So is spread like profits? and who earns it, the market maker?
A spread arises naturally, think about it. The bid I see is always going to be lower than the offer I see, unless backwardation happens, but that's futures.
Its tough to get the top IB schemes outside of LSE and Cam. Also its very difficult to transfer from accountancy to IB. Don't look at accountancy because its the most boring line of work with mediocre pay init.
Its tough to get the top IB schemes outside of LSE and Cam. Also its very difficult to transfer from accountancy to IB. Don't look at accountancy because its the most boring line of work with mediocre pay init.
Accountancy is a good way into equity research and some other areas that want you to be ACA qualified.
But yeah, looks pretty dull. It is my aim to train myself up in some of it though.
Its tough to get the top IB schemes outside of LSE and Cam. Also its very difficult to transfer from accountancy to IB. Don't look at accountancy because its the most boring line of work with mediocre pay init.
This is false.
Target universities are as such: Oxford, Cambridge, LSE, UCL, Warwick and Imperial. Doesn't matter which one of these you go to, the banks all recruit uniformly across them. If you actually looked at the numbers, you'd see that Warwick/LSE outpace Oxbridge for new grads. Even outside of this group, banks still recruit from semi targets: Bristol, Nottingham, Durham, Cass and Bath; with the rest being mostly decent RG unis.
It is patently false information to say you have to go to Cam or LSE to have a chance.
It's also not that hard to transfer. Big4 Audit > Big4 CorpFin > IB/Private Equity happens all the time.
You clearly don't really know what you're on about.
i've been in there tower hill office for a summer internship and haven't met anyone without a degree in their FO divisions
They have one of the biggest initiatives in hiring school leavers. Google soc gen school leavers. I haven't done an online search but I have applied to such jobs a few years ago. In I think Switzerland they have an actual apprenticeship program. I also gave a contact there my cv a few years ago and he was fully aware I had no degree yet still considered me for a role working for him.
They have one of the biggest initiatives in hiring school leavers. Google soc gen school leavers. I haven't done an online search but I have applied to such jobs a few years ago. In I think Switzerland they have an actual apprenticeship program. I also gave a contact there my cv a few years ago and he was fully aware I had no degree yet still considered me for a role working for him.
Target universities are as such: Oxford, Cambridge, LSE, UCL, Warwick and Imperial. Doesn't matter which one of these you go to, the banks all recruit uniformly across them. If you actually looked at the numbers, you'd see that Warwick/LSE outpace Oxbridge for new grads. Even outside of this group, banks still recruit from semi targets: Bristol, Nottingham, Durham, Cass and Bath; with the rest being mostly decent RG unis.
It is patently false information to say you have to go to Cam or LSE to have a chance.
It's also not that hard to transfer. Big4 Audit > Big4 CorpFin > IB/Private Equity happens all the time.
You clearly don't really know what you're on about.
Would Mechanical Engineering be a good degree to do?
You say that and don't even try to qualify. I know tonnes of investment bankers
Are we talking receptionist at an IB or FO positions as an investment banker because you would have to be pretty clueless to believe that an apprenticeship is a better route to FO IB than a degree at a top uni.
Are we talking receptionist at an IB or FO positions as an investment banker because you would have to be pretty clueless to believe that an apprenticeship is a better route to FO IB than a degree at a top uni.
Dudee, my dad is an investment banker, he works in risk and control, and has done for 30 years, he doesn't have a single degre or diploma, in fact, none of his department do!
Dudee, my dad is an investment banker, he works in risk and control, and has done for 30 years, he doesn't have a single degre or diploma, in fact, none of his department do!
and from that you have concluded that doing an apprenticeship will give you a better chance to break into IB than a degree??