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The truth about Top 5/10 unis etc

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Reply 180

Octavius85
is there actually a degree that can get you the job..?


I detect a note of irony/sarcasm but just in case there isn't no degree will guarantee you a job, however they wil certainly make it much easier to get interviews.

Reply 181

Surprisingly the guy i spoke to said that when he was considering a cv he wouldnt really look at the degree in question, only where it was obtained from and the class.
In his opinion applicants are filtered by:
- University
- Class of Degree
- Personal Qualities
- Other exam grades etc.

He made it very clear that he would only consider applicants with a personality. He didnt find the endless list of random extra-curriculars appealing and he said he wants employees with genuine interests and hobbies.
Although obviously if you are applying to become a quant etc. then you have to have a mathematical degree but otherwise any degree is considered.

Reply 182

I believe it s pritty much like you describe it. Totally agree that the university and class play a more important role than the degree itself. But once you get interviewed, I think it's all about personal qualities, no one cares about your background anymore.. don't u think?

Reply 183

Definitely. The guy i was speaking to said that because everybody is applying with extremely similar grades and qualifications you must be able to differentiate yourself from the crowd. He added that it is important that the prospective employee would fit into the atmosphere of the office and importantly - be able to add something to the team. Sounds obvious but this point can sometimes be forgotten. Also, he specifically stated that he is not interested in a genius who studies all day long - he wants employees with a broad range of skills and interests not just the ability to memorise or learn facts.

Reply 184

You cheeky scamp, Honza. But you're right :wink:

As far as I can ascertain, it's important to:

a) Go to a top 5 university, Oxbridge/LSE if possible;
b) Study a quantitative degree;
c) Be a personable sort of person, with strong teamwork, people-skills, and extra-currics.

Reply 185

Where does it say that that is my definition of a genius?
Also, I can tell you that this particular person doesnt really care whether an employee he hires is a genius or not - I know this because he actually told me. For the record he said that he is more interested in the personality of job applicants than their intelligence (bearing in mind that he has CV's filtered by his secretary so that only the best applications ever reach his desk). However i am sure you know more because you have a superb resource like this website at your disposal.

Reply 186

nbooker999
Where does it say that that is my definition of a genius?
Also, I can tell you that this particular person doesnt really care whether an employee he hires is a genius or not - I know this because he actually told me. For the record he said that he is more interested in the personality of job applicants than their intelligence (bearing in mind that he has CV's filtered by his secretary so that only the best applications ever reach his desk). However i am sure you know more because you have a superb resource like this website at your disposal.


Haha feel the irony :p:

Reply 187

If you do an undergrad at a top 10 uni ( other than LSE or oxbridge), and then do a masters at lse or oxbridge, when it comes to applying for IB, will your application be considered one from an oxbridge/lse student or the place where you did your undergrad?

Reply 188

Also, I can tell you that this particular person doesnt really care whether an employee he hires is a genius or not


From some of the things I've read, this statement seems to be kind of true...like it doesn't matter if you've got a first from Oxbridge/LSE, if the people interviewing you don't like you, they won't take you. In the IBD and Sales side you do need to have a good/likeable personality in order to do business with clients properly. In the trading side, its your P&L that matters and even if you're Einstein, if your P&L is crap (which it can be, even for Einstein:p: ), you'll soon be sacked.

Genius doesn't neccesarily mean $$$ for companies. And when you consider that within most divisions in IB, it won't make a blind bit of difference if you have a PhD in string theory from Cambridge or whatever, because that amount of knowledge is simply just surplus to the job in hand.

Was it not the case the even 20 or so years ago, people were getting into IB with just A-levels? (might be down to old boy network but still won't hire you if you can't do the job).

If you do an undergrad at a top 10 uni ( other than LSE or oxbridge), and then do a masters at lse or oxbridge, when it comes to applying for IB, will your application be considered one from an oxbridge/lse student or the place where you did your undergrad?


The reason a lot of people go to do a masters at these universities is because of the fact that it will improve their employability within IBs. One of the reasons their employability might not be good is because they have a degree from a lesser university.

Reply 189

LBC213
From some of the things I've read, this statement seems to be kind of true...like it doesn't matter if you've got a first from Oxbridge/LSE, if the people interviewing you don't like you, they won't take you. In the IBD and Sales side you do need to have a good/likeable personality in order to do business with clients properly. In the trading side, its your P&L that matters and even if you're Einstein, if your P&L is crap (which it can be, even for Einstein:p: ), you'll soon be sacked.

Genius doesn't neccesarily mean $$$ for companies. And when you consider that within most divisions in IB, it won't make a blind bit of difference if you have a PhD in string theory from Cambridge or whatever, because that amount of knowledge is simply just surplus to the job in hand.

Was it not the case the even 20 or so years ago, people were getting into IB with just A-levels? (might be down to old boy network but still won't hire you if you can't do the job).



The reason a lot of people go to do a masters at these universities is because of the fact that it will improve their employability within IBs. One of the reasons their employability might not be good is because they have a degree from a lesser university.


but would they be in as strong a position as someone who had only done an undergrad at LSE/Oxbridge?

Reply 190

I was told that for Goldman Sachs that basically a degree from a top 10 university of class 2:1 or better is ok - as long as you can demonstrate you are a unique person i.e. not just a name on a piece of paper with exam grades.

Reply 191

No one is answering chazzino properly.
I would say YES. Top grad programs are very hard to get into and very demanding once you are doing the course. Employers know that. I have first degrees from a recognized university so that's not why I'm doing a masters.

Reply 192

I'd disagree. Unless you've done a post-grad degree in Maths, why are you doing further research as opposed to going into the industry?

I'm not saying it'll be a disadvantage but I don't personally believe it'd be an advantage, apart from post-grad maths or a decent MBA (for which you, 99% of the time, need work experience for).

Reply 193

Of course it's an advantage. Why do you think so many graduates in finance/management have fantastic employment prospectives? It's because they have the school s network/brand name that allows them to land the interviews.

Reply 194

fuglyduckling
why are you doing further research as opposed to going into the industry?


Dude, a masters is not about doing research. A tought masters for instance helps peop from a different background to enhance their chances in getting work in the area they want (IB/consulting/industry...)

Reply 195

Agreed - not ALL masters are about research. I was too vague in my terminology.

My point remains this: Doing a masters will not put you at a disadvantage against students with just an undergrad degree, but it won't put you at an advantage (unless it's Maths Phd or MBA etc.). Therefore, I'd only do one if i had to because i couldn't get offers otherwise.

Reply 196

fuglyduckling
Agreed - not ALL masters are about research. I was too vague in my terminology.

My point remains this: Doing a masters will not put you at a disadvantage against students with just an undergrad degree, but it won't put you at an advantage (unless it's Maths Phd or MBA etc.). Therefore, I'd only do one if i had to because i couldn't get offers otherwise.


Perfectly agree with your point. Undergrad and MSc's (tought masters) aim same jobs at equal chances.
However, coming back to chizzinio's question. Can a posgrad from a top ten boost your career prospectives at the same level of undergrad from the same university, my answer is, in general terms, YES. Of course, it's always be better to have a strong undergrad degree and you may have a bad time explaining why you have a weak undergrad.

Reply 197

Octavius85
Perfectly agree with your point. Undergrad and MSc's (tought masters) aim same jobs at equal chances.
However, coming back to chizzinio's question. Can a posgrad from a top ten boost your career prospectives at the same level of undergrad from the same university, my answer is, in general terms, YES. Of course, it's always be better to have a strong undergrad degree and you may have a bad time explaining why you have a weak undergrad.


So, im right in thinking having oxbridge/lse on your application masters or undergrad can increase career prospectives. I dont think i explained my question very well. You see, I will be applying to the likes of Cambridge, LSE, Imperial, UCl and Warwick, and obviously, I assume that Cambridge and LSE would give me the greatest advantage when applying to IB. The other places I am applying are all strong unis, but the problem is im an ambitious perfectionist, and if i didnt get into LSE or Cambridge for undergrad, I would most certainly apply there for masters. So, my undergrad degree will be strong (or ill take a gap year and reapply), so would a strong undergrad matched with a cambridge/lse masters give me an adavantage? Some people have actually recommended against this because 'banks want young minds', but what difference would a year or two make?

thanks

Reply 198

Octavius85
Of course it's an advantage. Why do you think so many graduates in finance/management have fantastic employment prospectives? It's because they have the school s network/brand name that allows them to land the interviews.


Are you sure of this?
I am not a UK citizen(yet) and that is why i ask.
Many british students I have talked to say that a masters degree is quite useless or atleaast not worth the money. They say masters degrees are only good if you want to get into research or teaching etc and to mee this seems logical. They also say that emplyers know that it is a waste of money and that they prefer proper work experience rather than a masters degree.

But like you say a masters degree from a brand name school sucha as LSE should be able to give an extra edge to an application.

it's a tough question:smile:

Reply 199

chazzinio
So, im right in thinking having oxbridge/lse on your application masters or undergrad can increase career prospectives. I dont think i explained my question very well. You see, I will be applying to the likes of Cambridge, LSE, Imperial, UCl and Warwick, and obviously, I assume that Cambridge and LSE would give me the greatest advantage when applying to IB. The other places I am applying are all strong unis, but the problem is im an ambitious perfectionist, and if i didnt get into LSE or Cambridge for undergrad, I would most certainly apply there for masters. So, my undergrad degree will be strong (or ill take a gap year and reapply), so would a strong undergrad matched with a cambridge/lse masters give me an adavantage? Some people have actually recommended against this because 'banks want young minds', but what difference would a year or two make?

thanks


You don't need to be Oxbridge/LSE at postgrad or undergrad. Go to the right places and if you're good, hey presto, you'll get found.

If you aren't, well, life goes on.

Just because you are an ambitious perfectionist doesn't mean it will all swing that way for you. Life is not perfect.

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