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    (Original post by unknown demon)
    Investment Banking or S&T.

    No idea about brokers but my friends at ICAP are a good laugh on a night out.
    Oh, my bad I meant IBD, as oppose to broking. but I guess the principle remains.
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    (Original post by BulgeBracket)
    True enough, I always knew the enterprising route can be much more lucrative minus taking so much ****, but I will be in the U.S. and will have to get hired to satisy visa requirements (dont think I have the legal right to set up a company)

    My dream is to try and build up decent savings from financial services and set up my own independent film company. (It would take at least a decade of hard work and promotions to get enough cash, though!)

    I've heard that theres a good rate of progression after a few years to PE and VC?Not sure what those working conditions are like either, though.
    VC is a kinder environment. Though its a contracting industry, less deals are being done and less investor capital is flowing into it as an asset class. Plus the returns are not as great. However, depending on what stage you are at in the investment cycle the hours can be very high. It is also a long-term business and it is a 'hits' business. While some may say its about being consistent and getting base hits the entire industry is obssessed with the grand slam. Just go and look at Sequioa's website it screams 'we are the guys who invested in Google' when in actuality they faffed around so much before investing and it took an awful lot of hassle from Ron Conway for them to co-invest with Kleiner Partners.

    PE working conditions are ridiculous. The big places will look like palaces and there is good reason, they make ALOT of money. You will work extremely hard for this money but your lifestyle will be horrible and the type of work you will be doing will be bull****. You will also have to take a fair amount of flak from the people in senior positions.

    Progression to what though ?

    Exit options are great and all from both these things but most normal people actually like to have some free time. Good luck dating someone/leading a normal life if you find yourself at a place like BX, TPG or Apollo.
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    What would be your chances of getting into FO IB with a MEng in Civil Eng from ICL, with say a high 2.1?
    +experience, few weeks at a BB and other similar placements.
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    (Original post by R92)
    What would be your chances of getting into FO IB with a MEng in Civil Eng from ICL, with say a high 2.1?
    +experience, few weeks at a BB and other similar placements.
    My friend has a 2.1 in MEng Mech Eng from Imperial. He works in M&A at RBS. He did spring week and summer internship there. So anecdotally your chances seem pretty good.
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    Hi guys
    What's the greatest way to break into IB ? Doing the BSc (only) in a targeted uni or doing the BSc in a non-targeted uni then a MSc in a targeted uni (like LSE) ?



    Thanks
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    (Original post by Mihawk)
    Hi guys
    What's the greatest way to break into IB ? Doing the BSc (only) in a targeted uni or doing the BSc in a non-targeted uni then a MSc in a targeted uni (like LSE) ?



    Thanks
    I'm praying the latter works lol!
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    (Original post by Official.One)
    I'm praying the latter works lol!
    Me too lol
    But is it really the case ? we're talking about very elitist jobs ... I think that the background has a big importance in the recruiters's mind ... especially in London or in the US ...
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    (Original post by Mihawk)
    Me too lol
    But is it really the case ? we're talking about very elitist jobs ... I think that the background has a big importance in the recruiters's mind ... especially in London or in the US ...
    but don't you think at the same time recruiters would appreciate the fact we didn't give up and still pursued a masters to join that group of top students?
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    (Original post by Official.One)
    but don't you think at the same time recruiters would appreciate the fact we didn't give up and still pursued a masters to join that group of top students?
    To be honest , I don't think they're thinking that way ... They're looking for brillants students from top schools ...
    So you can't afford mistakes on your resume ... Maybe Im wrong ...
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    (Original post by Official.One)
    but don't you think at the same time recruiters would appreciate the fact we didn't give up and still pursued a masters to join that group of top students?
    If you think someone's gonna pat you on the back for doing a degree solely to boost your career you're mistaken.
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    (Original post by Zweihander)
    If you think someone's gonna pat you on the back for doing a degree solely to boost your career you're mistaken.
    According to you , i guess the first option is better right ?
    We can always read on TSR that a student achieved his goal joining top tier IBD from a non targeted uni ...
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    (Original post by Mihawk)
    According to you , i guess the first option is better right ?
    We can always read on TSR that a student achieved his goal joining top tier IBD from a non targeted uni ...
    He's not saying it's impossible - just that getting to a target uni and doing it the first time round is obviously better. Sure someone who straightens themselves up after 6th form and does well in their degree is admirable - but should they be more admirable than someone who has been strong academically throughout school, 6th form and university? I don't think so.
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    (Original post by Mihawk)
    According to you , i guess the first option is better right ?
    We can always read on TSR that a student achieved his goal joining top tier IBD from a non targeted uni ...
    (Original post by hassi94)
    He's not saying it's impossible - just that getting to a target uni and doing it the first time round is obviously better. Sure someone who straightens themselves up after 6th form and does well in their degree is admirable - but should they be more admirable than someone who has been strong academically throughout school, 6th form and university? I don't think so.
    I'm not saying anything. Do what you need to do to get in. No way is better than another, once you're in no one's really going to care what you uni you went to.
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    (Original post by Zweihander)
    I'm not saying anything. Do what you need to do to get in. No way is better than another, once you're in no one's really going to care what you uni you went to.
    Okay sorry - in fact reading back I said 'better' when really I meant to say easier; lower costs, faster, through to interview easier etc.
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    (Original post by Solnysko)
    What about Exeter University? Its in top 20 in all league tables and proves to be a very good uni, but for some reason no one seems to mention it...is there a reason for it?
    No, you've just got to really really stand out. The love affair between bulge bracket banks and the elite universities may never end, but there is always that chance. Don't forget, if you don't get a job at Goldman, working at a boutique or midcap is a very viable option and perhaps better than being an analyst at a BB - more responsibility, less of a 'programme' to follow. And you can always apply for associate programmes a few years down the line. One of my mates did just that and he's earning 50k at a boutique in Mayfair. He's only 21. He didn't got to a top uni either
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    (Original post by The Banker)
    No, you've just got to really really stand out. The love affair between bulge bracket banks and the elite universities may never end, but there is always that chance. Don't forget, if you don't get a job at Goldman, working at a boutique or midcap is a very viable option and perhaps better than being an analyst at a BB - more responsibility, less of a 'programme' to follow. And you can always apply for associate programmes a few years down the line. One of my mates did just that and he's earning 50k at a boutique in Mayfair. He's only 21. He didn't got to a top uni either
    Yer, I agree with this - What dept was your friend working in? S&T - or IBD?
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    Specialist Advisor
    In our experience most investment banks will - rightly or wrongly - rely on league tables as an indicator of suitability. When working with these types of client our experts do bring to their attention the advantages of looking beyond this requirement but unfortunately it rarely gets actioned.
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    (Original post by Graduate Recruitment Bureau)
    In our experience most investment banks will - rightly or wrongly - rely on league tables as an indicator of suitability. When working with these types of client our experts do bring to their attention the advantages of looking beyond this requirement but unfortunately it rarely gets actioned.
    At what level do you think is the cut-off point: top 6/top20 etc
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    (Original post by orca92)
    6am till 10pm!!! Sorry, but in the IBD you can be working 140 hour weeks during busy times. Traders get the easy hours.
    wait, theres 168 hours a week. you're telling me you spent 140 of them hours working, and get 4 a day to yourself, with possibly 2 hours of sleep a day. now that, is bull****.
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    (Original post by The Banker)
    No, you've just got to really really stand out. The love affair between bulge bracket banks and the elite universities may never end, but there is always that chance. Don't forget, if you don't get a job at Goldman, working at a boutique or midcap is a very viable option and perhaps better than being an analyst at a BB - more responsibility, less of a 'programme' to follow. And you can always apply for associate programmes a few years down the line. One of my mates did just that and he's earning 50k at a boutique in Mayfair. He's only 21. He didn't got to a top uni either
    I know that initially sounds good to those of us who havent worked in IB yet, but isnt that just code for more hours than BB?
    Although I guess the additional responsibility could increase exit oppurtunities down the line..
 
 
 
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