A LinkedIn post I thought would be worth sharing here too.
An honest open letter to placement cells and campuses:
We get thousands of CVs to join us. 85% of them come for one role: equity research / investing.
I am pretty all 85% of these will get these roles. Or that they are even suited for them.
And the 15 other things we do as an asset manager? No one cares.
But campuses have glamorised a handful of roles in finance: equity research, investment banking, PE while quietly treating many others as second-tier careers.
I promise you this thinking is now outdated.
Some of the largest opportunities in finance over the next decade will come from spaces that are:
• less crowded
• evolving rapidly
• and severely talent starved
Here is a sample...
Risk: regulation, governance needs and complexity are exploding. Demand for good talent far exceeds supply.
Investment Products: modern investment products are as much about design, positioning and communication as actual investment management.
Derivatives Trading: a massive new SIF and hedge fund ecosystem is emerging, with very few trained professionals.
Private debt & infrastructure Investing: India’s capital needs are enormous, but specialist talent is limited.
By the way, we never get a resume for sales, perhaps the most misunderstood career in finance campuses. Sales builds resilience, networks, business acumen and leadership. It's not a surprise many CEOs are formal sales leaders. And in reality, everyone in leadership does sales at some point.
I have seen talented people in all of these areas rise very quickly at young ages, build meaningful careers, be genuinely happy, and make a lot of money. And I have also seen people remain stuck because they refused to look beyond the glamour shortlist campuses celebrate.
Career choice should answer 3 questions:
1. What will the world need more of?
2. Where is competitive intensity lower?
3. What am I good at?
Think about your career the way founders think about startups:
Don’t only chase crowded markets. Find growing ones with unmet demand.
A strange conundrum exists in India.
Every campus says there are not enough jobs.
Every company says there is not enough talent.
Both cannot be true at the same time.
The real gap is not only opportunity.
It is signalling, guidance and fitment.
Too many students are chasing the same visible careers while some of the fastest-growing areas in Indian finance are starved of talent. And I am sure what is true of finance is true of most industries at large.
The people who build extraordinary careers over the next decade may not be the ones who followed the crowd into the most glamorous roles. They may be the ones who saw opportunities others did not.
And finally, let's shun the notion that there is something called the best “Day 0” job.
There is no universal Day 0 job.
Day 0 differs for everyone.
And 0 shouldn't even matter that much. Afterall, a career is not a 6-month placement outcome.
It is a 40-year compounding journey.
@Royal_Orchid
Your services at regenta dwarika is very poor.. the front desk manager was not trained well to understand customer concern.. he deliberately chose not to allot is 2nd room inspite of us requesting to him many times...
@JioCare@reliancejio
In this age of hyper competitive Market where time is the key... It has been almost 20 days since I have booked a jio air fiber ..booking number LR00000MIYPS...
No customer care response... Your sales guys are pathetic saying it you have booked online..
@centralbank_in
Dear central bank, worst services from you.. online payment made got failed but still amount is not credited back even after 23 days.. account number 3303082843.. complain number is c/15042024/370363
A known face for the FAAR Platform. Mr Nimesh Chandan @Nimesh_Chandan CIO #BajajAMC has taken the stage.
A unique style of presentation and unique style of explaining critical investment lessons through simple stories.
This time too he did not disappoint.
On stage is Mr. Anthony Heredia @anthonyhere1972 ,MD& CEO @MahindraMMF
Sharing his thoughts on transformation fr INDIA to BHARAT. How it changes India and the Impact on MFDs community.
What are the opportunities for MFDs in New BHARAT.A useful tip in the end in the Suggestion Box
FAAR के सदस्यो को कल शाम एक मृदु भाषी, एक सरल हृदय वाले व्यक्ति से #13thFAARConclave के मंच से रूबरू होने का अवसर मिला। Yes we are talking about Anuj Singhal @_anujsinghal , Managing Editor at CNBC Awaaz.
A well-known face for FAAR, a well-wisher of FAAR, Mr Aashish Somaiyaa @AashishPS, CEO, @WhiteOakCap
स���धी बात, नो बकवास। Message is just Keep it Simple. Don't give Gyan to Generation Z. Just stay put. India will do great.
After Lunch,our first batsman on the pitch (stage) is @avasthiniranjan ,Product Marketing @EdelweissMF . With his rousing खंबा धणी made everyone alert.Started his presentation fr the history of 1727 & सोने की चिड़िया से आज तक का सफर. Transform from INDIA to BHARAT.
Abhishek Tiwari @AbhiT2582 ED & CBO @PGIM_IndiaMF is on stage to share his views on the Past, Present & Future of the Indian economy.
Transforming INDIA to BHARAT.
His topic is "Outlook, Proposition, Process & Retirement".
@AMajitmenon
Mr Makhdoom Ansari @Makhdoom_HA , National Head - Sales @MiraeAsset_IN is on stage.
Sharing his views on Transforming INDIA to BHARAT. Time to believe in India and MFDs own ability is the mantra.
Some useful tips for MFDs to grow business.
#13thFAARConclave@mohanty_swarup
What a grand finale we had of #13thFAARConclave !!
FAAR members couldn't have asked for more. After two days of action packed sessions on "Transforming INDIA to BHARAT", the members had the privilege to hear a great entrepreneur, motivator & orator @velumania Sir.