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Brown Patrick Bateman
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#81
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#81
(Original post by shiny)
Everything you do is superior.
Everything you can do I can do better...

(Cue: NO YOU CAN'T!)
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Acaila
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#82
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Of course it is.

EDIT: shiny can do anything better than you!
(cos he's superhero)
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LH
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#83
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So are you almost certain of a job in an IB Jools or is it still unsure?
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Brown Patrick Bateman
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#84
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#84
(Original post by Lord Huntroyde)
So are you almost certain of a job in an IB Jools or is it still unsure?
Yeah, I'm liking it here, I like the lifestyle and the work. But even with this experience I'm still not guaranteed a graduate offer in IB - there's an exponentially increasing influx of amazing foreign students at the top IBs. For ML and Citigroup they're by far in the majority.
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BazTheMoney
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#85
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(Original post by mobbdeeprob)
I wouldn't say so really - there are a lot more 'jobbing academics' than academics rolling in dough from producing books. Most academic books will produce negligible revenue for their author anyway.

Having said that, academia has paid for the life that I enjoy and it's quite good.

The starting salaries in academia are generally crap. Several institutions, initially, will only offer lecturers rolling contracts; so job security isn't great.

Once you reach the rank of Senior Lecturer - the opportunities for paid travel to attend conferences and seminars are immense though and job security is pretty much assured.

£40,000 for Senior Lecturers is tolerable.
It's not really about the money. If I wanted money I would of gone back to GS for a graduate job, but I don't. Honestly I wouldn't know what to do with £100,000pa anyway, so it doesn't bother me. Academia is about personal satisfaction, and I would get more satisfaction doing what I enjoy and possible teaching people, than I would being a pen pusher working 7am-12am 5 days a week.
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Dajo123
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#86
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#86
(Original post by Jools)
Yeah, I'm liking it here, I like the lifestyle and the work. But even with this experience I'm still not guaranteed a graduate offer in IB - there's an exponentially increasing influx of amazing foreign students at the top IBs. For ML and Citigroup they're by far in the majority.
I’m aiming for a career in law but have always been intrigued by IB (largely due to my idea of what it entails) So, can i ask you what exactly an IB does on a day 2 day basis? (generally)
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shiny
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#87
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(Original post by BazTheMoney)
It's not really about the money. If I wanted money I would of gone back to GS for a graduate job, but I don't. Honestly I wouldn't know what to do with £100,000pa anyway, so it doesn't bother me. Academia is about personal satisfaction, and I would get more satisfaction doing what I enjoy and possible teaching people, than I would being a pen pusher working 7am-12pm 5 days a week.
* Hail Baz! *
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Brown Patrick Bateman
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#88
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(Original post by Dajo123)
So, can i ask you what exactly an IB does on a day 2 day basis? (generally)
Depends what business unit you're in. You could be working on mergers/acquisitions (takeover bids etc), trading equities (shares), managing client portfolios, operations (all the behind-the-scenes essential stuff such as processing transactions), creating presentations for clients showing why your IB offers the best products, economic analysis, etc.
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BazTheMoney
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#89
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(Original post by Jools)
Slightly more than that with PhDs! I mean its not difficult to "get into", i.e. there's not fierce competition. If you want to work hard and get a 1st/2.1 then PhD the door's wideopen.
It was completely random figure, I couldn't care less how many people have PhDs.

The reason there little competition is because not many people can do it. I think you're underestimating PhDs, I got a First and the Cambridge Mphil looks hard enough, I hate to see what the PhD is like; working in an IB seems far easier.
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Dajo123
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#90
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(Original post by Jools)
Depends what business unit you're in. You could be working on mergers/acquisitions (takeover bids etc), trading equities (shares), managing client portfolios, operations (all the behind-the-scenes essential stuff such as processing transactions), creating presentations for clients showing why your IB offers the best products, economic analysis, etc.
Ah, ok. So excellent maths is not necessarily a prerequisite?
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Brown Patrick Bateman
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#91
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(Original post by Dajo123)
Ah, ok. So excellent maths is not necessarily a prerequisite?
For quantitative analysis they may have people with Maths/Physics PhDs, but for the rest of an IB a Grade A at A-Level's what you typically need. I've been doing graphical analysis today, pretty much A-Level standard stuff.
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Dajo123
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#92
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(Original post by Jools)
For quantitative analysis they may have people with Maths/Physics PhDs, but for the rest of an IB a Grade A at A-Level's what you typically need. I've been doing graphical analysis today, pretty much A-Level standard stuff.
Ok, thanx
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username9816
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#93
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I know this sounds stupid, but what is an IB? I was thinking of working in the city after completing my Physics degree, I don't want to go into academia, cetainly, and probably not research either.

Does it matter what degree you do? Because Jools was saying how there is a wide spread of people having different types of degrees, some history, some geoegraphy, some Maths, physics, etc.

I hope to do something quantative/numerical or even computer related, considering I'll be doing Physics, maybe even financial.

May go into research, but less likely.
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Brown Patrick Bateman
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#94
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#94
Investment Bank(ing)
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ThornsnRoses
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#95
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I dont think you can have just one factor that would influence you, its more a combination. But it cant be worse than school.

btw bono...IB is investment banker
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Brown Patrick Bateman
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#96
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(Original post by Invisible)
Does it matter what degree you do? Because Jools was saying how there is a wide spread of people having different types of degrees, some history, some geoegraphy, some Maths, physics, etc.
No, this is the opposite of what I said! 44 people here - 41 doing Economics/Maths, 1 lawyer (specialising in M&A), 1 historian who's going to do a Masters in Econ and me. It's similar elsewhere. But you're fine if you're doing Physics/Chemistry as you'll have the quant skills they're looking for. Its just non-relevant arts subjects (Classics, History, Philosophy, Geography, English) where you're going to see less proportions accepted every year.
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Dajo123
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#97
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#97
(Original post by Jools)
No, this is the opposite of what I said! 44 people here - 41 doing Economics/Maths, 1 lawyer (specialising in M&A), 1 historian who's going to do a Masters in Econ and me. It's similar elsewhere. But you're fine if you're doing Physics/Chemistry as you'll have the quant skills they're looking for. Its just non-relevant arts subjects (Classics, History, Philosophy, Geography, English) where you're going to see less proportions accepted every year.
Just out of curiosity what type of universities are the other interns from?
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Brown Patrick Bateman
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#98
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Oxford, LSE, Cambridge, Nottingham are the big ones here.
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Dajo123
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#99
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#99
(Original post by Jools)
Oxford, LSE, Cambridge, Nottingham are the big ones here.
Just as i expected. Thanx, i can’t wait to do my vacation placements, good luck Jools.
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LH
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#100
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#100
(Original post by BazTheMoney)
It's not really about the money. If I wanted money I would of gone back to GS for a graduate job, but I don't. Honestly I wouldn't know what to do with £100,000pa anyway, so it doesn't bother me. Academia is about personal satisfaction, and I would get more satisfaction doing what I enjoy and possible teaching people, than I would being a pen pusher working 7am-12pm 5 days a week.
I agree in essence, but you come from a more well-off background so maybe earning money isn't as big an issue with you as it is for some of us.
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