I've been seeing lots of high up positions in India. Will Robin and the EC give up their jobs for their India counterparts? Ridiculous!!
Why is no one talking about this?
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Who remembers when Suresh asked us to send any patent ideas to him.
I have patents. Should I send him my car keys as well?
LOL Suresh… remember that he claimed to have invented the Smart Phone in the 1970s?
Ain’t no M in BNYM
Right, @tbwj. We need Suresh back with his constant gibberish about self driving cars.
We have many seriously talented Managing Directors in India.
It’s so sad to think that you don’t realize this simply because you cannot accept that India MDs are every bit as good as caucasian MDs..
@8vzs, there have never been managers in Syracuse, only group leaders...
Anyone who doesn’t believe in accidental mgt didn’t work in Syracuse
No, the terms “accidental MD” and “accidental Managers” are only figments of your jealousy. Climbing the levels up management is a lot of work. It takes a lot of deliverables, a lot of achievements and a helluva lot of very visible achievements.
Channel your envy into a positive attitude, hard work and major accomplishments and your star will rise.
A huge issue is that we have MDs managing MDs. Makes no sense
@6iil, you're party right. Most of IT IS in India, but it's not really cheaper. Just look at our IT budget going up every year...
@6iil You would be making a good point except for the fact that we are not simply filling voids of time and function by augmenting with India. We are exchanging jobs. I can’t speak for other depts. but I can tell you that I’ve personally trained India staff and 2 months later, my coworker’s position was eliminated. I’ve seen this scenario played out many times over the past couple of years.
Im glad that you are ok and sleep well at night however this is not the case for all.
I'm going to say something unpopular. A good chunk of Technology is in India. Yes, a ton of that is for lower cost. But what a lot of people don't see is that they work the shifts that Americans won't. They work during their day so that we can sleep at night. I'm perfectly okay with this.
Interesting how those that cry racism all time are the first to bring race into the discussion.
And we survived just fine, as an American bank, with American employees, for the past 250 years.
Everyone is well aware, we’re exploiting cheap labor, that’s the bottom line. You’re so talented, maybe you should start your own bank?
Talent is not distributed only to caucasians. We couldn’t survive without our India based employees.
Corporate Colonialism
The term "accidental MD" refers to someone who has unexpectedly or unintentionally become a manager, often without prior training or experience in leadership roles. This can happen when:
- A team member is promoted to a management position due to their technical expertise, without considering their leadership skills.
- A company undergoes restructuring, and an employee is thrust into a management role.
- A manager leaves suddenly, and someone is asked to fill the gap temporarily, but ends up staying in the role.
Accidental MD's may face challenges such as:
- Lack of leadership skills and training
- Difficulty in transitioning from a team member to a management role
- Struggling to balance technical work with management responsibilities
- Limited understanding of management best practices
To succeed as an accidental manager, it's essential to:
- Seek training and mentorship
- Develop leadership and management skills
- Focus on communication and team building
- Learn to delegate and prioritize tasks
- Embrace the new role and responsibilities.
There are 618 MDs at the company, so 1.16% of total employees. The US has the highest number and percentage of MDs of any country with more than 1000 employees, with 447 of that total 618 MDs, or 2% of the total US workforce of 22430. This is even more stark when you look at city data, with NYC and London having an MD rate of 5.5% and 3.3%, respectively but Pittsburgh at .06%.
There are currently four MDs in India for 17500 total India-based employees, or a rate of .02% (effectively zero). This is by far the lowest MD percentage of any location, and even more notable considering it is our second largest country by total employee count. Essentially, this shows that low cost, low impact roles are overseas in India with basically no hope of achieving the highest ranks of decision making at the firm. But I’m assuming this isn’t the “issue” you’re referring to. Not sure how anyone can make the complaint you are when there are less than five MDs representing a country with nearly half our workforce.
Why shouldn't there be MD's in India when there are almost 20k employees MORE than any other place in the world ? This is the type of entitlement that gets you replaced by a cheaper resource in India.
Perhaps MD isn't as senior as you once thought
There have been MDs in India for a long time.