I am from India where a lot of Investment Banking firms have their back-end offices.
The population in India is so massive (1.32 bn) that extremely qualified people end up working for these offshore back-end units of GS, JP, EY etc. I sometimes wonder at unintentional or intentional exploitation. I did nothing apart from formatting and transferring information from annual reports to excel sheets in my internship at one of the leading investment banks.
Even to get into these back-end units, you have to have an MBA, a CFA, and good communication skills to boot.
The difference in salary, quality of work, client exposure makes me furious...
... but I am also aware that there would be more than 10,000 people just waiting for me to leave that back-end position so that they could jump in.
While front-end offices in tracking Indian deals and markets do exist in India, they exclusively hire from the top 3 B-Schools of my country. Someone conducted a survey and found that chances of getting those coveted MBA seats are less than jumping off a 35 floors building and surviving.
I wish to optimize my learning at this stage of my career (being just 22), and typing away data in some excel sheet definitely doesn't seem to be the way to get there...
If you folks have any suggestions for me to get out of this situation, please let me know!
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