[prashoo]

Hi

I have a couple of years experience in IT industry and am I going to join SCMHRD in June. I would like to specialise in Systems and Finance. I would like to nature of the finance job profiles offered to students in non IIM b schools. I know that investment banking is out of the question if you are a non IIM grad

I heard that banks like ICICI, HSBC etc give u the positions of an area sales manager etc which basically invloves selling the product. It is more of a marketing kind of role which I am not interested in. I would like to be more of a analyst. Do non IIM grads get analyst positions. Or do they only get to sell existing products

How about profiles like corporate Finance or work in agencies like RBI, MOODY'S etc. .What is exactly is the nature of the work. I would like to get into a Finance profile sans marketing.

People who can thrown light on various Finance Profiles and the exact nature of work would be doing me a great favour.

Regards
Prashanth

[prashoo]

Guys

Please do pour in your views

Prashanth

[puneet_gandhi]

@prashanth.. non IIM grads do get analyst positions.. 1 of my seniors.. passed out from non IIM b-skool.. nd got into JPMC...he was offered an analyst position.. wat his opinion was that big cmpnies groom IIM grads so as to take them to front end .. i.e. to interact wid clients...
on the other hand.. they r smtimes involved in bringing out new finance products...but this job is not in i-banking...though it comes under finance.. then u can be a trader as well...
i hope it helps..
@ seniors.. plz pour in wid ur viewpoints..
Cheers!
Gandhi

[DesiGuru]

Firstly dont do this silly classification about non IIM and IIM all the time...
Talented guys who are interested from all Bschools including non MBAs have a short at IB and other things... IIM folks get the easy shot at it and only a few get through it anyways...

Obviously Corporate Finance though i have limited understanding of it is the other big profile in finance. Ofcourse retail banking, Mutual Funds etc are also interesting to many... In Finance obviously Private equity, Hedge Funds are the likes that would be the pinnacle and could be said to be more interesting and important than IB which is always more about valuation of companies and mergers and acquisitions paper work and ofcourse a bit of analysis...

And Marketing is always a key element of Business... If you dont like the idea of Marketing too much then a CA or CFA would suit you better...

K

[sanjeev florida]

Hi,
I am new to this thread. I am just researching career options in Finance post-MBA. Can anyone throw some light on the job descriptions of Private Equity, Hedge Funds and Equity Research in the US.


Regards,
Sanjeev

[ida]

Hi Prashanth,

Originally Posted by prashoo

I would like to nature of the finance job profiles offered to students in non IIM b schools. I know that investment banking is out of the question if you are a non IIM grad

The blistering growth of Banking and Financial Services ("BFS") sector in India means that most finance guys are absorbed into Banks, Insurance companies and like. I agree with you that i-banking job from campus is impossible from a non-IIM institute.

Originally Posted by prashoo

I heard that banks like ICICI, HSBC etc give u the positions of an area sales manager etc which basically invloves selling the product. It is more of a marketing kind of role which I am not interested in. I would like to be more of a analyst. Do non IIM grads get analyst positions. Or do they only get to sell existing products

ASM positions are never offered to an entry level MBA. ASM requires some years of experience in the field. Its a tough and demanding job. Selling is what the ASM being paid for by the co. Your best bet in an analyst position would be in firms like Pipal Research, eValueserve etc ... i do not know whether the likes of ENAM, LKP, JM Morgan Stanley etc come to SCMHRD campus or not.

Originally Posted by prashoo

How about profiles like corporate Finance or work in agencies like RBI, MOODY'S etc. .What is exactly is the nature of the work. I would like to get into a Finance profile sans marketing.

I sort of agree with DesiGuru, you may prepare yourself for a finance position but must be mentally prepared to work in marketing as well. RBI does not hire from campuses, it conducts examinations like any other indian PSU. Moody's is a rating agency like CRISIL and ICRA.

Originally Posted by prashoo

People who can thrown light on various Finance Profiles and the exact nature of work would be doing me a great favour.

Corporate Finance is one field. Typical roles are Treasury (management of the companies funds), working capital management, credit control etc. A CA will be a huge bonus, but not mandatory in any way.

[nick81]

Even i feel that its absolutely impossible to get a job in Investment Banking if you are not an IIM pass out.
But there are many other options available like corporate finance,equity research,treasury management,etc .
Dont be under the false notion that its always selling that you are supposed to do unless you are a second rung student in your college.But let me warn you that a fair knowledge of Marketing is a must even if you are into a field like Treasury.
Even am a bit anxious about what kind of profile would I manage to secure.
Seniors who are already in the industry can throw some light on this issue.

[chinmoy_das]

Thats very true ,That IB is very tough to get atlest in india - Yes banks like I - bank ,Indusind,Yes etc Push their Mgt trainee towards sales side - Its the place there they earn their revenue - Its a Job as well - with Experiance one can easily move up and demand there relevent Roles - Once they proof themselves in the System.

[Tumtum]

Originally Posted by nick81

Even i feel that its absolutely impossible to get a job in Investment Banking if you are not an IIM pass out.
But there are many other options available like corporate finance,equity research,treasury management,etc .
Dont be under the false notion that its always selling that you are supposed to do unless you are a second rung student in your college.But let me warn you that a fair knowledge of Marketing is a must even if you are into a field like Treasury.
Even am a bit anxious about what kind of profile would I manage to secure.
Seniors who are already in the industry can throw some light on this issue.

Good that this discussion has been started. It has given me an opportunity to contribute my 2 cents on it.

First of all IBanking (hereafter IB) is a very very broad term. It covers all aspects of raising money from the markets, parking money into profitable ventures, evaluation and analysis of where your clients (Mutual Funds/Hedge Funds/Pvt Equity etc) can make profits, making strategies to earn profits, money management and what not.

IB activities are not just restricted to equity markets or debt markets- IB activities are very much a part of Credit Markets, Commodity Markets, Rates Markets, FX Markets and many more.

Typically investment banks are involved in activities such as equity and bond trading, equity structuring, synthetic equity, commodity trading, commodity structuring, credit trading, credit structuring, rates trading, FX trading, FX structuring, merchant banking, portfolio management, equity research/bond research/commodity and other research, risk management and such allied fields. When I use the word "structuring", it encompasses all the kind of structured products that come out of these asset classes ( ie. equity/debt/credit/commodities/rates/FX etc).

This was just to give you folks an idea about the field. Now let's come to the question of IIM grads and non-IIM grads. Like most on this thread would conclude that IIMs have the edge and its difficult to break into IB jobs without a coveted IIM degree, my experience says something different.

I am from a non-IIM background and I have 5 years of work-ex in a top IB on the equity side- from trading to structured products to equity research. It is true that the office is filled with IIM grads but its not that CAs/CFAs/MBAs from non-IIM background are absent. Basically, what I feel is that if you are good in your field- if you have the passion and if you are thorough with your knowledge, you will definitely end up in an IB after a good fight.

As for the other question of what all profiles are available in finance, Corporate Finance, Financial Consultancy, Strategy and Commercial Banking offer the best of profiles (but not the pay compared to IBs).

Hope this helps. Feel free to ask for more.

[freakinbubu]

I was looking for such a thread since long....Seniors and alumni....please pour in with your views and gyaan.........