Aug 4, 2006

I-Banks starting to move to undergrad colleges

Is doing an MBA from IIM not really the benchmark to get into an Investment Bank anymore?

Lehmann Brothers, Tokyo went to IIT Chennai to pick up folks to do the quantitative analysis, while Lehmann India went to 5 of the IITs.

Considering that a significant percentage of the IBankers who get into the Goldman Sachs and Lehmann Brothers, from the IIMs are from IITs , does this mean that those engineers who want to specialise in quant analysis will turn up the chance to do an MBA and use the two years to earn money?

Even the strategy consulting firms are moving down the path. McKinsey, BCG, Deloitte US have gone to the IITs to pick up business analysts in significant numbers.

In the long run I see a trend of MBA education mirroring the US, once the high paying jobs move down to the undergrad colleges. People from the blue chip colleges (IITs and RECs for engineering, Stephens and Xaviers and Presidencys for basic graduation) will start moving into jobs and probably do an MBA not for a job but for leearning 5-10 years later down the line.


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2 comments:

  1. I-Banks typpically prefer people with less experience to start with. Even in B-schools most of the guys who go to I-Banks will have no experience or less than 2 years exp. If these companies go to the undergrad colleges then they can easily get people who don't have any exp. and also get really good people from the IIT's as a career in I-Banks is glamourous to start with.
    I hope what you are saying about people 5-10 years later going back to get an MBA for learning would come true. :)

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  2. It is good that the Indian MBA system is maturing as more and more people with experience study in the college. The curriculum, anyway, suits middle level managers better.

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