** Official Investment Banking Spring Week 2017 Thread **

Announcements Posted on
How helpful is our apprenticeship zone? Have your say with our short survey 02-12-2016
    Offline

    2
    ReputationRep:
    (Original post by Princepieman)
    I really should, thanks for noticing

    Posted from TSR Mobile
    No problem btw what is the avg starting salary of a GS analyst pls hurry
    Offline

    3
    ReputationRep:
    (Original post by bobb99998)
    is lazard not only open to germans?
    Fidelity do they offer a spring week - I can;'t see it on their application platform?
    No, to everyone and it's in London. It opens in Nov

    http://www.fidelityrecruitment.com/u...t/spring-week/

    Posted from TSR Mobile
    Offline

    1
    ReputationRep:
    (Original post by ETbuymilkandeggs)
    No problem btw what is the avg starting salary of a GS analyst pls hurry
    50-60k base

    likely 70k total if you decent or your be fired if your not
    Offline

    3
    ReputationRep:
    (Original post by ETbuymilkandeggs)
    No problem btw what is the avg starting salary of a GS analyst pls hurry
    Depends on the division, if it's a front office one it would be at 'street' (i.e. what pretty much all banks are paying for front office), which is £50k base, bonus depends on your role, division performance, your performance and firm-wide performance. But is usually quite uniform for e.g. IBD.

    All-in comp ranged from £65 (usually at the banks that pay bonus out in winter, since it is for half a year) to £95k for first years in IBD (across all banks). S&T/Research was slightly less, no idea about AM/PWM.

    Back office (Ops, Tech, HR etc) would be around high 30s to low 40s.


    Posted from TSR Mobile
    Offline

    2
    ReputationRep:
    (Original post by Princepieman)
    Depends on the division, if it's a front office one it would be at 'street' (i.e. what pretty much all banks are paying for front office), which is £50k base, bonus depends on your role, division performance, your performance and firm-wide performance. But is usually quite uniform for e.g. IBD.

    Back office (Ops, Tech, HR etc) would be around high 30s to low 40s.


    Posted from TSR Mobile
    Haha, thanks a lot but I was trying to be sarcastic -- sorry for making you type that! xD
    Offline

    3
    ReputationRep:
    (Original post by ETbuymilkandeggs)
    Haha, thanks a lot but I was trying to be sarcastic -- sorry for making you type that! xD
    Looooooool fair.

    Posted from TSR Mobile
    Online

    3
    ReputationRep:
    (Original post by Princepieman)
    Looooooool fair.

    Posted from TSR Mobile
    Hey bro why is it called a spring week if its not always a week? Also whats an investment bank? What gcses do you need for IB?
    Offline

    3
    ReputationRep:
    (Original post by Gladiatorsword)
    Hey bro why is it called a spring week if its not always a week? Also whats an investment bank? What gcses do you need for IB?
    The answer to all of these is: 42

    Posted from TSR Mobile
    Offline

    3
    ReputationRep:
    (Original post by Princepieman)
    The answer to all of these is: 42

    Posted from TSR Mobile
    Do people actually get this reference, I never even heard of it until I saw a post on facebook or something a few weeks ago..
    I still don't understand why '42' is the answer to everything lol
    Offline

    3
    ReputationRep:
    (Original post by Princepieman)
    Depends on the division, if it's a front office one it would be at 'street' (i.e. what pretty much all banks are paying for front office), which is £50k base, bonus depends on your role, division performance, your performance and firm-wide performance. But is usually quite uniform for e.g. IBD.

    All-in comp ranged from £65 (usually at the banks that pay bonus out in winter, since it is for half a year) to £95k for first years in IBD (across all banks). S&T/Research was slightly less, no idea about AM/PWM.

    Back office (Ops, Tech, HR etc) would be around high 30s to low 40s.


    Posted from TSR Mobile
    How come S&T pays less than their IBD? Also, what are the hours like in a BB S&T/Research division usually?
    Offline

    3
    ReputationRep:
    (Original post by gwagon)
    How come S&T pays less than their IBD? Also, what are the hours like in a BB S&T/Research division usually?
    you don't get a p&l allowance until at least a couple years of being under the wing of other experienced traders and sales people don't get their own sales books of business until the same thing (but with salespeople not traders). naturally in that time, you're not being as immediately valuable. after they get their various books of business and P&L allowances it's all down to performance.

    50-70 hours, 50-60 for most desks and 60-70 for more complex desks.

    Research is ~60-70 as well.

    Posted from TSR Mobile
    Offline

    0
    ReputationRep:
    Just a tip I'm finding useful for everyone, make a spreadsheet for all the SW's you've applied for with how the application process is going, closing dates, tests you have to complete etc. I personally find it useful rather than trawling through my emails with all these Facebook notifs from fresher groups
    Offline

    3
    ReputationRep:
    (Original post by nitin985)
    Just a tip I'm finding useful for everyone, make a spreadsheet for all the SW's you've applied for with how the application process is going, closing dates, tests you have to complete etc. I personally find it useful rather than trawling through my emails with all these Facebook posts from fresher groups
    Definitely change your FB settings to stop receiving notifications of all posts within each of the groups.

    Posted from TSR Mobile
    Offline

    0
    ReputationRep:
    (Original post by Princepieman)
    Definitely change your FB settings to stop receiving notifications of all posts within each of the groups.

    Posted from TSR Mobile
    I will get onto doing that but doubt it'll make too much of a difference, my email inbox is a mess. I've got 9000 unread emails haha, probably won the lottery somewhere in there.
    Offline

    1
    ReputationRep:
    (Original post by Princepieman)
    No tests: JPM, GS, Lazard (afaia), Blackrock, BNPP, Fidelity
    SJT: BAML
    New 'business challenge' thing that's untimed and a mix of numerical/SJT: Barclays
    Numerical + Verbal: CS, Rothschild
    SJT + Numerical + Verbal: BP IST
    SJT + Logical (altho, I've heard it's just SJT for spring..): HSBC
    Numerical + Logical: Nomura
    Numerical: MS, DB, UBS, Citi, RBC


    Posted from TSR Mobile
    Also, for the cv is it necessary to have a personal profile about yourself, and references? Or could you just say "References provided on request"
    Offline

    2
    ReputationRep:
    (Original post by mk_98)
    Also, for the cv is it necessary to have a personal profile about yourself, and references? Or could you just say "References provided on request"
    Personal profiles are a waste of space.

    References don't go on your cv, and including 'References available upon request' is unnecessary from what I've heard.
    Offline

    0
    ReputationRep:
    What's a good mark in these numerical test thingies (I'm practicing SHL at the moment)? Can't find an answer anywhere.
    Offline

    3
    ReputationRep:
    (Original post by mk_98)
    Also, for the cv is it necessary to have a personal profile about yourself, and references? Or could you just say "References provided on request"
    No and no need for that line at all.

    Posted from TSR Mobile
    Offline

    3
    ReputationRep:
    (Original post by laeffy)
    What's a good mark in these numerical test thingies (I'm practicing SHL at the moment)? Can't find an answer anywhere.
    70th percentile

    Posted from TSR Mobile
    Offline

    2
    ReputationRep:
    (Original post by Princepieman)
    70th percentile

    Posted from TSR Mobile
    is it similar for verbal reasoning?
 
 
 
Write a reply… Reply
Submit reply

Register

Thanks for posting! You just need to create an account in order to submit the post
  1. this can't be left blank
    that username has been taken, please choose another Forgotten your password?
  2. this can't be left blank
    this email is already registered. Forgotten your password?
  3. this can't be left blank

    6 characters or longer with both numbers and letters is safer

  4. this can't be left empty
    your full birthday is required
  1. Oops, you need to agree to our Ts&Cs to register
  2. Slide to join now Processing…

Updated: December 4, 2016
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

Today on TSR
Poll
Would you rather have...?
Useful resources

Articles:

Guide to investment bankingGuide to consultancy

Featured recruiter profiles:

Deutsche Bank logo

Deutsche Bank is recruiting

"Thrive in an international banking environment"

Quick link:

Unanswered investment banking and consultancy threads

Groups associated with this forum:

View associated groups

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Quick reply
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.