[dragonlord123]

hey guys this is my first post..i am in a dilemma
i am a BMS fresher with good academic background and have been following the stock market since long now!!

I wanted to start of as an equity analyst..but none of the best IB's take a graduate..they want iit/iim/cfa/mba

but on the other hand i am getting into operations department(derivatives) in a top IB.. should i:

-join operations and work my way to an analyst position
-join a smaller firm and start right as an analyst..with what i wanna do?

i am planning to go to USA in the fall of 2008 for my MBA..after a degree there will a dsp/lehman/jp morgan prefer to recruit a person who already has knowledge as an analyst in a smaller firm or from a big company though from operations dept??

please let me know..i have to make a choice very soon..thanks a lot

[BaBu]

hey guys this is my first post..i am in a dilemma
i am a BMS fresher with good academic background and have been following the stock market since long now!!

I wanted to start of as an equity analyst..but none of the best IB's take a graduate..they want iit/iim/cfa/mba

but on the other hand i am getting into operations department(derivatives) in a top IB.. should i:

-join operations and work my way to an analyst position
-join a smaller firm and start right as an analyst..with what i wanna do?

i am planning to go to USA in the fall of 2008 for my MBA..after a degree there will a dsp/lehman/jp morgan prefer to recruit a person who already has knowledge as an analyst in a smaller firm or from a big company though from operations dept??

please let me know..i have to make a choice very soon..thanks a lot

Very tricky...Is the operations role in top IB, a KPO firm? I mean you can try to get as a research analyst in a KPO firm.

[dragonlord123]

no man none of them call themselves KPO...operations is suppose to be a "back office" job..u just handle matter and settle them..nothing related to actual stock market :(

and guys please do try to advise...only 1 reply :(

[BaBu]

It is tricky as on one end you are getting the corporate brand and on the other end you are getting the high end work profile. Choosing between the two ends of this spectrum is confusing for job seekers.

Coming to the solution , in my opinion you should join analyst profile in a small firm. Do analyse salary differential between the 2 offers.

However, MBA admission does not depend on this sole factor. People from NGOs are studying in top busiess schools. So, it really does not matter regarding your MBA admission which firm or role you join.

Since, you love tracking stock markets, follow your passion. Go where your heart goes. You will like the job of an analyst tracking markets and fulfilling your desire. In derivative operations in a top IB, it is more of glamour position and less work satisfaction as your interest lies in analysing equity/derivatives rather then updating a derivative contract.

All the best.

[Tumtum]

Originally Posted by dragonlord123

hey guys this is my first post..i am in a dilemma
i am a BMS fresher with good academic background and have been following the stock market since long now!!

I wanted to start of as an equity analyst..but none of the best IB's take a graduate..they want iit/iim/cfa/mba

but on the other hand i am getting into operations department(derivatives) in a top IB.. should i:

-join operations and work my way to an analyst position
-join a smaller firm and start right as an analyst..with what i wanna do?

i am planning to go to USA in the fall of 2008 for my MBA..after a degree there will a dsp/lehman/jp morgan prefer to recruit a person who already has knowledge as an analyst in a smaller firm or from a big company though from operations dept??

please let me know..i have to make a choice very soon..thanks a lot

Dont do the mistake of joining the IB operations my friend and especially so if you are planning to go to the US. These jobs are highly commoditized and being outsources in bulk to India/Pakistan and other Asian economies. If you end-up doing such jobs, you are not doing anything worthwhile and will not give you any competence as an analyst.

As such, these jobs will be like trade settlement, documentation and in some cases even analyzing trade failures and coming up with MIS reports......mundane profiles which even a 10th grader can do. Being an analyst myself, I know how far they are from "research" itself and won't do good of even a penny to ur profile.

I would differe a bit from babu and say that you must hunt for a good profile only for if you do that, the chances of your moving up after some struggle are very bright. Secondly even from an MBA perspective, it always pays to have quality work-ex on ur CV because that is arguably given more importance that just the brand name of the company. Ican show you millions of cases to prove this point.

Bottom line, don't go for the IB Oprns for ur own good.

[dragonlord123]

Hey babu and tumtum thank you soo much..it only makes sense to join as an analyst..and also i will surely be more satisfied..

about the MBA in US i am not worried about getting into it..i was wondering after i am out of it..will Lehman brothers prefer that i have worked with them or JP morgan earlier though in operations department..or they will prefer that i have been an analyst earlier though in a relatively smaller firm..

thanks once again