Ca va bien, mon ami (amie?), merci beacoup. I have an undergrad degree in engineering and 3 years of investment banking experience in Mumbai. However, I managed to get this first job purely through luck: HR looked at my resume. It was boom time (2007) and they needed people.
Ah, of course it must be sheer luck that HR looked at your resume (Beginner's luck shall I shay?) From what I've heard, in Finance someone rarely peeks at one's resume.
So you managed to get directly into investment banking without any course, any certificate or you got help of any reference? How was the interview process?
Ah, of course it must be sheer luck that HR looked at your resume (Beginner's luck shall I shay?) From what I've heard, in Finance someone rarely peeks at one's resume.
So you managed to get directly into investment banking without any course, any certificate or you got help of any reference? How was the interview process?
I had attended the BSE Certificate Course in the Stock Markets back when it was guest starred by (Mr.?) Ram three years prior to applying. Since then I'd been following the market and understood a fair amount of finance. Of course, it was as good as you could get without knowing anyone in finance.
Here's a request to those who're PMing me - please write in full sentences. I'm from the magic generation that understands smart phones but doesn't understand SMS lingo. My sister and my cousins and apparently anyone born two years after me are able to understand sms lingo fully well. Not me.
Here's the rub: if you're going to be too lazy to write full sentences, you can only imagine that I'm gonna be too lazy to bother to read.
Have been following this thread for long.. & just wanted to say u r doin a terrific job..a big thanks for that
now coming down to the table...well m a CA working for ICICI bank in the treasury middle office for the Singapore branch but having realised that being a CA isnt gonna get me further than this i have started the CFA preps in the hopes of getting out of India...in investment banking space of course since this is my work & knowledge area.
Just wanted to understand from u a couple of things
One, I dont want to get into the front office coz i dont see that Trading streak in me so what r the roles i can take up & how the CA+CFA+WorkEX thing can be put to use out of india since IB jobs here fall under the back office category only whatever fancy designation is attached to them.
Two, Will my current designation count there as i m at Manager level here
Have been following this thread for long.. & just wanted to say u r doin a terrific job..a big thanks for that
now coming down to the table...well m a CA working for ICICI bank in the treasury middle office for the Singapore branch but having realised that being a CA isnt gonna get me further than this i have started the CFA preps in the hopes of getting out of India...in investment banking space of course since this is my work & knowledge area.
Treasury isn't connected to investment banking, it is connected to commercial banking
Just wanted to understand from u a couple of things
One, I dont want to get into the front office coz i dont see that Trading streak in me so what r the roles i can take up & how the CA+CFA+WorkEX thing can be put to use out of india since IB jobs here fall under the back office category only whatever fancy designation is attached to them.
You're talking about getting into trading. Trading is a part of S&T; and is not connected to banking.
Depending on what your workex has been, I think you can apply to jobs in Dubai (am not so sure any other country has much regard for this combination since they view a CA and a CFA as overlapping)
Also, I worked for 3 years in investment banking in India in client-facing roles in front-office. So, not all IB jobs fall under bank office in India, just most of them.
Two, Will my current designation count there as i m at Manager level here
In Dubai, probably (50-50). Depending on the role you're recruiting for.
Hello jamiroquai, Appreciate how you have patiently answered queries for the better part of an year in this thread.
I am an undergraduate from a top college with a gmat score of 770 and good extracurriculars.
What do you think about the chances of getting front end i-banking analyst profiles after completing an MiM( masters in management) from say LBS or HEC - Paris. Is it worth the money and the time investment considering that I would want to do an MBA in the future. The sole aim in doing MiM is to change my career track to finance.
Or is it better to slog it out, join the top 3 IIMs and again slog it out for those roles ( which are very few in number with a huge competition vying for these roles)
... What do you think about the chances of getting front end i-banking analyst profiles after completing an MiM( masters in management) from say LBS or HEC - Paris. Is it worth the money and the time investment considering that I would want to do an MBA in the future. The sole aim in doing MiM is to change my career track to finance.
Or is it better to slog it out, join the top 3 IIMs and again slog it out for those roles ( which are very few in number with a huge competition vying for these roles)
LBS and HEC are worlds apart. However, if your plan to switch career tracks and you have time and money on your side - this seems like a good (but very long-drawn out) idea.
I have a few questions. Ill be grateful if you could answer as im a bit worried:-(
1. How big/small are the brands of institutions like IIM's A,B,C,L,K,I,FMS,XL,Bajaj in large multinational banks. They are renowned in India but what about US,UK.
2. How far does this brand help when you work within the bank. I have heard all matters is your work but this should give some push/advantage. What is the advantage?
3. Is it worth aiming for the top 3 even if there's a FMS/XLRI/bajaj/MDI admit ?
4. I am aiming at front office roles,I have average acads, will a CFA add value to my profile.
Very grateful to you and others who have shared top notch information which is next to impossible to get otherwise anywhere on the internet. I'm lucky to have stumbled upon this thread early in my life. I'm in third year engineering at VJTI, Mumbai. I have decided to make my career in IB FO. As a stepping stone, I've given NSE's NCFM and scored what most candidates score. I know it really doesn't matter but in my opinion, giving a few more relevant modules will show my interest towards finance to the interviewers of the B-Schools. Will be appearing for CFA L1 after my 7th semester ends in December 2012. As you have mentioned in your earlier posts, it will help me take off a little pressure during my first year of MBA. Coming to MBA, will make sure to work my level best to get into ABC.
At the moment, since I have time on my side, I want to know more about IB. Will start reading Mergers & Inquisitions as suggested by you in one of your earlier posts but I was thinking to go through Vault's Career Guide to IB first, but I'm a little apprehensive about the content since it was published in 2006. Need your opinion on that.
Also, what according to you should I start preparing so that I can bag an internship next summer somewhere close to IB or better, what kind of experience should I look for, next summer?
I have a few questions. Ill be grateful if you could answer as im a bit worried:-(
What are you worried about?
1. How big/small are the brands of institutions like IIM's A,B,C,L,K,I,FMS,XL,Bajaj in large multinational banks. They are renowned in India but what about US,UK.
The IIMs are well-known and will help you find employment abroad. Not so much Bajaj, XL and FMS.
2. How far does this brand help when you work within the bank. I have heard all matters is your work but this should give some push/advantage. What is the advantage?
Internationally, the IIM brand won't be a big swinger once you're in a bank. An ivy league brand would be, so would a top school scholarship.
In India, the IIM brands really really make a difference
3. Is it worth aiming for the top 3 even if there's a FMS/XLRI/bajaj/MDI admit ?
MDI doesn't count as top tier in my books, sorry. Aim for top 3, the payoff will follow you all your life.
4. I am aiming at front office roles,I have average acads, will a CFA add value to my profile. ...
... I have decided to make my career in IB FO... At the moment, since I have time on my side, I want to know more about IB. Will start reading Mergers & Inquisitions as suggested by you in one of your earlier posts but I was thinking to go through Vault's Career Guide to IB first, but I'm a little apprehensive about the content since it was published in 2006. Need your opinion on that.
Give the Vault a pass and go straight to the book
Also, what according to you should I start preparing so that I can bag an internship next summer somewhere close to IB or better, what kind of experience should I look for, next summer? Cheers!
I'd be happy to talk to you personally, in two weeks from now. Feel free to PM me for contact details.
hello jamibhai , i m in 2nd eng (and i want to do a cfa - usa) from where should i start , i mean which books , my eng schedule is very very tight so i want to start the prep early . i know after registering we do get books from them bt which other books in the market can be used so that i can buy them
@ target IIMC, this is a thread about i-banking , not the CFA. Since you are studying engg. go through some accounting books. I am going through my A/c'ing books ( even after being a B.com grad) to understand normalising/ scrubbing the balance sheet, income and cash flow statements just to practice spreading Comps and understand where the shenanigans are of INDIAN Cos.
@ Jamiroquai , what has your experience been in sanitizing the IS/ BS statements ? Did you have a template or software that would do the work for you or were you trained to adjust statements thoroughly to spread comps.
I believe the Rosenbaum book just give a peek at what nomalising the statements mean.
Sklar the aim is IB (front off) for which i aim iim and cfa - if you hv something better than cfa you can suggest or something to start off wid . i thought cfa books or prep would be good to start (apart from cat prep which is obvious)
Sir, I am planning to pursue my MBA from U.S. in the state of michigan.The university is not tied with any investment bank for internship but with bank of michigan and some other bank.There are 2 options for doing internship in finance field- 1.Work in a bank as analyst or, 2.Work in some manufacturing corporation where they will provide me experience in the treasury management. Q.If I do my internship from any of these 2 options,will it help my resume to get better for applying job in BB investment banks?And also which option is better? The internship is for about 11 months and the curriculum is general management.So it's more imp. for me to get my internship in the industry/function where I wanna proceed. Put some insight.Thanking in Advance!
... @ Jamiroquai , what has your experience been in sanitizing the IS/ BS statements ? Did you have a template or software that would do the work for you or were you trained to adjust statements thoroughly to spread comps.
I believe the Rosenbaum book just give a peek at what nomalising the statements mean.
I studied intermediate accounting in business school (at a level slightly more advanced than CFA L3) which is basically off-balance sheet accounting. As always, the notes are the key to understanding what the balance sheets are going on about. What also helps is having an intricate understanding of what the financial statements are being precise about and what is being left out ambiguously. I've also done a whole bunch of I/S analyses on revenues and adjustments.
There are no generalized templates for these adjustments and they must be made with an understanding of how (a) Accounting is done for that industry and whether this statement demonstrates all the information required to calculate those benchmarks and (b) Whether there is any information I might need to be implicitly aware of
Short answer to your question: Everyone needs to manually perform adjustments to all metrics of the IS and BS.
(Beginner's luck shall I shay?) From what I've heard, in Finance someone rarely peeks at one's resume.