@Jamiroquai
I went through international b-school rankings and found that HKU is ranked much higher than any Indian b-school.
Have a look at the rankings as per the survey conducted by The Economist in 2010:
Which MBA? | 2010 Full time MBA ranking
According to this list, HKU has a world ranking of 48 whereas the only Indian b-school to figure in the top-100,IIM-A, has a world ranking of only 85.
Another ranking list which was prepared by The Financial Times in 2010 can be accessed here:
Business school rankings from the Financial Times - Global MBA Rankings 2010
As per this list, HKU is ranked 9th and the only Indian b-school to figure in the top-100,ISB, is ranked 12th.
Then, how do you say that an MBA from HKU would stand nowhere in comparision to one from the IIMs ?
heloooo frnds..
im 20 yr old b.com (3rd year) Delhi University, CA final(New course) , CS final(new Course), will go for CFA and MBA after my graduation
will it be possible to break into investment banking/private equity for me at all ??
Btw i have seen many CA's in IB in india and abroad....
Some help would take me a long way..
PS: wut abt FRM/PRM??
thanx
*PEACE*
Hehe, I can't disagree too much there, but there are always exceptions
Well, there are many PE firms who go to these campuses (generally ABC) for recruiting and pick up people whom they like. It is difficult to predict what you exactly need to get in, but generally they hire people who have arounad 2-3 years work-experience in any specific sector and see how much they know about a sector. PE firms have a very small workforce and having a "cultural fit" with the firm is also very important when a firm is recruiting someone.
Congrats - all the best for converting your XL call! I-Banks come on the first day of placements and what companies you should target will depend totally on which companies come to your college in that specific year.
Equity Research is basically research, as the name suggests and generally part of the Markets division of an I-Bank (along with Sales, Trading and Structuring).
Private Equity firms work with a very large amount of funds and design investment options. To find out more about both PE and ER, just google and there is a lot of info available.
thanks mate...ppl like you make PG special... thanks for sharing your knowledge...
@Jamiroquai
I went through international b-school rankings and found that HKU is ranked much higher than any Indian b-school.
Have a look at the rankings as per the survey conducted by The Economist in 2010:
Which MBA? | 2010 Full time MBA ranking
According to this list, HKU has a world ranking of 48 whereas the only Indian b-school to figure in the top-100,IIM-A, has a world ranking of only 85.
Another ranking list which was prepared by The Financial Times in 2010 can be accessed here:
Business school rankings from the Financial Times - Global MBA Rankings 2010
As per this list, HKU is ranked 9th and the only Indian b-school to figure in the top-100,ISB, is ranked 12th.
Then, how do you say that an MBA from HKU would stand nowhere in comparision to one from the IIMs ?
Hi,
Jamiroquai can probably give you a better answer, but maybe I can help explaining it to you a bit.
I don't know exact details about HKU, but I can definitely advise you 1 thing: do not go solely based on rankings, ANY rankings.Each of the rankings require you to have different accreditations like EQUIS and AACSB, for you to even be eligible to be included in it. IIMs have only started applying for and getting these international accreditations, without which they had been going fine for 50 odd years now. If you check, IIM-A has recently got some accreditation approved and are ranked around 12th in some B-school ranking. Similarly, IIM-B has a very good rank in some other ranking (Sorry, I do not have the links - you can google them if you want). IIM-C has applied for some of these accreditations only recently, and these generally take a few years to get approved. My basic point is, getting all these accreditations (and hence better rankings) are only recently becoming huge in India and do not compare them to foreign B-schools on this ground.
What you should consider is the brand value of the B-school you are going to, because even 20 years down the line an Ivy-League B-school, an IIM and others will help you a lot in many ways. As an extension of this, because the IIMs have alumni in almost every large company in India, they come back to recruit people from there and hence you can get into an awesome firm right out of B-school.
Now, as I said, do your research on HKU and others, also do the same research on IIMs and then take an informed call. It is your call, so do ensure you get to know the reasons behind some observations than just plain rankings of FT/Economist.
P.S. There is one area though where Indian B-schools are way behind foreign B-schools and that is, yes "Diversity". Most of these other colleges have more than 50% non-engg people and around 25% international students, which is a lot more than us!
Hope that helped, jamiroquai can give you his perspective!
heloooo frnds..
im 20 yr old b.com (3rd year) Delhi University, CA final(New course) , CS final(new Course), will go for CFA and MBA after my graduation
will it be possible to break into investment banking/private equity for me at all ??
Btw i have seen many CA's in IB in india and abroad....
Some help would take me a long way..
PS: wut abt FRM/PRM??
thanx
*PEACE*
Hi,
I guess this one statement should clear the one doubt most people have "Can I break into IB with my background etc?" Well, getting into IB depends a lot on the B-school you are in, because BB firms hire almost exclusively from the best B-schools. Having a prior Finance experience/qualifications will help you in getting a shortlist but then no more - it will be up to you then.
So if you can get Finance work-ex/qualifications well and good, but above all - concentrate on getting into the Best B-school that you can get into!
thx and will keep that in mind and try 4 the best b school, but aren't these degrees any worth it??
btw just heard that iim's have started to give pref to commerce and prof courses students(CA, CS, CWA).. is it true??
*PEACE*
anyone??
*PEACE*
btw - i am pleased to tell you guys that I am going to join a Leveraged Finance (Product Group) League Table #3 (major BB) in their NYC HQ office over the summer.
1 Like
hey congrats man !!
thx and will keep that in mind and try 4 the best b school, but aren't these degrees any worth it??
btw just heard that iim's have started to give pref to commerce and prof courses students(CA, CS, CWA).. is it true??
*PEACE*
Not sure which exact courses you are referring to, but if it is CA, CS etc - yes, obviously these degrees have a lot of value, but do not do it only for MBA focus. If you are interested in Accountancy, go ahead and do a CA - similarly for others.
Whatever you may have heard about "IIMs giving preference to CA, CS students" is totally because of the "diversity" point I mentioned in one of my earlier posts. IIMs traditionally have always had around 90% engineers, which is a LOT less diversity than most other International B-schools. Now, some of them are looking to encourage more diverse grad stream people to come in. However, please do not think that if you are a CA or Doctor, you will get a free pass - you still have to be damn good to get in.
@Jamiroquai - Congrats! All the best!
Not sure which exact courses you are referring to, but if it is CA, CS etc - yes, obviously these degrees have a lot of value, but do not do it only for MBA focus. If you are interested in Accountancy, go ahead and do a CA - similarly for others. Now, some of them are looking to encourage more diverse grad stream people to come in. However, please do not think that if you are a CA or Doctor, you will get a free pass - you still have to be damn good to get in.
Thats as good as the explanation gets. Also, for investment banking jobs a CA is a fantastic thing to get into your MBA with - however, it is no guarantee of an IB job (nothing is, other than if your dad is a Big Swingin D*** in a firm)
The best MBA schools are inherently very accepting of people who have pursued what they liked and have DONE WELL (its so important that i put it in caps!) at their jobs, irrespective of whether they've been there for 2 years or 5.
So what you need to focus on - is doing your post-undergrad job really well.
@Jamiroquai
I went through international b-school rankings and found that HKU is ranked much higher than any Indian b-school.
...
Then, how do you say that an MBA from HKU would stand nowhere in comparision to one from the IIMs ?
I like how you use rankings information to corner me... 
: to the world of rankings...The only set of schools that I have seen which have been able to successfully convert ANYONE (including hardcore IT engineers and freshers!) into bankers, are the IIMs (the ISB loses out miserably here because it is suffers from the constraints of a one year program).
So here's a question you should ask yourself for a school that you want to study in to effect a transition into banking - does this school have a fair number of alums in the investment banking world?
Does the school have tremendous brand recognition in banks all across the world?
And for that matter - do internationals get banking jobs in HK / S'pore / China? (the answer is NO)
And now, ask yourself the same questions for IIM A/B/C...
Well thanks jamiroquai and echoes .
but wut do u mean by d*** ? I cant get u.
all i have in fact i have ever seen is that in investment banking jobs either there are iim'ers or CA's ..n no others........
*PEACE*
Well thanks jamiroquai and echoes .
but wut do u mean by d*** ? I cant get u.
all i have in fact i have ever seen is that in investment banking jobs either there are iim'ers or CA's ..n no others........
*PEACE*
Make no mistake - those are either CA rank-holders or first-attempts. They're the best of the CA clan - that sure says something about how tough it is to get an IB job, right?
well that is why im going for CS side by side just in case i loose out in the first attempt :-P..
and u know wut.. the CS (new course) has a complete paper on corporate restructuring and insolvency..
*PEACE*
Suppose one person has completed his MBA from Tier-II B-Schools ( Rank 11 to 20) and has got into IB ( Not desired profile). What would be your suggestion to him if you are presented with options of doing CFA or doing another MBA from
Wharton/Kellogg/Stanford etc. And in case the answer is another MBA Degree from an Ivy-League US B-School, then how tough is to get admission over there? Apart from a good GMAT score what else do you need?
Hi,
After completing my MBA from IIMK last year, currently I am working as an IT consultant in one of the top IT Consulting firms. Prior to my MBA I had worked with another Indian MNC as software engineer for close to 2.5 yrs.
Now I am looking towards the glorious future of an i-banker. I have read the difficulties in this job as well. I know this is not going to be easy at all. Rather it would be too difficult for switching career (that too from IT).
What are the possible ways for me to go ahead? 
Hi,
After completing my MBA from IIMK last year, currently I am working as an IT consultant in one of the top IT Consulting firms. Prior to my MBA I had worked with another Indian MNC as software engineer for close to 2.5 yrs.
Now I am looking towards the glorious future of an i-banker. I have read the difficulties in this job as well. I know this is not going to be easy at all. Rather it would be too difficult for switching career (that too from IT).
What are the possible ways for me to go ahead?
What was your majors in MBA?
Just pleased to know 😃
Hey Jamiroquai..thanks for this very useful thread; your insight into investment banking and the necessity of MBA to get into investment bank.
I would like to ask a question which relates to the role of Quantitative research in investment banks. Can you elaborate on this profile? What are your views on the acceptance rate into this profile from some top us grad school, with iit undergraduate degree and doctorate degree in a quantitative field( say stochastic finance)?
Hey Jamiroquai..thanks for this very useful thread; your insight into investment banking and the necessity of MBA to get into investment bank.
I would like to ask a question which relates to the role of Quantitative research in investment banks. Can you elaborate on this profile? What are your views on the acceptance rate into this profile from some top us grad school, with iit undergraduate degree and doctorate degree in a quantitative field( say stochastic finance)?
Quant research, as is, does not exist in investment banking which is basically a relationship business. However, quants are very appreciated on the S&T; greatly. In fact, S&T; shops the world over comprehend and appreciate the awesome power of the IIT brand.
If you talk about wanting to get into S&T; in your essays, I don't think you should have any issue getting into some of the best grad schools here in the US.