Emerging markets are awesome places. Depending on which one you go to, you have to be careful not to be kidnapped, shot, irradiated, catch some water- or food-borne illness, or fall into the arms of beautiful young natives. Well, maybe don’t worry so much about the last one. But it’s a blast. Definitely go if you can!
batterinram Wrote: ------------------------------------------------------- > tom18606 wrote > Batterinram, I agree with you. I wanted to learn > and focus on emerging markets, so I moved to an > emerging region. If I get an opportunity to work > in India, I will take it. > > Do you know any recruiters for Indian > opportunities? Send me an e-mail at > tom18606@yahoo.com > -------------------------------------------------- > -------------------------------------------------- > ------------ > batterinram, are you currently living in India? > will send an email to you by tomorrow morning > (Indian Standard Time)
batterinram, when i first read your post my thoughts were ‘i wonder who is going to answer this’ i came back today and was surprised to see the discussion happening over here. let me share some thoughts - for those from india and to those in US. i graduated from a college in mumbai 2 and half years back. i joined an investment bank and went to london for a derivative offshoring process. heard about cfa after interaction with a guy in sales office there. came back applied for cfa, passed level 1 last june. couldnt appear for level 2 cuz i was alternating between london and zurich this june with a different investment bank. but this time, my interaction has made me feel happier that young guys like me are not very different from others in UK or europe. ill be coming over to US soon and all this makes me feel happy, this is not just my story but of a lot of other folks who are breaking into IB finance, working up from operations to trade support levels. learning to do credit research or derivative valuations, learning about global markets first and then coming back home to discover what lies up on the indian bourses. i know a guy from london who has left his position on Liverpool street and come back here in india to set up the banks business and more will come, if only for maybe a 1 or 2 year project. my point is: yes we know poeple live like sh*t over here, cities like mumbai are way too overcrowded with the poor everywhere and folks in bangalore, hyderabad or delhi would not look back upon the poor kids living on street. but it has been a lot of struggle for even the generation-next in india to come up to this global level - and it will definitely take another 10 years for India to do something real about the state of its general population. but i do speak up against this, our bank already has a project on for the street kids in red light areas of mumbai and we do our best to work for them. a lot of people are growing up city trotting or globe trotting and the social sense will come back in another 3 or 5 years. like you, we (and I) wouldnt want to go wrk in the US for maybe more than 2 or 5 yrs - the BSE and NSE are a mint machine of their own 
and dalal street (our version of the wall street) knows it already i guess. it took me a few days to get used to UK when i first went there but then when i saw how things are, i enjoyed my time there… seemed like a good vacation and was kind of glad to be back in bombay 6 months later. i dnt think i can say this about the countless others who went to the gulf or US on student visa in hopes of landing a good job in finance. the smart ones have either done an MBA from the bset university that they can afford to go to, or chosen my way - wrk with a global IB and let your ability take you places. but im sure it takes a lot more time to get used to india, more so if your skin is fairer than ours. in all our corporates you will find the most competent and globally experienced people, but out on the roads its still indi-yeah baby!
CareerChange Wrote: ------------------------------------------------------- > Dsylexic Wrote: > -------------------------------------------------- > ----- > > In 1900, India’s share of world GDP was around > > 25%. The next 90 years were straight downhill > > ,however. For the period when the Brits ruled > > India,Montagu Norman deserves a lot of credit > for > > bankrupting the country. Then the local > socialists > > took over and continued down the well trodden > path > > to serfdom. The country is still too > > leftist/statist in its policies and level of > > intellectual debate. > > > This is not correct. India’s share of world GDP > was probably 25% in the the 16/17th centuries at > the peak of the Mughal period. By 1900 it would > have come down to a few percentage points. I stand corrected. Here is a brilliant graph which displays the changing GDP shares. Colonial loot and the decline of India,Africa and China are evident http://www.visualizingeconomics.com/2008/01/20/share-of-world-gdp/
hello batterinram, am interested. could you send me the mail please.
BlueCollarHero Wrote: batterinram, are you currently living in India? ---------------------------------------------------------------------------------------------------------------- Yep. Doing one of those outsourced ER jobs.
Guys who had requested for some info please post your email ids.
Just one more perspective to add While this might not be directly relevant to ER jobs it still might change how people perceive India to be. Pay levels in India are as good as Singapore/HK if you’re working for the right firm. For eg, most BBs here pays ~60-80K USD base for an ER associate. This is fairly constant across good banks in the where you’ll make anything in the range of 90-150K all in all. In IB and PE the story is rosier. You can easily make upwards of 200K in IB and PE there is no bar. this is with 3+ years of experience. Put this in the Indian context and you feel like a Maharaja (pun intended!) Companies here are growing like crazy and every PE fund is making 15-20X returns. This will atleast last for the next 15 years. It has just started. As cliche as it might sound, what some here describe here as the “backwardness” of India is exactly where others see the opportunity to mine gold. There is so much to be done yet in India. For someone who is looking to build a long term career in finance, be it IB PE ER whatever, i think its an amazing place to be in. I work in India in what i would classify as one of the top 4-5 Corporate Finance teams here. I can see everyday that international companies are clamoring to enter India, the biggest investors are fighting amongst themselves to get a share of any passable deal that comes along. And I’m talking big here, Blackstone, Carlyle, Providence et al You can actually see an economy growing stronger everyday. While people worry about negative industrial growth in France, Italy , Japan etc, The worries in India center around whether the growth will be 8% or 10% Bottom line : Its a gold mine. 10 years here and you retire. And the food rocks!
ibrookie Wrote: ------------------------------------------------------- > Just one more perspective to add > > While this might not be directly relevant to ER > jobs it still might change how people perceive > India to be. > > Pay levels in India are as good as Singapore/HK if > you’re working for the right firm. For eg, most > BBs here pays ~60-80K USD base for an ER > associate. This is fairly constant across good > banks in the where you’ll make anything in the > range of 90-150K all in all. > > In IB and PE the story is rosier. You can easily > make upwards of 200K in IB and PE there is no bar. > this is with 3+ years of experience. Put this in > the Indian context and you feel like a Maharaja > (pun intended!) > > Companies here are growing like crazy and every PE > fund is making 15-20X returns. This will atleast > last for the next 15 years. It has just started. > As cliche as it might sound, what some here > describe here as the “backwardness” of India is > exactly where others see the opportunity to mine > gold. > > There is so much to be done yet in India. For > someone who is looking to build a long term career > in finance, be it IB PE ER whatever, i think its > an amazing place to be in. > > I work in India in what i would classify as one of > the top 4-5 Corporate Finance teams here. I can > see everyday that international companies are > clamoring to enter India, the biggest investors > are fighting amongst themselves to get a share of > any passable deal that comes along. And I’m > talking big here, Blackstone, Carlyle, Providence > et al > You can actually see an economy growing stronger > everyday. > > While people worry about negative industrial > growth in France, Italy , Japan etc, The worries > in India center around whether the growth will be > 8% or 10% > > Bottom line : Its a gold mine. 10 years here and > you retire. And the food rocks! I agree totally with the above statement. My firm has a large office there (a few actually). I meet a number of people from there coming here for a few months and some here going out there. Whether you can deal with the poverty as you walk down the street is another question but here is no doubt that there is tremendous opportunity there. I think those who go there now may make less than they could in the developed world; however, you may set yourself in a good spot for when the flood gates open.
hello batterinram — pmp72@drexel.edu thanx
What about the growing competition in the finance field in India? I have heard that some students in India are giving up the century long tradition of going into medical and taking their chances with Finance. Not so long ago (7-10yrs ago) any student who scored 90%+ in his/her 10th and 12th grade exams used to pick medical as the career of choice. But now, I hear the story is changing and many so called smart students are going for the big money in Finance (mostly because of all the recent success stories such as the Ambani brothers, KP Singh, Mittal, etc) batterinram don’t you think the Finance field is MORE competitive in India than it is here (US)? There are a record number of Indians taking the CFA exams every year, so where do they all go?
ZeroBonus Wrote: batterinram don’t you think the Finance field is MORE competitive in India than it is here (US)? There are a record number of Indians taking the CFA exams every year, so where do they all go? ---------------------------------------------------------------------------------------------------------------- If you are talking about working on Indian Equities it is more competitive than the US. Outsourced equity research not so much.
batterinram can u send me an email abt the recuiters too? Thanks for the insight! trendlower@yahoo dot com
batterinram Wrote: ------------------------------------------------------- > Just curious to find if people who are desperate > to get an entry level job in ER would consider > moving to India to take up a low level FO job > outsourced by Wall Street firms. The job might > involve updating models, writing short reports, > building models etc. Pay should be close to 20-25k > USD. The upside is after a couple of years one can > always go back to the US and get a “Real FO job”. batterinram, are you aware of any such opportunities in India? It’d be great if you can mail me some pointers at talk2nick@gmail.com.
No
Yes.