Quote:
Originally Posted by aschauhan
(3) BFSI is anyday the highest paying sectors among all... So, the placements stats of Capital Mkt, Banking and Core-Finance are bound to shoot up. ...... Few of the highest paying job profiles could be obtained only in this sector.... Add up the values of specific courses like CFA, FRM (which alone can yield you a decent job), and you can really be 'valued' in the industry.
(4) One obvious reason that could result in marginally lower CTC for banking students (if at all), is that not many among the 30s would be having any "relevant" experience in the banking industry. ... Had someone already worked in the Banking industry for 2 years then would likely to have beaten up any GB student with 2 yrs experience in any industry in terms of CTC figures.
For freshers, it would still be a 'decent' placements... its only for those experienced guys who are trying to "Switch" the career path to enter the banking industry, that the salary stats could be a bit lower than expected.
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arrey merey bhai..maan liya BFSI is the highest paying sector..but do u know what's the actual scene @ MBA-Banking?with not even a single batch having seen the light of final placements(the 1st batch would b passing out in 09) let me give u a picture of the summers this yr..
1)not a single so called BFS bigwig(the ones which actually offer sky-high CTCs) like Goldmann, Lehmann, JPMC etc. had allowed MBA-Banking ppl 2 appear in their summers recruitment process..
2)only 2(out of 30) students could get themselves placed through the placement cell..one at KOTAK and the other at ICICI probably..coincidentally these were the ONLY 2 Fin firms which allowed Banking students to compete alongwith the CORE/CAP-MARK MBA students in their summer recruitments..
3)out of the rest 28, 22 were placed in the same firm(HDFC) by leveraging the personal contact of their HoD..no interviews, no campus visits, no stipend..nothing at all..all "placed" en masse like a bunch of chickens stuffed into a 'tokree' overnight..what's more shocking is that seemingly they're quite satisfied with it..
4)rest 6 were placed in Bank of India, Bank of Baroda etc. etc. Nationalized banks..again without interviews or stipend..God knows since when did Nationalized banks had developed positions for MBAs coz all it takes to be a Manager/Asst-Mngr at any such bank is a simple graduate degree and success in sum crappy All-India Bank XYZ exam..infact Banking ppl had got so desparate that they were even planning to sit for Dena Bank's summer recruitment process..ironically not even Dena Bank had allowed them when it came down to the campus..even if it had, one could only have pity at Banking guys who dreamt of doing summers at Merryl Lynch and landed up in Dena Bank!!
so guys bottomline is that if u want to be an Asst-Mngr at some dilapidated nationalized bank, MBA-Banking is the perfect course for you..as for getting placed with the BFSI MNCs please step aside for the CORE and CAP-MARKS guys..
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