Saturday, July 2, 2011

On Sachin Tendulkar


Something worth being proud of - Time Magazine's quote on Sachin:

" When Sachin Tendulkar travelled to Pakistan to face one of the finest bowling attacks ever assembled in cricket, Michael Schumacher was yet to race a F1 car, Lance Armstrong had never been to the Tour de France, Diego Maradona was still the captain of a world champion Argentina team, Pete Sampras had never won a Grand Slam.When Tendulkar embarked on a glorious career taming Imran and company, Roger Federer was a name unheard of; Lionel Messi was in his nappies, Usain Bolt was an unknown kid in the Jamaican backwaters. The Berlin Wall was still intact, USSR was one big, big country, Dr Manmohan Singh was yet to "open" the Nehruvian economy.It seems while Time was having his toll on every individual on the face of this planet, he excused one man. Time stands frozen in front of Sachin Tendulkar. We have had champions, we have had legends, but we have never had another Sachin Tendulkar and we never will." 




Wednesday, June 8, 2011

Chartered Financial Analysts

It is not a child's play to become a Chartered Financial Analyst or CFA. Only one in five people clear all the three levels of the CFA program as well as fulfill the professional experience requirements to become a CFA charter holder. However, successful candidates enjoy benefits of the strong global networking of CFAs which provides them with unrivalled opportunities in the investment industry.

The boom in Asian financial markets, led by China and India present some of the best opportunities for aspiring Financial Analysts while more mature markets such as Australia, Hong King and Singapore and investment banks, investment firms, insurance companies, mutual funds, pension funds, and general banks also offer leading roles to deserving candidates.

Eligibility for a CFA program

The CFA program is considered a benchmark for finance professionals in professional excellence, competency, analytical skills, and integrity. In June 2010, about 1,40,000 candidates from 160 countries enrolled for the program, out of which about 9% candidates were Indians. Anyone with a bachelor's degree in any discipline or appearing for the final year exams of their bachelor's degree can enroll for the CFA program.

Many of the candidates who apply for CFA program have full-time jobs as Research Analysts, Accountants, Auditors, Corporate Financial Analysts, Consultants, Portfolio Managers, Investment Banking Analysts, Relationship Managers, Financial Advisors, Risk Managers, Traders, Brokers, Strategists, and Private Bankers.

Where to study for the CFA programme?

The CFA Institute is a global association of investment professionals that works on a not-for-profit basis and awards the CFA charters to successful candidates. It also offers a range of educational programs and services through its member societies. Currently, it has 122 CFA Programme Partners worldwide, with 29 in the Asia Pacific Region.

Currently, CFA does not have an official partner to offer programs in India. ICFAI does offer CFA programs but its programs are not affiliated with the CFA Institute and are not the same as the globally recognized CFA charter offered by the CFA Institute. The CFA exams were conducted in India for the first time in India on 4th and 5th December, 2010 in Bangalore, Mumbai, and New Delhi, with the permission of the Delhi High Court.

The CFA program is basically a self-study graduate-level program and is not approved by AICTE (All India Council for Technical Education) and any investment professional who meets all the requirements of the exams are eligible to receive a CFA charter. The CFA organizes the CFA Institute Global Investment Research Challenge every year and in 2010, as many as 28 Indian universities participated in it, including IIMs, JBIMS, SP Jain, and ISB.

The CFA has also signed a Memorandum of Understanding (MoU) with the Securities and Exchange Board of India (SEBI) last year to jointly organize financial and investment training programmes in India through its National Institute of Securities Markets. Soon, CFA will be offering education programs to prepare candidates for a wide range of investment specialties that are hot in demand across the world.

Where Can a Chartered Financial Analyst Apply for a Job?

With liberalization and globalization in the financial services sector - money markets, merchant banks, international banks, lease finance institutions, portfolio management services, mergers and acquisitions, factoring services and other related services - the need of skilled finance professionals with a global perspectives is constantly on rise. Chartered financial analysts (CFA) have managerial skills with specialization in the following core areas:
  • Corporate Finance and Control: Corporate finance is about optimum mobilization and utilization of financial resources in short-term and long-term in domestic and overseas markets and includes treasury management.
  • Information Technology: Finance professionals with IT skills are much in demand and CFA professionals trained in high-end ERP packages like SAP, Oracle applications, or Baan draw high salaries.
  • International Finance and Risk Management: Rupee can now be converted on current account and the future of convertibility on the capital account looks bright too. Besides, growth in exports and imports require personnel who understand the nuances of international finance, risk management, and international capital markets.
  • Investment Banking and Financial Services: The growing field of investment banking needs personnel who can offer advisory services to corporate clients, financial consultancy services, help with mergers and acquisitions, and formulate nursing and rehabilitation programmes for sick units. Asset-based financial services want CFAs for leasing and hire purchase. Allied services such as stock brokering, marketing of public issues, National Stock Exchange (NSE) dealership, share registry, venture capital assistance, and loan syndication also require financial experts.
  • Investment Management: CFAs cab work well as portfolio managers whose job involves the balancing of risks and rewards for the mutual fund investors by successful portfolio management.
Thus, the scope for a certified CFA professional is virtually limitless. The Reserve Bank of India, the Industrial Finance Corporation of India (IFCI), the International Development Bank of India (IDBI), and the Indian Railways recognize the CFA programme and employ trained CFAs. A trained CFA can also become an independent business consultant or join an existing consultancy or Chartered Accountancy firm. The excellent career growth of successful CFA candidates in the path is quite encouraging too and provides an edge to the recent pass-outs in terms of global networking and recognition.

Career Path and Salary of a Chartered Financial Analyst

Freshers with American CFA earn around Rs 6 to 9 lakh per annum while those with work experience may get a package up to 25 lakhs per annum. The final step on the career ladder of a Chartered Financial Analyst is usually the CFO (Chief Financial Officer) designation.

Source: Shiksha Team


Saturday, April 9, 2011

Lessons from 'Men in Blue' - A Rise of Team India

Well here is my bit of learning’s from Champion Team India. It’s a Rise from a dream to a reality.

We are in the modern age of entertainment where sports itself is an industry and has a bigger story to tell not only to sportsmen but also to the likes of vivid mango people, a politicians, a businessman, corporate, students, etc. After all, star like Sachin Tendulkar, Michael Jordon much more than an average, mid sized company and now adding to the list MS Dhoni. Star like Sachin, Dhoni are itself industries in their own right.

These sports goliaths operate in a ruthless environment where success and failure are defined with the end of day results. You can either win or lose, no amount of creative campaign, notorious politics, bold Bollywood can conceal the truth of that terrible moments – the final whistle. And here are the notes of learning throughout of the ‘Men in Blue’ journey called as Cup that Counts…….

Lesson 1:  Have a Dream, Vision, Bigger picture in place

Indian team had a vision, mission or dream to win a world cup not for themselves but for Sachin, for country, for team. And team started preparing towards that more than year back. And if you look at the recent records of India before world cup, they have been gradually raising the bar of performance.

No doubt, Indian team did face some setbacks during the journey, they lost to SA, they became complacent and managed a tie with England, they had no easy game but when time demands they fought back really well to pull it back. And in the process they themselves got believed that they can turn around from any situation, they are battle hardened and team had a bigger vision, they could let these things to and regroup to accomplish bigger task. And peak when it is required.

Lesson 2: Leadership

Any truly successful team, organization or country requires strong and committed leadership. And team can have only one leader. Team India lead by MS Dhoni and he leads by example. He always gives the team a 100% of his effort and his energy. He never loses his temper. He is a great strategist. He has got fantastic ideas on the field. And he canvasses opinions and then he makes his own assessments.

Couple of decisions he took during knock out stage of the world cup were a great example of how convince he was on his thoughts. Even many cricket pundits have been surprised by the moves but he didn’t alter his plan and that’s what inspire team to justify and take responsibility to deliver the things on behalf of leader.

Whenever team faulted on occasion, Dhoni accepted responsibility for the team performance. Dhoni’s confidence and self-belief remained rock solid. He took the criticism in a positive stride and worked hard with his team to meet the challenge and win the world cup.

Lesson 3: Winning is about teamwork

The important thing to build a team is, to build relationships, to build trust. And probably the most significant thing that happened to team India has been the relationship that they have built. And it takes time. Through these relationship they have built trust within the team and once you have trust what happen is people take responsibility. People will believe in each other and support them. Its to provide a structure to people. It’s to tell people that they are moving towards something other than their individual glory.

Dhoni will be seldom heard saying, “I,” he is a big advocate of a joint effort and always mentions it to be a team effort rather than his alone. He often uses, “us,” and he is very blunt and honest. He will praise the players where they deserve it and also point out mistakes. He always exudes the oneness in the team.

Lesson 4: Focus on Core Strength

'Jack of all trades and master of none' - this maxim is very true as far as management is concerned. Focus on core strength is necessary for the immediate health of the brand as a whole.

Although India constantly strived to improve the bowling and fielding quality of team India but it did not lose its focus on the core strength, i.e., batting. A successful run chase in knock out matches is an example of this.

Lesson 5: Flexibility

Ability to adapt and respond to the changing environment and to constructively create opportunities for change through active participation is a must for any business. Indian team realized this fact and adapted it to the changing environment. Be it playing in foreign land or acclimatizing to new improved version of cricket. Men in blue have been successful everywhere. They beat Australia, Pakistan and Sri Lanka all three different teams with different strengths.

Lesson 6: Strategy Formation

The formulation of a sound strategy facilitates a number of actions and desired results that would be difficult otherwise. A strategic plan, when communicated to all members of an organization, provides employees with a clear vision of what the purposes and objectives of the firm are.

That is what Indian team precisely did. As batting has always been the core strength of Indian cricket team, the new strategy of team was to improve bowling and fielding department on occasion. Result of which is reflected in the performance of Indian team. It was surprised fielding efforts against Australia did the trick for India and surprised bowling efforts did the trick against Pakistan.

Lesson 7: Award Responsibility to the Players

One last thing which Indian team implemented is that players are awarded with responsibility. They are encouraged to think for team and themselves both and take charge of their own destiny. A rise of Yuvraj Singh, Confidence of Raina, Belief of Zaheer are only because of sense of responsibility they felt for every game. The greatest learning from Team India I can think of is that how to get best out of the people.

It might appear that since India won world cup all of a sudden all looks very positive. But again, this is what corporate life is all about, keep wining….

Accepting No Limit              Alternative Thinking            Driving Positive Changes               

Continue…..





Thursday, March 17, 2011

Harsha Bhogle's note after Ind-SA match


Remember when you failed an examination. How many people recall that, your class, friends, relatives? You failed to make it to the IITs or IIMs. Who remembers. How many times have you had the feeling of being the best in your class, school , university, state….., you failed to get a visa stamped this quarter…, you missed a promotion this year…, how did it feel when you dad told you in your early twenties that you are good for nothing…..and now your boss tell you the same....

You keep introspecting and go into a shell when people most of whom don’t matter a dime in your life criticize you, back bite you, make fun of you. You are left sad and shattered and you cry when your own kin scoffs at you. You say I am feeling low today. It takes a lot from us to come out of these everyday situations and move on. A lot??? really?

Now here’s a man standing on the third man boundary in the last over of a world cup match. The bowler just has to bowl sensibly to win this game. What the man at the boundary sees is 4 rank bad bowls bowled without any sense of focus, planning or regret. India loses, yet again in those circumstances when he has done just about everything right.

He does not cry. Does not show any emotion. Just keeps his head down and leaves the field. He has seen these failures for 22 years now. And not just his class, relatives, friends but the whole world has seen these failures. We are too immature to even imagine what goes on in that mind and heart of his. That’s why I would never want to be Sachin.

True, he has single handedly lifted to moods of this entire nation umpteen number of times. He has been an inspiration to rise above our mediocrity. Nobody who has ever lifted the willow even comes close to this man’s genius. His dedication and metal strength is unparallel. This is specially for those people who would have made fun of him again last night when India lost. They are people who are mediocre in their own lives. Who just scoff at others to create cheap fun. Who have lived in a small hole throughout their lives and thought they have seen the oceans.

Think about the man himself. He is 37 years of age. He has been playing almost non stop for 22 years. The way he was running and diving around the field last night would have put 22 year olds to shame. The way he played the best opening quickies in the world was breathtaking. He just keeps getting better which is by the way humanly impossible. Its not for nothing that people call him GOD.

But still I don’t want to be in those shoes. We struggle in keeping our monotonous lives straight, lives which affect a limited number of people. Imagine what would be the magnitude of the inner struggle for him, pain both mental and physical, tears that have frozen with time, knees and ankles and every other joint in the body that is either bandaged or needs to be attended to every night, eyes that don’t sleep before a big game, bats that have scored 99 international tons and still see expectations from a billion people.

And he just converts those expectations into reality. We watch in awe, feel privileged.Well I think its time that his team realizes that enough is enough. They have an obligation, not towards their country alone but towards sachin. They need to win this one for him. Stay assured that he himself will still deliver and leave no stone unturned to make sure India wins this cup.

This is not just a game, and he is not just a sportsman. Its much more than this. Words fail here.....



Saturday, January 1, 2011

Love kya hai ??

Labo per laa de jo muskurahat
sahi mayeno me wo Love hai

Halki si kare jo shararat
sahi mayeno me wo Love hai

Hasi hasi me jo gam bhula de
sahi mayeno me wo Love hai

Bina kuch kahe sab kuch kahe
sahi mayeno me wo Love hai

Jo teri meri samajh me aaye
Sahi mayeno me bas wahi Love hai..

Only For you - SHANK