🚀To propel your career forward with peer-based learning, industry interactions and exclusive job prospects, check out Klub AltUni here - bit.ly/3aGFz9E Enhance Your Earning Potential. Advance Your Career. Join the Klub of India's Top Professionals See you at the Klub!
Thanks, Saurav. Glad you liked the video. Have you seen the other two Parts of Harsh Parikh's talk? If not you can watch Part 2 here - bit.ly/30TaaGv and Part 3 here - bit.ly/2ZfNUGy
Thanks, Shivam. Our quest is to cover all kinds of content. You might also be interested to check out some Inspirational (against all odds) stories here - bit.ly/2R4L6sw
Hi Shubham, We'd invite one more speaker who's a CA, MBA and Poker Champion by profession in our Konversations cafe - Pre-MBA Social 2019. You can check out his video here - Why I Chose To Play Poker After CA & MBA - Deepak Bothra - Part 1 here - bit.ly/2XrLCqb
@@washfi no that's a wrong perspective I suppose . U can't predict capital market but when you are from the field you are likely to read the market way better than a doctor maybe .
I don't get the stigma around high salaries in Investment banking, they are not feasible for a stable life in financial centres. Forget living abroad and working for a big investment firm means sacrificing your 20s. You'll be living in the financial district where rents are 50% of your income. You will NEED to live in the centre, you need to be in the office by 6 every day, forget living anywhere else and making it on time every day. Sometimes you need to be there for clients at 3 AM and run to the office. It is a HECTIC life. I worked as an analyst for an investment bank for 5 years and then I joined a hedge fund. I had to sacrifice my best life because i was already in love with finance and numbers. If you are here just for the money, go somewhere else.
So it would be better to create a limit how much money do you need to leave IB and then take time to pursue something other. Many times overachievers who get into IVY league B schools directly after UG and then get High paying jobs at 20-21 years of age spend their 20s making crores. The other half of the people who are medium performers and underachievers spend their 20s working low pay entry level or mid management jobs and figuring out their liking so that they can start a business or join a profession to earn good money in their 30-40s onwards. Think which life would you want.
Hi sidharth, any scope as independent Investment banker in gurgaon. If possible then how to connect to concerned clients any platform seminar get together in around delhi gurgaon. Please guide am 57 yrs now retired. Tnx
Hi Vicky, You'll also be interested to watch the other two parts of his video series. You can watch Part 2 here - bit.ly/30TaaGv and Part 3 here - bit.ly/2ZfNUGy
People need to get past thinking about being employees. Of course, entrepreneurialism is not for everyone, but this default setting of being an employee in an ever changing digital world with artificial intelligence, is going to leave many people far behind. It's time to starting thinking differently.
I have noticed that finance buffs are often named Harshad and Parekh like the two infamous big cheeses of finance in india.harshad mehta and ketan parikh.😛😛.he has both in his name. Just saying for fun,no offence.
Thank you so much InsideIIM - Konversations for sharing this kind of session. People like us who aimed for it but couldn't get into the IIM. they are learning so many things from this small talks only. Keep sharing Thank you once again
Thanks, Jay. So glad and happy to hear this :D Have you seen the second part of Harsh Parikh's video? If not you can watch Part 2 here - bit.ly/30TaaGv
🚀Unlock the power of data with key data analytics & visualization skills and tools. Learn from 40 Under 40 Analytics professional, get to work on multiple Live Projects and learn tools like Power BI, Tableau and Knime. Check out AltUni’s Data Analytics with Power BI program - bit.ly/3ABTHMf 🚀 Learn Product Management concepts, get real-life industry exposure & interview tips from Product Managers of Booking(dot)com & other top companies in AltUni’s Advanced Product Management Program, rated 4.6 / 5! Check out the program here & get early access with exciting discounts - bit.ly/3nyQoNS 👉🏾 To propel your career forward with peer-based learning, industry interactions and exclusive job prospects, check out Klub AltUni here - bit.ly/3vcvmcF 👉🏾 Check out more details about AltUni here - bit.ly/3rQr6xc
Enlightening insights and perspectives by Mr. Harsh Parikh, A Grand Kudos to 'InsideIIM - Konversations' team for making this happen. Seek and you shall get it.
Thanks, so happy to hear that :D Have you seen the other two parts of his video series? If not, you can watch Part 2 here - bit.ly/30TaaGv and Part 3 here - bit.ly/2ZfNUGy
Can someone please suggest me good books/biographies on ETHICAL decision making in financial management and AUDACITY in taking action on financial matters?!
Thanks for providing valuable insight on investment banking in the Indian scenario. Will appreciate it if you guys host someone from the equity research space! :)
Myth that iit or iim can only join inv banking, iit or iim graduate not suit at all, after out of MBA school or iit, they don't know about what is buy back,bonus,right issue etc
@@InsideIIMKonversations I have already completed my MBA and have few years experience. Therefore, a switch to IB is beneficial for me in the long run. Please advice how to get a job in there. Looking forward for a right guidance as your highly experienced in this field.
@@robertson2688 Yes. The freshers from IIM A, B and C when hired by these wall street giants in client facing roles, are paid 35 LPA (fixed) + 35 (variable at year end - assuming 100% of fixed), in India. Thus, close to around $100K p.a. At the age of 30 years, you could be making >1.25 Cr p.a. (if you survive that long :p) My authenticity: I work with J.P. Morgan Investment Banking; every word this guy said is true.
Also, check: As An Entrepreneur, You Cannot Have Ego - Harsh Parikh - Part 2 here - bit.ly/30TaaGv How To Network Like An Investment Banker? Harsh Parikh - Part 3 here - bit.ly/2ZfNUGy Read more stories about Investment Banking here - bit.ly/2YgUwmw You can also read stories about IIM Bangalore here - bit.ly/2ZmHhlt
As a society we have to stand up against various misconceptions present in society and visiting skin doctors or dermatologists for acne and pimples is one of biggest misconception present among teenagers as mostly teenagers think antibiotics and cosmetic products is the solution for acne and pimples whereas I am trying my best to inform more and more adolescents about how to cure acne completely with just lifestyle changes as only lifestyle changes can eradicate acne and pimples completely so their is no need to visit dermatologists as many adolescents today are choosing path of antibiotics and cosmetic products which have negative implications in long run over their health so please help me in reaching as many teenagers and their parents through below provided information so that their health and money can be saved and there will be overall awareness regarding this issue, Have a look on below provided information and please share this information among teenagers and their parents as much as you can Answer to Can ayurvedic treatment cure acne? by Akash Sharma www.quora.com/Can-ayurvedic-treatment-cure-acne/answers/135075853?ch=3&share=6ff82cf5&srid=5B1RI
In India , 80 crore earn less then Rs.200 / day. 30 crore earn less than 100 / day. Kaise chalegi family. kaun si azadi bhai. Kaun sa vishwa guru. Fata kurta aur ego, nawabi attitude. Garib desh. Chala murari hero banne
IB jobs r not getting better and compensation is not at power what it was in late 90s and early 2000s. The industry on a whole is at an 80% instructual decide. Now I'll come to 100ks. If you are living in Manhattan or London 100k is nothing. Now a better option is to work for a hedge fund. It's very competitive but it worth ur time. If u r spending crucial years waking up and going back home in the dark. U better make it worth it.
an anton kreil quote . I agree but you have to spend those years doing that, while you make contacts and work overtime in formulating in what it is you want to do . So when you get that income which will fund your own business venture/idea that you can now create and enjoy to work towards from the age of 30+
@@umairsiddick8239 yeah I myself worked at Goldman this summer as an intern..but my next target place to work is a hedge fund or an asset management firm.
Spot on... Investment banking after 2008 crisis lost all the charm. 100k is nothing as per Manhattan living standards.. A 1000 square feet condo's yearly rent in Manhattan will suck most of that earning away
Rohit Saraf yes indeed. Mostly because THEY ARE LAWYERS and NOT BANKERS. Bankers are the creatives, the ones who know the industry and markets cold and involved with company; lawyers are working mostly on the investors’ side, making sure that terms etc. are being captured appropriately in the docs. Very dry. All about accuracy and attention to detail. As the law should be. So being a lawyer on a transaction is about the most uneventful thing that can happen to you.
Can you help me with a brief about whether I can go for IBPS RRB GENERAL MANAGER OFFICER by having more than 2 years of exp in a Pvt Ltd bank as an assistant manager grade or not?
@@scorpiopheonix $5600 per year?!?! Wow, so that is about $100 USD per week. I heard in India that people that work at Google are at about $30k USD per year. Is that true?
What sort of life do these ib people have if they are working crazy hours(at least 70+ hrs/week) for the 100k salary that they are pulling? What about their health, burnout rate? Do they even have any time to develop any hobbies? Money looses it's sheen beyond a certain level (unless you are still a money crazed maniac at say around 35 years) The sedentary jobs and long working hours are bound to screw up your health big time.
Zhou Qunfei is richest woman in china with 10 billion dollars worth. She was factory worker, then became entrepreneur, founder of lens technology. In job, u will never be able to place yourself in forbes list. Job can never beat business.
For every Zhou Qunfei there are thousands of failed businesses , most startups (90%) fail in 3-5 years , business is not easy and everybody thinks they can become millionaires by sharing steve jobs quotes
@ pratik, very true about being self dependent. I need your personal advice how to start own ib in gurgaon. Myself 57vyrs ca plus 35 yrs exp of all Africa financial controller in manufacturing concern now I have come back for good. Need to know how to start from scratch infrastructure & to get clients. Hope you reply. Tnx
Great video! In India are the crazy hours associated with IB applicable only to the top tier banks like GS, Jp morgan,etc. or are the hours equally bad working as a financial analyst for a mid tier firm
Great topiv selection and @insideiim u r doing a fantastic job....just if you could bring in more stories about following topics just like IB ..... 1.Digital Marketing or Marketing as a whole 2.Operations or Supply Chain 3.Branding/Brand Management in marketing,etc which provides more insights on MBA as whole Thanks...
Thanks, Shantanu glad to hear that! You can check out stories on Digital Marketing here - bit.ly/2ZeIV8Y Read more stories about MBA in Operations here - bit.ly/2R6vg0z And some Brand Management stories here - bit.ly/2Xk4yXS
Such interviewer Always focus is on big bucks but focus should be on experience that we gain from the deals like speaker replicated in interviews that matter bucks toh milte rahte hai. Its kick that mere kehane pe do bade company merge/demerge ho rahe hai.
Thank you so much for this video, it made my views clearer about Investment Banking. I want to ask some more questions, so can I have his social handle and email? If y'all have. It would be very helpful Thank you
I mean its okay to be in IB.... But what is d kick in a M&A deal.... D real kick that u get is in sales but nobody wants to do sales..... A good sales person will trump all IIM league graduates anyday....even in terms of money.....
ANONYMOUS bro u can achieve anything in life ... low marks should never stop u.... and even if u dont get into IIM's u still can achieve great in life.... ....
Thanks for this video. Can you please share experience of an IIM student who is working in Financial Engineering and Enterprise Risk management. I am waiting for that subject as well.
No B schools atleast in India has competence to offer courses in Financial engineering.....Its more about hardcore maths ....which hedge funds in Europe and US implements....there are no such hedge funds in India , who all do speciaised quant strategies.....Check out medallion fund in US ....
