Showing posts with label General Guidance. Show all posts
Showing posts with label General Guidance. Show all posts

Sunday, 19 August 2018

Mintzberg Model: 10 Different Roles of a Successful Manager

Mintzberg Model: 10 Different Roles of a Successful Manager

Managers wear a lot of hats. Understanding these “hats,” and reflecting on how you’re wearing them, is the best way to grow as a team leader.
Henry Mintzberg, understood this and organized the roles of management systematically in his 1990 book Mintzberg on Management: Inside our Strange World of Organizations. Since then, the PhD from MIT and internationally renowned academic and author on business and management has gone on to stress the importance of practical application of business theory. Mintzberg maintains that management is often more art than science, evident in his very practical and applicable model outlining 10 Management Roles:



In his book, Mintzberg divides managerial work into three categories: interpersonal roles, informational roles and decisional roles. These roles require developing peer relationships, carrying out negotiations, motivating subordinates, resolving conflicts, establishing information networks, making decisions with little or ambiguous information and allocating resources. In this process, at different times, managers “wear ten hats” divided into the three categories:

Interpersonal Roles
The Figurehead: performs ceremonial duties. Examples: greeting visiting dignitaries, attending an employee’s wedding, taking an important customer to lunch.
The Leader: responsibility for the work of subordinates, motivating and encouraging employees, exercising their formal authority.
The Liaison: making contacts outside the vertical chain of command including peers in other companies or departments, and government and trade organization representatives.
Informational Roles
4. The Monitor: scans the environment for new information to collect.

5. The Disseminator: Passing on privileged information directly to subordinates.

6. The Spokesperson: Sharing information with people outside their organization. Examples: a speech to a lobby or suggesting product modifications to suppliers.

Decisional Roles
7. The Entrepreneur: Seeks to improve the unit by initiating projects.

8. The Disturbance Handler: Responds involuntarily to pressures too severe to be ignored. Examples: a looming strike, a major customer gone bankrupt, or a supplier reneging on a contract.

9. The Resource Allocator: Decides who gets what.

10. The Negotiator: Committing organizational resources in “real-time” with the broad information available from their informational roles.

Applying the Model for Improvement
As a manager, you may tend to shy away from some of these roles that you don’t favor i.e. you may tend to avoid monitoring and handling disturbances. Recognizing your strengths and weaknesses according to these ten roles can help you to develop your skills and knowledge and become a more well rounded manager.

ACTIVITY: Think about how much time you spend on each role. Write down the ten roles on a piece of paper and score yourself from 1–5 on each role with 1 being “Very skilled” to 5 being “Not skilled at all.” Consult the list below for improvement tips in the roles where you scored the lowest.

Tips for Improvement
Figurehead: If you struggle wearing this hat, start with cultivating humility and empathy. Focus on using your energy to be a good role model and become more aware of your image and reputation and how you can consistently display model behavior.
Leader: Anyone can be a leader, but not everyone can be an authentic leader who is respected by his or her team. The most important skill here to develop to improve is emotional intelligence.
Liaison: Not everyone is comfortable being a networking ham, but it’s part of the job. You can start by attending small networking events and work your way out.
Monitor: The challenge of this aspect lies in its details. Become a better “skimmer” so you can scan through a lot of information and get to the big picture without experiencing information overload. It’s also important in this area to keep up with industry news.
Disseminator: If you struggle in this area, work on improving your communication skills. Knowing not only what to share, but how and with whom. If you have difficulty expressing things properly, engage a colleague to help in the beginning with proofreading or being a second pair of eyes as you adjust in this role.
Spokesperson: This is an area where a lot of people feel challenged. Read blogs and research how to deliver great presentations and how to deal with the media. Speak with your company leaders to discuss how the company’s brand or image should be represented in the community.
Entrepreneur: Work on problem solving and creativity skills or again, if this is not your strength, employ colleagues who excel here with brainstorming sessions or “crazy ideas” meetings. In addition, change management is a huge necessity in this area.
Disturbance Handler: You can read up on how to handle team conflict to improve your conflict resolution skills, but it may also be helpful to constructively coach team members who have a habit of bringing emotion into the office.
Resource Allocator: To wear this hat, prioritization is key. Take advantage of online tools and systems for this as well as budgeting tips.
Negotiator: Read about Distributive Bargaining or Win-Win Negotiations to beef up your skills. Role playing can also be an important tool here to strengthen your ability to negotiate.
Every manager can use a little help. Visit taskworld.com to learn why managers in over 4000 companies across 80 countries use Taskworld to improve their team’s performance

Monday, 13 August 2018

Target JAIIB and Its strategy

Target JAIIB and Its strategy

If you have just joined the banking Industry, you must have applied for JAIIB or if not yet, you’ll be applying soon. And one thing everyone wants to know is how to pass JAIIB in first attempt. The obvious reason for clearing JAIIB i.e., Junior Associate of Indian Institute of Bankers is to get an extra increment. So sooner you pass the JAIIB exam, earlier you get an extra increment. If you have joined as Scale – I Officer (P.O.), your initial basic salary would be Rs.23700 and if you clear JAIIB, you get one increment and your basic salary increase by Rs.970. So, if you miss it first time, your increment gets delayed by 6 months. That means loss of Rs.5820+DA. So it becomes important to clear the JAIIB in first attempt itself.

JAIIB exam is held twice a year (June and December) and around 1.50 lacs candidates appear for the exam. Only 22-25% candidates are able to clear the exam each time. So, does it mean that JAIIB is difficult to crack? What should be the strategy to clear the JAIIB in first attempt itself? How one should prepare for JAIIB.


Passing marks for JAIIB are 50% aggregate and 45% in each subject. If aggregate marks are less than 50% or marks in a particular paper are less than 45% but you score 50% or more in any subject, you do not qualify the exam but you need not give that particular paper in next attempt, in which you score 50% or more.  The best part of JAIIB exam is that result of each paper is shown to you immediately after you submit your online exam.

Simple steps to prepare for the JAIIB exam

Take off the burden from your mind, you are required to score only 50%, which is not very difficult. And the good thing is that there is no negative marking.

Here is a simple step by step guide which will help the bankers to be prepared for JAIIB.


If you come from finance or commerce background and have studied B.Com, MBA (Finance) etc., it is relatively easy to crack the JAIIB. Because you would have studied atleast 60% of the topics covered in JAIIB. If you are not from commerce or finance background, you need to make little extra efforts

Preparation strategy for JAIIB examination:
JAIIB exam needs some dedicated preparation to crack the exam, especially for the non commerce graduates. Many young bankers prepare for the exam only during the last week; Then they write one paper after getting low marks, they simply give up the attempt. Some take two days leave before the exam and prepare for it eventually they fail because of shortage of four or five marks. These strategies may work for few talent bankers but not for all.  After our busy working hours, daily we have to spend some time for preparation of the exam. Since most of us are very new to the banking industry and its concepts, we need regular revisions to familiarise with the concepts.So all it needs a self disciplined and determined mind to prepare for the exam.
Allocation of Study time:
Daily we need to spend at least 1 1/2 to 2 hours a day for preparation of the JAIIB exam. Cramming before the exam night or before two days won’t help for understanding the information. It may help for few direct questions but it won’t be useful for complex questions. Also we wont have enough time to complete the sy1llabus and will lead to anxiety & stress. Sacrificing our sleep before the exam night will also make us counterproductive so it better to study every day.
Importance of Studying daily:
Studying daily and revising regularly helps to familiarise with concepts. It also helps us to understand the information. Having a study routine is not only helpful for exam but also improves our reading habit which every banker needs, as our industry is very dynamic. In our hectic banking hours finding time for continuously 2 hrs a day is very hard. But having small sessions of 30 to 40 minutes thrice in a day is easy to find. In the era of smart phones, we can study anything at anywhere so when you find a spare time please use it.
Study Material:
For preparation, I strictly recommend the three comprehensive courseware developed by IIBF, published by MacMillan for each paper. These books are not only helpful for the exam but also for our Banking career. If you really want to pursue your career as banker then these books are must and fundamental. They act like a reference manual for us. So my humble request to all, please don’t prepare only for clearing the exam; Kindly prepare with the motive of improving knowledge in the banking field. Because the knowledge gathered during our JAIIB exam will also aid us during our day-to-day banking life.
Apart from the MacMillan books, the books and work books prepared by JAIIB coaching centres such as N S Noor, Deewan Banking Academy etc,. are also available in the market. Mostly they are good but not comprehensive and may not have clear explanation for some topics. All the books are about same cost, so I recommend the Macmillan books

They are many free study material is available in the facebook groups and in websites also. If possible get that too for your reference but my best suggestion is to buy Macmillan books. The amount spent is more than worthy, the book will be useful for our banking career.
For Latest developments & Current affairs related to Banking Industry:
Apart from the above syllabus we need to refer the following for full preparation of the JAIIB exam.
1. Current developments in Master Circulars/ Master revisions issued by RBI
2. Websites of RBI,  SEBI, BIS, IRDAI, FEDAI for reference and development in concerned subjects
3. IIBF Vision and Bank Quest published by IIBF for the members it is free and sent to email id.
4. Financial newspapers/publication can also be referred for current affairs.
5. New Government Schemes related to banking sector.
Nature of Questions:
Depending upon the complexity of the question, the marks of the question varies.
0.50 mark – Direct question which requires one word answers. Answer this questions with 100% accuracy. Most of these questions are from definitions, types or classification, abbreviation, simple explanations etc,. So at least read and go through all the topics in Macmillan Book twice.

Planning a study schedule:
Now we have allocated our time and purchased  & collected the necessary materials for preparation of JAIIB exam. Now, “What is next??;” Having a strategy/plan/routine schedule for preparation of JAIIB Exam. Strategic planning is important for any activity because it provides a sense of direction and evaluation of progress in our efforts towards goal. A goal without a plan is just a wish, so please make a plan and try to stick to it.

We have already seen the JAIIB syllabus here. In order to pass the JAIIB exam all we need to do is to get 50% of marks in each paper within four consecutive attempts. So we don’t need to study all modules deeper and do research on each topic. If we cover 75% of the syllabus for each paper is enough to get more than 50%.



The strategy and study plan I discuss below are just an example for understanding, viewers and readers are instructed to prepare their own schedule based on their level of knowledge and skills in each subjects.

Overlapped Topics:
Some topics of a paper is also a covered in other papers and questions can be asked in any of the paper. For example AML/KYC is also common for Accounting & Finance and Legal & Regulatory aspects of Banking. Since questions can be asked in any of three exams from this topics, prepare for the paper which has most topics & sub-topics in that particular subject. Also revise the same when you need to prepare for the overlapped topic.

Study Plan: Principles & Practices of Banking:
In my view this is the easiest subject to pass when compared to other papers. Because in this paper, all the topic are conceptual and mostly related to our day-to-day banking activities. Hence most of the topics (not all) are already familiar to us.
Module A: Indian Financial System
Read and understand all the topics and sub topics without any omission.
If possible take notes in the form of snippets this will help for revision of the topic. Since we all new to banking terms repeated revisions are required for this module.
We can expect 20 to 25 marks in this unit.
Question from current development is asked from this unit.
Prepare to score all the marks from this module.

Module B: Functions of Banks
This unit is also important and all the topics should be thoroughly studied.
We can expect 20 to 25 marks from this unit.
This unit is also needed repeated revision so taking notes while studying is recommended.
Question from current development is asked from this unit.
This is also the our scoring section, prepare in a way to get all the marks from this module.

Module C: Banking Technology
If your are techie, take full 6 hrs and study thoroughly.
For techies, this unit helps to surpass the minimum marks comfortably.
Others prepare in a way to answer the direct question from this module.
From this unit we can expect 15 to 20 marks.
We can expect question from latest development in Banking related to IT.

Module D: Support Services & Marketing of Banking Services/Products
If you are BBA or MBA and studied marketing related concepts in your graduation then take full 6 hrs and thoroughly study the unit.
Others prepare to answer for direct questions.
We can expect 10 to 15 marks from this unit.


Study Plan: Accounting & Finance for Bankers:

Many bankers treat the Accounting & Finance paper as tough. The main reason is cramming of information won’t work here like other papers. Since here we have to study, understand and apply the concepts, we need to study regularly and practice. So a good study routine is must and here all the modules are important for exam purpose as well as for our knowledge. So there is no skipping of modules in this paper and give importance to all topics.

Module A: Business Mathematics and Finance
This is a must read and must know module for all bankers. So don’t even skip a small topic.
Since these module is mathematical in nature, write down all the formulas and go thorough it daily.
Practice yourself with formulas by assuming different values from the exercise and solved examples.
Don’t ever fail to take notes and snippets for formula’s explanation & applicability.
We can expect 25 or more marks in this unit.
Understanding of calculation and concepts is must so that we can answer confidently if the questions are twisted.

Module B: Principles of Book Keeping and Accountancy
This unit is also important and all the topics should be thoroughly studied because if we are in bank we should know the accountancy.
We can expect 20 to 25 marks from this unit.
Understand the concept is key for this paper. Don’t mug-up; if you cannot understand a topic just ask your B.Com friend. Or ask him to simply explain the basics of accountancy.
This unit is also needed repeated revision so taking notes while studying is highly recommended.
This is also the our scoring section, prepare in a way to get all the marks from this module.

Module C: Final Accounts
This unit is the most important and very useful for our day-to-day activities.
This unit is conceptual as well mathematical.
So take notes for formulas and revise it.
B.Com friend is the best mentor for this module.
From this unit we can expect 20 to 25 marks.

Module D: Banking Operations and Accounting Functions
This unit is comparatively less important but good preparation of this unit will help to score the pass mark.
This unit will have many overlapped topics
Prepare to answer for direct questions.
We can expect 15 to 20 marks from this unit.
Question from latest development can be asked in this module.


Study Plan: Legal & Regulatory Aspects of Banking:
Many people underestimate the legal paper and say this exam is very easy to clear. This is purely a law oriented paper, so many of the legal terms used in the topics are new to us. In order to familiarise and to understand those topics, we have to spend more time for this paper. Also good memorization skill is required to remember the numbers & data. All the modules are about equally important, hence don’t skip a topic.

Module A: Regulation and Compliance
This is a less important but easier module compared to other modules of the paper.
This module is full of theory related to Banking Regulation and its compliance.
Don’t ever fail to take notes and snippets for explanation & applicability.
We can expect 15 to 20 marks in this unit.
Question from latest development can be asked in this unit.

Module B: Legal aspects of Banking Operations
This module is a foundation and must study.
Understand the concepts and definitions for legal terms
Take notes, Take notes, Take notes and revise it until having a clear picture about the topic.
This is a scoring module so prepare well.
20-30 marks can be expected from this unit.

Module C: Banking related laws
A toughest module and it is a must study for all
Repeated revision is required to remember the numbers & data.
This unit will consume more time and make us feel bore. So study the topics in different sessions of 30 mins.
We can expect 25 to 30 marks from this unit, so it is a mark scoring unit.
Question can be asked from current developments or amendments so update accordingly.

Module D: Commercial Laws with reference to banking operations
This module is conceptual and also requires memorization too.
Some of the topics are common with Module D of Paper 2: Accounting & Finance.
This also a scoring module we can expect 20 – 25 marks from this unit.


On the actual test day
Choose the easy questions first as they will give you an estimate of the score. Then come back to the questions which were missed. Also, there is no negative marking, so attempt all questions. If you stuck in a question, leave that by marking and go ahead.

We hope this will help you out to pass the JAIIB in first attempt. If you have any queries/ suggestions, please write in comment box below.

Conclusion:
The time period mentioned above are for studying those topics at least one time and indicative for understanding. It will vary depending upon personal capacity, skill and knowledge in the subjects. So prepare your own study schedule and stick with it. Remember a determined and self disciplined mind is key to the success. So whatever the strategy you follow for JAIIB examination make sure you are sticking with your plan and be true to yourself.

One Member Review for CAIIB Exam: Nice review for New Comers

Maiden attempt of CAIIB and I am through. I dnt mean to boast about myself by writing this post here. Here am I sharing my strategy of studies... 

1) Dint apply some magical tricks or shortcut,so you must be thinking I must have studied way too hard or probably must have prepared for a long time. The answer is no and neither m I a genius.
Simple it is: Went through Macmillan text books 

1 week of proper study per subject is sufficient provided you practise the practical questions. If you are working in credit it will help you answers questions in ABM with ease.
I found ABM relatively tougher this time compared to BFM as it involved lot of practical questions from statistics which I had ignored.So advise is do not ignore statistic portion's sums. 
BFM requires little more hours are required as the course is lengthy and people with non finance background will have to give little extra time compared to people who are MBA or basically from financial background.The sums here needs little practice and understanding, mugging up won't help. So read the text first, create a base and then you will be able to answer questions based on concept. As I came across many questions this time asked on concepts. These questions are not available in the book readily. I started preparation a week before, so that doesn't mean you also have to do that. 
I repeat it depends on your liking and understanding on the subject. And finally Retail is just a cake walk, in mine case it was a day before exam and if you have studied marketing in your PG/MBA, it would be easier to answer questions based on your understanding and yes, logic works!! 
And finally the questions posted by other members who had appeared during the morning sessions helped me answer many questions.Many were repeated. Thanks to all the members here and congratulations to everyone who made it. Those who couldn't better luck next time. As they say "Its ok to fall but the moment you fall, you have to have the motivation to rise again, but this time higher!!!! Thanks to Sir for all your support and guidance. You deserve a bow!!! And here it is . All smiles 

CAIIB BFM Strategy


 CAIIB BFM  Strategy

BFM   

The strategy for the study of Bank Financial Management which many people finds difficult to clear. If you study properly, it is easy to clear the BFM. This subject also contains 4 modules, they are;
-International Banking
-Risk Management
-Treasury Management
-Balance Sheet Management
Many people do not correlate the syllabus of the subject with day to day banking activity. So they find it difficult to score and understand this subject. But this not true, this subject is very much important which will increase your knowledge regarding top management & middle management functioning of your bank as well as banking as a whole industry.
All the modules are equally important, but you may clear the paper with three modules study also. Module A & B are relatively easy and scoring as well. Let us discuss strategy for each module.
Module A-International Banking
Important topics are Exchange Rates and Forex Business, Basics for Forex Derivatives, Documentary LC, and Facilities for Exporters & Importers
Rapid reading or bullet point reading is quite useful for this module. Practice numerical again and again.
Many numerical/case studies are asked from this module which are quite easy as compared to Module B & Module D case studies. Refer the case studies from McMillan given at the end of the topic. Also N.S.Toor book has many numerical and case studies. Questions are asked on Exchange rates, Shipment Finance etc.
Module B-Risk Management
All chapters are equally important as they are interlinked to each other. Again focus more on case studies/numericals given in Apendix at the end of chapter. Maximum case studies are asked from this module. Though short notes are useful for this module I would suggest McMillan reading for this module because some questions are twisted type for which you require details of the concept which is hard to get from short notes. RBI website contains FAQs which are quite useful for this modules, you should read them at least once.
Module C- Treasury Management
Important topics are Introduction, Types of treasury products, Treasury Risk Management, Treasury and Asset-Liability Management.
Mostly questions asked on this module are theoretical type, so through reading of McMillan is important. If you don’t get time then you can skip this module or read short notes since the weighted of this module for exam point of view is low according to me as compared to Module A&B. But those who wish to make carrier or work in treasury department, this is the best module to learn.
Module-D Balance Sheet Management
Important chapters are Components of ALM in Bank’s Balance Sheet, Capital and banking Regulation,, Capital Adequacy, Asset Classification and Provisioning Norms, Interest rate Risk management.
Though McMillan book contain sufficient material but I would suggest you to refer RBI website for this module. In this module focus more on Case Studies as compared to theoretical questions. Do not skip this module as it is much important for exam as well as knowledge point of view. No need to read McMillan line by line.
Overall you have to keep balance between theoretical reading as well as case studies/numerical since the paper would contain 40-45% case studies. N.S.Toor book contains good case studies and MCQs. Also there are many resources available on the internet from where you will get case studies for this module. After giving this paper you will realized that BFM is easier as compared to ABM and no need to worry for BFM.

CAIIB ABM Strategy

CAIIB ABM Strategy

ABM is one of the compulsory subjects for CAIIB. Most of the people find difficult to clear this paper. Today, I will tell you how to study for ABM subject.
This subject also contains 4 modules
MODULE – A: Economic Analysis
MODULE – B : Business Mathematics
MODULE – C : HRM in banks
MODULE – D : Credit Management
As we are bank employees we get very less time for study, so how to decide which topics to be read, which topics to be skipped?
-As I had told you in my previous blog article that generally paper consists of 60% theoretical & 40% numerical or case studies, so choose the module to be study in deep so as to clear the paper easily depending upon your personal strength and weakness.
If you observed all the modules, you will realize that Module A and Module C are most scoring modules. Do not skip these modules. Module B contains Business Mathematics which many people find difficult to study as the level of mathematics is tough, especially for non-engineering background people. Those who works in Credit/Loan Department will find that Module D easy as well as interesting. Module D is most important not only exam point of view but also for your daily working in Credit Department. So do not skip Module D.
IMPORTANT TOPICS FROM EACH MODULE
Module A- Supply and Demand, Money Supply and Inflation, Business Cycles, GDP Concepts and Union Budget.
No need to read McMillan Book line by line for thise module, short notes will be quite useful for studying this module. Don’t read stats given in these chapters. In GDP Concepts and Union Budget chapters numerical are asked which are quite easy provided you know the components and formula.
Module B-Time Value of Money, Sampling Methods, Simulation, Bond Investment
Don’t go to deep for study this module as mathematical calculations are difficult to understand especially for non engineering background people. Practice the examples given in McMillan. Those who are not good at math can skip this module and focus more on remaining modules.
Module C-Development of Human Resources, Human Implications of Organisations, Performamce Management, HR & IT
You need to read thoroughly all the topics from this module from McMillan. It is quite easy and theoretical only. Repeatedly read MCQs from N.S. Toor book of this module.
Module D-Overview of Credit Management, Analysis of Financial Statement, Working Capital Finance, Credit Control and Monitoring, Rehabilitation and Recovery.
Read this module from McMillan book only. The chapters in this module are not lengthy as compared to other modules. Practice Numerical from Financial statement and balance sheet.
Overall, you have to study at least three modules in detail so as to achieve the 50 score. You can choose the modules to study more depending upon your strength. I would suggest that you can keep module B at last, just read formulas from this module, as this module is quite boring, lengthy and hard to understand.

CAIIB Elective selection

CAIIB Elective selection

1 Corporate Banking
  Aspirants working in Corporate Banking section should take this paper.  Also persons working in new Private Sector Banks are also recommended to take this paper.
Difficulty: Moderate Tough
2 Retail Banking Universal paper for CAIIB aspirants. Many bankers are feeling that this is the easiest subject to pass. Because most of the concepts in this subject are already familiar to us. So it is easy to study and understand the concepts. Recommended for bankers who wants to clear the exam with the motive of increment and promotion.
Difficulty: Comparatively easier than all papers but question can also be made tough.
3 Rural Banking People who are working in the RRB and want to purse their career in RRB must take this as there elective. Also bankers who has strong desire to serve the rural regions and will be working more than one year in rural areas can also take this subject. If you know about agriculture and its related government schemes related to it, then appear for this paper.
Difficulty: Tough

4 International Banking This is an important sector/department of the commercial banks. So persons who has strong desire to work in International Banking Division should prefer this paper as their elective. Banker’s working in Forex Branches also recommended for this elective.  For bankers who wants to have vertical growth in their banking career can also take this paper.
Difficulty:  Toughest of all but good for banking career.
5 Co-Operative Banking Must for persons working in cooperative banks. Others please stay away from this paper.
Difficulty: Moderate
6 Financial Advising Persons who has good knowledge in finance or has finance degree must take this paper.  Can be taken by persons who want to clear CAIIB for increment and promotion because of easy to understand concepts.
Difficulty: Tougher than retail banking but easier than all.

7 Human Resources Management Must for persons completed MBA in HRM. Others please stay away.
Difficulty:   Moderate for MBA in HRM and Tough for others.
8 Information Technology Techies and persons having computer knowledge should take this paper. Others stay away from it. Nowadays importance of IT oriented products are increasing day-by-day.
EASY: Easy for techies. Slightly tough for others.
9 Risk Management This is an important and specialized sector/department of the commercial banks. So persons who has strong desire to work and persons working in Risk Management  should take this paper as their optional

Difficulty: Slightly easier than International Banking paper and tougher than all.

10 Central Banking If your want to know about RBI then take this subject.
Difficulty: Tougher than Retail Banking paper and easier than all. If you want to clear CAIIB only for increment you can try.  But you should have decent economics knowledge.1
11 Treasury Management This is an important and specialized sector/department of the commercial banks. So persons who has strong desire to work and persons working in Treasury should take this paper as their optional

Difficulty: Slightly easier than International Banking paper and tougher than all.

Ten Mistakes to avoid while preparing for CAIIB exam


  Ten  Mistakes to avoid while preparing for CAIIB exam



1.Not allocating sufficient amount of Study time daily:

This is a very common mistake done by many CAIIB aspirants, Cramming the information before the night of the exam or before two days may helped you in JAIIB examination (Although it is a wrong way of preparation).  But here in CAIIB examination it won’t help you to even score thirty marks. A thorough understanding of concepts are needed for almost all topics so having a daily study routine is must for all aspirants.

I know it is very tough to find time during our busy banking hours. If you don’t have time for continuous 2 hrs then split the study hours into three or four sessions of 30 to 40 minutes a day. Since syllabus of CAIIB subjects cover many topics; In depth understanding of each topic is also needed to answer questions that test our knowledge, analytical skills and problem solving skills.  So daily allocating sufficient amount of study time is necessary.

2.Not having clear focus on optional paper:

Selecting the correct optional paper and having clear focus on it, is must for successful completion of CAIIB exam. Although the Retail banking and Financial Banking are easy papers to clear, You need choose your optional paper based on your knowledge, interested areas in banking and career development. Don’t follow others recommendation for optional paper blindly. You have to analyse and decide your optional paper.

Remember CAIIB is not only for increments; it also provides many useful theoretical knowledge in different areas of banking.



3.Not learning the basic concepts:

Every topic of a subject has basic and fundamental concepts to be learnt by heart. Learning them thoroughly makes us to understand the more complex concepts. Complex concepts are nothing but complex combination of simple and basic concepts. We should have studied the fun1damental concepts in JAIIB (who knows it now ;P ;)). If not revise it then and there when it is required.

To learn the fundamental concepts of economy, business maths, accountancy you can refer more books from your commerce background friends. Remember learning complex concepts won’t be useful if you don’t understand the fundamental concepts behind them.



4.Not understanding and giving importance to syllabus:

In any examination if we want to pass that exam we should thoroughly understand the syllabus first.  Because understanding the syllabus will give us a clear picture of what we are going to learn. We also get some insights about the subject. It also helps us to have an idea whether we are familiar with that topic or not. This will help you to assess the complexity of the subject and how much time you need to spend with a topic.

Give importance to syllabus helps to choose the right books for our preparation. Because there are materials that doesn’t cover the full syllabus (only the main areas of the syllabus) are available free in many study groups and websites. Aspirants who doesn’t aware of syllabus simply read those material and attend the exam.



5.Not having a preparation strategy and study plan

This is a common mistake many aspirants do, thinking there is no necessary for planning your study. They even think it is a waste of time. Whatever excuses we give, having a preparation strategy and study plan is must for any type of exam. It will help us to be goal oriented and stay focused of our target. If you do your targeted studies every day, it will make you motivated. As your progress through your schedule you will feel relaxed and your stress level for exam is reduced.

Creating a schedule will hardly take one to two hours of your time. While creating a schedule of your own you will also analyse the syllabus. There are many benefits can be pointed for having a good study plan. Though the initial effort may look too much; But the benefits are fruitful and long-lasting.

6.Not taking effective notes while studying itself

Many aspirants not even consider taking notes is a part of study. While studying if you take notes you will give importance to details. Giving importance to details will make you to ask more questions and to find short answers for it. This enhances your understanding about the topic. It also makes you to break down the contents of your learning in an easy way. Therefore your memory increases and whenever you see the notes you can recollect the content.

Thus taking notes helps you for better and easy revision. I know it is time consuming but once you are familiarised, it will be easy for you to take notes. Because your eyes can spot the important detail easily; Your mind organise them with an analogy for easy remembrance.



7.Not solving and practising mathematical problems:

Unlike JAIIB, here calculations, formulas and case studies are very important. You definitely need to solve all the problems in your study materials and work books you got. Don’t simply study a formula using one example of a problem related to it. Change the parameters and create problem of your own then solve it. By doing so, you will learn about importance of each parameter of the formula.

Practice, Practice, Practice!!!!!. There is no replacement for practising when solving problems, case studies and balance sheet analysis. When solving problems related to Balance sheet also use the same method as described above. There by we can improve our problem solving skills and analytical skills



8.Not revising the topics regularly:

Many aspirants ignore the importance of revising, stating there is no time for revising. If you are not making study plan you will not even find time to complete the syllabus. So no excuses, use your notes to revise the topic at regular intervals. For example every Sunday spare  20 to 30 minutes for revising, in addition to your study time.

 “Revise little but often” is the key strategy. Repeated revision make you feel bored and gives a feeling “Ahh!!! I know it. Don’t need to study”. But it makes you to master a topic; If five questions are asked from a single topic for knowledge testing; You can answer all, with 100% accuracy. 

9.Not learning from the mistakes:

The biggest and costliest thing is learning from your mistake. If you have failed in an attempt, accept the failure and analyse where you lacked. When I say accept your failure that doesn’t mean to blame yourself. It means asking yourself questions related to find the cause of the failure. What is the main reason for non completion of the syllabus? In which topic i should improve my knowledge? etc,. How can I improve my reading ability further?

The answer to the questions should not be too general. It should be specific to spot your weakness. When you find your weakness please work on it. Nobody is perfect in the universe; So find your weakness and mistakes; Try to rectify it before your next attempt.



10.Not using the technology for proper and effective preparation of exam:

Because of the technology we can study anything from anywhere. So use your mobile, internet, websites, facebook communities,forums and blogs etc,.You can get any information from internet in just a single click or a single press of your finger. I am not saying you to depend on them but to use them as effectively as possible. So do your search whatever you feel useful subscribe to them.

Also many websites offering free mock test use them to test your knowledge. While giving mock test take it as serious as an exam. Then only you can know your time management under pressure and boosts your confidence