The Student Room Group
Reply 1
illumintai
Hi

I have an offer from LSE to read Management Sci.

Apparently Cass Business School's got an BSc in Investment and risk management with year in industry.

This course will basically make me an investment banker with a great job prospects in banking from Top investment banks.

Problem is I just found this out based on thier Prospectus which I more or less believe it is true. So I am seriously considering withdrawing application.


What should I do ?

http://www.cass.city.ac.uk/undergrad/courses/bscifrm/index.html


Investment Bank's look for a couple of things when they recruit. Here are some of my observations:

1). Grades: If you dont have the grades, you wont even get the interview, forget getting the job. Its the first cut-off point, and its a competitive recruitment process so whichever school you go to you have to make sure that you are among the top students in your program.

2) Extra-curricular activities: Your resume should show that you are an involved individual and that in your resume it shows that you have demonstrated leadership, teamwork. Past experience in the industry through an internship helps a lot.

3) Which school you are from matters a little bit, in that most investment banks have "target schools" - schools from which they actively recruit. Im not from the UK and I dont know Cass, but id imagine that LSE is a target school for most banks. You would be wise to go to the Careers Placement office of Cass and get hard numbers on where their graduates ended up. Where are most candidates placed "in the year in industry" during the Cass program - if its at top banks then its a great program. Its also important for you to decide which form of Investment Banking you are interested in. Id imagine the BSc in Management would prepare you more for the Corporate Finance/ M&A side of the business while a Risk management degree from Cass would be more Mathematical and prepare you more for Trading/Derivative positions. After two years in school what if you decide you dont want to do Investment Banking ? The LSE program may provide you more flexibility with other recruiters (aka the McKinsey's and GE's of this world) than an Investment and Risk Management degree.

4) If top banks do actively recruit from Cass then its important to note that it might be easier to do well there than LSE because it could be less competitive (i might be wrong on this, but from what i have heard LSE is very competitive). Banks LOVE diversity and wont have an office full of Oxbridge/LSE graduates. In this case, a good degree from Cass would be an advantage. on the other hand LSE is a recognised with international employers if you would like experience in North America/Asia.

I know I haven't really given you a clear cut answer, but given my lack of knowledge on Cass I cant really recommend one school over the other. I just wanted to give you some background on how bank's recruit, and in the end the decision will have to be yours! Again, remember if Investment Banking is your goal, grades will be of great importance, so be prepared to work hard at University, and make a few sacrifices! If you do get a banking job at the end of it all - well, be prepared to work even harder, and make even more sacrifices!!! Hope this helps. Good Luck!
Reply 2
Thanks for your help.
Reply 3
illumintai


I have an offer from LSE to read Management Sci.

Apparently Cass Business School's got an BSc in Investment and risk management with year in industry.

This course will basically make me an investment banker with a great job prospects in banking from Top investment banks.

http://www.cass.city.ac.uk/undergrad/courses/bscifrm/index.html


now ur just judging the book by its cover. Just because the name of the Degree is "BSc in Investment and risk management " doesn't mean it'll give u more chance of becoming a "Investment banker".
Reply 4
HamaL
now ur just judging the book by its cover.



Arent we all going to LSE by its reputation ???
Reply 5
It doesn't matter if you are an economics graudate or a graduate in other fields,really. Investbank banks are willing to hire a prospective person with no business background at all. Frankly speaking, if you are desperate in landing a job in those top tier firms such as Goldman,Merill, UBS et al, the key thing is to make loads of connections with the insiders and also check out if any of these banks recruit interns out from the school that you intend to attend. Do attend these events and talk to the people. Be persuasive and persistent !

If money is for you, then be prepared to make a huge tradeoff with your freedom.

Which business area do you intend do go into ? Corporate finance , M&A or trading ? I hope u have done your in-depth research.
Reply 6
illumintai
Arent we all going to LSE by its reputation ???


Nope not really. You may be, but not everyone here 'd go to lse just for its reputation.
There are so many factors which might pursuade someone to go there.
One of them could be the flexibility of the courses. For example,for ur course , BSc Management:

Options
(* half unit)

Third year courses are marked

Accounting and Finance
Managerial Accounting
Principles of Finance
Corporate Finance and Financial Markets
Financial Accounting
Auditing and Accountability
Economics and Economic History
Economics for Management
Macroeconomic Principles
Industrial Economics
Labour Economics
Comparative Economic Development: Late Industrialisation in Russia, India and Japan
The Integration of Europe's Economy, 1815-1990
British Business and Contemporary Economic Performance
Financial Markets, Investment and Economic Development in Britain, Germany and the United States after 1870
Economics of the Labour Market: Economic Analysis of Unions*
Economics of the Labour Market: Pay*
Management Science
Information Technology and Society
Information Systems in Business
Further Quantitative Methods (Mathematics)* and Statistical Models and Data Analysis or
Further Quantitative Methods (Mathematics)* and Game Theory I*
Operational Research for Management
Operational Research Methods
Model Building in Operational Research
Decision Analysis
Elementary Statistical Theory
Sample Surveys and Experiments*
Aspects of Market Research*
The International Context of Management
Europe's Institutional Order
International Institutions I
Regional Integration in Western Europe I
The Politics of International Economic Relations I
Europe and the Global Economy
The Social Analysis of Russia and the CIS
Sociology of Development
Public Policy and Legal Context of Management
European Economic Performance
Public Choice and Politics
The Politics of Economic Policy
Commercial Law or Law and Institutions of the European Union
Finance and Organisation of Human Services
Health Policy and Administration
Human Aspects of Organisations and Management
Organisational Theory and Behaviour
Human Resource Management
Sociology of Work, Management and Employment

I think thats pretty impressive. This might be a good reason for someone wanting to go to lse to do this course apart from its "reputation"
Reply 7
HamaL
Nope not really. You may be, but not everyone here 'd go to lse just for its reputation.
There are so many factors which might pursuade someone to go there.
One of them could be the flexibility of the courses. For example,for ur course , BSc Management:

Options
(* half unit)

Third year courses are marked †

Accounting and Finance
Managerial Accounting
Principles of Finance
Corporate Finance and Financial Markets †
Financial Accounting †
Auditing and Accountability †
Economics and Economic History
Economics for Management
Macroeconomic Principles †
Industrial Economics †
Labour Economics †
Comparative Economic Development: Late Industrialisation in Russia, India and Japan
The Integration of Europe's Economy, 1815-1990
British Business and Contemporary Economic Performance
Financial Markets, Investment and Economic Development in Britain, Germany and the United States after 1870 †
Economics of the Labour Market: Economic Analysis of Unions*
Economics of the Labour Market: Pay*
Management Science
Information Technology and Society
Information Systems in Business
Further Quantitative Methods (Mathematics)* and Statistical Models and Data Analysis or
Further Quantitative Methods (Mathematics)* and Game Theory I*
Operational Research for Management
Operational Research Methods
Model Building in Operational Research
Decision Analysis
Elementary Statistical Theory
Sample Surveys and Experiments*
Aspects of Market Research*
The International Context of Management
Europe's Institutional Order
International Institutions I
Regional Integration in Western Europe I
The Politics of International Economic Relations I
Europe and the Global Economy
The Social Analysis of Russia and the CIS
Sociology of Development
Public Policy and Legal Context of Management
European Economic Performance
Public Choice and Politics
The Politics of Economic Policy
Commercial Law or Law and Institutions of the European Union
Finance and Organisation of Human Services
Health Policy and Administration
Human Aspects of Organisations and Management
Organisational Theory and Behaviour
Human Resource Management
Sociology of Work, Management and Employment

I think thats pretty impressive. This might be a good reason for someone wanting to go to lse to do this course apart from its "reputation"


um.. actually that is my point. LSE's reputation isnt from nowhere. I cant agree more.

I am just not judging by its book cover. Prospectus is much more than a book cover.
Reply 8
I have just lost a long long reply because my computer crashed... and I dont have time to write it all again.

I have just (well, one exam left) finished a degree (IFRM) at Cass (I will be working at JP Morgan as a trader from this August)... send me an email and I can discuss everything further ([email protected]).

2 quick things though:
1) look at http://www.bris.ac.uk/Depts/Union/EconSoc/careers/investment.htm for the adive of guru Peter Harrison on the subject of landing jobs

2) Why not do both Cass and LSE (via LSE external), chech out http://www.londonexternal.ac.uk/undergraduate/bankfinance/index.shtml
HamaL
Nope not really. You may be, but not everyone here 'd go to lse just for its reputation.
There are so many factors which might pursuade someone to go there.
One of them could be the flexibility of the courses. For example,for ur course , BSc Management:

Options
(* half unit)

Third year courses are marked

Accounting and Finance
Managerial Accounting
Principles of Finance
Corporate Finance and Financial Markets
Financial Accounting
Auditing and Accountability
Economics and Economic History
Economics for Management
Macroeconomic Principles
Industrial Economics
Labour Economics
Comparative Economic Development: Late Industrialisation in Russia, India and Japan
The Integration of Europe's Economy, 1815-1990
British Business and Contemporary Economic Performance
Financial Markets, Investment and Economic Development in Britain, Germany and the United States after 1870
Economics of the Labour Market: Economic Analysis of Unions*
Economics of the Labour Market: Pay*
Management Science
Information Technology and Society
Information Systems in Business
Further Quantitative Methods (Mathematics)* and Statistical Models and Data Analysis or
Further Quantitative Methods (Mathematics)* and Game Theory I*
Operational Research for Management
Operational Research Methods
Model Building in Operational Research
Decision Analysis
Elementary Statistical Theory
Sample Surveys and Experiments*
Aspects of Market Research*
The International Context of Management
Europe's Institutional Order
International Institutions I
Regional Integration in Western Europe I
The Politics of International Economic Relations I
Europe and the Global Economy
The Social Analysis of Russia and the CIS
Sociology of Development
Public Policy and Legal Context of Management
European Economic Performance
Public Choice and Politics
The Politics of Economic Policy
Commercial Law or Law and Institutions of the European Union
Finance and Organisation of Human Services
Health Policy and Administration
Human Aspects of Organisations and Management
Organisational Theory and Behaviour
Human Resource Management
Sociology of Work, Management and Employment

I think thats pretty impressive. This might be a good reason for someone wanting to go to lse to do this course apart from its "reputation"


So 'reputation' is beneath your notice, you look down on all that sort of thing, I mean who needs 'reputation', surely all that matters is having lots of syllabus options and a nice social life in your three years at Nowhere Poly..
Reply 10
You're going for a degree that assures you of a well-paid job rather than what you enjoy (because they are quite different degrees really) which is always dangerous because it means that you aren't passionate about what you are studying - and as a consequence won't get the class degree that you would otherwise be capable of getting, and so hinder any chances of becoming an investment banker. Go for the degree programme that you think you will enjoy the most, not provide you more chance of earning more money - because the recruitment peeps at IB's will smell it a mile off (at firms such as GS, they seriously are the shrewdest and streetwise people you will ever meet), and be put off by someone that is purely looking into it for the money, and not the buzz/excitement/passion for IB.
Reply 11
oioisaveloy
I have just lost a long long reply because my computer crashed... and I dont have time to write it all again.

I have just (well, one exam left) finished a degree (IFRM) at Cass (I will be working at JP Morgan as a trader from this August)... send me an email and I can discuss everything further ([email protected]).

2 quick things though:
1) look at http://www.bris.ac.uk/Depts/Union/EconSoc/careers/investment.htm for the adive of guru Peter Harrison on the subject of landing jobs

2) Why not do both Cass and LSE (via LSE external), chech out http://www.londonexternal.ac.uk/undergraduate/bankfinance/index.shtml


Thanks.

Can you tell me more about the course, stuffs that I cant read on the prospectus.

Do most people really get into IB from this course ?

And where are most candidates placed "in the year in industry" during the 4 year degree ?