HI GUYS...................
ON PREVIOUS THREADS IT WAS MENTIONED THAT FMS(DELHI) STUDENTS ARE NOT OFFERED FRONT END INVESTMENTBANKING ROLES.BUT LOOK AT THE SUMMER PLACEMENT REPORT OF THIS YEAR
FMS Delhi proved yet again that it is a preferred destination for recruiters in the financial sector. Almost one-third of the batch showed preference for finance profile across various roles. Front-end Investment Banking, Private Equity, Venture Capital, Treasury & Markets roles were some of the most preferred ones in the financial domain. Despite negative market sentiments, leading companies in the finance domain recruited FMS students for varied roles in their organization. NM Rothschild hired from FMS for the first time for its Investment Banking division. Leading Investment Banks like Avendus Capital, O3 Capital and Langham Capital also recruited students for their coveted front end I-Banking roles. Legacy recruiters in financial domain like American Express, Citibank, Deutsche Bank (CIB), Goldman Sachs, HSBC and Standard Chartered Bank entrusted faith in the students once again, recruiting in good numbers across diverse profiles. DBS offered exciting opportunities across Markets, Treasury and Corporate Finance divisions to students at FMS, Delhi. 
DOES THIS MEAN THAT NOW FMS STUDENTS ARE OFFERED SAME FRONTEND I-BANKING ROLES AS PAR WITH IIM A,B,C,XLRI&JBIMS;
PLEASE REPLY AS I AM REALLY CONFUSED:nono:
I am a bachelor of management studies student and live in Mumbai. I passed the CFA level 1 exam and will be done with university this year. I am looking forward to working in an Investment bank in the city. Do I have the credentials for an analyst post and what are the options open to me?
Hi, I have secured 99.97 percentile and an all India rank 18 in CMAT ......hence, barring a disastrous gd/pi, I am a certainty for JBIMS through the all India quota..I also have calls from the 6 new iims, although I am not very optimistic about converting them..I am a fresher (Last year of engineering) and getting into IB is my dream....However, I read a book (Monkey Business-J. Rolfe and P.Troob) which is an insider's take on the world of IB..The authors mentioned that banks typically pick as associates primarily those who have experience in IB as an analyst....the only way for a fresher is to land himself a job as an analyst in the summer placements ....Do you think that JBIMS will help me achieve my dream or should I have another go at CAT and try for the older iims????
hi, i m pursuing mba finance. Can u plz tell me as to which topics should i pay more attention to have a strong base to get into investment banking.thanks.
hello guys ...I will be doing MBA from say 30+ ranked B schools my question is from here what are the steps that I should take to reach the profiles offered similar to say big A,B,C,FMS XL....or it just an impossibility and i should not invest my time in it and look for other options
same query
Puys can some one tell me how are twinning programs treated in india and abroad???
jasah Sayshi, i m pursuing mba finance. Can u plz tell me as to which topics should i pay more attention to have a strong base to get into investment banking.thanks.
corporate finance / managerial finance
law - contracts / securities
accounting - basic gaap accounting, also try getting a higher level accounting course which deals with deferred tax assets / liabilities, AROs, etc
I will be glad if someone can reply on this! what are the Job profile options available after doing MS in computer science from usa?
Thanks
@Jamiroquai: What's your opinion on IDFC-PE? You earlier mentioned that the largest PE players in India are US megafunds such as Carlyle, Warburg Pincus, Bain Capital and Indian managers like IL&FS; etc. Where does IDFC-PE fit in? I am not asking about where they invest, but what their reputation is like? Is it considered a top-notch firm?
Also, I joining one of the 3 premier b-schools in India. Should I start contacting alumni for informational interviews? I am pretty vela till school starts in June.
Also, I joining one of the 3 premier b-schools in India. Should I start contacting alumni for informational interviews? I am pretty vela till school starts in June.
Yes, but be careful. You want to appear interested and eager, but not uninformed and undercooked. So, tread carefully...but do tread.
Adiyogi
Yes, but be careful. You want to appear interested and eager, but not uninformed and undercooked. So, tread carefully...but do tread.
Adiyogi
I am moving back to India after a decade outside. Can you please tell me whether there's a culture of informational interviews here? I know in America to get an ibanking job, one has to make NYC treks, talk to alumni, do informational interviews etc.
Not sure whether there is such a culture in India. Are people receptive? Should I even use the word "informational interviews" while emailing them or say "need your advise"?
Btw if and when I do informationals, I am doing to stick to the Mergers and Inquisitions guide to informational interviews.
Also, what would be your opinion on IDFC?
I am moving back to India after a decade outside. Can you please tell me whether there's a culture of informational interviews here? I know in America to get an ibanking job, one has to make NYC treks, talk to alumni, do informational interviews etc.
Not sure whether there is such a culture in India. Are people receptive? Should I even use the word "informational interviews" while emailing them or say "need your advise"?
Btw if and when I do informationals, I am doing to stick to the Mergers and Inquisitions guide to informational interviews.
Also, what would be your opinion on IDFC?
Well, as far as I know, most people working in i-banks in India are not receptive to such interviews. In all probability, your mail will probably be directly sent to the spam folder.
Folks are generally open to interacting with students of their college, that too preferably in an event organised for that very purpose. And believe me, college association is way stronger than you can imagine in India.
I might be wrong on all of the above, not having really worked in banking industry. Jamiroquai will probably be able to give the best answer to this question.
I am moving back to India after a decade outside. Can you please tell me whether there's a culture of informational interviews here? I know in America to get an ibanking job, one has to make NYC treks, talk to alumni, do informational interviews etc.
Not sure whether there is such a culture in India. Are people receptive? Should I even use the word "informational interviews" while emailing them or say "need your advise"?
Don't have first hand experience in the "moving-back" part, and so, take my response with a grain of salt. Colleagues who have moved back have done so at relatively senior levels, where there's a convergence in approaches to recruitment across the U.S. and India. It becomes a much more personal network oriented and squishy/unstructured process rather than a structured one. At more junior levels, culture of informational interviews does exist, but the "interviews" themselves progress differently. Reason being that recruitment for someone like you would be an exception rather than the norm.
Btw if and when I do informationals, I am doing to stick to the Mergers and Inquisitions guide to informational interviews.
Like I alluded to earlier, not sure it would be good idea to follow this to the T. That said, you will have to touch and feel your way through, and be ready to convincingly answer "why India", "why now", and "why/how India Banking now for you" kind of questions.
Also, what would be your opinion on IDFC?
Don't have one over and above what you would be able to find online/through other intelligent resources. If unable to find any intelligence, revert back, and I can get some insights. If I were to think through, would argue that you are balancing across two orthogonal dimensions: global prestige and resources of a Warburg or a Bain Cap., vs. the local reach and grassroots relationship network of a more local establishment. I may be totally off base, of course.
Good luck with your move.
Adiyogi
Don't have first hand experience in the "moving-back" part, and so, take my response with a grain of salt. Colleagues who have moved back have done so at relatively senior levels, where there's a convergence in approaches to recruitment across the U.S. and India. It becomes a much more personal network oriented and squishy/unstructured process rather than a structured one. At more junior levels, culture of informational interviews does exist, but the "interviews" themselves progress differently. Reason being that recruitment for someone like you would be an exception rather than the norm.
Well I am joining IIM A/B/C so I won't be an exception. I just wanted to build my network before school starts. I am going to be in Mumbai for a few days before joining the institute and want to make productive use of my time. Yes ABC do get awesome OCR, but hey no harm in networking right?
Plus there are a few funds in areas I am interested in (infra PE funds) that come for OCR. I just wanted to build relationships before coming to campus and learn about Indian space. I want to do this to convey my interest in the space and tell them that I have thought hard and deep about why I want to do it. I think my background in infrastructure engineering + A/B/C would probably make me an ideal candidate for infra PE funds, but I am unable to figure out their selection criteria for interviews at A/B/C, hence I am a bit agitated. A/B/C is a once in a life time opportunity and I want make full use of it and not squander it like I did with my undergrad. I don't want to take any chances and meet the funds before I start school. Btw I will be mostly contacting my school alumni. I already have an excel spreadsheet of my school alumni at various banks/funds and I am itching to reach out to them.
If/when I do informational interviews, I am going to talk about their dealflow, local vs international M&A;, culture at the company etc at a bank. If a PE fund I will probably discuss their investment criteria , their value add, exit policy etc. And since recruiting is driven by alumni, I figured being in touch with them wouldn't hurt.
Like I alluded to earlier, not sure it would be good idea to follow this to the T. That said, you will have to touch and feel your way through, and be ready to convincingly answer "why India", "why now", and "why/how India Banking now for you" kind of questions.
Yes I faced those questions in my b-school interview. I am going to revisit those before interviews.
Don't have one over and above what you would be able to find online/through other intelligent resources. If unable to find any intelligence, revert back, and I can get some insights. If I were to think through, would argue that you are balancing across two orthogonal dimensions: global prestige and resources of a Warburg or a Bain Cap., vs. the local reach and grassroots relationship network of a more local establishment. I may be totally off base, of course.
Good luck with your move.
Adiyogi
I see your point about prestige v local relationships. The local Indian players, especially the ones like IL&FS; and IDFC-PE that are backed by Indian financial institutions, probably have deeper connections in the country. As far as their investment goes, they seem to have invested in quite a few critical area which I find very appealing. I find their investments in critical Indian infra projects to be quite appealing. From a cursory glance at portfolio cos, foreign funds otoh seem to have mostly invested in consumer space.
Thanks so much for your time!
Hello friends..
am totally new to this field.. but please help me out.. i will be Joining UBS Verity as an investment banking associate.. but the job is completely back end where i have to just calculate a few things and send the analysis to its other global offices. I would like to know that is there any way i could get into investment banking front end in near future???? if not then what should i do.. and if yes how to approach it.... also have enrolled for CFA L1 June as well..
Well I am joining IIM A/B/C so I won't be an exception. I just wanted to build my network before school starts. I am going to be in Mumbai for a few days before joining the institute and want to make productive use of my time. Yes ABC do get awesome OCR, but hey no harm in networking right?
That will help. Prior experience, and legwork will certainly propel you ahead of the class.
Plus there are a few funds in areas I am interested in (infra PE funds) that come for OCR. I just wanted to build relationships before coming to campus and learn about Indian space. I want to do this to convey my interest in the space and tell them that I have thought hard and deep about why I want to do it. I think my background in infrastructure engineering + A/B/C would probably make me an ideal candidate for infra PE funds, but I am unable to figure out their selection criteria for interviews at A/B/C, hence I am a bit agitated. A/B/C is a once in a life time opportunity and I want make full use of it and not squander it like I did with my undergrad. I don't want to take any chances and meet the funds before I start school. Btw I will be mostly contacting my school alumni. I already have an excel spreadsheet of my school alumni at various banks/funds and I am itching to reach out to them.
Guess is recruiting in this space will be unstructured. Prior reaching out will help. Staying organized (spreadsheet) will be a life-saver. Trust me.
If/when I do informational interviews, I am going to talk about their dealflow, local vs international M&A;, culture at the company etc at a bank. If a PE fund I will probably discuss their investment criteria , their value add, exit policy etc. And since recruiting is driven by alumni, I figured being in touch with them wouldn't hurt.
Agreed. Good points.
Yes I faced those questions in my b-school interview. I am going to revisit those before interviews.
I see your point about prestige v local relationships. The local Indian players, especially the ones like IL&FS; and IDFC-PE that are backed by Indian financial institutions, probably have deeper connections in the country. As far as their investment goes, they seem to have invested in quite a few critical area which I find very appealing. I find their investments in critical Indian infra projects to be quite appealing. From a cursory glance at portfolio cos, foreign funds otoh seem to have mostly invested in consumer space.
Thanks so much for your time!
You will be balancing several factors - desire to build expertise long term in India (complicated by your opinion on where this space is headed medium-to-long term), combined with building a profile that remains globally relevant (again, assuming global mobility/positioning matters to you).
Happy to help. Good to see a thoughtful approach to recruiting for a change.
Adiyogi
Hey puys, my profile goes like this:
X- 82%
xii- 72%
b.com- 60%
mba(finance)-65%(till 3rd semester) i am pursuing my mba from a so-so institute.
I have certain interest in research work and till now i have 2 international and 1 national paper publications to my name.
Decent extra-curricular
cleared 3 ncfm certification courses- mutual funds, derivatives, sa±
please guide me, what should i do next in order to enter into ib?
Ca/cs/cfa/frm/ or whatever it is, please suggest me somethings..
---SORRY, REPEATED POST----:nono:
Hi Jamiroquai,
This is an amazing thread. Thanks for sharing all the info.
I am BE IT & am working in IT industry for 5 years now and planing to go for an executive MBA course next year. I am looking forward to persue PGPM course which is full time 11 months residential program in S P Jain.
I have a few questions -
* Is it necessary to have a comerce background to get into IB? Rather what challenges can a non comerce background person face initially?
* If I take up the Finance as my specialization while PGPM course, then will it be good enough to get into IB or the recruiting firms only look for 2 years MBA course?
* What if I am willing to work independantly rather than working for a bank/firm? What are the major challenges in working independantly?
I have not gone through the entire 67 pages of this thread so I apologize in case similar questions were already asked.
Thanks,
Amy