Amba launches Investment Analysis Training
View(s):Amba Research Lanka launched its investment analysis training programme aimed at final-year university students and professional accounting finalists in Sri Lanka last week.
“This programme is designed and developed by Amba to prepare final-year undergraduates and professional accountants for careers in Sri Lanka’s capital markets – now rapidly emerging as a leading employment sector for the brightest graduates in the country,” Chanakya Dassanayake, Country Head, Amba said at the launch.
In December 2008 Amba launched a highly structured training programme called the Amba Equity Analyst Training Programme, he said, adding that this programme essentially codifies senior management’s collective experience in training young graduates to become investment analysts. “This programme takes a participant through the real-life investment analysis cycle: analyzing the competitive dynamics of a given industry, building detailed earnings models that capture a high level of revenue-/cost-driver detail, establishing a defensible valuation range using multiple methods, and finally learning how to draft clear and coherent investment recommendation notes.”
This classroom-based programme is administered by Amba’s dedicated team of capital markets practitioners and CFA charter holders. Mr. Dassanayake said this programme received the CFA Institute’s Approved Provider Programme status in August 2009. Amba’s investment banking clients have also on numerous occasions requested the training team to conduct this programme as a training boot camp for their own analyst-/associate-level new hires, he added.
“Given the growth trajectory of the Sri Lankan economy, we strongly believe that the capital markets sector will continue to play a dominant role as an employer of choice for graduates with Finance, Mathematics and Accounting backgrounds. As an important step towards preparing our young graduates for such opportunities, we plan to launch a unique training course in partnership with leading universities in Sri Lanka. Our objective is to create an industry-academic partnership that will see 150 graduates trained in investment analysis being inducted to the Sri Lankan economy every year.”
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