What are my chances of getting into investment banking (city)? Watch

Graduate_1990
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Okay, here is the thing, I have always wanted to go into a career in investment banking, but I am really doubting whether I have the right experience / academic qualifications to have a genuine chance in making successful applications (city IBs). I have, 3 B's in A-Levels, First Class in Accounting and expecting a Distinction in my masters course in strategic accounting and finance. the thing is I went to really poor universities: uni of Bedfordshire and Trent university respectively. I am fully aware that major IB look for candidates from UCL, Oxbridge, Warwick etc. So do I have a real chance of succeeding in IB? will my strong academic qualifications (except my a-levels) will be enough for them to overlook the universities ive attended? thanks
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Bloxorus
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(Original post by Graduate_1990)
Okay, here is the thing, I have always wanted to go into a career in investment banking, but I am really doubting whether I have the right experience / academic qualifications to have a genuine chance in making successful applications (city IBs). I have, 3 B's in A-Levels, First Class in Accounting and expecting a Distinction in my masters course in strategic accounting and finance. the thing is I went to really poor universities: uni of Bedfordshire and Trent university respectively. I am fully aware that major IB look for candidates from UCL, Oxbridge, Warwick etc. So do I have a real chance of succeeding in IB? will my strong academic qualifications (except my a-levels) will be enough for them to overlook the universities ive attended? thanks (apologies for not putting this into paragraphs, my space bar doesn't appear to work on here :/ ).
I
Do you have any banking work experience or internships? You may be able to get away with having been to poor universities if you make yourself stand out in other areas. Either internships or a trading portfolio etc will be essential to make yourself stand out.


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lucas13
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you have a chance but its unlikely, your strong grades will help though. most banks arent hiring much at the moment so that probably makes it harder as well.
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Graduate_1990
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(Original post by Bloxorus)
Do you have any banking work experience or internships? You may be able to get away with having been to poor universities if you make yourself stand out in other areas. Either internships or a trading portfolio etc will be essential to make yourself stand out.


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No, that's the thing, I have no banking experience whatsoever, that is what im trying to do at the moment, apply for internship placements, I very much doubt I have enough credentials for a full-time graduate role. if the big IBs are out of the question, are there any medium-sized IBs I could apply for? still in the city of course.
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Szmessh
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I think you should lower the bar first, and apply to regional boutiques - then maybe you could secure an internship at a BB in the future, when recruiting season comes. Also you could start networking / looking for alumni.

I'm no expert but perhaps you could do a masters again (or maybe a PHD I don't know) at a respectable uni to rebrand yourself? I am not sure if you can do that (two masters), but the universities you went to are big time nontargets, and you stand zero chance for FO roles as for the moment.

Your primary concern is landing interviews, setting your foot into the door: in order to do that, either you should be from a target, either you should be networked, or either should have relevant work exp in addition to the things which boost your CV (projects you took on, any leadership, etc.) -

from that part, it will all be up to you - whether you can ace your interviews, and then ace your internship.
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Graduate_1990
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(Original post by Szmessh)
I think you should lower the bar first, and apply to regional boutiques - then maybe you could secure an internship at a BB in the future, when recruiting season comes. Also you could start networking / looking for alumni.

I'm no expert but perhaps you could do a masters again (or maybe a PHD I don't know) at a respectable uni to rebrand yourself? I am not sure if you can do that (two masters), but the universities you went to are big time nontargets, and you stand zero chance for FO roles as for the moment.

Your primary concern is landing interviews, setting your foot into the door: in order to do that, either you should be from a target, either you should be networked, or either should have relevant work exp in addition to the things which boost your CV (projects you took on, any leadership, etc.) -

from that part, it will all be up to you - whether you can ace your interviews, and then ace your internship.
So basically what you're saying is that I should get as much summer internships in small boutique firms under my belt as possible before applying for the big IBs?
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Szmessh
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(Original post by Graduate_1990)
So basically what you're saying is that I should get as much summer internships in small boutique firms under my belt as possible before applying for the big IBs?
Pretty much yeah. But again, Im no expert. And focus on getting your CV in the right shape.

Mergersandinquistions website and WSO can help you a lot. Good luck!
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Graduate_1990
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(Original post by Szmessh)
Pretty much yeah. But again, Im no expert. And focus on getting your CV in the right shape.

Mergersandinquistions website and WSO can help you a lot. Good luck!
Hey its been a while....anyway, yeah I use M&I a lot for helps/tips. its been very useful so far. Since I last posted I completed a 2 month corporate finance internship at a boutique and have 2 more internships lined up. I have also networked and built quite a good relationship with an MD at a BB Bank..so hopefully that helps.
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gr8wizard10
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Very little chance I'm afraid. You really need to have gone to the target/semi-target universities.
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(Original post by Graduate_1990)
Hey its been a while....anyway, yeah I use M&I a lot for helps/tips. its been very useful so far. Since I last posted I completed a 2 month corporate finance internship at a boutique and have 2 more internships lined up. I have also networked and built quite a good relationship with an MD at a BB Bank..so hopefully that helps.
Way to go man, just keep networking and build more contacts than just one and you may be standing well for first round interviews. Reach out to alumni as well, if theres any.

Still, it's going to be an uphill battle though, but I think it's doable.
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Commercial Paper
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(Original post by Graduate_1990)
Hey its been a while....anyway, yeah I use M&I a lot for helps/tips. its been very useful so far. Since I last posted I completed a 2 month corporate finance internship at a boutique and have 2 more internships lined up. I have also networked and built quite a good relationship with an MD at a BB Bank..so hopefully that helps.
Off on a tanget but when you are successful, let us know. It'll be interesting to hear your story.

I think you couldn't be in a worse situation personally but with the determination and effort you seem to be putting in, I think you can make it and turn it around. Just play the game right. Good luck!

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Graduate_1990
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Thanks everyone for the support, I really appreciate it. The third internship (2 Months) that I have lined up is in a reputable boutique in the city. The MD I spoke to said that he knows two of its founding members very well, and he gave me their details. So that's definitely a plus. Further, given the fact that this firm specialises in the same industry as the one the MD works in, he recommended that I try everything within my capacity to extend this internship and gain some solid experience. In which case, he said I stand a realistic chance of succeeding when I eventually apply (through him) for off-cycle / analyst positions in his division. Well that's my plan for the next 4/5 months, I'll keep everyone updated. wish me luck, I'll definitely need it.
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(Original post by Graduate_1990)
Thanks everyone for the support, I really appreciate it. The third internship (2 Months) that I have lined up is in a reputable boutique in the city. The MD I spoke to said that he knows two of its founding members very well, and he gave me their details. So that's definitely a plus. Further, given the fact that this firm specialises in the same industry as the one the MD works in, he recommended that I try everything within my capacity to extend this internship and gain some solid experience. In which case, he said I stand a realistic chance of succeeding when I eventually apply (through him) for off-cycle / analyst positions in his division. Well that's my plan for the next 4/5 months, I'll keep everyone updated. wish me luck, I'll definitely need it.
Hello!

I'm currently in the midst of sending off applications for IBD M&A and would REALLY love your input (I am willing to compensate you for it to show how valuable your input would be). I'm currently at the LSE and need help with how to network yourself up to the MDs to get them to help you, rather than just talking to every recruiter asking basic questions.

Please PM me as soon as possible as networking events are quite close.


THANK YOU!
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