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If you don't go to Oxbridge or a Russel group you've wasted over £30'000

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Original post by Doonesbury
Who? And how many grads do they hire per year?


they hire about 20 grads a year, I dont want to say their name, its a canadian pension fund with headquarters near Euston
Original post by J-SP
But it doesn’t even determine anything if you are interested in the vast majority of jobs in consulting/law and even IB. It might if you are interested in a very small number of jobs/companies within those professions


it actually does determine a lot, statistically, if you are interested in strat/management consulting or IB as i said before in MBB firms 60% are from oxbridge and in IB 70% are from top 6
Original post by Samendra
they hire about 20 grads a year, I dont want to say their name, its a canadian pension fund with headquarters near Euston


Oh go on.
Original post by liquidconfidence
I've heard a lot of people, especially teachers, slyly voice this opinion.

Usually in year 12 everyone swears that they're definitely going to a Russel Group or Oxbridge. Then the reality of mock exams hits home and most people end up going to London Met.

Is it true that you're doomed if you don't go to a prestigious institution and will people look down on you eek


Nope. There are hundreds of universities outside of the Russel Group, that aren't Oxbridge, that create thousands of graduates every year and a huge number will go onto further study or get a job in their chosen career without an issue. Few career choices specify a particular university. My degree will also cost £5k (which will basically be paid by the government anyway) so not too worried about that being a "waste", especially when I know it's not a waste at all. :P In my eyes, a degree is a degree (well, if it's accredited).
(edited 6 years ago)
Original post by J-SP
Maybe they get 70% of their applications from the top 6?

Thats the thing, they actively advertise on campus so more people end up applying, they provide CV reviews, Mock interviews/assessment centres,vid int tips for example Bain's spring week has requirements of AAB at alevel, not many people outisde top 6 have those grades
Original post by J-SP
FFS!

Strat consulting is not reflective of the whole profession. If you are going to be so selective, then put the word strategy in front of consulting when you post (although even then you wouldn’t be anywhere near accurate).

ofc it isnt, but it is by far the most competitive consulting niche
Even if you go to a more prestigious uni you’ve still wasted over £30k
Original post by J-SP
Who told you this? Does it say it on their website? Or is this just speculation based on a random rumour you have heard?

A friend works there, he spoke to HR and thats what they said
Original post by J-SP
Just because it is competitive, doesn’t make t any more important or influential. But even then you are still wildly inaccurate with your posts.


When people say MBB firms, they are the biggest, the most prestigious and pay the most. How am I inaccurate?
Original post by J-SP
Plenty of people outside of the top 6 have AAB. Interesting that there plenty of non “top 6” (whatever that means) at Bain.

bro you need to chill, there are plenty that wasnt the question, there is a selection bias if there are 60% from oxbridge ofc there is 40% from others
Original post by J-SP
And you need to stop coming out with over generalised statements and then claiming you mean a exceptionally specialist area.


You dont need to be a specialist, this is widely accepted just head over to the IB thread
Original post by Rinsed
(re-arranged by quoter)
"Very few". That's just an unsubstantiated claim which no one actually believes.
...
I say down in an interview for an internship and the first thing the interviewer said was 'Right, so I see you went to the right university...' (I didn't get it :frown:)


"Very few" relative to the hundreds of thousands of grads in professional employment.

Only proves they were looking for the right person for the job, not (necessarily) the "right university". You don't know if an interviewee who had not been to the "right university" got the position. Or applied.
Original post by J-SP
Wait...

Which one do you want to talk about here? Consulting or IB?

But even then the same applies to IB. There’s a lot of IB roles outside of the big names.

😴😴😴

IB or MBB Consulting, id say its worse is consulting. The smaller you go the worse it gets as they dont have time to get s full-fledged recruitment system so uni is a good differentiator
(edited 6 years ago)
Original post by J-SP
I must have been screening applications in the wrong way then for years....

Sure, depends on where you work and what their philosophy is
Original post by Samendra
A friend works there, he spoke to HR and thats what they said


One of the largest Canadian pension fund in London is expanding to a total of 40 staff (from 28). I doubt any Canadian pension manager would be hiring 20 fresh grads in one go. And certainly not "every year" (unless they have a major employee retention problem...).

http://uk.reuters.com/article/uk-canada-pensions-london-psp/canadian-pension-investment-manager-to-expand-london-operations-idUKKBN186009
Original post by J-SP
Indeed. That’s why people have to stop coming out with the cr*p statements that completely over generalise things 😉

I dont know what your problem is, have a look at the stats yourself
Original post by Doonesbury
One of the largest Canadian pension fund in London is expanding to a total of 40 staff (from 28). I doubt any Canadian pension manager would be hiring 20 fresh grads in one go. And certainly not "every year" (unless they have a major employee retention problem...).

http://uk.reuters.com/article/uk-canada-pensions-london-psp/canadian-pension-investment-manager-to-expand-london-operations-idUKKBN186009

I wasn't talking abot Reuters, its a firm creating a new office, hired 20 this year dont kmow about figures next year
Original post by J-SP
Feel free to provide these stats to prove yourself right


ok wait
https://www.thestudentroom.co.uk/showthread.php?t=4680576
Original post by Samendra
I wasn't talking abot Reuters, its a firm creating a new office, hired 20 this year dont kmow about figures next year


What... do you know what Reuters is?

You are planning on a career in IB and you don't know Reuters is a news service (specialising in financial news).... it's reporting on a pension fund, it's not the pension fund. The fund is PSP managing £70+ billion.

(@J-SP :rolleyes: )
(edited 6 years ago)
Original post by J-SP
Spring schemes are not graduate roles.

And this highlights the problem. You are talking about an exceptionally small proportion of jobs at the very high end of the market.

Where’s the consulting evidence?


I dont really follow consulting stats, im sure you can find them if you looked, spring weeks lead to summer internships which lead to grad offers, if you knew anything about IB you wouldnt have asked that, as I said and proved it is widely accepted in both IB and consulting that your uni has an effect.
(edited 6 years ago)

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