Monday, February 22, 2010

Finance for IITians

Question to answer: Why do lots of IITians move towards finance?

1) Money: Finance companies pay way more than other companies. The average pay of a finance company is 1.5-2 times that of an average CS tech firm and 2-2.5 times an average non-CS tech firm. This probably is the single most important reason. More importantly the prospects of hefy bonuses which can surpass any salary in any industry. People flock to finance because of the riches/lores of traders/i-bankers who have earned a software engineer's lifetime salary in a few years.

2) No interest in Tech: Since most of us have the feeling that "acads to nahin hi hoga" or I am not born for tech, we have anyways narrowed down our choices to a few out of which most are financial services firms.

3) Analytical skills required: This is perhaps the only field where they require analytical skills but do not pay much importance to your CPI. Proving that you are smart is more important than getting a hi-fi CPI. :) The skills required are basic mathematics which all the engineers are good at. Students might find problems with partial differential equations and eigen values but not with basic statistics and probability.

4) Glamor attached: We have seen our MI CGs and Techfest managers and GSs going to financial services. Those were people whom we looked up to. We feel safe if we are walking on paths of those "studs". Investment Bankers hog a lot of limelight in the corporate world, rubbing shoulders with CEOs and giving media briefings. The pin striped suits, and luxury hotels and business class travel build an aura around the investment banker.


Disclaimer: The views expressed here are personal and are not intended to hurt the feelings of any community. They do not refer to any legal entity, living or dead. I should not be held accountable for any brain drain from engineering to finance and vice-versa or any losses(sanity, monetary) incurred after reading this article.

What certifications can we get in finance field during our stay at IIT?

Now this is a tricky question. To find an answer, I contacted Pristine Careers (www.pristinecareers.com) - A finance training institute founded by Pawan, Paramdeep and Atul, alumni of IIT Bombay, Delhi and Kharagpur. They stressed the need for getting international certifications instead of domestic. The following certificates are internationally recognized and should give you an interview if not a job in finance.

CFA: http://www.cfainstitute.org/
FRM : http://www.garp.com/
PRM: http://www.prmia.com

Best of Luck!!

Thursday, February 18, 2010

Study Tips for JEE

I have been asked by many people about tips on JEE preparation. Thought writing this on the blog might help some aspirants. Best of Luck!! I gave this interview once and thought of making the transcript public on the blog.

1.What was you rank?
IIT JEE 2006 - All India Rank 3
AIEEE 2006 - All India Rank 2

2.Which books did you follow during your preparations?

Physics:
1) NCERT
2) Concepts in Physics by H.C Verma (Two volumes)
3) Problems in General Physics by I.E. Irodov
4) University Physics by Freedman and Young or Fundamentals of Physics by Halliday, Resnick and Walker
5) Aptitude Test Problems in Physics by S.S. Krotov

Chemistry:
1) NCERT
2) Numerical Chemistry by P. Bahadur or Numerical Chemistry by R.C. Mukherjee
3) Concise Inorganic Chemistry by J.D. Lee
4) Chemistry Principles & Applications by Sienko and Plane
5) Organic Chemistry by Solomons and Frhyle or Organic Chemistry by Morrison and Boyd

Mathematics:
1) NCERT
2) Higher Algebra by Hall and Knight
3) Problems in Mathematics by V Govorov, P.Dybov, N.Miroshin, S.Smirnova (Edited by A.I. Prilepko)
4) Trigonometry by S.L Loney
5) Coordinate Geometry by S.L. Loney
6) A Course in Mathematics for IIT-JEE by Tata Mc-Graw Hill

These books are more than sufficient. Of course, you have to read only those sections which are there in the syllabus.

Important:
A strict No No to the books by the following publishers: Dinesh, Pradeep, Krishna, Modern's, Arihant, Gupta and Gupta. These books are nothing more than waste of time. Never ever read these books. The material is crap.

3.Any advise to our readers? What tips you want to share with our readers ?
1) JEE is not the only time when you can prove yourself. So relax! Sleep well and eat well! Don't try anything special. Do whats most natural to you.
2) Don't waste time watching movies, going to parties and attending guests. Keeping yourself away from these pleasures for 2 yrs does more good than you would expect.
3) A strict No No to books by the following publishers: Dinesh, Pradeep, Krishna, Modern's, Arihant, Gupta and Gupta.

Thursday, February 11, 2010

Targets set at IIT

Targets Set at some point or the other at IIT :)

Target       
                        
Did or Not  
                       
Comments

CPI 9.00 No Whatever.. Ditch :P
EnglishNo :(
GuitarNo :(
JobYes :)
MathsYes :)
DramYes Did basic level. Ended it with an awesome PAF :)
WeightYes Went to a terrible state.. But getting back now. Lost more than 7 kgs now. :)
TTYes Can play at a very basic level and win against a beginner.
BlogYes +80 followers and +120 posts on puzzle blog
Euro TripYes :)
SwimmingNo :(
DebatingNo :(
NovelsNo :(
PublicationOngoing I need luck!! :) Sent BTP work
FinanceYes Did a basic level reading this sem :)
GoaYes 27th Feb 2010 :)
GFNo :(