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    Having been unsuccessful in gaining a Grad Job at an IB, one of many options I am looking into is attempting to gain some sort of internship/work experience at a financial publication i.e. The Economist or the Financial Times.

    Were I to be successful with this does anybody have any ideas on whether this experience would improve the prospects of future IB applications (on completion of my masters)

    Would IB HR on seeing, for example, time spent at the commodities desk within the FT, find this unique and 'impressive'?

    As a disclaimer, I do realise that I am 'jumping the gun' somewhat, and that the screening process for the firms mentioned above is, in most likelihood, extremely competitive.
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    I hope you realize that The Economist and The Financial Times are probably more competitive than the recruitment process at Investment Banks. Purely due to the fact that the FT take <5 grads per year.

    Yes it will be looked upon favourably since the FT will give you some sort of finance training esp if you are placed as a reporter on a desk. Markets/UK Companies would be the best place since you'd interact heavily with CEOs, Ibankers, Research analysts etc.

    Buts its EXTREMELY difficult to get into these places.

    It will help since it helped me land a gig in a boutique AM firm.
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    Plus you'd have to demonstrate a considerable interest in journalism, probably more so than business & finance.
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    Out of interest, what is the pay like for FT journalists?
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    Would definitely look good. Their training programme would probably be as good, if not better than most Banks and would give you a great experience with the markets and what makes them tick.

    At the end of the day, it's how you leverage your experience. You can turn almost any experience into a worthwhile gig as long as you word it properly.
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    (Original post by unknown demon)
    I hope you realize that The Economist and The Financial Times are probably more competitive than the recruitment process at Investment Banks. Purely due to the fact that the FT take <5 grads per year.

    Yes it will be looked upon favourably since the FT will give you some sort of finance training esp if you are placed as a reporter on a desk. Markets/UK Companies would be the best place since you'd interact heavily with CEOs, Ibankers, Research analysts etc.

    Buts its EXTREMELY difficult to get into these places.

    It will help since it helped me land a gig in a boutique AM firm.
    Was your internship with FT or Economist? Can I ask how the application system works?
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    FT.

    I did not apply. No one who gets into these places 'Applies' in the traditional sense.
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    (Original post by JW)
    Plus you'd have to demonstrate a considerable interest in journalism, probably more so than business & finance.
    This is the information I gathered from The Economist article explaining the internship: They are looking for people who are primarily Economists with a deep knowledge and interest base in Economics. Journalistic interest and capability is deemed as unimportant - what they want are specialists. The same applies for The Economist's Science and Technology internship position.
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    Training program is very good. Rotation across several desks at the paper. Reuters, Bloomberg & Finance training.

    Alot of ex-bankers work at the FT. People also move the other direction from FT/Economist to finance. A recent example was Kevin Allison (ex-Lex Column) got headhunted by UBS now works as an AD in equity sales.

    However, its 10x harder to get onto these schemes purely b/c of the low numbers they take YoY.
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    (Original post by therealOG)
    This is the information I gathered from The Economist article explaining the internship: They are looking for people who are primarily Economists with a deep knowledge and interest base in Economics. Journalistic interest and capability is deemed as unimportant - what they want are specialists. The same applies for The Economist's Science and Technology internship position.
    Oh, OK. The impression I got from their website when I looked a couple of days ago is that the internship was heavily focused on fostering journalistic skills.
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    (Original post by JW)
    Oh, OK. The impression I got from their website when I looked a couple of days ago is that the internship was heavily focused on fostering journalistic skills.
    Hmmmmm, the article was in their magazine.....looks like they're trying to confuse us
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    (Original post by LSE2010)
    Having been unsuccessful in gaining a Grad Job at an IB, one of many options I am looking into is attempting to gain some sort of internship/work experience at a financial publication i.e. The Economist or the Financial Times.

    Were I to be successful with this does anybody have any ideas on whether this experience would improve the prospects of future IB applications (on completion of my masters)

    Would IB HR on seeing, for example, time spent at the commodities desk within the FT, find this unique and 'impressive'?

    As a disclaimer, I do realise that I am 'jumping the gun' somewhat, and that the screening process for the firms mentioned above is, in most likelihood, extremely competitive.
    I think the first thing you need to do is ask for feedback on why you were unsuccessful in gaining a grad job, and then work on your weakness. There are people that have been working towards securing a job at the FT as a plan A, and these people will probabaly be the ones that get the jobs, rather than people who see it as a back-up.
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    (Original post by gangst)
    Out of interest, what is the pay like for FT journalists?
    £30-40k depends on how much 'output' you produce and how well you own your 'beat' over the course of your rotations. FT journalists are not struggling at all.
 
 
 
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