Certificate Program in

Financial Analysis,
Valuation, & Risk
Management
(FVR)
INDIA’S ONLY PURE Finance Career Opportunities

FINANCE FOCUSED
Growing in India

PROGRAM India’s equity market is now 5th largest in the world

in terms of market capitalization. The top 5 equity markets
FVR builds a solid foundation in in terms of market capitalization in the world are USA ~US$
48 trillion, China ~US$ 9.7 trillion, Japan ~US$ 6 trillion, Hong
core areas of Financial Analysis, Kong ~US$ 4.8 trillion and India ~US$ 4.1 trillion.

Valuation, Equity Research and

Risk Management.

India’s credit/ debt market is amongst the largest in Asia.

It includes government securities, bonds issued by PSUs,
government bodies, financial institutions, banks and
companies. Debt markets are now considered an alternative
route to banking channels for finance.

Employment opportunities for Financial Analysts in

India are projected to grow at a faster rate than the
With our FVR program, you can develop average for other occupations.
INDUSTRY-READY SKILLS
to take advantage of opportunities in the
FAST-GROWING FINANCE WORLD

Note - Above is as per 2023 data compiled from various sources.

 Risk
Management
Risk analysts assess risks faced by funds, banks, traders,
etc. Their job is to quantify risks, report objectively and
develop strategies to manage the risk.
Finance career paths in India offer diverse
opportunities, lucrative remuneration, and Trading
Treasury Traders/ Treasury buy and sell different financial
rapid advancement prospects driven by
products (bonds, equity, derivatives). Their role in
India’s growing economy. brokerages, dealers, banks, funds, corporates is to
optimize return while managing risk.

Broker
Dealers A brokerage acts as a broker (or agent) when it
Financial executes orders on behalf of its clients, whereas it
Analyst
Financial analysts analyse financial data, create
acts as a dealer, or principal when it trades for its
reports, and provide insights to support
own account.
decision-making for companies and clients.

Investment
Management
Credit Investment managers assist individuals and companies
Analyst in developing and managing their investment portfolios.
Credit analysts evaluate the creditworthiness of
individuals or companies seeking loans. They assess
financial data, credit histories, and market trends. Depending on level and experience, initial salaries for careers in Finance range from,
Internship Rs. 2.5 - 5 LPA, Analyst/ Associate Rs. 5 - 15 LPA, Senior/ Managers
Rs. 10 - 30 LPA. Based on performance, finance careers offer rapid advancement
and growth.
Equity Research
Analyst Equity research analysts analyse stocks, industries,
FVR program not only equips freshers and junior executives for roles like ones
and market trends to provide investment
mentioned above. It equally helps experienced learners to enhance their practical
recommendations to clients.
knowledge, “sharpen their saw” and achieve better performance and transitions
at their existing workplace.
 IMMERSIVE LEARNING
EXPERIENCE Live learning sessions
Live classes featuring hands-on practical
exercises and diverse examples

Industry integration Industry seasoned faculty

All topics are taught by experienced,
Integrated learning with industry readiness,
seasoned industry faculty
relevant projects, and assignments

VIRED
LEARNING
Practice & clarity
NISM preparation workshop EDGE
Practical understanding of core
Program offers the relevant financial concepts, using industry
conceptual understanding for NISM tools and prevalent practices
Research Analyst Certificate

Guided learning Self paced content

Doubt resolution sessions, detailed feedback, Pre-reads and post-reads to prepare and delve
practice mocks, and 1:1 mentoring deeper; session decks and worksheets to revise
key learnings and practice
CURRICULUM Corporate Finance, Financial
PROGRAM DURATION Modelling & Valuation
7 months
Financial Decision Making: Learn the art and science of evaluating capital
investments using net present value (NPV) and internal rate of return (IRR) through
Financial Analysis, practical exercises. Internalise time value of money. Understand financial risk and

Credit Analysis return, cost of capital, discount rate, hurdle rate etc.

Financial Analysis: Dive into the essence of financial analysis, exploring income Valuation: Understand enterprise valuation (EV) using discounted cash flow (DCF),
comparable company analysis (CCA), internalizing the importance of free cash
statements, balance sheets, and cash flow statements through practical
flows (FCF), weighted average cost of capital (WACC) and terminal value.
exercises. Develop insights into financial performance across diverse sectors,
understanding performance evaluation metrics like return on capital employed
Financial Modelling: Gain confidence in constructing financial models for
and return on equity. Gain appreciation of global financial statements and
decision-making and enterprise valuation.
understand various sources of financial information for public and private
companies.

Credit Analysis: Expand your financial acumen with credit risk assessment.
Experience practical examples and case studies on credit analysis, compiling a
credit note and gauging risk profile through live session activities.
Credit/Debt Market and
Foreign Exchange (FX) Market

Gain introduction to credit/debt market, understand default risk, credit spread

Bond Market and
sensitivity, and their impact on corporate bond pricing.
Valuation
Delve into the FX market, its structure, and key participants. Learn about exchange
rates, spot and forward markets, basic trading strategies, & associated risk
Gain comprehensive understanding of bonds, fixed income markets, and their
management practices.
valuation. Learn about par value, coupon, yield curves, and credit spreads, along
with bond valuation, yield to maturity (YTM), interest rate sensitivity and
managing yield curve risks.
 Program
Derivative Market, Options, Highlights
Swaps, Futures, Forwards

Explore derivatives, including options, swaps, futures, and forwards. Understand market structure, valuation, and 7-month
the use of value at risk (VaR) for managing market risk. Gain practical understanding of options trading, option
program
greeks, option contracts and associated risk management practices.

Live
Equity Research (ER) and classes
Equity Markets (EM)

Apply learnings from earlier modules and connect the dots to build financial model of a public company, conduct
historical financial analysis, forecast free cash flows (FCF) and perform DCF valuation and comparable analysis. Industry
Further, learn about economy, industry, company (EIC) analysis, get acquainted to the nuances of equity research experienced
report writing and build your own investment thesis. Conclude by presenting your ER project report and gain faculty
understanding of various equity research (ER) and equity market (EM) roles and opportunities.

Career
Technology for Finance readiness
sessions

Develop hands-on experience in Excel (used throughout the course) including Advanced Excel functions and features.
Attend boot camps, master classes & webinars on data visualization using Tableau, Power BI, etc. Gain appreciation on
use of SQL & Python in FVR. Learn how to use GenAI for personal productivity and get aquainted with its use cases in the
Financial Services industry. Develop a high level perspective on emerging areas in Finance – Fintech, Digitization, AI etc. Projects &
assignments

Masterclasses
on emerging
NISM Preparation topics, including
GenAI
Program offers the relevant conceptual understanding for NISM Research Analyst Certificate.
Attend workshop to prepare for NISM Research Analyst Certificate

Note- FVR Curriculum keeps getting updated and enhanced based on interactions with industry
 Free Cash Flow

Ratios Equity

PROJECTS
Performance Cost of Capital Bonds
Connect the various dots and apply your learnings with Projects and Assignments.
FVR Program keeps working with Industry to take up their live issues and brings the
same to its live sessions as Projects and Assignments
Credit FX Credit

Enterprise Value
Credit Emerging Issues
Analysis Understanding Financial Financial
Valuation
Analysis Markets

Credit Risk Fraudulent Credit

Transfer Equity Research Risk Management
Management
Project Project

Data Data Qualitative

Analysis Visualisation EIC Analysis, Financial Risk, Return,
Analysis
Forecasting Modelling Derivatives

Discount Rate

Economy Options

OUR INDUSTRY PARTNER

India’s first digital banking experience that helps you save better, shop smarter, Industry IRR NPV Futures
and borrow easily. As a neo bank without physical branches, they focus on
providing their customers with flexible and customized financial products. Banking
without boundaries is their mantra, and they provide various financial services to
meet that goal. Company Value at Risk

Pay Back
FACULTY PROFILES
GURUPRASAD SHIVAKUMAR
Jambunathan Bavamala

BSc Statistics (Loyola Chennai), PGDBM (TAPMI Manipal), CFA, FRM, CSPO B.Tech Aerospace Eng (IIT Madras), PGDBM (IIM Bangalore)

Guruprasad has over 18 yrs experience, across financial & credit analysis, Shiva has over 16 yrs experience, across financial services, bond markets,
equity research, business offshoring, policy research, product and project trading, risk management etc. plus entrepreneurial experience in F&B
management etc.

GAURAV RITESH
Arora Chandra

CFA & MBA (ICFAI University), Financial Modelling & Valuation (CFI) B.Tech (IIT Kanpur), PGDBM (IIM Kolkata), CFA
Seasoned Banker with over 15 years of experience in Credit Underwriting ,
Gaurav has over 15 yrs experience, across in training and development,
Trade Finance, Infrastructure Finance, Deal structuring & Regulatory
financial analysis, financial modelling, valuation, data visualisation, business
Compliance. Comprehensive credit experience spanning Large, Mid-size
analytics etc. and SME clients across industries

SHASHI DR. DEEPIKA

Bhushan Dhingra

B.Tech Mech Eng (IIT Delhi), PGDM (IIM Ahmedabad) BCA, MBA Finance, PhD (FMS Delhi University)

Shashi has over 23 yrs experience, across corporate strategy, consulting, Deepika is passionate academician with over 15 years of diverse experience
investment banking, M&A, corporate finance, fund raising and start-ups in academia coupled with considerable exposure to the industry teaching
Finance courses

LALIT DR. MANMEET

Fulara Kaur

LLB (Pune University), CFA (CFA Institute USA) MBA (Amity), PhD (FMS Delhi University)
Lalit has over 15 yrs experience, across financial advisory, M&A, capital
Manmeet has over 14 yrs experience of diverse experience inacademia
restructuring, valuation, business modelling, fraud advisory and extensive teaching courses in Finance, Financial Analysis and Financial Markets
experience in education and teaching

SAMBHAV SOUMITA
Golecha Mukherjee

B.Tech Mech Eng (RV College), MBA (IE Business School Spain) Bachelor Design (NIFT), MBA (GIM)
Sambhav has over 9 yrs experience, across financial analysis, data Soumita has over 15 yrs rich experience, across B2C Sales & Marketing.
analytics, equity research, corporate development and investor relations. She leads career and industry readiness preparedness & career coaching
at Hero Vired across programs

HALASYA RAJIV
Siva Bajaj

MSc Physics (IIT Madras), PhD Physics (Univ of Houston), CA, Executive MBA (ISB Hyderabad)
Executive MBA (Melbourne Business School) Rajiv has over 27 yrs experience, across financial analysis, management
H. Siva has over 23 yrs experience in data, AI and digital transformation consulting, coproate strategy, M&A, business growth, insolvency, distressed
research across Automotive, Aerospace, Telecom, Banking and Financial assets turnarounds. As Senior PD at Hero Vired oversees Finance and
Services and EdTech. Management programs.

Note - This is our current FVR faculty pool. Your courses live sessions will be taught by some of the above. We keep expanding and updating our faculty pool with industry seasoned faculty.
 CERTIFICATION*
LEARNING On the successful completion of this program, you will be eligible for:

HOURS

TOTAL
COURSE DURATION

7
SELF-PACED

Months
(READINGS AND
ASSESSMENTS)
150 Hours

150 Hours
LIVE ONLINE
(FACULTY LED)

CAREER SERVICE
20 Hours

OUR CERTIFICATION
TOTAL EFFORT TOTAL PARTNER
(Live learning + Self work) WEEKLY EFFORT

320 10-14 Hours

The BFSI Sector Skill Council of India brings leading organizations of the BFSI
Hours industry together to create standardized skill requirements for the various job roles
in the industry. Its mission is to upgrade skills to international standards through
significant industry involvement.

*Certificates are indicative and are subject to change

 LEARNER DEMOGRAPHICS

> 36 Yrs Delhi NCR

> 9 Yrs BE, BSC
~ 24 Yrs ~ 1 Yrs
10% Others 12%
15% 15% 15% 10%
MBA Mumbai
33 - 36 Yrs CA CFA CS 25% 15%
15% (Qualified or 15% 30%
7 - 9 Yrs 15% In Progress)

35% 30% 1 - 3 Yrs Kolkata 4% 18%

25% 25 - 28 Yrs 20% Bengaluru
25% 25%

8%
Others
Pune 13%

5%
29 - 32 Yrs
4 - 6 Yrs B.Com
Chennai Hyderabad

Age Work Experience Education City

WHERE OUR LEARNERS WORK

HEAR FROM
OUR LEARNERS

What I like most about

the program was the
Every facet
module on
of finance was
The
explored
Equity Research
real-time -Prayank Kanodia FACULTY IS
doubt-clearing
-Riddhima Sinha
PHENOMENAL
sessions -Promod Upadhaya

were extremely helpful

-Mary Evangline
Faculty willing
to go extra mile
The program is for the learners.
insightful and the curriculum -Pratibha Sharma Curriculum is
is easy to understand industry-relevant
Designed to help -Nimod Kawde & equips with the
me become necessary knowledge
industry-ready & skills
Course content was very
-T.Shome Sunduram
Premium comprehensive and covered
-Abhinav Puranam

Educational all the necessary topics

Program -Tejas Parashana

-Seema Aildasani
CAREER
TRANSITIONS

CTC Offered:
CTC Offered: Previous CTC:
16 + LPA
Previous CTC:

Fresher 3 + LPA 14 + LPA

Senior Analyst Analyst - Debt
Student Associate Analyst Restructuring Dept

Previous CTC: CTC Offered:

Previous CTC:
CTC Offered:
9 + LPA 17 + LPA
6 + LPA 9 + LPA Associate Consultant Treasury Manager
Sr. Associate Tax (Analyst)
Tax Associate

CTC Offered: Previous CTC: CTC Offered:

Previous CTC:

4 + LPA 11 + LPA 14 + LPA 18 + LPA

Area Credit Head Research Associate
Senior Accounting Analyst Accounts
Assistant Payable

CTC Offered: CTC Offered:

Previous CTC: Previous CTC:

5 + LPA 11 + LPA 8 + LPA 20 + LPA

Finance Analyst Analyst - Debt Consultant Market Risk
Restructuring Dept Manager
THE HERO GROUP
IN EDUCATION

The Hero group has made significant contributions in the

field of K12, medical education and higher education.

IN PRIMARY AND HIGHER SECONDARY EDUCATION

THE HERO STORY
The Hero Group is one of the leading business conglomerates in the world. The
company saw its humble beginning in 1956 when the four Munjal brothers migrated
to Ludhiana from Kamalia (now in Pakistan). As first-generation entrepreneurs, they
started out by manufacturing bicycle components and then rapidly expanding the
business. From there, they continued their growth story by diversifying and
deepening their expertise across domains.
IN HIGHER EDUCATION
Today, the US $5 billion diversified Hero Group is a conglomerate of Indian companies
with primary interests and operations in automotive manufacturing, financing,
renewable energy, electronics and education.
Reach out at us 18003093939 or email us at [email protected]