Business Laws you should be aware of

Posted on December 10, 2019October 6, 2020Categories Education, Entrepreneurship, Executive Courses, Indian Economy, Mergers & Acquisition, Mutual Funds, Public policy   Leave a comment on Business Laws you should be aware of

Your business might be a separate entity on paper, but it is always going to be close to your heart. After all, your business is the bread and butter for all practical purposes.

So, what makes a business run smoothly in the longer run? A lot of you might say “sales”. Of course, sales is important and growth in sales every year is a positive sign. This is only possible if the business is doing business ethically as per the law of the land.

Business’ engaging in unethical practices come under the radar at some point of time, leading to a mega boycott by its consumers, suppliers and Government – which eventually making it a business from the past.

Different countries have different business laws. There are a few laws that are common, and a few that are different in each and every country.

Following business laws is very important as –

  1. You want your business to continue for a long time
  2. You don not want to end up in jail
  3. Your business has to be eligible for local, national and international contracts.

When in India, there are few business laws that every single business owner must know.

Business Formation Law

Before you start a business, you need to choose the type of business you wish to run. Are you planning to run a company that is public, a business with limited liability, sole proprietorship, or family business.

Once this is done, the owner must register his company with his regional Registrar of Companies (RoC).

Finance laws

Business runs on money and during the early days it is important to invest sufficient amount of money to keep your ship afloat.

Mainly, there are 3 ways to fund your business:

  1. Equity: By selling equity shares of your business, you bring cash in return which will help you grow your business.
  2. Debt: You incur a debt by taking out loan for your business at a fixed interest rate.
  3. Self-finance: This doesn’t need an explanation. You take money from your savings to fund your business.

Employment laws

You might be the only person working for your business during its early stages, but eventually when your business grows, you will have to start hiring.

When you have employees working for you, you must abide by labour laws and have agreements in place to ensure there are no conflicts in future. Ensuring you meet all labour/ employee law requirements may sometimes require you to hire consultants.

Intellectual Property Laws

If you have A business that invests heavily in research and development and builds new proprietory products – you need to be careful about Intellectual Property laws. It is necessary that you have a copyright, trademark, or patent it so that others cannot copy it.

Information technology laws

The use of technology in almost every single business is mandatory. It is also important to adapt to new technologies so that your business doesn’t lose out on efficiency.

Technology is the life blood of businesses now, but that comes at the risk of online threats. This is why the Government of India has introduced the IT act so that your identity and privacy is legally protected.

Contract laws

This is one of the most important laws to know. The laws that we spoke about until now thrive because of the contract law. This is a contract where both the parties unanimously agree to the stipulated conditions mentioned in the and agree to work together.

This needs to be communicated rightly so that there’s no dispute later on.

Conclusion

All major business players in the Indian market are known to abide by business laws to conduct business in India and the World. Only with clean books of accounts can the local and national population trust   a business. This is important for bidding for local, national and international contracts. This ensures longevity and a stable growth for the business.

BSE Institute Limited’s Executive Program in Securities and Business Law is all you need for building a stable empire, built on sound legal guidelines and trust. Join now!

 

A leader for the new age

Posted on October 10, 2019Categories Entrepreneurship, MBA   Leave a comment on A leader for the new age

The year is coming to an end, and so is the decade. The past decade has seen major changes in all existing sectors and has given rise to new sectors. Social media has taken over the world, self-driving cars have arrived, and we have banking facilities at our fingertips and the list can go on and on.

The changes in the industry are crystal clear when we compare the start and the end of the decade. How these changes have been implemented in this world?

There are underrated players in the industry who facilitate these changes. The reason we call them underrated is because their efforts are not visible to our eyes, but we see the end products. A lot of changes in our lives happen, without us realizing them, as they are implemented very smoothly.

A leader is the one who holds an organization together. He is the ultimate go to person for all employees, clients and vendors. So, what makes this position so unique and demanding? In today’s ever changing world, which traits would make a leader competent?

 

  1. Eagerness to learn: Technologies impact businesses in a unique way. It is a given that a firm needs to adapt to the new tech or risk losing its share of the market. Customers love innovation and are instantly attracted towards it. This is the reason why we say, “leader must be eager to learn”. An ideal leader must be curious about new innovations and trends, so that he can implement the right ones in his company. This eagerness to learn ensures that the leader is open to his subordinates’ thoughts. It not only helps creating a positive work atmosphere but also welcomes new ideas that could benefit the organization.

 

  1. Value your workforce: This is probably one of those tips that you have been receiving throughout the past decade or more. The problem is that not everyone follows this which leads to dissatisfaction among the employees. In a world that is so closely connected, it is very important to stand out from the rest. It will help develop a sense of inclusiveness among the workforce, which will be directly visible in their work.

 

  1. Empower the workforce: Any leader will be a little skeptical of this point. A lot of us might even see it as being risky. So why empower the employees, who do not have adequate experience? Digitization has made sure that employees have quick access to resources that is needed for their work. This should kick out the process of going through different levels for getting the required data and go ahead with any particular work. Employees should feel free to make any decision that could benefit the organization. The leaders in turn must assess these decisions to increase the efficiency and quality.

 

Some of you might mention, that these are easier said than done. Let us quote an example from the Indian IT industry:-

There was a point in 2014 when Infosys, a Bangalore based multi-billion dollar company was struggling. Their results weren’t up to the mark which saw its share price fall sharply.

In came Vishal Sikka, who was appointed as the CEO of this firm and asked to change its fortunes.

In the 2 months prior to his joining, 1 in 5 employees were leaving the organization. To change this, he promoted over 5000 people in the organization, with a pay rise.

The second change he brought in was to change the company from being low cost to high quality. The idea was that people are willing to pay more for better services. Along with this, he held “design thinking workshops” for his employees who were encouraged to come up with ideas to be more efficient on projects.

In 2015, he made sure Infosys was up to date with the latest industry technology. They just couldn’t compete with their western counterparts with the existing tech forever.

He even decided to move the corporate focus to Artificial Intelligence (AI). This will again benefit the firm in the longer run, as all major MNCs are now moving towards AI.

All the decisions Mr. Sikka took started showing results. The attrition rate dropped sharply and, the business started showing green shoots of growth. Infosys witnessed the highest rate of business growth in almost 5 years. All this resulted in a motivated and confident workforce – which was highly productive as compared to the past and their industry peers.

Conclusion

Now that we have seen an Indian example, you can imagine how important it is to have a perfect role model for a leader. Ensuring there is growth, keeping staff satisfied and creating a positive atmosphere for all your employees is crucial!

We at BSE Institute and IIM Lucknow offer you a chance to follow the footsteps of great management leaders with our Advanced Management Program. Learn leadership and get the designation you deserve.

THE NAPOLEON OF MODERN BUSINESS

Posted on September 24, 2019Categories Entrepreneurship, Executive Courses, MBA   Leave a comment on THE NAPOLEON OF MODERN BUSINESS

“Of all the things I’ve done, the most vital is coordinating those who work with me and aiming their efforts at a certain goal” – Walt Disney

As a child, you might remember the times you were chosen to be a leader. It needn’t be for a huge event. It could even be the time you were elected as the captain of your cricket team while playing.

How did you feel in that very moment? I remember how I felt. I could feel a sense of responsibility on my shoulders, to make sure my team performs well, and wins the match.

THE IDEAL LEADER

People often look at a leader and say that he/she is a born leader. Do you really think a person is born with all the qualities to be a leader? The answer is ‘NO’.

Although, yes, there are some people who are born with certain qualities that help them lead, but in the end, it is all about how eager you are to learn from your mistakes and bounce back.

How effective are you when it comes to observing the people around you. There are people who go through different experiences, which makes them behave differently. These help a leader understand the differences that exist among people. It is a vital experience for a leader’s growth.

Basically, a leader is someone who is willing to learn and grow through experiences and be the better version of himself all the time.

We as human beings tend to be different. We have different personalities, habits, interests, etc. But when it comes to leadership, there are certain values that you need to inculcate in yourself. This includes treating people the right way, making sure they are motivated at all times, working towards a common goal and being available to your people.

This will make sure that they look up to you every time they are in trouble, and most importantly, they will have your back when required.

During the tough times, you will be the ray of hope for them, who can guide them from the point of struggle to the point of victory. This is the essence of any leader and something every single employee will expect in his superior.

THE IDEAL BUSINESS

A business during its early stage is like a baby. You need to be very careful and conscious about your decisions because the decisions that you take in the start will make sure how strong your roots are.

One of the common problems faced by a business is when they start hiring. When an employee is hired, it is necessary to make sure that the person is well aware about the goals, the values and cultures of the company. This will give him an idea as to how he should work, and the importance of his contribution. The employees will lose motivation if they feel that there’s no clear idea for the business.

Moreover, most of the employees who join a company hope to be a part of a business which helps the world. Therefore, the leader of the organization is expected to align the business goals (monetary) with things that have a positive impact on the world.

This is a good point to speak about in “Corporate Culture”. Culture is not something the employers or leaders make, it is something that the employee witnesses every single day. To ensure a positive culture, it is important to make sure that the right people are hired for the right jobs. This ensures that the people working are competent and are really interested in what they are doing.

Similarly, communication is something that needs to be focused on. A lot of the things discussed between top executives never reach the employees. Transparency in communication helps maintaining a positive culture in the organization. An organization which follows these values can feel the positive atmosphere around itself.

This can be done through one-on-one session which will make the employee comfortable in giving out their opinion. You could ask for feedback on the current culture surrounding the work and suggestions to make it better. A thorough and an honest dialogue will inculcate a sense of inclusiveness among the employees, and this will motivate them to be better.

HENRY FORD

I’ve read about some of the most famous business leaders but none of them have impressed me as much as Henry Ford. There’s something about him that makes you feel that he’s one of the most successful leader.

Ford wasn’t just someone who used to think about the end consumers. He valued the workers at his firm as much as he valued any other person. He exemplified this by paying a good sum of money to his workers so that they could afford the cars that they make.

He was also a firm believer of the fact that you should surround yourself with like minded people who would motivate you to be better and push your limits. He made sure he hired some very motivated personnel who would work hard for the firm, and believed in his vision for the company.

The man was the epitome of leadership, who valued the small things and knew that these were the things that would help his business eclipse the rest.

THE DIGITAL AGE

The digital age or the modern age is moving and changing rapidly. You can get queries and opinions through digital means at any given point. From stakeholder queries to employees, you’re answerable to each question. This calls for you to be ready with the answers at any given point.

The decisions you take must be taken after a clear thinking process and should ensure that there’s a genuine reason for taking a particular decision. Communication here is the key. A smooth and convincing flow of words will establish the fact that you have a better idea about running the business.

This is where an in depth knowledge in history, human interaction and philosophy can do wonders for you! This is extremely important because no matter which business you are part of, you’ll always have a team with whom you’d have to interact with.

The people in your team need to be understood and trained accordingly in order to get the job done in an efficient way. A peoples man will always be able to get the work done from his team and at the same time maintain a positive attitude.

CONCLUSION

The modern world of business is a very different landscape from the past. It is constantly evolving and this calls for the leaders to be versatile. No one is born with all the qualities needed to be a leader. However, it is the ones who easily accept changes who reach the top of their industry.

Normal people become great leaders by focusing on areas that are ignored by others. This is what gives the great leaders an edge over the rest, which results in a positive impact on the whole business.

BSE Institute Limited and IIM Lucknow offer the Advanced Management Program, which helps you become an ideal leader of a modern business. Be the leader your troops need to win the business battle!

 

Automobiles – not so mobile!

Posted on August 27, 2019Categories Corporate Finance, Entrepreneurship, Indian Economy   Leave a comment on Automobiles – not so mobile!

A slump in business, an economic slowdown, is a topic which most national and international newspapers talk about. All major businesses which depend on consumer spending are complaining about a serious drop in sales, which has forced corporates to shut down factories and lay off lakhs of people.

The automobile industry is one of the biggest employer of the country, employing over 4 million people directly and indirectly. It is said to impact approximately 10% of India’s GDP.

The current slump in the sales of automobile industries reminds us of the decades gone by, not because they faced the same issues as today, but because sales were slow as the whole auto sector was much smaller than what it is today.

May, 2019 saw the sharpest drop in sales (20.55%) recorded in 18 years. This steep drop in sales has forced large manufacturers like Suzuki, Mahindra, Hero Moto Corp, etc – now keep their factories shut for a few days each month, as there isn’t enough demand for their cars/ bikes.

There are many reasons for this mighty slump. Starting from the liquidity crisis, the rise of Uber and Ola and a weak rural economy.

Demonetization and the implementation of the Goods and Service tax has ensured that many people using showed banks/ finance, no longer have the option of these shadow banking options. Most people who buy a two or a four wheeler, take a loan to buy the vehicle. With no unofficial channel of finance available, rural India, which accounts for a major chunk of auto sales, is now unable to purchase tractors, cars or two-wheelers.

A fat chunk of the loans availed by consumers were from NBFCs. They have funded around 55-60% of commercial vehicles, 30% of passenger cars and nearly 65% of two-wheelers in India, according to ICRA. With NBFC loans being unavailable, more than 200 dealerships have shut down in the last 18 months across India.

After the downfall of IL&FS (Infrastructure Leasing & Financial Services), many banks that are sitting on piles of cash, are unwilling to lend money. NBFCs lend money to consumers for buying property, consumer durables or any other product that can be financed. They would usually raise funds from banks, and with banks unwilling to lend them money, lending out to consumers is out of the question.

As observed in many industries, it’s not that a consumer buys what he needs, he/ she is tempted into buying something they may not need, but can afford due to the loan they can take. It will be very rare to see someone buy a car or a large durable product without a loan. Therefore, without the availability of loans, automobile sales have dropped by a huge margin.

There was a time when 70-75% of car sales were financed by NBFCs. It has now fallen to around 50%, thanks to stricter lending norms put in place by lenders.

The slump for this market is drastic and there has to be some changes brought in by policy makers. The only silver lining for the industry is the upcoming festive season. Festivals like Navratri and Diwali could bring in temporary relief for automakers with sales set to go up, at least marginally.

An interesting point for many MNCs to note is the conglomerate of Bajaj. Bajaj sells two wheelers and it realized that it depended heavily on banks and NBFCs for auto sales. Most dealerships have a bank/ NBFC executive at their office in order to provide support to consumers walking in enquire about their bikes.

The Bajaj group has its own NBFC arm by the name of Bajaj Finserv, which offers cheap financing options to consumers for its consumers. This was done by Bajaj in anticipation to any market slowdown that could happen in the future. Despite a slowdown, Bajaj Auto witnessed a 7% increase in sales in May, 2019. Hence, it proves that there is a healthy demand in the market, and with financing options, people can purchase what they need.

The auto sector is witnessing a slowdown, despite consumers having the willingness to spend. Ensuring that sales do not dip and the company has enough finance with it to run operations is the task of the CEO. The CFO is tasked with mainly managing the finances, arrange finance (corporate finance) – but in the case of an NBFC, his role is as important as the CEO.

These are the times when people look up to a company’s CFO. If a CFO is able to manage corporate finance well, he can turn a loss making company into a wildly profitable company. At one point of time, the CFO was just meant to be a financial gatekeeper, although now he/ she is a strategic partner for the CEO.

Basically, a modern day CFO must think big, plan for the longer run, he/ she must serve as the final financial authority that .

He is seen as a leader who ensures financial stability for the organization, supports the CEO and provides the Board of directors with a long term plan to ensure the smooth functioning of the organization.

Conclusion

Financially difficult situations are pretty much inevitable in the modern world. Changes are constant, and it all boils down to the decisions made by the senior management, such as the CEO and the CFO.

BSEVarsity.com offers an online course on CFA level 1 course on Corporate Finance. It is designed to give young working professionals a better understanding about the financial aspects of a firm. Get a unique in-depth understanding without disrupting your daily schedule! Click the link above to know more.

Calling all tigers, time to earn your stripes!

Posted on July 31, 2019Categories Corporate Finance, Entrepreneurship, Executive Courses   Leave a comment on Calling all tigers, time to earn your stripes!

“When you are under pressure, make the bold steps faster, don’t make them slower”

– Azim Premji

 

Financial management is an important function, not only for an individual, but also for a business. CEOs and other company leaders need to manage corporate incomes and expenses in a way that lets them build successful businesses that span across continents and help them earn record profits.

There are a few famous examples of companies that rose from the ashes like a Phoenix – thanks to the smart management strategies implemented by their leaders.

Apple Computers

One of the most famous example of a company snatching victory from the jaws of defeat is the story of Apple Computers. It was in 1997, when the then Apple CEO, Gil Amelio, was ousted. This was the time, when Apple was believed to have funds enough to pay only 3-4 months of salaries. This paved the way for the homecoming of Apple’s pioneer and the mastermind behind one of the greatest corporate miracles, Steve Jobs. He was tasked with rescuing the company and what followed is the stuff of corporate legend.

Jobs built a new lean system for running the company. He undertook painful cost cutting measures, like firing the employees he deemed expendable, discontinuing the products that were failing in the market and slashing unnecessary research and development projects. By focusing only on a few key things, Apple was able to limit unnecessary expenditure.

Eventually, Apple launched one product after another, which brought in record sales for the company. The iMac and iPod were the products that brought in an era of prosperity at Apple.

Today, Apple is the most valuable company in the world with a market capitalization of $1 Trillion Dollars!

For a company that was on the verge of bankruptcy, this is quite a turnaround.

Apple is not the only company that pulled off a blockbuster comeback.

We also have a famous Indian example – 

 SpiceJet

The company’s co-founder and Chairman, Ajay Singh had sold most of his stake to Kalanithi Maran of Sun TV for Rs. 750 crore. After massive losses and increasing liabilities which touched Rs. 1500 crore, the Sun TV founder reached out to Ajay Singh for taking the reins of the company. He acquired 58 percent from Kalanithi Maran in the year 2015.

This was just the start of revival. Ajay Singh came up with some phenomenal techniques to cut costs by adding capacity in their flights. He started by chopping off unprofitable routes, which ate up capital and were a drag on the company.

This ensured profits for the next four quarters with the aggregate figure touching Rs. 356 crore!

Ajay Singh says, “The basic problem was of trust. Customers were not booking tickets with us, lessors were taking back planes, vendors had stopped services, and the government was after us for clearing tax dues. Passengers were inconvenienced and employees thought they had no future. Everything that could go wrong had gone wrong”.

In order to change this he got down to the basics. From making sure flights were operating on time, to counters at the airport functioning in full flow. He worked on every single inch of the airline and pulled off the unthinkable.

All the planning and execution saw their stocks go up by 124 percent and gave them a market value of over $1 billion! The annual revenue of Spicejet was Rs 7,795 crores in 2018, with an annual profit of Rs 430 crores. This is a remarkable achievement for a company that was in the doldrums and on the verge of bankruptcy. Another point that needs to be highlighted is that the airline has made record profits despite high fuel prices and taxes.

The highlights?

It’s the leader who makes a lot of difference in building or busting an organization. With a well-defined vision and determined leadership that’s willing to stay the course even in tough times, organizations have made stunning comebacks. The examples listed above are just some of the few success stories. Leadership is learnt on the battlefield, when leaders are placed in tough situations. However, it’s not necessary to experience every tough situation to learn a lesson. That is why we have courses which let candidates learn from the experience of others.

To learn about all the various aspects of finance, management and leadership opt for BSE Institute’s Advanced Management Program in Strategic Finance ( From IIM LUCKNOW ). Learn from the best, to stay ahead of the rest.

 

With this, you can easily build a Billion Dollar MNC!

Posted on August 7, 2017Categories Entrepreneurship, Financial Markets, Global finance, Investment Banking, Short term programmes   Leave a comment on With this, you can easily build a Billion Dollar MNC!

We always wonder as to what sets the great founders of Billion Dollar companies apart from the other normal people. What sets great executives & CEOs apart from other CEOs? Is it just their passion, focus and commitment? Many people will agree with this. Most of us will believe that the commitment of the senior management to exceptional customer service, product development and outstanding branding and marketing are good enough to make you stand apart from the competition. However, there is a lot more to this than just these. One important aspect that tends to be ignored and does not get the right amount of attention is the business acumen of that leader.

Business acumen comprises of a lot of things. It is used loosely by many writers and journalists as the ability to understand the pulse of the market. That ability is actually a very small part of the overall business acumen needed to run and grow an organization.

It starts with understanding the kind of organization that is suitable for your business. It can be a sole proprietorship, partnership, private limited or a public limited company. Each type of company has its own advantages and disadvantages. The advantages can be in the form of Government support like subsidies or benefits which will make it easier for anyone to operate their business. Recruitment is easier in a Public Limited or a Private Limited company as the Government asks for a lot of details from the promoters and hence is comparatively easier. Many times, some companies insist on their vendors/ suppliers being registered Public/ Private companies, without which they may not do business with them. This is true specifically for Government tenders. This makes it very very important to know the right kind of company structure that is needed for your business.

Another important aspect to note is the liability of the founders/ promoters. In a partnership/ proprietorship, the founders are personally responsible, .i.e. the banks, vendors and employees can legally get the personal assets of the founders in order to claim all their dues as settled. However, the promoters personal assets cannot be touched as the law does not allow it. These are some protections that every promoter and founder should be aware of.

Understanding the various forms of funding and financing for companies is one of the most important points. Most businesses in their infancy need a lot of capital. This is true also for established businesses which have been operational for a few years. Knowing the best options for raising funds at the lowest cost, .i.e. the lowest rate of interest on your loans is the most important task for your business. Getting cheap capital in order to grow your business is a major reason for the reason for people from finance getting senior positions in the company. Raising funds from the market may be in the form of loans, debentures, stake/ share sales, etc. and choosing the option that is the most beneficial one for your company is the decision that sets you apart. Sometimes a wrong decision can result in your business being unable to keep up with the finance payments and could result in the banks taking over your business or replacing you with their CEO.

Raising capital is difficult business. Raising cheap capital is even more difficult. It is extremely important to be well networked in order to raise capital at a favourable rate of interest or in a way that doesn’t cost you too much. The best way to build these contacts is through your personal networks, through professional networks and you can start very early too. It is possible to collect such contacts while you are still in college. BSE Institute Ltd (BIL) is a 100% subsidiary of the Bombay Stock Exchange (BSE). It offers multiple courses for students and professionals to grow and excel in their careers in the BFSI industry. Its courses are taught by senior industry professionals and thus are a great way to gain industry insights and knowledge.

Managing working capital in the best possible way is another important skill that is a part of having business acumen. Most of the times, cash will always be short in supply and it is your decision to allocate it smartly in order to avoid borrowing any of the cash. 90% of the times, it is your clients which do not pay on time and this results in a cash shortage that impacts your day to day operations. If one is able to collect the outstandings on time and avoid any such situation, you are able to avoid the additional cost of loan financing that you may need.

Understanding the various financial ratios is important as that is the language in which most bankers and investors talk. Understanding and talking about financial ratios is very very important as the better your firm looks on a balance sheet or any other financial statement, the better chances of you raising more capital.

Leading your company through the industry and keeping up with its demand for capital and other requirements can be a demanding task. You may face disappointments, despite managing all stakeholders well. However, there is a solution to all this and as always its to NEVER EVER QUIT.

 

Masters in FinTech is your path to a senior position right after college

Posted on July 23, 2017Categories Algorithms, Analytics, Artificial Intelligence, Blockchains, Corporate Finance, Cybersecurity, Data analytics, Digital currency, Education, Entrepreneurship, Financial Markets, General   Leave a comment on Masters in FinTech is your path to a senior position right after college

A Million Dollar question that all of us are asked on our faces is, “What are your marks?”. The Billion Dollar question that people surely ask behind our backs is “How much does he/ she earn?” The answer to the first one does not impact us a lot as we may be pathetic students, but great employees. The second one is important as it is your first job that really determines the trajectory of your entire career. The reason is aptly outlined by the phrase well begun is half done. Your choices determine the kind of person you are and hence people will judge you for the college you choose, the course you study and the company you keep. This is why it is important to plan your future right to the “T”.

FinTech is the technology that manages mobile banking, digital wallets, digital banking, algorithmic trading and other online financial functions. Most of these were introduced by startups but now are being adopted by major global banks as these offer better and cheaper services to customers. Banks are able to build the infrastructure by pumping in money, but they are unable to hire the human resources required for managing the same. This is because the industry is fairly new and not a lot of people are trained in it. Due to a shortage in supply and a huge demand for these trained resources, skilled talent are getting hired at extremely high packages at senior positions. It pays to be at the right place at the right time and now is the right time for FinTech!

BIL offers a 2 year post graduate Masters in Financial Technology in affiliation with Mumbai University. The course curriculum is designed by experienced industry professionals who are sought after and highly respected in the BFSI industry. The course is designed specifically to ensure that students can perform all those functions a student with an MBA in Finance can perform. This includes operations and management of a business unit of a company. Students will have an additional expertise of handling financial technology like digital currencies, blockchains, algorithmic trading, etc.

The full time course is divided into 4 semesters, which consist of Financial Accounting, Business Statistics, Data Analysis and Interpretation, Principles of Financial Management, Peer to Peer networks, Blockchains, Digital currencies, Insuretech, Derivatives, Fund Management, Robo Advisors, Algorithmic Trading, Banking Technology & Operations, Cybersecurity applications and entrepreneurship management. Students will also get to train under some of the best industry professionals working at major financial institutions.

BIL is a 100% subsidiary of the Bombay Stock Exchange (BSE). It was established to train students and working professionals with the skills that are desperately needed by the BFSI industry, but are short in supply. BIL is located in the heart of the country’s financial capital and hence is able to identify those needs effectively. It offers multiple long term and short term courses for students and working professionals to get trained and seek better career opportunities.

The course curriculum is designed by experienced industry professionals who are sought after and highly respected in the BFSI industry. The course is designed specifically to ensure that students can perform all those functions a student with an MBA in Finance can perform. This includes operations and management of a business unit of a company. Students will have an additional expertise of handling financial technology like digital currencies, blockchains, algorithmic trading, etc.

Mumbai University is one of the oldest and the most prestigious Universities’ of India, which was established in 1857. The University has over 5.5 lakh students enrolled at any given point of time.It has the distinction of training and grooming some of the most distinguished personalities of the country from almost all walks of life. Adi Godrej, Anil Ambani, Mukesh Ambani, Azim Premji, Chanda Kocchar, etc. who are all well known and established names of the business World have Mumbai University as their Alma Mater.

All students who successfully complete the course shall be given placement assistance and will be awarded a degree by the University of Mumbai. Students can learn more by clicking here.

 

 

A Masters in Fintech makes you more valuable than an MBA (Finance)

Posted on July 20, 2017Categories Algorithms, Analytics, Artificial Intelligence, Blockchains, Corporate Finance, Cybersecurity, Data analytics, Digital currency, Education, Entrepreneurship, Financial Markets   Leave a comment on A Masters in Fintech makes you more valuable than an MBA (Finance)

Yes you read that correctly! BSE Institute Ltd (BIL)&the University of Mumbai jointly offer a 2 years full time Masters in Financial Technology. The course is designed to teach students all the subjects that an MBA in Financial Markets would teach them and will also help them gain expertise in Financial Technology. FinTech or financial technology is a new concept that is getting traction all over the world. Payment banking, cryptocurrencies, algorithmic trading, net banking, etc are all examples of FinTech. Banks have been investing Billions of dollars annually to upgrade their infrastructure. Banks are able to build the systems easily, but are finding it difficult to employ skilled professionals who can handle this technology. It is for this reason that, people with knowledge about this industry are highly sought after and are offered Rs1 crore plus packages, sometimes right after college.

Students completing this course are highly sought after as they are taught by working industry professionals, who have at least a decade’s work experience in the industry. All faculties are actively involved in designing and teaching of the course. This is a huge advantage as they are all placed at senior positions in the industry and are sought after opinion makers, who are quoted regularly in the media.

The Bombay Stock Exchange Ltd is Asia’s first stock exchange with a 141 year history and is today the biggest and the fastest stock exchange in the World. BSE Institute Ltd is a 100% subsidiary of BSE that was founded to promote working executives and students who are interested in the BFSI industry. BIL aims to assist professionals and entrepreneurs who are committed to growing the industry, their organizations, colleagues, employees. BIL offers multiple courses for professionals to learn from. With the institute present in BSE, the heart of Mumbai, the financial capital of the country, it gives students a chance to observe the industry and its events from a point that other institutes are unable to offer.

BIL courses are recognized by universities in UK, Canada, Germany, Australia and New Zealand. This gives students the opportunity to visit these campuses under student exchange programs and the option of exploring options there. BIL offers many short term and long term courses for those interested in building their careers or growing in the BFSI sector.

The course consists of subjects like Financial Accounting, Business Statistics, Data Analysis and Interpretation, Principles of Financial Management, Peer to Peer networks, Blockchains, Digital currencies, Insuretech, Derivatives, Fund Management, Robo Advisors, Algorithmic Trading, Banking Technology & Operations, Cybersecurity applications and entrepreneurship management.

The curriculum is taught with business case studies, simulations and live industry examples that gives students an idea of what they can expect in the industry. This gives students the opportunity to pick up industry relevant skills and knowledge that lets them hit the ground running from day one. The knowledge learnt is not theoretical, but practical.

Mumbai University is most well-known educational institution that needs no introduction. It is one of the oldest and the most prestigious universities of India. It has over 5 lakh students studying some course with it at given point of time.

BIL has won multiple awards all over the World for the excellent skills and knowledge that students pick up while they study at BIL. Students successfully completing the course shall be given placement assistance and shall be placed at major financial institutions, global/ national banks, investment banks, Private Equities, etc. Students completing the course shall be awarded a degree by the University of Mumbai.

 

 

 

Kickstart your career at a management level & not as a fresher with a Masters in Financial Technology

Posted on June 26, 2017Categories Entrepreneurship, Financial Markets, General, Global finance, Indian Economy, Internet of Things, Investment Banking   Leave a comment on Kickstart your career at a management level & not as a fresher with a Masters in Financial Technology

One of the biggest advantages of the 21st century is that no knowledge is out of reach. If there is anything that one wishes to learn and be the best at it, they can do it anytime, any place and anywhere. The downside to this is that skills that are scarce today are available in plenty tomorrow. It is therefor necessary to have a sound understanding of not just one, but at least of couple of important industries and their businesses.

Technology is one of the most important function of any organization today as it has practically changed the way any business is done. Finance is one of the last industries to be disrupted, but considering the impact that the world of Finance has on economies all over the World, it is important to situp and take note of the way the industry is changing. The biggest challenge that major banks and financial institutions face is their inability to hire large number of talented professionals for managing these businesses, due to the unavailability of skilled professionals. The industry desperately needs professionals who understand financial markets, banking and technology.

BSE Institute LTD (BIL) is a 100% subsidiary of Bombay Stock Exchange (BSE) and has over a decade’s experience in providing training to students and working professionals in the field of Insurance, Banking and Finance. BIL offers multiple short term and long term courses for beginning their career or moving up the corporate ladder. BIL has won multiple education awards nationally and globally for the high quality of education and training provided by it. BIL courses are recognized globally in countries like UK, Germany, Australia, Canada, New Zealand, etc. This gives students an opportunity to visit these countries under student exchange programs.

BSE Institute Ltd (BIL) and Mumbai University jointly offer a 2 year Masters in Financial Technology. The course is designed to equip students with a sound understanding of Banking, Financial Services, Insurance and Global Markets with a focus on the way technology is disrupting the traditional way of doing business. The course concentrates on major financial theories and concepts a student is expected to know after his MBA/ Masters in Finance coupled with the contemporary way of doing business.

The course is designed around subject like Financial Accounting, Business Statistics, Data Analysis and Interpretation, Principles of Financial Management, Peer to Peer networks, Blockchains, Digital currencies, Insuretech, Derivatives, Fund Management, Robo Advisors, Algorithmic Trading, Banking Technology & Operations, Cybersecurity applications and entrepreneurship management.

Students can also learn day trading in a simulation lab, that lets them conduct mock trading at real time prices. This gives students a feel of what they can expect if chosen for a certain type of job. Students will also be a part of a summer internship, where they get to train at the best financial institutions and banks, and under some of the best professionals of the industry.

Mumbai University was founded in 1857 and has over 5 lakh students on its rolls at any point of time. It is one of the oldest, largest and the most prestigious learning institutions of India. Due to its illustrious legacy, it counts on its millions of alumni, many of whom lead illustrious organizations and industries, for designing its curriculum and guiding students.

Mumbai University offers a degree on successful completion of the course. Students will be provided with placement assistance on completing the course. Click here to know more about the course.

Get the skills & knowledge of an MBA with BSE Institute’s Bachelors in Capital Markets

Posted on June 15, 2017Categories Corporate Finance, Education, Entrepreneurship, Financial Markets, Undergraduate Courses   Leave a comment on Get the skills & knowledge of an MBA with BSE Institute’s Bachelors in Capital Markets

There are very few people who are dedicated and committed to working in a certain industry right from a young age is very rare. For those who have spent a decent amount of time studying finance subjects on their own, the greatest frustration is not being taken seriously as the recruiters or their superiors feel that they do not have the requisite knowledge or skills as they have never studied those subjects! Now this changes as BSE Institute Ltd (BIL) offers just that.

BSE Institute Ltd is affiliated with Mumbai Universities Garware Institute of Career Development, to offer an industry driven 3 year Bachelor’s in Capital Markets Program. The 6 semester course has been designed to groom 12th students to take up jobs that are usually offered to MBAs with a Finance specialization. Students will be easily able to give investment advice to individual investors and financial organizations on the basis of any financial report/ statement that is given to them.

Students will be trained by senior industry leaders who are highly respected opinion makers of the BFSI industry and have a few decades of work experience between them. The curriculum for the course is also designed by them, thus making the course industry specific. Students will be groomed using a blended teaching approach that focuses on developing a critical thinking ability, a proactive and an outgoing nature, all of which are extremely important for succeeding in the industry.

The course curriculum includes subjects like Business Communication, Economics, Statistics, Data Analytics, Accounting, Private Equity Investing, Investment Banking, Mergers & Acquisitions, Fundamental & Technical Analysis, Report reading & writing, Financial Markets, Debt Markets, Forex Markets, Commodity Markets, etc.

BSE Institute Ltd (BIL) is a 100% subsidiary of the Bombay Stock Exchange Ltd (BSE). BIL was founded to help students learn all about the Financial Services Sector and achieve excellence in a field of their choice. BIL offers a variety of courses related to the BFSI sector and the executive workshop on Algorithmic trading is just one of the many courses offerred by BIL that aims to help students gain from the illustrious legacy of BSE.

BSE Institute LTD (BIL) is a 100% subsidiary of Bombay Stock Exchange (BSE) and has over a decade’s experience in providing educational courses and training to students and working professionals in the field of Insurance, Banking and Finance. BIL offers multiple short term and long term courses for beginning your career or moving up the corporate ladder. BIL has won multiple educational awards nationally and globally for the high quality of education and training provided by it. BIL courses are recognized by universities across the World in Australia, New Zealand, UK, Germany and Canada.

All students who successfully complete the course shall be given placement assistance. Students will be awarded a degree by the University of Mumbai. Students can learn more about the course by clicking here.