Wall Street is the home of New York Stock Exchange, the richest share market in the world. Investors here are busy round the clock to make the best of the potential opportunities that shares of different companies can offer. Behind the top investors, financial analysts are researching day and night to feed the investors valuable information so that the investors can take the smart decisions. It is interesting to note that investment research works are now being outsourced to India and by 2011 there will perhaps be more analysts in India than USA. I found a very interesting article in The Sydney Morning Herald titled, 'Wall St brokers outsource investment research to India'.
The key to Indian success in this field is just cheap wage and nothing else:
" Analysts in cities like Mumbai make as little as $US20,000 ($26,570) a year, according to Absolute Return, a hedge fund newsletter. That compares with an average of $US181,000 in the US in 2005, a survey by the CFA Institute found."
Thus, Wall Street investors will become more interested to hire more Indian researchers and if this trend continues then by 2011, there will be more analysts in India than in USA. I hope that these Indian researchers can help the Indian share market too.
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