Frankly, I had no clue what this term means. Yes I was in my first year of MBA in finance from a reputed B School and then I came across this term. If you are lucky and are studying in good B school, you will find an elective like this; nonetheless, I observed this in context of jobs. Typically, if you are a finance enthusiast MBA in your sophomore year, then you follow some seniors of yours and when they get placed in a Bank you ask-So what is going to be your profile? The Answer was-I am placed with Project Finance Group of XYZ Bank. Voila. Then I calculated backward and found myself asking this question: How to get into Project Finance?
Project Finance essentially means a process of financing a Project. Project could be anything. It could be: A class 10 student planning to achieve 100% marks in board’s exams. It is a project because it has certain features such as:
For scoring a 100 you may need: 1. Good books 2. Good tutor 3. Sufficient time to practice. The first 2 things generally come with a price tag. If you have sufficient Reserve and Surplus you may not need external finance, however if you require some capital to execute the Project you go to a Bank with your business plan and then you meet a guy who asks you questions about you plans, its viability, its repayment ability and then writes a cheque.
You resume should tell: A combination of nice-to-haves and must-haves which basically boils down to one thing that you can be trusted upon for calculating Debt Service Coverage Ratio DSCR. No kidding. In first 2-3 years of you role involves multiple times you telling –‘Boss, DSCR are tight/not comfortable’.
So beg-borrow-steal bullets to beat the next guy’s resume, because all the resumes have a single objective: To get you interview call.
In utopian world, a bank with PFG department arrives in your college campus and interviews you. But practically, you need to spread your resume with every pigeon you see on your window. Go to LinkedIn, make a complete profile, do homework who are the prospective employers, search alumni data/linked in for relevant people, network with them and push your resumes to PFG guys there through reference.
You should clearly demonstrate that you are good at:
Global Association of Risk Professionals, Inc. (GARP®) does not endorse, promote, review or warrant the accuracy of the products or services offered by EduPristine for FRM® related information, nor does it endorse any pass rates claimed by the provider. Further, GARP® is not responsible for any fees or costs paid by the user to EduPristine nor is GARP® responsible for any fees or costs of any person or entity providing any services to EduPristine Study Program. FRM®, GARP® and Global Association of Risk Professionals®, are trademarks owned by the Global Association of Risk Professionals, Inc
CFA Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by EduPristine. CFA Institute, CFA®, Claritas® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Utmost care has been taken to ensure that there is no copyright violation or infringement in any of our content. Still, in case you feel that there is any copyright violation of any kind please send a mail to firstname.lastname@example.org and we will rectify it.
2015 © Edupristine. ALL Rights Reserved.