The Student Room Group

Can people from non Russell Group unis make it in invesment banking?

I read this interview with Moorad Choudhry, who did his undergrad at the Uni of Westminster and is a bit of a City hot shot at RBS. One of the things he says is that students coming out of unis in places like Hong Kong and Singapore are ahead of the curve because they get their CFA qualification done while they're in undergrad!

he also says he went to Westminster Uni "not the best uni" - I wonder if any recent grads of Westminster are in the City?
Reply 1
I think its definitely possible but its a lot harder. Banks are notorious for hiring from Oxbridge, LSE and Warwick let alone just Russel Group, for example I haven't heard of any bankers attending Liverpool. Even though its hard, for a non-russel group grad, I think as long as they're lucky enough to get an interview, impress there and ace all the tests then they should get a job.
Yes, success doesn't necessarily correlate to the university you first attended at 18/19.

Intuition, intelligence, character, confidence and a hint of luck can contribute to a person's success.

To discriminate against a candidate from a non-Russell group university could be potential suicide for a company - The wider the scope, the more choice an employer has.
Of course it's possible, rare, but possible. You just have to work harder to prove yourself. If you have the right qualities and can put yourself in a position to demonstrate them, then you may be able to overcome going to a not a so good university and not having the network in place to get yourself in. University isn't the only factor, it helps obviously, but it is not a golden ticket.
(edited 11 years ago)
Original post by Iamyourfather
Yes, success doesn't necessarily correlate to the university you first attended at 18/19.

Intuition, intelligence, character, confidence and a hint of luck can contribute to a person's success.

To discriminate against a candidate from a non-Russell group university could be potential suicide for a company - The wider the scope, the more choice an employer has.


Whilst this might all be true, it's not applicable as an answer to the OPs question. Investment banks are notorious for hiring most of their staff from a small pool of universities. When you have hundreds of applicants per role, you're not short on choice.

This is not to say you can't make it from a non-Russell group uni. You definitely can, there are no hard limits. This guys story is a little less applicable today, since now graduate recruitment is so commoditised and a greater number of people are going to university, so it's increasingly difficult to stand out. But he does demonstrate that just because you don't end up where you might want to be right out of university, that doesn't mean that you can't go there later in course of your career.
Original post by MinorityInterest
Whilst this might all be true, it's not applicable as an answer to the OPs question. Investment banks are notorious for hiring most of their staff from a small pool of universities. When you have hundreds of applicants per role, you're not short on choice.

This is not to say you can't make it from a non-Russell group uni. You definitely can, there are no hard limits. This guys story is a little less applicable today, since now graduate recruitment is so commoditised and a greater number of people are going to university, so it's increasingly difficult to stand out. But he does demonstrate that just because you don't end up where you might want to be right out of university, that doesn't mean that you can't go there later in course of your career.

Yeah fair point, IB is very elitist.
Reply 6
Original post by Tokyoround
Of course it's possible, rare, but possible. You just have to work harder to prove yourself. If you have the right qualities and can put yourself in a position to demonstrate them, then you may be able to overcome going to a not a so good university and not having the network in place to get yourself in. University isn't the only factor, it helps obviously, but it is not a golden ticket.


Well said.

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