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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 Samendra
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.


There's 32 universities on that list.

What you also need to know is the number of universities that provided applicants. And indeed the number of applicants from those universities.

If only 1 applicant from Reading applied then they have a 100% hit rate. Probably better than Oxbridge...

Correlation =/= causation.

You need the context, not just the outcome.
Original post by J-SP
This is your argument not mine, if you could substantiate what you were saying without changing definitions every post to try and fit an argument (and failing) I might take you seriously.

But I know the evidence is not there, so why would I go and try and find something that doesn’t exist.

And again, it is accepted in certain circles that at the top end of the IB and Consulting professions your university may have an effect, but it isn’t a determinant.


changing definitions? i havent changed it once, not top end IB, all of IB and ofc it isnt the be all and end all but it gets you a foot in the door. Also going in to a discussion with your mind already made up is the definition of ignorance, you provide me evidence of goldman or DB not taking in 60% from the 'top 6' and ill agree there isnt a bias
Original post by Doonesbury
There's 32 universities on that list.

What you also need to know is the number of universities that provided applicants. And indeed the number of applicants from those universities.

If only 1 applicant from Reading applied then they have a 100% hit rate. Probably better than Oxbridge...

Correlation =/= causation.

You need the context, not just the outcome.

Ofc agree 100%, but the reason more people apply is that BB firms advertise more on 'target' campuses which means more people apply therefore your university is a precedent to no. ppl applying
Original post by GovernmentEarner
I agree with this. With banking/law (specifically IB's and Barristers) often Oxbridge 2.1 graduates are taken over all others with 1st class degrees.


False.

In two BB's they won't even know your university unless you tell them. Just course and degree (prediction).
Original post by Samendra
changing definitions? i havent changed it once, not top end IB, all of IB and ofc it isnt the be all and end all but it gets you a foot in the door. Also going in to a discussion with your mind already made up is the definition of ignorance, you provide me evidence of goldman or DB not taking in 60% from the 'top 6' and ill agree there isnt a bias


And did the "top 6" provide 60% of the applicants? In which case it proves nothing...
Original post by Bart12345
False.

In two BB's they won't even know your university unless you tell them. Just course and degree (prediction).


your uni is on your cv?...
Original post by Doonesbury
And did the "top 6" provide 60% of the applicants? In which case it proves nothing...

you arent understanding banks target unis which may lead to more apps and more quality apps due to the support they provide, im not sure of then no. applicants tho if a bank as 2000 apps for 20-30 places i would place around 600-700 of those apps from 'top 6'
I take that view that pretty much everyone paying £9k a year is wasting their money unless they're studying a subject they absolutely love. If you just want a degree for career prospects, there are cheaper options.
Original post by GovernmentEarner
your uni is on your cv?...


They don't accept CVs - you apply via their application form. They may well ask for the university but that's only for internal reporting purposes to track the effectiveness of the policy.

Clifford Chance do this. Deloitte also. It's becoming increasingly common.

https://www.fastcompany.com/3057631/how-blind-recruitment-works-and-why-you-should-consider
Original post by GovernmentEarner
your uni is on your cv?...


Optionally.

One summer intern at my uni did not mention it on her CV, to my surprise. Could have lied? Possibly, but I doubt it. I do know that careers services at a neighbouring non-Russell university recommend not putting it in.

So it's entirely possible and reasonable to go through the process without mentioning where you're studying. Plus space in a one page CV is pretty valuable for that anyway.

Whether its for all banks I don't know. For the one I'm thinking of, it's fine. Or she's an exceptional exception.
Original post by Rinsed
Worth saying, I never got the impression going to Oxford was sufficient. I don't think I was particularly well-prepared for that interview, so looking back I'm not surprised I didn't get it. Especially given I do think the competition mostly had a similar educational background.

That was actually my first interview for an internship, so I sharpened up my act afterwards. :wink:


That's the key point :smile:
Original post by J-SP
Is that post supposed to be hypocritical?

I am not closed minded. I’ll happily change my mind if you prove what you have said.

And yes you have regularly changed from law, IB and consulting, to then just consulting, to then strategy consulting, to then MBB consulting, and when all of those failed, moved to IB.

I’ll say it again, it’s not my point to prove, it is yours.

lmao i provided you with stats, also i didnt switch i use them interchangeably as they are all as competitive and similar biases follow
Original post by J-SP
Where did you get that figure from?

For a law firm I worked for, it was nearly 25% of applicants from Oxbridge alone.

And that was after targeting over 30 universities.


Sure, I even said it was a guess as the econ classes, where most of the applicants come from, are approx 150 in size except imp where it doenst exist but not all will be interested/know bout IB so 120*5 + say 50 to 60 in imp where most go for engineering/silicon valley firms
Original post by J-SP
At least you now admit your did inter-change them.

You provided me with a post on here which didn’t prove your argument. You need to try harder if you want to be taken seriously.

And again, please prove your point and we might take you seriously. Just stating these things over and over again doesn’t make you any more correct each time you post them.

I never was trying to hide that i was interchanging them, im not trying to prove anything to you, if you want go and search it up otherwise why would i care what you chose to belive
Original post by J-SP
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lel, i didnt change definitions, i merely uses a synonym
Original post by Rinsed
Well, yes. But you seem to be suggesting university is irrelevant, rather than just insufficient, which is an obvious falsehood.

I would also like to point out that at the likes of Deloitte applications are only university-blind in the early stages. From my understanding it's likely to come up in the interview.


No i'm not saying it's irrelevant - and neither did that chart. It's just, for most roles in most companies, by no means the most important thing.

Deloitte: https://www2.deloitte.com/uk/en/pages/press-releases/articles/largest-british-business-to-adopt-contextualised-recruitment.html

The introduction of school and university-blind interviews to help prevent unconscious bias and ensure that job offers are made on the basis of present potential, not past personal circumstance. Interviewers no longer have access to details of an applicant’s school or university until an offer has been made;"

(edited 6 years ago)
Reply 158
Original post by humanteaparty
Universities specialise in different subjects.

Comparing universities as a whole is utterly meaningless.


Could not agree more, tables scoring universities over all subject areas are really crude measures.

If one took the ten strongest subjects for each university (not the same subjects just each particular university's high scoring ones) and then compared the average score re this measure the only thing I would be confident about is Oxford and Cambridge would likely still be 1,2 or 2,1, other than that places 3 downward would be nothing like current tables.

At times it is like comparing the student who sat three A levels and got AAB with one who sat 8 A levels and got AAAABBCC, on average the first is stronger, actually the second is the stronger student if judged on their best three results.
Original post by DJKL
Could not agree more, tables scoring universities over all subject areas are really crude measures.

If one took the ten strongest subjects for each university (not the same subjects just each particular university's high scoring ones) and then compared the average score re this measure the only thing I would be confident about is Oxford and Cambridge would likely still be 1,2 or 2,1, other than that places 3 downward would be nothing like current tables.

At times it is like comparing the student who sat three A levels and got AAB with one who sat 8 A levels and got AAAABBCC, on average the first is stronger, actually the second is the stronger student if judged on their best three results.


The Times Good University Guide has that (sort of) - it has a list of universities ranked according to the number of top positions they have across 67 subjects.

1. Cambridge (top in 30 subjects)

2. Oxford (5 subjects)

3= Edinburgh (3 subjects)
3= Glasgow
3= Loughborough
3= St Andrews
3= Strathclyde

8= Bath (2 subjects)
8= Birmingham
8= Durham
8= Imperial College London

12= Bangor (1 subject)
12= Bristol
12= Exeter
12= Lancaster
12= London School of Economics (not for Economics...)
12= Newcastle
12= Nottingham
12= Robert Gordon
12= Sheffield
12= Surrey
12= Sussex
12= Warwick
(edited 6 years ago)

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