Finance &amp; Consulting - Sixth Form FAQ:

Original post by DarkEnergy

"just remember as an aspiring financier you’ll be working in London after uni anyway"
Apologies if this is a stupid question, but are all finance jobs really in London? I thought there would be some in other fairly large cities like Newcastle, Bristol, and Manchester?

Pretty much all front office finance roles are in London. It is far far better to get a job in London- the financial industry is very much concentrated purely in London.

Reply 84

OP

Original post by DarkEnergy

"just remember as an aspiring financier you’ll be working in London after uni anyway"
Apologies if this is a stupid question, but are all finance jobs really in London? I thought there would be some in other fairly large cities like Newcastle, Bristol, and Manchester?

All 'high finance' or 'financial services' (i-banking, trading, asset management, ultra high net worth private banking, private equity etc) jobs are concentrated in London. Unless you mean accounting/in-house finance, in which case they're everywhere - but this forum isn't really about those jobs (there's the finance and accountancy one instead).

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Reply 85

Original post by ImGoingToFail12

For what? A starting position?

How about you do your own research instead of bombarding people with questions?

Reply 86

OP

Original post by ImGoingToFail12

Because I keep seeing everyone on here say that I probably won't be able to get into IB as it is not a target. semi-target or Russell Group despite it being 4 on the Guardian League Table and 11th on the Complete University Guide. If it won't allow me to get into IB what's the point?

Thanks for the advice mate.

Ranking has nothing to do with how many banks recruit from the university.

Only reason I'm saying this now, is to make your life easier. No one's saying you'll never get in from a non-target, no, it's just harder - which you have the opportunity to circumvent now rather than later.

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(edited 7 years ago)

Reply 87

DarkEnergy

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Original post by Princepieman

(..)

Original post by Trapz99

(..)

Thanks!

Reply 88

ImGoingToFail12

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Original post by Trapz99

How about you do your own research instead of bombarding people with questions?

Funnily enough, this is a FAQ thread.

Reply 89

ImGoingToFail12

8

Original post by Princepieman

Ranking has nothing to do with how many banks recruit from the university.

Only reason I'm saying this now, is to make your life easier. No one's saying you'll never get in from a non-target, no, it's just harder - which you have the opportunity to circumvent now rather than later.

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Thanks mate.

Reply 90

Original post by ImGoingToFail12

Funnily enough, this is a FAQ thread.

Yeah so it's a thread where the OP has already addressed the frequently asked questions on the original post.

Reply 91

RunningBack34

4

Original post by DarkEnergy

"just remember as an aspiring financier you’ll be working in London after uni anyway"
Apologies if this is a stupid question, but are all finance jobs really in London? I thought there would be some in other fairly large cities like Newcastle, Bristol, and Manchester?

If you're interested in Asset Management it mau be worth looking at Edinburgh as well as London as there are quite a few FO grad roles available up there.

Reply 92

OP

Original post by RunningBack34

If you're interested in Asset Management it mau be worth looking at Edinburgh as well as London as there are quite a few FO grad roles available up there.

This is true, Aberdeen AM has a decently sized office here in Aberdeen too.

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Reply 93

DarkEnergy

20

Original post by RunningBack34

If you're interested in Asset Management it mau be worth looking at Edinburgh as well as London as there are quite a few FO grad roles available up there.

Cheers, was considering study at Edinburgh uni anyways so it'd be nice to stay in the same city.

Reply 94

natninja

Original post by Trapz99

Lol I'm a sixth former. But I probably only would have been able to say "exotic options" and "structured rates". I just know that those desks are more complicated and quantitative than vanilla desks. I'm not an expert haha

Watch 'The Big Short' for an entertaining crash course in credit default swaps, asset backed securities and collateral debt obligations

Reply 95

Original post by natninja

Watch 'The Big Short' for an entertaining crash course in credit default swaps, asset backed securities and collateral debt obligations

I will watch it one day, I've been told it's really good, but I just don't have much time on my hands aha

Reply 96

natninja

Original post by Princepieman

Lol, how are you going to be pigeonholed to IBD?

It's fine man, literally what I have written is the case - outside of quantitative finance positions your degree subject is pretty much moot.

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Only pretty much though, in my experience (and the experience of people in my year group - target uni), people doing quant subjects had to prove they weren't geeks for IBD roles much more so than humanities/arts students....

Reply 97

OP

Original post by natninja

Only pretty much though, in my experience (and the experience of people in my year group - target uni), people doing quant subjects had to prove they weren't geeks for IBD roles much more so than humanities/arts students....

That's expected, but they still got the interviews.

Same with someone studying music who gets an interview but has to prove their interest in finance.

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Reply 98

AdeptDz

Original post by Trapz99

Don't apply to LSE. You won't get in unless you're really amazing in some other way.

Were you saying this in general? Or just for this case

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Reply 99

natninja