[live.work.play]

Hi,

i'm an engineer passed outa PEC in 2006. i'm currently working in a KPO for the last one year and have decent experience in SAS. Also, i would be appearing for CFA L1 in dec 2007 but now i desperately want to move into a bank. What i understand is that based on my qualification and exp. i wont directly get into Investment banking but i guess i can start as an analyst in some global IB. what i really dont want to do in a bank is data preparation and data warehousing. ive heard that most of the banks in bangalore and calcutta have only BPO operations with only data warehousing and data preparation and no real analysis happening can smbdy throw some light on it and can smbdy name a few banks which have their analytics operations in india nd in which i can try?

thanks

[rajatb]

Originally Posted by live.work.play

Hi,

i'm an engineer passed outa PEC in 2006. i'm currently working in a KPO for the last one year and have decent experience in SAS. Also, i would be appearing for CFA L1 in dec 2007 but now i desperately want to move into a bank. What i understand is that based on my qualification and exp. i wont directly get into Investment banking but i guess i can start as an analyst in some global IB. what i really dont want to do in a bank is data preparation and data warehousing. ive heard that most of the banks in bangalore and calcutta have only BPO operations with only data warehousing and data preparation and no real analysis happening can smbdy throw some light on it and can smbdy name a few banks which have their analytics operations in india nd in which i can try?

thanks

Most of the I Banks now have KPO operations in India.

Morgan Stanley -MSAS-Mumbai
Duetsche Bank-GMC-Mumbai
Banc of America-BOA Continium Mumbai
Goldman Sachs-Banglore
Lehman Brothers-Mumbai
Thomas Weisel -Mumbai

All of them have outsourced a lot if their Quant profiles in India.The only problem that I see at your end is that although these banks hire from premier B School ans far as non MBA's are concerned they have restricted themselves to IIT grads at present.
But I guess by passing the CFA L1 and packaging yourself really well you could get into one of them esp Morgan Stanley which is doing a lot of Risk management work where your statistical skills will become useful.

[live.work.play]

Originally Posted by rajatb

Most of the I Banks now have KPO operations in India.

Morgan Stanley -MSAS-Mumbai
Duetsche Bank-GMC-Mumbai
Banc of America-BOA Continium Mumbai
Goldman Sachs-Banglore
Lehman Brothers-Mumbai
Thomas Weisel -Mumbai

All of them have outsourced a lot if their Quant profiles in India.The only problem that I see at your end is that although these banks hire from premier B School ans far as non MBA's are concerned they have restricted themselves to IIT grads at present.
But I guess by passing the CFA L1 and packaging yourself really well you could get into one of them esp Morgan Stanley which is doing a lot of Risk management work where your statistical skills will become useful.

Thx 4 the info rajat. Hw do HSBC and yes bank fare in this category? and incase i wish to apply to any of these banks before appearing for CFA L1 wat r the concepts i need to be familiar with?

Thanks

[bizskool]

Yea bank has minimal ops in India. Plus its a bank and not much of an IB. HSBC has BPO (lower end) and Analytics(hi-end) KPO in India. For KPO they do hire from IIT's/SOM etc.

[live.work.play]

Thx bizskool...actually i wantd to apply when these banks go for a mass recruitment..ive heard goldman sachs took a number of ppl last year in oct.....do u have an idea whr from can i know when dese ppl hire in huge nos??? i dunno if they mention smthin on their website....

Thanks

[rajatb]

Originally Posted by live.work.play

Thx 4 the info rajat. Hw do HSBC and yes bank fare in this category? and incase i wish to apply to any of these banks before appearing for CFA L1 wat r the concepts i need to be familiar with?

Thanks

Mostly concepts related to Stats-Hypothesis testis,VaR,Different distributions and their properties.
Properly do the Quant part of the CFA L1 course.

Apart from that read up the first 7-8 chapters of Hull to understand the basics of Black Scholes ,do more if you are able to master the concepts.

This is just the basic part the trick is to prepare extensively for the particular profile once you get shortlisted .
For example if you get Shortlisted for the profile of a Commodities Analyst then read up throughly on the unique aspects of commodity linked products.

Apart from that brush up ur Engg level maths esp courses in Numerical methods,Optimization etc..

[reflexion]

I want to know any information about the "International College for FInancial planning" in delhi. Any information related to CAT score required for it or other ways to get in. Any other information which u people feel i helpful.

[live.work.play]

Originally Posted by rajatb

Mostly concepts related to Stats-Hypothesis testis,VaR,Different distributions and their properties.
Properly do the Quant part of the CFA L1 course.

Apart from that read up the first 7-8 chapters of Hull to understand the basics of Black Scholes ,do more if you are able to master the concepts.

This is just the basic part the trick is to prepare extensively for the particular profile once you get shortlisted .
For example if you get Shortlisted for the profile of a Commodities Analyst then read up throughly on the unique aspects of commodity linked products.

Apart from that brush up ur Engg level maths esp courses in Numerical methods,Optimization etc..

that is really helpful thanks a lot rajat.. i thought concepts of financial statements wud be useful nd helpful...but nw gotto cover up quant as well[]..btw which book by hull r u rfrin 2...?

[rajatb]

Originally Posted by live.work.play

that is really helpful thanks a lot rajat.. i thought concepts of financial statements wud be useful nd helpful...but nw gotto cover up quant as well[]..btw which book by hull r u rfrin 2...?

Amazon.com: Options, Futures, and Other Derivatives (4th Edition): Books: John C. Hull

The Indian Edition is for some 200-300 types.

[subodh_iit]

Originally Posted by live.work.play

that is really helpful thanks a lot rajat.. i thought concepts of financial statements wud be useful nd helpful...but nw gotto cover up quant as well[]..btw which book by hull r u rfrin 2...?

I will suggest you read the insider guides to careers in Investment Banking by Wetfeet and Vault. They will giv u a better idea of whether to pursue IB and alo some tips for initial prep.

Besides, the book Fast Track by Mariam Naficy also provides good insights into Management Consulting, Sales and Tradin and Investment Banking...