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    I don't know much about IB but I vaguely know the difference between FO and BO. I'm just curious as to whether or not somebody could end up in FO with a Law degree. If it is possible, what sorts of roles are available for somebody with a Law degree?
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    Compliance?
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    Uni>degree.
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    (Original post by The IC Guy)
    Compliance?
    Expand please.

    (Original post by epc)
    Uni>degree.
    From Warwick, Cambridge or Nottingham.

    And I find this quite ridiculous as this suggests that a graduate can do any degree and still end up in IB as long as the uni is prestigious. I know that IB is elitist but it's absolutely absurd if this is true.
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    (Original post by Doughnuts!!)
    From Warwick, Cambridge or Nottingham.

    And I find this quite ridiculous as this suggests that a graduate can do any degree and still end up in IB as long as the uni is prestigious. I know that IB is elitist but it's absolutely absurd if this is true.
    How is it elitist? They want the best people to work for them and the best people just happen to go to the best Universities. And your degree doesn't help you in the industry.
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    (Original post by epc)
    How is it elitist? They want the best people to work for them and the best people just happen to go to the best Universities. And your degree doesn't help you in the industry.
    That's a bit of a sweeping statement, don't you think?
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    (Original post by epc)
    They want the best people to work for them and the best people just happen to go to the best Universities.
    not necessarily. it's harder to get a law degree from east anglia (they require aab i think) than to get a sociology one from warwick-BBB
    Law is way harder than a degree like sociology or media studies no matter what uni you attend. Surely a degree should be more important?
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    and emmm....please explain doughnuts what IB and BO and FO are?? im a bit lost :P
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    (Original post by wherethebeaverlive)
    and emmm....please explain doughnuts what IB and BO and FO are?? im a bit lost :P
    Wait...you are joking, right?
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    (Original post by wherethebeaverlive)
    and emmm....please explain doughnuts what IB and BO and FO are?? im a bit lost :P
    FO and BO stand for Front Office and Back office. Front Office houses the revenue-generating areas of the bank such as the Invesment Banking Division, and the Sales and Trading desks. Whereas Back Office houses the divisons that do not generate revenue but rather support FO, such as Legal & Compliance and Technology.

    Click here to see a typical Front Office trading floor

    Click here to see a typical Back office Technology department
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    (Original post by Zweihander)
    FO and BO stand for Front Office and Back office. Front Office houses the revenue-generating areas of the bank such as the Invesment Banking Division, and the Sales and Trading desks. Whereas Back Office houses the divisons that do not generate revenue but rather support FO, such as Legal & Compliance and Technology.

    Click here to see a typical Front Office trading floor

    Click here to see a typical Back office Technology department
    So is it possible for a Law grad to work in Front Office or would job opportunities just be limited to Back Office?
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    (Original post by Zweihander)
    FO and BO stand for Front Office and Back office. Front Office houses the revenue-generating areas of the bank such as the Invesment Banking Division, and the Sales and Trading desks. Whereas Back Office houses the divisons that do not generate revenue but rather support FO, such as Legal & Compliance and Technology.

    Click here to see a typical Front Office trading floor

    Click here to see a typical Back office Technology department
    Wish i could send rep for this.
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    (Original post by Zürich)
    Wish i could send rep for this.
    Can you answer my question please? Nobody has actually given a definitive answer yet!!
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    If you go to any of those three unis you mentioned then it is possible.
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    I remember an IB panel at LSE last year with a final year law graduate who'd gotten a job with Goldman Sachs in IB, he was emphasising how the degree subject is not that relevant. I also remember them saying at a GS recruitment event that the degree is not important, though both of these events were for LSE students so it would suggest you'd need to be in one of the more prestigious universities. Though I'm far from an expert.
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    (Original post by JRHoward)
    I remember an IB panel at LSE last year with a final year law graduate who'd gotten a job with Goldman Sachs in IB, he was emphasising how the degree subject is not that relevant. I also remember them saying at a GS recruitment event that the degree is not important, though both of these events were for LSE students so it would suggest you'd need to be in one of the more prestigious universities. Though I'm far from an expert.
    But don't most people use these graduate level FO postions as a stepping stone to something more tenable such as PE, VC, HF insurance etc.

    In the case of somebody wanting to work for for VC that specialises in biotechnology or software, wouldn't a scientific degree be more useful than something unrelated to science?
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    (Original post by i_hate_teeth)
    But don't most people use these graduate level FO postions as a stepping stone to something more tenable such as PE, VC, HF insurance etc.

    In the case of somebody wanting to work for for VC that specialises in biotechnology or software, wouldn't a scientific degree be more useful than something unrelated to science?
    As I say, not claiming to be an expert, but I do know that the guy doing law got an FO position.
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    (Original post by JRHoward)
    As I say, not claiming to be an expert, but I do know that the guy doing law got an FO position.
    Yeah, I don't doubt that a LSE Law graduate would have no trouble getting a FO position.

    I'm just seeing alot of people saying things to the tune of 'your degree doesn't matter', and while that may be the case at graduate level. I wonder how true it is when it comes to the exit op stage. Especially when moving from an analyst role to something more specific, technical or numerate. Where specific knowledge of mathematics or science will be useful.
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    (Original post by i_hate_teeth)
    Yeah, I don't doubt that a LSE Law graduate would have no trouble getting a FO position.

    I'm just seeing alot of people saying things to the tune of 'your degree doesn't matter', and while that may be the case at graduate level. I wonder how true it is when it comes to the exit op stage. Especially when moving from an analyst role to something more specific, technical or numerate. Where specific knowledge of mathematics or science will be useful.
    I may well be talking *******s, but I would imagine that after a few years doing what you do as an analyst, if you weren't already quantitatively-based you'd develop those skills on the job. Being able to do endless mathematical proofs at an undergraduate level doesn't have a great deal of directly applicable use.
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    (Original post by Doughnuts!!)
    Expand please.



    From Warwick, Cambridge or Nottingham.

    And I find this quite ridiculous as this suggests that a graduate can do any degree and still end up in IB as long as the uni is prestigious. I know that IB is elitist but it's absolutely absurd if this is true.
    Unfortunately mate, that is the way of the world.

    Whatever your degree, the university is more important.

    Now yes, I know you're never going to get a biology job ahead of a biology graduate if your English degree is from Oxford and his biology degree is from Edge Hill, but for non-specialist graduate jobs, the university takes precedence.

    The top universities take the top all round candidates, on the whole. Sure, you'll get some students with fantastic talent in certain subjects (mainly maths) at the top universities, but mostly they take the the best of the best who are well-rounded people.

    In essence, the university has done the pre-screening that the employers would do. They don't need your entire CV to know you're good at this that and the other, you went to Oxford and studied XXX, you're damn good and they can easily see that.

    It's very unfair if you've picked a university for the course, rather than the prestige, but most people go for prestige>suitability anyways.

    tl;dr - for non-specialist grad jobs, university>degree
 
 
 
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