SHILLONG, Nov 23: A team from Indian Institute of Management (IIM) Shillong emerged as the national winners of the premier season of HSBC IB League. Soumya Goha and Ramesh Jaiswal represented IIM Shillong alongside national finalists IMT-Ghaziabad, MDI Gurgaon, IIFT-Delhi, IIM Kozhikode, SIBM and SCMHRD.
HSBC Investment Banking (IB) League is a national B-school corporate competition organised by the investment banking arm of HSBC. The competition was directed by the Strategic Transaction group of HSBC branches located at Bangalore and Yangzhou (China) and aims to provide the B-School participants, a real world simulation of Investment Banking.
Ramesh Jaiswal on his return to the institute stated “It was a rigorous exercise but the preparations and presentations made us climb our learning curve and provided real time investment banking.”
Soumya Guha stated, “The final round had several challenges for participants but it helped us understand the domain better in terms of its aspirational values and expectations.”
The competition involved 5 levels of submission, each requiring extensive research, strategic ideation, persuasive presentation, valuation and financial modelling. Over 4 months, the team had to undergo various gruelling rounds, each tougher than the former.
Nine esteemed panellists were invited to judge the final round which consisted of investment bankers from China, India and UK along with senior leaders of HSBC from different segments including Customer Relationship Management, Asset Management, Equity Research, and Analytics amongst others.
The final round of the league involved extensive interaction with the real life investment bankers, understanding the work, expectations and strategies which they take to provide the deliverables in right time.
The winners had a lot to learn and will have a lot to share with their fellow participants at the institute.
IIM Shillong has grown at a rapid pace and is one of the premier institutes of management education in the country. Established in 2008, the Institute has focused on grooming its participants into managers who work for the betterment of society and the North-east region.