[SONATA]

A new Investment Banking institute has been set-up in Mumbai.

SIB : The School of Investment Banking |::

anyone from this forum already opted for this course ?....being part of its first batch?

[DreamForever]

Hello friends,
I am pursuing my MBA from a top-15 US B-school.

I am keen on a career in i-banking and looking for an internship with an i-bank in India (for Summer 2008 )

I am interested only in i-banking division and *not* equity research.

Could someone help me how to go about it?

If anyone is already with an i-bank or can pass on some contacts, it would be great !

Thanks a lot.

[Tumtum]

Originally Posted by DreamForever

Hello friends,
I am pursuing my MBA from a top-15 US B-school.

I am keen on a career in i-banking and looking for an internship with an i-bank in India (for Summer 2008 )

I am interested only in i-banking division and *not* equity research.

Could someone help me how to go about it?

If anyone is already with an i-bank or can pass on some contacts, it would be great !

Thanks a lot.

Send me your CV. I think I can help you. More on your PM.

[avastyembas]

Investment banking continues to hold around it a sort of aura of magnificence, don't fall for it, most MBA finance guys are promised the slot and moved into research, and its toil, analyst programmes are available are certain firms such as CRISIL and EDELWEISS, who hire grads for that specific purpose of training them, you might want to look in to that, my concern here is that being a guy who is already into IT systems, a business analyst post might be more to your suiting, anyways, if you are serious, then a masters course in Economics will definitely go a long way. To get a shot at IB at the international banks in India you will need the following:

1. Academic Strength through out
2. Great comm skills
3. Brand repute, ie from the top tier schools
4. Work ex. specifically in the equity research side.
5. Analytical skills
6. Problem solving attitude
7. Business acumen.

IB abroad is more flexible and is a top most for most bankers, here it seems its a job research analysts eventually head towards, also in PSBs most asst gen managers head those posts, meaning substancial banking experience goes into it, eg SBI capital (The IB part of the bank, though pvt.) has teams who are headed by old time bankers with analysts and credit risk managers below them usually from the IIMs, though news from the grapevine is that SBI cap isn't able to hold onto them and is thinking of hiring from elsewhere.

[DreamForever]

Thanks Tumtum. Please check your PM.

Originally Posted by Tumtum

Send me your CV. I think I can help you. More on your PM.

[nofear]

Folks,

What kind of prior experience/profile is needed to get into Investment Banking. It for sure interests me, but I hardly know anything. WHats the best way to get to know more about it?

Kd

[sadaredds]

Tumtum,

Similar to DreamForever, I am currently doing my MBA in USA from a top 40 school which has a very strong finance specialization.
I am also interested in a i-banking career and looking for a internship with a i-bank in India (summer 200. Appreciate if you could help appropriately.

Regrads
sadaredds

[Tumtum]

Originally Posted by sadaredds

Tumtum,

Similar to DreamForever, I am currently doing my MBA in USA from a top 40 school which has a very strong finance specialization.
I am also interested in a i-banking career and looking for a internship with a i-bank in India (summer 200. Appreciate if you could help appropriately.

Regrads
sadaredds

Send me a PM of your profile. I will try my best to help you mate ! Cheers !

[prasadhegde]

Hi Tumtum

I am a post grad student at UTI Institute of capital markets ,I am interested in fixed Income markets,but I do not have any formal quant background(non-engineer) is it imperitive to have quant background?? also what are the kind of companies to look for ?? Please guide me how to package myself for a Fixed Income reserach profile interview....

Cheers

[Tumtum]

Originally Posted by prasadhegde

Hi Tumtum

I am a post grad student at UTI Institute of capital markets ,I am interested in fixed Income markets,but I do not have any formal quant background(non-engineer) is it imperitive to have quant background?? also what are the kind of companies to look for ?? Please guide me how to package myself for a Fixed Income reserach profile interview....

Cheers

Well to be frank, the big 5 IBs i.e. JPM Chase, Citi, Deutsche, Morgan Stanley Advantage Services and Credit Suisse generally recruit IIT grads for Fixed Income, Forex, Credit, Rates and allied structuring roles, so you may be at a slight disadvantage.


However, you need not lose heart since if you garner adequate (2-3 yrs) work ex in some KPO/domestic bank and then apply to these places, then you will surely get into these IBs.


To package yourself as a fixed income guy you will first have to get some good qualification (PGD from UTIICM is well regarded and will do you good for sure). If you cant get in through campus route, then begin applying to various KPOs and some will hire you for sure. Work there for 2 yrs atleast and then apply to the big 5 and you will surely make the cut.


Hope this helps. Feel free to ask more.