This was a presentation I gave at the BRAC University-ProthomAlo Jobs Career Fair 2014 at Westin. As promised I am uploading the presentation here. For those who did not attend the seminar I am writing a mini summary.
The main players in the financial sector of Bangladesh in my opinion are Banks, NBFIs, Stock Brokers, Merchant Banks, Asset Management Companies, Insurance Companies and Credit Rating Companies. The functions of each are given below.
Banks and Non-Banking Financial Institutions: These mainly involve in collecting funds through deposits and sometimes other sources and lends them out to clients.
The Capital Market Players
Stock Brokers: Executes trades on behalf of clients.
Merchant Banks: Aka Investment Banks they primarily raise funds for companies that need funding. Also, in Bangladesh they manage discretionary and non-discretionary portfolios.
Asset Management: The name is self-explanatory as these companies are professional fund managers. In Bangladesh they mainly manage close-end mutual funds focusing on listed equities.
Insurance Companies: In basic terms Insurance companies sell guarantees that protects their customers and use a variety of techniques to distribute and reduce that risk (e.g. Reinsurance).
Credit Rating Agencies: Main task is to check the credit worthiness of their clients and rate them.
All of these companies will have client facing roles, analytical roles and some other support functions. I gave some examples in the slide. Usually, Banks and NBFI’s look for people with a broader knowledge base and use aptitude tests to screen clients. Others usually look for people who have more strength in finance. However, tests and interviews will clearly vary depending on the job role.
These slides are self-explanatory. I just want to add a few points for the emphasis.
a. The days of graduating and getting a job just like that are over. To really excel in our career we have to go the extra mile. There are no shortcuts.
b. Differentiating yourself is the key. The more you can differentiate (positively) with more skills, experiences and the right networking the better it is.
c. There is no substitute for hard work.