Fundamentals of Business Mathematics & Statistics Cost Accounting & Financial Management Tax Management & Practice   Operations Management and Information System Strategic Performance Management   Cost & Management Accountancy Corporate Financial Reporting   Indirect Taxation Cost and Management Audit   Company Accounts and Audit Financial Analysis & Business Valuation   The Intermediate course, also has two group discussions, two seminars and computer class of 50 hours while in the Final Course, the curriculum also includes a dissertation of 5000 words along with computer class of 100 hours; modular training of 15 days and industrial training of 6 months.   The Institute of Cost Accountants of India (ICAI) formerly called Institute of Cost and Works Accountants of India (ICWAI) Institute of Cost and Works Accountants of India is the only statutory body of Government of India, which facilitates training programmes for costs and accountant management. ICWAI promotes, regulates and develops the profession of CWA in India. The institute has four regional centres in India-Delhi, Kolkata, Chennai and New Delhi. It has 95 chapters all over India, and, 8 overseas centres in all. Cost of Fees The fees structure for the course, both in Oral and Postal form is summarised below: Course Fees for both Oral or Postal (Rs.) Foundation 4,000 Intermediate 20,000 Final 17,000 Job Profiles The responsibilities of a cost and works accountant/costs and management accountant would typically include: Corporate Decision Making Resource Management Performance Management Financial Reporting & Strategy Optimization of Stakeholder’s value Risk Management Enterprise Governance Audit assurance and Taxation Sustainable Development Corporate Social Responsibility Opportunities and Growth India has slowly gained a stronghold as one of the brightest emerging economies. It is also one of the world's fastest-growing economies. So, with opportunities arising for all, and with the entire world focussing on optimization, the role and importance of cost accountants has increased manifold on the account of growing competition in the corporate sector. Their job, broadly stating, essentially comprises of closely analysing costs and devising ways to reduce it as far as possible. Another good development is that an ICAI has a mutual recognition arrangement with the Institute of Management Accountants, USA and the Institute of Public Accountants, Australia and Indian CMAs/CWAs can automatically become members of these institutes. The course curricula have also been mapped with Chartered Institute of Management Accountants (CIMA) in UK, where arrangement has been made by Indian CWAs/CMAs get exemption in eleven papers (at different levels) to qualify as a management accountant professional in UK. Industries to Explore A CWA or a CMA can work in high profile jobs both in private as well as government sectors. There is plenty of scope in the banking and insurance sectors. The government has made it mandatory for thirty-eight classes of companies to employ a cost accountant. This very fact throws up tremendous opportunities for one. The CV of a cost and works accountant/ cost & management accountant The key skills that the recruiters look for in a CWA or CMA are: Cost accountants should have good negotiation skills to confirm a deal with the available budget. They should possess good computer skills for using different accounting software, like, Tally They should possess excellent communication and interpersonal skills They should have the skill to make strategic decisions and independent judgments in crucial situations. Strong analytical and problem solving skills and the ability to comprehend different situations in a small time frame Earnings The ICAI has been conducting placements over the past few years across the country wherein many companies regularly visit the campus and on an average, 75-80% students get placed. According to ICAI, in their most recent placement, the average salary package was in the range of Rs. 6.0 lakh to Rs. 11.0 lakhs per annum. What Next? After the final course, one may join M. Phil or Ph.D. in commerce and allied subjects. Presently, total 35 Indian Universities have approved the course offered by ICAI/ICWAI. Many Cost and Works Accountants of the Institute have been top performers in their corporate life. They can occupy position of responsibility, like, Managing Director, Finance Director, Financial Controller, Chief Accountant, Cost Controller, etc. One can start his own practice as a cost accountant after obtaining a license from the Institute.  

Become a Multi-linguist and see where that gets you

Become a Multi-linguist and see where that gets you : Travel the world, become aware of diverse opportunities this career has and enjoy the power of understanding people across international borders through the information provided in this article. The government of India will consider you as a literate if you can write and speak in one language but you'll just be another face in the crowd. Of course you do know English and your regional language. But mastery over foreign languages is truly empowering. In fact a study claims, learning a foreign language can delay the onset of Alzheimer's disease. Coming back to the point you can actually build a secure career after earning a degree in Foreign Languages in India as well as abroad. The astonishing merit of pursuing a degree in Foreign Languages is that it actually enables you to dive into any field you desire and the most amazing part is you can do that from anywhere across the globe. The study of foreign languages teaches and encourages respect for other people, it builds an understanding of the interrelation of language and human nature. It expands one’s view of the world, liberalizes one’s experience, and makes one more flexible and tolerant. Its study leads to an appreciation of cultural diversity. The figure below demonstrates how expertise in linguistics gives you the ability to become a part of several areas.   ELIGIBILITY Students can opt for foreign language in schools (eg: Schools with IGCSE syllabus) although most schools in India, don’t offer this subject. You can take up foreign language after completing 10+2 in any discipline, opt for an undergraduate course and later pursue a degree in Masters then PhD. There are diploma and specialized courses available in various languages as well.   LANGUAGES Across the globe, schools do teach at least one foreign language in their curriculum. But adults who are fluent in more than one language are rare, in India as well as abroad. According to a survey in 2001, 66% population of UK spoke only their native language. In India, according to Census of 2001, there are 122 major languages and 1599 other languages, out of which 30 languages are spoken by more than a million people. Offering a wide range to study and excel on a regional basis, but a degree in foreign language creates a national as well as international base for you to build your career on. Following are the languages that you can earn a degree in terms of the course of Foreign Languages. French Chinese Japanese Spanish Korean Portuguese Arabic Italian Mandarin Dutch   CAREER PATH Career Path     The picture above portrays all possible positions you can opt for after pursuing a degree in foreign languages. It's intriguing how mastering two-three languages can lead to such diverse employment opportunities. But to be the best, you need to study where quality education is provided. Following are a few such institutions which will help you fulfil your dreams.   TOP INDIAN INSTITUTES Institutes Location Courses offered Eligibility Website SRM University Ghaziabad Undergraduate  PhD 10+2 Masters http://www.srmuniv.ac.in/ Guru Nanak Dev University Amritsar Certificate and Diploma Courses 10+2 Preference given to graduates and PhD holders. http://gndu.ac.in/gndu2014/department-foreign.html Symbiosis Pune Certificate Courses 10+2   http://www.sifil-symbiosis.org/   CIEFL Hyderabad Part time and full time courses 10+2 http://efluniversity.ac.in/ Jawaharlal Nehru University New Delhi Undergraduate and certificate courses 10+2 www.jnu.ac.in/ Banaras Hindu University Banaras Post graduation Graduate http://www.bhu.ac.in/      TOP INSTITUTES OVERSEAS Institute Location  Courses offered Eligibility Website Steinhardt New York M.A. Graduate www.steinhardt.nyu.edu Universitat Rivora Virgili M.A. Graduate http://www.urv.cat/ University of Groningen Netherlands M.A. Graduate www.mastersportal.edu   COST OF FEES The course fee in India ranges from 10,000 to 100,000 rupees, depending on the location and institution you prefer. Total fee, abroad ranges from 2 to 6 lakhs, varying according to the place and institution.   SKILLS REQUIRED Skills include strong writing, communication, oratory, multitasking, analytical, business and grasping skills. You ought to have these skills or at least a desire to learn and train your talents in these avenues. Qualities include passion to learn languages, high level of concentration, interest in the cultural heritage of other languages, discipline, hard work, determination, commitment and dedication.   SECTORS YOU CAN WORK IN As mentioned earlier as well, expertise in foreign languages can open doors to multiple areas and for further specification here's a demand for qualified language professionals evident in seven major career areas: Business, Industry & Commerce  Engineering  Government & International  Teaching  Interpreting & Translation  Media & Journalism  Publishing Travel & Tourism  Service Organizations    EMPLOYMENT OPPORTUNITIES AND JOB PROFILES “Evalueserve”, an international research company claimed that BPO, IT and KPO need 160000 professionals in foreign language, in India. Demand for professionals in foreign languages from Indians with low salary expectation is high in foreign countries. The FBI has developed a special program-- Foreign Language Incentive Pay -- that awards additional compensation to employees who have certified foreign language proficiency in critical foreign languages. In the area of trade and commerce, companies which expand to other regions desperately require employees with knowledge of foreign languages. Below are few occupations you can take up. Freelancer Translator Teacher Content Writer Critic Editor Tourist Guide   REMUNERATION Foreign language professionals earn a descent amount of salary. Professionals can earn from 30,000 – 50,000 rupees per month. Teachers can earn in the range of 15,000 to 25,000 rupees a month.  Translators on the other hand receive Rs. 250 to 500 per page. Similarly, an interpreter who is paid on an hourly basis can earn up to Rs. 2000 to 4000 per hour, again depending upon his calibre and work experience. Freelancers earn on the basis of the projects they receive.

Assuring Smiles through Covering Risks – A Career in Insurance

Assuring Smiles through Covering Risks – A Career in Insurance : The expanding Insurance market has provided a plethora of job opportunities. Depending upon their skills and qualifications, anyone can find rewarding employment in Insurance sector. Life is fraught with dangers. Take a look around, whatever we see is at risk. That swiftly moving car may meet an accident at the next turn. That healthy kid playing in the park may next day come down with a life-threatning disease. That man leaving for his job may never return home. That old couple next door may not receive their  next pension cheque due to market crash. INSURANCE is the tool to overcome any financial difficulties arising out of such contingencies. Earlier Insurance was termed as a “necessary evil” but with the increase of risks in modern times the need for a risk-cover is needed greatly.                To cover different type of risks, various kinds of Insurance products are being offered by companies. With increase in trade over the years and the awareness amongst the public, people in India are awakening to the need for Insurance. This expanding market has provided a plethora of job opportunities. Depending upon their skills and qualifications, anyone can find rewarding employment in the Insurance sector. There are both, Public Sector Companies (i.e. Government Owned) e.g. LIC, Oriental, GIC etc. as well as Private Insurance Companies like ICICI Lombard, HDFC Life, Aviva, Max Life Insurance etc. in India. Also, there are some Joint ventures between Public and Private sector like between Bank of India and United Sompo of Japan etc.                                                                    Recruitment and Compensation In Public Sector Companies, there are mainly 2 divisions at lower management level i.e. Administration and Business Development. ADMINISTRATION looks after the back-end, day to day administration and smooth functioning of companies. Here, recruitment is done through competitive exams in 2 cadres, viz., Clerical and Executive (AAO). In BUSINESS DEVELOPMENT, there are independent Insurance Agents who are not the employees of the company and work on a commission-on-sales basis. Development Officers, who are company employees are responsible for managing the network of agents. In private sector, minimum qualification for recruitment in administration is Graduation. Executive level positions are held by professionals with degrees like MBA(Mktg), MBA(HR), CA, Law Graduates etc. Private companies also work on the Agent-model. Apart from these, there are various jobs like: PRODUCT DESIGN and RISK MANAGEMENT: This is a high risk job with a commensurate compensation package. Here, the preferred candidates are highly qualified professionals like Actuaries, CAs and MBAs from premier institutes. CLAIM EVALUATION: This work is generally outsourced to Technical professionals from relevant fields. They are paid on a case to case basis. LEGAL: Being a litigation prone industry, the Legal section of an Insurance company is a very important section. It is responsible for representing the company in various forums, legal and statutory compliances, testing new products for legal validation etc. Law graduates are preferred for this profile. A lot of legal work is outsourced too. OFFICIAL LANGUAGE OFFICER:   In all Public Sector Companies Official Language Officers are appointed to promote the use of vernacular languages in day to day working and official correspondence. Preferred candidates are Masters degree holders in their respective languages.     Career Path   Compensation in Insurance industry varies on the basis of skills and performance of candidates, however a fair idea of popular average salaries offered in India and overseas is detailed below : Job Responsibility Appx Annual Salary in India (INR) Appx Annual Salary in USA ($) Accounts Manager 4,00,000 – 6,00,000 50,000 – 55,000 Underwriter 7,00,000 – 10,00,000 55,000 – 60,000 Business Development Manager 3,00,000 – 5,00,000 60,000 – 80,000 Development Officer 5,00,000 – 8,00,000 - Acturial Analyst 4,00,000 – 5,00,000 40,000 – 50,000 Senior Actuaries 10,00,000 – 25,00,000 1,00,000 – 2,50,000 Other Operational Executives 4,00,000 – 6,00,000 40,000 – 70,000   Top Institutes   Indian Almost every Insurance company recruit graduate freshers for various general management, sales and marketing roles. However specialists are preferred for the roles of actuarial valuation and policy making, claim loss surveys, risk underwriting and other expert domains. Various institutes are imparting insurance educations in country and abroad. Name of the Institution Location Courses Offered Duration Fee Structure Website   Birla Institute of Management Technology (BIMTECH) Noida PGDM (IBM) 2 years 3-5 Lacs www.bimtech.ac.in/ Insurance Institute of India (III) Mumbai Agent and Surveyor Accredition 1-2 years Upto 1 Lacs www.insuranceinstituteofindia.com/ Institute of Insurance and Risk Management (IIRM) Hyderabad PGDM 2 years 3-5 Lacs www.iirmworld.org.in/ Institute of Actuaries of India (IAI) Mumbai Actuary Professional Accredition 5-6 years 1-2 Lacs www.actuariesindia.org/ Various Management Institutions like IIM’s, MDI, IIFT, IMT etc India MBA / PGDBM 2 years 4-8 Lacs -    Overseas Institutions Insurance is an integral part of any successful business and hence insurance education is integral to all business academics curriculum . Separate topics covering major aspect of Insurance are taught in most of the MBA programs worldvide. All major countries have their actuarial institues. Some of these institutions are :   Name of the Institution Location Courses Offered Duration Fee Structure Website   Chartered Insurance Institute (CII) UK Diploma and various certifications in Insurance 1-2 years $ 2000-10000 www.cii.co.uk/ Society of Actuaries (SOA) USA Actuary Professional Accredition 5-6 years $ 10000-20000 www.soa.org/ Harvards Business School (HBS) Boston MBA 2 years $ 50000 + www.hbs.edu/ MIT Sloan Sloan MBA 2 years $ 45000 + www.mitsloan.mit.edu/ Institute of Actuaries of Australia   Australia Actuary Professional Accredition 5-6 years $10000-20000 www.actuaries.asn.au/   What Next?   A career in insurance industry comes with a plethora of benefits including name, networking, wealth and satisfaction. Although neither a lost life can be reclaimed nor damage to any property can be undone, insurance nevertheless provides people with an option to rebuild their lives by ensuring financial stability even in critical times. With increase in worlwide economy the scope of insurance sector is set to grow by leaps and bounds. So don’t miss the bus!