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Have I got any chance of getting into Investment Banking? watch

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    I know very little about investment banking, I've only just started to look into it. Mainly because of the salary. My A level results are AAAA and I chose to go to Queen's Uni Belfast rather than one of the top ones, purely because it was local.
    I'm studying physics but hadn't thought much about job prospects until now.

    I know how competitive it is to get into IB, with all the Oxbridge grads etc, so is there really any chance of a Queen's graduate getting into it?
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    yeah b
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    if your determined and are willing to show this you can. all depends on your mentality and passion. It can be said that these top tier firms hire 70% of their graduates and interns from target universities (oxford, Cambridge, ucl, imperial etc) but this statistic I say is made to be broken.
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    (Original post by pigort)
    I know very little about investment banking, I've only just started to look into it. Mainly because of the salary. My A level results are AAAA and I chose to go to Queen's Uni Belfast rather than one of the top ones, purely because it was local.
    I'm studying physics but hadn't thought much about job prospects until now.

    I know how competitive it is to get into IB, with all the Oxbridge grads etc, so is there really any chance of a Queen's graduate getting into it?
    I was like you but then I figured out that I could do a lot more with my degree and time

    Of course there is, networking and going to events and getting to know people is the key, as well as a well rounded profile. Check if you have a financial or IB society or something similar at uni.
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    (Original post by pigort)
    I know very little about investment banking, I've only just started to look into it. Mainly because of the salary. My A level results are AAAA and I chose to go to Queen's Uni Belfast rather than one of the top ones, purely because it was local.
    I'm studying physics but hadn't thought much about job prospects until now.

    I know how competitive it is to get into IB, with all the Oxbridge grads etc, so is there really any chance of a Queen's graduate getting into it?
    First of all, motivation for the salary alone will not get you through the interview process.. You have to at least be somewhat interested in the field and be able to convincingly sell this interest in a series of high octane interviews. If the 'money' is your sole driver, you won't be able to get through the process nor will you be able to survive the pressures of the job.

    Anything is possible, but just know that you'll be playing second fiddle to target/semi-target applicants (comprising 93%+ of UK intakes for FO). So you better be exceptional; either in experience, grades, leadership qualities or a combo of both. I'm not going to lie to you and say 'it'll be fine' because it might not but if you work hard and network with bankers in the industry I don't see why you can't take a stab at it.

    Regardless, your uni is a small aspect of your application and can be outweighed by the factors I outlined above. I'd advise also applying to some middle office/back office (risk, control etc) and big4 audit schemes as back ups when the time comes.

    Good luck.

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    (Original post by TheBBQ)
    I was like you but then I figured out that I could do a lot more with my degree and time
    Oh?
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    (Original post by Princepieman)
    First of all, motivation for the salary alone will not get you through the interview process.. You have to at least be somewhat interested in the field and be able to convincingly sell this interest in a series of high octane interviews. If the 'money' is your sole driver, you won't be able to get through the process nor will you be able yo survive the pressures of the job.

    Anything is possible, but just know that you'll be playing second fiddle to target/semi-target applicants (comprising 93%+ of UK intakes for FO). So you better be exceptional; either in experience, grades, leadership qualities or a combo of both. I'm not going to lie to you and say 'it'll be fine' because it might not but if you work hard and network with bankers in the industry I don't see why you can't take a stab at it.

    Regardless, your uni is a small aspect of your application and can be outweighed by the factors I outlined above. I'd advise also applying to some middle office/back office (risk, control etc) and big4 audit schemes as back ups when the time comes.

    Good luck.

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    Whats an audit?
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    (Original post by BizzStrut)
    Oh?
    I found other areas within investment banks and other firms that make better use of my mathematical background and skills, and don't have 70+ hour weeks .

    Money isn't everything, read more and look into many careers before deciding which one you want to do. But prince's advice is spot on
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    (Original post by Youngmetro)
    Whats an audit?
    Say you're a big honcho at a banana picking plant - you're supposed to be shipping 400 bananas in production a year. I, an auditor, will come and verify that you have actually produced those 400 and that you've reported that production according to monkey-state legislation
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    (Original post by Princepieman)
    Say you're a big honcho at a banana picking plant - you're supposed to be shipping 400 bananas in production a year. I, an auditor, will come and verify that you have actually produced those 400 and that you've reported that production according to monkey-state legislation
    ahh right, seems quite straight forward, why is it so prestigious?
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    (Original post by Youngmetro)
    ahh right, seems quite straight forward, why is it so prestigious?
    Amplify those 400 bananas by 200,000x, throw in multiple plants across the globe with different reporting procedures, toss in some juicy cross-border regulation issues, a mound of excess capital and assets and you start to get a sense of the scale.

    Big4 Audit isn't normally 'prestigious' relative to high finance, but it is a great breeding ground for other roles in accounting, finance or even a track to making decent dough as a partner.

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    (Original post by Princepieman)
    Amplify those 400 bananas by 200,000x, throw in multiple plants across the globe with different reporting procedures, toss in some juicy cross-border regulation issues, a mound of excess capital and assets and you start to get a sense of the scale.

    Big4 Audit isn't normally 'prestigious' relative to high finance anyway, but it is a great breeding ground for other roles in accounting, finance or even a track to making decent dough as a partner.

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    analogy master level 99
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    (Original post by Princepieman)
    Amplify those 400 bananas by 200,000x, throw in multiple plants across the globe with different reporting procedures, toss in some juicy cross-border regulation issues, a mound of excess capital and assets and you start to get a sense of the scale.

    Big4 Audit isn't normally 'prestigious' relative to high finance anyway, but it is a great breeding ground for other roles in accounting, finance or even a track to making decent dough as a partner.

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    Right right lol, seems interesting enough thanks
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    (Original post by Youngmetro)
    ahh right, seems quite straight forward, why is it so prestigious?
    It's not
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    (Original post by Princepieman)
    Amplify those 400 bananas by 200,000x, throw in multiple plants across the globe with different reporting procedures, toss in some juicy cross-border regulation issues, a mound of excess capital and assets and you start to get a sense of the scale.

    Big4 Audit isn't normally 'prestigious' relative to high finance, but it is a great breeding ground for other roles in accounting, finance or even a track to making decent dough as a partner.

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    How viable is big4 audit as a back up for a competent candidate from a target?
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    (Original post by Oilfreak1)
    How viable is big4 audit as a back up for a competent candidate from a target?
    Pretty viable, the big4 recruit something crazy like 1-2k+ grads EACH a year.. It's still 'competitive' in the sense that a lot of people apply but I don't think a target uni candidate would have any qualms

    Obviously it depends whether you want to do IBD or markets because arguably a markets focused individual would apply across all banks with markets divisions, asset managers, and prop trading firms.

    Whereas IBD gunners would apply across all BBs, EBs, MM firms, get on the Big4 Audit then CorpFin before lateraling to an actual IB path or cut away the Audit part by getting into Big4 CorpFin straightaway (less likely).

    In reality, not getting an IBD gig straight out of uni isn't the end of the world.

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    (Original post by Princepieman)
    First of all, motivation for the salary alone will not get you through the interview process.. You have to at least be somewhat interested in the field and be able to convincingly sell this interest in a series of high octane interviews. If the 'money' is your sole driver, you won't be able to get through the process

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    No one cares about your passion for finance, theyll pretend to care but they really don't. If you've worked in IB you should know this already lol.
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    (Original post by GoldmanSucks)
    No one cares about your passion for finance, theyll pretend to care but they really don't. If you've worked in IB you should know this already lol.
    Considering your name is 'Goldmansucks' i suspect you hold some kind of grudge over it lmao
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    (Original post by lolatmaths)
    Considering your name is 'Goldmansucks' i suspect you hold some kind of grudge over it lmao
    How is your post relevant to this thread?

    And, no I don't hold no grudges.
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    Life is unpredictable and complicated

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