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pusher
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Joined: November 25th, 2003, 5:34 pm

Finance Careers in India?

July 30th, 2008, 9:46 am

some yrs exp in fixed income. any ideas on the following fields:tradingresearchmid-office (risk mgmt, valuation, etc.)
Last edited by pusher on July 30th, 2008, 10:00 pm, edited 1 time in total.
 
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AbhiJ
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Joined: August 5th, 2008, 11:29 am

Finance Careers in India?

August 6th, 2008, 8:21 am

In India as far as quantitative work is concerned there are less number of firms.As far as I know some work related to Fixed Income Analytics is being done in the Bulge Bracket firms.You may try there.For trading there is Futures First , Mariott.Risk Management commercial banks like ICICI and all Bulge Bracket firms.
Last edited by AbhiJ on August 5th, 2008, 10:00 pm, edited 1 time in total.
 
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Lubbermuchhio
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Joined: August 4th, 2005, 10:37 am

Finance Careers in India?

August 6th, 2008, 9:12 am

QuoteOriginally posted by: AbhiJIn India as far as quantitative work is concerned there are less number of firms.As far as I know some work related to Fixed Income Analytics is being done in the Bulge Bracket firms.You may try there.For trading there is Futures First , Mariott.Risk Management commercial banks like ICICI and all Bulge Bracket firms.Less quant work in India can be attributed to the fact that there is a SEBI law that bars trading strategies that are explicitly "quant-based". Secondly, make sure that you do not get into any back office of any bulge bracket firm as a quant....else you may end-up being an excel/word-jockey who just does "Ctrl+C , Ctrl+V" jobs day in day out.ICICI/Other Indian banks dont ive you good pays, so be careful on how much you want to compromise.....I suggest you look westward...more towards London/NY or eastward...towards HK/Sing/Tokyo.Mumbai is not the best place to be looking around for quant jobs IMO.
Last edited by Lubbermuchhio on August 5th, 2008, 10:00 pm, edited 1 time in total.
 
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DominicConnor
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Joined: July 14th, 2002, 3:00 am

Finance Careers in India?

August 6th, 2008, 10:48 am

Lubbermuchhio tells me something I didn't know, have you any more details on the ban on "quant based" strategies ?There are some quants in India, but they are usually pretty keen to get out, even if they are working for larger firms.
 
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Lubbermuchhio
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Joined: August 4th, 2005, 10:37 am

Finance Careers in India?

August 6th, 2008, 11:16 am

QuoteOriginally posted by: DominicConnorLubbermuchhio tells me something I didn't know, have you any more details on the ban on "quant based" strategies ?There are some quants in India, but they are usually pretty keen to get out, even if they are working for larger firms.DCFC, now you know why Indian quants want to move out.Just for the record, I have said that trades using "Explicit/Pure Quant-Based Trading Strategies" are barred. Please mark the words "explicit/pure". Thanks !
 
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AbhiJ
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Joined: August 5th, 2008, 11:29 am

Finance Careers in India?

August 6th, 2008, 1:04 pm

QuoteOriginally posted by: LubbermuchhioQuoteOriginally posted by: AbhiJIn India as far as quantitative work is concerned there are less number of firms.As far as I know some work related to Fixed Income Analytics is being done in the Bulge Bracket firms.You may try there.For trading there is Futures First , Mariott.Risk Management commercial banks like ICICI and all Bulge Bracket firms.Less quant work in India can be attributed to the fact that there is a SEBI law that bars trading strategies that are explicitly "quant-based". Secondly, make sure that you do not get into any back office of any bulge bracket firm as a quant....else you may end-up being an excel/word-jockey who just does "Ctrl+C , Ctrl+V" jobs day in day out.ICICI/Other Indian banks dont ive you good pays, so be careful on how much you want to compromise.....I suggest you look westward...more towards London/NY or eastward...towards HK/Sing/Tokyo.Mumbai is not the best place to be looking around for quant jobs IMO.When a person asks what are the firms in a particular country one should answer to the point.It is not an easy decision to move to another country and more so in the present market.For that one needs to pursue a degree that alone is a big investment decision.Moreover as an international student it is imperative to pursue a good degree getting that is not a easy thing.If one pursues a mediocre program in the present scenario than it is quite possible that the person either be unemployed or be working as a excel jockey in London or NY.
Last edited by AbhiJ on August 5th, 2008, 10:00 pm, edited 1 time in total.