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Comments (31)

May 7, 2021 - 5:23pm

To add to this - it's extremely hard nowadays to get sponsored at a bank if you're an international at an American school, but it definitely happens. If you're an international not even at an American school, unless you have family high up, it's not likely you'll get a job there. I've seen internal transfers happen all the time (London/Frankfurt/Paris/Tel Aviv to New York and vice versa) but I don't know how much of a presence American BBs have in India and what they're IB division is like. But if there is an IB function at an American BB, maybe you can be a top performer for a couple years and request a transfer.

  • Intern in S&T - FI
May 7, 2021 - 5:37pm

^ Unlucky spawn point. I feel really grateful that my parents emigrated, made life a lot easier for me. Heard that in India you need an MBA minimum to join IB as an analyst.

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May 7, 2021 - 7:44pm

As someone else has mentioned, FO positions in India are reserved for MBAs. I understand you wish to recruit in NYC straight out of undergrad but this will be very challenging. If possible, I would suggest a MBA at an IIM -> OCR -> Work to lateral over once established and when/if the opportunity arises.

  • Prospect in IB - ECM
May 7, 2021 - 8:12pm

Just FYI SSG doesn't exist anymore.

Answering your question, comments above are spot on; either transfer or reincarnate

  • Business School in PE - LBOs
May 8, 2021 - 4:23pm

Neither does GS have an M&A group, which makes me assume that OP just threw out whatever he thought sounded best.

OP, some well-intended advice: stop chasing prestige. It will not lead you to success. Keep learning about the firms, building your resume (check out LinkedIn to get a feel for Indian FO analysts' backgrounds) and networking (with all sorts of banks, not only GS). Target India and transfer later - much easier. Once you have several offers, that's the point you may consider prestige and long-term career prospects. If all else fails, you can still go the (top US-)MBA route as others have suggested. 

  • Intern in PE - LBOs
May 9, 2021 - 11:05am

Not sure about this, but in India GS has a job called IBD M&A Analyst that the OP might have noticed (…).

Also, I know an alum from my school whose LinkedIn says M&A group at Goldman NYC. She told me it is a really small group and there is only one analyst in her group (she is the only one). But seems like an interesting group from what she described. I have no idea how you recruit for that group, especially as my school is a non-target for GS NYC.

  • Analyst 1 in AM - Equities
May 7, 2021 - 9:19pm

Step 1 get a job at a bulge bracket bank in a FRONT OFFICE role. Not operations. Not compliance. AM, IB, S&T. 

Step 2 get a 750+ GMAT. -- It's sad but we are being realistic here, this is what it's going to take. 

Step 3 pay MBA consultants to help you craft the perfect profile. 

Step 4 get into a T15 MBA program. From there, network your ass off, and you can get into a bulge bracket. Probably won't get a top group at any BB but you can lateral after one or two years. 

This is realistically the only way you are going to make this happen. I'm being serious, unless your parents are top politicians or billionaires, this is basically the only way. A few dozen indian people do this each year. You just need to be ontop of your game, because you will have immense competition. 

  • Analyst 2 in IB - Ind
May 7, 2021 - 9:56pm

Unfortunately this is probably impossible. I doubt it would be possible to get an IBD position at any US BB, let alone a top group at GS (I don't think they have an M&A group anyway). The only feasible way I could see doing this is to transfer to an Ivy League or similar and then apply, but it might be a bit late to do this and even if you could, sponsorship would be an uphill battle. Besides this, I guess you can try to get a top job in India after undergrad, score close to 800 on GMAT, and hope to get into an M7. I don't think IBD jobs are that competitive out of top US B-school anymore. 

  • Intern in IB - Ind
May 7, 2021 - 10:00pm

You're a freshman you're talking about joining GS M&A or SSG (2 groups that don't exist by the way) or TMT, it sounds like you're talking out of your ass and on the constant prestige hunt. Take some time to think about what you want from life and pursue that, GS NYC is not the silver bullet it once used to be. Also any undergrad in India that's not engineering at a top institution is essentially useless without more education (either in India or abroad). I would recommend trying to recruit for FO roles at MBB or other consulting firms as I think they might hire a select few (could be only IIT engineering though), and work there to get an equal if not better opportunity and then take things from there 

Most Helpful
May 8, 2021 - 9:56am

Bruh, this guy is probably at most from an upper middle class background in India. He's not like most posters here who are college kids turning up their noses at DB or UBS, he wants to move to a country with like 10x or 20x the median household income, and completely change his trajectory. He's obviously smart (or he wouldn't be at IIT B) but not knowledgeable about high finance (because he's not from some fancy family). Don't knock on that.

  • Intern in PE - LBOs
May 9, 2021 - 4:51am

Econ people at IIT B don't give IIT Advanced exam, they give the JEE. So they study for an engineering exam, but end up with an econ degree because they didn't meet the requirement for the good engineering colleges (source: my dad studied at IIT Delhi). No one respects the econ people at IITs, unfortunately. Not trying to knock on this guy, but even in India, people at MBB or BBs usually come from the likes of Shri Ram College of Commerce or engineering at IITs (I have even seen Bits Pilani and NIT people needing an MBA to work at these companies), otherwise they need an MBA.

  • Analyst 1 in IB - Ind
May 8, 2021 - 4:53pm

Bro there is nothing you need to do, u are from iit

All the killer indian bankers i've seen are iit/iim

May 10, 2021 - 1:47am

An actual feasible way would be to join a  front office coverage group in Bangalore (eg working on NY or London deals in TMT or NR or whatever), kill it for 1-2 years, then make an internal transfer. If you worked hard and stood out, transferring internally is certainly doable. Have seen a good handful of senior bankers in NY/London that started out this way. 

  • Quant in Research - Other
May 10, 2021 - 1:53am

I still don't get why iit people love to tell others that they go to iit.

  • Analyst 1 in IB - Gen
May 10, 2021 - 11:44am

But HYPS is HYPS literally top school globally while itt i believe is target in india but outside it is... not i believe?

May 10, 2021 - 7:31am

This place could use a wiki or some form of collection of how-to's. The guides and mentor scheme are great as a career prep, but there are a lot frequent questions about immigration, work visa, IWantOut, languages, and similar topics that could need something to look up for those members. Maybe we should start that for EU, UK and the US.

May 10, 2021 - 12:11pm

Something else to consider is to join an Indian boutique bank in an FO role and then network to a BB but this is applicable for India only.Going straight to NYC out of undergrad is basically impossible

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