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Your degree and your career aspirations - how do they match up? watch

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    Degree- English and Creative writing
    Job of interest- Editor
    Salary- £26k
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    (Original post by evalilyXOX)
    Degree: Law
    Jobs/Careers of Interest: Medical Law (Defence)
    Graduate Salary Expected: eHow.co.uk suggests that the average salary is £118,059, but newly qualified solicitors are expected to start on £20-30k.
    Seems way too low for a newly qualified..

    Most city (London based) firms are paying in the region of £55-75k on qualification (US firms pay more but they don't do your specialisation of interest, I don't think). Provincial firms are more £30-40k on qualification.

    The average seems a tad high, I don't think many places outside of London will shell that much out to regular solicitors (i.e. non-partners), but then again it would be achievable 5+ years PQE at a decent firm in London.


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    I'm hoping to start a degree in BA Journalism, Media & Sociology in September. No idea what job I want but possibly Politics, Journalism or sociological research
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    (Original post by Princepieman)
    - Learning curve
    - Solid formal and on-the-job training
    - Interesting and challenging work environment
    - Fast paced, varied work
    - Working on deals that will shape the business landscape alongside the executives of large scale companies
    - Solid network of smart, high potential co-workers
    - The upward trajectory is very fast (if you stay)
    - Tonnes of responsibility
    - Build a core set of both hard (modelling, analysis etc) and soft (communication, work ethic etc) skills
    - Exit opportunities to other jobs
    - Pay
    - Prestige
    - etc..
    Bearing this in mind for the GS "Why IBD?" interview question bro^
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    (Original post by Metrododo)
    Bearing this in mind for the GS "Why IBD?" interview question bro^
    LOOOOL no probs man. Inb4 they fast-track you to partner for such a perfect response.
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    (Original post by Princepieman)
    LOOOOL no probs man. Inb4 they fast-track you to partner for such a perfect response.
    Ofc, with the 500k welcome bonus :scrooge:
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    (Original post by Princepieman)
    Because then you'd realise most bankers are pretty normal people, not 'robots' as you so aptly put it.

    Are you one of those news hipsters who's convinced all mainstream media is conspiracy?

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    Hipster? No, I'm not 12. I'm just not a sheep. Are you trying to tell me that bankers aren't in it for the money? What are they doing then, cause they sure ain't saving kids with cancer...
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    (Original post by BizzStrut)
    For 15 years. Then they're out of the system. And everybody else is still slaving a 9-5 for another 30.
    'Everybody else?'. Not all of us are doing jobs purely for the salary - some of us chose vocations that make a difference to peoples lives.
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    (Original post by KatieBlogger)
    Hipster? No, I'm not 12. I'm just not a sheep. Are you trying to tell me that bankers aren't in it for the money? What are they doing then, cause they sure ain't saving kids with cancer...
    Yeah, cuz everyone working in the UK is going to save kids from cancer..

    What they do is provide a service, they help allocate capital to the organisations (gov, corporations, non-profits etc) that need it. They also act as intermediaries, advising on how best to buy or sell other entities. Traders/salespeople provide liquidity to the market - for example your pension, which is invested into the public markets by pension funds, would be at risk from said funds being unable to come in or exit transactions as easily in the public markets. Leaving significant risk exposure to price movements, a.k.a you losing a chunk of your pension.

    A lot of this stuff is pretty damn large scale, and without it, the glue that smoothens out how capital is allocated would disappear leaving chaos behind. People don't understand this yet pass it off as 'evil' because that's the easier route to take.

    No one would survive in the city if they're only motivation was 'money'. The money is the side effect of the career, not the reason for sticking through it for so long.
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    (Hopeful) Degree: MechEng
    Jobs/Careers of Interest: Formula one aerodynamicist/ race engineer
    Graduate Salary Expected: 40-45k, maybe as high as 50k
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    (Original post by Princepieman)
    Yeah, cuz everyone working in the UK is going to save kids from cancer..

    What they do is provide a service, they help allocate capital to the organisations (gov, corporations, non-profits etc) that need it. They also act as intermediaries, advising on how best to buy or sell other entities. Traders/salespeople provide liquidity to the market - for example your pension, which is invested into the public markets by pension funds, would be at risk from said funds being unable to come in or exit transactions as easily in the public markets. Leaving significant risk exposure to price movements, a.k.a you losing a chunk of your pension.

    A lot of this stuff is pretty damn large scale, and without it, the glue that smoothens out how capital is allocated would disappear leaving chaos behind. People don't understand this yet pass it off as 'evil' because that's the easier route to take.

    No one would survive in the city if they're only motivation was 'money'. The money is the side effect of the career, not the reason for sticking through it for so long.
    All I read was "concepts totally removed from workers humanity", "I think the things these workers are doing are massively important even though it's just stuff we've made up which wouldn't mean a thing if we were hit with a nuclear bomb tomorrow. Who would you want whilst the world was burning? A really ''important'' banker or a medically trained individual?

    Banking is devoid of humanity, nature, compassion etc and it would have zero meaning if we stripped it of it's meaning whereas other professions have inherent meaning...but yeah, banking is really important to make the earth spin on it's axis. I'd say the same thing about working in Tesco. It's all the same to me.

    Take it all away - what matters? What would need to be done and be worth doing regardless of monetary systems? Helping people, helping animals, helping the environment...or banking? Being a nurse or carer, protecting endangered animals, replanting forests etc is important - not playing around with numbers which mean nothing without the meaning we've placed on them.

    I haven't said banking is evil I've just said people do it for the money - I'm not wrong. People don't think ''I want to be a banker in London'' in order to make a difference to the world - they do it for money.
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    (Original post by Princepieman)
    Yeah, cuz everyone working in the UK is going to save kids from cancer..

    What they do is provide a service, they help allocate capital to the organisations (gov, corporations, non-profits etc) that need it. They also act as intermediaries, advising on how best to buy or sell other entities. Traders/salespeople provide liquidity to the market - for example your pension, which is invested into the public markets by pension funds, would be at risk from said funds being unable to come in or exit transactions as easily in the public markets. Leaving significant risk exposure to price movements, a.k.a you losing a chunk of your pension.

    A lot of this stuff is pretty damn large scale, and without it, the glue that smoothens out how capital is allocated would disappear leaving chaos behind. People don't understand this yet pass it off as 'evil' because that's the easier route to take.

    No one would survive in the city if they're only motivation was 'money'. The money is the side effect of the career, not the reason for sticking through it for so long.

    This is partly why I think IBs are completely useless. Probably cheaper to have an integrated analyst department in your business/gov.

    It would make sense for a small business to outsource this department to an IB, but not large corporations that do business with IBs.

    Maybe I'm missing something, or it's in the interests of many to keep this layer of inefficiency alive.
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    Degree: Pharmacy
    Jobs/Careers of Interest: Dentist (hopefully to do a postgrade after pharmacy)
    Graduate Salary Expected: 23k (as a pharmacist)
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    Maths.

    Algo Trading

    £1.5 mil
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    (Original post by KatieBlogger)
    All I read was "concepts totally removed from workers humanity", "I think the things these workers are doing are massively important even though it's just stuff we've made up which wouldn't mean a thing if we were hit with a nuclear bomb tomorrow. Who would you want whilst the world was burning? A really ''important'' banker or a medically trained individual?

    Banking is devoid of humanity, nature, compassion etc and it would have zero meaning if we stripped it of it's meaning whereas other professions have inherent meaning...but yeah, banking is really important to make the earth spin on it's axis. I'd say the same thing about working in Tesco. It's all the same to me.

    Take it all away - what matters? What would need to be done and be worth doing regardless of monetary systems? Helping people, helping animals, helping the environment...or banking? Being a nurse or carer, protecting endangered animals, replanting forests etc is important - not playing around with numbers which mean nothing without the meaning we've placed on them.

    I haven't said banking is evil I've just said people do it for the money - I'm not wrong. People don't think ''I want to be a banker in London'' in order to make a difference to the world - they do it for money.
    Have you heard of effective altruism? The financial services industry and bankers by extension pay insane levels of tax into this country and the bankers I happen to know all contribute a portion of their earnings to charitiable organisations and causes, every year.

    It's all nice and good to have this 'let's help everyone directly, we're all in this together, let us live among nature and be one with 'humanity' view on life but in practical terms we've evolved from that.. Inherent meaning doesn't count for much in a capitalistic economy - but value on the other hand, propped by what the markets (a.k.a humans) are willing to pay for services or goods, is how we appropriate things nowadays.

    You sound like you just don't care for modern day society. Would you be able to type on the device you're using if some entrepreneur didn't see a gap in the market to exploit? Would you even be able to use TSR if not for the formation of the underlying company that makes all of this happen? I've just never understood how people can dismiss the reality we live in to embrace the history we have left behind.

    Regardless all of these value judgements are subjective. To you, it might be important if everyone in the world was a nurse, doctor or what have you but to me that seems like a colossal waste of resources with no practicality behind it whatsoever.
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    (Original post by DrownedDeity)
    This is partly why I think IBs are completely useless. Probably cheaper to have an integrated analyst department in your business/gov.

    It would make sense for a small business to outsource this department to an IB, but not large corporations that do business with IBs.

    Maybe I'm missing something, or it's in the interests of many to keep this layer of inefficiency alive.
    You forget that capital raising and advisory services are inherently meant to be impartial. There could massive conflicts of interest if it was done completely in-house.
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    (Original post by Jbaby98)
    Degree: : Chemical engineering
    Jobs/Careers of Interest: Lots.Offshore engineering or oil finance type stuff if oil prices come out of the *****er. Otherwise, finance/banking/ professional dota 2/football player/teacher/truck driver/stripper/ Game of Thrones actor(only if they offer me the role of headless zombie ned stark)/modern artist/househusband/dictator
    Graduate Salary Expected:
    Banking - 50k+
    Offshore engineering - 45k+
    Other finance/engineering jobs - 25-35k
    Dota 2 player/footballer/modern artist - 1mil+
    teacher - 22k
    truck driver - no clue for a truck driver but it cant be bad cus this guy I know who drives trucks buys Ben and Jerry's so he must be rich
    stripper - everyone knows strippers make bank
    GoT actor - wont have any lines as a zombie so probably very little
    househusband - might buy and sell stuff on ebay so like 1k max
    dictator- depends on size of my future country
    Someone has a lot of interests..

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    (Original post by Princepieman)
    Someone has a lot of interests..

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    So many options m8, cant choose just one..
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    (Original post by Princepieman)
    Because then you'd realise most bankers are pretty normal people, not 'robots' as you so aptly put it.

    Are you one of those news hipsters who's convinced all mainstream media is conspiracy?

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    I've worked in IB and "money obsessed robots" covers nearly all of them pretty well.

    As for the bits about interesting work with intelligent co-workers: forget it. The work is incredibly dull and the co-workers nowhere near as smart as they think they are.
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    (Original post by CharlieGEM)
    I've worked in IB and "money obsessed robots" covers nearly all of them pretty well.

    As for the bits about interesting work with intelligent co-workers: forget it. The work is incredibly dull and the co-workers nowhere near as smart as they think they are.
    Not the first time I've heard this sentiment, but imo, most bankers I know are normal human beings..
 
 
 
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