Guys, While we are all waiting for the result, can we discuss what area are you aiming to get into after you are through your charter or atleast after L-2 (May be it is too early but always good to have a direction/focus) And how easy or difficult it is get into that area. Few areas I could think of - Quantitative analysis - Trading - Structuring - Private Equity - Venture Capital - Hedge Funds (Equity or Fixed Income) - M & A I have private equity in mind but I am not sure how easy or difficult it is to get there? Any comments?
Private Equity. Though its a very tough nut to crack. If not PE, IBD (M&A). Anyway, CFA wont help much for either. MBA would help more and CFA + pedigree MBA will have some effect.
IBD. Love that sh**!! It’s soooooo intriguing. I am interning at a PE/VC firm right now. It’s not as much pressure as I want, which is why I want to get into IBD. But it’s hard as hell in terms of competition. Will work on GMAT in Spring and aiming for getting into a top B-school in about 5 years to obtain an MBA. Sachin123, I wanted to emphasize to you that I think to work at a PE firm, it’s really more of who you know than what you know…
Thanks Rockstar…you are right. But I thought that would matter at the senior level. How about the entry level in PE?
It counts a lot in entry level too. Well, to start off, they don’t have a lot of typical entry-level positions in PE as I know it, since they are kind of like a tight-knit family as opposed to giant corporations. So, in order to get your foot in one of them, they want to see that you have experience working in a big company so that you can transfer your knowledge you accumulated there to PE firm cuz they don’t do a lot of teaching, they just kind of give you the job for you to figure out… So, in essence, no matter what level, I believe it’s key to start mingling and leeching on to the powerful ones, and hopefully you’ll get your fair share of the money pie later!! yaay!!!