In the meanwhile, all major I-Banks had started outsourcing financial research to either wholly-owned captives or third-party KPO vendors in India. Initially it was more of an experimentation to cut down the costs associated with research work in US; it has now become more of a necessity to outsource to low cost destinations.With bulge-bracket companies joining the bandwagon, this sector has seen some major job-creation for Indians. It is now possible for grads to make a backdoor entry into i-banks,AMCs,PE industry(atleast in terms of quality of entry-level work).Given the wage arbitrage between the US/Europe wages and the Indian wages, salaries in this sector in India seems to be flying through roof-top.
With all this happening in a small span of time, jobs in financial services has suddenly become red-hot, something that had happened with IT in the late 90's.Interestingly, the mad rush to grab these lucrative jobs is not just restricted to MBA's and CA's , even engineers from premiere colleges are now vying for their share of the pie, by leveraging their analytical and quantitative skills.Areas such as financial analytics, quant. fin. will continue to generate interest among engineers. Many engineers are now trying to beat CAs and MBAs in their home turf by opting for various financial certifications.Many of these certifications are very focussed in terms of imparting theoretical knowledge and cover topics with far greater depth than a traditional MBA.The purpose of this blog is to precisely explore some broad areas of opportunity for engineers, and possible entry points into them.Some of the popular certifications related to various fields are also discussed.
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2 comments:
good initiative sir...
sir,
I was scouring the net for a few days searching for ways...how an it engineer can get a foothold in finance...got inadequate results everywhere....but your blog really provides solid information covering nearly all the options available for us.Thank u for such an earnest post.
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