CERTIFIED ANALYST PROGRAMME

CRISIL CERTIFIED ANALYST PROGRAMME Batch VII (2013-2015)

Aim. Accelerate. Achieve.

Message From The President, Human Resources

Dear Aspirant, Congratulations on choosing to enroll for the CRISIL Certified Analyst Programme (CCAP)! Over the last 25 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 by its innovationdriven 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 seventh year in 2013, the past four batches have already set a new benchmark in the industry. CCAP participants join us as CRISIL employees from the 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 2013

About CRISIL

CERTIFIED ANALYST PROGRAMME

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 and Poor's (S&P). Standard & Poor's, a part of The McGraw-Hill Companies (NYSE:MHP), 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 per cent Rates two-thirds of bonds outstanding in India Highest number of outstanding SME ratings in

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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 37 Fortune 500 companies, across a range of industries

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Research
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CRISIL Risk and Infrastructure Solution (CRIS)

*Wholly-owned subsidiary of CRISIL

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

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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 coursework, job assignments, and interactive workshops to equip the learner with exceptional financial and business skills. The programme is aimed at developing worldclass 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, at par with the industry. The programme has gained acceptance by the industry, CRISIL clients and the academia.

CCAP Design
The course 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. Regular 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 course comprises of four semesters of six months each where rigorous classroom 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 2013 - 15 will be approximately 60 participants.

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

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

CERTIFIED ANALYST PROGRAMME

What would be the participants compensation?

Participants will be paid an annual salary of `1.25 lakhs per annum during the first year, and `2.25 lakhs during the second year of the programme.

CCAP Academics
The Curriculum
The programme will cover more than 24 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. Financial Statement Analysis 3. Managerial Economics 4. Financial Institutions & Markets 5. Commercial Banking 6. Business & Corporate Law 7. Financial Mathematics 8. Business Statistics Leaders Incubation Lab 1. Attitude Makes a Difference 2. Business Communication

Semester II
Core Courses 1. International Trade & Finance 2. Security Analysis & Portfolio Management 3. Cost & Management Accounting 4. Macro Economics 5. Financial Management 6. Credit Rating and Appraisal 7. Econometrics Leaders Incubation Lab 1. Teamwork Works

Semester III
Core Courses 1. Project Appraisal 2. Financial Derivatives 3. Fixed Income Securities 4. Corporate Taxation 5. Services and Marketing Management 6. Asset Valuation Leaders Incubation Lab 1. Time Management

Semester IV
Core Courses 1. Structured Finance 2. Financial Risk Management 3. Project Management 4. Mergers and Acquisition 5. Industry Risk Analysis 6. Infrastructure financing Leaders Incubation Lab 1. Leadership Competency

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.

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

Academic Examinations
Each course comprises of regular evaluations during the semester and an end-semester examination. Evaluation will be done in the form of class tests, quizzes, assignments, project work and case studies.

Performance Assessment
Participants will be evaluated based on competencies identified for the entry level talent and the actual performance on assigned tasks

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

Post Programme Completion

Role
On successful completion of the programme, all participants will continue working with their respective businesses, at an increased salary of at least `6 lakh per annum (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 promoting employees with potential.

Feedback from Participants

CERTIFIED ANALYST PROGRAMME

(R to L) CCAP Batch of 2010-2012, with Mr. Ravishankar G, President Human Resources, CRISIL, Mr. Anjan Mukherjee, Managing Director, Specialty Restaurants, Dr. Amitabha De, Director, National Institute of Industrial Engg, Mumbai & Ms. Priti Sridhar, Director, New Initiative, HR, CRISIL

I strongly believe everything in this world starts with an experiment. I am extremely happy that I was a part of this programme. It allowed me to discuss the actual problems I faced at work with my professors and colleagues to arrive at the best possible solution, thereby bridging the gap between theory and practice. Achin Biyani - Batch 2007-09, Manager, CRISIL Infrastructure Advisory

Finance, as a field, cannot be learnt but needs to be practiced along with theoretical inputs. CCAP provided me the best platform to blend the theoretical knowledge that I gained in the classes with first-hand practical experience. Safina Ali - Batch 2008 -10, Senior Credit Analyst, CRISIL Global Analytical Centre CCAP, a game changing work-cum-study model gave me, an engineer, not only conceptual knowledge of finance but also wide exposure of its practical aspects and real-world applications. Interacting with fellow participants, who came from diverse backgrounds, had distinct thought processes and were working with various businesses of CRISIL, has been aiding me immensely as I nurture my financial skills, enhance my analytical capabilities and continue to grow from strength to strength in both my professional and personal lives. Siddarth Mokkapati - Batch 2009-11, Research Analyst, CRISIL Research CCAP is the ideal link between theory and practice. This two year fast track course enabled me to work full-time, enjoy the lectures conducted by top professors and industry experts, leading to a focused career path. The working atmosphere in CRISIL assisted me in applying what I learnt in classroom while dealing with the complexities and dynamics of working in a team. The diverse mix of high-potential students added exponentially to the learning curve through intellectually stimulating discussions. Gowrishankar - Batch 2010-12, Research Analyst, CRISIL Global Research & Analytics CCAP has given me an opportunity to understand the operations of a consultancy. In CRISIL Infrastructure Advisory, we provide financial and management consultancy to clients across sectors like urban, transport, healthcare etc. I contributed to client interactions which has been a great learning experience. Namit Chugh - Batch 2011-13, CCAP Associate, CRISIL Infrastructure Advisory

Batch Statistics
Batch V (2011-2013)

Work Experience Distribution

Education Background

Fresher 34% 34% 0-1 year Above 1 year

39% Finance Non-Finance

32%

61%

Batch VI (2012-2014)

Work Experience Distribution

Education Background

24%

Fresher 0-1 year 58% Above 1 year 54% 46% Finance Non-Finance

18%

Admission Process
Eligibility Criteria
The minimum requirement for admission to the programme is: 1.

CERTIFIED ANALYST PROGRAMME

A bachelor's degree with at least 60 % 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 can submit their latest Common Admission Test (CAT) scores conducted by the Indian Institutes of Management or Xavier's Admission Test (XAT) scores conducted by XLRI, Jamshedpur. If the candidate has not appeared for any of these exams, he/she will be required to appear for the CRISIL Aptitude Test. 3. The candidate should have been born on or after January 1, 1986. Note: Candidates who are in the final year of graduation must have obtained at least 50% or equivalent grades in his/her semesters or education years so far. The deadline for submission of final mark sheets and certificate is December 31, 2013. Admission of such candidates will be provisional & will be cancelled in case of non-fulfillment of the stated criteria.

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 acceptance of the application. Offline Payment Offline payment can be made through the 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 copy of the application 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 February 28, 2013

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 who have not appeared for CAT/ XAT held during 2012-13 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.

CCAP Test Location

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

Group Discussions and Personal Interviews CRISIL will decide the section-wise and total cut-off marks, which will be used in short-listing candidates for GD & PI. The final round of GD & 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 would also be updated on the website. The selected candidates will need to confirm their admission before a specified date, failing which their admissions will be cancelled. Candidates in their final year of graduation are required to send their original mark sheets of 10th Standard or 12th Standard. Graduates are required to send their original graduation mark sheets immediately on receipt of the admission offer letter. Please note that the original certificates need to be produced for verification on the commencement of the programme, failing which the admission will be cancelled.

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Life at CCAP

CERTIFIED ANALYST PROGRAMME

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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 February 28, 2013 March 23 and 24, 2013 April 10 to 20, 2013 April 24, 2013 May 4, 2013 May 8, 2013 May 13, 2013 June 10, 2013

For further details

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

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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