“Risk is directly proportional to reward,” said guest speaker Mr. Jitendra Kumar at the August 26 marketing conclave organized by Jaipuria Institute of Management, Lucknow.
Mr. Kumar is a Board Member, Securities and Exchange Board of India (SEBI) – the regulator of securities market in India. Held under the mentorship of Dr. Shubhendra Parihar, the session’s theme was “Careers in Securities Market.”
Mr. Kumar started of by reminding us that “[the] securities market is a subset of the financial market”, before explaining how SEBI was formed as an administrative body way back in 1988. However, following the liberalization andprivatization of the markets, as well as emerging trends in globalization and the Harshad Mehta scam in 1992, it was transformed into a regulatory body to protect the interest of investors.
To further explain why a securities market was required, its role, and the need for a regulator, he used the examples of the Sahara Parivar Investor Fraud case, the Great Depression of 1930 and the financial crisis of 2008. He also elaborated upon the concept of crowd-funding and ‘free riders’.
He discussed the wide range ofcareer opportunities in the securities market. This was especially important to the students in attendance, as many of them will soon be entering the job market. After the session, students appeared more informed and enthusiastic due to the rich learning experience.
Jaipuria student Arpan Kumar Chattopadhyay pointed out: “Today’s session was enlightening in terms of both theory and practical knowledge of booking and finance-related concepts.”Sanchit Mehrotra liked how Mr. Kumar explained the different concepts by correlating them with real life examples.
All in all, it was an informative session, one where we realized the securities market wasn’t as intimidating as it was made out to be and that there was a plethora of opportunities we could explore later.
Article contribution: Kumar Saurabh, Shruti Kirti & Nikita Srivastava (Sr. Campus Journalist)
Photographers: Sumit Chatterjee & Panshul Krishna