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

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Original post by natsciballer
Hi I just received a place on the JP Morgan insight day. Unfortunately I'm on holiday whilst it is on. Is it worth me flying out later so I can still attend it or is it not worth it- doing so will set me back around £165??????????????


£165 isn't much in the long-run. depends on what you feel is value for money. having the insight for spring weeks would be useful in showing determination. it really is dependent on how strong the rest of your profile is tbh.
Sure, it's hard to know without my A2 results how strong my application to spring weeks will be so I guess I should try to go. cheers for the reply
Original post by gr8wizard10
£165 isn't much in the long-run. depends on what you feel is value for money. having the insight for spring weeks would be useful in showing determination. it really is dependent on how strong the rest of your profile is tbh.
Someone guve me a crash course on what investment banking is. I don't plan on doing it but am curious.


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Original post by physicsmaths
Someone guve me a crash course on what investment banking is. I don't plan on doing it but am curious.


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google
Original post by gr8wizard10
google


Interesting.


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I am currently studying Accounting and Finance at Leeds University. I just finished my first year where I averaged at a 2:1 which I was disappointed with. In my A levels I got an A* in Maths and 2A's in Chemistry and PE. I have found that after my first year at uni, my exam results showed that I was getting high first's in the maths based exams and very low in the written based exams.

I was just wondering if anyone knows based on my academic grades etc whether I would be considered for a placement in investment banking if I went for one? Or is it unrealistic?
Hi all,

Im relatively new here and I've been reading the posts on this website concerning University of Manchester (The Uni im currently studying at) and its link with investment banking. The opinion here that i've ascertained is that its a neither here nor there when it comes to UoM being a target university. That being said, I would like advice of my prospects, as an international student, of getting a penultimate year internship or even a graduate internship which I could convert into a full-time offer at an investment bank.

Background Info:Im currently going into my second year at UoM's Business school with a Bsc in Management, specialising in Accounting and Finance, I finished the year with a First and would like to replicate my results for the second and third year. Work experience wise, I've spent two years in the Military (I was an officer) and after that I worked in Citibanks private wealth management department for 4 months as an intern. This summer I am currently a Summer Analyst at a Private equity firm which is rather reknown (name with-held as I'm
Currently working there but it is one of the top 10).

Do I stand a shot at competing with other higher tier Uni's such as Oxford, LSE, Warwick etc? Will I be able to secure a penultimate internship with the available experience? What are my prospects for a full time offer from a bulge bracket firm if I were to do a penultimate year internship in IB?If anyone here could give me advice, it would be greatly appreciated.
Original post by Hwinn95
I am currently studying Accounting and Finance at Leeds University. I just finished my first year where I averaged at a 2:1 which I was disappointed with. In my A levels I got an A* in Maths and 2A's in Chemistry and PE. I have found that after my first year at uni, my exam results showed that I was getting high first's in the maths based exams and very low in the written based exams.

I was just wondering if anyone knows based on my academic grades etc whether I would be considered for a placement in investment banking if I went for one? Or is it unrealistic?


average a 2:1 and you'll meet academic requirements. the rest is up to the rest of your CV, what extra-curriculars you have etc..

you study at a non-target which will put you at a disadvantage (don't think anyone in the area i'm at has a degree at leeds), so networking is your best bet, trying to get on insight days or just general banking events and meeting bankers through that. if you work hard enough and want it bad enough, i'm sure it's possible. :smile:
Original post by Mrvoodoo
Hi all,

Im relatively new here and I've been reading the posts on this website concerning University of Manchester (The Uni im currently studying at) and its link with investment banking. The opinion here that i've ascertained is that its a neither here nor there when it comes to UoM being a target university. That being said, I would like advice of my prospects, as an international student, of getting a penultimate year internship or even a graduate internship which I could convert into a full-time offer at an investment bank.

Background Info:Im currently going into my second year at UoM's Business school with a Bsc in Management, specialising in Accounting and Finance, I finished the year with a First and would like to replicate my results for the second and third year. Work experience wise, I've spent two years in the Military (I was an officer) and after that I worked in Citibanks private wealth management department for 4 months as an intern. This summer I am currently a Summer Analyst at a Private equity firm which is rather reknown (name with-held as I'm
Currently working there but it is one of the top 10).

Do I stand a shot at competing with other higher tier Uni's such as Oxford, LSE, Warwick etc? Will I be able to secure a penultimate internship with the available experience? What are my prospects for a full time offer from a bulge bracket firm if I were to do a penultimate year internship in IB?If anyone here could give me advice, it would be greatly appreciated.


Manchester is not a target, could be categorised as a semi-target.

Your profile seems incredibly strong, if IB is your goal I'd definitely apply, you have a good shot at getting in with a PE internship and relevant experience within the banking industry. If you get an internship at a BB you should be able to convert that into a full-time.
I'm currently working for a BB in a MO role however ultimately I would like to break into Investment Banking. Some background information - Undergraduate from a non target (grade = 1st) however I'm planning to apply for a Finance masters at a target to boost my chances of breaking into IB. During my studies I'll be applying to summer/off-cycle internship. Given my financial services experience + a masters from a target uni, what are my chances? Your help will be greatly appreciated :smile:
Hi all!

New here.

So I ended screwing up my A-Levels and getting into university through clearing. Fortunately, I did graduate with a 2:1 in International Relations though not from a high ranked university. However, I have gained great experience within Parliament working with a Shadow Minister and I have interned as a Human Rights/International Development Researcher.

Now 23, I have now found myself in local government, starting of as an intern and now promoted as a Policy Officer before I have even completed my internship. I will also be studying for my Masters in Public Policy either at UCL or Kings later this year part-time.

Over the last few months I have really been interested in working within the private sector, though I am at an immediate disadvantage as all my experience is in the public sector.

PwC has really caught my eye, specifically Public Services consulting. Considering they have recently removed the UCAS specifications from some of their graduate opportunities, does anyone think I have an actual chance with getting to work in a company like this?

Is there anything I can do to make myself more appealing to companies such as PwC?

Thanks!
How important are A level grades when it comes to investment banking? Say you don't meet the A level requirements, will the banks disregard your entire application?

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Original post by Toni_92
Hi all!

New here.

So I ended screwing up my A-Levels and getting into university through clearing. Fortunately, I did graduate with a 2:1 in International Relations though not from a high ranked university. However, I have gained great experience within Parliament working with a Shadow Minister and I have interned as a Human Rights/International Development Researcher.

Now 23, I have now found myself in local government, starting of as an intern and now promoted as a Policy Officer before I have even completed my internship. I will also be studying for my Masters in Public Policy either at UCL or Kings later this year part-time.

Over the last few months I have really been interested in working within the private sector, though I am at an immediate disadvantage as all my experience is in the public sector.

PwC has really caught my eye, specifically Public Services consulting. Considering they have recently removed the UCAS specifications from some of their graduate opportunities, does anyone think I have an actual chance with getting to work in a company like this?

Is there anything I can do to make myself more appealing to companies such as PwC?

Thanks!

pwc removed ucas tariff from most, not all. looked on their site today and i think consulting and acturial schemes still require ucas points? double check just to be sure

as for pwc appeal, google pwc professional, and understand what each competency entails and your own examples of each :smile:
Original post by M_xxx113
How important are A level grades when it comes to investment banking? Say you don't meet the A level requirements, will the banks disregard your entire application?

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For the most part, yes. You could bypass it by knowing an MD who can put in a good word for you.

That said, if you are an absolute rockstar in your other areas on your CV, Goldman Sachs and Morgan Stanley would still consider you as they don't explicitly state UCAS requirements.

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There's loads of information about banking and investment banking internships on this page, so it's definitely worth checking out.
Original post by Mrvoodoo
Hi all,

Im relatively new here and I've been reading the posts on this website concerning University of Manchester (The Uni im currently studying at) and its link with investment banking. The opinion here that i've ascertained is that its a neither here nor there when it comes to UoM being a target university. That being said, I would like advice of my prospects, as an international student, of getting a penultimate year internship or even a graduate internship which I could convert into a full-time offer at an investment bank.

Background Info:Im currently going into my second year at UoM's Business school with a Bsc in Management, specialising in Accounting and Finance, I finished the year with a First and would like to replicate my results for the second and third year. Work experience wise, I've spent two years in the Military (I was an officer) and after that I worked in Citibanks private wealth management department for 4 months as an intern. This summer I am currently a Summer Analyst at a Private equity firm which is rather reknown (name with-held as I'm
Currently working there but it is one of the top 10).

Do I stand a shot at competing with other higher tier Uni's such as Oxford, LSE, Warwick etc? Will I be able to secure a penultimate internship with the available experience? What are my prospects for a full time offer from a bulge bracket firm if I were to do a penultimate year internship in IB?If anyone here could give me advice, it would be greatly appreciated.


Hi how did you land the PE internship and how did you find the experience?


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Hi guys (pardon me for butting in!), but I see some of you are interested in IB and finance and wanted to share an opportunity with you:


Futures In Finance Conference 2015

The University of Southampton will be hosting the third Futures in Finance Conference (FIFC) over the weekend of the 17th and 18th October 2015. Students from top universities across the world shall be given the opportunity to attend a unique 2-day interactive finance conference, aimed at those aspiring to be professionals in the financial industry. The FIFC will address the key issues that candidates face, with support from companies such as JP Morgan, Grant Thornton and many more. The event is organised to provide information on different career options, spring week and summer internship procedures as well as offering endless skills and opportunities for the future.
During the weekend, there will be a number of sessions spanning from trading simulations, case studies and mock assessment centres, aiming to build commercial awareness whilst improving skills for job applications.

Registration for the conference is now open on our website http://www.soton-fifc.co.uk/#!apply/cgob Places are filling up fast so register now!

For more information, please visit http://www.soton-fifc.co.uk or reach out to us at https://www.facebook.com/FuturesInFinance or https://twitter.com/Soton_FIFC
Hi,

I have just finished my first year at the University of Nottingham and got a high 2.1 in Economics with 1st in my maths and statistics modules. I got A*AA at A-level and a pretty good GCSE (mainly A*s/As, couple of Bs).

I am looking to do an internship next summer at an asset management company or at an IB in Capital Markets.

My worry is my CV/work experience. I didn't get a spring week (I only applied to 2-3 as I wanted to focus on my degree). However, I understand the industry quite well now for a someone who has never worked in the industry (well compared to my classmates who know literally nothing but still wanting to go into Finance).

I've been developing a trading algorithm with my brother (I've been doing the investment side, him the computer programming side), attended webinars at a prop trading company last year and started trading on IG. Outside of IB/trading, I write articles in the Uni paper (I recently interviewed the leader of the Lib Dems).

Do you think my chances are quite good, or pretty bad since I have no IB experience? I aim to apply to around 20 companies.
Original post by james.proctor
Hi,

I have just finished my first year at the University of Nottingham and got a high 2.1 in Economics with 1st in my maths and statistics modules. I got A*AA at A-level and a pretty good GCSE (mainly A*s/As, couple of Bs).

I am looking to do an internship next summer at an asset management company or at an IB in Capital Markets.

My worry is my CV/work experience. I didn't get a spring week (I only applied to 2-3 as I wanted to focus on my degree). However, I understand the industry quite well now for a someone who has never worked in the industry (well compared to my classmates who know literally nothing but still wanting to go into Finance).

I've been developing a trading algorithm with my brother (I've been doing the investment side, him the computer programming side), attended webinars at a prop trading company last year and started trading on IG. Outside of IB/trading, I write articles in the Uni paper (I recently interviewed the leader of the Lib Dems).

Do you think my chances are quite good, or pretty bad since I have no IB experience? I aim to apply to around 20 companies.


If you really emphasise and flesh out the trading algo and your portfolio you should be fine. Your academics tick the box.

Maybe try to get involved with the Econ and Finance soc when you go back to uni.

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Original post by Princepieman
If you really emphasise and flesh out the trading algo and your portfolio you should be fine. Your academics tick the box.

Maybe try to get involved with the Econ and Finance soc when you go back to uni.

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I'm studying abroad in Montreal this September until December, otherwise I would have definitely ran for some treasurer positions/joined an equity fund. Do you think study abroad will help much with my application, or would it be overlooked/negligible?

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