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Absolutely right ! You have to be from IIT and IIM ABC to get into those roles.
Is that why they are all leaving?
Couldn’t agree more. The industry is so hard to get into in India unless ofc your daddy has big connections
My question is IB, M&A offshore or FP&A in a MNC ? Which one is good for a CA ?
I know both sucks but still from a CA perspective...
imo FP&A in a MNC is better and gives you more space for growth and also a lot of freedom. B/office M&A is not really terrible work but limited growth and mobility. Unless you write the CAT and top IIM and f/o IB
can you expound on this? Why wouldn't undergrads be going into IB in particular? I remember reading about GS opening a huge office in India last year or so? Thanks
They have a huge office in Bangalore, I think its the biggest outside the US, but mostly filled with a lot of back office tech and support for teams all across the world. GS IBD afaik doesn't do much work in India. The deals are fairly small. The Indian IBD is again mostly back office support for IBD teams all over the world. And its a hierarchy where there is not much growth, as after 3 yr analyst and good performance you may be transferred to FO in the team you were supporting but then you start all over again as Analyst 0.
Cuba
North Korea
Yeah gree
Turkmenistan
Somalia. Talk about tough competition.
I heard unless you end up at a top tier group, you’re likely to walk the plank.
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