Imarticus Learning
India’s leading professional education institute, offering certified industry-endorsed training in Financial Services, Investment Banking, Business Analysis, IT, Business Analytics & Wealth Management
For numerous finance aspirants and enthusiasts, throughout the ages, these global investment banks, have become symbols, which inspire awe, curiosity and intrigue. They have been on the global scene since a long time, comfortably co-existing beside, the major rise and fall of the global trade and capital, over the years. Let’s being with the historical perspective, when the father of economics, Adam Smith, famously stated that capitalism, is symbolic of an invisible hand guiding the market and directing it in the allocation of goods and services. There was a time when the key players in the field of finance, were the countries of Britain and the Netherlands. Then came the era of two distinct banking models, emerging at the height of their popularity. The merchant banks, which went to become symbolic as an inspiration for all the financial firms, which many leading families would soon establish, in what was to become the present day market. While the older version of these merchant banks, were quite largely a private affair, where the families would put in their personal income, as the capital of the firms. But this scenario, underwent an impressionable change, with a new merchant bank model coming to the fore. These merchant banks usually indulged in the seeking capital, by selling securities to third party or public investors. These investors, then were able to sell the securities or trade them in the organised security exchanges, in prominent nations like London and New York. This gave rise to the a set of firms, which were basically involved in becoming underwriters, they would be representatives of the issues in front of the investing public and thus would successfully negotiate and facilitate all of the details of the issuance. This was how investment banks came into existence, during the latter half of the 19th Century. While there were a number of firms, which busied themselves in purely just issuing and selling of securities, there were some big guns like, JP Morgan, which did not limit themselves to just that, but also began to dabble in the field of commercial banking. But soon there was a clear cut separation of these commercial banks, from the investment banks. The reason for this was the great economic depression, which pushed the government of America into the chasm of economic instability. The event of separation of commercial banks from the investment banks, is popularly known as the Glass-Steagall Act of 1933. Later on firms like Morgan Stanley, Goldman Sachs, Lehman Brothers and First Boston, went on to assume the prominent role in the underwriting business in America. Thus investment banks have, not only come a long way, but have also positively flourished in a wide variety of economies, from assuming the role of merchant banks in the 18th Century London and Amsterdam to going on to become the behemoths of today. As long as the concept of market economy is in vogue, investment banking as a career will be in vogue, with a number of finance aspirants vying for a prosperous career. This in turn will keep on boosting the popularity of institutes like Imarticus Learning, which have been successfully imparting industry, endorsed education and skill to all finance aspirants.
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With the increasing globalization, coupled with the need for expansion, that a number of companies are experiencing today, many firms have taken to a very modernistic, kind of economic imperialism. While this concept is devoid of the negative connotations, that its namesake came attached with in the medieval and early modern ages. Today, there are a number of firms trying to get their operational units, firmly rooted in various foreign countries, including India. While this process is on, there has been a certain kind of thought process co-existing, which is that all of these firms are only looking out to hire graduates with an finance degree. There was a time, when it was only the MBA graduates, who were considered to be the be able to manage all the financial activities of a firm, in the most excellent way. This was one of the reason for the immense popularity of these finance courses, another being the supposed fact, that these courses, especially an MBA in the field of Finance, gave a candidate an option of learning more things, in a very effective way. This degree would be very useful in various functions such as, analyzing the business terms as well as other features. There was a time when it was considered to be the only course, which would help a candidate, in choosing a stream of specialization among Finance and Marketing. It was also considered to be the best option, for any professional looking to make a career in the field of Finance. With many excellent employment opportunities for offer, the MBA course had very well become the go-to option, for anyone looking to have a sterling career in Finance. While this may have very well been the case about 5 years ago, is the situation still the same today? While for a majority of us, it might be very isolating to be the only individual without an MBA degree, among masses of population armed with post graduate degrees, as well as MBA’s; it does not need to be the case anymore. Now a days a number of professionals out there have come to terms with the fact, that there is so much more to an individual, apart from their educational background. With these new-age idea floating around the globe, including the HR circles, the much coveted MBA degree has begun to loose its novelty. Earlier it was believed that acquiring an MBA would throw open the doors of every top company, as well as great salary packages. This belief has been debunked massively, as a result of various statistics, which state that there has been a very slim increase in the salaries of MBA holders, which were otherwise pretty stagnant. Apart from that one of the most important facts, to take into account is that not every MBA degree would be acknowledged, except for those acquired from esteemed, ranking Business schools. The duration of any MBA program is around 2 years, which basically translates into a lot of time as well as debt. With the emergence of new and advanced specialization training programs, the traditional MBA courses are well on their way to becoming obsolete. Institutes like Imarticus Learning which offer, industry endorsed, finance certification programs, such as certification in Investment banking which is of less duration as well as affordable, are very much in vogue in the present times. |
About ImarticusImarticus Learning is a education institute based in Mumbai. We offer certified industry-endorsed training in Financial Services, Investment Banking, Business Analysis, IT, Business Analytics & Wealth Management. Archives
December 2018
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