ICWA has no relevance to Investment Banking
Not entirely true if you look at revamped syllabus.ICWA's tend to specialize in cost control and management accounting but they do have knowledge of fund raising,debt/equity analysis,M&A;'s,valuation,corporate finance etc
ICWA has no relevance to Investment Banking
Not entirely true if you look at revamped syllabus.ICWA's tend to specialize in cost control and management accounting but they do have knowledge of fund raising,debt/equity analysis,M&A;'s,valuation,corporate finance etc
Let me rephrase: An ICWA alone will never get you hired into an Investment Bank. Cost accounting and allied fields have no relevance to banking. The reason CA's are taken is 'coz first-attempt CAs are some of the smartest number-focussed people around - and banking is all about the best and the brightest...
Going by your logic, the School of Investment Banking in Mumbai should see the highest number of BB placements, right? But....?
Let me rephrase: An ICWA alone will never get you hired into an Investment Bank.
Maybe , maybe not.ICWA can work in a vaiety of fields such as cost mgmt,budgeting,capital markets etc.The only thing is they are not considered at par with CA's
Cost accounting and allied fields have no relevance to banking.
Agreed but ICWAs have knowledge of capital markets,investments and fields which are related to IB
The reason CA's are taken is 'coz first-attempt CAs are some of the smartest number-focussed people around - and banking is all about the best and the brightest...
Dont need to remind me of that ,im a CA student doing intership(articleship) at a big multinational and have passed my exams in first attempt.My final exam will be in May 2013
Going by your logic, the School of Investment Banking in Mumbai should see the highest number of BB placements, right? But....?
I never said anything like that and dont know what u mean by that line
Maybe , maybe not.ICWA can work in a vaiety of fields such as cost mgmt,budgeting,capital markets etc.The only thing is they are not considered at par with CA's
Cost accounting and allied fields have no relevance to banking.
Agreed but ICWAs have knowledge of capital markets,investments and fields which are related to IB
The reason CA's are taken is 'coz first-attempt CAs are some of the smartest number-focussed people around - and banking is all about the best and the brightest...
Dont need to remind me of that ,im a CA student doing intership(articleship) at a big multinational and have passed my exams in first attempt.My final exam will be in May 2013
Going by your logic, the School of Investment Banking in Mumbai should see the highest number of BB placements, right? But....?
I never said anything like that and dont know what u mean by that line
Hi Jamiroquai/ ethos7,
First of all, I really appreciate your efforts in solving people's queries about investment banking and related stuffs. Keep up the good work!
My query - I have a year and a half work ex. in internet marketing firm (Search engine marketer at a Manager position). I have great interest in IB and even tried getting into it before but could not crack one due to the high expectations of the recruiters. Now, after 2 years of work-ex I want to get into IB. My plan is to first crack a Good B-school in india (Considering MDI-G and NITIE- Mumbai as well), get an MBA, and then try for IB as an analyst(Front or Middle office). I want to know if my work ex would be of great help and would the employer consider my work ex relevant to their business. I have been handling big US clients in my field and have managed big teams as well. I can prove them that I am really good in my domain but would they consider this during my interviews.
Thanks.
Hey big Guyz... Shuld i go for the gmat ..Me 20 yrs ca final ,cs final, bcom final du... I Am doing articleship in one of top 20 firms in india ...Want to go abroad for mba..Have been researching a lot abt banking and stuff... Plz enlighten me...
*PEACE*
I wanted to enquire if which course was better between the foll two:
1) MBA Capital Markets at NMIMS ( 2 years )
2) FT progrm at School of Investment Banking which also include Investment Banking and Equity analysis ( 3 months )
Please also consider placements of the two , integrity and reputation of the two instititutes and the time invested( 2 yrs vs 3 months )
PLZ guide since I a m a fresher right now and decide soon.
Great questions:
1. Investment Banking is the Sell Side. We look to sell our products to the buy-side. The Buy-side typically consists of PE shops, MF houses, private warehousing agents, etc
2. When you say market side, I am assuming you're talking about the trading side, which is not IBD.
3. Based on my re-classification of your definition, would you like to rephrase your second paragraph question?
Note: IB is the major stepping stone before you get into PE / VC. Some parts of IB make it easier than others. Leveraged Finance (Product Group) and Financial Sponsors (Coverage Group), for example - are one of the most versatile groups that bring you closest to a transition to PE.
Also, IPOs and issuing of debt come under product groups in investment banks. If you read my initial posts, you will discover what coverage groups do.
There are two main lines of business in investment banking. Trading securities for cash or for other securities (i.e., facilitating transactions, market-making), or the promotion of securities (i.e., underwriting, research, etc.) is the "sell side", while dealing with pension funds, mutual funds, hedge funds, and the investing public (who consume the products and services of the sell-side in order to maximize their return on investment) constitutes the "buy side". - Wikipedia/Investment Banking.
So I am still not sure of the sell side and buy side differences. I will read about it more in a couple of days and then ask you this question.
The other questions that I asked you were that since I have a trading experience and I have heard that banks(BB) have trading desks too. And yes I meant trading when I referred to market side (your point 2)
1. So I am asking if my trading experience will be helpful/useful/counted in any way ?
Whether it will force me to get into the trading desks or I can still get into the IBD ? ( I dont want to do any more trading )
2. Have you seen people move from trading desk of banks to PE/VC ? coz from whatever little I know the work is not related at all.
3. I am an iit graduate and then went to prop trading and have done no other finance thing/certification. Do you think in these remaining couple of months till june I need to do something to help my cause for a good summer ? (I don't believe in correspondence courses but if it is necessary i can pass them)
I will read your initial posts again and also more on what you said so that I can, maybe, talk sense too. Thank you 😃
Some help would do wonders yar...!!!
There are two main lines of business in investment banking. Trading securities for cash or for other securities
The person who wrote this wiki article is wrong. S&T; is not banking. To elaborate - while S&T; is one of the many things that an investment bank does, so too are treasury activities. This does not mean that treasury activities are the bank's primary revenue generating lines activities. Advisory and Capital raises are the primary revenue generating lines.
...The other questions that I asked you were that since I have a trading experience and I have heard that banks(BB) have trading desks too. And yes I meant trading when I referred to market side (your point 2)
1. So I am asking if my trading experience will be helpful/useful/counted in any way ?
It is a better form of experience than, say, IT or engineering. And post-MBA, a great help in scoring those jobs. However, without an MBA, nopes.
Whether it will force me to get into the trading desks or I can still get into the IBD ? ( I dont want to do any more trading )
This depends entirely on you perform in your interviews.
2. Have you seen people move from trading desk of banks to PE/VC ? coz from whatever little I know the work is not related at all.
Yes, once again thru the magic of the MBA.
3. I am an iit graduate and then went to prop trading and have done no other finance thing/certification. Do you think in these remaining couple of months till june I need to do something to help my cause for a good summer ? (I don't believe in correspondence courses but if it is necessary i can pass them)
...
Well, to make best use of your time, try working thru' CFA L1 and L2 (no need to write the exams). Those are very solid skill sets to have before you enter MBA school and will serve you well to put you at the top of your class is the core finance and accounting classes.
I wanted to enquire if which course was better between the foll two:
1) MBA Capital Markets at NMIMS ( 2 years )
2) FT progrm at School of Investment Banking which also include Investment Banking and Equity analysis ( 3 months )
Please also consider placements of the two , integrity and reputation of the two instititutes and the time invested( 2 yrs vs 3 months )
PLZ guide since I a m a fresher right now and decide soon.
puys plz reply
Maybe , maybe not.ICWA can work in a vaiety of fields such as cost mgmt,budgeting,capital markets etc.The only thing is they are not considered at par with CA's
The purpose of the thread is to disseminate information about investment banking. Do I see any relevance of the ICWA to IB? Its not "maybe / maybe not" There is no grey area here - Its just a big N-O, NO. If you want to wax eloquent about the merits of the ICWA, please start your own thread and try answering the HUGE volume of queries I am sure you will see there
Cost accounting and allied fields have no relevance to banking.
Agreed but ICWAs have knowledge of capital markets,investments and fields which are related to IB
Oh, you know who else have knowledge of skills related to investment banking? English literature majors! (I'm serious- that has the same relevance to IB as ICWA has: refer to what pitchbooks are)
The reason CA's are taken is 'coz first-attempt CAs are some of the smartest number-focussed people around - and banking is all about the best and the brightest...
Dont need to remind me of that ,im a CA student doing intership(articleship) at a big multinational and have passed my exams in first attempt.My final exam will be in May 2013
Well, credit where credit is due, so congrats to you - I'm sure it is well-deserved.
Going by your logic, the School of Investment Banking in Mumbai should see the highest number of BB placements, right? But....?
I never said anything like that and dont know what u mean by that line
You know, arguing for the sake of arguing is annoying. Especially when you're quite obviously just an article trainee and don't have any real work experience.
What I am trying to do is bring in some information about the industry seeing how i am FROM the industry.
You, on the other hand, are trying to confuse and obfuscate information with no real experience or understanding of how this industry works. Not to disparage you, but do you even think about your arguments before you pen them down? (just so you know, this is a rhetorical question - i don't need an answer to this)
@Jamiroquai also help me yar .
*PEACE*
freekyguy007 Says...Want to go abroad for mba...
Hey freekyguy: you need atleast two years full-time work experience before you can apply for your MBA abroad. Try getting this experience in a solid financial firm and then you will be golden when you apply for your MBA or recruit
Hi Jamiroquai/ ethos7,
First of all, I really appreciate your efforts in solving people's queries about investment banking and related stuffs. Keep up the good work!
My query - I have a year and a half work ex. in internet marketing firm (Search engine marketer at a Manager position). I have great interest in IB and even tried getting into it before but could not crack one due to the high expectations of the recruiters. Now, after 2 years of work-ex I want to get into IB. My plan is to first crack a Good B-school in india (Considering MDI-G and NITIE- Mumbai as well), get an MBA, and then try for IB as an analyst(Front or Middle office). I want to know if my work ex would be of great help and would the employer consider my work ex relevant to their business. I have been handling big US clients in my field and have managed big teams as well. I can prove them that I am really good in my domain but would they consider this during my interviews.
Thanks.
Jamiroquai,
I am still waiting for the answer to my query. Hoping for a reply from you soon.
@Jamiroquai. Well thx man 4 the reply.....
but wut kind of firm do u prefer for the 2 yr work ex.....
*PEACE*
You, on the other hand, are trying to confuse and obfuscate information with no real experience or understanding of how this industry works. Not to disparage you, but do you even think about your arguments before you pen them down? (just so you know, this is a rhetorical question - i don't need an answer to this)
I amnotconfusing anybody dont know where u get such hallucinations from.Just because you have a good job doesnt mean you have to be cocky jerk and show your price and show off in every post and undermine other people.
I amnotconfusing anybody dont know where u get such hallucinations from.Just because you have a good job doesnt mean you have to be cocky jerk and show your price and show off in every post and undermine other people.
I am unable to understand why some people here are protesting Jamiroquai and echoes7 informing us about investment banking. They are doing their best to give a better idea about what IB is. Let them do it. What's your problem? If you think they are trying to show off then kindly stop following the thread. Others are finding their posts beneficial. It's not that everyone who aspires to be an investment banker shall eventually become one. But one needs to aspire for the highest and the best in order to reach somewhere and be something although that might not turn out to be what he aspired for initially. And better pay package could be used as a metric to determine a better job.
medhi2006 SaysI am unable to understand why some people here are protesting Jamiroquai and echoes7 informing us about investment banking. They are doing their best to give a better idea about what IB is. Let them do it. What's your problem? If you think they are trying to show off then kindly stop following the thread. Others are finding their posts beneficial. It's not that everyone who aspires to be an investment banker shall eventually become one. But one needs to aspire for the highest and the best in order to reach somewhere and be something although that might not turn out to be what he aspired for initially. And better pay package could be used as a metric to determine a better job.
Thanks, man. Once again, I am trying to:
(i) explain what investment banking activities are - in India & the US
(ii) explain the path that one would take to get in there
(iii) help guide you to pick up pre-MBA careers that will help you come closer to core finance and banking
jamiroquai and echoes7 are doing a wonderful job here,,,,, thx guyz and keep it up......
but wut kind of firm an work ex for 2 yrs do u prefer yar..
*PEACE*
medhi2006 SaysI am unable to understand why some people here are protesting Jamiroquai and echoes7 informing us about investment banking. They are doing their best to give a better idea about what IB is. Let them do it. What's your problem? If you think they are trying to show off then kindly stop following the thread. Others are finding their posts beneficial. It's not that everyone who aspires to be an investment banker shall eventually become one. But one needs to aspire for the highest and the best in order to reach somewhere and be something although that might not turn out to be what he aspired for initially. And better pay package could be used as a metric to determine a better job.
I completely agree