I am a final year student currently pursuing economics(H) from Hindu College, DU. I’m interested in pursuing a career in investment banking and international economic relations. What is my best option for a master’s course? What are some of the countries/universities that I can consider if I want to pursue my master’s abroad?
-10/1/2014 12:07:00 PM
Investment banks broadly cover two areas of work. The first is financial advisory work. For example, a big corporation might ask for the bank’s help if it wants to borrow money in the bond markets, or float itself on the stock market, or buy up another company. Secondly, they deal directly in financial markets for their own account. An investment bank’s markets division makes money by buying financial assets from one client, and then selling them to another, often with a hefty mark-up.
Economics is a perfect degree for an investment banker because he/she needs an excellent grasp of both macro and micro economics and the ability to use the analytical and numerical tools that a degree in economics gives him. So you can take up an MA in economics, or an MBA specialising in finance. The MA/M Sc courses in economics offer several specialisations, including development economics, world economics, financial economics, business economics, international economics and so on.
The School of International Studies under Jawaharlal Nehru University, New Delhi, Delhi School of Economics, Madras School of Economics, Gokhale Institute of Politics and Economics, Pune, Banaras Hindu University and several other institutes offer a wide range of options in the MA/ MSc economics courses. While you may not find many specific courses in international economic relations, the MA international relations does include modules on economics and world economy.
Of course, you will probably get many more options for master’s programmes abroad whether in the US, UK, Canada or a European country like France, Spain or Germany, as practically all top universities offer such courses. ----- Usha Albuquerque
I completed a PhD in commerce and I I want to go for the Chartered Financial Analyst programme. Are there any good institutes offering this course in Delhi? What is the
fee structure and syllabus of this course? How many times can one take the exam? Are there any scholarships available?
-9/10/2014 11:55:00 AM
The Chartered Financial Analyst (CFA) designation is an international professional certification offered by the CFA Institute (formerly AIMR) to financial analysts who
complete a series of three examinations, and have 48 months of qualified, professional work experience.
The CFA programme helps develop skills in financial accounting, management accounting, financial management, investment management, project planning, venture capital
management and so on. It is, therefore, a job best suited for those who are interested in a career in finance. You can take up CFA as you have done PhD in commerce. To
be successful in this field, you need to have good mathematical and analytical skills, problem-solving and organisation skills. You also need to have sound knowledge
and interest in commerce and business and be good in decision-making.
The CFA programme study is conducted through distance learning and there are study centres across the country . The programme includes a series of three exams that are
offered in test centres around the world. These three exams — level 1, 2 and 3 — must be passed sequentially as one of the requirements for earning a CFA charter. You
can register for the next exam once you have received the exam results of the first. Most candidates take an average of four years to complete the programme. For more
details, check the website: www.cfainstitute.org. ----- Usha Albuquerque
I completed my BBA in 2013 and joined my family’s construction business. Due to financial problems, I could not take up BTech after Class 12. So I opted for BBA and helped with the business. I want to do BTech in civil engineering and go abroad for further studies. Is it a good idea?
-9/6/2014 3:01:00 PM
There are many engineering colleges where there is no maximum age limit for admission to the BTech course. You will need to clear an entrance test and go through the relevant counselling and interview for selection. However, keep in mind that an engineering degree course requires you to have a background in physics, chemistry and math as subjects in Class 12, without which you are not eligible to appear for the entrance test.
However, you can pursue courses in construction and project management which train professional managers to manage projects. Specific courses in construction management are offered by institutes such as the National Institute of Construction Management and Research (www.nicmar.org) in Pune, Goa, Hyderabad and Indore. These are postgraduate courses, full-time as well as executive programmes.
Project management is normally covered in production and operations management and applied to many aspects of industry. Most MBA programmes cover production/operations management in which some general aspects of project management are handled.
You can also check out institutes like SP Jain Institute of Management & Research, Mumbai (www.spjimr-cpm.org), which offers master’s certificate in project management aimed at corporates, IT, engineering and construction professionals. School of Project Management, Pune, offers a PG diploma in project engineering and management for degree holders. ------- Usha Albuquerque