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JrW
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#241
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#241
That's what my English teacher so wisely told me. He said, 'the most important experience for anything in life, such as a job, is a 'real life' experience, not just academic brilliance, but your life experience as a person. Without these, who are you?'
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mahras
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#242
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#242
Your english teacher is very wise .
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TheWolf
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#243
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#243
http://www.thestudentroom.co.uk/show...9&postcount=45
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RayOfHope
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#244
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#244
Is there anything specific that I could do in order to improve my chances of getting a job in IB??
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JrW
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#245
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#245
Do as many extra-currics as you can, as well as getting as good class a degree you can
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Brown Patrick Bateman
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#246
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#246
(Original post by ornela)
Is there anything specific that I could do in order to improve my chances of getting a job in IB??
If you're going to be doing Economics at UCL, and know before you've started your course you want to go into IB, I don't think you're going to have any problems
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RayOfHope
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#247
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#247
So I'm guessing that going to UCL is a very big advantage then!
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Madinina
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#248
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#248
I'm going to take UCL as my firm and warwick as an insurance
but is it the right choice as I wish to enter IB after
my other potentiel first choices are:
York econ and maths
Notts econ and maths
UCL Maths with econ
cheers!
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jOnNy BoRrEll
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#249
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#249
I would wait for LSE if i were you. My rating for your unis (For IB):

1. LSE
2. UCL
3. Warwick
4. Nottingham
5. York

Non of the unis specialise in Finance meaning reputation of the univeristy will play heavily on whether or not you get a decent IB job.
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TheWolf
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#250
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#250
What is the average rate of increase in e.g. the FTSE-100 index? I have been thinking of investing in an index tracker for a while, but I've always thought that it's rate of increase is not much more than a high interest rate account.
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jOnNy BoRrEll
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#251
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#251
Soz dunno the figures. But if i were you and wanted to invest in a tracker fund i would do some research (short-mid term) 6-12 months get a feel of the market and the way its moving through say the economist or investment suppliments. I wouldn't do index tracker because of the rate of return. The best would be to compile your own tracker of a handful of listed companies. I was told this by an FA(financial advisor) when i was working in a bank. Obviously this was meeting my requirements of a slightly risky fund. It depends what your after, Guarenteed returns or risk?

The footsie is on a roll atm going past 5000 mark and because 5000 is such a milestone taking into consideration of economics conditions (housing, pensions etc.) its very hard to determine the footsie's next direction.
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TheWolf
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#252
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#252
If i compile a list of companies, would it cost me alot of commission?
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jOnNy BoRrEll
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#253
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#253
thats what i was thinking. problem is i never got round to sitting down with the FA after work so never started investing in a tracker fund. But all i can tell you is that i've seen the performances of the tracker funds which have been complied at the bank and they outperform the index by at least 20% in rate of return. Providing you pick a good set of companies or choose a good pre-set fund you will make quite a bit. Try having a look at some of the tables for tracker fund performance online(google).

Dunno about the costs tho. soz.
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TheWolf
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#254
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#254
Cool. What kind of career path do you want to head towards?
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jOnNy BoRrEll
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#255
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#255
IB preferably, this will (hopefully) show in my performance in our share trading game
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mahras
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#256
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#256
Heh I joined bullbearing but I see I can only trade UK shares and I have no idea about companies in the UK . Good luck to you guys!
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TheWolf
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#257
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#257
Mahras,FOREX trading sounds so good -24 hours a day, 5.5 days a week, but how do you sleep? :cool: What is FOREX trading like as a career? How competitive is it? I don't know much about FOREX trading, but from what I have heard, it isn't a safe/steady career path? My economics teacher did FOREX trading for a year or so, but he quit his job after a year or so cus he found it very stressful. He said it was like having his birthday everyday lol. Last thing, why can FOREX trading bring such big returns? Do exchange rates fluctuate alot in a short space of time?
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mahras
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#258
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#258
LoL at the math teacher stress part. Trading is LIKE THAT. Stress is part of trading. And yes my mentor acts like its his birthday everyday.

Exchange rates fluctuations day to day probably wont affect you much. However it is LEVERAGED. Leverage is the key to forex trading. Okay say you are a cable trader. You go long on GBPUSD (GBP will buy more USD) at 1.8850 and exit at 1.8890. Thats a .0040 differece or as we say it 40 pips/tics. Now the minimum position you can take in forex is a 10000 currency unit position. Basically you would buy a 10000 pounds against the dollar. Thus 1 pip/tic would be 1 buck. So that 40 pips is 40 bucks. Most of the big boy traders put in 10lot trades (1 million) thus 1 pip is 100 bucks. Some even go a lot more (top ibank traders) may place 100 lot order (10 million) where 1 pip would be 1000 dollars. So you can see how much it can amout to. Most people with a 2.5K to 5K account take 1 lot position (100000) thus if you made 40 pips you would be up 400 bucks for the day. The most successful traders average 100-200+ pips a day with high leverage. Thus the sky is the limit in trading. You really need to have a passion for this stuff to do well in it. It has to come to you.
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mahras
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#259
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#259
BTW most trades last only a hour or two. So you have plenty of time for sleep and play .
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TheWolf
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#260
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(Original post by mahras)
BTW most trades last only a hour or two. So you have plenty of time for sleep and play .
What else do you do after the hour/two of trading? :cool:
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