[elephantdon]

hey guys im looking into doing investmnent banking and i was wondering if i get into the top 100 IB's how much will the salary be?


also, if i was to go uni of york for economics would i still be able to go to the top 50 ib's?

[TomasK]

(Original post by elephantdon)
hey guys im looking into doing investmnent banking and i was wondering if i get into the top 100 IB's how much will the salary be?


also, if i was to go uni of york for economics would i still be able to go to the top 50 ib's?

That's quite am... Quite a spread of IBs you're looking in to there.

[elephantdon]

(Original post by TomasK)
That's quite am... Quite a spread of IBs you're looking in to there.

sorry im new to this i didnt understand what you stated by 'am'.

[TomasK]

(Original post by elephantdon)
sorry im new to this i didnt understand what you stated by 'am'.

Oh, that's nothing, just the equivalent of 'err', the thinking sound sort of thing. Still though, point stands, there's actually no top 100 per se.

[Zweihander]

Top 100 IBs?. I bet next you'll be asking what are the entry standards for the Top 100 unis.

[freedomyak]

(Original post by elephantdon)
hey guys im looking into doing investmnent banking and i was wondering if i get into the top 100 IB's how much will the salary be?


also, if i was to go uni of york for economics would i still be able to go to the top 50 ib's?

First of all I doubt there are even 100 IB firms in the UK, other than the mainstream bulge brackets there are perhaps a few dozen which specialise in particular markets...If I was asked to throw a number it would probably be in the ballpark of 40.

York does not particularly stand out from the crowd and although it is a very good uni...IB's want the cream of the education system and hence in my opinion at least your prospects will unfortunately be quite low unless you've got talent.

The main intake by the bulge brackets are from about 6 of the top unis (Oxbridge, LSE, UCL / Kings, Imperial, Warwick) give or take a couple which people always claim should / should not be on that list.
The boutiques and smaller firms will tend to widen their fishing net very slightly and perhaps consider the Top15 (pointless trying to list these) with first class honours.

[Hackett]

(Original post by freedomyak)
First of all I doubt there are even 100 IB firms in the UK, other than the mainstream bulge brackets there are perhaps a few dozen which specialise in particular markets...If I was asked to throw a number it would probably be in the ballpark of 40.

York does not particularly stand out from the crowd and although it is a very good uni...IB's want the cream of the education system and hence in my opinion at least your prospects will unfortunately be quite low unless you've got talent.

40? lol

[Bb^]

(Original post by elephantdon)
hey guys im looking into doing investmnent banking and i was wondering if i get into the top 100 IB's how much will the salary be?


also, if i was to go uni of york for economics would i still be able to go to the top 50 ib's?

Banking doesn't work quite like other professions such as law, where there are a large number of good quality firms (i.e. those names in the Legal 500) which you could just filter down based on what your personal sector preferences are, and which can operate with only a handful of staff. The very nature of banking, that it tends to be capital intensive (though worth noting small advisory boutiques don't require that) and staff-heavy, tends to mean you get fewer banks in a particular region than you would law firms.

The upshot of this is that banks can be picky with who they take on. UoY isn't a bad Uni, but as many will agree there's more to life (and banking recruitment) than simply what Uni you went to, and what course you took. Work experience and extra-curricular activities are just as important.

To your question on compensation. It varies, based on the size of bank you work for, and the exact role you do. If you're working in the back office (google it) then your salary won't be as high as someone working in the front office (google it), where the starting salary can be anywhere between £45k to £50k. If you're working at a smaller boutique, then you might also take a salary hit, versus someone working in a bulge bracket bank (google it).

Hope that helps.

Bb.

[KLL]

(Original post by Hackett)
40? lol

If you include IB arms of commercial banks, brokers and boutiques, I could easily come up with over 50 with offices in UK

[Hackett]

(Original post by KLL)
If you include IB arms of commercial banks, brokers and boutiques, I could easily come up with over 50 with offices in UK

I was saying that 40 was far too low.

[iSMark]

Who cares how many there are, you only need to get into one.

Starting salaries are about £45k but you also get a bonus, so quite a decent start. Living in London is expensive though, so you won't quite live like a king in your first year.

[elephantdon]

(Original post by iSMark)
Who cares how many there are, you only need to get into one.

Starting salaries are about £45k but you also get a bonus, so quite a decent start. Living in London is expensive though, so you won't quite live like a king in your first year.

so what is the lowest ranked ib

[KLL]

(Original post by Hackett)
I was saying that 40 was far too low.

Ah, fair play

(Original post by iSMark)
Who cares how many there are, you only need to get into one.

Starting salaries are about £45k but you also get a bonus, so quite a decent start. Living in London is expensive though, so you won't quite live like a king in your first year.

Only at the top IBs and some boutiques with graduate schemes etc. The vast majority will probably pay less, but they also make a much smaller % of hiring.

(Original post by elephantdon)
so what is the lowest ranked ib

pick a measure. They're not comparable really... Its a bit like asking for the lowest ranked athlete in the Olympics without specifying a category.

[iSMark]

(Original post by elephantdon)
so what is the lowest ranked ib

Elephantdon Banking PLC

Apparently?

or Troll Banking Plc

I can't remember.

[elephantdon]

(Original post by iSMark)
Ele
elephantdon Banking PLC

Apparently?

or Troll Banking Plc

I can't remember.

wat is ur problem

[M1011]

(Original post by elephantdon)
wat is ur problem

His problem is your thread. It's a joke. Sorry mate but do some research before posting silly threads like this.

[elephantdon]

(Original post by M1011)
His problem is your thread. It's a joke. Sorry mate but do some research before posting silly threads like this.

im only starting this thread because i want t know more;;;

[iSMark]

(Original post by elephantdon)
im only starting this thread because i want t know more;;;

Well I hope you have more sources than simply TSR. Have a look at some of the graduate scheme requirements etc on the banks website.

http://graduate.barclayscapital.com/...-opportunities

[hiding12]

(Original post by elephantdon)
wat is ur problem

you won't start on 50k thats ridiculous, more like between 30-40 and depending on where you work, i.e front or back office. I hope you don't value your spare time either as you it certainly isn't a 9-5

[M1011]

(Original post by hiding12)
you won't start on 50k thats ridiculous, more like between 30-40 and depending on where you work, i.e front or back office. I hope you don't value your spare time either as you it certainly isn't a 9-5

Think 45k is normal at BB? + bonus?