(Hope i answered all your questions. The information shared was the best in my knowledge & accept my apologizes if any information is incorrect )
Mad-Head has been doing some phenomenal work here on the thread. While I am usually too jammed to be able to get on PG and reply to posts, Mad-Head has been doing so with great patience and excellent information. Hats off to this great guy!
Mad-Head: If any of your posts are inaccurate, I'll write an errata section below your post. But I haven't needed to, thus far - that's been some great info!
What are the steps from ground zero to head-start a career in investment banking from being a fresher engineering graduate? If you suggest reading and learning the basic financial terminologies, could you please point me to some good study material for novices.Or some classes or certification programs in Mumbai.
Before i can give you the steps from 0 - 100, 1st know the basics of IB, life of an IBanker & other myths associated with it. Refer the first few pages of this thread for the same. Ask youself if you want to move into IB ONLY because of MONEY or you are crazy about the idea of being an IBanker because you love FINANCE.
Here are the steps:
Engineering > MBA (Top B-school) > CFA/CIIA
Here is the catch if you are lucky you can get a job @ a BB firm right after your MBA but that normally happens @ Top B-Schools (so you have to be there). Many top Consulting firms like Bains & Co. hire grads from ONLY IIM A,B,C no other IIMs are on their hiring list.
But there are many IB firm who do hire freshers for their Middle & Back-office job profile, you can be lucky there.
Go through this thread carefully as I've attached a IB vocabulary pdf for students who are new to the world of FINANCE. Familiarlise with those terms & other posted in subsequest threads like Equity Market.
There are many books that you can refer to like Investment Analysis & Portfolio Managetment by M.Ranganathan & R.Madhumathi.
You can check more about certification in IB from Copal Institute Copal Institute | Copal Institute or SIB (School of Investment Banking) School Of Investment Banking.
Hey, thanks so much for the info! I am afraid i am going to trouble you with a few more questions though.. Is it possible to learn the stuff on your own from various books and other sources (since i have all the time in the world now) and look for analyst position jobs.It might be a long shot, but i need your honest opinion on this. I am asking you this because i want to do an mba in finance only after some experience under my belt.Top mba institutes are not going to give me a chance even with 99.99 percentile with my current profile. And trust me when i say this; I have made my mind to go down this path, so I am willing to do whatever it takes and will keep at it till i exhaust absolutely all possible options.
... There are many books that you can refer to like Investment Analysis & Portfolio Managetment by M.Ranganathan & R.Madhumathi.
You can check more about certification in IB from Copal Institute Copal Institute | Copal Institute or SIB (School of Investment Banking) School Of Investment Banking.
For classic investment banking, refer to the book Investment Banking - Rosenbaum & Pearl. I can think of no better book. Regarding the institutes, I honestly cannot say anything positive about the Copal Institute or the School of Investment Banking. The first school is a relative unknown in the fin-services landscape of mumbai and the second is not taken too seriously even among the lower mid-market shops.
Also, regarding education, a CA works a little better than getting a BE, to get into a strong IB shop.
jamiroquai I am currently enrolled for the CRISIL CERTIFIED ANALYST PROGRAM....It is a 2 year program where we are taught 26 courses in finance by top industry people(eg:accounting standard by KPMG) and we also work alongwith studing:Mon to Thurday work and fri-sat study.......2 years of this program and 2 more years with CRISIL,I then want to pursue MBA.....My question is that is the above a good path to get into IB???
jamiroquai and mad-head i am a b.com graduate with 54% agg..age 20 what r my chances of getting a job as investment banker...?? and if i go for an executive mba after 2 yrs of job experience will it help in getting into investment banking..??
I have completed my chartered accountancy in may 2012 (in first attempt) and wish to take up investment banking as my career. My internship
is from a very reputed firm in New Delhi wherein i handled various internal audits.
I don't have any work experience for investment banking as such.
Shall I pursue any further studies for the same like MBA or CFA? What shall be my exact course of action for the same? Also, shall I start my job with the big 4
Hello, I am really confused my career at the moment. Pls help me out. I did my masters in Finance investment and risk from University of Kent. My major was Investment banking. And at the same time I also have done 4 actuarial papers. I like to go into investment banking only. But there are so many diversifications in the same. Can you tell me how to overcome this confusion? thank you..
Thank you so much for your reply first of all! I have tried a lot to get a good job too but couldn't get any. This has really depressed me a lot. What is the best way to get one? Should I go for some short term courses in Investment banking to get a placement?
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