How to break into FO IB in India from a IB team extension role at a large Asian bank

Hi. I will start working in a IB team extension role at a large Asian bank's office in Mumbai starting next summer. In a nutshell, I will be assigned to a team in one of the bank's global offices and I will be assisting this team remotely on whatever deals they're working on. It essentially is a BO role but the exit opportunities are decent. Most analysts from this team have either moved to one of the bank's global offices for a FO in 1.5-3 years or are integrated into the bank's India coverage team. Some have moved on to places like GS, MS, SC and others to top Indian IB firms like Edelweiss, Avendus etc.

Background information: I have an undergraduate degree in engineering from a top 3 school in India (my GPA is fairly average though) and a masters in economics from a top 2 program in India.

I'd be grateful if someone working in the Indian IB industry could shed some light on the following things:

1.) How do I go about securing a FO position in a top BB(MS,Citi, GS etc.) as soon as possible?
2.) I've been told that some Indian IBs (like Kotak Mahindra) offer FO position to 1st year analysts in this group. As far as learning goes, it would make sense to move to one of these firms rather than sticking to the BO role but I'd like to know how this could impact my exit opportunities into PE. Do US megafunds recruiting in India consider hiring analysts from the top Indian IB firms like Avendus, Kotak etc.?
3.) How can one break into the HF industry starting from an IB analyst role in India?

Thank you.

 

Similique illo dignissimos cumque consectetur quisquam. Dolorem voluptatem rem soluta omnis aut qui.

Labore eum vitae ut error est illo provident. Nihil ab illum deserunt quis et enim. Qui est aut maxime voluptatem nobis est reiciendis.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”