I have read that most IB roles are offered only post-MBA in India? Is it true? If not, what are the target undergrads in India?
What is the compensation like? Since HFs do not exist in India, what are the best exit opportunities for us? Thanks
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Based on the most helpful WSO content, here's what you need to know about IB roles and exit opportunities in India:
IB Roles Post-MBA:
Target Undergrads in India:
Compensation:
Exit Opportunities:
For more detailed and specific information, you might want to explore additional resources or threads on Wall Street Oasis.
Sources: UK Target uni as an undergrad to SG IBD (Singaporean), Breaking into BB IBD for an Indian., Undergrads: Non-finance, non-target, not a problem. 5 Steps to get you started., A target student's observations from the 2022 IB Recruitment Cycle, Why the focus on exit opps?
Bump
Target undergrad colleges include top engineering colleges like IITs, BITS Pilani and commerce colleges like SRCC, LSR. Semi targets also include Christ Bangalore and NMIMS Mumbai although smaller domestic firms recruit from these and are seasonal in their recruitment process.
A1 compensation at top boutiques (Axis, Kotak, JM, etc) typically is in the range of INR 12-15 Lakh (excluding bonus).
Source: Industry professionals
Hope this helps.
Engineering students are taking away the finance roles too. Also, what's the comp at BBs? Do they? even hire undergrads for IB roles? What's the expected bonus at theses boutiques? Plus, any idea about Ashoka (there Eco+fin program is said to be really good)?
Comp at BB is typically 40-50L for analyst level + bonus of 70-100%. Would suggest watching Kushal Lodha’s podcast on YouTube. Capture many aspects accurately.
BBs typically don’t hire undergrads straight from college. CA with a few years of IB experience could be considered
No idea about the Ashoka program
Is that 12,000 ruppees? Indian currency confuses me
That’s INR 40-50 Lakhs (USD 47K to 59K) on an absolute currency exchange basis
Hey, do these boutique firms you mentioned (Axis, Kotak) hire from NMIMS? If not, can I still apply for it as an off campus thing, because as far as I know, not many roles open up online but are college/offline specific.
Have seen a few hires at analyst level from NM. Haven’t seen many hires at mba level but people do tend to shift to Kotak in case they grab another IB job.
It’s majorly networking and prep with some luck.
HAHAHAHAHAHA
Anyone have experience working in the US in IBD and then moving to India a few years later? How was your experience finding a new role in finance? I have around 6 years of M&A / RX experience and am looking to move back
You could reach out to Indian counterparts of the bulge brackets banks (assuming you have US experience in those). Furthermore, Michael page, native are some recruiters known for recruiting in India IB, PE and VC industries. They post openings on LinkedIn.
As far as I know, people only move back after VP or President roles. All analysts/associates' work (majorly) is grunt. It only makes sense to move back in a VP or P role or you crack a good role in a VC/PE fund here.
DM me. Have ~3Yrs of IB exprience in USA and now working in a PE shop in India
What’s the internship scene like in India? For first year undergrads in IB? Do they have internships like London and US?
VERY less. There are only a few roles in IB after MBA from T1 unis, and close to none after undergrad. Maybe you can get a summer role but converting it into a PPO is very hard. And your resume "may get shortlisted" for these summer internships only when you are from SRCC/Hindu/St. Stephen.
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