Exam And Interview Tips | EAIT

July 15, 2019

What Do You Need To Get A Job In Investment Banking?

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What Do You Need To Get A Job In Investment Banking?

Investment Banking is a specific domain in the Banking sector where an investment banker’s job is to make advisory-based transactions, etc. on behalf of the corporate, government, etc.

The position includes the task of creating capital for the government, corporate companies, and other entities as well as organizations.

Investment Bankers assist the process of capital funding with the help of investment in the corporation or the government authority, which is concerned with raising its capital.

For doing so, the banks provide underwriting, which in simpler terms means finding potential clients.

Further down the road, if the corporation is looking to share its stock with investors, then the investment banks also have to handle the IPO (initial public offering).


In this job, underwriting, mergers, and acquisitions are provided to the client, to create the capital for them.

Opportunity in Investment Banking after course
The Investment Banks that are involved in the process act as intermediaries between the investors, who have the money to invest, and the corporations, who are in search of some capital to scale up and grow their business.

An individual can be a business major, who’s interested in Investment banking and is looking forward to entering its vast industry. And for entering that industry, there are some skills which the individual should possess, in order to handle the work smoothly and with expertise.

The Important Skills

As it is not very difficult to guess, Investment Banking requires a lot of skills. Some of them are financial modelling and valuing.

And in Investment banking, as an employee, the individual has to spend a lot of time building all the financial models and also the valuation process on Microsoft Excel.

If you are wondering who the job is suitable for, then the answer to your question is that a business enthusiast or even an analyst may join the job. But it’s mandatory to have some knowledge about all these essential skills.

The particular skills required for Investment Banking are:

1)Financial Modelling: Dealing with all kinds of financial modelling activities is one of the essential requirements. And further in financial modelling, the job would be to build 3-statement models, Discounted Cash Flow (DCF) models and other financial models which are helpful to the corporations, etc.

2) Business Valuation: As the name suggests, business valuation deals with a wide range of analyzing models such as the company analysis, etc. There is a whole range of valuation methods which the individual should know so that he can work efficiently.

3) Presentations: The individual should also have the knowledge of making presentations and pitchbooks, so that he or she will be able to bring the potential clients and customers, with the investment plan.

4) Transaction Documents: For entering the Investment Banking industry, you should also have the knowledge of preparing documents such as the Confidential Information Memorandum (CIM), term sheets, etc. Making such kinds of documents is also an essential part, which cannot be overlooked.

5) Negotiation: As an essential part of Investment Banking, the individual who is passionate about Investment Banking, should also have the skill of negotiating. There are a lot of negotiations between the investors and corporations, and all of them are to be handled perfectly.

6) Relationship Management: This part is also of utmost importance and building relationships with buyers even at the hardest of times, and having an optimistic approach towards all of them comes in this category.

This is an essential part of this specific field of banking, which most people don’t understand. Dealing with all types of clients, and that too with high energy is certainly something, which the individual as a trainee can’t ignore.

Dealing with the clients who are looking for proper customer service also comes under relationship management. Therefore, interpersonal skills are also crucial in bringing new clients and business from the market.

7)Sales Development: It’s also essential that you are always aware of the new potential clients who are entering the market, and are looking for investment banks. Increasing your sales by signing a deal with them, and business development is also another essential skill.

As we discussed, the list turns out to be quite long. But this list of pre-requisite skills provides an overview of your journey in Investment Banking, and it also helps you in analyzing your potential. With all these skills, you can certainly join the industry of Investment Banking, and reach great heights.

If you are planning for a career in Investment Banking but are overwhelmed with the list above then don’t worry Investment banking courses will help any aspiring investment banker get equipped with all skills necessary for a career in this field. 

July 13, 2019

Know All About XAT including Eligibility and Selection Process

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Know All About XAT including Eligibility and Selection Process
Every year XLRI, Jamshedpur conducts XAT(Xavier Aptitude Test) to admit students in MBA and PGDM courses in XLRI and other renowned MBA Institutes in India which accept XAT scores.

This is a national level online examination, usually held across the country,on the first Sunday of January.

The duration of the examination is 3 hours. Here is a brief description of XAT Eligibility and Selection Process along with XAT Registration, XAT Admit card, and XAT Result.
 XAT-Eligibility-Selection-Process

Eligibility Criteria for XAT

An aspiring candidate who holds a Bachelor’s Degree in any discipline under a recognized university or board is eligible to take up XAT. However, the graduation course should be of at least three years’ duration.

Students who will appear in their Final Examination of Bachelor’s Degree are also eligible for the examination. But they have to produce their final mark sheets or pass out certificates at the time of admission.

There is no age limit for the aspiring candidates to be eligible for the examination.

XAT Registration

To sit for XAT, the candidates should register online. Usually, the XAT Registration starts in August and continues until November. Before filling up the form, they must go through the ‘Rules and Regulations’ thoroughly.

However, they have to apply separately for admission in XAT associated institutes other than XLRI. To fill up the registration form, they must have a valid E-mail id and mobile number. After, filling up their basic information in the prescribed slot, they will receive XAT ID.

Then a password will be generated to them through E-mail and SMS. The XAT ID and password will be needed for future communication.

They also need to upload their photograph along with signature to complete the registration procedure.The XAT Registration fees can be paid through Credit Card/ Debit Card or Online Banking. Theregistration fee is Rs 1700 and with the late fee, it is Rs 2000.

XAT Admit Card

The admit cards will be uploaded in the third week of December. The candidates can download their XAT Admit Cards then. To download the admit card the candidates must log in the official website of XAT examination using their XAT ID and Password.

The admit card is to be carried to the exam Center and produced whenever asked. Candidates will not be allowed to enter the examination hall without the XAT Admit Cards. It is mandatory for them to carry a valid ID proof (Voter Card/ Adhar Card/ Passport/ Driving Licence etc) along with the admit card.

They will get to know of their examination centre from the admit card. Further, they are advised to keep their admit cards in safe custody, as it will be needed at the time of interview and admission.

XAT Examination

In the current format, the online examination is held for three hours duration instead of three and a half hours.

There are four sections in the question paper. These sections are- Decision Making, Verbal and Logical Reasoning, Quantitive Ability and Data Interpretation, and General Knowledge.

However, the XLRI has introduced a change in the question pattern.

The Essay Writing section has been excluded from the question paper. In this examination, the students have to answer the multiple choice questions. Each question carries one mark. For every correct answer, they will be awarded one mark and for every wrong answer, 0.25 marks will be deducted.

Again, 0.5 marks will be deducted for questions unattended beyond 8. So students must be very careful while answering the questions.

XAT Mock Test

XLRI, the conducting body of XAT examination, arranges for a mock test before the original examination. The candidates are advised to appear in the mock test to get an idea about the examination and to judge their preparation.

XAT Answer Key

After, the examination, XLRI publishes the answer key online. The aspirants can verify their answers from this and calculate their score.

XAT Result

The result is usually published online in the third week of January. The candidates can check their XAT Result by logging in the website using their id and password. They are advised to download the scorecard then. The XAT Result shows the sectional and overall scores.

XAT cut off  

After, the result XLRI publishes the XAT Cut off. If a candidate scores the minimum cut off marks, he /she will be asked to appear for Writing Test, Group Discussion and Personal Interview.

XAT Selection Process

The selection procedure includes XAT Cut off marks, Writing Test, Group Discussion and Personal Interview. The selection procedure generally starts in February.

The candidates’ academic records, work experience (if any), profile along with performance in the GD and PI decide his admission in a reputed B-School.

Check XAT Exam important dates such as registration, application, admit card, exam date, result date and counselling date at https://www.shiksha.com/mba/xat-exam-dates

Why is the SAT Exam important?

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Why is the SAT Exam important?
During your high school, you may have heard about the SAT exam many times.

You might have wondered what the big deal with this exam is? Why do I need to attempt the SAT Exam when it is not a part of my schooling?


So here are some of the good reasons why the SAT Exam is important.

The SAT is a standardized test that is used for taking admission into colleges in the United States.

Here are some points that explain what is SAT Exam and why it is important. SAT Exam scores are considered by many top colleges.

Here we will discuss the importance of the SAT Exam.

#1. Helping To Get An Admission To Colleges

Many colleges in the United States consider the SAT Exam score. Every year, colleges get a decent amount of applications. To cut down the applicants, many of colleges consider the SAT Exam.

Apart from this SAT is an option that is considered by the colleges or not, it totally depends on the colleges.

There is no rule that specifies that the SAT is important to take admission. Most of the schools or colleges demand the SAT score.

If you want to cut your competitors then you must take the SAT exam. Submitting your application with your SAT scores cuts down 55% of your competition. Good scores into the exam are also required.

#2. Global Standardization

If you want to study aboard then SAT Exam can also help you to get admissions in US Colleges. Many US colleges consider the SAT Exam to determine whether the student should be accepted into the organization/ institution or not.


#3. Qualify for Scholarship

College fees tend to be on the higher side for most colleges. So, a scholarship can always come handy. In order to get a scholarship in colleges, you need to give your best on the SAT Exam.

Some of the colleges/ schools give scholarship on qualifying the SAT Exam with best scores. There is some merit-based scholarship program that you can directly apply with your application form.

With giving the best on your SAT exam you can save some bucks from your pocket that you can use for your further studies

#4. SAT Helps in Getting Job

In case you want to upgrade yourself in your professional life, want a promotion, getting a senior level position is not that easy. Some employers want your old SAT scores.

This is not a surprising case. Many companies ask job seekers for their SAT scores. From entry level to senior level applicants, every employee requires to show their SAT scores.

You may think that this is not a standardized practice that you should have to pass. Yes, you're right but you don't get passed on your dream job or the perfect job just because an employer or company want SAT scores that you don't have.

SAT is a good option if you are not very good at Science or Math. Here’s why:

SAT Exam Does Not Cover All Math Concepts

SAT Exam does not have all the math concepts just like trigonometric functions, graphs, metrics, integration, determination and logarithms and so on.


If you are not perfect on these concepts then don't worry as SAT does not cover all these topics. You can easily score well on SAT Exams with basic math concepts.

If you're strong in basic Geometry, Algebra, and trigonometry then you can easily score well on SAT.

SAT Exam does not have Science Section

So far, we are focused on why you should take the SAT exam. One of the most preferable things is that it does not include the science section.

Especially for those students for whom science class is a nightmare. On the other side if you think to attempt ACT but you're weak on science than you should skip this thinking.

Because the ACT exam contains a science section which has 40 questions, that you can't take a risk of skipping this section.

Final Words

Now you are aware of all the things why you should have to attempt the SAT exam. Here we discuss all the good reason for this exam like this is a way to get into a college, qualifying for a scholarship, desired job and also many states require the SAT score that is must.

The best thing about the SAT exam is that it is a globally standardized test that helps you to study in aboard countries.

Now what's next, try SAT classes in Mumbai or other cities as joining coaching for SAT will help students to rank well on the SAT exam. 

July 10, 2019

3 Fresh Approaches on How to Reword Essay in UK 2019

12:05 PM 0
3 Fresh Approaches on How to Reword Essay in UK 2019
Expressing ourselves in writing can be challenging, especially if there’s a deadline to watch and a grade to consider. Different rules apply to academic writing compared to texts you send to a friend or at work.

You may have a word count to reach, and many sources to go through. So, when you may need to reword essay in UK, this may add to the pressure of producing a document that’s worth a good grade.
Example of Rewording

Why Would You Need to Reword Your Essay?

First, you need to understand what is rewording. It’s a writing technique where you change the original words used to convey the same meaning. In that, the sense of the text remains intact but not the wordings.

Reword essay may be necessary in cases where:

  • The idea of the text is incomprehensible

    Sometimes you may have several viable arguments that you would like to convey. However, for easier comprehension of the reader, you shouldn’t bundle up too much information in one go. Instead, it’s advisable to focus on the key points and expound on them.
  • Improper use of Style

    It applies to both linguistic and formatting styles. Before embarking on your essay, it’s essential to understand and abide by the given formatting guidelines. Moreover, filler content is discouraged in academic papers.
  • Control

    Therefore, you may need to get rid of unnecessary words, informal phrases, and more.
  • Plagiarism Exists

    We often base our ideas on those of others. The same applies to academic papers. Credible sources are the basis for one’s arguments. In turn, there’s the likelihood of unintentionally using the same words as the original text to convey meaning. However, doing so without using the proper referencing technique results in plagiarism.

Top 3 Rewording Techniques

Reword Essay

 

The primary goal of paraphrasing service UK is to help you identify different words to convey the same meaning as the original text.

Below are suitable ways to do this:

1.Use their synonyms

That means, replacing the existing words with different ones; but those that hold the same meaning. In doing this, ensure that you pick the word that best conveys the intended message. Remember, simplicity is critical.

Therefore, it’s best if you avoid words that would complicate the sentence or message.

2.Grammar Interchange

It’s almost similar to replacing words with their synonyms. However, in this technique, you employ grammar transformations to the original text. Say, changing the type of words (from a gerund to a noun).

Example: Locating- location. Also, you can change the voice of the sentence. From, active to passive voice and vice versa. This technique allows you to modify the words use without altering the meaning of the text.

3.Modify Sentence Composition

When you need to change wording insignificantly, editing the sentence structure could be useful. Here, you can break down lengthy sentences into shorter ones to ease the readability of the information.

If the sentences are too short; consider combining them into one. Also, when the sequence of the sentences isn’t essential; you don’t have to exchange them mutually. That is, you can replace adjacent sentences with homogeneous descriptions.

Final Note on Rewording

It’s a writing technique that allows you to use your own words to convey the same meaning as the original text. In doing so, you get to maintain the Style and tone of your content without losing its intended meaning.

As a technique, it requires practice to get better. Since the three listed above are the fastest way to get started at rewording, try implementing them when you need paraphrasing help.

July 6, 2019

The Ultimate Test of IAS EXAM 2019

12:11 PM 0
The Ultimate Test of IAS EXAM 2019
Civil Services exam is the benchmark that evaluates a candidate from every perspective. UPSC Preparation takes a lot of commitment and effort from the aspirants’ end.

The UPSC Personality test comes after qualifying the Prelims and Mains test. The IAS Exams 2019 personality test will be done to ensure a candidate’s capability to handle the administration effectively from all aspects.

If anyone wants to crack the UPSC interview or UPSC Personality test, smart work is equally important apart from the general study routine.


UPSC Interview

  • UPSC syllabus- Personality test-The IAS Exams 2019 preserves 275 marks for the Personality test. This test syllabus is not limited to any particular topic. The aim is to evaluate a candidate from various aspects of honesty, integrity, mental ability, logical thinking, integrity, judgment skills, and leadership qualities.
  • Documents for interview-The UPSC preparation will be successful once the candidate completes all the 3 rounds of the UPSC exam. The Personality test day is very crucial for aspirants as it’s the day that sets a mark on the calendar for years.

    There are certain documents to be carried while you head towards appearing for one of the important exams of your career.

    You can refer the checklist of documents to be carried along, to avoid the last minute hustle.

Documents checklist for IAS Exam 2019 Interview



General documents
Additional documents for SC/ST candidates Additional documents for PH category candidates Documents for Medical Examination
Original certificate of Matriculation or equivalent to verify the Name and Date of Birth Case/Tribe Certificate in original as well as photocopy Original and photocopy of Physical Disabilities Certificate, while PH-1 (LDCP) candidates should carry DWE certificate Recent, 8-10 Passport size photographs of the candidate
Original self-attested photocopy of the matriculation or equivalent certificate to verify the Name and Date of Birth Certificates in support of age relaxation Certificates in support of age relaxation Advised to carry prescriptions or medical certificates if any which would be helpful for eye check-up
Original degree certificate as proof of education qualification ( if original degree certificates have not been issued it is advised to carry provision certificates and/or mark-sheet) PG Degree or Higher Education certificates and mark-sheets (advised to carry both original and photocopy) PG Degree or Higher Education certificates and mark-sheets (advised to carry both original and photocopy)
Self-attested photocopy of Degree certificates in original Mark-sheets of Degree in Original (Not mandatory but advised to candidates to carry along with them) TA Form – two copies plus proof of journey (for outstation candidates) TA Form – two copies plus proof of journey (for outstation candidates)
Recent, 2 Passport Size photographs with one self-attested. Affidavit (in case of minor name discrepancies) Affidavit (in case of minor name discrepancies)
Print-out of the e-Summon Letter
Note:

A duly filled copy of the attestation form with a passport photo attached and signed by the candidate has to be submitted to the Department of Personal Training. You need to carry 6 copies of the same.

IAS Exam 2019 Interview questions

While doing the UPSC Preparation, it is very important to have alertness from every spare part of your brain. There is no fixed format of question pattern as the interviewer is free to ask and evaluate your logic, humour, technical, academic knowledge.
Aspirants need to showcase their different traits, etiquettes, wisdom, common sense and logic while addressing the panel’s question. This can help them fly out with colours of success.

Tips to Crack IAS Exam 2019 Interview

  1. Be high on updated information
  2. Improve Personality Skills
  3. Dress sharp
  4. Be mentally and logically alert
  5. Listen mindfully
  6. Exhibit High-end body Language
  7. Have a positive perspective
Aspirants should always keep in mind that the Panel would be consisting of people of remarkable stature from various fields.

It’s best to answer with honesty, sincerity and dignity. Being true to oneself will reflect the vibes in front of the panel that would definitely increase the chances of getting selected for the IAS EXAMS 2019 Interview.