Hey guys - I am researching a business idea and want to better understand junior banker's / private equity experience with outsourcing a portion of their work load to India (or wherever else work is outsourced).
1) Does your firm offer outsourcing capabilities for lower level work (trading / transaction comps, profiles, combining spreadsheets etc.)?
2) If yes to #1, how has your experience been with outsourcing? Do you find it valuable/does it save time?
3) Would it be more valuable if you were in the same time zone as the outsourcer and could contact via instant messaging/phone instead of e-mail?
Appreciate the feedback!
If you’re looking to contribute to or start a business that outsources investment banking work I don’t think people on this forum are interested in helping you do so. I’m certainly not haha.
Firstly, college students like yourself weren't the target of this post. Given that you have zero experience in investment banking, let me educate you.
Every major investment bank utilizes outsourcing in some capacity to help accelerate work product. When I was an analyst (not too long ago), I found India to be very useful. From a business perspective, it makes sense to outsource low-level work such as trading comps to India.
If you ever become a banker, you'll understand the large quantity of bitch/bullshit work you'll have to do and how doing so is an inefficient use of time and therefore money.
so your exit opp was outsourcing bitch work to India? what bank were you at lol ill cross it off my list