TheAgyeiman
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#41
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#41
(Original post by Princepieman)
Notts

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Thanks I'll take this into account why do you recommend Notts over Manchester?
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username738914
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#42
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#42
(Original post by TheAgyeiman)
Thanks I'll take this into account why do you recommend Notts over Manchester?
- Better finance society
- It's a semi-target university
- Campus is beautiful
- Study abroad opportunities
- More people from Notts make it into FO IB than Manchester
- Beautiful people

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username738914
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#43
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#43
(Original post by BruhBru)
These are the roles I was talking about,
- Analyst
- Associate
- Vice President (Also called Associate Director in some banks)
- Director
- Managing Director.

I only asked here because when I look elsewhere I don't always get the information I wanted, but you seem to be really knowledgeable about the subject.
For Analysts:
http://www.allaboutcareers.com/featu...t-salary-index - adjust the base by £5k at each tier because they've gone up since 2012.

Associates start off at: £70-75k base + 80-100% bonus + £20k signing bonus

The values start to become unpredictable after the VP level, expect mid six figs (VPs) then all the way up to low 7 figs for MDs.

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seasoned_veteran
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#44
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(Original post by Princepieman)
For Analysts:
http://www.allaboutcareers.com/featu...t-salary-index - adjust the base by £5k at each tier because they've gone up since 2012.

Associates start off at: £70-75k base + 80-100% bonus + £20k signing bonus

The values start to become unpredictable after the VP level, expect mid six figs (VPs) then all the way up to low 7 figs for MDs.

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Only speaking from a S+T perspective here,

VPs - 90-130k basic bonus is really hard to predict, depends on desk/product/if your sales/trading/research

Director - 130-160k basics

MD - 200k+ basics - again this depends as some MDs are executive Directors and so forth, but its usually around this figure, 250k.
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BruhBru
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#45
(Original post by Princepieman)
For Analysts:
http://www.allaboutcareers.com/featu...t-salary-index - adjust the base by £5k at each tier because they've gone up since 2012.

Associates start off at: £70-75k base + 80-100% bonus + £20k signing bonus

The values start to become unpredictable after the VP level, expect mid six figs (VPs) then all the way up to low 7 figs for MDs.

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Thanks, if you don't mind answering, what sort of hours have you worked in your career? Say when you started as an Analyst and how they have changed as you have climbed the ladder.
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username738914
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#46
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#46
(Original post by BruhBru)
Thanks, if you don't mind answering, what sort of hours have you worked in your career? Say when you started as an Analyst and how they have changed as you have climbed the ladder.
You should be asking the above poster about this(he's worked through the ranks), as I haven't started my job yet.

For IBD:
Analysts pull 80 hours a week on average (spikes of up to 100, troughs of about 70), that decreases to about 65 - 75 as an Associate (with spikes of 90), then 60 - 65 as a VP, then about 55 - 60 as an MD.

S&T is more uniformly 60 hours throughout (maybe a bit less at the VP to MD level).


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seasoned_veteran
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#47
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#47
(Original post by Princepieman)
You should be asking the above poster about this(he's worked through the ranks), as I haven't started my job yet.

For IBD:
Analysts pull 80 hours a week on average (spikes of up to 100, troughs of about 70), that decreases to about 65 - 75 as an Associate (with spikes of 90), then 60 - 65 as a VP, then about 55 - 60 as an MD.

S&T is more uniformly 60 hours throughout (maybe a bit less at the VP to MD level).


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Ha, you know I first used this forum in 2008 when I was an intern/grad - think the predecessor was a forum called Nicube and there was WikiJobs too - but this forum was fantastic - and I've been on my gardening leave, bored and wondered if this forum still existed and loved to see it was and people passing around info - reminded me of the excitement and joy of applications/interviews, its brilliant.

But yeah S+T hours are 6.45-5.30 for sales and trading, research usually stay till 6. Capital markets will be 7-6 but if they are working on a complex deal (usually a leveraged transaction) the hours are longer, but never overnight.

The hours don't tend to change as you get senior MDs and Ds have meetings 5 onwards, traders have risk meetings (which VP and above attend) which is 5 onwards, so if anything their hours are longer.
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BruhBru
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#48
(Original post by seasoned_veteran)
Only speaking from a S+T perspective here,

VPs - 90-130k basic bonus is really hard to predict, depends on desk/product/if your sales/trading/research

Director - 130-160k basics

MD - 200k+ basics - again this depends as some MDs are executive Directors and so forth, but its usually around this figure, 250k.
Hi, what is a S+T? I tried to look it up online, but can't find out what it means.
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BruhBru
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(Original post by Princepieman)
as I haven't started my job yet.
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What? In the first post this is what is says. "First, a bit about myself. I am a VP (more on what tiers actually mean later) in a corporate finance team at a BB in London. for some more background for other UK redditors I attended St Pauls school boarding, and went to Oxford University in the very early 2000s. I have been in this industry for about 11 years, and am 32."
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Breakingbank
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#50
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(Original post by BruhBru)
What? In the first post this is what is says. "First, a bit about myself. I am a VP (more on what tiers actually mean later) in a corporate finance team at a BB in London. for some more background for other UK redditors I attended St Pauls school boarding, and went to Oxford University in the very early 2000s. I have been in this industry for about 11 years, and am 32."
And in the first few lines he says "I am going to 'repost' a solid guide"
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BruhBru
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(Original post by Breakingbank)
And in the first few lines he says "I am going to 'repost' a solid guide"
Lol, thanks. I don't know why, but I just didn't acknowledge that.
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Terry Tibbs
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#52
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#52
(Original post by TheAgyeiman)
Thanks I'll take this into account why do you recommend Notts over Manchester?
Since I go there, I'll say a bit about why Manchester might be better from my experience.

The IB society here is the largest in the uni and does regular events to help you with applications and teach you about general concepts within IB if you're not that knowledgeable about the job and what it entails.

It's a semi-target uni, I saw a post here with stats on the proportions of people from different universities in FO jobs and Manchester was somewhere at the top (above Nottingham), can't find it though unfortunately.
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username738914
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#53
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#53
(Original post by Terry Tibbs)
Since I go there, I'll say a bit about why Manchester might be better from my experience.

The IB society here is the largest in the uni and does regular events to help you with applications and teach you about general concepts within IB if you're not that knowledgeable about the job and what it entails.

It's a semi-target uni, I saw a post here with stats on the proportions of people from different universities in FO jobs and Manchester was somewhere at the top (above Nottingham), can't find it though unfortunately.
This says otherwise:
79 - Oxford (18.3%)
71 - Cambridge (16.2%)
70 - LSE (16.4%)
61 - Warwick (14.2%)
41 - UCL (9.5%)
30 - Imperial (7%)

Target universities: 81.7%

23 - Durham (5.3%)
16 - Nottingham (3.7%)
10 - Bristol (2.3%)
6 - Birmingham (1.4%)
5 - KCL (1.2%)
3 - Cass (0.7%)
3 - Bath (0.7%)

Semi-target universities: 15.4%

4 - Loughborough (0.9%)
2 - Leeds (0.5%)
2 - Exeter (0.5%)
2 - Manchester (0.5%)
2 - Surrey (0.5%)
1 - Sheffield (0.2%)

Rest: 3%

No. of SW participants: 431
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BruhBru
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Princepieman Since you have not started your job yet, what are you currently studying and where?
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username738914
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#55
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#55
(Original post by BruhBru)
Princepieman Since you have not started your job yet, what are you currently studying and where?
Will be at Warwick doing Maths and CompSci (Data Science) this October.

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BruhBru
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#56
(Original post by Princepieman)
Will be at Warwick doing Maths and CompSci (Data Science) this October.

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Wow, well done. What were your A-level grades?
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Terry Tibbs
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(Original post by Princepieman)
This says otherwise:
79 - Oxford (18.3%)
71 - Cambridge (16.2%)
70 - LSE (16.4%)
61 - Warwick (14.2%)
41 - UCL (9.5%)
30 - Imperial (7%)

Target universities: 81.7%

23 - Durham (5.3%)
16 - Nottingham (3.7%)
10 - Bristol (2.3%)
6 - Birmingham (1.4%)
5 - KCL (1.2%)
3 - Cass (0.7%)
3 - Bath (0.7%)

Semi-target universities: 15.4%

4 - Loughborough (0.9%)
2 - Leeds (0.5%)
2 - Exeter (0.5%)
2 - Manchester (0.5%)
2 - Surrey (0.5%)
1 - Sheffield (0.2%)

Rest: 3%

No. of SW participants: 431
You can can find conflicting stats for plenty of things, we're all going to pick the one that we like the look of the most and flaunt it as "the right one". As for this one, I've seen plenty that aren't at all consistent with it, don't know what the source for that is anyway. Don't get me wrong, there may very well be places that have a higher proportion from Notts, just don't want you leading someone to assume beyond all doubt that he'll have a statistical advantage going to Notts.
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username738914
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#58
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#58
(Original post by BruhBru)
Wow, well done. What were your A-level grades?
A*A*A prediction
AAAAC Scottish Higher
equiv of 3A*s and 5As at GCSE


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username738914
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#59
(Original post by Terry Tibbs)
You can can find conflicting stats for plenty of things, we're all going to pick the one that we like the look of the most and flaunt it as "the right one". As for this one, I've seen plenty that aren't at all consistent with it, don't know what the source for that is anyway. Don't get me wrong, there may very well be places that have a higher proportion from Notts, just don't want you leading someone to assume beyond all doubt that he'll have a statistical advantage going to Notts.
It's from people the 'profile books' of people who attended SWs. I.e. all BBs and the other firms.

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BruhBru
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(Original post by Princepieman)
It's from people the 'profile books' of people who attended SWs. I.e. all BBs and the other firms.

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Sorry if these are stupid questions, but what are SWs and BBs?
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