NEXT MOVE :-


After Hexagon interview I was not even having the time to lament for the loss. As already told I really felt bad on not getting selected, but was a bit content as it was only my first attempt and then to all wasn't lost.


Firstly I lost the opportunity only to a experienced guy. Secondaly I received really important feedback from the HR. She told me my weaknesses and my strength upfront.


Now the new company was announced in our college for recruitment- PROBE EQUITY. I was pretty happy again as the criteria which they mentioned were making me a very strong candidate. Days passed; then weeks; company didn't turned up for interviews. We all felt let down. Then finally after a gap of a month & a half news came that they had shortlisted 6 candidates(my was there again). 


Our first round was telephonic round after which only 4 were selected for the next round. Their is still twist in the tail. Out of all 4 selected only I got the call for next round and my interview was taken for around 15min. or so.


Again a wait for a couple of days and then I went to the placement committee to get any information for the result. Now comes one more name in my near missed opportunities; Company freezed the recruitment process for some time[another way to say no one is selected :(...].

Move on again......

JOB HUNT-:

This section won't include any job opportunity but will showcase my close chances of getting one!!!

First Opportunity-

My first opportunity came quiet early than expected. I was really very excited. Almost 10 students of our batch applied for the post, but the company, Hexagon Capital Advisory Ltd. shortlisted only 4 of us who didn't had any experience.

We went in all neatly dressed up. It started with a small aptitude round on the basis of which 2 were eliminited.

It happened all in just 15 minutes. We all felt shocked, but we realised that any case it has to be done as there was only one vacancy. Than we went through HR round and cleared it successfully and were told by the HR that we will be called again for technical round.

After a couple of days we were again called for the interview by the research head. This time we were a bit more afraid as it was the technical round. Our fear came to fore when the Research Head came  and called us individually for the interview.

I was the first. Interview lasted for around 20 min, but I felt like being inside for almost an hour. For the candidate next  to me it lasted on 6 min. I thought that probably he was satified with her and thought that I had missed an opportunity. 

We all came back after being told that results will come only after a couple of days. We were all worried again. By 8 in the night I received calls from my friends who were interviewed along with me that they have got the reject mail from the company. I felt sad about it but at the same time that meant, I am the only person in contention for the job.

All my friends were quiet sure of it and even i was. But for the next three days co. did't communicated anything and I thought there is something wrong. Again I was right, they had started open interviews.

I knew that now it will be tough for me to defend my position and same happened. I lost my first golden opportunity to a guy who was having a year experience in the same field.

It was tough to accept the loss as it was my first experience, but only consolidation was  I went to the final round and lost to a deserving candidate.

And I moved on....

BUYBACK & DELISTING


Share repurchase or share buyback refers to the process of company buying back its own share from its shareholders.
If a company is sufficiently matured and quite stable there may not be a scope for redeploying the internal accruals back in business as the ROE may be less than the opportunity cost. Such business may either pay high dividends or resort to buyback. It could also be because of the following:-

- Correction of over-capitalisation.
- Shoring up management stakes.
- Exit mechanism.
Companies Act was amended in 1998 to provide for the share buyback, prior to which only exit optio was to sell shares in open markets.
CASE-
Bajaj Auto ltd. is a unique case in buyback history. It was done with a motive to reduce cross holding in the co. Bajaj Tempo which had 9% shares valued at that time around Rs. 400 crores. In return Bajaj auto would transfer its 23% stake in Bajaj Tempo. 
Problem was in terms of valuing this buyback as Bajaj Tempo holding in Bajaj Auto was close to 7 times to that of Bajaj Auto in Bajaj tempo.


DELISTING:-
It is a process by which co. whose shares are listed on any stock exchange is taken private once again by terminating listing agrement with the stock exchange. AKA "going private".
It is of two types:
a) Voluntary delisting- In this type company by its own will goes for delisting. 
b) Compulsory delisting- In this type a co. is compelled to opt for delisting because of violating terms of agreement with the stock exchange.
In India it is done as per the SEBI Guidelines 2003.
CASE:
Digital Global Soft India(Digital India) was delisted using reverse book building method. Digital India which started in 1998 as a JV between DEC U.S.A. & Hinditron later became subsidiary of Compaq. After H.P. acquired Compaq, Digital India became subsidiary of HP, which announced voluntary delisting so that Digital India could become 100% subsidiary of HP.

Offer was made at Rs. 750 per share which was 50% premium on past 26 weeks average. But most offers wre received for Rs. 850. The final dea size worked out to be Rs. 1418 crore as opposed to 1000 crore makin it the largest exit offer till then in India.

My Time is now!!!!

A student is the most impatient human on this planet. He always explore for the opportunities to launch his career. But in this hurry he falls into various traps. Its not because his thinking is bad but because, he is thinking a lot more than necessary.
The way to go....


The way to go is to keep it as simple as possible. Though it seems that these things are easy to say but hard to follow, Because once a person gets determined he faces hell lot of troubles which are meant to again distract him from his target.
DETERMINATION is the KEY

This is the right time to show your determination and stick to your decision. You are bound to get more troubles but you have to always move and than even if you fail any time the time itself will take care of you.


YOUR TIME IS NOW TO BUILD YOUR CAREER SO AS TO TAKE CARE OF THE ONES YOU LOVE & LIVE!!!!!!!!!!!

CA/CFAs Vs. MBA Finance

The tryst between the CA/CFAs and the MBA Finance seems to be getting worse, with CA/CFA having an edge over the MBA-F.  CA/CFA have in depth knowledge of the subject, as they are more exposed towards it. Whereas an MBA-F student has to diversify in different aspects of the business and hence in terms of knowledge of the finance(2-year course) they face tough competition from the CAs.                                                                     INDUSTRY EXPECTATIONS        
FINANCIAL SERVICES- 
1.Banking
2. Stock market
3. Commodities
4. Debt market
5. Insurance
6. Mutual funds.

CORE FINANCE

 1. Capital budgeting

 2.Capital structure

 3. Working capital managemet                                                                                                                                                                                                                             For the core finance job companies want CAs to take care of the proceedings. They don't generally prefer MBA-F in this area. MBA-F students are employable in area of financial services and for this as well they have to increase their financial base by way of value addition courses like NCFM modules by NSE. So in a way their career is hard but once they get into the corporate world then their 360 degree business knowledge takes them through..... So don't worry ....cheer up :)))))))

strategic finance management

The study of finance keeping in mind the strategic goals of the company for a long term. These days financial management is being reffered to as "strategic financial management" in order to give it a broader scope.
There are various tasks associated with it. They are as under :-

• Capital budgeting
• Risk management
• Financial analysis
• Working capital management
• Foreign exchange & risk management
• Derivatives
• Asset pricing
• Investment banking
• Mergers & Acquisitions

All the aforesaid areas are the seperate fields altogether. One has to develop his insights into various aspects such aspects before he considers himself as the expert in this area of financial excellence.

Finance which is generally considered to be an emotion less subject, but due to the emergence of "SFM" this notion about the finance is undergoing a drastic change.

Finance is slowly converting to phynance i.e. the study about the human. After the big scams like that of stock market by Harshad Mehta or the latest 2G spectrum scam by A Raja has made the impact of human activity very clear.

Next big thing in SFM is the reason behind the organistional structure- why the came up; what the logic behind the big or small size organisation. Various  problems are-:

• Agency problems
• Goal conflict
• Rent seeking behavior 
• Free ridership
• Bounded rationality.

In the next step SFM talks about the strategy formulation by the company keeping in mind the human behavior.

Mckinsey's 7S Framework

Every enterpreneur is keen to know how his/her organisation is positioned, but to get to the realty is not an easy nut to crack. He has to not only take into consideration his own capabilities and weaknesses but also that of the competitor's .
Mckinsey's 7S model is one such framework meant to understand the positioning of the organisation. Condition in which the organisation at the moment is the result of internal factors or external or the mixture of both.
It involves 7 independent factors, 3 hard and 4 soft, as shown.
'Hard' elements are easy to find and management can directly influence them.
'Soft' elements are kind of intangible and hence are hard to recognize and are influenced by the culture of the organisation.
Strategy:-Action plan to get and maintain the competitive advantage.
Structure:-Its the organisational authority and the chain of command, who reports to whom etc.
Systems:-How to do the work and patterns to be followed.
Shared values:-these are the core values of the company that is also reflected in the quality of the work of the employees.
Skills:-It talks about the actual competencies of the employees and their skills.
Staff:-The employees and their general capabilities.
Style:-The style of the leadership adopted.