hi m new here ...... m in psu bank with 2.5 rs of exp....looking after the entire accounts dept.... have dont integrated btech(it) and mba .....m thinking abt doing mba again but confused between indian mba n foreign mba..... suggest me wats gud for the career ...........my 12th mars is 59%

Hi.i will do MBA in capital market from NMIMS. Suggest me d ways 2 get into front end or middle end investment bank job.

Hi everyone,

I had been following this thread for quite a long time. Before I ask any question I would post my profile here.

Class X:- 82.375%
Class XII:- 84.9%
Grad:- Maths Hons. Stood First in College(St Xaviers Kolkata) with 65.61%
MBA: FORE School of Management. TGPA 2.67/4
Work Ex:- 1 year as Process Analyst (Six Sigma) in SBI Life
Currently, I am studying Actuary and plan to specialize in the investment domain of Actuary. I know with my current profile I cannot get a front office investment banking job. But I have a plan for it. Kindly let me if it is the correct path to follow:-

Completing 6 papers of Actuary, CFA level 1 and CFA level 2, FRM level 1 and Level 2, 1 year of work ex in a small company in a pure finance profile, GMAT, Executive MBA from ISB, Investment Banking.

Also is 1. Trading 2. Equity research a front office job in Investment Banking. Kindly answer

@Vishal99 said:

Hi everyone,

Guys i need help from u all seniors...

Actually im working in ANZ in mortgage load department as Document Preparing Officer... Just wanted to know how is the career in mortgage loan department.... Any suggestions or advice? please reply... Thanks

Hi everyone,

@guddulovesgudia Yes definitely. If you can get into corporate finance or equity research roles and perform well in that job, then definitely you have a shot at an I bank. But do the following:

@ashmole2009 : i completely understand your point ... thnk u sooo much !!!

@guddulovesgudia said:

@ashmole2009 so you feel a ms in finance (ivy league or so )is a much better option the mba finance (from colleges like i mentioned) to get into i banking sector

@ashmole2009 so you feel a ms in finance (ivy league or so )is a much better option the mba finance (from colleges like i mentioned) to get into i banking sector

@guddulovesgudia said:

@ashmole2009 : how about getting a masters n finance from an ivy league college ???

@guddulovesgudia
X: 94%
XII: 91%
B.E :7.3(CGPA)
WORK-EX :8 MONTHS(at a private finance company)

I plan to specialize in finance and like every1 want to get a IB job

@@ashmole2009 : will it solve the purpose or is it completely out of the line ??moreover can u pls share your profle

@ashmole2009 : how about getting a masters n finance from an ivy league college ???

@ashmole2009 said:

Goldmans would not recruit for ER and Corporate Treasury from SIIB, even if their placement report says so. If a student has got into this area from SIIB before, I can bet it was through contacts/networking.If IB is your aim, I would not go to SIIB. You are much, much better off retaking the CAT whilst working. IB's are highly selective, they will only recruit the top 10% of ABC's etc.

@guddulovesgudia said:

i am a chemical engineer who worked in a precious metal refinery in iindia..i left my job and appeared for the CAT but did nt happen to land up a good percentile.. thru snap i mght get SIIB ,Pune which has Goldman Sacchs recruiting from its campus for i guess equity research or corporate treasury..i wanted to get into inves. banking but not as a part of a Global Research Centre (KPO's)..Can U suggest me a way out !!!

@ashmole2009 : May be as an analyst or an associate after some relevant work ex and den probably can move up ..

i am a chemical engineer who worked in a precious metal refinery in iindia..i left my job and appeared for the CAT but did nt happen to land up a good percentile.. thru snap i mght get SIIB ,Pune which has Goldman Sacchs recruiting from its campus for i guess equity research or corporate treasury..i wanted to get into inves. banking but not as a part of a Global Research Centre (KPO's)..Can U suggest me a way out !!!

@guddulovesgudia said:

@ashmole2009 : please tell me if i can get into front office job in the same after some relevant experience in corporate treasury etc. and a cfa(u.s) certfication...please help me i m n a dilemma !

@ashmole2009 : please tell me if i can get into front office job in the same after some relevant experience in corporate treasury etc. and a cfa(u.s) certfication...please help me i m n a dilemma !

@guddulovesgudia said:

@Jamiroquai : can u tell me if colleges like siib , pune help u enter banking jobs in a boutique firm

@Jamiroquai : can u tell me if colleges like siib , pune help u enter banking jobs in a boutique firm

@guddulovesgudia i cudnt make to top 20 ! its juz dat is there a way to working out with the given options ...

@guddulovesgudia : i cudnt make to top 20 ! its juz dat is there a way to working out with the given options ...

@harrypotter24 : I need some help and advise !!! i will not be able to get to top 20 b schools .. however might get into college where companies come and offer profiles like corporate treasury,equity research etc. i have already left my job and really do not have option then to join a b school. Can i still go into i banking after having the aforementioned profiles and pursuing CFA ??? Plz help and suggest

@ashmole2009 i meant the company itself tranferring you aborad...

@harrypotter24 said:

@phoenix2013

@phoenix2013 xlri/fms/mdi = definitely

@phoenix2013@phoenix2013 xlri/fms/mdi = definitely

@Jamiroquai said:

To Dubai and the middle-east - yes. However, to the developed world, it is pretty difficult (which is a tragedy because the skills are very transferable)

@freesurfer Are you an engineer?From any premier college?If yes to both then you have a heads up. Financial risk management is nascent in India and is mostly dominated by engineers from premier colleges due to its quant intensive syllabus. If you have not MBA try getting into a good B school. If you have already started, then do go for FRM. It scores over PRM any day. Take a good look at job descriptions for risk management. Most entertain only engineers with experience in finance related activities and FRM.I doubt you can ever enter an IB with a risk related role and move on to a front desk position. Both jobs are poles apart. Front end IB roles are only offered to MBAs from top 5 institutes. Also IB requires very little quant and more corporate finance. Hope this answers your question.

@harrypotter24 That is an excellent analysis. One question- I am very much interested in pursuing PRM/FRM and go in for a Financial Risk Management role, along with an MBA. How far will PRM/FRM will help me succeed in the financial world? I know that Financial Risk Management is getting more importance, so would it be possible to enter an IB through the risk management role and move upwards? How attractive is it currently? Any light shed on these questions by you ( or by any fellow puys) would be most welcome!!

A post dedicated to Puys wanting to know more about CFA and also about entering the finance industry, specific to India alone. Also when i refer to MBA it pertains only to the top 20 institutes alone.The bitter truth for most of us is that CA and MBA are the only two avenues to succeed in the finance industry.
CA: CA is undisputed the best way to succeed and dominate the finance field. Rank holders and first attempt (CPT,IPCC and Final) candidates are always favored. ICWA and CS do have their niche area of excellence, however in terms of pay or breadth of opportunities, fall behind CA. A CA combined a CFA or MBA is a deadly combination in the investment or related industries.
MBA: MBA from top 10 colleges (older IIMs,XLRI,FMS,SPJIMR,MDI,NMIMS) is an excellent way to pave your career in finance. You have a plethora of options if you graduate from these colleges.For students graduating from Colleges ranked 10-20 (eg: SIBM,XIMB,SCMHRD,IIFT), the options are definitely as wide as the top 10, however they do have the opportunity to switch over to better profiles after a few years of experience.
CFA: If you do not have the above two (Assuming you are not an IITian), it is impossible to succeed in the finance field. Finance is a very qualification driven profession. Not a single profile will ask for CFAs. However every single profile will either desire for an MBA or a CA.
BOTTOM LINE: Start with CFA only if you are already are a CA or a top 20 B school graduate or an IITian. A quick search on linkedin of successful finance professionals in top companies will show most of them having CFA. However this is misleading. As most of them got into those positions more importantly due to the above mentioned qualifications rather than just a CFA.
For engineers: Focus on MBA
For commerce students pursuing professional courses: Focus on CA. If not CS/ICWA.
There are exceptions to every case presented above and in life too. Soo kindly refrain from any disagreements ,as no advice can be free from errors. Thank You.

Can somebody clear my queries:
I want to know of Back Office Jobs at IBD (Investment Banking Division). I will be joining one IBD @ BO and want to know if it is the right step. Also, are there transitions from BO to MO/FO @ IB.I have also heard some alert messages at various websites suggesting to avoid BO jobs @ IB. Moreover, its said that these jobs will never get your career driven in right direction as there is no respect to people working in BO. You always gets treated like a labor as you are not making profit for banks just correcting the books. Is working in BO be consider as long term career. Is it really worth.
Also, does my CFA (I have just CFA 1 and hopefully will complete 2,3 till next year) help me in transiting to FO/MO.
And can I apply to FO/MO to other bank other than my present BO IBD.
SBI Caps is PSU, so the intake there is from SBI PO exam or lateral posting happen from SBI to SBICAP. What is there intake procedure.?

@freesurfer said:

@ashmole2009 Thanks a lot!! Another question ( one begets another!!) Do you think a MBA+FRM/PRM with strong quantitative/modelling background has a chance of breaking into this career path, or is a Masters in Fin. Engineering a must?

@ashmole2009 Thanks a lot!! Another question ( one begets another!!) Do you think a MBA+FRM/PRM with strong quantitative/modelling background has a chance of breaking into this career path, or is a Masters in Fin. Engineering a must?

@freesurfer said:

I know that it is not directly related to IBanking, but most big banks ( including IBanks ) have a very robust Risk Management division. Can anyone shed some light on the career life and path in that division? What are the chances of moving up in the bank via the Risk division?

@ashmole2009 said:

Don't MBA students at top b-schools in India work 100 hours+ a week?

I know that it is not directly related to IBanking, but most big banks ( including IBanks ) have a very robust Risk Management division. Can anyone shed some light on the career life and path in that division? What are the chances of moving up in the bank via the Risk division?

You just have to drink a lot of Red Bull, and look forward to the weekends. You only do these 100 hour weeks for the first few years of your career and you only do this in IBD. Not being rude, but are you aiming for IBD in India from a 2nd tier college? Even most IIM A grads struggle to get into IBD...just a thought.

@ashmole2009 said:

Don't MBA students at top b-schools in India work 100 hours+ a week?

@CatNamoNamah said:

How do you pull off a 100hrs work a week ?
I mean that's so impossible for normal guys like me ?
I want to do it too. Advice please ?