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Do you have to go to the top 20 universities to be a investment banker? watch

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    (Original post by glorydays)
    At what level do you think is the cut-off point: top 6/top20 etc
    Depending on which league table, usually top 10.
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    (Original post by BulgeBracket)
    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..
    not necessarily, as it canalso mean les bull**** and less egos

    on the other hand, it can be worse, yes
    it can't really be generalized
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    http://www2.warwick.ac.uk/newsandeve...times_reveals/

    lolz goodbye Russell Group, hello Ivy League!
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    (Original post by Zweihander)
    http://www2.warwick.ac.uk/newsandeve...times_reveals/

    lolz goodbye Russell Group, hello Ivy League!
    Boy, you must be happy they excluded Leeds, Soton etc
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    (Original post by Focus08)
    Boy, you must be happy they excluded Leeds, Soton etc
    Actually I'm just wondering why they didnt include Lancaster lolz
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    (Original post by Zweihander)
    http://www2.warwick.ac.uk/newsandeve...times_reveals/

    lolz goodbye Russell Group, hello Ivy League!
    It's like they want social and class separation
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    (Original post by CityTrader)
    Yer, I agree with this - What dept was your friend working in? S&T - or IBD?
    No M&A. His hours aren't too bad either - about 8 till 8 monday to friday and free on the weekends unless of course they are close to deal closing time
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    (Original post by BulgeBracket)
    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..
    It really depends on where you want to go. If you look at the CEOs of certain banks they didn't always work at that bank eg Dimon of JP Morgan. However other CEOs have been at their respective banks since graduating although this is still unusual.

    I'm afraid I couldn't tell you about opportunities down the line - in theory there should be plenty if you want to stay in banking however many people do the grad schemes at BBs to pay off debt and then move on after the three years with a bit of money and a boost on their CV. Boutiques may not offer the same opps in other areas as BBs do but if you want to work in banking and finance your whole career it shouldn't be a problem. Again take this with a pinch of salt- I have read that some banks don't like hiring people from boutiques - esp if it's someone who started out ina boutique eg office of 10 to office of a few thousand.
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    I think that you are really looking at the top few, Oxford, Cambridge, LSE, UCL, Warwick and Imperial, and then at certain courses, economics, maths and perhaps a few more at Oxbridge. Of course people get in from Manchester etc, but when you are competing with loads of people from those places, most of whom will have firsts, then you will have to be outstanding, i.e a lot better than them at interview than them. That said however, people do do it, an alternative route seems to be to go in from accountancy, the big firms aren't that picky and the current CFO at Goldman, an ex accountant at KPMG went to City so it is possible.
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    Plenty of people in global markets from Queen Mary, not a russell group, plenty...
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    (Original post by Zweihander)
    http://www2.warwick.ac.uk/newsandeve...times_reveals/

    lolz goodbye Russell Group, hello Ivy League!
    that (list) can't be right
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    I think the answer is in absolute terms no, but investment banking is generally for people who aren't afraid of arduous work and enjoy being part of a defined hierarchy. Therefore if you weren't motivated to work hard at school to get the grades to go to a top university, which takes a minimal amount of intellect to be brutally honest, then you won't fit in at a bank. This is particularly true in M&A/IBD (which is what I take "Investment Banker" to mean in this sense). I think as long as you prove your motivation and ability to work in that kind of environment, you'll get in - i.e. getting an accountancy qualification would be an alternative route.
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    Guys talk to me! What about Kent?!


    peace+love.
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    (Original post by M.R.)
    that (list) can't be right
    Looks fine to me. Presumably you don't attend one of those universities? ...Or you don't want to be associated with Exeter?
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    (Original post by fargo89)
    Looks fine to me. Presumably you don't attend one of those universities? ...Or you don't want to be associated with Exeter?
    no, didn't notice there's no mention of rankings based on that criteria there
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    (Original post by thestrategist89)
    Oh dear...
    this
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    Russell Grp means F all, never was based on quality but size.

    SIZE ALONE DIES NOT = QUALITY.

    I am at one of the " bigger " name RG unis NOW and I snoop around outside my course a lot and I tell you all, the teaching quality is average at best.

    Can't really say they would be a a whole cut above Exeter, UEA, Sussex, Bath etc.

    The lecturers are mediocre at best and classes are Fg huge exacerbating the problem.

    Also I've worked in finance before in S'pore and I can tell you IB ain't no bed of roses, you won't be " trading " in any real sense I can assure you.

    A bank / investment bank is set up to rip off clients, not " trade" , they will never jeopordise a sure bet for one that entails risk even a small risk / big reward.

    Sorry lot of bubbles gonna burst but that has been my experience.
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    Gimme 1 reason why Manchester or KCL should be there?
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    Actually I'd better correct that:

    Gimme 1 GOOD reason why KCL and Manchester should be there
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    One of my friends who's now an investment banker said that investment banks will actively go out and seek employees from the best 6/7 unis in the country - i.e. Oxford, Cambridge, LSE, Imperial, UCL, Warwick, Durham BUT that doesn't mean you have no chance at all, it just means you have to prove to them you have what it takes.

    I know someone working on the trading floor at Deutsche Bank who went to Sheffield and did a Masters at Manchester
 
 
 
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