in some cases such resistances are justified, when the person is really too competent for the asked tasks. but if a person with experience but not relevant to the new job after MBA is taken as a trainee, he should be ready to do jobs like other trainees. anyway i still dont feel its just to generalize saying that exp ppl have tantrums. just my humble opinion.
regards and peace!
Hello everyone,
The following is my case:
a) Have an offer from JayPee Capital, assigning me a Derivatives Trading desk.
b) Have an offer from HSBC assigning me an Analyst profile in their Operations Analytics division.
The CTC is same more or less in both of them. So salary is not a factor at all for me. Now,
a) I know, I do not want to pursue anything else other than Finance. I have all internships in Finance and hence bagged a job accordingly as well. However, JayPee involves a huge bond for 3 years (huge as in, assume if someone gets in, he is almost compelled to stay there for 3years; altho it sounds weird for a proprietary trading firm).
b) HSBC does not involve any bond and the role being offered involves statistical analysis. Its more like a Performance Improvement profile, working out efficient operations management procedures by analyzing given situations. Will involve modeling using SAS/VBA etc.
At this point, I must say, had there been no bond associated with JayPee, I would not have posted here as I would have certainly joined the firm. However, 3 years commitment as a fresher is way too much I think. Although we have a probation period for 4-6 months,after which we have to sign the bond, I believe its difficult to understand Trading (understand even whether you are fit for the role or not) is difficult. Hence, I am giving it a second thought and considering HSBC as well. But the problem is that the role in HSBC is not that much finance related. I will just smell finance a bit (finance as in HSBC;s banking operations and all), but wont work with real finance. Somehow, I have hesitations to work for anything else other than proper Finance.
CFA/MBA are on my career plans now (MBA, only after 2 years of work ex (min) ). And I know, even if I join HSBC for the time being just to get rid of the bond in JayPee, I would switch over to Finance down the line. Now my queries are:
a) How difficult is it to switch roles from operations to finance? Will my stint with operations be looked down upon by financial firms when they hire for financial roles?
b) How would my 3 years trading experience with JayPee be viewed down the line when I go for an MBA or CFA or other such equivalents? Could someone kindly elaborate growth potential as a trader? And by growth potential I am not talking about earning bonuses in millions; I want to know what next after trading, in case I dont want to be a trader (given I am successful in these 3 years, which is a massive assumption :P)?
Looking forward to valuable comments!! Thanks!
Hello everyone,
The following is my case:
a) Have an offer from JayPee Capital, assigning me a Derivatives Trading desk.
b) Have an offer from HSBC assigning me an Analyst profile in their Operations Analytics division.
The CTC is same more or less in both of them. So salary is not a factor at all for me. Now,
a) I know, I do not want to pursue anything else other than Finance. I have all internships in Finance and hence bagged a job accordingly as well. However, JayPee involves a huge bond for 3 years (huge as in, assume if someone gets in, he is almost compelled to stay there for 3years; altho it sounds weird for a proprietary trading firm).
b) HSBC does not involve any bond and the role being offered involves statistical analysis. Its more like a Performance Improvement profile, working out efficient operations management procedures by analyzing given situations. Will involve modeling using SAS/VBA etc.
At this point, I must say, had there been no bond associated with JayPee, I would not have posted here as I would have certainly joined the firm. However, 3 years commitment as a fresher is way too much I think. Although we have a probation period for 4-6 months,after which we have to sign the bond, I believe its difficult to understand Trading (understand even whether you are fit for the role or not) is difficult. Hence, I am giving it a second thought and considering HSBC as well. But the problem is that the role in HSBC is not that much finance related. I will just smell finance a bit (finance as in HSBC;s banking operations and all), but wont work with real finance. Somehow, I have hesitations to work for anything else other than proper Finance.
CFA/MBA are on my career plans now (MBA, only after 2 years of work ex (min) ). And I know, even if I join HSBC for the time being just to get rid of the bond in JayPee, I would switch over to Finance down the line. Now my queries are:
a) How difficult is it to switch roles from operations to finance? Will my stint with operations be looked down upon by financial firms when they hire for financial roles?
b) How would my 3 years trading experience with JayPee be viewed down the line when I go for an MBA or CFA or other such equivalents? Could someone kindly elaborate growth potential as a trader? And by growth potential I am not talking about earning bonuses in millions; I want to know what next after trading, in case I dont want to be a trader (given I am successful in these 3 years, which is a massive assumption :P)?
Looking forward to valuable comments!! Thanks!
If you plan to go in for an MBA down the line then I would suggest that your experiecne in a Ops profile would always give you an edge, as when you would do an MBA in finance(assuming), your second majors can be Ops. and as you would have a background on the same you would be a double edged sword at the end of it all, as you focus area would be finance and at the same time you would understand the niti gritties of ops as well.
Apart form this the HSBC profile would be a great boos for your career, as even the smell of finance(as u put it) in your profile at HSBC would be a greater exposure as compared to being a trader for a proprietary firm.
And one more thing is that being a trader is a hugely hectic task, and not everyone is able to live up to it, as it involve huge risks and a hell lot of pressure, as you are always one shot away from millions in plus or minus. this gets on your nerves at times and if you don't enjoy it you will start to hate it and your performance as a trader will get dented big time.
Keeping the above in mind I personally will suggest you a career with HSBC
Sir can u plz tell me which collg is better for me
1. BIMM Pune
2. Chetana, Mumbai
3. IES, Mumbai
4. Indira, Pune
All for PGDM MY education BE Computer, 22months Work ex
Wann to do mba in systems and Marketing
Comparison of colleges is not allowed on PG. You've repeatedly asked people to compare colleges, just checked the list of your posts:
http://www.pagalguy.com/search.php?searchid=6061702
Kindly refrain from flouting the PG rules, else you risk getting on the wrong side of the moderators.
Thanx Animesh, for your valuable insight into the issue! Actually I have been discussing about this with many seniors , who are now well into Finance (MS/MBA) and they suggest somehow that trading is a good way to start off as a fresher. I agree with what you say, "its a do or die game" .. if i dnt like it, it ud be a chaos! Also Jaypee has 12 hrs working shifts as compared to 9 in HSBC. Lemme c, ... nonetheless thanx a lot!
Hello everyone,
The following is my case:
a) Have an offer from JayPee Capital, assigning me a Derivatives Trading desk.
b) Have an offer from HSBC assigning me an Analyst profile in their Operations Analytics division.
The CTC is same more or less in both of them. So salary is not a factor at all for me. Now,
a) I know, I do not want to pursue anything else other than Finance. I have all internships in Finance and hence bagged a job accordingly as well. However, JayPee involves a huge bond for 3 years (huge as in, assume if someone gets in, he is almost compelled to stay there for 3years; altho it sounds weird for a proprietary trading firm).
b) HSBC does not involve any bond and the role being offered involves statistical analysis. Its more like a Performance Improvement profile, working out efficient operations management procedures by analyzing given situations. Will involve modeling using SAS/VBA etc.
At this point, I must say, had there been no bond associated with JayPee, I would not have posted here as I would have certainly joined the firm. However, 3 years commitment as a fresher is way too much I think. Although we have a probation period for 4-6 months,after which we have to sign the bond, I believe its difficult to understand Trading (understand even whether you are fit for the role or not) is difficult. Hence, I am giving it a second thought and considering HSBC as well. But the problem is that the role in HSBC is not that much finance related. I will just smell finance a bit (finance as in HSBC;s banking operations and all), but wont work with real finance. Somehow, I have hesitations to work for anything else other than proper Finance.
CFA/MBA are on my career plans now (MBA, only after 2 years of work ex (min) ). And I know, even if I join HSBC for the time being just to get rid of the bond in JayPee, I would switch over to Finance down the line. Now my queries are:
a) How difficult is it to switch roles from operations to finance? Will my stint with operations be looked down upon by financial firms when they hire for financial roles?
b) How would my 3 years trading experience with JayPee be viewed down the line when I go for an MBA or CFA or other such equivalents? Could someone kindly elaborate growth potential as a trader? And by growth potential I am not talking about earning bonuses in millions; I want to know what next after trading, in case I dont want to be a trader (given I am successful in these 3 years, which is a massive assumption :P)?
Looking forward to valuable comments!! Thanks!
Your case is similar to one of my seniors.
He exactly had the same choice and he chose Jaypee Capital.
I advice you to do the same if you have remote interest in finance. The job of HSBC is a backend/middle office job.
In Jaypee you will get to know whether you are interested in Finance or not, While working for 3 years you may take CFA/FRM and then join a b school later.
Apart from this not to forget the huge bonuses you would earn in Jaypee
i completed my BE this year and managed to score below average marks of 59%. i was too busy in various extra cirricular activities thts y the very poor performance. anyways, how will this low percentage of mine affect my chances of getting into a reputd institute for MBA?? 
(and just fyi, ive strtd my preps for CAT-2010 last month)
i completed my BE this year and managed to score below average marks of 59%. i was too busy in various extra cirricular activities thts y the very poor performance. anyways, how will this low percentage of mine affect my chances of getting into a reputd institute for MBA??
(and just fyi, ive strtd my preps for CAT-2010 last month)
Dude, whats done is done. Focus on the future.. :)
Most Bschools do not give much emphasis on Graduation marks. Though you will certainly be questioned on it.
Try to maximize your score in CAT rather than worrying about your marks. All the best.
Dude, whats done is done. Focus on the future.. :)
Most Bschools do not give much emphasis on Graduation marks. Though you will certainly be questioned on it.
Try to maximize your score in CAT rather than worrying about your marks. All the best.
ur reply has indeed been encouraging. Thanks a lot mate, i really appreciate it.
Puys , need your help ...
'll be passing out this year BBA ... from an ordinary college in faridabad haryana ...
gave 
CAT this year .. BOOM BOOM BOOM ....Game ova ...
'LL take education loan for PG
Now .. need ur inputs puys ...
1 >> I am getting an average B School like AMITY , IP UNIVERSITY DELHI .. now should I join this B school .. & giva CAT this year .. & if i dn't get a decent b school .. then do some certificates courses or diploma part time .. to enhance my profile ..
OR
2 >> Do some diploma course in finance OR financial planning from **** , IIFP .. which 'll cost me around 2.5 L .. ... & then go for CAT 2010 .. & in that case if i dn't land up in a decent b school ..then JOB or MBA ...
so.... help me out !!!
Puys , need your help ...
'll be passing out this year BBA ... from an ordinary college in faridabad haryana ...
gaveCAT this year .. BOOM BOOM BOOM ....Game ova ...
'LL take education loan for PG
Now .. need ur inputs puys ...
1 >> I am getting an average B School like AMITY , IP UNIVERSITY DELHI .. now should I join this B school .. & giva CAT this year .. & if i dn't get a decent b school .. then do some certificates courses or diploma part time .. to enhance my profile ..
OR
2 >> Do some diploma course in finance OR financial planning from **** , IIFP .. which 'll cost me around 2.5 L .. ... & then go for CAT 2010 .. & in that case if i dn't land up in a decent b school ..then JOB or MBA ...
so.... help me out !!!
My suggestion to you would be to look for a job whose experience would be counted and appear for CAT 2010. It is only a matter of 6 months and you would again be finding yourself sitting in front of a computer and solving quant/di/verbal. Joining one of the above mentioned institute or any institute involves the investment of a lot of money. I also beleive whichever b school you join you should be within the top 20% and it requires some amount of dedication but if you indulge yourself in CAT preparation simultaneously there is a chance that you mess up with either of these.
My suggestion would be to look for a job and carry out your preparation simultaneously. And the courses you mentioned above will only give you benefit only when you know the essence of those courses and can link them with your MBA...
Hello everyone,
I am a B.Tech(ECE) 2009 passout and am working with Ericsson India for past 2 months with the RF Planning deptt. which is one of the better profiles one can get in telecom industry. Decent money, nice profile, am kinna liking it here.
Now, the other side is that i have got an admission call from SJMSOM(IIT B). Am really confused, someone please help me out here. Workex before MBA is always better, but its IIT B !!
Your case is similar to one of my seniors.
He exactly had the same choice and he chose Jaypee Capital.
I advice you to do the same if you have remote interest in finance. The job of HSBC is a backend/middle office job.
In Jaypee you will get to know whether you are interested in Finance or not, While working for 3 years you may take CFA/FRM and then join a b school later.
Apart from this not to forget the huge bonuses you would earn in Jaypee
I know I am interested in Finance anyways 😃 . One thing I would like to state. I believe your senior is an IIM C pass out and hence, now that he has reached a saturation level as far as degrees are concerned (can always do cfa/frm tho) , it is less problematic for him to decide where to join, since wherever he joins he can at least stay there without thinking about what next. For me as a graduate, its difficult to commit till 2013 december now! 😞 ... anyways thanks for your comments. Could you kindly give me your senior's id/info etc? PM me. I will talk to him, since he would be able to give me an insight into Jaypee!
Hello everyone,
I am a B.Tech(ECE) 2009 passout and am working with Ericsson India for past 2 months with the RF Planning deptt. which is one of the better profiles one can get in telecom industry. Decent money, nice profile, am kinna liking it here.
Now, the other side is that i have got an admission call from SJMSOM(IIT B). Am really confused, someone please help me out here. Workex before MBA is always better, but its IIT B !!
You should get into IIT Bombay and again get back to Erricson with higher salary and better profile
Hello everyone,
I am a B.Tech(ECE) 2009 passout and am working with Ericsson India for past 2 months with the RF Planning deptt. which is one of the better profiles one can get in telecom industry. Decent money, nice profile, am kinna liking it here.
Now, the other side is that i have got an admission call from SJMSOM(IIT B). Am really confused, someone please help me out here. Workex before MBA is always better, but its IIT B !!
If after some work experience, you think you would be able to get into better Bschools (like IIMs or ISB), then I think you should work for some years. But IIT-B in itself is a hard to get into Bschool and there are few better colleges than that which are very hard to get into.
Hello Everyone....
I am a BE(Electronics & Communication) guy passed out in 2009.Currently I am working for TCS for the past 4 months and also have a job offer from BSNL as GE-JTO(Graduate Engineer Junior Telecom Officer).I wud just like to ask u guys which profile will be considered better when i apply for MBA admissions in a year or so...
The issue is that I dont like the IT job as i am an electronics engineer but BSNL being a PSU with an absence of corporate culture, I am pretty apprehensive of joining it.Though BSNL is offering a higher package but money at this stage of my life is not a consideration.
I would be very thankful to the seniors who would provide any help in this regard,as to which profile will be considered better when i go for MBA
Kind regards,
Varun
Hello Everyone....
I am a BE(Electronics & Communication) guy passed out in 2009.Currently I am working for TCS for the past 4 months and also have a job offer from BSNL as GE-JTO(Graduate Engineer Junior Telecom Officer).I wud just like to ask u guys which profile will be considered better when i apply for MBA admissions in a year or so...
The issue is that I dont like the IT job as i am an electronics engineer but BSNL being a PSU with an absence of corporate culture, I am pretty apprehensive of joining it.Though BSNL is offering a higher package but money at this stage of my life is not a consideration.
I would be very thankful to the seniors who would provide any help in this regard,as to which profile will be considered better when i go for MBA
Kind regards,
Varun
Hi Varun,
I would suggest as u mentioned u don't enjoy being a key logger(IT Job) at TCS, I would recommend you to head straight for the BSNL job, although you will feel a cultural difference but the amount of exposure that you will get at BSNL would be worth more than that.
And going forward your work-ex with BSNL will garner more weight-age as compared to a key logging job.
Hey guyss ....
i was working with dell and i left it and now i m solely preparing for cat....
guys i joined CL last yr but then got a job and then didnt even appear for cat 2009....and now i have joined CL again this yr.....
SO I HAVE AN EXTRA WHOLE PACKAGE OF ALL THE MODULES AND GUYS ITS BRAND NEW:)).....SO ANYONE NEEDING IT CAN CONTACT ME HERE ON PG....
Hi puys
Need some suggestion as my acads are not good having 57% and 56% in HSC and SSC Graduate with computer application(BCA) with 71% in 2009 (having two year gap in between SSC to BCA) After my graduation join my uncle in his business,gave CAT and other national level exam but couldn't able to clear top 20 b school.
Now i am thinking to join a one year PGDFS(post graduate diploma in financial services) because i personally fell it will give some value addition to my CV as i don't have great acads nor great extra curriculum and job profile is also not awesome.Wants to known puys view as i am also planning to give CAT and XAT this year.
Plz share your view because i am very confused whether i should go with job or join PGDFS.
Hey guyss ....
i was working with dell and i left it and now i m solely preparing for cat....
guys i joined CL last yr but then got a job and then didnt even appear for cat 2009....and now i have joined CL again this yr.....
SO I HAVE AN EXTRA WHOLE PACKAGE OF ALL THE MODULES AND GUYS ITS BRAND NEW:)).....SO ANYONE NEEDING IT CAN CONTACT ME HERE ON PG....
Kindly post it on the following thread you will find a few takers
http://www.pagalguy.com/discussions/requests-or-offers-to-donate-your-old-cat-study-material-strictly-no-buying-or-selling-25039056