Archive for December, 2014

12.4
14

Lessons Learned From The Stock Market

by como ·

THE STOCK MARKET volatility of the past few years has taught some valuable lessons about the stock market:

* THE MARKET TENDS TO REVERT TO THE MEAN. There is a tendency for the stock market, when it has an extended period of above- or below-average returns, to revert back to the average return. Thus, following an extended period
Of above-average returns in the 1990s, the stock market experienced a significant downturn, helping to bring the averages back in line.

* DONT CHASE PERFORMANCE. Investors often move out of sectors that are not performing well, investing that money in investments that are currently high performers. But the market is cyclical; and often, those high performers are poised to underperform, while the sectors just sold are ready to outperform. Rather than trying to guess which
Sector is going to outperform, make sure your portfolio is broadly diversified across a range of investment sectors.

*AVOID STRATEGIES DESIGNED TO GET RICH QUICK IN THE STOCK MARKET. The stock market is a place for investment, not speculation. When your expectations are too high, you have a tendency to chase after high-risk investments. Your goal should be to earn reasonable returns over the long term, investing in high-quality stocks.

*DONT AVOID SELLING A STOCK BECAUSE YOU HAVE A LOSS. When selling a stock with a loss, an investor has to admit that he/she made a mistake, which is psychologically difficult to do. When evaluating your stock investments, objectively review the prospects of each one, making decisions to hold or sell on that basis rather than on whether the stock has a gain or loss.

* MAKE SURE AN INVESTMENT WILL ADD DIVERSIFICATION BENEFITS TO YOUR PORTFOLIO. Diversification helps reduce the volatility in your portfolio, since various investments will respond differently to economic events and market factors. Yet, its common for investors to keep adding investments that are similar in nature. This does not add much in the way of diversification, while making the portfolio more difficult to monitor. Diversification does not assure a profit or protect against loss in declining financial markets.

* PERIODICALLY CHECK YOUR PORTFOLIOS PERFORMANCE. While everyone likes to think their portfolio is beating the market averages, many investors simply dont know for sure. So, thoroughly analyze your portfolios performance periodically.

* NO ONE KNOWS WHERE THE MARKET IS HEADED. No one has shown a consistent ability to predict where the market is headed in the future. Past performance is no guarantee of future results. So, dont pay attention to either gloomy or optimistic predictions. Instead, approach investing with a formal plan so you can make informed decisions with confidence.

12.4
14

How Has Been The Growth Of Chemical Industry In India

by como ·

The chemical industry in India is counted among those industries that began working immediately after the countrys independence in 1947. So, it is one of the oldest contributors towards the Indian economy. At present the average annual growth rate of the industry is 12.5 percent.

The Indian chemical industry is divided into a number of segments and each segment has significantly contributed towards the overall growth of the industry. A number of favorable factors have supported the industry well to show desired progress rate. You can learn about these factors and have an overview of the industry as well as exporters and
chemicals importer from the following discussion.

It was till 1991 that India was a closed economy. However, the adoption of liberal policy in 1991 benefited most of the industries, including the chemical industry in India. Since then, the industry has gained recognition in the global economy. Today, it ranks at the 12th position in the world in terms of the production size. Also, the industry contributes 13 percent towards the total export from India at present.

It has been estimated that in few years to come, the industry is going to attain the worth of 100 billion US dollars. To achieve this target, there is need for the improvement in the following areas:
* More number of entrepreneurs is required to steer the industry on the path of expected growth.

* Growth of the overseas sales network to help industrial chemical manufacturers in India to find international buyers.

* Increase in direct employment within the industry.

* Stress on chemical manufacturing knowledge and specialty.

* Improvement in the standards of health and safety.

* Increased use of information technology in the industry.

* And of course, the increase in specialty chemical plants.

The chemical industry in India is divided into various segments. Some of the main segments and their progress statistics are as below:

* Inorganic chemicals constitute one of the major segments of the countrys total chemical production. A growth rate of 9 percent is recorded for the segment that includes alkalis, fertilizers and detergents as main chemicals.

* Drugs and pharmaceuticals are among the most exported chemicals from India. This segment of the Indian chemical industry ranks at 4th position in the world. The growth rate of 8 to 9 percent is recorded by the segment.

* Agro-chemical products include pesticides and fertilizers as the main chemicals in this category. The 10 percent domestic market growth rate is recorded by this segment.

* Dyes and paints segment has a growth rate of about 12 percent. The segment also includes polymers and other related chemicals.

* Petrochemicals in the Indian chemical manufacturing industry have the fastest growth rate of 15 percent.

Considering the growth trends in different sections of the chemical industry in India, one can easily place the industry among major contributors towards the overall growth of the countrys economy. To improve the sales network for the Indian chemicals, the manufacturers and suppliers need to rely upon the online b2b networks. The b2b directories are the places where small and medium sized chemical manufacturing enterprises can gain more benefits.

12.4
14

Employment Advantage At Arribatel Philippine Call Center

by como ·

Recently, the Philippine employment rate was sharpened by the Philippine call center and BPO industries. Outsourcing call centers is currently the highest growing industry in the world that brings employment advantages. Philippine Call Center ArribaTel is becoming one of the leading job makers for Filipinos.

Philippine call center jobs in ArribaTel are mainly attractive for several reasons. From the high compensation packages to other benefits that come within the field of work, it is no doubt why many of the working class Filipinos would want to go into and succeed in the call center industry.

Anyone who is proficient in English or has enough English communication skills can be an ArribaTel call center agent. Just like any other call center, at ArribaTel Philippine call center, undergraduate applicants are welcome to apply as long as they are trainable for the work requirements.

A call center agent is the type of job that does not need a college diploma. If you have an acceptable personality, good personal skills, and if you are confident in making remote conversations through telephones, you are qualified to work in the outsourcing call centers industry.

At ArribaTel however, it is not surprising that the majority of call center agents are still graduates from the universities in Cagayan de Oro since these are the potentials with more English skills.

Being an ArribaTel Philippine Call Center agent can be very financially satisfying since you can get additional monetary rewards on top of the salary if can exceed sales quotas. It is indeed a well-paid job if you consider the financial benefits that you will get.

ArribaTel call center has training programs like English communication skills enrichment to personality enhancement to improve the skills of agents.

Philippine call center industry will continue to be an important source of income for many Filipino citizens going into the future.

Start now and see how a Philippine call center can give you a massive advantage in employment and higher business returns.

For those who has what it takes to be a Philippine call center agent and for those businesses that needs 24/7 calling and answering services in any part of the world, call (305) 508-5328 or
+6388 8562351 or visit http://www.arribatel.com/

12.4
14

The Why Investment Banking Interview Question – How to Give a 1010 Answer

by como ·

In a sea of overachievers who are equally talented, likeable and prepared, the “Why investment banking?” interview question can be the only differentiating question left for bankers to ask; making it both a popular & decisive question.

Whilst for college students who don’t look like aspiring bankers on paper (i.e. no fin/acc major, business degree or relevant work experience) it’s of epic importance. After all, you guys need to be able to explain why you want to do investment banking when your past decisions don’t suggest anything of the kind.

How do you give a 10/10 answer to the “Why investment banking?” interview question?

There’s a huge selection of points you could make, but keep it short and sharp. Generally a good answer will contain 3-5 solid reasons why you’re interested in IB.

Typical examples like world class education, skills development, type of work, the challenge, real responsibility in billion dollar transactions etc. are all acceptable.

But try not to trot out the same BS as everyone else.

Importantly, avoid reasons that are self-centered in a ‘bad’ way

Let me explain. As a banker interviewing you I’d be OK if you mentioned investment banking attracts you because of the learning opportunities, as this is a selfish reason that also, and ironically, benefits the bank – passionate 24 year olds put in 100-hour work weeks with ease after all.

But if I heard you wanted to do IB simply in order to ‘build your resume’ and/or to secure an exit opportunity I would – in my mind at least – throw you out the freaking door and then proceed to lay a BlackBerry beat down! Being made to feel like a halfway house for financial vagrants, a mere stepping-stone, is not my idea of good times you see. So even though everyone knows investment banking is attractive for the resume & exit oops don’t say it!

What can help you avoid a BlackBerry Beat Down? Well, you would get me extremely interested if you answered the “Why investment banking?” interview question by talking about how you have older friends in banking who have over the years shared with you what it’s really like to be a banker – both the good and the bad.

And then how that’s made you realize 3 specific things about banking which make it stand out above any other graduate job.

Not only will I believe you still love banking despite the war stories, but that you’ve actually given it some thought beyond “I need a salary of Blankfein proportions if I’m ever going to pay off these student debts”.

What I’m trying to say is that a great answer will list unique and specific reasons ‘why investment banking’ and it will connect them to the sources you learned them from whether they be friends, professors, books etc.

Want 6 specific reasons ‘Why investment banking’ that are sure to work? Try talking about how you love the…

Cornerstone role investment banks play in deals and/or the role they play more broadly within the world of business – IBs are to business what the White House is to the world…central hub HQ! And this is why bankers are called masters of the universe. So bring up this point, albeit laced in more formal language and without ever mentioning ‘masters of the universe’!!
Coalface exposure to industry and financial markets, which is unique to IB – there’s not a graduate job on the planet that puts you closer to the action than banking.
Results-driven deal-oriented approach – this point distinguishes banking from so many other professions like law, consulting etc, where players often get paid for simply ‘doing’, as opposed to ‘achieving’. And by specifically mentioning this point you will show bankers that you’ve got the right mentality and that you’re not an increment-fiend like lawyers. PS Once again be sure to phrase this in a more professional kinda way!
Type of people that work in banking – talk about this from both a learning and enjoyment point of view, and most importantly reference people you know in banking (particularly at that bank) to avoid looking like you’re simply shining shoes and kissing ass!
Nature of the work – analyzing, problem solving, real-world focused. If you are going to talk about this then make sure you bring up a handful of examples in passing; eg 10k analysis, spreading comps, deal structuring etc.
The specific industry/product group you are interviewing with – this is a must! By talking about why IB through the lens of that specific group, you’ll really narrow the reasons down to specific, tangible, relatable ones – and that means bankers are more likely to believe you and like you. eg If you say to Goldman Sachs TMT that you want to do investment banking because you find the business/investing side of the tech industry fascinating after working as an unpaid intern at a social media start up over summer, then you’ll hit the “Why investment banking?” question out of the park!

Whatever you choose, be sure you can talk intelligently about it if probed by the bankers.

Special note for those of you with non-banking experience

If you have work experience in accounting, consulting etc. then tell the bankers that whilst your time at KPMG or BCG or wherever you worked was a terrific experience, it didn’t offer…[reasons why you love IB].

This is a hidden opportunity to further explain your story, point out why you want to change into banking now and assure them again that IB is what you truly want above all else.

Any comparison you make should be delivered subtly though. Not because your interviewer might have worked at KPMG or BCG, but simply because it looks unprofessional to blatantly badmouth others. Negativity in any form doesn’t look good.

Special note for aspiring investment banking analysts

PS for those of you who get this question in an investment banking analyst interview (ie not a summer internship interview), you’ll need to push your story of why IB even harder to convince bankers to take you on. This is because bankers hate offering permanent spots to candidates who might quit the minute things get tough.

Passion is a banker’s best insurance policy against this – so make sure you show it guys!!

If you want to go one step further and really impress the bankers with your answer, then tell them how you became interested in IB years ago and point to the real life things you’ve since done that have confirmed your passion; studies elected, college clubs joined, people met, friends talked to, books read, jobs taken.

Showing a long and considered journey to get into investment banking is the idea here.

What’s the final secret to a magic answer here?

Recognize the downers of banking, not just the uppers. Bankers you see, want to hire students who aren’t being drawn to banking based simply on Hollywood-hype or CNBC-glamor. They want to know you are realistic about the job, prepared to do grunt work, and yet still super passionate.

After all, the Jimmy Cramer fan club and the Gekko Wannabe students will never be able to hack it when they find out what investment banking really involves – and this sort of drop out costs the banks a bomb.

So with all that in mind, during your answer briefly mention how your friends in banking have clued you in on the realities of the job too – the long hours, sacrifice and other downers which we’ll talk candidly about in the Inside Investment Banking System when it comes out this fall.

Of course, don’t end your question on a downer – meaning be sure to follow up any reality checking with your 3 main reasons why IB repeated in very very short form, kind of like “…but of course banking is an easy choice for me, because of…”.

Now that you’ve conquered the “Why investment banking?” interview question, check out our advice on other common investment banking interview questions and answers now.