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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