Monday, November 24, 2014
11:02 PM 0 comments
ANS : I did my internship from Barclays Shared Services (BSS). Barclays Shared Services (BSS) provides operations support and services to businesses across Barclays. It has more than 13000 employees.
What project you worked on and what was the timeline for execution of different stages of the project?
ANS : I worked on process optimization projects, and was also trained on vendor terminals like Bloomberg and Reuters. The timeline was well defined as there were two performance reviews held during my 2-month internship. Every intern is assigned some goals after a meeting with his manager and timeline for the same is decided then.
How did you execute the project?
ANS : I have never worked in a bank before so it was bit of a challenge to understand the processes at the first go. However, with good support from my team I was able to grasp the nuances quickly. While setting my goals, my manager asked for my suggestions and based on that we had a good discussion. So it was kind of open environment where I could give suggestions and also, where I could ask anyone for help if in doubt.
What were the key challenges that you faced while doing your internship?
ANS : The first and foremost challenge was the shift I was working in, 5 pm to 2 am. :D. Being an early riser it was quite a task for me to stay awake. Frequent visits to coffee machine helped me during initial 4-5 days. Jokes apart, it was fun and a great learning experience.
The other challenges that I faced were just related to my project requirements for which I got support from my team.
Tell us about your key learning’s while doing the project. What was your overall learning after the completion of the internship?
ANS : It is fun to learn new things on the job but at the same time you have to make sure that you learn them real fast and take action on them quickly.
Another important thing is communication. You need to be able to understand the requirements of your client and be able to communicate your suggestions and concerns clearly. It’s better to have a lengthy discussion at one go rather than short calls every now and then.
Barclays as an organization spends a lot of time on its employees in order to develop better professionals out of them. I learnt the importance of networking during my internship. We were also encouraged to meet directors and higher management and just have discussion with them on any topic we like.
How supportive was your corporate mentor in the execution of the project?
ANS : I worked for two teams, so two managers (AVPs) and one senior manager (VP). And all were really supportive. They took note of my suggestions, we had discussions based on those suggestions, and I could always share my concerns with them. It was a very nice working environment and there was always some fun thing going on the floor.
While doing your internship, how were you connected with your academic mentor at your institute?
ANS : We were not allocated any academic mentor. However I am sure if any of the students have any query ever, even after the course, our beloved HoDs and other faculty members will always be there to guide us.
How was your interaction with other employees during your internship period? Would you like to come back to the place for a job?
ANS : Sure, I would love to. My team is a bunch of fun people and I would love to work with them again.
Share a memorable incident from your internship days.
ANS : During a town-hall, where people from higher management address multiple teams, the country head of my vertical introduced me to the Head of Operations and appreciated the work I had done.
Friday, November 7, 2014
9:46 PM 0 comments
On 2nd November 2014, SIMCON organized a guest lecture by Mr. Anil Talreja, Partner at Deloitte Haskins & Sells. Mr. Talreja spoke on “Private Equity”.
Mr. Talreja started his lecture by giving the basic idea about Private Equity. He explained in very simple terms, how high net worth individuals and institutions make investments and acquire ownership in companies.
After explaining the concept of Private Equity, Mr. Talreja compared the Private Equity investments in India with those in Western countries. The discussion mainly revolved around the Private Equity investments in family owned businesses. He explained why family owned businesses in India are somewhat skeptical about the involvement of an external investor in their business.
Mr. Talreja then continued by explaining the structure of Private Equity investment. Though the structure is very complex in real life scenarios of Private Equity investments, he kept it simple by including only the most important blocks of the structure such as Investors, PE House, Management Company, Investment Company etc.
Mr. Talreja talked briefly on Venture Capitals as well. PE and VC are similar as they both are in the business of buying low and selling high. But they are different on many parameters, one of them being the target companies. While Private Equities usually target mature and underperforming companies, Venture Capitals usually target startups and early stage companies.
Mr. Talreja then discussed about some real life case studies such as Vodafone tax evasion issue which the Supreme Court ruled it in favor of Vodafone. Then Sir talked about GAAR (General anti-avoidance rules) and stressed on the importance of its implementation in India.
The lecture was very engaging wherein the students asked a lot of questions and Mr. Talreja answered them all. The students at SIMSREE found the lecture very beneficial. We thank Mr. Anil Talreja for taking time out and giving this very important lecture.
Thursday, October 23, 2014
11:59 PM 0 comments
When a long awaited child was born, his parents were very happy. But as he grew up their joy began to fade. The child was differently abled ! He became a burden on his parents. They tried to take care of him but could not cope up with the pressure for too long. Helplessly,they dumped him at a famous temple in the vicinity and disappeared. The police registered a case and the boy was named ‘Billa No. 144’. The same boy is now called ‘Shantharam’ in Asha Bhavan! Asha Bhavan at Kodoli, Satara is home to many such special children.
On the occasion of Diwali, SIMSREE and its Student Social Responsibility Committee took the initiative of lighting up the lives of these children. We collected clothes, stationery, various other gift items and sweets and distributed the same among those children.
Even though these children barely understood the significance of Diwali celebration, the warmth and the festivity was evident from their reaction and joy. The students of SIMSREE spent a day at the orphanage and came back home feeling enriched with the experience. And the smiles of the children only reflect that the experience was mutual!
Friday, September 19, 2014
On the 19th of September, 2014 the Corporate Relations Committee of SIMSREE organized a ‘Corporate Connect’ session wherein ten students got a chance to interact with Mr. Bhavin Sanghavi (Associate Director at BNP Paribas Securities India Pvt. Ltd.). Mr. Bhavin Sanghavi is a Chartered Accountant and has vast experience in capital markets and risk management.
The interactive session held at his office helped students of SIMSREE to get an insight into the functioning of capital markets. Sir spoke about his journey in this industry and shared some of his experience over the years.
The session started with a discussion on the recent trends in the finance industry. Sir emphasized upon the fact that change in investor sentiments towards India after the election of a stable government at the centre has resulted in a high amount of foreign capital flowing into the country. He stated the role and importance of FIIs for an emerging economy like India. For young investors, Sir stated the importance of conducting an in-depth fundamental research of a company before making any investments. He advised the students to concentrate on certain companies or sectors, study the reports and follow their stock prices on a regular basis before investing.
Sir then spoke about the various derivative instruments available and the pros and cons of each of them. He explained the risks associated with the use of derivative instruments as a tool for excessive speculation stating the example of the financial crisis of 2008.
Sir explained how dedicated apps and online portals have made it very easy and convenient for people to invest in the markets and this has resulted in a direct connection between the brokers and the investors. Furthermore, he also answered questions on topics such as Mark to Market, Asset Management, Bargain Hunting, High Frequency Trading and e-commerce.
He ended this knowledge sharing session by advising the students to have patience and self-belief and to be persistent in their efforts. He also spoke about the importance of balancing work and family life. All in all, it was a very fruitful session for all the students who got the opportunity to interact with him. We thank Sir for his time and his valuable inputs.
Tuesday, August 26, 2014
Like the age-old adage goes, “change is the only constant”, companies too have to keep transforming and reinventing themselves. But how and when do they transform themselves is the billion dollar question. To answer this question, SIMSREE Corporate Relations Committee was honored and privileged to have on campus, Mr. Sudeep Nair, Global Head – Business Transformation at Jardine Lloyd Thompson on 26th of August, 2014. Mr. Nair is an IIM Ahmedabad Alumnus and has prior experience in Cognizant, Switzerland as the Head of Cognizant Business Consulting.
To train the naïve business minds of the batch, Mr. Nair kicked off the session by giving a basic idea about how a typical business organization looks. He explained that any organization is built on three basic blocks viz. the front end, the middle office and the back end; and also mentioned that the core competency of a company comes from any of these three basic blocks.
The discussion slowly steered towards how an organization should constantly assess itself using Porter’s five forces and adapt to the changing attitude of the customers. Mr.Nair focused on the point that regulatory hurdles could also be considered as a force that could disrupt the industry.
After assessing the operating model, if an organization feels that a major overhaul is due, it should set its sights on a target operating model that it could capitalize on in the long run. This transformation roadmap can include people, process or technology. Mr. Nair mentioned that implementation is the most difficult part in any business transformation after the vision and methods are set, especially if the change involves transforming people.
After sharing insights on business transformation Mr. Nair threw the floor open for Q&A. The enthusiasm of the batch was portrayed by the number of quality questions asked by the students, which Mr. Nair answered patiently. The session gave the students an understanding of the various aspects of business transformation.
“Blood is that fragile scarlet tree we carry within us” - Osbert Sitwell
SSR (Student Social Responsibility) Committee in association with Tata Memorial Hospital, Lions Club (Juhu) and Think Foundation organized a ‘Blood Donation Camp’ and ‘Thalassemia Checkup’ at SIMSREE on 26th August 2014. The event commenced with a very informative session about blood donation and Thalassemia by Mr. Vinay Shetty, Vice President of Think Foundation. Mr. Vinay has been responsible for running a structured program for testing for Thalassemia minor in colleges in Mumbai University, which has now spread to various corporate offices and residential areas.
The session helped break myths about blood donation and educated the students about the importance of blood donation. It also had detailed information about Thalassemia and pointed out the importance of Thalassemia checkup for every individual. Think Foundation is trying to ensure that no child is born with Thalassemia major and the students were encouraged to check whether they were Thalassemia minors by conducting free tests. After the session, the blood donation campaign was carried out.
The camp witnessed an enthusiastic participation of 89 people wherein 450 ml /bottle and 350 ml/bottle were contributed by male and female students respectively. People from outside the college were also allowed to participate in the camp. This camp spread the feeling of contentment among the students of SIMSREE as the message given out in the session was that every individual can save 3 lives. Also dual sided English and Marathi version badges of “I donated blood today (मी आज रक्तदान केले)” were distributed to spread awareness across everyone in the college and outside the campus. Each blood donor was thanked and given a token of appreciation for his/her contribution. The process was smooth and painless; thanks to the cooperation of nurses and friendly doctors. SSR Committee would finally like to thank Dr. Sangeeta Pandit (HOD, Finance, SIMSREE), who guided the committee throughout the process.
Friday, August 22, 2014
Students of Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE) belonging to the Corporate Relations Committee organised “Marketer’s Mark” for the first time ever on 22nd August, 2014. It brought together a few of the marketing world’s stalwarts with its theme being “Rewriting the Rulebook”. The guests included Ms. Deepali Naair (Chief Marketing Officer, Mahindra Holidays & Resort India Ltd.) as Keynote Speaker, Dr. Hemant Dande (President, Raptakos Brett & Co.) as Moderator, Ms. Anjali Patil (Director - Brand and Communications, BNP Paribas), Mr. Ajay Jethi (Chief Marketing Officer, Reliance Capital Asset Management), Mr. Sanjay Vakharia (Director - Marketing, Spykar Lifestyles Pvt. Ltd.), and Mr. Madan Mohapatra (Head - Media & Marketing, Future Group).
The students were introduced to many new marketing concepts like micro segmentation, need for reshaping the customer demand and the importance of personalization amongst many others. Apart from these, through the discussions of the panellists, greater emphasis was laid on adaptability and pace of the current world. The esteemed panellists mutually agreed that everything is evolving continuously as the consumer is changing, becoming more confident and technology dependent. As a result, companies have to innovate to include digital mediums and follow innovative marketing campaigns in order to capture the ever decreasing attention spans of the consumer.
The importance and need for context in marketing was reiterated throughout the conclave focussing on the changing needs, wants and demands of the consumer. Marketing cannot be considered in isolation and must be done with the right context to succeed.
All the guests were very enthusiastic in sharing their experiences and answering all the students’ questions in detail. Through these discussions, the students gained immense knowledge into the workings of current marketing world, its evolving nature and the latest trends which they would be otherwise hard pressed to find in any textbook, magazine or newspaper in such a lucid manner. This shows the very successful start to Marketer’s Mark becoming an annual event at SIMSREE.