Institute Of Finance & Management Studies

05/06/2016

Current Affairs 03-06-2016

23/11/2015

What we need to Remember while cracking an Interview.

1. Overcome the Fear of Rejection / Losing: Firstly lets understand why we fear the interview, answer is very simple..its not fear of interview but fear of rejection so it is very important to overcome the fear of rejection…How can we overcome the fear of rejection?

It is very easy to handle this fear, by simply changing your attitude and approach towards interview…Self confidence is very important in regard…I am going to share success mantra “Always appear in Interview with attitude as in you don’t need this job” YES, you read it right…Always appear in interview with this attitude…This approach will boost your Self Confidence. As per some psychological researches, if we need some thing in life then we chase it..When we chase, we fear loosing it even before getting it..1st focus should be to achieve that particular objective, once u achieve then only fear of losing comes into picture…So appear in interview with Full Confidence and with an Attitude that you don’t need this job…It will help you to overcome the fear of rejection or losing the job. No company will hire fearful person so overcome your fear if want the Job.

2. Understand Job Requirement: It is very important to understand what is job profile and whether u fit in this profile or not…Always ask for Job Description before appearing for interview…Identify your strengths & be clear on what kind of candidate organization is looking for..It will help you to decide your approach during course of interview.

3. What all you are bringing it to the table? Always think that if u need this particular job then at the same time, organization is also looking for good candidate…During interview always focus on what all skill sets you will bring to organization & how it will benefit the organization in long benefit…Job is also doing a business, in our daily life if we buy any product or hire any service..we always look how this product or service will benefit us similarly you are also doing business with organization and try to showcase how organization is going to benefit if they offer this job to u.

4. Probable Questions & Answers: Once you are clear on Job Requirement, make a list of probable questions and their answers i.e. what all an interviewer can ask you..If need arises take help of your friends who are in similar position or industry…Trust me if u do this exercise seriously, you will be able to find out atleast 80% of questions which can be asked during the interview.

5 Never Fudge or fabricate your CV: Its a biggest and most common mistake by most of candidates..My sincere advice never ever fudge your CV…Organizations are smart & they will find out very easily that you have fabricated your CV. It can create problem for u in future and can even spoil your career, so always be honest in your approach.

6. Never Argue with Interviewer: It is advisable not to enter into any kind of argument with Interviewer during interview..Lets accept that the person who is taking the interview has more experience, just listen & don’t argue to justify your point..I am not saying don’t put across your point but put it in a positive manner & don’t argue to justify that your are correct.

7. Be Honest & Flexible: Always be honest during interview..If u don’t know any answer just accept the same rather trying to give wrong answers…Besides knowledge, organizations give lot of importance to people who are honest in approach and also flexible in their approach…Never be rigid in your approach as business environment is changing very fast these days…Organizations always give importance to ppl with flexible approach rather rigid in nature.

8. Ask for feedback at the end of Interview: Before the interview closes, ask for feedback from interviewer irrespective how your interview went..It gives very positive impression about candidate…Organization feel that candidate has positive attitude & is willing to accept feedback.

9. Salary Negotiations: Never ever ask for unrealistic salary hikes as it gives impression that you are not serious about the job and just changing the job for money….Kindly do your homework before salary negotiation i.e. with your experience and for the particular job profile what is industry benchmark…For junior and middle management, normal salary hike is in the range of 25% to 40%…Also in some of critical job profiles like treasury in banking you might get very high salary hike.

10. Never ditch the organization after accepting the Job: Again very common mistake and some ppl have habit of keep trying in various organizations for better package after receiving job offer & if they get another job, they simply say NO before joining..Trust me it can spoil your career in long run and you will never be able to reach top management with this attitude…World is very small and in this networked age you can’t hide these kind of actions…In future you will again come across same people & then no one will hire, if they find that you indulged in these tactics..If u don’t wish to join then pls don’t accept offer letter but after accepting if u say NO then it is totally unethical and unprofessional.

I have tried to cover all critical points but if i missed any, you are most welcome to add by commenting below..Also you can share you views/opinions on this article through comment section.

Regards
Nishantreddy
Regional Head (Mumbai)

12/09/2014

English language did you knows ?

Did you knowthe most commonly used letter in the alphabet is E

Did you knowthe least used letter in the alphabet is Q

Did you knowdreamt is the only word that ends in mt

Did you knowthe first letters of the months July through to November spell JASON

Did you knowthere are only 4 words in the English language which end in 'dous' (they are: hazardous, horrendous, stupendous and tremendous)

Did you knowthe oldest word in the English language is 'town'

Did you know'Bookkeeper' and 'bookkeeping' are the only 2 words in the English language with three consecutive double letters

Did you knowthe word 'Strengths' is the longest word in the English language with just one vowel

Did you knowthe dot on top of the letter 'i' is called a tittle

Did you knowthe past tense for the English word 'dare' is 'durst'

Did you knowthe word 'testify' derived from a time when men were required to swear on their testicles

Did you knowThe first English dictionary was written in 1755

Did you knowthe word old English word 'juke' meaning dancing lends its name to the juke box

Did you know1 out of every 8 letters written is an e

Did you knowthe longest one syllable word in the English language is 'screeched'

Did you knowall pilots on international flights identify themselves in English regardless of their country of origin

Did you knowthe expression to 'knuckle down' originated from playing marbles (players used to put their knuckles to the ground for their best shots)

Did you knowthe word 'almost' is the longest in the English language with all the letters in alphabetical order

Did you knowthe most commonly used word in English conversation is 'I'

05/09/2014

मन्नाथः श्रीजगन्नाथः मद्गुरुः श्रीजगद्गुरुः ।
मदात्मा सर्वभूतात्मा तस्मै श्रीगुरवे नमः ॥

Salutation to the noble Guru, who is my Lord and the Lord of the Universe, my Teacher and the Teacher of the Universe, who is the Self in me and the Self in all beings.

Happy "GURU UTSAV" Teacher's Day

13/07/2014

Education | Cost of fees, tuitions skyrockets.

Even as the thirst for education has increased among Indians, the system has become more expensive and its quality has gone down.

Family spending on education increased by a jaw dropping 390% in urban areas in 2011-12 and 433% in rural areas compared to 1999-2000.

The biggest increase is in the fees charged by educational institutions — 628% in urban areas and an incredible 924% in rural areas. Costs of other related items of expenditure, like books and stationery, too have shot up in the past 12 years.

That there is a deep felt urge to get the children educated and thus build a better life than their elders is undoubtedly true. This is confirmed by the fact that the number of families reporting spending on education has increased from 68% to 76% in urban areas and from 54% to 66% in rural areas. But the families have to bear a heavy burden of this cost. In urban areas, a family of four would spend Rs 726 per month on an average while in rural areas a similar family would spend Rs 200 every month.

Apart from this direct spending, various other costs are also incurred by families including uniforms for school going children, transport to and from the school and other incidental costs.

The survey shed some light on what is called the 'shadow education system', that is, private tuition and coaching. In 2012, about 12% of families in rural areas were getting their kids' education boosted by these parallel establishments, up from seven percent in 2000.

In urban areas private coaching had spread to over 17% families from 15% in 2000. Costs of such private coaching have increased by nearly 300 percent in urban areas and 369% in rural areas.

Education spending is highly dependent on how much the family's income is. And it varies sharply between rural and urban areas.

The richest 5% families in urban areas spend over Rs 900 per person while the poorest spend just Rs 16 per person.

In rural areas, the richest 5% spend nearly Rs 300 per person on education while the poorest spend only eight rupees per person in a month.

03/07/2014

Hi, here are some interesting fact that will make you confident why world countries are focusing on us Indian Education, Indian Policies, Indian Economy.. so keenly.

The reason is below:

The student population of 315 million has a slightly bizarre component to it. Census data gives ages of these students and over 3.3 million of them are above 30 years of age. In fact over 12 lakh are above 60 years and 1.2 lakh are above 80 years.

This suggests either that there was something wrong in the way questions were posed or framed, or some people are talking about their dreams. But this grey area is small - just over one per cent of the total.

What is more troubling to resolve is the 'students' reported in the 0-4 age group. These number a jaw dropping 10.5 million.

Undoubtedly, parents have been pushing their young kids to join play schools in an attempt to give them a head start in later competition. But the scale at which this is reported is incredible. The total population of 0-4 years in India is 112 million.

That means about 10% of them are in pre-nursery 'schools' and probably creches.

Another interesting aspect of the students is that about 9.5 million are 'marginal workers'. That is, they are working on an irregular or part time basis, not more than six months in a year.

About 60% of these working students are male and the remaining female. This reflects the pressure families face in making ends meet, and the high costs of education.

India has the second largest population in the world and so most population related numbers are bound to be big, but even so recently released Census 2011 data throws up a startling statistic — the number of students is a gigantic 315 million.

This is not only the largest student body in the world, but Indian students would make for the fourth biggest country in the world, nearly touching the US with a population of 318 million. For comparison, China's student population is about 252 million as per Unesco statistics.

source: TOI

26/06/2014

Portal lists vacancies with various companies
Bollywood actor Salman Khan showed another aspect of his humane side by asking his friends and those who he has worked with to provide jobs and hire people who are looking for employment.
Within minutes of Khan tweeting about his initiative, the website beinghumanworkshop.com crashed as thousands of fans logged on assuming it was an opportunity to work with the star. Khan had to clarify that the jobs were not with him but with different
companies.
On Wednesday afternoon, Khan tweeted on social networking site Twitter ‘Next tweet read carefully n understand it, trying some thing different, if this works out then it cld b beneficial to sm of u. God bless.’ With fans and followers eager to know what it was, the moment he tweeted, ‘Appna Face book is not jst for time pass, use it to find work. http://beinghumanworkshop.com . Kaam ki cheez’, the website mentioned in the tweet crashed probably because fans logging on assumed it was Khan who was offering the job.
Khan was forced to clarify it was not he who was offering jobs but those who he worked with and friends who were helping him out. He mentioned that the initiative was taken after he received numerous job requests from fans and followers. ‘Lots of fans hv been saying that they don’t hv any job, so thought of this, superb if it works n u get jobs . Vil b v happy for u all’ tweeted Khan.
The webpage has posted jobs in various companies such as Venkys, PVR Cinema and Mandhana Industries. Some of the other companies that are also part of Khan’s initiative are Coca Cola and Suzuki. In all, the site was offering 14 jobs. Interestingly, the tweet was the top trending tweet on Wednesday evening too.

http://beinghumanworkshop.com/Index.aspx

17/06/2014

Big recruitment in Banks, LIC, and Staff Selection Commission in 2014: Upcoming Recruitment Tests till February 2015

Banks, staff selection commission, LIC and other important organizations have already released their recruitment notifications. Written exams are going to be conducted from this month to February 2015 for all these recruitments. Graduates, engineers and post graduates are going to appear for these written exams.

Vijayawada: SBI and associated banks are going to recruitment fifty thousand clerical posts this year. Seven thousand probationary officers posts are also going to be recruited. Recruitment tests are conducted for both these and syllabus for both the recruitment tests is the same. This is definitely an advantage to the candidates appearing for these tests. Because of bifurcation, there will be delay in releasing notifications for state government posts and the candidates must concentrate on these exams.

State Bank of India is going to conduct recruitment test in June for recruitment of 1837 PO posts. Notification is also released for recruitment of 5,092 clerical posts in SBI. SBI associate banks are also going to release recruitment notification for clerical and PO posts in this year.

IBPS is getting ready to conduct written tests for 23 national banks for recruitment of clerical and PO posts between September 2014 and December 2014. The details of these written tests can be obtained from the official website of IBPS. IBPS is also going to conduct written test from recruitment of clerk and PO posts in rural banks between December 2014 and January 2015.

Assistant Administration Officer written test is likely to be conducted by LIC in November this year. Assistant development officer written exam might be scheduled for January. Assistant Grade B officer written test may be held in August. Higher secondary level multitasking staff exams are scheduled for October and November.

Combined graduate level test of SSC 2013 is postponed and it will be held in the end of 2014. SSC is also filling nearly five thousand Group B posts and nearly twenty thousand Group C posts candidates who join Group B posts can reach the level of commissioner with promotions.

SBI PO. SBI Clerk, RBI Grade B Officer, IBPS RRB PO, Clerk, IBPS PO, IBS Clerk, LIC ADD,IBPS SO recruitment tests are going to be conducted between this month and February 2015. Those who are preparing for the bank tests must concentrate of Staff election exams also. Syllabus is same for most of these competitive tests. All these exam papers have common sections such as reasoning, Arithmetic, English and current affairs.

For Exam Preparation Contact: # Elevate Banking Academy
www.facebook.com/elevateedu | [email protected]
| www.elevateedu.com | +91 7738 141 445

10/06/2014

Making the right career choice with IFMS

Choosing the right career might be one of the most important decisions that one makes. Being satisfied with what you do on a daily basis is the key to success and happiness.

Fortunately for you, there is a process by which you can make the right career decisions.

Step 1- Know Yourself

There is no universal right career. What you have to find is what is the right career for YOU.
The first step in finding the right career for you is knowing yourself. While there are many ways to introspect and analyze yourself the most scientific way is to take a career assessment test.
The right career assessment test will measure your interests, aptitudes and personality traits and then integrates the results to provide you with the career best recommendations.

Step 2- Know your options

Once you have completed the test you will get a better understanding of what the right career choices are for you. The next step is to better understand these career options.
Learn the details about what it means to have a career in a particular field. What does a particular career option mean, what are the educational requirements, which colleges offer these courses, what are the job options once you get the degree?

How do you find out all this information?

Read articles on the Internet, browse through websites, ask industry experts and career counselors / career guide and gather as much information as you can.

Step 3- Make an Informed Decision

After step 1 and 2 are complete you are ready to make an informed decision. Take the information you gathered about yourself in step 1 and couple it with what you learned in step 2.
Introspect, speak to your family and friends and then make the right career choice and go on to have a successful career.

08/05/2014

30/04/2014

Hi all ..

With the admission season around the corner, the IFMS team like to shares its views on what the priority of students entering college should be – a course of their choice or a reputed college

Choosing a course of your choice or a reputed college not only depends on a student’s preference, but also on external factors such as their percentage, parental and peer pressure, campus interviews, etc. However, when making a decision, what matters the most is your passion. Students should give more weightage to course over college. One should chose a course of his choice over the college since we believe that a students from reputed colleges who compromise on the course of their choice fail to make a mark in this competitive world.

However, if a student is sure of the career he/she wishes to pursue, then choosing a course over the college would be wise. When the course is of your choice, the chance of an enhanced work performance is greater. Remember, you have to spend three years or more of your life in the course or college you choose, and this decision will make all the difference.

Hope this will help you in making right decision.

All the best.