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Official Investment Banking Spring Week 2015 Thread

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Reply 380

Mr Inquisitive

Original post by Alex-Torres

Do you think it's essential I sign up for graduatemonkey when I start uni in freshers?

Advisable/useful, not essential

Reply 381

Aenigma

Original post by Cutmeloose

Not sure how many banks would let you do the latter? You'd usually have to bend the truth to get into a summer class in Year 2 of a four year course. Students who do two summer stints usually do them at different banks. I've known people on four year courses, who've not been able to accept a full time offer because they have another year to run. The merits of doing a summer with a grad role lined up seems debatable.

It's quite common for people to do Year 1: SW, Year 2: SW + SA, Yr3: SA (your actual penultimate year)
Year 4: grad role.

Nevertheless, plenty of people on four year courses fare well in SW applications due to the extra year at university/experience.

I asked about masters on my spring weeks and was told that you're not able to defer your offer but you're welcome to reapply for SA (I can't see then rejecting someone they already have an offer?)

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Reply 382

Aenigma

Original post by Mr Inquisitive

The problem comes in that you'd have to accept both SW and SA roles by, say, March. The commitment is made prior to the internship. If you accept a SW offer in Y2, you accept that you're going to do a 4 year Master's; if you accept a SA offer in Y2, you accept that you're doing a 3 year degree. Even if you do change your mind at a later date, you've committed to two directly contrasting positions, which could get you in hot water if you're found out.

Hmmm true. Fair point

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Reply 383

Alex-Torres

Original post by Mr Inquisitive

Advisable/useful, not essential

I think I'll buy it, only £20! Do you know what package I'd need for ib related questions?

Reply 384

Mr Inquisitive

Original post by Alex-Torres

I think I'll buy it, only £20! Do you know what package I'd need for ib related questions?

That depends on your strengths. Most people I know find numerical/logical tests more trying

Reply 385

Selym95

Original post by Mr Inquisitive

I think having been through a similar enough experience (done year 1, transferred, now have 3 years left), I'd be cautious with the programmes you apply to. If you manage to get all of the BB SW programmes in Y1, get to Y2 and decide you want to do a Master's, you're going to be extremely limited in your options for Y2 (Spring Week wise). You'll automatically lose your ability to convert your offers into Summer Internships. You could always choose an alternative to boost your CV for Y2, in prep. for applying to Summer Internships to Y3, but it's a bit risky.

By getting all of the BB SWs, do you mean receive offers from all of them?

So, if you have applied to Bank X in first year, is it off the cards to re-apply to in 2nd year? Ignoring the whole SA fast track from 1st year SW scenario. Would the pure fact you applied to them already make your application redundant?

Reply 386

Cutmeloose

Original post by Selym95

Noone is getting all the 'BB SWs' unless they're confused about which banks make up that term.

You can re-apply to any bank. if you're on a four year course and do a SW at HSBC in first year, it doesn't make sense to do another SW there if you go down the route of applying for SWs in 1st/2nd year. The people who do a summer in the second year of a four year course will usually do it at a second tier bank, simply because they probably don't give a **** if they don't get a full time and are prepared to chance it.

Plenty of people will have stronger applications in their second year of their course and this will shine through in their applications.

(edited 9 years ago)

Reply 387

Mr Inquisitive

Original post by Selym95

No, poor phrasing, my bad. I mean if you were to do SW's with MS & GS in Y1 (assuming they're your two top choices) you'd effectively rule them out for Y2. If you have taken a SW with Bank X in first year, then it seems, logically, to be off the cards to re-apply to in Y2.

If you apply to Bank X and don't get/accept an offer in Y1, you're more than welcome to reapply in Y2 (explaining that you've now decided to take on a Master's degree).

I don't know if this is bound in law or anything, but it strikes me as pretty pointless to do the same SW two years in a row.

(edited 9 years ago)

Reply 388

WSL

Could someone please direct me to the official investment banking/consultancy thread for full-time graduate roles? I would have thought one exists somewhere on this site, but can't find one anywhere.

Reply 389

Georgeleeds

Is there a difference between the Bright Network morning and afternoon event in London?

Reply 390

Mr Inquisitive

Original post by Georgeleeds

Is there a difference between the Bright Network morning and afternoon event in London?

Morning events are more specialised and have fewer people in

Reply 391

Mr Inquisitive

Just got word that DB is open for applications

Reply 392

Georgeleeds

Ah morning bright network is closed now.
I am worried about my chances of securing a SW as i have no work experience with finance related firms, i only have personal experience in a family FX, investment, and development business. I got A*A*A*A at a level in maths, physics, economics, FM respectively and I will be studying Physics at warwick this september. What are my chances? is there anything else i can do now or is it too late (experience wise).

Thanks in advance

Reply 393

iCreptio

Original post by Georgeleeds

You're more than fine..

Reply 394

Georgeleeds

Original post by iCreptio

You're more than fine..

Oh great, so experience isn't too important at this stage.
Also when would you say is the best time to apply, CS and BR are open for applications now aren't they, so is it best to apply now or wait until after starting uni so i can list societies ask for advice etc. Or apply now to get in early?