<p>i heard from a pretty reliable source that the analyst jobs at investment banks will be outsourced to India soon. Is this true? If it is, I don't even know what I'm even going for anymore..</p>
<p>If it is, I'm going to kill myself ASAP. Hell, I don't want to be a doctor like the rest of my family...</p>
<p>I don't see why not. I'm surprised it hasn't happened earlier. Virtually any job that does not require face to face contact with clients can be outsourced.</p>
<p>yeah, i honestly thought paying fresh college graduates over 100k a year for making pitchbooks was quite ludacrous.</p>
<p>your reliable source is absolute trash. i mean honestly they sometimes send american IBs over to Asia to lead emerging markets IBs! american IBs are not getting their jobs outsourced any time soon! While it could be done on an analyst number crunching level, associates up to MDs are too important and wield too much power to be outsourced.</p>
<p>well, my reliable source just graduated from a top-5 business undergrad program and will be working for one of the bb firms. </p>
<p>if they're wrong, they're wrong. but i would think it was a pretty reliable source..</p>
<p>It's kind of hard if not impossible to have pitchbooks made in India and have it at the meeting on time when the associate/VP/MD has to get on a plane in 45 minutes and has to go to a pitch 20 minutes after he/she lands unless the analyst made the pitchbooks in the same building and gave them to the associate/VP/MD.</p>
<p>But for simple numbercrunching that's possible. But if they're involved in producing the physical pitchbook in any way shape or form then they won't be outsourced even with FedEx.</p>
<p>and honestly although analysts probably could be outsourced with todays technologies, analyst route is often a way for IB to train you for higher level job. they're not gonna outsource IBs. </p>
<p>So what your friend graduated from a top5 school and going to go work in BB? Means nothing. If he was a MD however, he might be a reliable source.</p>
<p>well yeah, that's why i'm not relying heavily on it.
that's why i was hoping someone here could shed some light on it. </p>
<p>by the way, are you an md? if not.. how would you know then? haha :]</p>
<p>
[quote]
It's kind of hard if not impossible to have pitchbooks made in India and have it at the meeting on time when the associate/VP/MD has to get on a plane in 45 minutes and has to go to a pitch 20 minutes after he/she lands unless the analyst made the pitchbooks in the same building and gave them to the associate/VP/MD.</p>
<p>But for simple numbercrunching that's possible. But if they're involved in producing the physical pitchbook in any way shape or form then they won't be outsourced even with FedEx.
[/quote]
Wouldn't they just be sending the soft copy? Then it would be edited and printed in New York?</p>
<p>Yeah Mr.Payne your right, I didn't understand NYUStudents comment at all. </p>
<p>No, I'm not an MD, but I have connections in a godfather thats an MD and I have common sense. No offense but investment banks aren't going to outsource their star players. Heck, they haven't even outsourced all the IT they could yet.</p>
<p>What about the "quant" jobs, like quantitative strategies, risk management and stuff that financial engineers do in investment banks? Since this is a highly technical job that does not require much client interaction, won't it be outsourced too?</p>
<p>It could be outsourced. However, the supply of ultra-skilled numbers guys still isn't very big and the pay likely would equalize at a rather high level.</p>
<p>Thats a good example too. IT and Quants would most likely be fully outsourced before they even considered outsourcing the actual corp.finance guys and stuff.</p>
<p>IIM (Indian institute of management) is almost as good as Wharton, so I hear.</p>
<p>and far more selective 1/600 applicants is admitted</p>
<p>think about how many schools they have compared to us. Same with China.</p>
<p>And outsourcing has been talked about for years</p>
<p>However, it is happening rather slow</p>
<p>southpasadena that's just research, it's not corporate finance</p>
<p>but that is still heavily part of ibanking, and research is only the starting point, the creation of pitch books has started to move over sees</p>
<p>thanks again southpasdena for the info.</p>
<p>looks like i'll be going for consulting now.. haha.</p>
<p>But you have to look, Jpmorgan had the largest percentage of ib workers in India, but as they have grown, they have brought a lot of resources back, even it. The larger companies get, the harder they are finding it is to control everything that goes on abroad. Currently, most of the outsourced ibankers are really not outsourced at all, rather it is for the exposure to that region rather than for cost savings.</p>