The "Am I good enough for Investment Banking/Consultancy?" Thread

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  1. KLL's Avatar
    • Overlord in Training
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    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    (Original post by Dukeofwembley)
    they would not allow you to converse in languages other than your mother tongue and english

    reason being, if your not a native level speaker you couldd say the wrong word and could destroy or have a negative impact with clients

    buisness is conducted in english, simple as, if they need other language speaker, theyll usually hire someone from that area

    unless you can speak maori, somali, parsi, pashto etc(ie rare language, not spanish, french etc)
    Not necessarily.
  2. super.teve's Avatar
    • Benevolent Member
    • Location: Manchester
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    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    Just thought i'd throw this in here, to see what people think of my chances, im probably not going to go into this area, but it's nice to think about options.

    Work history:
    Business Manager, running every area of the business, including expanding into two new areas and looking into expansion further, staffing, business relations, setting up partnerships, finance, marketing, social media work (pretty much everything). Under me we've increased turnover by 75% in one year, gone from one member of staff to ten etc etc.
    Worked at Topman, for Nokia UK and my uni's internet support service.
    Part of my hall's RA.

    Grades:
    4xA*, 8 A's 2 C's
    AABB at A level (politics, English lit, sociology and critical thinking A2)
    Degree: Politics and International Relations at the university of Manchester.

    Hmmm? I'm probably not going to stand a chance, but if I did, do you think I'd get any sort of chance? (I'm really not considering a long term career yet, Im coming to the end of my first year)
    Last edited by super.teve; 21-05-2012 at 01:00.
  3. non's Avatar
    • Peer Of The TSR Realm
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    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    (Original post by super.teve)
    Just thought i'd throw this in here, to see what people think of my chances, im probably not going to go into this area, but it's nice to think about options.

    Work history:
    Business Manager, running every area of the business, including expanding into two new areas and looking into expansion further, staffing, business relations, setting up partnerships, finance, marketing, social media work (pretty much everything). Under me we've increased turnover by 75% in one year, gone from one member of staff to ten etc etc.
    Worked at Topman, for Nokia UK and my uni's internet support service.
    Part of my hall's RA.

    Grades:
    4xA*, 8 A's 2 C's
    AABB at A level (politics, English lit, sociology and critical thinking A2)
    Degree: Politics and International Relations at the university of Manchester.

    Hmmm? I'm probably not going to stand a chance, but if I did, do you think I'd get any sort of chance? (I'm really not considering a long term career yet, Im coming to the end of my first year)
    is that your business because that would look very good for recruiters. also, what type of business is it? if you don't mind saying but you do have a good chance but what devision do you want to get into?
  4. HeyyImRyan's Avatar
    • Adored and Respected Member
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    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    (Original post by super.teve)
    Just thought i'd throw this in here, to see what people think of my chances, im probably not going to go into this area, but it's nice to think about options.

    Work history:
    Business Manager, running every area of the business, including expanding into two new areas and looking into expansion further, staffing, business relations, setting up partnerships, finance, marketing, social media work (pretty much everything). Under me we've increased turnover by 75% in one year, gone from one member of staff to ten etc etc.
    Worked at Topman, for Nokia UK and my uni's internet support service.
    Part of my hall's RA.

    Grades:
    4xA*, 8 A's 2 C's
    AABB at A level (politics, English lit, sociology and critical thinking A2)
    Degree: Politics and International Relations at the university of Manchester.

    Hmmm? I'm probably not going to stand a chance, but if I did, do you think I'd get any sort of chance? (I'm really not considering a long term career yet, Im coming to the end of my first year)

    The person above doesn't really know what he's talking about I don't think
    You have several disadvantages in your application, firstly that you're at Manchester not a top 6, and secondly that your degree isn't really quantitative.
    Especially relevant as you don't have maths A Level either.

    One other thing to consider is that you have missed spring weeks, so will need to catch up fast to get back to a fair chance. I'd suggest trying to get some work in finance in the summer, a summer internship etc. even if it is just a couple of weeks.
    Next step would be to join the investment society at your uni (assuming they have one, if not, start one!). You also need to find a 'spark' to show why you had an epiphany and wanted to be in finance.

    All in all, you obviously have a chance, but you're disadvantaged because of your uni, degree and experience which means that you need to catch up fast to have any chance of getting accepted into a grad scheme at the end of your degree.
    Look for any internship you can find in boutiques over the summer and try to get some more finance-related experience within uni too.


    Goodluck!


    (Also worth mentioning it's not something you'll really get into if you're not committed, it's not a "I'll give it a try" occupation, you have to show passion, commitment and dedication through your experience and in your interviews.)
  5. Tsunami2011's Avatar
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    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    (Original post by HeyyImRyan)
    The person above doesn't really know what he's talking about I don't think
    You have several disadvantages in your application, firstly that you're at Manchester not a top 6, and secondly that your degree isn't really quantitative.
    Especially relevant as you don't have maths A Level either.

    One other thing to consider is that you have missed spring weeks, so will need to catch up fast to get back to a fair chance. I'd suggest trying to get some work in finance in the summer, a summer internship etc. even if it is just a couple of weeks.
    Next step would be to join the investment society at your uni (assuming they have one, if not, start one!). You also need to find a 'spark' to show why you had an epiphany and wanted to be in finance.

    All in all, you obviously have a chance, but you're disadvantaged because of your uni, degree and experience which means that you need to catch up fast to have any chance of getting accepted into a grad scheme at the end of your degree.
    Look for any internship you can find in boutiques over the summer and try to get some more finance-related experience within uni too.


    Goodluck!


    (Also worth mentioning it's not something you'll really get into if you're not committed, it's not a "I'll give it a try" occupation, you have to show passion, commitment and dedication through your experience and in your interviews.)
    Out of pure interest, how have you gone from an AS student to an expert on IB in the space of a few short months?:unimpressed:
  6. Tateco's Avatar
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    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    (Original post by Tsunami2011)
    Out of pure interest, how have you gone from an AS student to an expert on IB in the space of a few short months?:unimpressed:
    This... I love the regurgitated, unsubstantiated, mostly obvious advice.
  7. HeyyImRyan's Avatar
    • Adored and Respected Member
    • Posts: 442
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    (Original post by Tsunami2011)
    Out of pure interest, how have you gone from an AS student to an expert on IB in the space of a few short months?:unimpressed:

    I am still an AS/A2 student, but have read through hundreds of threads, read through the internship threads too to see what sort of things people have to get into SWs, internships, grad schemes; and also have read through websites like M&I and Wall Street Oasis to get more info on the requirements

    I'm still an A Level student, but would you really consider my suggestions to the poster to be incorrect or inaccurate?
  8. Tateco's Avatar
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    • TSR Demigod
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    (Original post by HeyyImRyan)
    I am still an AS/A2 student, but have read through hundreds of threads, read through the internship threads too to see what sort of things people have to get into SWs, internships, grad schemes; and also have read through websites like M&I and Wall Street Oasis to get more info on the requirements

    I'm still an A Level student, but would you really consider my suggestions to the poster to be incorrect or inaccurate?
    It's just the fact you've admitted the advice hasn't come from anywhere real, but has just been read from other forums and reposted as if it is the truth.
  9. december2's Avatar
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    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    I am a foreign student doing my MSc in International Management, specialization in Finance at a target Uni (I would have liked to do MSc Finance, but did not qualify due to inefficient Finance courses in my BA Economics/Geography, where I also got a 2:1). My program is known to historically (including this year) send many people into IB however, so this is not an issue.

    I have done one previous unrelated internship in the public sector, and this summer (after attending ALL the major bank presentations and then only getting to two first-rounds) I'll managed to work some connections to get a accounting/financial analyst role at a small boutique.

    When people say "make sure to get some finance experience before you apply" how can one do that when I applied to all the major IB internship roles, and also scoured, researched and cold called boutiques and still ended up with nothing?

    I feel like I'm being held back by a) that I'm not an EU citizen, so I'm put lower on the priority, and b) that I don't have direct finance experience (but how, when I can't even get basic summer analyst roles that 3rd year BA students are getting?!)

    I really don't know what to do anymore to improve my chances next October, as it's my last chance.
  10. eesaa94's Avatar
    • Junior Member
    • Posts: 40
    Im doing chemistry, biology and economics at a-level. In in first year of a-level and i might drop biology and pick up business studies and complete the whole of business alevel in 1 year.Would I be able to get into economics degree? Thanks guys


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  11. DeeDub's Avatar
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    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    (Original post by eesaa94)
    Im doing chemistry, biology and economics at a-level. In in first year of a-level and i might drop biology and pick up business studies and complete the whole of business alevel in 1 year.Would I be able to get into economics degree? Thanks guys


    This was posted from The Student Room's iPhone/iPad App
    Keep the Biology and forget about Business Studies. If you want to improve your chances of getting onto an Economics course I would pick up Maths.
  12. Jackfinance17's Avatar
    • Exalted Member
    • Posts: 345
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    I am year 12 atm

    GCSE -
    Triple sciences 3A*
    maths A*
    Chinese A*
    RE A
    ICT OCR National 4 distinctions
    PE B
    English lang B

    A level -
    A2 Maths A*
    A2 Further Maths perdition A*
    AS Physics Economics Politics predictions 3As
    Critical Thinking D or E

    Am I good enough for banking?

    I heard from a guy who works in the city that nowadays Economics degree is not very competitive in terms of securing financial jobs, he told me that Mathematics degree is absolutely essential in such area, he also told me that the job is really all about maths and how you use maths to earn money, also it is easier to study Economics after maths but it is difficult another way round. In Economics degree only consists of 1/3 of the maths in a Maths degree so I was thinking about maths degree instead. He also told me that a first is absolutely important, and it is very difficult to get into banking using a 2:1.
    I am not sure how much it is actually true, but that is what he told me, and he works for front office for many investment banks and as part of the recruitment team.
  13. DeeDub's Avatar
    • Overlord in Training
    • Location: Manchester
    • Posts: 2,191
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    (Original post by Jackfinance17)
    I am year 12 atm

    GCSE -
    Triple sciences 3A*
    maths A*
    Chinese A*
    RE A
    ICT OCR National 4 distinctions
    PE B
    English lang B

    A level -
    A2 Maths A*
    A2 Further Maths perdition A*
    AS Physics Economics Politics predictions 3As
    Critical Thinking D or E

    Am I good enough for banking?

    I heard from a guy who works in the city that nowadays Economics degree is not very competitive in terms of securing financial jobs, he told me that Mathematics degree is absolutely essential in such area, he also told me that the job is really all about maths and how you use maths to earn money, also it is easier to study Economics after maths but it is difficult another way round. In Economics degree only consists of 1/3 of the maths in a Maths degree so I was thinking about maths degree instead. He also told me that a first is absolutely important, and it is very difficult to get into banking using a 2:1.
    I am not sure how much it is actually true, but that is what he told me, and he works for front office for many investment banks and as part of the recruitment team.
    Among the cohort (mainly working in Markets opposed to IBD) that i know, the split between Econ and Maths is fairly even. The question is what is the attrition rate for applicants with each type of degree, that is something I don't know, although one suspects it to be higher for Econ grads. As for a 1st being a "must have" then it depends. Some desks will be very choosy academically others less so and are more likely to select you based on if they think you would be good addition to the team.
  14. Jackfinance17's Avatar
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    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    (Original post by DeeDub)
    Among the cohort (mainly working in Markets opposed to IBD) that i know, the split between Econ and Maths is fairly even. The question is what is the attrition rate for applicants with each type of degree, that is something I don't know, although one suspects it to be higher for Econ grads. As for a 1st being a "must have" then it depends. Some desks will be very choosy academically others less so and are more likely to select you based on if they think you would be good addition to the team.
    Hi,

    I am still not sure if my grades are good enough though, even for a good university, the whole UMS scores had made me furious.
    I am now confused about what's the difference between a trader and a banker now, because he talked about them but I still now sure what they do. And I mean like if you want a career that can make plenty of money, then which desk should I be? And I was thinking about hedge funds, but he told me the banks are restricting the position for such job because they don't want bankers to gamble anymore. I am just confused.
  15. DeeDub's Avatar
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    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    (Original post by Jackfinance17)
    Hi,

    I am still not sure if my grades are good enough though, even for a good university, the whole UMS scores had made me furious.
    I am now confused about what's the difference between a trader and a banker now, because he talked about them but I still now sure what they do. And I mean like if you want a career that can make plenty of money, then which desk should I be? And I was thinking about hedge funds, but he told me the banks are restricting the position for such job because they don't want bankers to gamble anymore. I am just confused.
    I suggest you do some reading to try and get a clearer idea of how the industry works before you set yourself on a trajectory towards it. Wikipedia isn't actually a bad place to start:

    http://en.wikipedia.org/wiki/Investment_bank
  16. Bankahoy's Avatar
    • New Member
    • Posts: 17
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    Hey guys,

    Would really appreciate any comments/ideas on how to bump up my CV and skill set as I am entering my second year of uni and applying for summer internships. Short summary of my CV as of now:

    # First year (entering second) BA (Hons) Economics and Finance at University of Exeter - current 1st class
    # Summer 2010 & 2011: Accountant Clerk/Personnel clerk at Guldfågeln, Sweden (largest producer of poultry products in Sweden) - responsible for double-entry bookkeeping system & sole administrator of staff during the summer
    # Communications officer of Exeter Finance and Investment Society
    # International Baccalaureate - 36 total (mucked up HL maths..)
    # Represented Sweden in the World Schools Debating Championship in 2009
    # Starting up an online e-commerce business in Exeter summer 2012 (not done yet but will be ready to launch in September)
    # Fluent in Swedish, English - conversational level Chinese; i.e. can hold conversations but not read/write or conduct interviews in Chinese
    # University of Exeter Business School Ambassador - represent the school at public events
    # Exeter Change Agent - responsible for the student involvement in the development of Exeter's new surface tables (computer tables)
    # Summer Intern 2012 at M&A, Corp Finance boutique with offices in Sweden & London: awarded Best M&A and Corp Finance boutique three years running (prefer to leave out the name) - involved in the due diligence process of one transaction and also conducting market research for a large PE firm which

    Sorry about the poor structure of the CV summary

    Does anyone have any ideas on how I could improve my employability skills before summer internships deadlines start closing in?

    Would also very much like to know which banks I would even stand a chance at if I'd like to do Investment Banking, M&A or Corporate Finance (or similar). I know Citi is taking on Exeter students but what type of chances would I have getting something at GS, JP or Morgan Stanley assuming that I don't utilize any contacts? Completely unrealistic or plausible?
  17. maths134's Avatar
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    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    Hey, I'm end of year 13 and wondering if this is ok at this point.
    Work experience so far: none but will aim to get some spring week/internships etc
    A-levels: A*A*A*A (maths, further maths, physics, classics) - assume I get this.
    University: Cambridge or Durham

    If Durham what are my chances like? Realistically?
  18. SW1X's Avatar
    • Respected Member
    • Posts: 206
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    (Original post by maths134)
    Hey, I'm end of year 13 and wondering if this is ok at this point.
    Work experience so far: none but will aim to get some spring week/internships etc
    A-levels: A*A*A*A (maths, further maths, physics, classics) - assume I get this.
    University: Cambridge or Durham

    If Durham what are my chances like? Realistically?
    Question: Why are there pictures of half naked men in your sig?
  19. maths134's Avatar
    • Exalted and Worshipped Member
    • Posts: 1,227
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    (Original post by SW1X)
    Question: Why are there pictures of half naked men in your sig?
    lol oh why not? and probably should have stated my degree is Mathematics.
  20. multiplexing-gamer's Avatar
    • Vengeful, Imperial Overlord of The Student Room
    • Location: Mount Fuji
    • Posts: 3,870
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    No F.Maths, will this effect me?
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