Treasury Roles In A Bank Pay Way More Than IB or Consulting Ft. Arijit L, Ex Edelweiss Capital
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- Опубликовано: 11 июл 2024
- Arijit Lahiri started his career in the 2000s when he had no dearth of opportunities so to speak. An engineering graduate who chose to get into finance, Arijit chose to be an engineer because other career options were not so lucrative. But post his engineering days, peer pressure convinced him to crack CAT and IIM C. Arijit found himself interested in the opportunity a finance career offered and so chose to work at ABN AMRO Bank. In this video he touches upon his journey from IIM C to ABN AMRO to Edelweiss.
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Arijit shares how he worked as a relationship manager at ABN AMRO. While his personal relationships seemed to be floundering, his banking relationships with consumers were doing well. He shares how he moved from relationship management to a treasury role. Further, Arijit tells us how treasury roles are the most sought after in banking, and offer exponential growth. He shares how he moved to Edelweiss next and worked on capital finance. Here Arijit got the chance to work in a start-up style environment and loved it. He shares how he worked with derivatives and how his role at Edelweiss taught him to wear many hats.
But before things could get better, the great 2008 recession happened. Markets crashed and business was affected. Arijit shares how his work was also affected. He shares how he earned 75 Lakhs annually and the recession ensured that his growth would be stunted. As a result, he chose to take the start-up route. But like many firt time entrepreneurs, Arijit's business didn't really take off. He shares how this made him feel disappointed and shook his confidence. But it didn't deter him from pivoting. Filled with facts about finance, highlights of a finance role and other aspects related to key learnings from a long career, Arijit's unassuming conversation makes for a great story. Stay tuned for the next part.
0:00 Highlights
1:18 Introduction
2:27 Why I chose Engineering
3:46 Did an MBA because of peer pressure
6:14 Responsibilites of a Relationship Manager
7:36 Understanding Markets
9:28 Working in the Treasury Department
10:27 Roles at Edelweiss
11:26 Anecdotes from the Financial World
13:21 Markers of a Financial Crisis
16:23 Effects of the Financial Crisis
19:08 Why did my Startup fail?
22:22 Stay Tuned for Part 2...
⚡Here are some highlights:
✔ An MBA prepares you to be able to analyze situations and see patterns.
✔ To work in a finance role, you need to understand balance sheet analysis, how markets work, etc.
✔ Markets can stay irrational far longer than you can stay solvent.
✔ You may not succeed even if you work hard; You need patience and luck as well to make it through.
✔ Success is not necessarily an instant formula.
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#mba #relationshipmanager #iim #Consulting #career #insideiim #stockmarket #business #careeropportunities #finance #business #startup
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Back then all the American banks were giving loans left and right without actually confirming the annual income of the borrower and not doing any background research. It all became a bubble and it all came crashing down in 2008. That's why finance was the most lucrative job back then because it was unregulated, that's why he said he can't see his income growing more than 75 lakhs at that time.
Very true, one of my friends was in Citifinancial and I remember asking him this question - without a background check how are you disbursing loans to people, he had no clue, and I remember he making lot of cash incentives for meeting the targets.
On board some professional hosts, unlike the current ones (especially this person). With such great guests coming in, needs experienced hosts who can bring out the best out of these conversations/discussions.
Ankit, if you're reading this:
You're already a great person, you no need to try to make yourself the hero of the conversation, let the guests be the star of the conversation. I mean that's why you brought them in, right?
The conversations in recent times have not been so enjoyable like it used to in earlier days. You seem very intruding, rude, interrupting the guest a lot. Let them talk for a while, please.
I hope you take this as a constructive criticism and improve upon it.
Thank you.
Your conversation with Archit, from BoA, is the gold standard, I hope you get back to.
Cheers.
Hey, Pradyumna
Our Guests Will Always Be The 'Hero' Of The Interaction.
Thanks for your honest feedback.
We will continue to bring better career journeys so that your learning never stops.
I have a different take on this, I know he's interrupting a lot, but at each point Ankit's focus seems to be his audience, to drive the interview to get the most relevant insights for the aspirants who are attending this is person. He interrupts every time there's a jargon or a generalized comment by the guest. 07:20
You know what is the biggest flaw in our system? It is that we are told to run after the salary package. The "75 LPA" on the thumbnail is a classic example. I know of people who work as a Teacher in a small-time primary school and earn much less than a software engineer in a big tech firm and yet they live a life of much contentment.
It's better to die rich than to be a beggar
@@upscdrive1872 seems you didn't read my comment properly. I never said "die a pauper".
Contentment and satisfaction and peace are things to die for. Money doesn’t matter much in the long run as long as you make enough to sustain your needs and desires which also need to be kept in check
I really don't understand the criticism Ankit receives in almost every video in the comments! This is not a talk show like Koffee with Karan! He asks the right questions, interrupts when the answers seem to get tough to understand for the audience, gets more out of the guests, and has a strong presence on screen!
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loved the last lines of this guy..related so well to myself..had given upsc interviews thrice but came back and you are shaken!
Wow ! Great to see you both - Arijit & Ankit ...
Thanks a lot for watching the video.
Watch the next part here: ruclips.net/video/7sAXxBcMVw0/видео.html
Why you guys can't choose a good comfortable chair to sit?
Looks so uncomfortable!!!
Uncomfortable chairs to bring out the uncomfortable truth.
Smart Strategy used by us! 😅
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@@InsideIIMKonversations thats smart reply too😂
It was awesome. He is soo experienced!
"Startups have come up because of the global financial crisis"
What do you think?
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nice video in long time, we need experienced people like him.
Glad you liked it
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Subscribed .Looking forward to learn a lot.
Thanks a lot for subscribing to InsideIIM,
We will make sure you get a regular dose of Career Lessons.
Very informative video 🤩AGAIN..
Glad you liked it
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Great conversation sir.
Glad you enjoyed it!
Watch the 2nd Part of the video here: ruclips.net/video/7sAXxBcMVw0/видео.html
Sir kya investment banking ka course hindi main nhi ho sakta hai
8:29 that is why sleep is important. You cant miss such good Konversations
Glad you enjoyed it
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Haha! I noticed that girl as well
This guy is amazing
"Markets Can Stay Rational Far Longer Can Than You Can Stay Solvent"
Do you agree!
Get ready for part 2 of the interview, Subscribe to InsideIIM for regular updates
Right
Did the session take place last year?
This interview was shot a few months back this year only,
We hope you liked the wisdom given by the speaker.
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Good brother
Thanks for watching!
With all due respect the host is a distraction and breaks listeners attention and speaker's rhythm. Let the Guest speaker tell their story.
all IIT guys end up in finance
and in India CA is best course to be best in finance
so why do engg and then mba
and then work in finance
Many of us do not have that clarity initially.
AltUni.in helps you to make a career in any field via in-demand certifications and industry collaborations.
BS people everywhere. How many treasury positions are even available compared to that of consulting?
Toh Abe kya ker rahe ho naukri chaod ke pachta rahe ho baki kuch nahi, sab fake hota hey ppl pretend to be but reality is sir ke bal uske wajh se udd gaye hey entrepreneurship ke naam pe sab ka kaat na band kero mere bhai honest opinion all ppl listen job kero skill sekho banda 75 lakh ka package chode ke Aya 5 lakh ka nahi 😄 🤣 😂 don't fall for it 40 + age hey iske hum abhi 30+ bhi cross nahi kiye do the gain experience then take a decisions
Hey, To understand more about the speaker why don't you watch the other part of the interview as well: ruclips.net/video/7sAXxBcMVw0/видео.html
Treasury > IB? Damn.
I dont think so. I know fresher treasury people in indian banks who get very average compensation
Wtf is that idea 🤣🤣🤣🤣
He must be kidding 😹😹 Treasury and paying wayy more than IB😹😹 what a joke