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.
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 !
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
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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.
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.
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.
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.
Ok so it is a Sovereign Wealth Fund ( Abu Dabai to be precise) .I wouldn't classify a Sovereign Wealth Fund(SWF) as a Private Equity Fund.SWFs like to take up large minority passive stakes where they do not have to run the company (the recent injections of capital in Citi,Merill etc) whereas Private Equity on the other hand seeks to obtain control the company so they can improve the performance and resell at a higher price.
Also all the $3-3.5 Trillion petro dollars are not going to be deployed in the Equity Markets just like China's $1.6 Trillion of FX reserves are not . Governments simply do not have the kind of risk appetite to invest all their reserves in high risk Private Equity type of investments .Probably a small amount will be deployed for PE Funds like the one you are working in ,some for passive Equity stakes but the majority will stay invested in Ultra safe securities like Treasury Bills.
Just wanted to tell you all about something which can be a very good career option for anyone interested in pursuing a career in financial analysis.Currently i am pursuing a program called CCAP( CRISIL Certified Analyst Program).Its a two year internship cum study program being run by CRISIL which is the leading ratings, risk, research and advisory company in India owned by Standard and Poors the world's foremost provider of ratings, indices and investment research and a division of The Mc-Graw Hill companies. well the best thing about this program is that its being run in collaboration with NITIE(national institute of engineering) Mumbai. Well i hope how big a brand name NITIE is can be very well known from our engineer friends. CRISIL is the most reputed name in the finance industry. Its a company which helps in framing policies for the Indian Union Budget to advising several state and national governments, rating debt issues of companies. Well we are a group of students in thje course who are working to spread the knowledge about the course in all parts of the country. The entry is through CAT, XAT scores or the CRISIL aptitude test conducted by the organisers. There is no Course fees, actually u get paid a stipend. The course provides faculty from IIMs and experts from the industry. Well all said and done the course is one of the best options available post graduation or engineering but yeah it also is too rigorous providing huge opportunities of learning. It has an inherent value with the Greates BRAND names in the industry CRISIL and NITIE. The last date for application this year is 29th feb. Rest of the structure can be seen on CRISIL Certified Analyst Programme
Disclaimer: Guys this is not MLM being run by us. The students are not gettin' any benefit for spreading this awareness. We just wanna increase the scope of options available to all the students wanting to pursue career in finance. For further info mail me at [email protected]
hey al i needed sm info..........one of my friends is a BCA appeared fr cat this year bt unfortunately dint fare well...........nw she wants to prepare n sit fr cat again in 2008....can sm1 suggest sm kind of short term course or smthn which cud add sm value and learning besides keepin her occupied fr 1 year.....because doin nthn n jst preparin fr 1 whole year is smth thts difficult if nt anyth else thanks in advance
i think ppl here dont know much about Master of finance & control(MFC) by delhi university. this is also a very good course to get a great start in the field of I-BANKING. here ppl are only discuss about CFA. I think this type of course should also be disscussed here. another important thing is that u can see the cost in this course Rs11000/annum. it is comparable if not more to the MBA(finance). it is a very specialised course bending towards finance.
i think ppl here don't know much about Master of finance & control(MFC) by Delhi university. this is also a very good course to get a great start in the field of I-BANKING. here ppl are only discuss about CFA. I think this type of course should also be discussed here. another important thing is that u can see the cost in this course Rs11000/annum. it is comparable if not more to the MBA(finance). it is a very specialized course bending towards finance.
MFC is the proper equivalent of an MBA finance which is offered by DU , The other entrance test conference has a couple of extensive MFC threads , please go through that as it might be of help to you
Can sm1 plz tel me smthin about CQF or MS Quantitative Finance and where can i do it from ..... as both the above wil be very helpful in equity research profile.
Currently I am pursuying MBA from one of B-School in mumbai. Right now i am doing my summers with one of the broking firm in "Derivative Research" department. I would like to know as i am interested to make my career in this field Please answer following ?????
What is future prospect in this field ?
Whether industry allow fresher to enter in this field if yes ? what minimum package they offer?
Furhter i am planning to go for Financial Engineering From UTIIICM is it worth of doing it ?
