***Official Investment Banking Spring Week 2016 Thread***

I see. But is it true that most banks only have numerical and verbal tests and rarely any logical tests.

What opportunities are there for pre-undergrads to get some experience prior to applying for an internship in their first year of uni? I am currently a school leaver headed into the first year of my Econ degree and have no work experience related to finance.

I haven't been able to find anything myself, there was an insight day that I missed the closing date for and JP Morgan have discontinued one of their other school leaver programmes. Any suggestions?

You've pretty much missed the boat for everything I'm afraid. Just enjoy your summer before uni!

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Just so I'm aware, what exactly have I missed out on and how important are they?

I am able to get some work experience at an accountancy firm of my dad's friend so that I don't apply at the end of this year with no experience at all. I have also managed to find a career insight event by RBS.

Thanks!

Just so I'm aware, what exactly have I missed out on and how important are they?

I am able to get some work experience at an accountancy firm of my dad's friend so that I don't apply at the end of this year with no experience at all. I have also managed to find a career insight event by RBS.

Thanks!

Thanks man, it was about time. Any specific tips for preparing for 2016 Spring Weeks from people who have gone through the process before? Have you noticed there being a hindrance to hiring international students for their internships and spring weeks?

On my SWs most were from the UK but there were lots of international students, although most were from Europe.

- Practise the online tests. The questions are really simple and easy, just time pressured so being familiar with the style of questions (quite repetitive) helps. I used Google to find free example questions and I was fine.

- (I found the hardest) Asking yourself what you actually like, "Banking" has many different areas and career paths, which one is right for you? Although it's early days having a rough idea helps.

- Research both the company and the division. Values, share price, USP, recent developments, etc

- Follow the news: Greece, Yellen (rate rise), what oil/gold/FTSE/DJIA etc are doing.

- Basic knowledge. (There are many acronyms!). This is a gradual process starting from basics like Supply & demand, how interest works, what are the different divisions and what do they do (DCM, ECM, S&T, M&A etc) to an appreciation of DCF, LBO etc. How far you want to go is up to you, but you want to start building up an awareness and an understanding of what is going on.
I found investopedia very useful and for people with no experience Jake's CityCareer Series IB Handbook.

- (Long way off) For interviews have examples ready where you have demonstrated various skills and answers for why X division and why ABC bank etc. But to do this you need examples to give and have done your research.

- CV 1 page long in the correct format and layout. Cover Letter same. The Mergersandinquisitions website has a pretty good article on this as well as others on the different divisions etc.


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Thanks! I'm an international student from Singapore - do you have any idea if non-EU internationals have a harder time getting SWs and summer internships in general? Anecdotal evidence is fine. I'm hoping to break into IB with a LSE degree so securing a well-paying job is crucial in order to make the LSE fees worth it over a local university.

What opportunities are there for pre-undergrads to get some experience prior to applying for an internship in their first year of uni? I am currently a school leaver headed into the first year of my Econ degree and have no work experience related to finance.

I haven't been able to find anything myself, there was an insight day that I missed the closing date for and JP Morgan have discontinued one of their other school leaver programmes. Any suggestions?

I think HSBC are still open for applications for the insight day. I could be wrong so don't get your hopes up.

https://www.globalbusinesses.gtios.com/Vacancy/Search/PreLogonSearchPostedResults.asp

Mostly insight days, gap year schemes and the 'steps to success' programme for disadvantaged students.

It doesn't matter too much - I'm in the same boat - but any experience is obviously a plus. I imagine the majority of people won't have extensive internships on their CVs when applying for Spring Weeks.

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You would be very surprised at the strength of the candidates.

was talking to couple lads on one sw, and bro these guys were legit. starting their own profitable businesses, some tech start-ups etc..

made me feel insignifcant. them ones where you get questioned like "what's the most interesting thing about you" and you're like i got the new nike airforces and made it out the hood and the other guys be talking how they started businesses from scratch

next year might be a big4 application ting.. can't compete

Hey guys

Stupid question perhaps, but how exactly do you network? Just getting their names and having a good chat? Or do people try and get their emails and LinkedIn profiles?:' Just new to this is all!