CERTIFIED ANALYST PROGRAMME

CRISIL CERTIFIED ANALYST PROGRAMME

Batch VIII (2014-2016)

FINANCE on your mind? CCAP catalyses your aspirations

Message From The President, Human Resources

Dear Aspirant, Congratulations on choosing to enroll for the CRISIL Certified Analyst programme (CCAP)! Over the last 26 years, CRISIL, an integral part of Standard & Poor's global network, has evolved into a global analytical company providing ratings, research and risk and policy advisory services. Along the way, CRISIL has also come to be identified for its innovation-driven people, processes and initiatives. The immensely successful CCAP is a testimony to the values that CRISIL stands for. CCAP's work-cum-study format is a unique, optimised blend of learning and application that grooms one into a truly world-class finance professional. It is a matter of great pride and joy that even as CCAP enters its eighth year in 2014, the past five batches have already set a new benchmark in the industry. From the last two batches onwards, all CCAP participants have been joining us as CRISIL employees from the very first day of the programme. If you think you have what it takes to succeed in the intensely competitive domain of finance where challenges are just a way of life, we are here to help you realise your potential. I look forward to having you on board with us!

Best Wishes, G. Ravishankar President, Human Resources January 2014

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About CRISIL
CRISIL is a global analytical company providing ratings, research, and risk and policy advisory services. We are India's leading ratings agency. We are also the foremost provider of high-end research to the world's largest banks and leading corporations. With sustainable competitive advantage arising from our strong brand, unmatched credibility, market leadership across businesses, and large customer base, we deliver analysis, opinions, and solutions that make markets function better. Our defining trait is our ability to convert data and information into expert judgements and forecasts across a wide range of domains, with deep expertise and complete objectivity. At the core of our credibility, built up assiduously over the years, are our values: Integrity, Independence, Analytical Rigour, Commitment and Innovation. CRISIL's majority shareholder is Standard & Poor's (S&P). Standard & Poor's, a part of McGraw-Hill Financial (NYSE:MHFI), is the world's foremost provider of credit ratings.

Our Businesses
Ratings
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Global Research & Analytics

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Indias first, largest, and most prominent credit rating agency `36 trillion of debt rated Market share in bank loan ratings exceeds 50 percent Rates two-thirds of bonds outstanding in India Highest number of outstanding SME ratings in India

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Largest and top-ranked provider of high-end research and analytics to the worlds largest financial institutions and leading global corporations Works with 12 of the top 15 global investment banks Client list includes 30 Fortune 500 companies, across a range of industries

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Research
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Indias largest independent research house, providing comprehensive research coverage to more than 1200 Indian and global customers Provides coverage on 70 industries 90 per cent of Indias commercial banks are our customers Largest independent equity research house in India Official provider of valuations to all mutual funds in India Helps Employees Provident Fund Organisation (EPFO) select fund managers

CRISIL Risk and Infrastructure *Wholly-owned subsidiary of CRISIL Solution (CRIS)

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Offers a wide range of solutions focused on infrastructure policy, corporate advisory, integrated risk management and associated consulting services Serves a variety of clients, including government bodies, multilaterals, banks and infrastructure companies Practical and innovative solutions in 31 countries Client roster includes 50 financial institutions in India and abroad Flagship product, RAM, is Indias leading internal risk rating solution

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About CRISIL Certified Analyst Programme

CCAP is a two-year intensive work-cum-study programme that combines job assignments, interactive workshops and academic studies to equip the learner with exceptional financial and business skills. The programme is aimed at developing world-class financial professionals for various analyst roles in CRISIL. At the end of two years, CRISIL provides career growth to all successful candidates at attractive packages that are on par with the industry. The programme has gained acceptance from the industry, CRISIL clients and the academia.

Yardly Abraham
Batch 2007 - 09, Manager, CRISIL Risk & Infrastructure Solutions

To me, CCAP is a dream come true. It has ushered in a new paradigm in study-cum-work programmes. The best part of the programme is the constant industry interaction which we get at the workplace.

CCAP Design
The programme kickstarts with a special six-week intensive finance boot-camp. Subsequently, participants are allocated to business units of CRISIL where they work four days a week from Monday to Thursday. Classes are held on Fridays and Saturdays. The learning and growth path of the participants is closely monitored to ensure exposure to opportunities that will facilitate their career progression. The programme comprises of four semesters of six months each, where rigorous academic training is provided on a range of finance-related subjects. The programme has been designed keeping in mind domestic and global business needs, and after thoroughly analysing the existing curriculum of MBA, CA, CFA and FRM programmes. CCAP ensures that each participant develops an in-depth understanding of financial concepts. This will enable him/her to undertake analytical assignments not just at CRISIL, but elsewhere in the industry as well.

CCAP Location
The programme will be conducted entirely in Mumbai. Selected participants will have to make their own arrangements for accommodation and local conveyance in Mumbai.

Batch Size
The intake for the batch of 2014-16 will be approximately 60 participants.

Salary
Participants will be paid an annual salary of `1.25 lakhs p.a. during the first year, and `2.25 lakhs during the second year of the programme. At the end of 2 years, the participants would be paid a minimum salary of `6 lakhs p.a. (plus performance based variable pay)

CFA/FRM Reimbursement
For every level cleared during CCAP, the participant will receive a one-time award of up to `25,000.

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Who should apply?

We are looking for young professionals with An interest in finance An analytical bent of mind Good communication skills High level of enthusiasm and initiative An interest in a long-term career with CRISIL

Shiva Mitra
Batch 2010-12, Analyst, Research

CCAP provided me the opportunity to work with some of the brightest people in the industry, which proved to be both challenging and enriching. It also taught me to look at things from multiple perspectives.

Neelu Agarwal
Batch 2009-11, Credit Analyst, Global Analytical Centre

What will a CCAP participant do?

Following are some of the activities that CCAP participants carry out during the 2 years: Credit analysis of fixed income instruments issued by corporates, banks and financial institutions Grading of Small and Medium Enterprises Equity research on listed Indian companies Analysis of industry sectors such as pharma, steel and auto Feasibility studies and market assessments Assisting government and private clients in infrastructure projects Designing and implementing risk management solutions for financial institutions Supporting global clients in equity, credit and derivatives research

This unprecedented platform helped a nerdy graduate like me to develop and transform into a much more practical and 'informed' individual. CCAP's unique learn-on-the-job format shortened my learning curve, and gave me exposure to several situations. By learning how to make decisions, find solutions, manage tough deadlines and handle difficult clients (among other things), I have been able to introspect on my strengths and weaknesses, and develop myself professionally.

Batch 2011 - 2013

CCAP Academics
The Curriculum
The programme will cover more than 20 subjects in finance, in addition to workshops on developing individual and leadership skills. The continuous evaluation process will assess learning outcomes on the various courses.

Indicative Course Outline Semester I

Core Courses 1. Basic Financial Accounting 2. Business & Corporate Law 3. Business Statistics 4. Commercial Banking 5. Financial Institutions & Markets 6. Financial Statement Analysis - Basic 7. Micro Economics Leaders Incubation Lab Teamwork Works

Semester II
Core Courses 1. Credit Analysis 2. Corporate Finance 3. Equity Valuation 4. Financial Derivatives - Basic 5. Fixed Income Securities - Basic 6. Financial Statement Analysis - Advanced 7. Macro Economics Leaders Incubation Lab Time Management

Semester III
Core Courses 1. Econometrics 2. Financial Derivatives - Advanced 3. Fixed Income Securities - Advanced 4. International Trade & Finance 5. Project Appraisal Leaders Incubation Lab Effective Presentation Skills

Semester IV
Core Courses 1. Financial Risk Management 2. Mergers & Acquisitions 3. Project Management 4. Security Analysis and Portfolio Management 5. Structured Finance Leaders Incubation Lab Managing Stakeholders

Workshops by industry experts provide participants with practical insights into their areas of specialisation within finance.

CCAP Faculty:
The CCAP faculty includes professors from the top business schools, senior CRISIL professionals and industry experts. In addition to this the participants undergo business specific technical trainings.

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Participant Evaluation
The CCAP participant will be assessed on both job and academic performance

Performance Assessment
Participants will be evaluated based on competencies identified for the entry-level talent and the actual performance of assigned tasks. This evaluation will be undertaken every semester.

Anish Nair
Batch 2011 -13, Consultant, CRISIL Risk & Infrastructure Solutions

Academic Examinations
Each course comprises regular evaluations during the semester, and an end-semester examination. Evaluation will be in the form of class tests, quizzes, assignments, project work and case studies. CCAP lends an altogether new dimension to the traditional method of teaching by having a practical application-oriented method of learning. The concept of 'work and study' is the highlight of this programme, which provides participants with innumerable opportunities to learn from the best faculty in finance, and to interact with successful finance professionals.

On Completion of the Programme

Role
Poorna Iyer
Batch 2012 -14, CCAP Associate, CRISIL Global Research & Analytics

CCAP is a successful synthesis of on-job and classroom learning. I started as a fresher, and the scope to learn on the job has been incredible. The CCAP curriculum offers different subjects that give you exposure to various facets of finance. We get to work with sector experts and learn from them. There are myriad opportunities to learn financial concepts and hone our skill sets.

On successful completion of the programme, all participants will continue working with their respective businesses, at an increased salary of at least `6 lakh p.a. (plus performance-based variable pay). They will be designated at par with the campus recruits from business schools, who currently join CRISIL as Management Trainees.

Growth following CCAP completion

Growth within the organisation will depend on the individual's performance. CRISIL is a meritocratic organisation that believes in rewarding its employees for superior performance, and in promoting employees with potential.

Admission Process
Eligibility Criteria
The minimum requirement for admission to the programme is: 1. A bachelor's degree with at least 55% marks or the equivalent cumulative grade point average (CGPA). This should be an aggregate score for the course. Candidates appearing for the final-year bachelor's degree/equivalent examination may also apply. 2. The candidate should have been born on or after January 1, 1989. Note: Candidates who are in the final year of graduation must produce at the time of joining a certificate from the Principal/Head of the Department/Registrar/Director of the University/Institution certifying that the candidate has obtained at least 50% or equivalent grades in his/her studies so far. The deadline for submission of final mark sheets and certificate is December 31, 2014. Non-fulfillment of this condition will automatically result in the cancellation of the provisional admission.

Application Process
Aspiring candidates may apply online at www.crisil.com/ccap for admission to the programme. Candidates will be required to fill in a basic information form as part of the application process. Following the submission of the form, the candidate will be redirected to the payments section online, where the online payment needs to be made. Online payment can be through Debit card, Credit card or Internet Banking. Payments may also be made offline. Online Payment When directed to the payments section, candidates must pay `1,500 (non-refundable) online as application fee. On successful completion of the process, the candidate will receive an acknowledgment of receipt of the application. Offline Payment

Chitra Mahale
Batch 2013 -15, CCAP Associate, Global Analytical Center

Offline payment can be made through Demand Draft. The applicant must fill the online application. The applicant should also fill in the demand draft details online. The applicant can then send the Demand Draft of `1,500 (favouring CRISIL Limited and payable at Mumbai) along with a cover letter mentioning the Registration Number to The Programme Leader, CRISIL Certified Analyst Programme, CRISIL House, Central Avenue Road, Hiranandani Business Park, Powai, Mumbai - 400076. The last date for submission of application form is March 8, 2014.

In my opinion, building one's career is no different from building an investment portfolio. Coming from an engineering background and after a brief stint in the world of analytics, finance wasn't really home territory for me, but nevertheless, I had a deep desire to explore it. And so for me, CCAP was this tailor-made low risk, high-return investment that came with the convertibility option (to be exercised after the completion of the programme). Barely six months into the programme, each passing day has added to my confidence in the investment I made and I am positive that the returns will only get higher.

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Selection Process
Applicants will be shortlisted based on the eligibility criteria. Shortlisted applicants have to go through the below mentioned selection stages.

CRISIL Aptitude Test

Candidates will have to appear for the CRISIL Aptitude test, which would be conducted across 18 locations in India. The test will have 5 sections: Verbal Ability, Quantitative Ability, Data Interpretation and Logical Reasoning, General Knowledge and Essay Writing. The test duration is 135 minutes. The candidate may submit their latest CAT/XAT scores. If the candidate has equal to or more than 90 percentile with a minimum of 80 percentile in all the sections, he/she will not be required to appear for the CRISIL Aptitude Test and will directly appear for the GD/PI round.

CCAP Test Location

North West South Central East Chandigarh, Delhi, Jaipur, Lucknow Ahmedabad, Mumbai, Pune Bangalore, Chennai, Cochin, Hyderabad Allahabad, Bhopal, Indore Bhubaneshwar, Guwahati, Kolkata, Patna

CRISIL Psychometric Test

The candidates shortlisted for the GD/PI round may have to go through a Psychometric test. Details for the same will be shared a week prior to the GD/PI dates.

Group Discussions and Personal Interviews

The final round of GD and PI will be held in Chennai, Delhi, Kolkata and Mumbai. Final selection will be based on the candidate's profile, performance in the CRISIL Aptitude Test, GD & PI rounds. The selected candidates will be informed by email and the results will also be updated on the CCAP website.Selected candidates will need to confirm their admission before the specified date, failing which their admissions will be cancelled. Candidates would be required to send their original 10th Standard certificate to confirm their acceptance. Please note that original 12th, graduation and work experience certificates need to be produced for verification on the commencement of the programme, failing which the admission will be cancelled.

Batch Statistics

Batch VII (2013-2015)

Work Experience Distribution

Education Background

18% Fresher 0-1 year 21% 61% Above 1 year

23% 42% Engineering Commerce and Management 35% Others

Gender Statistics

35% 65%

Male Female

CERTIFIED ANALYST PROGRAMME

Life During CCAP

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Important Dates
Last date for submission of application forms CRISIL Aptitude test Group discussion and personal interviews First list for admissions Acceptance confirmations for first list Second list for admissions Acceptance confirmation for second list Commencement of programme March 8, 2014 March 22 & 23, 2014 April 9 - 20, 2014 April 24, 2014 May 5, 2014 May 8, 2014 May 15, 2014 June 9, 2014

For further details

Log on to: www.crisil.com/ccap | Call: +91 22 3342 3000 / +91 976 9797 440 | Email: [email protected]

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CRISIL Limited CRISIL House, Central Avenue, Hiranandani Business Park, Mumbai 400 076. India Phone: +91 22 3342 3000 | Fax: +91 22 3342 1830 www.crisil.com CRISIL Ltd is a Standard & Poor's company