Breaking into BB IBD for an Indian.
Hey all, I'm currently in my pre-final year at a top 5 (Non-IIT) engineering college with a very quanty (math + computer science) degree in India with above average grades and good extracurrics (national sports, NGO stuff e tc.).
I'm aspiring for a BB IBD gig (and later to a PE, ah, the dream).
Not sure how many know about the condition in India for IB so i'll elaborate a bit. Almost all of the BB IBD analyst recruiting takes place at IIM(Indian Institute of Management) (A/B/C) (which are insanely hard to get into btw )after an MBA degree that too with 20 spots (in a good year) for 1400 ultra competitive grads(IBD teams are very small in India). Undergrads rarely (read never) get in at-least at a BB IBD. Remaining aspirants land a domestic/ MM bank gig and try to lateral which I've from my seniors is very long and uncertain (depends on openings and connections etc.)
The options i have at this point are:
1) Try for IIM ABC and hope for a miracle. ( I have calls for interview from all 3)
2) Try for MFE and use that to network into a IBD gig (not sure if Financial engineering will allow me to do that or not) (I have admits from Columbia, Cornell and NYU)
3) Work at middle office gigs and diversify my profile enough to land a M7 MBA (least preferrable since that is even more uncertain and postpones my plans by atleast 5 years.)
4) Any other avenues?
Which of the above would you advice?
Thanks in advance.