I'm in my last semester of my B.A (Hons) Business Economics from University Of Delhi. And here is how my story goes. :p
I have noticed on my fairly decent amount of browsing of this great forum that there's barely any info on the Indian scene regarding CF, M&A, PE etc! I'm not surprised but I guess it's time it starts building up and hope alot of doubts in the minds of students (ranging from undergrad to mba,CFA,ca etc) in India in the future can be cleared up through such a medium!
First and foremost, the sad thing in India is that undergrads are not valued much in this field. Joining a PE or an IB is considered a very far fetched dream irrespective of your capabilities and credentials. (Unless your daddý's the chairman or you're those 2 kids in a country of a billion who nailed it somehow.) Now certainly just because the possibilities are bleak, my interests aren't going to change.
Now, here's my catch 22 situation. If I want a good MBA I need some good work ex. But in India if I want good work ex IN THE FIELD I'M INTERESTED IN, the situation above shows its not going to happen. So what can I do now? After some research, networking and lots of discussions I've realised the closest work I can get to these lines could be in the TS/TAS divisions of the BIG 4. And even there it's not going to be easy to get placed, but if I do get an opportunity in the coming weeks/months I want to be more well prepared in terms of knowing what I'm getting into. So mostly these divisions are divided into teams like Lead Advisory, Due Dilegence, Valuations etc.
I was wanting to know which kind of a team would I get to learn the maximum. I'm pretty sure not Due Dilegence and that anyway seems the most monotonous. I wanted to specifically know what kind of work would an Analyst do in Lead Advisory and Valutions. I'm aiming for EY as the leaguetables of mergermarket show they have the maximum number of deals. Low in value but High in learning for a newbie ;)
Any reviews on how close these fields are compared to the real IB world and whether such work ex would be valued post MBA if I wanted to break into a bulge bracket then?
I have an interview with S&P Capital IQ day after to be Research Associate. But those kind of jobs are going to be my last resort. Last thing I want to do is sit and do Data Mining all day all night for months :(