Which are the &#x27;2nd tier&#x27; Investment Banks

the competitiveness is marginally lower. Although some options I would suggest are BNP Paribas, Soc Gen, ABN Amro, Dresdner, Bear, Nomura, then on the border you have CS, BarCap, and Roths (although I'm sure everyone will argue vehemently with this by saying "Dude, how can you put X bank on this list, you know it's number one for Y product in Europe, number frigging one!'

Reply 2

TommyS

from an applications perspective am i right in thinking that société générale require fluency in french from applicants?

Reply 3

andy_1989

Judging by the name, yes.

Reply 4

davephil

Samoan

I know that on this forum the majority of interest is in BB Goldman, Deutsche, Lehman etc

However, Im sure Im not alone in being really interested in Investment banking but without the LSE/Oxbridge degree I dont want to waste too much time applying for positions that are very likely to be out of my reach, and as applications seem to take me 2-3 days each minimum I could really do with limiting the number of 'hail mary' applications I make. QUOTE]

The impression I got from careers fairs was that even amongst the 2nd tier IBs, Ox/Cam/LSE/UCL/Imp/Warwick graduates dominated the FO positions. Having said that I've met FO analysts not from the 6 unis mentioned above. Just apply, even to BBs what have you got to lose?

Reply 5

fuglyduckling

2

Much of a muchness - just do lots of apps if you aren't Mr Confident.

Reply 6

rob325114

Pretty sure I read on one of the Nomura profiles that a girl with a degree in English from Nottingham Trent got into Global Markets. Not saying it would be easy... just not impossible.

Reply 7

rob325114

Pretty sure I read on one of the Nomura profiles that a girl with a degree in English from Nottingham Trent got into Global Markets. Not saying it would be easy... just not impossible.

Interesting, but I'm sure that's very much an anomaly.

Reply 8

unknown demon

15

If you get to an interview its your chance to shine, its getting to that interview which is the hard part.

Reply 9

I thought getting a first round interview was easy enough, but getting to the final round and beyond is the most difficult.

Reply 10

rob325114

loggins

Interesting, but I'm sure that's very much an anomaly.

Oh yea, I have no doubt that it is. Any graduate outside of the top ten for BB, or top twenty for 2nd tier, is an anomaly in IB. But needless to say, that doesn't mean outstanding graduates with the right EC's (and probably the right contacts) can't get a good job in FO at a second tier. It just makes it a bit harder. I am at a uni thats sits on the top twenty line, depending what league table you use and I've managed to get one internship interview so far... admittedly though, I seem to have been autofiltered from one or two.

Reply 11

Kentish Man

loggins

I thought getting a first round interview was easy enough, but getting to the final round and beyond is the most difficult.

About 70-80% of applicants are cut before the first round. So, IMO, you thought wrong.

Reply 12

ba_ba1

10

Kentish Man

About 70-80% of applicants are cut before the first round. So, IMO, you thought wrong.

really? i thought it was about 50% and most of those are the people who either fail the numerical test or arent good enough academically.

Reply 13

ammarb87

Random question guys but do you think it would be easier to get an internship at an IB in other places like dubai than compared to London? Would they like the idea of 'relocation?'

Reply 14

N9ne

Kentish Man

About 70-80% of applicants are cut before the first round. So, IMO, you thought wrong.

However, the average quality of applicants you are up against at the interview stage is higher.

ammarb87: They're going to question quite heavily what your motive for applying abroad is. It has many impracticalities. If it's just because "it's easier", they'll see right through that. Furthermore, I'm not sure what kind of internships they offer in Dubai.

Reply 15

ammarb87

Well merrill lynch offers some internships but not in the IB sector .. i think tis the Global Wealth Managerment!

Reply 16

Kentish Man

About 70-80% of applicants are cut before the first round. So, IMO, you thought wrong.

Fair enough point (70-80 sounds pretty high, where did you get that figure?) However, how many applicants before the first round interviews are actually serious contenders? That's why I thought getting to the first round would be easy enough for a good candidate.

Reply 17

Kentish Man

loggins

Fair enough point (70-80 sounds pretty high, where did you get that figure?) However, how many applicants before the first round interviews are actually serious contenders? That's why I thought getting to the first round would be easy enough for a good candidate.

Figure was from a BB recruiter. She also said they try to have 6:1 for first interview stage and 3:1 for AC.

Reply 18

Kentish Man

Figure was from a BB recruiter. She also said they try to have 6:1 for first interview stage and 3:1 for AC.

Very interesting. Even so, if 80% (at most) are filtered out before the 1st round interviews, then that's still 5:1, which makes getting a first round interview slightly easier than making it past first round (6:1) -especially since the first round interviewees will be serious contenders for the most part.

Reply 19

Kentish Man