[Jackal]

Originally Posted by anandv

My manager is an IAS and his manager is doctorate in cognitive psychology.

amazing..

coming back to the point.. we are ending up with back end jobs be it consulting or investment banking.. because we just do not have enough domestic business to make heavy use of such services.. (Psst: I work for a third party KPO in Business Research supporting consulting firms mostly..) we do end up with quasi-consulting projects at times but thats rare lucky times..

there is not really much front end work we indians get entrusted with and this trend will be seen for some time to come..

@Đ i g i S y n c: dude don't u think u r a little too young to think about the career you are planning now..?? I totally appreciate your research and zest.. but i'd still say you are too young to tie yourself up.. hell even i am too young to do that to myself

Cheers

[D i g i S y n c]

Originally Posted by Jackal

@Đ i g i S y n c: dude don't u think u r a little too young to think about the career you are planning now..?? I totally appreciate your research and zest.. but i'd still say you are too young to tie yourself up.. hell even i am too young to do that to myself

Cheers

Thanks mate for taking part in this thread There are people who start as analysts and few as associates at the age of 22-23. I'm sure of that. I won't get that chance.


According to Wikipedia:

1943: (13 years old)
Warren Buffett filed his first income tax return, deducting his bicycle as a work expense for $35.

1945: (15 years old)
In his senior year of high school, Buffett and a friend spent $25 to purchase a used pinball machine, which they placed in a barber shop. Within months, they owned three machines in different locations.

1949: (19 years old)
In 1949, he was initiated into Alpha Sigma Phi Fraternity while an undergraduate at the Wharton Business School at the University of Pennsylvania. His father and uncles were also Alpha Sigma Phi brothers from the chapter at Nebraska, where Warren eventually transferred.

1950: (20 years old)
Buffett applied for admission to Harvard Business School but was turned down.
Buffett enrolled at Columbia Business School after learning that Benjamin Graham and David Dodd, two well-known securities analysts, taught there.



Not comparing myself to Buffett but I think it's never too early As far as Investment Banking and career is concerned I still need to understand a 'lot of concepts'. Thank you again for helping me to keep this thread alive.

Cheers!

[krishsuraj]

@ Jackal
Indian I-Banking scene is not as big as US or EU but still it isnt small too. There are many Indian IBs like Kotak, Enam, JM & Avendus which have a nearly 100 strong IB team, though Indian arms of foreign IBs r still very small. Even in the bear market they recruited pretty agressively this year from the B-School campuses.
And regarding consulting, Mck - India has hired 50 new MBA grads for India this year!!!!!!

[willsurelywin]

edited

[estranged_gnrs]

Originally Posted by willsurelywin

read todays eco times
lehman sacks 25% amployees (180 people)

as i told u lehman is next after bear sterns just a matter of time till fed runs out of funds to bail out ....

man its window dressing going on in financial markets....

i banks existence is in trouble .....these greedy banks will now collpase due to their own greed

:2gunfire:

ps: dunno why people called me a pessimist :huh: m just practica and dont live in fools paradise

WSW, you are free to express your ideas and opinions but I will suggest you to understand the seriousness of the thread. See how lucidly Digisync and other users have presented their ideas and thoughts.
It will be great if you can put your thoughts in a nice coherent manner and also give nice analysis behind your opinions. Using lots of ...... and blanket statements just leads to degradation of the overall readability of the thread.

Though am far away from I-Banks or even say Finance, could never understand it. But love reading this thread to understand how the industry works and what are the scene of opportunities just for my "knowledge" gain sake.

Good job Digisync,anandv and others.

Cheers,
Rohit

[anandv]

Originally Posted by willsurelywin

read todays eco times
lehman sacks 25% amployees (180 people)

as i told u lehman is next after bear sterns just a matter of time till fed runs out of funds to bail out ....

man its window dressing going on in financial markets....

i banks existence is in trouble .....these greedy banks will now collpase due to their own greed

:2gunfire:

ps: dunno why people called me a pessimist :huh: m just practica and dont live in fools paradise

25% employees = 180 people ?
You mean Lehman Brothers has 720 employees globally? or is it for some specific dept?

[willsurelywin]

Originally Posted by anandv

25% employees = 180 people ?
You mean Lehman Brothers has 720 employees globally? or is it for some specific dept?

in india mumbai office yaar:2gunfire:

[nikhilkulk]

Originally Posted by anandv

25% employees = 180 people ?
You mean Lehman Brothers has 720 employees globally? or is it for some specific dept?

Lehman BPO shows door to 180- ITeS-Infotech-The Economic Times

An infraction for willsurelywin for spamming and posting irrelevant news and breaking the flow of the thread.

I guess we can safely delete the last few posts too. Will do that soon too

Cheers,

Nikhil

[anupam will return]

Originally Posted by willsurelywin

in india mumbai office yaar:2gunfire:

<snip> link provided by Nikhil

[Jackal]

Originally Posted by krishsuraj

@ Jackal
Indian I-Banking scene is not as big as US or EU but still it isnt small too. There are many Indian IBs like Kotak, Enam, JM & Avendus which have a nearly 100 strong IB team, though Indian arms of foreign IBs r still very small. Even in the bear market they recruited pretty agressively this year from the B-School campuses.
And regarding consulting, Mck - India has hired 50 new MBA grads for India this year!!!!!!

aah i forgot about the indian investment banks.. they are bigger than the indian arms of global IBs.. but if you look at the volume of business in India and the no. of employees in Indian IBs and no. of employees in firang IBs working on Indian investments.. dont u think the no.s are way too small and insignificant.. In fact if you look at the work outsourced by global banks (read KPOs both captive and 3rd party) it's a lot more.. i dont have figures to substantiate this but correct me if i am wrong..

coming to the gloomy picture, i dont think it's going to last long.. just like the current down-state of the Indian IT industry, this is also gonna pass.. companies are soon going to realize that the only way to save more money and survive this situation is to offshore more work (Barclays recently decided to outsource 1800 IT jobs to offshore locations) i think same is gonna happen with all other work sooner or later.. so i dont think india should have anything to worry about..
counter opinions welcome

-----------------------added later-------------------------
@suraj: well abt the Mck recruitment thing.. i have heard different views on this.. how many of those 50 are for the knowledge center??