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

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  1. Eric Qin's Avatar
    • Benevolent Member
    • Posts: 863
    Re: Chances of Investment Banking?
    To find more banks, i believe one of them will hire you or give you a chance for internship!
  2. Haz313's Avatar
    • Overlord in Training
    • Location: London
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    --
    Last edited by Haz313; 29-04-2009 at 23:42.
  3. DeanK2's Avatar
    • Banned
    • Location: possibly nextdoor
    • Posts: 2,371
    Re: Answering questions for newcomers
    Is IB&C really the only realitic way of earning vast amounts with a maths degree.

    (Obviously proving one of the milleniums or producing an algortihm to factor large numbers would yield the same results - but they aren't really a sure thing).

    Also, what would an Oxford first Mathematics degree open up for you? Is it really a 'connections' business?

    Cheers.
  4. fieryiceissweet's Avatar
    • Benevolent Member
    • Location: Manchester
    • Posts: 635
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    what exactly is meant by target?
    i swear some people seem to have different ideas of what it means
    to me a target uni is somewhere which, if applied from, your application wont be auto binned
    eg app from cam will be considered, app from de montfort will be auto binned
    app from warwick/ucl will still be considered, somewhere like manchester is touch and go..
  5. Breitling's Avatar
    • Adored and Respected Member
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    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    (Original post by fieryiceissweet)
    what exactly is meant by target?
    i swear some people seem to have different ideas of what it means
    to me a target uni is somewhere which, if applied from, your application wont be auto binned
    eg app from cam will be considered, app from de montfort will be auto binned
    app from warwick/ucl will still be considered, somewhere like manchester is touch and go..
    10 Targets:

    Oxford
    Cambridge
    LSE
    Imperial
    UCL
    Warwick
    Bristol
    Durham
    St Andrews
    Edinburgh

    I'm pretty sure you're app won't be automatically binned if you are from a top 25/30 uni. Think about it...there will be one or two that are top notch and the banks will find them.
  6. Jibzy's Avatar
    • Overlord in Training
    • Location: Essex
    • Posts: 2,638
    Re: Chances of Investment Banking?
    (Original post by loggins)
    If you intern well and impress the bank, even if you miss the 2.1 they'll still probably take you. Getting your foot in the door is the hard part and if you've got a 2.2 it'll be damn near impossible. OP, take some easy modules, do what you can to get a 2.1 or above.
    i know people who got 2.2's and missed out on a 2.1 by 3 marks or so and yet got their FO offers withdrawn by a "tier 2" bank. things are probably much tougher than they used to be.
  7. abdom0n's Avatar
    • Exalted Member
    • Location: Ldn
    • Posts: 278
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    (Original post by Breitling)
    10 Targets:

    Oxford
    Cambridge
    LSE
    Imperial
    UCL
    Warwick

    Bristol
    Durham
    St Andrews
    Edinburgh

    I'm pretty sure you're app won't be automatically binned if you are from a top 25/30 uni. Think about it...there will be one or two that are top notch and the banks will find them.
    Not many banks target either St Andrews or Edinburgh. The ones highlighted are banks target for Front Office roles.
  8. loggins's Avatar
    • Vengeful, Imperial Overlord of The Student Room
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    Re: Chances of Investment Banking?
    (Original post by Jibzy)
    i know people who got 2.2's and missed out on a 2.1 by 3 marks or so and yet got their FO offers withdrawn by a "tier 2" bank. things are probably much tougher than they used to be.

    I guess it varies bank to bank. Where I interned this summer, they were certainly very lenient with the terms of the condifions of their offers. Also, a couple of my friends received unconditional grad offers from other banks, so things are not as tough as you'd expect (as long as you impress).
  9. Jibzy's Avatar
    • Overlord in Training
    • Location: Essex
    • Posts: 2,638
    Re: Chances of Investment Banking?
    (Original post by loggins)
    I guess it varies bank to bank. Where I interned this summer, they were certainly very lenient with the terms of the condifions of their offers. Also, a couple of my friends received unconditional grad offers from other banks, so things are not as tough as you'd expect (as long as you impress).
    I guess so. but one would have thought that the tier 1 banks would be stricter than the tier 2 banks. but i guess it's not as easy as that.
    I heard someone at Goldman still retained an offer with a 3rd class. wow...
  10. loggins's Avatar
    • Vengeful, Imperial Overlord of The Student Room
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    Re: Chances of Investment Banking?
    (Original post by Jibzy)
    I guess so. but one would have thought that the tier 1 banks would be stricter than the tier 2 banks. but i guess it's not as easy as that.
    I heard someone at Goldman still retained an offer with a 3rd class. wow...
    Probably something to do with the time and money they invest into training up interns. It's also a lot to do with the personality of the individual I reckon.
  11. onmi's Avatar
    • New Member
    • Posts: 17
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    So I have a question. Next year I'm starting a physics masters and the non backup universities I've applied too are durham, warwick, UCL, and KCL. Is the only way for me to get into investment banking to do a phd and become a quant or are there other opportunities for physics graduates?
  12. uthinkilltellu's Avatar
    • TSR Demigod
    • Posts: 5,915
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    Depending on where you've done your undergraduate degree and what you got, plus on any work experience you might have. But, it is possible to get into any dept of ibanking with a masters (other than quant assoc).
  13. tazarooni89's Avatar
    • TSR Legend
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    I'm wondering - suppose you go to a top 5 uni.

    Which holds more weight - the class of degree you get, or the university you get it from?

    So for example would a First from UCL be considered as good as a 2:1 from Imperial?
  14. Haz313's Avatar
    • Overlord in Training
    • Location: London
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    (Original post by tazarooni89)
    I'm wondering - suppose you go to a top 5 uni.

    Which holds more weight - the class of degree you get, or the university you get it from?

    So for example would a First from UCL be considered as good as a 2:1 from Imperial?
    probably better. a better example would be asking if a 2.1 from oxbridge/lse would compare with a 1st from UCL
  15. Roundabout's Avatar
    • Exalted and Worshipped Member
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    For front office IB, would the following be accurate?

    Oxbridge & LSE Economics / Economics & Management
    ^
    UCL Economics
    ^
    Warwick Economics
    ^
    Warwick MORSE

    I received an offer for UCL Economics, and, based on past posts on TSR as well as league tables, I am already starting to discard Warwick's courses from my relevant options.

    edit: the other thread is more relevant to this.
    Last edited by Roundabout; 22-11-2008 at 13:14.
  16. friedman's Avatar
    • Full Member
    • Location: LONDON
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    i think you are a fool to base your decisions soley on tsr comments. i would be happy study any of those courses. trust me i got offer from four of them. my final judgement was finally based on course structure and location. the difference btwn those courses is miniscule
  17. Roundabout's Avatar
    • Exalted and Worshipped Member
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    (Original post by friedman)
    i think you are a fool to base your decisions soley on tsr comments. i would be happy study any of those courses. trust me i got offer from four of them. my final judgement was finally based on course structure and location. the difference btwn those courses is miniscule
    I am not basing my decisions solely on TSR comments, but as a foreigner I do not have many alternatives. Yes, some of the comments on TSR will be biased, but I would argue that university prospectuses and websites are much more biased and offer much less useful information.
  18. Haz313's Avatar
    • Overlord in Training
    • Location: London
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    all 4 of those courses would probably be enough to get you an interview i'd say, but at the end of the day its not the 'be all and end all'. UCL is also in london so that might be helpful. just go to wherever you like the look of (where u can imagine having the best time for 3 year) as there really isnt that much in those bar the LSE/oxbridge
  19. tazarooni89's Avatar
    • TSR Legend
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    (Original post by Haz313)
    probably better. a better example would be asking if a 2.1 from oxbridge/lse would compare with a 1st from UCL
    Ok, well how would a 2.1 from Oxbridge/LSE compare with a 1st from UCL?

    Also, how difficult would it be to get a front office role with a 2.2 from oxbridge/LSE?

    Cheers
  20. Haz313's Avatar
    • Overlord in Training
    • Location: London
    Re: The "Am I good enough for Investment Banking/Consultancy?" Thread
    (Original post by tazarooni89)
    Ok, well how would a 2.1 from Oxbridge/LSE compare with a 1st from UCL?

    Also, how difficult would it be to get a front office role with a 2.2 from oxbridge/LSE?

    Cheers
    why would you even consider getting a 2.2 from LSE/oxbridge? would be such a waste of an opportunity :P
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