We present another review of a KPO. This time it is Transparent Value, a global KPO company. We will talk about having a finance career here, the positive and negative aspects, salary scales and how to score better in its interview.
You should also check out our other KPO reviews.
Transparent Value: Company Overview
Julian Koski and Armen Arus founded Transparent Value in 2003 which was then acquired by Guggenheim Partners in 2009. The KPO specializes in equity mutual funds management and separately managed accounts. It’s headquartered in New York City (NYC) with offices in Mumbai and Chennai.
Global equity valuation, interactive research and indexing platform are core business features. Through their systematic business processes, they manage 2000+ companies in Europe and US on real-time basis. They founded the Required Business Performance (RBP) Investment Methodology where components of qualitative finance and fundamental analysis are used in the selection of stocks. The performance of stocks is analyzed through reverse discounted cash flow.
When analysts use historical performance to judge stock performance, it is called as Required Business Performance Probability. The RBP methodology is licensed with Dow Jones Indexes and serves as the base for Dow Jones RBP Indexes.
Career at Transparent Value
The management at Transparent Value realizes the role employees’ plays in its growth and therefore, they are committed towards assisting its team members to engage their full capabilities towards designated projects for growth and advancement.
They follow a rigorous recruitment strategy and a strong training program to ensure the right candidate joins Transparent Value, drawing upon their past work experiences and aligning it with Transparent Value career values. Each recruit has to complete the Transparent Value Training Program.
The KPO follows a merit-based culture where recruits are mentored towards gaining management and leadership skills. At every stage, they are given technical skills on an ongoing basis. You can check out current openings here.
Suggested: Read more about Financial Firms
Some positives of working in Transparent Value are:
Most employees give full credit to the KPO for imparting excellent training to new recruits. The training is detailed and result-oriented, teaching recruits to handle a finance position in a better way.
The training period is intensive with good and experienced trainers. The KPO is recommended for starting out a finance career. Their mentorship program and on-the-job classroom training program sails you through to the future.
2) Good Compensation and Hike
A lot of reviewers recommended the KPO for providing good compensation, especially for finance career beginners. Salary hikes are directly proportional to work performance.
3) Strict Office Timings
Surprisingly many reviewers considered fixed working time and its strict adherence as a negative aspect but we are placing it in as a positive aspect because if you see our other KPO reviews, employees grouse the lack of a ‘work life’ balance due to erratic work timings but here, Transparent Value clearly follows a defined work timing structure, enabling employees to maintain a better work and life balance.
4) Scope of Learning
Rigorous training exists but more than that, you get to interact with seniors and ask your doubts, you learn about financial modeling, valuation and cash flow analysis which prove to be in good stead if you decide to switch companies. Whatever you learn in the earliest stages of career should be taken seriously always.
Some negatives of working in Transparent Value are:
1) Work Monotony
It’s not a ‘negative’ feature but more of an occupational hazard.
Finance is monotonous, especially when you’re starting out as you have to perform the same tasks on a daily basis till you climb up the career ladder. You will be doing the same kind of work for 2-3 years so it’s natural to feel monotony set in.
2) Flat Organisation Structure
Some reviewers complained the existence of a flat organisation structure where the work is one dimensional and a proprietary model exists that restricts the scope of learning potential. There is less exposure to various valuation techniques.
3) Less Pay
Some felt they were not compensated as they should have been but I guess whether compensation is justified or not depends much on the individual level so we can’t draw a generic opinion.
Do note that the above perspectives are not of FinanceWalk but of actual current and ex-employees of the KPO reviewing on Glassdoor.com.
Salary Scale and Education at Transparent Value
Most of the Transparent Value employees hold MBA in Finance. The employee gender ratio is 67% female and 33% male.
25% of the recruits have less than a year of experience while 50% have experience between one to four years. The remaining 25% of the employees have experience between five to nine years.
The popular position over at the KPO is that of a Financial Analyst. The FA draws anywhere between Rs. 177,000 and Rs. 861,000 annually.
On the basis of skills, Financial Modeling expert earns about Rs. 600,000 annually whereas a person expert in Financial Analysis can earn Rs. 1,950,000 annually.
Employees with 1-4 years of experience can earn Rs. 2,050,000 annually.
Rs. 755,000 is the national bonus data of a Financial Analyst.
Overall, one can say that employees at Transparent Value are well compensated for their skills and experience levels.
Financial Analyst Job Profile
Since it is the common job position at the company, we mention relevant requirements here which will help you to prepare better.
The Financial Analyst has to build valuation models and update the existing ones based on market trends. You have to do extensive research, study company financial statement, assess company's business model and employ a proprietary model. You have to keep track of corporate actions and daily news releases.
Candidates with CFA, CA and PG or Masters’ in Finance are encouraged to apply.
You need to have strong knowledge of financial concepts, have knowledge about Microsoft Office application and understand variation valuation methods. Other than this, you are given one month of intensive training and two months of mentorship to hone skills.
Interview at Transparent Value
According to data found at GlassDoor, campus recruitment is the preferred hiring method and as you see in the screenshot below, the experience is 100% positive with the interview difficulty scoring 3.8 / 5 which is quite fair enough.
The interview consists of four stages and the process takes a maximum of one week to complete.
First, there is an online test which evaluates your understanding of corporate finance, security analysis, depreciation, accounting, economics and other related subjects.
Second, there is a written comprehensive test where a case study is given and you have to develop financial model and forecast future growth. There are questions on CAPM, valuations and capital budgeting.
Third, there is the technical round where you are grilled about corporate finance. It can easily go on for more than an hour; you are grilled on valuation and finance knowledge. Before the interview, a financial report is emailed and you are expected to study it, do analysis and come to the interview prepared.
Fourth, there is the HR round for personal interview and other related job aspects.
There are no special interview questions asked. A high scoring point in the interview is the technical round and you have to be excellently prepared for it to handle all the questions coming from the panel.
You are tested under pressure. Even if you are right, you are pressurized to feel that you are wrong, which is a way to test conviction and integrity in your own judgment.
If you are a fresher, there is almost nil scope of negotiation. An offer letter is instantly given if you clear all the rounds and upon acceptance, the formalities are carried out.