Featured Posts

Holistic development for students

Apr 2019

Read More

iDC Official Blog

BITSAT 2017, Application Process, Dates, Exam Pattern

BITSAT 2017, Application Process, Dates, Exam Pattern : BITSAT 2017 Notification   BITSAT-2017 is a Computer based online test for Admissions to Integrated First Degree Programmes of BITS Pilani Campuses in Pilani, Goa and Hyderabad.  Programs Offered Eligibility Criteria For admission to all programs except BPharm - Candidates should have passed class 12th with Physics, Chemistry and Maths, and adequate proficiency in English.  For admission in BPharm - Candidates should have passed class 12th with Physics, Chemistry and Maths, and adequate proficiency in English. However candidates with PCM is also allowed to apply for BPharm program.  Candidate should have scored 75% marks in class 12th aggregate of PCM or PCB.  Candidate who have appeared Class 12th exam in 2016 or if appearing in 2017 are only allowed to apply for BITSAT BITSAT-2017 Exam Pattern Important Dates   Application Link - Click Here   --- If you would have further queries regarding BITSAT-2017 or need career guidance please email us at support@idreamcareer.com or call us at 9555990000. 

NEST 2017, Application Process, Eligibility, Important Dates

NEST 2017, Application Process, Eligibility, Important Dates : National Entrance Screening Test 2017 The National Entrance Screening Test or NEST 2017 is a compulsory test for admission to the 5–year Integrated MSc programme in basic sciences – Biology, Chemistry, Mathematics and Physics – at: National Institute of Science Education and Research (NISER), Bhubaneswar & University of Mumbai – Department of Atomic Energy Center for Excellence in Basic Sciences (UM–DAE CEBS), Mumbai. Both NISER and CEBS are autonomous institutions established by Department of Atomic Energy (DAE), Government of India, in 2007. NISER is an off–campus centre of Homi Bhabha National Institute (HBNI) and all academic programmes of NISER are affiliated to HBNI.  Eligibility Criteria A candidate becomes eligibile for the program if he/she satisfy the following 4 criteria (all 4): (a) Secures a position in the NEST merit list. (b) Pass the XII standard board examination or equivalent in the science stream in the years 2015 or 2016 or 2017 from any recognised Board in India. (c) Secures at least 60% in aggregate in the XII standard board examination. For SC/ST/PD students the requirement is 55%. (d) Born on or after August 01, 1997. For SC/ST/PD students the limit is relaxed by five years. Important Dates Application Start - January 2, 2017 Online Application Last Date - March 06, 2017 Admit Card Download Date - April 14, 2017 Date of Examination - May 27, 2017 Result Announcement - June 16, 2017 NEST 2017 Examination Pattern The question paper will consist of 5 (five) sections of objective (MCQ) type questions. Section 1 is the general section and is of 30 marks. There will be no negative marking in the general section. Sections 2 through 5 are of 50 marks each and will contain subject specific questions from Biology, Chemistry, Mathematics and Physics. Application Link - www.nestexam.in -- For more information or if you would need career guidance, please email us at support@idreamcareer.com or call us at 9555990000.     

CLAT 2017, Admission Process, Forms, Eligibility, Important Dates

CLAT 2017, Admission Process, Forms, Eligibility, Important Dates : CLAT 2017 Admission Process & Notification General Information about CLAT 2017 CLAT (Common Law Admission Test) is the most demanding law entrance exams for admission into the 5 year integrated law course (BA-LLB, Bcom-LLB, BSc-LLB, BBM-LLB). CLAT 2017 will be conducted by NLU, Patna. A total of 18 NLU's (including MNLU, Nagpur) take admission for the UG level Law program via CLAT 2017. CLAT 2017 Exam Date - May 14, 2017 Total Seats - 2,522 for UG 5 year Law program Important Dates Notification - 25th Dec, 2016 Form Application to start on - 1st January, 2017 Last Date to Apply - March 31, 2017 Exam Date - May 14, 2017   List of 18 participating Institutes National Law School of India University, Bangalore (NLSIU).National Academy of Legal Study & Research University of Law, Hyderabad (NALSAR).National Law Institute University, Bhopal (NLIU).The West Bengal National University of Juridical Sciences, Kolkata (WBNUJS).National Law University, Jodhpur (NLUJ).Hidayatullah National Law University, Raipur (HNLU).Gujarat National Law University, Gandhinagar (GNLU).Dr. Ram Manohar Lohiya National Law University, Lucknow (RMLNLU).Rajiv Gandhi National Law University, Patiala (RGNUL).Chanakya National Law University, Patna (CNLU).National University of Advanced Legal Studies, Kochi (NUALS).National Law University Odisha, Cuttack (NLUO).National University of Study & Research in Law, Ranchi (NUSRL).National Law University & Judicial Academy, Assam, Guwahati (NLUJAA).Damodaram Sanjivayya National Law University, Visakhapatnam (DSNLU).Tamil Nadu National Law School, Tiruchirappalli (TNNLS).Maharashtra National Law University, Mumbai (MNLU).Maharashtra National Law University, Nagpur (MNLU)   Application Link - www.clat.ac.in Please note that the form application will start from Jan 1, 2017.  --- If you would require any career guidance or have any query, please write to us at support@idreamcareer.com or call us at 9555990000.       

NATA 2017 Architecture Exam Notification

NATA 2017 Architecture Exam Notification : NATA 2017 Admission Notification   Dates for The National Aptitude Test in Architecture (NATA) 2017 is announced.    It measures the aptitude of the applicant's drawing and observation skills, sense of proportion, aesthetic sensitivity and critical thinking ability along with mathematical and general knowledge .     Eligibility: 50% in 10+2 with Maths as an academic subject. Please note that any student from Science, commerce and Arts can give NATA exam if they have studied Maths in class 12th.    Change in NATA this year   Unline last year, NATA 2017 will be conducted on a single day across the country. It will be conducted on a pen and paper based format.    Examination Pattern   Exam Schedule ---- If you are looking to get career guidance or opt for our entrance exam application alert programs, please write to support@idreamcareer.com or call us at 9555990000.   

Awesome Tips that may Help You to get Better Career in Life

Awesome Tips that may Help You to get Better Career in Life : After the excruciating years of your academic career, it's time to face the "real thing". It’s time to put down your textbooks and start looking at your professional life and moving towards the career you have always dreamed of. Life, apparently, does not stop and wait for you to decide which career path to take. Life certainly does not give you an awesome career on a silver spoon. Like every other successful and wealthy person in the Forbes list of the richest, a great career comes with a price. Don't worry; the price is not that hard as long as you are inclined to give some effort. So here are some awesome tips to get you going on your career.   Get social. Make connections and use these connections. Always be in the know (in a good way, of course). Ask around and be nice to your co-workers. Remember, knowing who’s who have higher probabilities of a promotion than those who do only what they are told to do and nothing else. Make friends in the workplace and take advantage of these connections to move up the ladder.   Awareness and attitude. What nobody tells you about office protocol but something that you should always keep in mind is that superiors hate people with attitude. They might have a company policy of "nothing personal" but then, when is it ever not personal, right? Another thing is to always be aware. Know what’s going on. Ask questions even with the littlest gist of any change, but be mindful of knowing the difference between gathering useful information and office gossip.   Make an action plan. You action plan is your to-do list on how you can attain your goals. In some cases, if you want to move up the ladder, you will need to have additional certifications. Going on a university is obviously out of the question, so you can try online learning. Keep your action plan realistic and systematic. The more tangible the actions are (even if it may look gradual) the faster you can accomplish your list and attain your goal.   Focus on work. Do not follow money. Let’s be downright honest here. We all work for money. Everybody knows that. So you don’t have to rub it in everyone’s faces – especially your boss – that you are here for the money alone. A career means your passion and calling for a specific profession. All money and workload put aside, your enthusiasm in performing your task should be as constant as the air you breathe.   Financial situation. To clarify, this is not to contradict the 4th point, but to let you know where you should appropriately put money into play. For instance, before jumping into any career-move and decide to follow your heart’s calling – especially if it means being paid less than what you’re currently earning – take a look at your financial situation first. If your bank account screams a “no”, believe it. Otherwise, you will be doing exactly what we are dreading in the 4th point: when it becomes all about the money.   Moving on the right track of your professional life means better financial capacity, strong possibility of landing your dream job (if you have not done it already) and increased job and self satisfaction. It's about working hard to earn that pride in your gut. Bottom line: you want a better career, you should work hard for it. --------------------------------------------------------------------------------------------------------------------------- Author Bio: Andy Bell is an everyday learner and editor, working at Tutoring Help. He is passionate about helping online learning businesses to achieve their goals. He loves tutoring job & his favourite subjects are math and English, but he has also taken honours classes in science and history. Outside the classroom, he enjoys tennis and is an active member of the Rancho Crandon Park.

At the click of the Law: Opportunities in Cyber Law

At the click of the Law: Opportunities in Cyber Law : Internet today is a necessity more than a privilege and so has been declared in the United Nations. The World Wide Web (www) or the internet, is an alternative universe. It is the virtual world where we exist, speak our minds with family and friends. It is also a space where details of financial and transactional details, sensitive documents, personal records and many other ‘properties’ are stored. But who’s there to protect it all? According to a recent the Internet And Mobile Association of India (IAMAI) report, India has more internet users than the total population of the US and has become the second largest country by the number of internet users after China with 354 million users actively using the net. While you may have signed petitions for Net Neutrality, worried about the big brother taking over our privacy on the internet or heard about various financial and banking frauds, how can you take a more proactive part in enhancing the cyber laws of India? Just 20 years ago, Indian was just waking up to the internet, just like many other countries in the world. Like a small baby, we are still learning the cause, effect and the various uses and misuses that are inherent to the age of internet. And to protect us from a few malicious causes and misuses of the internet, cyber law, the law meant for the internet came into being. Cyber is a word used to define the culture of virtual reality, information technology, etc. And the laws that protect these spaces – both from perpetrators and intruders are called Cyber Laws. Across the globe, these laws are in their nascent stage, growing along with the ever-expanding purview of information technology. A career in Cyber Law is an exciting one because it is a growing field. Every once in a while a new anomaly is found, and most of the days, it is fixed. While most laws deal with an actual, physical world and its rights, Cyber Law is just expanding to identify the internet world and its rights there.   India and Rising Cyber Crime  In India the Information Technology Act, the first cyber law act was introduced in 2000. According to National Crime Record Bureau reports, there has been an increase of 60.06% in cases registered and 64.15% in arrests made under IT act since 2012 and the number continues to rise. Similarly, an increase of 73.54% in cases registered and 55.14% in arrests made under IPC since 2012.    Kind of Cyber Threats - Cyber terrorism - Industrial espionage - Phishing - Credit card frauds - Viruses, Spam, etc Basically crimes that are computer related and facilitated crimes.   Education A candidate who aspires to be a cyber lawyer needs to study more that what his basic law degree offers by undergoing training in internet processes, and understanding technicalities of computers, communication devices and the internet space. There are many short-term online certification courses that range from 6 months to a year for people who want to be consultants or are existing lawyers. These courses are tightly-packed to give you the basic understanding of cyber laws. Institutes India INDIAN LAW INSTITUTE, Delhi www.ili.ac.in Symbiosis Centre for Distance Learning www.scdl.net Asian School of Cyber Laws www.asianlaws.org International Forensic Sciences Education Department www.ifs.edu.in   These courses range from Rs. 3,000 to Rs 10,000 for the entire course duration. If you are a lawyer, these kinds of courses will aid you in exploring cyber law. However, if you belong to a non-legal background, you may become a consultant or an adviser to a company. Legal Education As a cyber lawyer, there is great opportunity to support IT and to make the best of the opportunity, particularly because of the rise on technology and use of the internet. The field also needs new talent to make laws and execute them. If you are interested in making a career as a Cyber Lawyer, you will need to be trained in specialized education related to the field.  To step into the legal arena as a Cyber Lawyer, the first step is to at least possess a Bachelor’s degree in Cyber Law. Furthermore, post the degree, you will have to successfully clear national-level exam to obtain the license to practice. Law Schools in India National Law School of India University (NLSIU), Bengaluru         www.nls.ac.in/           Campus Law Centre, University of Delhi http://clc.du.ac.in/ National Law University, Delhi www.nludelhi.in ILS Law College, Pune www.Ilslaw.wordpress.com Amity Law School, Delhi www.amity.edu Symbiosis Society’s Law College, Pune www.symlaw.ac.in NALSAR University www.nalsar.ac.in Gujarat National Law University www.gnlu.ac.in/ National Law Institute University (NLIU), Bhopal www.nliu.ac.in/ Government Law College, Mumbai  http://glcmumbai.com/   The course fees for a law degree vary from college to college and therefore proper research into the course curriculum, affiliation and fee structure should be carried out before taking admissions. Abroad Harvard Law School, Us www.hls.harvard.edu Stanford Law School, US https://law.stanford.edu/ Georgetown University, US www.law.georgetown.edu London School of Economics and Political Science, UK www.lse.ac.uk University of Southern California, US www.usc.edu University of New South Wales, Australia www.unsw.com University of Birmingham www.birmingham.ac.uk California University of Pennsylvania www.calu.edu   Career  As a Cyber Law expert/ or a Cyber lawyer, there are many opportunities that you can have apart from the legal firms and court-rooms – lawyer, legal advisor or assistant. You can also lend your talent to IT firms, police department, business houses, public and private organisations, education and many more. What are the job roles? The starting salary of a cyber lawyer can be around Rs.7.5 lakh-Rs.9 lakh per year.   Challenges As cyber law is a new profession, there are bound to be several challenges. - Constant updating of knowledge, devices and news - Know-how of different technologies - Lack of role-models - Keep up with changing and upgraded laws - Performance based work environment The biggest challenge of a Cyber Lawyer is the immense hard work and patience that is required for the job. An eye for detail and an inherent understanding of technology are the important qualities that make a successful cyber laywer.

The EPIC-urean Journey in the Foods and Beverages services

The EPIC-urean Journey in the Foods and Beverages services : FnB department is the heart of the hospitality industry, with one of the largest department as food and beverage quality is the yard-stick which measures success for the establishment.  Though all FnB services primarily revolve around gastronomical pleasures, acute knowledge of management, finances, inventory and hospitality are of utmost importance. According to a recent FICCI Grant Thornton report "Unlocking the potential in the food and beverage services sector",  the F&B (food and beverage) market in India is worth Rs 2.04 lakh crore, presently. Further insights from the report state that there is a huge scope for brand and chains of both Indian and MNC brands as there is yet very less penetration in the space. That teamed with the advent of entrepreneurs to create new restaurant concepts built around specific themes as made a career in FnB services, an enticing one. As adventurous as it sounds, FnB services is a fast-paced environment which is full of challenges and is highly competitive. Apart from hotels and restaurants, FnB services are an important facet to all hospitality organizations like, railways, airlines, cruise liners, corporate canteens and other allied industries. Education FnB is a specialization under Hospitality Management. There are courses varying from 6 months certificate course to four-year Bachelors course especially as Cooks, Bakers, FnB Management, Operations Managers, etc. with options to pursue specialized masters too. All courses require candidates to have passed 10+2 with a minimum of 50% result with excellent command on English. The leading colleges also have their own entrance test, group discussions and interviews for admissions. While checking for suitable colleges, it is advisable to check affiliations, course structure, specializations and feedback from previous students.     Career Path   Institutes India Oberoi Centre of Learning and Development - Delhi  www.oberoihotels.com Institute of Hotel Management (IHM) – Mumbai www.ihmctan.edu Welcomgroup Graduate School of Hotel Administration (WGSHA) – Manipal www.manipal.edu Institute of Hotel Management (IHM) -  Delhi  www.ihmpusa.net Institute of Hotel Management (IHM) – Aurangabad www.ihma.ac.in  Institute of Hotel Management (IHM) – Bangalore www.ihmbangalore.com Institute of Hotel Management (IHM) – Chennai www.ihmchennai.org Institute of Hotel Management (IHM) – Kolkata www.ihmkolkata.com Christ College – Bangalore www.christuniversity.in Sophia’s Polytechnic College, Mumbai http://haft.sophiapolytechnic.com/   Hospitality education in India is not very expensive ranging from Rs. 15,000 for short-term courses to Rs 3.5 lakh for an entire three year course, excluding lodging and other necessities. However, hospitality education in India has always been a subject of much debate, mostly the not so positive kind. Developing employable talent with sync to the needs of the industry has always been a challenge, but lately there are slight reforms to put innovative practices in place to ensure the same. Abroad Ecole Hôtelière de Lausanne, Switzerland http://www.ehl.edu/ Glion Institute of Higher Education, Switzerland http://www.glion.edu/ Les Roches, International School of Hotel Management, Switzerland http://www.lesroches.edu/ Cornell University, USA https://www.cornell.edu/ Emirates Academy of Hospitality Management  http://www.emiratesacademy.edu/ Les Roches International School of Hotel Management, Spain http://www.lesroches.es/ Oxford Brookes University, United Kingdom https://www.brookes.ac.uk/ Blue Mountain International Hotel Management School, Australia http://www.bluemountains.edu.au/ Hotel School, France http://www.vatel.fr/ César Ritz Colleges, Le Bouveret, Switzerland http://www.cesarritzcolleges.edu/   The courses are carved with the best industry standards and students are placed in the best hotels around the world, although placement isn’t guaranteed and it is an expensive affair. For specific fee structures it is advisable to write to them. Although hospitality education’s most popular schools are in Europe, the United States and the United Kingdom; other countries such as Australia, Canada and South East Asian countries like Malaysia, China, the Philippines and the Middle East are soon gaining popularity. Career The food and beverage service industry is a large one to say the least. From a waiter to a foods and beverages director, FnB has it all.  The profession requires strong managerial standards to overlook hygiene and training, inventory and staff management, culinary inventions and predictability as well as superior marketing skills. The jobs vary according to each individual’s hospitality acumen and strong points. While chefs and Fnb Managers have been a favorite amongst epicurean geniuses, lately careers as Bar Tenders, Dessert Chefs, Chocolatiers, etc are seeing steep rises thanks to the high demand, glamour and high returns associated with them. Salary According to Payscale.com a Food and Beverage Manager on an average earns approximately Rs 7 lakh a year. While there is a steep increase in salary for the first five to ten years, post that there is stagnancy in the pay scale unless you have been appointed at a strategic managerial position. Responsibilities in FnB service Management in diversity - Manage and work with a diverse staff from chefs to waiters to kitchen staff to cleaners An excellent communicator Passion of foods, beverages and customer service with the knowledge of the latest trends food and beverage trends Problem solving attitude Excellent organizational and inventory skills – knowing which area requires more attention and which products are good for your operations A numbers person - without math skills, you can't manage your food, beverage and labour costs. Perks of FnB services Enjoy gourmet food everyday Wine tasting and cocktail drinks High energy role Happy customers Opportunity to connect with people from all walks of life Pains of FnB Services No Such Thing As 9 To 5 Highest work load on holidays Out of the ordinary events most of the days – overcapacity, delay in orders , cold-storage broke down, customer complaints, etc   The key point to remember in an FnB service is that perseverance, positive enthusiasm and quality service pay handsomely. There are many cases where service boys have risen to the post of an FnB director; small-time chefs have become international sensations and FnB managers becoming United Nations officials overseeing FnB in many international head quarters. Meanwhile, it also said that F&B sector is crippled with issues as high real estate costs, licenses and multiples taxes. In addition, lack of quality infrastructure and shortage of adequate skilled manpower are hampering the growth of sector here in India too.  

A bird’s eye view of the society: Careers in Sociology

A bird’s eye view of the society: Careers in Sociology : Overview Why are some cultures patriarchal while others are matriarchal? Why is polygamy acceptable in certain societies but not in others? Why are people belonging to certain groups, societies or cultures inclined towards taking up certain professions? What is an ideal society? As a sociologist, you will be able to find out the answers to these and more such pressing questions concerning the world.   What is Sociology all about? Sociology is the study of people in relation to their fellow human beings, and it deals with topics like culture, religion, politics, economics, group dynamics, communication, power, conflict, inter-group behaviour, etc. Sociology tries to understand the behaviour of people at a group-level, rather than at an individual-level. Broadly speaking, the focus of Sociology is on understanding and explaining:   What might create an ideal society How is culture created, and how does it get passed on from one generation to another Similarities and differences among different groups of people Influence of social institutions on individuals     How to get into this Career? A student interested in pursuing a career in sociology can study Humanities at the plus-two level and opt in for Sociology as a subject. After that, a Bachelor’s and Master’s degree in Sociology can enable one for a successful career in this field. Those inclined towards academics and research should pursue MPhil/PhD degree as well.   In India, most universities offer specialised UG and PG courses in the field of Sociology, including, but not limited to, University of Delhi, Delhi; Jamia Milia Islamia, New Delhi; University of Calcutta, Kolkata; Jawahar Lal Nehru University, New Delhi; University of Hyderabad, Hyderabad; Jadavpur University, Kolkata, among several others.    You can find out more about these universities here:   University of Delhi, Delhi  http://www.du.ac.in/du/ Jamia Milia Islamia, New Delhi  http://jmi.ac.in/ University of Calcutta, Kolkata  http://www.caluniv.ac.in/ Jawahar Lal Nehru University, New Delhi  http://www.jnu.ac.in/ University of Hyderabad, Hyderabad  http://www.uohyd.ac.in/ Jadavpur University, Kolkata  http://www.jaduniv.edu.in/   Skills and Competencies You must be someone who is comfortable in reading extensively about societies around the world and must display a sense of empathy and curiosity towards them. You must be a critical-thinker with the ability to conduct research effectively. You must also have a flair in writing and public speaking for effectively communicating your research findings with interested groups.   Career Opportunities As a graduate or post-graduate in Sociology, you can find meaningful career opportunities in the academia, non-government sector and even in the corporate sector. You can become a professor of the subject at a university level and continue exploring the subject by doing research. Sociologists are much in demand in non-government organisations, including Oxfam, UNO, WWF, among other prominent names. These days, many corporate organisations hire students from a sociology background for CSR as well as market-research jobs. Besides these sectors, there are opportunities galore for sociologists in the research and publishing industries as well.   Cost Involved The cost of pursuing a UG or PG degree program in Sociology will depend on the institute you are pursuing it from. As government colleges are highly subsidized, the cost of pursuing the course from a government college will be very low whereas private colleges may be costlier. All in all, pursuing a course in Sociology may cost you anywhere from Rs 15,000 to several lakhs depending on the institute you pursue it from.   Talking Money: Remuneration As there are many different kinds of jobs that open up for you as a graduate in Sociology, your remuneration will depend on the kind of work you do. If you begin your career in the academic field, you can except to earn around Rs 40000 or more per month as an Assistant Professor. A job with an NGO can pay you anything between Rs 15000 to Rs 100000 depending upon the organisation and your role. A job with a corporate as a CSR or marketing professional may earn anywhere close to Rs 25000 to Rs 60000 per month.  

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  

Make volatility your friend as a Stock Broker

Make volatility your friend as a Stock Broker : Stock broking helps the buyers meet sellers and vice versa and bringing an equilibrium to the supply and demand in the financial market. The ticker is their heart beat of the stock broker as they capitalize on the uncertainties in the market.  Stock exchange can be defined as “an exchange or stock market where stock brokers and traders can buy and/or sell stocks (also called shares), bonds, and other securities.” Now, the next question would be “What is the difference between a broker and a trader?” The difference lies in the organization that they work for. While a broker works on his own, or for brokerage houses, traders work for asset management companies. Brokers interact directly with the client, while traders usually work for a portfolio manager. So ignite the animal spirit in you and bring out the punter in you, if you want to be stock broker. Stock broking isn’t for the faint hearted, one has to ride on the wave of volatility to be a successful stock broker. On the flip side, there is little room for monotonicity in stock broking as change is the only constant out there. There are opportunities galore for the opportunist. There are millions to be made, and, who knows it could be any one of you!!!   Required Education One needs to be a graduate, preferably in commerce, to be stock broker. Any work experience in similar fields is always handy. The minimum eligibility to be a sub-broker (the previous stage of being a broker) is a high school education. In India, the minimum age to be a stock broker is 21 years. In India, the stock brokers need to get themselves registered with Securities Exchange Board of India (SEBI), the controlling body of securities in India. The broker has to appear in various exams where one is judged on subjects like securities and portfolio management, economics, capital markets, etc. Further, larger broking firms prefer MBA (Fin), or, Chartered Accountants, or, Chartered Financial Analysts (CFAs). One needs to have a strong interest in financial markets, accounting and economics, along with strong analytical and quantitative skills.   Career Path             Career Path (10th to Job)   Course Details: As detailed above, graduation in commerce gives an edge if you want to opt for a career as a stock broker. However, the bigger brokerage firms like Kotak Securities, ICICI Securities, Karvy, Motilal Oswal(in India) and Morgan Stanley, Bank of America, Meryll Lynch (Global) favour MBAs and CAs. Hence, a list of top colleges in relevant fields is listed below for a quick reference.   Top Institutes (India): Institute Locations Course Eligibility Website/Information 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 Institute of Chartered Accountants of India   Any Chartered Accountant Class XII (Any discipline) www.icai.org.in/ Chartered Financial Analyst Institute, U.S.A Any Chartered Financial Analyst Undergraduate (or appearing in final year of UG exam) https://www.cfainstitute.org/pages/index.aspx   Top Institutes (Overseas):   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 There are few other institutes that offer certain courses that might help one willing to pursue a career in stock broking. The list of such institutes is given below College Place Course name Website Institute of Company Secretaries of India   Any major city in India PG membership course in capital market and financial services http://www.icsi.edu/ National Institute of Securities Market   New Delhi 1 year PG programme in fundamentals of capital market development http://www.nism.ac.in/   Mumbai Stock Exchange Training Institute   Mumbai Various certification courses http://www.bsebti.com/   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. An MBA from abroad would range between INR 35.0 lacs to INR 90.0 lacs including allied costs. The fees for various diploma courses and certification courses that are available in India start from INR 4,000.0 to INR 1.0 lac.   Job Profiles All in all, one can work in any of these broad categories: Work for institutions like brokerage houses, catering to retail clients Advisors Security traders Work for self, i.e., own practice The job roles usually offered are: Security sales representative Securities trader Securities broker Securities analyst The responsibilities of an equity analyst would typically include: Buying and selling securities for their client Acting as a securities sales advisor, suggesting clients what to buy or sell Elucidating stock market jargons and trading strategies to client Offering financial counselling and devising financial portfolios   Opportunities and Growth The growth and outlook of the brokerage houses is in sync with the economy. The last two years were very good for the industry. In the present year, even though the Indian economy and the financial market has been subdued to quite an extent, the inherent numbers of IPOs or Initial Public Offerings have increased considerably. Moreover, the inherent position of the Indian market is quite better than those in other markets, such as China which had suffered a huge market crash recently, as well as markets in Europe India is in a brighter spot in the global equity market helped by the favourable macro-economic environment. However, the global scenario might take a while to turn around. Moreover, with so many listed companies in India and so many IPOs coming every year, there is a huge scope for the stock broking industry in India.   Industries to Explore A stock broker would be working in the following industries: Banking and Financial Services Industry (BFSI): Brokerage firms, like, Karvy, Sharekhan Investment Banks like, JP Morgan, Goldman Sachs Banks, like, SBI, Deutsche Bank Mutual Funds like, Franklin Templeton, Mirae Asset Business houses, like, Tata Group, AB Group – Recruits for in-house trading   The CV of a stock broker The key skills that the recruiters look for in a stock broker at entry level are: Excellent communication and interpersonal skills – The job profile requires regular interaction with clients Ability to work under pressure – A stock broker has to take decisions in a fraction of a second and time would always be on the other side of the field. The individual should be self-motivated, proactive and possess a passion for investing and financial markets.   Earnings The compensation for the equity researchers are average at the initial stage of the career. Typically, their packages include a substantial bonus component. In India, the typical salary for an entry level analyst would range from INR 2.0 lacs per annum in small brokerage firms to INR 10.0 lacs per annum in the bigger brokerage houses, recruiting for proprietary trading profiles. The US counterparts earn more than $ 40,000 per annum plus bonuses.   What Next? The sub-broker would look forward to climb up the ladder and become a broker. After substantial experience, one can open one’s own brokerage house or advisory services   ---------------------------------------------------------------------------------------------------------------------------------------------- Latest Articles: Suit Up for a Career in Banking | Sports Management - Be the Sports leader for all games | A Career in Interior Designing | Striving to Make a Difference: Career as Development Practitioner | Put on your Dancing Shoes | Be a Piece of Art to Enter the Industry of Glamour: Career in Modelling | Play the mind game to start a career in Sports Psychology