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What career do you intend to go into and why? Watch

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    (Original post by Abdul-Karim)
    That's great considering you're an A-levels student.

    How are you finding your time at BDO? I had an insight there in spring, what department will you be working with?
    Just saw all your post

    Not sure if you realise that IB is all about monitoring algorithms running the trade, they rarely do prop trade anymore.
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    (Original post by GnomeMage)
    Just saw all your post

    Not sure if you realise that IB is all about monitoring algorithms running the trade, they rarely do prop trade anymore.
    You won't be 'monitoring algorithms' at all (unless you're a quant), it's mostly agency trading that S&T divisions do now. Agency trading is placing trades for clients while taking commission from the bid-ask spread.

    Prop trading still exists but mostly at independent firms.
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    Interesting reading this thread and looking at all the different careers people want to do!

    Intended career: Absolutely no idea.

    Reasoning: I'm taking a non-professional degree and my academic interests do not lend themselves directly into many jobs (and the few jobs I could do with them are, for the most part, very low-paid and usually charity-based with little/no career progression). Otherwise, my option would be going into academia, which I think I would really enjoy, but I would have no way of funding extra qualifications in the near future.

    Steps: Work out what on earth I actually want/can do.
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    (Original post by AdamCee)
    I'd like to become a solicitor - international business would be nice (I think that's what it's called)

    How? Get some related work experience, make my PS look amazing, do A2 history English and German (or English maths and German. Not sure.) and get AAA or AAB (or perhaps ABB but ideally a little higher, I hope). Study law with German at uni, get a training contract, yay

    Why? After spending work experience with a solicitor I realised how interesting and high paid the job really is. I also want to work with languages and international business law, I believe, deals with many languages and gives an opportunity to move abroad
    International commercial, I know this seems pedantic, and it is, but no harm getting into the right lingo from the off.

    You can indeed work with languages quite a bit, I did with French, though it will depend on your area of practice. Actually moving abroad is slightly more complex, particularly to Europe and the US, though it is certainly doable and I know a few people who have done it.

    Also, there'll be loads of things you haven't even considered yet opened up by such a degree, how would you fancy working as a legal translator at the European Courts of Justice or as the excellent sounding 'scrivener notary'? (http://www.scrivener-notaries.org.uk/)
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    (Original post by Princepieman)
    You won't be 'monitoring algorithms' at all (unless you're a quant), it's mostly agency trading that S&T divisions do now. Agency trading is placing trades for clients while taking commission from the bid-ask spread.

    Prop trading still exists but mostly at independent firms.
    yea thats what i mean

    i was afraid that OP thinks IB is entirely prop trading.
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    (Original post by clonedmemories)
    Interesting reading this thread and looking at all the different careers people want to do!

    Intended career: Absolutely no idea.

    Reasoning: I'm taking a non-professional degree and my academic interests do not lend themselves directly into many jobs (and the few jobs I could do with them are, for the most part, very low-paid and usually charity-based with little/no career progression). Otherwise, my option would be going into academia, which I think I would really enjoy, but I would have no way of funding extra qualifications in the near future.

    Steps: Work out what on earth I actually want/can do.
    Teacher.

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    (Original post by GnomeMage)
    yea thats what i mean

    i was afraid that OP thinks IB is entirely prop trading.
    Fair enough.

    Although, I fail to see anything in his post that suggests that. In fact, in one of his other posts he mentioned the Dodd-Frank regulations so he must be pretty informed about the current situation.
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    (Original post by Abdul-Karim)
    If I'm not banned by then :lol:. If so, you'll have to hit me up on LinkedIn. I can be your liaison into the corporate environment.

    https://www.linkedin.com/pub/abdul-karim-ali/94/4b7/bab

    Making moves from day.
    Out of interest, what do you use LinkedIn for? It seems to be common amongst finance guys, including my mates, whereas most juniors lawyers don't use it, never mind students.

    In law it's mainly used to help win and maintain clients (along with absolutely shedloads of golf with CFOs and generally sounding confident), which is the partners' job, and I imagine in banking too junior anlysts aren't going to be bringing in FTSE clients unless they're either absolute gods or the offsping of a board member at European Widgets PLC.
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    (Original post by GnomeMage)
    Just saw all your post

    Not sure if you realise that IB is all about monitoring algorithms running the trade, they rarely do prop trade anymore.
    I'm very much aware that it's almost all working with negative portfolios but it's a route to hopefully being headhunted by a hedge fund.
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      (Original post by Abdul-Karim)
      I'm very much aware that it's almost all working with negative portfolios but it's a route to hopefully being headhunted by a hedge fund.
      Why don't you want to be a gang leader no more?
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      (Original post by Abdul-Karim)
      I'm very much aware that it's almost all working with negative portfolios but it's a route to hopefully being headhunted by a hedge fund.
      We have the same ambition
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      (Original post by Princepieman)
      Out of curiosity, what in the world does FOM stand for?

      Never heard that term before.
      Front office Management
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      What? Historian or museum curator. I would like to specialise in Pompeii and the Vesuvius region.

      Why? I've always found it extremely interesting. Since visiting two years ago, I've become borderline obsessed. Plus I just love history.

      How? Study ancient history at uni. Volunteer at museums if possible. Spend a summer in and around Pompeii and the archeological museum in Naples!


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      Career: Bollywood Actor
      Why? Because its fun, and I will get to meet Sonam Kapoor
      Steps: None, trying to get a six pack atm but the plans been flopping since exams started 4 months ago and now Ramadan






      ----

      If that fails then it looks like I will have to work as a Solicitor in a City firm till I get my Bollywood Break
      Steps Taken to become Lawyer: On LLB, Doing LLM, Got Training Contract Lined up at a City Firm
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      (Original post by Le Nombre)
      Out of interest, what do you use LinkedIn for? It seems to be common amongst finance guys, including my mates, whereas most juniors lawyers don't use it, never mind students.

      In law it's mainly used to help win and maintain clients (along with absolutely shedloads of golf with CFOs and generally sounding confident), which is the partners' job, and I imagine in banking too junior anlysts aren't going to be bringing in FTSE clients unless they're either absolute gods or the offsping of a board member at European Widgets PLC.
      Mainly to maintain contact with those I've managed to network with within the industry. Also keeping in contact with other interns/students to assist each other out in obtaining placements. There are very good general articles on LinkedIn which are interesting to read. Get other people's prospective regarding the financial markets/economics and such.

      (Original post by UnknownRoyalist)
      Why don't you want to be a gang leader no more?
      I have to firstly raise my capital, to be taken seriously in the dope game :lol:
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      (Original post by GnomeMage)
      We have the same ambition
      :rolleyes: I just haven't a clue how long the transition from IB to HF will take. I'm thinking quite possibly 10 years+. Depends on the situation at the time.
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      (Original post by ElChapo)
      Teacher.

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      I don't take a degree that would lead into teaching in itself, and I'd make a horrific teacher as it is.

      (There are a lot of reasons why it otherwise would appeal to me, but the thought of me actually going out there and doing it is difficult to imagine)
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      (Original post by rileystringer)
      I would like to be a teacher because, obviously, it's well-paid and you get great holidays. This means you can earn enough money to enjoy your life, but still have time! teachers work about 195/365 days a year so they get 170 days off. How great is that??? and still you start at £21,804 per annum minimum.

      but also I enjoy working with children, it's simple and interesting.
      Can I suggest that a little bit more research into the teaching profession wouldn't go amiss before making your final choice. Somehow I suspect that with your obviously limited knowledge you wouldn't even make it onto a course
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      (Original post by Le Nombre)
      International commercial, I know this seems pedantic, and it is, but no harm getting into the right lingo from the off.

      You can indeed work with languages quite a bit, I did with French, though it will depend on your area of practice. Actually moving abroad is slightly more complex, particularly to Europe and the US, though it is certainly doable and I know a few people who have done it.

      Also, there'll be loads of things you haven't even considered yet opened up by such a degree, how would you fancy working as a legal translator at the European Courts of Justice or as the excellent sounding 'scrivener notary'? (http://www.scrivener-notaries.org.uk/)
      "Please rate some other members before rating this member again." hmm first time I've logged on today. Why is it saying that...

      And ooohhh I've heard of such things but I haven't actually looked into them as such. Thanks very much for that

      Also, what do you mean that moving abroad is slightly more complex - is it because the legal systems are slightly different in other countries, ie more qualifications are needed?
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      (Original post by AdamCee)
      "Please rate some other members before rating this member again." hmm first time I've logged on today. Why is it saying that...

      And ooohhh I've heard of such things but I haven't actually looked into them as such. Thanks very much for that

      Also, what do you mean that moving abroad is slightly more complex - is it because the legal systems are slightly different in other countries, ie more qualifications are needed?
      Yes, and also that deals in those countries are usually done according the law of that country, whereas in place like the UAE, HK, KSA, Qatar etc. it is fairly common for an international deal to specify English law even if it has fairly limited connection to the UK. There are basically quite a few areas a UK qualified lawyer could comfortably practice in at an international firm in the Middle East and so on, there are fewer they could do the same in within Europe.

      There are areas where it's more common, eg. finance and arbitration, but not as many as with other parts of the world. Also, with the US (and Aus) it's quite difficult to just get the basic visa you need in order to work there.
     
     
     
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