The Reality Of Investment Banking - Harsh Parikh, Ex-Director-IB, DSP Merrill Lynch - Part 1

Konversations By InsideIIM

24 Jul 201918:59

Summary

TLDRThe video script appears to be a mix of motivational speech and advice for career growth, particularly in the fields of investment banking and finance. It emphasizes the importance of preparation, visibility, and respect in the industry. The speaker encourages viewers to subscribe to the channel for updates, likes, and to follow on Twitter for job opportunities and industry news. The script also touches on the challenges and rewards of working in investment banking, the value of networking, and the need for continuous learning and adaptation to succeed in the competitive financial sector.

Takeaways

📢 The speaker emphasizes the importance of subscribing to the channel and pressing the bell icon for election mission updates.
💼 There is a focus on investment banking as a career path, with the speaker discussing the high demand and visibility in the field.
🏫 The script mentions the value of education, particularly in the context of industrial investment banking, and the need for more preparation.
🎓 The speaker highlights the significance of joining committees and participating in extracurricular activities to enhance one's career prospects.
💡 There's an encouragement to follow on Twitter and engage with the content, suggesting a strategy for networking and staying updated.
🌟 The script discusses the concept of 'superfast' career growth in investment banking, indicating the potential for rapid professional development.
📈 The speaker talks about the process of getting into investment banking, including the importance of visibility, networking, and understanding the industry.
💼 The script touches on the idea of job satisfaction and the importance of work-life balance, suggesting that the first year in investment banking can be challenging but rewarding.
📚 There's a mention of the need for continuous learning and adaptation, as the speaker discusses the importance of being prepared for real-life scenarios and challenges.
🌐 The script also covers the global aspect of investment banking, mentioning the need to understand different markets and the impact of various factors on them.

Q & A

What is the primary call to action for viewers in the script?
-The primary call to action is for viewers to subscribe to the channel, press the bell icon, and like the video.
What is the significance of '3.0' mentioned in the script?
-The '3.0' likely refers to a version or a significant change in the content or format of the channel, but the script does not provide specific details about what '3.0' entails.
What is suggested for those interested in a career in investment banking?
-The script suggests that those interested in investment banking should subscribe to the channel for updates and insights, implying that the channel provides relevant content for this field.
What is the advice given for job seekers in the script?
-The advice for job seekers includes subscribing to the channel for updates, preparing well for interviews, and being aware of the job market trends.
What is the script's stance on the importance of visibility in the job market?
-The script emphasizes the importance of visibility in the job market, suggesting that being visible can lead to better job opportunities.
What does the script suggest about the job satisfaction in the first year of employment?
-The script implies that job satisfaction in the first year might not be very high, as it mentions not to expect too much in terms of salary and to focus on learning and gaining experience.
What is the script's mention of 'GPGS' and its relevance?
-The script mentions 'GPGS' which could be an acronym for a specific program or system, but without context, it's unclear what it stands for or its relevance to the discussion.
What is the script's advice for handling the first day at work?
-The script advises preparing well, dressing appropriately, and being on time for the first day at work to make a good impression.
What is the script's view on the importance of adaptability in the corporate world?
-The script views adaptability as crucial, mentioning that one should be ready to adapt to different situations and environments in the corporate world.
What does the script suggest about the role of relationships in professional growth?
-The script suggests that building relationships is important for professional growth, as it can lead to opportunities and support in one's career.

Outlines

00:00

📢 Engaging with the Channel and Investment Banking Insights

The paragraph emphasizes the importance of subscribing to the channel, pressing the bell icon, and staying updated with election mission updates. It mentions the need to subscribe on YouTube and type 'Typing in 2016' to find the video. The speaker discusses the preparation for a seminar on industrial investment banking and the desire to get into the field. They talk about the visibility terms and the importance of having a clear career path in investment banking. The paragraph also mentions the need to subscribe to a newspaper for job updates and discusses the number of jobs available in India, suggesting that everything is available on the Play Store. It ends with a mention of celebrity days and an excited consultant time for industry owners.

05:01

🏫 Campus Life and the Journey into the Professional World

This paragraph talks about the best time and how it's not just about academics but also about extracurricular activities. It discusses the life of chartered accountants and their experiences in Mumbai, including different college life schedules. The paragraph also touches on the challenges of finding a job for the first time and the questions that arise during job searches. It mentions the importance of cultural committees and industrial interaction for better placement opportunities. The paragraph also discusses the difficulties of being a school teacher and the need for clear communication and personality development. It ends with a discussion about the effects of character-building in life and the importance of addressing one's needs and going to sleep with a hot water bottle.

10:02

💼 Corporate Life and the Reality of Investment Banking

The paragraph delves into the reality of corporate life and investment banking, discussing the challenges and responsibilities that come with it. It talks about the importance of presentation and the impact of exposure in the field. The speaker shares their experiences of working in a corporate environment, including the struggles of managing a team and the pressures of meeting targets. The paragraph also discusses the importance of understanding the market side of investment banking and the need to be present in meetings. It ends with a discussion about the challenges of working in a corporate setting and the need to be adaptable and resilient.

15:04

🌐 Global Finance and the Importance of Continuous Learning

This paragraph focuses on the importance of continuous learning in the field of finance, particularly in investment banking and corporate finance. It discusses the need to stay updated with the latest job opportunities and the changes in the industry. The paragraph also talks about the importance of having a strong profile and the impact of profile changes on one's career. It ends with a discussion about the need to visit general hello and the importance of understanding the industry and being prepared for the challenges that come with it.

Mindmap

Keywords

💡Investment Banking

Investment banking refers to a division of a bank that serves as an intermediary in the raising of capital by underwriting or acting as the client's agent in the issuance of securities. In the video, the term is mentioned in the context of career opportunities and the fast-paced nature of the industry. It's highlighted as a field where individuals can rapidly advance their careers and gain significant visibility and respect.

💡Subscribe

In the context of the video, 'subscribe' is a call to action for viewers to follow the channel for regular updates. It's a common term used in video platforms like YouTube to engage audiences and build a community around the content. The script encourages viewers to subscribe to stay informed about election missions and updates.

💡Assembly

The term 'assembly' likely refers to a legislative assembly, which is a deliberative assembly with the responsibility of making laws for a political entity. In the script, it could be related to the discussion of political updates or the legislative process, suggesting that the video might cover topics related to governance or policy-making.

💡Industrial

In the script, 'industrial' could be referring to industries or industrial sectors, which are parts of an economy that are engaged in the production of goods. It might be used to discuss investment opportunities, economic growth, or the role of different sectors in the economy, particularly in relation to banking and finance.

💡Visibility

Visibility in the video script might refer to the prominence or recognition one gains in a particular field or industry. It's mentioned in the context of investment banking, suggesting that the video could be discussing how individuals can increase their professional visibility and reputation through successful careers in this sector.

💡Career

The term 'career' is central to the video's theme, as it seems to focus on professional development and career growth. The script mentions various aspects of building a successful career, especially in fields like investment banking, where rapid advancement and significant opportunities are possible.

💡Investment

Investment is a key concept in the video, likely referring to the act of putting money into financial assets, real estate, or other areas with the expectation of generating a return. It's integral to discussions about banking, finance, and economic growth, and the script may provide insights into investment strategies or opportunities.

💡Seminar

A 'seminar' is an instructional or informative meeting or class, often used for academic or professional training. In the video, it might be mentioned as a platform where industry experts share knowledge, or as a way for individuals to enhance their skills and understanding of complex topics like investment banking.

💡Like

In the context of the video, 'like' is used as a verb associated with social media engagement, encouraging viewers to express their approval of the content by clicking the 'like' button. It's a common way to increase the visibility of a video and to engage with the audience on platforms like YouTube.

💡Bell Icon

The 'bell icon' on platforms like YouTube is used to enable notifications for a channel. The script encourages viewers to 'press the bell icon' to receive updates whenever new content is posted, ensuring they stay informed about the latest videos and information.

💡Election Mission

The term 'election mission' could refer to a political campaign or a specific initiative related to elections. It might be central to the video's theme if the content is focused on political updates, strategies for election campaigns, or the importance of voter engagement in democratic processes.

Highlights

Subscribe to the channel and press the bell icon for election mission updates.

Assembly this note, subscribe, like, and type '30% of computers' on YouTube.

Attend the 2016 Typing India conference for more preparation.

Celebrate Indian Bank's anniversary with a person from obscenity as one of them.

Most boys committee, subscribe for investment banking terms of visibility with respect to New York's soul with wild hair.

People want to actually pursue a career in investment banking super fast.

Additional want to see the newspaper lot about how much, subscribe in a good way.

But will find things which are in the right place for placement, last 500 jobs also total investment banking we clear.

So much work, so much work, subscribe, follow on Twitter, quite active numbers Amazing in 2067 solar time.

For India, every but Play Store back to 9, celebrity days, excited as a consultant time industry entrepreneur.

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Just for Merrill Lynch India VS Ireland, six people approach all of the tempers and sisters Merrill Lynch endeavor to present Singh.

Rathod and future improvement camp this, holiday teen people no it is the total number of people to camp for jobs this.

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The job profile remember, sem is not to change, Dhaka travel change and liver sentences.

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Investment banking this your first year, salary will you make no that of 10000, first year itself to temples at just.

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The best time now, not a function of, dress, and tube background light or harmony, Vishwas Samitis better charted accounts at list one life in Mumbai and you have.

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