[akhil_agg912]

Originally Posted by akhil

I am rank holder CA and currently working in Kotak Investment Banking as Analyst .To get an entry level break in the world of finance, you need qualification specifically related to finance. Passion for finance is good thing but if i ask you to calculate Beta of a security, you can not. That is perfectly normal as you have not learned your theory concepts.

Top MBA is desired for a head start. The other solution which i will recommend to you is to do CFA (AIMR/ICFAI). My company prefer CFA + engineer background for areas like Applied Finance, Financial Modelling etc. You dont have to leave your job. Study consistently every evening and on weekends and appear for exams. Take your time and learn your finance concepts well. In interview they are going to ask you all the basic concepts and you need to be expert.

Regards,

Akhil.

hi Akhil!

Thanks for replying to this thread. I am sure it helped many like me - aspiring for ER/IB.
I am a mech engg from NIT Kkr and currently pursuing mba in finance from scmhrd.
i understand that CFA can give anyone a head start in this field but as u said MBA can also be an entry pass.
Can u throw some light on opportunities in ER/IB and few companies that hire off campus for these profiles.

[Tumtum]

Originally Posted by akhil_agg912

hi Akhil!

Thanks for replying to this thread. I am sure it helped many like me - aspiring for ER/IB.
I am a mech engg from NIT Kkr and currently pursuing mba in finance from scmhrd.
i understand that CFA can give anyone a head start in this field but as u said MBA can also be an entry pass.
Can u throw some light on opportunities in ER/IB and few companies that hire off campus for these profiles.

Many "AKHIL(s)" here huh !

Anyways, its really good that you are in SCMHRD.....its got good brand-value but unfortunately Pune is not the right place to be in.
Try and network with someone in Mumbai and attract ER/ IBs offering a research profile to SCMHRD. I know there might be a few turning up at ur campus but try and do an internship at Citigroup Investment Research, JPMorgan, Deutsche Bank or the like and perform well to get a PPO. Thats how you can get a headstart. Later on you can do ur CFA stuff while working.

Regards,

Tumtum.

[akhil]

hi Akhil!

Thanks for replying to this thread. I am sure it helped many like me - aspiring for ER/IB.
I am a mech engg from NIT Kkr and currently pursuing mba in finance from scmhrd.
i understand that CFA can give anyone a head start in this field but as u said MBA can also be an entry pass.
Can u throw some light on opportunities in ER/IB and few companies that hire off campus for these profiles.

After my CA, i applied to HSBC asset management and fidelity .I didnt made it. Top fund houses usually go for IIM finance or MBA Finance/CFA with 2 years relevant experience.

You should start with KPO like progeon or irvena (chennai) or any other branded KPO. Just make sure they give you proper analyst profile and not information management/database etc. Then after relevant experience of arnd 2 years, shift to domestic fund houses. The companies which hire off campus are UTI, sundaram BNP paribas,kotak mahindra, canbak, deutsche.

Kotak Investment banking follow wall street type approach. First, second and third year analyst. Then first, second and third year associates. Then AVP, VP etc. I am currently second year analyst and involve closely with IPO pricing, asset valuation and client executive. The last term is what makes this job difficult and inspiring. I have to make presentations to top management regarding their IPO and closely involved with AVP pitching business. I was closely involved with Allsec Technologies IPO and actively involved in Shoppers Stop and HT Media IPO. Life is brutual out here but i think i can stretch my limits till 30 !

Cheers,

[ideacrash]

Originally Posted by akhil

Kotak Investment banking follow wall street type approach. First, second and third year analyst. Then first, second and third year associates. Then AVP, VP etc. I am currently second year analyst and involve closely with IPO pricing, asset valuation and client executive. The last term is what makes this job difficult and inspiring. I have to make presentations to top management regarding their IPO and closely involved with AVP pitching business. I was closely involved with Allsec Technologies IPO and actively involved in Shoppers Stop and HT Media IPO. Life is brutual out here but i think i can stretch my limits till 30 !

Cheers,

well can u explain why life is brutal there and what plans u have after 30

Thanks in advance

[love_afx]

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[akhil]

well can u explain why life is brutal there and what plans u have after 30

Thanks in advance

Investment Banking (Corporate Finance and M&A) is brutal- 90-110 hours per week. :angry:. May be head to maldives for meditation retreat after 30.

I have left investment banking and working with private equity firm (AUM- $ 900 billion) as analyst. Life here is okay with 70-75 hours per week, occassionaly extending upto 80 hours per week.

[rajatb]

Originally Posted by akhil

I

I have left investment banking and working with private equity firm (AUM- $ 900 billion) as analyst. .

900 billion is that a typo?? That would come very close to the market cap of BSE or the GDP of India!!

[konqueror_vivek]

Originally Posted by rajatb

900 billion is that a typo?? That would come very close to the market cap of BSE or the GDP of India!!

US MF Industry has AUM of 9,000 billion, he is talking of an equity fund having around 10% of AUM :confused: of whole industry

[akhil]

900 billion is that a typo?? That would come very close to the market cap of BSE or the GDP of India!!

Yea..you are right. They have not invested whole of $ 875 billion (to be exact) but thats the kind of money they have.

Petrodollars are worth around $ 3-3.5 trillion (3 times the Indian GDP). Saudi Government alone have $ 900 billion. Saudi have just started equity investing with initial capital of $ 6 billion.

Here is the link:

Saudi plans world's biggest wealth fund - Banking & Finance - ArabianBusiness.com

[konqueror_vivek]

Originally Posted by akhil

Yea..you are right. They have not invested whole of $ 875 billion (to be exact) but thats the kind of money they have.

Petrodollars are worth around $ 3-3.5 trillion (3 times the Indian GDP). Saudi Government alone have $ 900 billion. Saudi have just started equity investing with initial capital of $ 6 billion.

Here is the link:

Saudi plans world's biggest wealth fund - Banking & Finance - ArabianBusiness.com

This is huge money, it is far more than PIMCO, I wonder when they deploy this to markets!