How To Sign Mississippi Banking PDF

How to industry sign banking mississippi pdf later

you [Music] now of course you're going to ask me okay fine this is all quit but what kind of jokes can I do after financial after learning this and well it very simple one let me start with Investment Banking and in business banking I am looking at companies like there are two kinds of adverse effects there's the bulge brackets investment bank and there is the there is the particular must earn back the bulk return investment bank is is much larger and if I was in class with you idea asking within it something but I do that myself the bunch Breton doesn't back with me something like that sacks give you more again it would even be in other words because it arises not considered a photograph investment bank bunch practice generally owner products of course across the gamut right so they do everything from M&A to abuse to research trading sales good that would be and of course a lot about stuff like private equity etc but this is better let's say the five fingers of an investment back who do you investment bank like an event this I mean a leather a rough childhood focus primarily on M&E and in M&A and all those countries but helping a company a company based private equity for instance so so if to give you an example if if Flipkart wants to raise another from funding they would go to the bank like access a securities or Morgan Stanley or even an awareness and say help me raise my next round of funding that is an endorsement marking activity but if if a company wants to go by Bill that's also fundraising they would go back to the same teams but of teen something like the vendors would not have an idea on they would not be able to run an IPO they would go something like an ssa securities that is also fundraising and listen banking is odds they have it so everywhere premise the banking across this one especially M&A and equity research and equitable markets you need financial more and we're going to the details of why you're here such etc if you go further on into equity research and credit research all research requires more because you need even if your feet if you're doing a country so if your credit research and you're doing country research and you're trying to understand the viability of India you have to model out the biology you have to model our fingers that it's famous you have more learning here treating equal 15 model of what inputs are my having what exports am I having are they going to change over a period of time I have a model of my ethics I have to model on my bones though government bonds that we have how robust are my dog bones all of that is financial modeling and when I'm looking at equity I'm also there's there's something missing here not so looking at commodities research right so let's take all a one of the most well paid jobs in the world is something at cash flow if you are a cast of trailer cast well you could have a very robust model or and we collect wrist the world forecasting of oil prices however voice is going on our oil price is going down it's very complex if you're in foreign exchange you're going to have to model out for an exchange over the next 10 20 30 years ago if you are in a think tank in research you're going to be mortal okay so what would a think tank you would think times would look at the big questions the questions is where is the world economy going to be in a hundred years a think tank is going to be asking questions like how much will natural gas how are we going to have in solar power when your solar power replace shape right when was it then will be a fossil fuel okay now it's kind of big I'll do a very complex models so a model can then run on to from from a sort of M&E your little chat I sure might have six sheets I think that might have six I'm not sure if that's still more project finance reversible we just discuss this project structuring project monitoring risk analysis depth was he dead so if you're working for a company like ie bi if you're working for Asian Development Bank if you're working for the IFC doing financial market finally consulting very simple if you're working for them McKinsey PNG PwC a small one of the small consulting company write down your row everybody's going to be using financial offer so the again this is where we need to stress that financial modeling is a skill set right it is something you go away it is considered if I at least 80% of our testimonials post our courses in MPC and an first word program reads demand for Python and the sea and the corporate finance is that they move they have never learned financial more this financial modeling is very it takes a little bit of time to not so this is a skill set that is very very moving on what are the pillars a financial model so because it's a skill set you're not being taught a subject and which is why what happens with most programs be it your CA or your CFA or even an NBA is that they give you all a little great job of giving you the base data they give you their time which you need to know they give you the forecasting the valuation but then you need you need to have certain amount of very specific basis fundamental knowledge before you can actually more with anything up one of that is something you need to understand how the PNL the balance sheet and the cash flow linka and not just linked up in that book it I know that the courts the Forbes are I know what if it is you need to be able to understand that modeling our folks is very different from modeling out something like an S GNA so modeling our variable cost like raw materials direct labor which are variable are very different from modeling our rent and the problem is when you are in a CA or a say if they were not hard for found a model these things out hopefully because you don't have time to do the proper friends to be promote of the month because a linear cost like raw materials is much easier than a step cost like the drink and when you are ignoring of something like went you might need to use a spinner and we will discuss this a little bit later about the detail it's kind of stock material for the spinner essentially is a technique in modeling that helps you model out of a step cost there's more than are variable is very easy right so if if I use one if I use two bags of cement for one ball for two words I use four bags of cement but what happens when four and four people are required to make one hole find a color coordinate make 10 volts etc then how do you model that up to you eat your spinach so come but so what accounting is not just that you also need to understand you need to understand the linkages between how could that you are depreciation be primarily a straight line but how you model a straight line depreciation what do you do with that will work in progress now if you're any of us he is he was not have to work in progress but you know how to Bob Lanka you know you know what a model of deferred taxes do you know that you shouldn't touch their lessons because because essentially modeling our accounting means that you have to be very careful about your linkages the second fundamental pillar that you need to know before you monologue is the ability to focus and so what you were talking about which is essentially accounting how do you forecast a step first one is modeling it out using a spinner but how do you actually forecast I'll be in forecast industry so for instance if I am making a pencil the pencil maker how am I going to know how many pencils are going to be sold make sure and if way and be teacher that we teach you how can we forecast the number of pencils we teach you top-down forecasting and bottom articles okay and so once you forecasted that out how we're going to forecast the costs again we go back to Lima and step how are you how are you going to forecast working capital and for this that means you need to go understand ratios what in faculty ratio is extremely well to be able to use them before and finally of course we get the valuation to you you've done the accounting which means you know how to fill it out to be and how about shooting the cash flow you've been able to forecast to be another chip cash flow we then need to understand how to value and they're from from financial morning inspector of course we are always involved in cash flows okay we're always forecasting casuals but that's not the only thing there for buster so what first is to be going to valuation will be Fred going with later but you need to understand the the three basic the two basic ways to model value income based valuation and market based valuation and both of them are used financial model so you need to be fairly strong in your valuation we need to be strong in DCF theory strong and market valuation theory to be able to forecast modeling assumptions so the first three are what I call the fundamental knowledge villains number four number five are techniques they are what you call the actual doing of the morning how do you model our assumptions and this is very simple so if I am going to say that modeling assumptions it's something like we're talking about charts if I want to sell a hundred cups of China there I think it's going to go up by fifteen percent so I'm going to serve one hundred and fifteen cups of trying to model fifteen percent with the Delta the Delta that I model in now there are two ways to models right so if you are not in thoughtful model you would essentially do what you will say one cell equals hundred times fifteen percent plus bracket close brackets Plus that is not more than that's just math modeling is when I take the 15 percent and I'm moral it in so I'm giving one of you ability to look at my model and say that 15 percent can be changed or 20 percent thereby changing my entire model I will then bring that down my entire model will change water will change that's it nothing everything changes my sales changes therefore my posture my repaint your earnings change my weekend own exchanges my cash it in for changes I don't condone it myself for myself which is more than okay so that makes my model robust but if you don't give me that cell and you give me something in a formula I have no idea what's going on how about no one had 100 tipped 115 that is not a model which brings us to the art of mourning they are mourning of good model and fine in investment banking means that you know how to colourful which means you know how to use things you know you know how to make it complex enough that you have nine items but not too complex that it messes up with your images so you don't have want to have a terribly simple model but you don't want to have a very complex model remember that for fasting and financial modeling here always going to be wrong it was forecasting you're going to be wrong almost always what we're trying to do is mitigate how long we're going to be if I actually make okay so I almost seven hundred and fifteen cups inside the world but I know that I am ready to seven hundred and that's what it more or less me if I sell one hundred and twenty at least I had enough 416 okay but if I sell but if what but if I don't make a mortal Apollo I won't have a hundred and fifteen at all so we're always going for to mitigate risk and mourning and committing it risk and modeling you need to have robust token document in your assumptions so you can't have very few assumptions because then the moral will not work and you find out very many because then in the model would be a personal we what is the kind of stuff so this is a small example of what are the kind of thing we teach you in one class we will basically take you through how to create the base mode you gather historical data put them into tick-tick-tick I will start with an answer to do this with you I'll essentially saying okay did you financial actual data historical three years of cons restate the data yeah leave the data before we also teach you how could we take data why don't we want to restate paper because we want to make the data work for us it's it's our model I want to make sure the line items are one I wonderful because I know - we have to develop all the time claim industry knocking mr. sattaiah therefore you be choo choo industry analysis which means for very simple at a very base level with you to market through the quarters and apply it to a model we also teach 200 economics so we teach you what oh babe look at your face if not you know how basic economics that would be help from understanding GDP to understanding foreign exchange we then go in and teach you how to forecast sales okay and finally if we go and we forecast a long sales remaining out we go one by one forecasting the PNR is very different from forecasting of knowledge as we don't let them leave us teach you how to determine value and then we finally finalize your reports and help it support your decision using the document in assumptions that you have okay do you have any questions until now before we get into so just a second should i if you guys have any more questions we request you to drop them in the question box it's on the right hand side of your screen thanks again what do we what some of the features we go into valuation of course fear I'm talking about three videos compare activations comparables based on the cash flow something very important that we understand is we often have to work very hard most people commenting do not know how to do it even if they've done in why is that because they don't know how to pass - that's why is that because they don't know how to model out of business right so if you don't do it ECF but you don't hold hands cash flows and do DC if you can't actually model anything because even if you want to use comparative ratios you need to be a little more below what my cash flows are going to be over the next few years okay comparable ratios of registers and comparative transaction comparables are also used we also more to those in to create a complete financial package that we can give to an investor and equity research model would have a number of pages which will end in valuation the valuation pages will be comparable transactions comparable multiples well if it does across the industry even across the industry that will finally have them come to an understanding of comparative evaluation what are comparable valuations would be to go into it is essentially we're trying to understand if I am a choice off but there is a listed choice shot and I'm I'm a attending a piece that that company makes 100 degrees fat okay and its market value market cap is a thousand what's the multiple standard right so we will say that because it's a chart show up and I'm a try short I will look like the tenant in mine and get a valuation and a value of 100 right that would be my equity valuation right we were model in that kind of stuff and we try to understand how that works of course we're talking about what stunt cash flow is is the foundation for all the elevation approaches again it's just what I discussed over direct it do we take the intrinsic value of any asset based on what their foods expected to generate but of course that depends on that also you know that also depends on valuing that out there modeling that of what terminal rate is what what come with it are you going to take tell me what terminal growth rate are you going to forecast and an exception we're gonna post each you the captain model what do levered Peter how to do an unlevered beta have the Ebor and we work is the capital model come true or we're using the posterity of course going into going back into the principles of time value of money how many of money of course is very very critical to to DCF we will also be teaching you about and the time I know my name is very important even if I am talking about IRR for the science so essentially what we're going to be doing is to how to use the Cap'n to beta key value out in the future of whatever what's the hooker what the for positive cash flows are going to be and then you bring that back just to give you a question what kind value of money here thirty that's what I was trying to say is it's essentially what is the value of one rupee today one rupee in ten years today right and how do we do that we bring back money by discounting it and the discount rate is very important and t e way we get hand is come to it we get the discount rate by way of weighted average cost of capital which refers to have who's going into the box of equity and the cost of debt most of it could be comes from the Capitol Mall honest enough to say the cost of debt pumps phone whatever the debits will be going to that's that's the key thing that we're going to understand why do we document now we go back why do we document assumptions very simple this now the valuation we're not coming to documentation the art of water we document assumptions because if models are given to people to help explain the business a model should be self-explanatory okay if so if I am saying that I'm going for 100 cups of chai 215 cups of chai I should not be able to think to you that I'm going up asking for something that is what is a model and it also helps me also if I don't document my assumptions I've also got to know how I went wrong with my fault master Wang okay how will I know what assumptions I had initially if I don't document and of course simply enough it helps people change the 15% if they disagree going into the program of course we're going into certified no I think again I'm going to ask you if you have any questions because now we're going to go into details about the actual program so there are there any questions no oh okay okay do i type okay okay from of them I have a question from Rajesh rebo's how is evaluation certifications going to help me if I'm a reform graduate and a CA into qualified well for one I just said the evaluation certification is going to help you because it tells an employer you did not be hungry be fun degree does not tell an employer you know not financially not if you don't a lot of most people from out of the BR not knowing how to model or how to value of them I see inter qualified also does not get lured happy model okay they don't get thought how to create robust financial model which is critical to jobs and investment banking and as private equity equity research to get the markets across the board in the smacking financial consultancy so a valuation certification tells someone you can pass the interview because they're going to ask you questions and we're going to help you who it also is going to show the employer that you know how to do a very critical part of the job that you know how to value a company and that you know how to model our business I hope that folks how is the Rocco team how does financial modeling helping must maximum central dribbles very simple it is cash flows we helped model our cash flows and we also help understand the risks for the country and the countries this was determined by balance sheet advance payments etc which will then in fact quality of its training books I hope their folks so let's take for instance but let's go back to and so great way to give you China as you know owns a lot of the US debt right if you're known in the recession one of the one of the great things that have the u.s. global financial crisis is that China was very close to actually calling dumping a lot of the US as Treasury bills why would they do that right it would dump US Treasury bill if they think that the u.s. is going to collapse so somewhere in China there someone would have made a model that said that would have more allowed collapse of the US economy can the u.s. actually pay me back when I call for this bill will they actually pay me and cash flows from the country's cash flows the balance of payments the interest rates everything gets modeled in the GDP to know if the Treasury bill is actually valid how how what is the credit risk on the bill that's how that helps but just to let you know that's credit research okay that is not equity research you just have to be very clear that research its financial modeling that's correct it's in fact what is enterprise event okay good question an appraised value is loosely translated as market capitalization plus debt - - why do we use enterprise well very simple and first when you came in when so what is market capitalization so let's find out for everybody it's for this market capitalization I could get lessons very rich it is my fax number the profitability I think multiplied proximity and make them have not led into the monitor of shows so that the fact is that that gives me my money okay now what my what the problem is is that my enterprise if my market cap is includes but it does not if my mother kept also its fact what is it what is happening it's coming after my interest constant so market cap or equity value does not take in the impact of debt in value breach why is that important it doesn't matter if if there are two pencil makers and both the pencil makers have no debt correct obviously it doesn't matter because the market cap of that company in the market cap of this company can be compared because none of them have debt and therefore that's our to be impacted it's all been funded by equity okay but it's not a steel gun now one steel company let's say let's say Salem's sales deal will have large amounts of debt on its books and something maybe of no food still matter have any debt on this books are they comparable no they're not comparable why they're not available because one of that has the impact of a large amount of debt and another fat as an impact is known that which means the operational profit is not it does not help you in value right that's if you don't know how much value it is attributable to the debt and they feed upon the enterprise value helps us value the company's efficiency in creating profit so we go if we 81 to align to the epic dollar the emitter line means that both companies have not taken the impact of depths from an efficiency perspective what those numbers are are comparable and that if it done number multiplied by an emitter multiple will give you the enterprise value which includes debt and - - I hope that answers your question okay a brief explanation for where Bank is a weighted average cost of capital which means what actually did let's go back to the question the example that I was giving about sales tigre weinstein company has no debt one company has debt we have if a company is funded by both equity and debt I cannot just discount the future cash flows by the cost of equity I have to find this one the future cash flows by also taking into consideration that the company is going to be funded by debt in the future therefore I haven't created an average cost of debt which takes into consideration that my cash flows in the future are going to be funded by a proportion of both equity and debt a weighted average book so and to go backwards the weighted average cost of capital - host of that to add that protect with the ratio cost of echinacea okay the cost of equity is the capital model we get outside the cap on the cap and model is the the capital model is the risk-free rate plus of mine yes there are beta which is the D would be which is the levered beta into the world or risk premium now the and of course the cost of debt is the company sponsored that which when we don't know what the cost of you two companies we generally tends to take for 12% or which we take 8% to 9% for a big company like a reliance we will take 12% for a medium company and for a small company with it solidifies okay so a weighted average cost of capital is the discount rate that you use in in when you dismantle all right again it's the same answer that I gave Raj triples the Mississippi it's great they were actually available to congratulations on fast you see a bit of the one the CFE is a terrific oops again the CFA helps you gain the pillars we're talking about the pillars accounting foundation unfortunately even to see if it doesn't do a very good job on forecast there's a great job in accounting evaluation well but if the and it does not teach you how to model okay this simply because it's a self-study program nobody's coming and telling you build me the financial model of the child shop build me the financial model is still time however will you nobody's teaching you how to forecast the focus the sales and the cost is still up or farm a honey or starter or an e-commerce company like flip on a simply doesn't do that because the CFA is about learning and it's great at that it's about academics it's about learning the theory a CFM is about applying the theory you have lot to something that can help you in your job it can help you in M&A by helping you value companies it can help in every research but it helping you value would not be going off the to buy or sell or both understood so essentially the CFM is a role specific job specific of course that teaches you a skill the CFA is essentially or a program that gives you mortgage and it's a great loan which it sells it will tell you for this person is a dedicated person can work very hard but I don't know that person can actually make a model because you don't make the Morgans okay what can I learn and the CFM from the next question is what can I learn on the CFM from raoji oh that's exactly what we're going to cover right now so this is what I'm going to do this the CFM is in eight-week course that focuses primarily on my okay financial modeling to be exact using the pillars that I was talking about which means that week one spend time on understanding we understand the financial statements but in an excel sheet you'll be surprised how many people don't know what a balance sheet and the PNL looks like on an excel sheet they know what it looks like and in report but they don't actually know how to link things are we will teach you how to link that up the balance sheet and can state with an attachment so we will teach you basic overview of the of the financial statements we will help you oh this so okay so for instance here the curvaceous who will talk to you about what rich was important so when I was talking to you about you know about how to model our protein capital we will teach you of this way about liquidity ratios we will teach you about efficiency of issues our ratios are critical for trend analysis trend analysis is critical for forecasting the future because if you don't know the past and we only can study the past using ratios we study the past creative trend analysis and then we do something called are of sensitive sales method use of literature okay in v2 we go into details on how your model our specifics how do you model ourselves how many model our cash expenses what is the difference between the linear linear force and what is the difference between a step cost in a step cost how do we use the spinner to actually model out the step post okay what is the spinner okay very simple a spin on is something we use in Excel that will essentially like I don't know people have come in common later you're coming on late one but essentially the spinner is it helps you do as well as the step causes the process we need to move to a bigger of this every time I it bigger call center every time I add 20 people that is the steps right that's not very good a spinner Huxley model them out by swipe I am to say that every time I add sales over this money I need to essentially add in this many people automatically which will then automatically add in threat okay so that's a spinner we then load allowed capex and depreciation we will teach you about a model of capital working progress we will tell you how to do our fixed asset schedule which nobody knows coming ok a fixed asset schedule is what is required when you actually model or an entire business we model our definite interest payments current interfer that's just like we discussed obviously we can we three we focus on modeling modeling working capital which means are we going to use the four days that these days outstanding for monitoring for forecasting working capital or are we going to use percentage percentage of cost percentage of revenue or are we going to use for how do we get to network adapter and we also then try and understand later on how this impacts valuation which you will be surprised at how important of the capital is in valuation over scene v4 now you know how to link the three you know how to link the PNL talent in Nashville you know how to you know you understand that it's important to to report what the difference we hard holding and derivative cells are hard coding means punitive follow we will ensure that you know what level of detail will be reported each line item so it should well modeling on sales you're going to say the number of child comes from sorry if you want to say that revenue over Josh of course strong 150 is 250 degrees how long does it go from a hundred what are the line items and what is hundred rupees made of hundred rupees is made of price times quantity which means you need to model our price and you need moral or quantity but then how do you know what the price of chai is going to be tomorrow which means they need to do industry analysis you need to rational point team to understand the ecosystem of the chai business right how bm1 aloud so we then teach you how to do top-down forecasting and for them our forecasting and we the best way to do that is in a real life history which is which we would sit with you and we hope you understand the business from start to finish and you've been dug a model if we sell the stock price okay why don't you do that and you have your model that's the that you've got a base model ready what do we do with that base model we teach you how to we teach you how to forecast with one teacher evaluation is we assume that you don't know obvious you that you have base knowledge which we don't know nor much of elevation so we go through the basic approaches evaluation it is about income based valuation market-based validation detailed understanding of the DCF detailed understanding on the sensitivity analysis so that you know the theory before you actually just about we also to ensure that you have a certain amount of wool specificity to CFM we focus a little bit on M&A and private equity for instance how will you actually value or startup how will you work if what if tomorrow is the cut bottom intra what kind of more with what they have used to buy an answer how would they have valued of synergies okay what are the valuation challenges in M&A what are the valuation challenges in financial model how do you invest in a company how do you make a model for private equity how do you understand exits again that next brings us to a very specific models we will also teach you project finance models as well it's all how do you do a cash flow waterfall and also how do you model out an LV or what is an LBO now view is when a company uses debt when the company's is takes borrows on the company they fire the cash flows of company they're buying but then you have an entirely different model that you need more a lot because suddenly the company that you're buying will have deadlines balance it and that will make a huge difference to Monica's value in the first place how do you do a leveraged buyout model we also teach you on what our exits the if Flipkart buying Minister will have a very different valuation model to Sequoia putting in money infinite of interesting fun because Sequoia is going to get out for five years clip art is not going to get out of mints and fibers that's a whole different model these we then have to understand what is the valuation exit how do you more evaluation at exit step I the all of this of course and of course the project finance bill we will obviously also tell you teach you how to value a project okay how to model our project so let's say tomorrow you want to just do a ceiling how do the how do you value our ceilings are you how do you model of project finance project how do you can do that using IRR and cash flow and of course week eight through your joining in seven weeks obviously you're going to be able to for Excel right Excel is a big Excel is what how we teach this program but in the final week we will also teach you excel best practices are you've colorful how to use conditional formatting and model how would you actually use the spinners how do you use vlookup goal seek how do you use conditional nested-if functions how do you make a pivot table okay waterfall charts football feats for that division and these are critical and again this brings me to two of the questions that are where the questions two of the questions that I see from one Krishna Supriya how is it different from diploma ah different from the diploma and corporate finance okay we hold that for now I just want to discuss what can I learn whatever I see if their program gets it somebody can we get the see other program is different for the MBA for the SIP for the basic one the NVA would be over here this year performance takes me to it's based on itself okay Wow I know I don't know an MBA program that will teach you football fields or waterfall charts or or how to actually model something out holding your hand that's the key the CFM program is a job skill building program the MBA is a multifamily disciplinary theoretical one okay that's an academic program multidisciplinary epidemic for one this is a professional program that teaches you how to do a skill which will be useful to get job that's the key difference okay how does it tricia nuclear how is it different from the Diploma in corporate finance program the diplomat corporate finance program if i'm not mistaken is a six month it's a longer program it's a diploma program okay essentially what that means is we go into a lot it's not as long as an mba it will have all of these one it's not the CFM program is online or at the diploma or the corporate finance program is not an online it's a blend - it's a longer program but yes a large part of this would be taught in that program but you have this is shorter it's very very specifically designed for modeling and - hi this is Julia oh so your question is on whether there's anything more than just the hours that you learn in the classroom so again this is the way I notice that 8 week program where we do these classes every Saturdays and Sundays for three hours each which is about six hours or weekend I mean through this every single week for two months which takes you to 48 hours so and we've given you a detail curriculum that we capture we convey and you know that's how we must be company of this program across in this addition to negative life classes that you you know basically undertake online we are seeing a lot of content in the form of the PDF so reading materials if you miss that you cannot be take on the LMS itself so what I mean as soon as you register you get access to our elements that's the learning management system so I think you know what we'll do right now is we'll just quickly in a leaf on we have a few questions couple of defin that you like to that we like to ask you so I'm going to go launch a poll right away and I would request all of you to you know just answer this question according to get back to you so I will take the first Ferrari pose one second ah-choo yeah I suppose I must say - to this world of the program via traditional that absolutely again again the C does not teach you how to model if there's nothing too hard for us so most people who come to when I was a tremendous analyst of Company C is from NES and we would not know how to link three sheets together and for customer okay they would not know how to do how to do line at in forecasting they did not know the difference on why I'm modeling our event or the pair's would be different from modeling of directly what you do with it a little bit how do you model that out no idea how model are capitalized again no more idea how to balance statements for large we're going to the for the main issues that we need to warn balance and I mean balance balance shooter okay so that's the kind of stuff this program teaches you so on one hand yes this program teaches you to have a skill on the other end this program is a certification that shows an employer that you have the skill I cannot stress more importantly that how people investments I do not hire if the person does not know how to finance doesn't know how to create a financial model financial modeling is 30% of a job in financial services okay be it if you're in equity research feed if you are in M&A in corporate finance who are on Excel and you are doing okay for in fact the way that the dippity somebody else asked that remark is it if we talk talk to you presentation skills here is primarily itself and we let me tell you this is what comes into this cell don't want to be afraid most people are very afraid of because they apply Excel sheets and they're like oh my god how do I create a forecast how do I know what this company sales is going to be you next year so that's the question I get I tell them but madam how do we know how much are they going to drink tomorrow that's what I teach you I teach you how to do that I teach you how to say how are you how much child there are methodologies there are steps by which you want how to know how much are people over to drink and how to model that aim to create the business model that helps a while to buy this China I hope that helps how about this is here for programs should employ well in an interview in which jobs can this year than coffee I think Joey will take the first part of the question but I will take the second particle sure I'll just take the second point on the second what jobs the jobs are as and this this presentation has it the jobs will be across the across the financial services Investment Banking primarily M&A IPO equity capital markets venture gamble in private equity it will help you in in equity research to become an increased journalist none of these jobs were higher than through hot water but the great thing about this is also it is going to help you if you're okay it'll help you if you want to join your friends company as a startup and they do you won't know how to model out the business it's a basic skill right so even if you're not learning to go into must be 19 in a kind of way that's what see you give a friend private equity even if you are planning to start your own company or join someone's company knowing how to model will make you far more employable in person and it does not know how to flow faster and does not understand how or the value or what leveraged buyouts are I hope that works now thanks so I just think you know the first half of the question values become you know how so unless if I move to the next slide quickly which also answers this question I feel just go through the slide right there are gives three big elements that we do career assistance services automatic is learning so in addition to the 48 hours of the classroom training that you will get online apart from that at the end of it we also take you through a resume building activity where we help to refine and polish your resume using our templates now what this does is I think a lot of our CDs and our resumes look very identical to each other probably not you know so we are what we do is we have our own model resumes and we could map yours against those be you know find out deviances and then we help you to bridge those then the other thing we do a lot is we help to actually prepare for an interview now I think this is extremely important because you know once we conduct these mock interviews with you we also share the feedback with you which is you know as well as you know if there are anything if you know there are any good points so you get access to this again I think is extremely important because if you ask yourself you won't really get any feedback from the interview that you get the job or you don't and then in our case you know very very seldom do you actually go back from the interview on the feedback of how well you did or how well you did not so I think oh you know this is an activity that we conduct at the end of the program they resume and then we conduct an interview with you and then we also will share the feedback on your strengths and address your quizzes and apart from this the third thing we do is we also share the needs and references or formalizations who all things will actively hire enough talent again these are both from our private networks as well as our public sources which are from job portals and so if you have any more questions about abilities just career assistance services you can always reach out to us email address is on the screen it's eLearning at emeritus.com and of course alternatively you can also reach out to us on our all-india toll-free number it's also on your screen I hope this answers your question with respect to you know how can this program help at the time of the interview so I think you know these three things or make these three I make the key areas where I will make another question if there is anything or and of course if you have any ongoing questions and if you you know have any questions for us later you can always sort of an email our elearning item our tickets.com and you know we generally have a tendency to reply back of course you can reach out to us directly and I think if you are the 80 85 percent of you have asked us to reach our case in the meanwhile you have any other question you