Consulting - Management, Strategic, IT et all

[indro]

thanks convo ...yu really are an ANGEL...actually i was more interested in the BR JOB but i am a bit skeptical bout the IPR thing guess ..would play it safe ...would stick to CTS ....cause i am interested in ERP/SAP FUNC.consultancy

[indro]

hey convo ...also wanted to ask if yu could help me with the BR thing ..i guess only eserve offers it..dont know any other firms offering BR to freshers
hope yu could help

[convolutedsignal]

If u need such research firms gurgaon is the place to be. However mumbaind pune make more sense for equity research. Lots of firms here have set shop for their back end research. Pipal research, inductis, marketRX, evalueserve are some of the firms I know and am sure i am missing others

[Psychodementia]

This seems to be more like a 101 Primer course on consulting:

http://www.rediff.com/money/2005/dec/22sudhi.htm

Arun

[chautauqua]

Hi,

I dunno if I should this is the right forum.. but here it goes..

I am a final year Btech EE student at IITX. I have been placed in Lehman Brothers, Mumbai, in the "Equity Quantitative Analytics" group. The HR from LB told us that this is not another back office in India and that the Mumbai ofice is going to be on par with their London, Tokyo and NewYork offices. Do you have any information about the above; or could you point me out someone who might be able to help me. I want to know if the work will be as exciting as they are promising; and that it is not just another back office. Their compensation pacage is good 8lakhs+. I am more concerned about the nature of the job though...
Do you have any idea what sort of career path one could go on if one takes on this job?


--chautauqua

[convolutedsignal]

Originally Posted by chautauqua

Hi,

I dunno if I should this is the right forum.. but here it goes..

I am a final year Btech EE student at IITX. I have been placed in Lehman Brothers, Mumbai, in the "Equity Quantitative Analytics" group. The HR from LB told us that this is not another back office in India and that the Mumbai ofice is going to be on par with their London, Tokyo and NewYork offices. Do you have any information about the above; or could you point me out someone who might be able to help me. I want to know if the work will be as exciting as they are promising; and that it is not just another back office. Their compensation pacage is good 8lakhs+. I am more concerned about the nature of the job though...
Do you have any idea what sort of career path one could go on if one takes on this job?


--chautauqua

First of all congrats Its a gr8 position for any fresher to start from You are basically into equities and a career path right now is kinda fuzzy. You could end up in a 100 different places right now but AFAIK all of em are great places to land in. All I'd say is instead of thinking too far ahead and wondering about where you will go taste the money, the life and of course the work for a year, you will not need anyone to answer that question. And yes LB is expanding in India , so is Goldman Sachs. Its analytics and research alright but definitely worth taking over an MBA right now if you have such plans. Best of luck and keep us posted

Oh and it is not the kind of back office you think it is, but you are definitely cheaper than the $70K US chappie

[chautauqua]

Thanks CS..

Right now I am not at all motivated enough to do an MBA and it really does not fit into my scheme of things right now. I have written CAT though.

I am more of a Math guy, and like number crunching etc. I would not mind going into Financial research. As I had written earlier... it is job which is more important to me than the amount of money I am getting... (money per se has much less priority for me right now... and if my work is requred in this world.. money will automatically come)

As for expansion: LB is surely expanding.. they have hired more than 15 students (Exaotic derivatives, fixed income analytics, equity quant, CDO) from IITM alone this year..



--Chautauqua

[vaibhavanand]

Hi !!! I have got my summers at KSA -Technopak ( retail consultancy) . i am bit skeptical about it as technopak is buying KSA 's stake which is the worlds largest retail consultancy.Anybody who knows about it can offer some advice.

vaibhav

[HitchHiker]

Originally Posted by chautauqua

Hi HitchHiker,

I am a final year Btech EE student at IITX. I have been placed in Lehman Brothers, Mumbai, in the "Equity Quantitative Analytics" group. The HR from LB told us that this is not another back office in India and that the Mumbai ofice is going to be on par with their London, Tokyo and NewYork offices. Do you have any information about the above; or could you point me out someone who might be able to help me. I want to know if the work will be as exciting as they are promising; and that it is not just another back office. Their compensation pacage is good 8lakhs+. I am more concerned about the nature of the job though...
Do you have any idea what sort of career path one could go on if one takes on this job?
Hoping to hear from you soon,

--chautauqua

My team deals with Lehman's NY office but am not personally aware of them setting up shop in India. However, there is no reason for them to inform us about it if our interaction needs only be with NY.

I am guessing that you will be joining after a few months when your course gets done with... its quite possible that an official PR will be made available much later than now. I wouldn't be surprised if they do set up a global practice office right here... its a huge market and lots of M&A activity is coming up... they'd be looking for India specialists anyway.

As far as the nature of work is concerned.. Lehman pays really well, even by the lucrative standards of the industry but I just don't see them paying 8 lacs for "backoffice" work..
McKinsey pays in the range of 4 to freshers at their KC, and thats more than a back office thing...

On the other hand, i don't think they'll put you in frontline M&A or PE work without some serious training... a couple of my college friends are working with an I-Bank in Mumbai and their training is itself 18 months at the minimum...

I suggest you find out about this.. ie. what is the kind of training they are gonna give you. The program is general for the first 6 months or so and then specific branch training according to your competencies. Let me clarify, this is for the place my friends are at. It is possibe that LB has a different program.

The specific segments that Lehman works in are Investment Banking, Capital Markets, and Investment Management.
Investment Banking segment provides advice to corporate, institutional, and government clients on M&A and Private placement. It also underwrites public and private offerings of debt and equity securities. Now, there are a lot of specific insruments you could specialise in.... stock, govt bonds, money market products, high yield and emerging market securities, mortgage- and asset-backed securities, real estate, municipal securities, bank loans, foreign exchange, and financing and derivative products.... the list goes on.

Capital Markets segment includes institutional customer flow activities, prime brokerage, research (I am here..), and secondary-trading and financing activities in fixed income and equity products.

Investment Management segment consists braodly of private placement and asset mangement.

What i can say is that its a great opportunity... go for it... not blindly of course, but with a resonable certainty that you'll get to learn loads and earn loads. Like i said above, ask your recruiter to spell ut the program... I doubt it will be back office, but also don't see you on the frontline right after graduation...

Only caveat is that -- as I know from personal experience, LB sucks every cent's worth out of you -- but I don't mind and I don't think you would either!

Best of Luck.

Vaibhav.

PS: That was kinda hurried, please ignore any spelling/grammar/redundancies in the above.

[chautauqua]

Vaibhay... thanks for the post..
We will be getting the offer letters sometime next week. During the HR inerview, I asked the HR lady if their Mumbai office is just another back office in India... and she categorically denied that... she said that the Mumbai office will be on par with the London tokya and New york offices. And that though they had started as a back office... working on IT... they are now setting up their base here in IB. They have been on a major recruiting spree in all the IITs... around 60 is the number doing the rounds..
And the Managing Directors etc. from the London and NewYork offices had come to take the interviews...
The HR told me that we will be under going at least 6 months of training and the duration will depend on the group in which we are going to work...
The offer letters might throw up some more light...
DO you know anyone who might be able to clear up the picture more?

thanks,
Chautauqua