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If you don't go to Oxbridge or a Russel group you've wasted over £30'000 Watch

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    Spring schemes are not graduate roles.

    The OP also states some of the flaws of the data too (no European representation inflates the percentages).

    And this highlights the problem. You are talking about an exceptionally small proportion of jobs at the very high end of the market.

    Where’s the consulting evidence?
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    (Original post by Samendra)
    I wasn't talking abot Reuters, its a firm creating a new office, hired 20 this year dont kmow about figures next year
    What... do you know what Reuters is?

    You are planning on a career in IB and you don't know Reuters is a news service (specialising in financial news).... it's reporting on a pension fund, it's not the pension fund. The fund is PSP managing £70+ billion.

    (J-SP :rolleyes: )
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    (Original post by J-SP)
    Spring schemes are not graduate roles.

    And this highlights the problem. You are talking about an exceptionally small proportion of jobs at the very high end of the market.

    Where’s the consulting evidence?
    I dont really follow consulting stats, im sure you can find them if you looked, spring weeks lead to summer internships which lead to grad offers, if you knew anything about IB you wouldnt have asked that, as I said and proved it is widely accepted in both IB and consulting that your uni has an effect.
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    (Original post by Samendra)
    I dont really follow consulting stats, im sure you can find them if you looked, spring weeks lead to summer internships which lead to grad offers, if you knew anything about IB you wouldnt have asked that, as I said and proved it is widely accepted in both IB and consulting that your uni has an effect.
    This is your argument not mine, if you could substantiate what you were saying without changing definitions every post to try and fit an argument (and failing) I might take you seriously.

    But I know the evidence is not there, so why would I go and try and find something that doesn’t exist.

    And again, it is accepted in certain circles that at the top end of the IB and Consulting professions your university may have an effect, but it isn’t a determinant. For the vast majority of job in both sectors, it doesn’t have a direct effect at all. There’s more correlation than causation though.
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    (Original post by Samendra)
    I dont really follow consulting stats, im sure you can find them if you looked, spring weeks lead to summer internships which lead to grad offers, if you knew anything about IB you wouldnt have asked that, as I said and proved it is widely accepted in both IB and consulting that your uni has an effect.
    There's 32 universities on that list.

    What you also need to know is the number of universities that provided applicants. And indeed the number of applicants from those universities.

    If only 1 applicant from Reading applied then they have a 100% hit rate. Probably better than Oxbridge...

    Correlation =/= causation.

    You need the context, not just the outcome.
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    (Original post by J-SP)
    This is your argument not mine, if you could substantiate what you were saying without changing definitions every post to try and fit an argument (and failing) I might take you seriously.

    But I know the evidence is not there, so why would I go and try and find something that doesn’t exist.

    And again, it is accepted in certain circles that at the top end of the IB and Consulting professions your university may have an effect, but it isn’t a determinant.
    changing definitions? i havent changed it once, not top end IB, all of IB and ofc it isnt the be all and end all but it gets you a foot in the door. Also going in to a discussion with your mind already made up is the definition of ignorance, you provide me evidence of goldman or DB not taking in 60% from the 'top 6' and ill agree there isnt a bias
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    (Original post by Doonesbury)
    There's 32 universities on that list.

    What you also need to know is the number of universities that provided applicants. And indeed the number of applicants from those universities.

    If only 1 applicant from Reading applied then they have a 100% hit rate. Probably better than Oxbridge...

    Correlation =/= causation.

    You need the context, not just the outcome.
    Ofc agree 100%, but the reason more people apply is that BB firms advertise more on 'target' campuses which means more people apply therefore your university is a precedent to no. ppl applying
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    (Original post by GovernmentEarner)
    I agree with this. With banking/law (specifically IB's and Barristers) often Oxbridge 2.1 graduates are taken over all others with 1st class degrees.
    False.

    In two BB's they won't even know your university unless you tell them. Just course and degree (prediction).
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    (Original post by Samendra)
    changing definitions? i havent changed it once, not top end IB, all of IB and ofc it isnt the be all and end all but it gets you a foot in the door. Also going in to a discussion with your mind already made up is the definition of ignorance, you provide me evidence of goldman or DB not taking in 60% from the 'top 6' and ill agree there isnt a bias
    And did the "top 6" provide 60% of the applicants? In which case it proves nothing...
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    (Original post by Bart12345)
    False.

    In two BB's they won't even know your university unless you tell them. Just course and degree (prediction).
    your uni is on your cv?...
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    (Original post by Doonesbury)
    And did the "top 6" provide 60% of the applicants? In which case it proves nothing...
    you arent understanding banks target unis which may lead to more apps and more quality apps due to the support they provide, im not sure of then no. applicants tho if a bank as 2000 apps for 20-30 places i would place around 600-700 of those apps from 'top 6'
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    (Original post by Samendra)
    changing definitions? i havent changed it once, not top end IB, all of IB and ofc it isnt the be all and end all but it gets you a foot in the door. Also going in to a discussion with your mind already made up is the definition of ignorance, you provide me evidence of goldman or DB not taking in 60% from the 'top 6' and ill agree there isnt a bias
    Is that post supposed to be hypocritical?

    I am not closed minded. I’ll happily change my mind if you prove what you have said.

    And yes you have regularly changed from law, IB and consulting, to then just consulting, to then strategy consulting, to then MBB consulting, and when all of those failed, moved to IB.

    I’ll say it again, it’s not my point to prove, it is yours.
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    I take that view that pretty much everyone paying £9k a year is wasting their money unless they're studying a subject they absolutely love. If you just want a degree for career prospects, there are cheaper options.
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    (Original post by Samendra)
    you arent understanding banks target unis which may lead to more apps and more quality apps due to the support they provide, im not sure of then no. applicants tho if a bank as 2000 apps for 20-30 places i would place around 600-700 of those apps from 'top 6'
    Where did you get that figure from?

    For a law firm I worked for, it was nearly 25% of applicants from Oxbridge alone.

    And that was after targeting over 30 universities.
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    (Original post by GovernmentEarner)
    your uni is on your cv?...
    They don't accept CVs - you apply via their application form. They may well ask for the university but that's only for internal reporting purposes to track the effectiveness of the policy.

    Clifford Chance do this. Deloitte also. It's becoming increasingly common.

    https://www.fastcompany.com/3057631/...hould-consider
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    (Original post by Doonesbury)
    "Very few" relative to the hundreds of thousands of grads in professional employment.

    Only proves they were looking for the right person for the job, not (necessarily) the "right university". You don't know if an interviewee who had not been to the "right university" got the position. Or applied.
    Well no, I don't. But given their sales pitch at the Oxford careers fair, the people I met at the interview, and the people I knew from Oxford who subsequently worked there, I don't think I'm wide of the mark in saying they were targeting a certain pair of universities quite specifically.

    Worth saying, I never got the impression going to Oxford was sufficient. I don't think I was particularly well-prepared for that interview, so looking back I'm not surprised I didn't get it. Especially given I do think the competition mostly had a similar educational background.

    That was actually my first interview for an internship, so I sharpened up my act afterwards.
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    (Original post by GovernmentEarner)
    your uni is on your cv?...
    Optionally.

    One summer intern at my uni did not mention it on her CV, to my surprise. Could have lied? Possibly, but I doubt it. I do know that careers services at a neighbouring non-Russell university recommend not putting it in.

    So it's entirely possible and reasonable to go through the process without mentioning where you're studying. Plus space in a one page CV is pretty valuable for that anyway.

    Whether its for all banks I don't know. For the one I'm thinking of, it's fine. Or she's an exceptional exception.
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    (Original post by Rinsed)
    Worth saying, I never got the impression going to Oxford was sufficient. I don't think I was particularly well-prepared for that interview, so looking back I'm not surprised I didn't get it. Especially given I do think the competition mostly had a similar educational background.

    That was actually my first interview for an internship, so I sharpened up my act afterwards.
    That's the key point
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    (Original post by J-SP)
    Is that post supposed to be hypocritical?

    I am not closed minded. I’ll happily change my mind if you prove what you have said.

    And yes you have regularly changed from law, IB and consulting, to then just consulting, to then strategy consulting, to then MBB consulting, and when all of those failed, moved to IB.

    I’ll say it again, it’s not my point to prove, it is yours.
    lmao i provided you with stats, also i didnt switch i use them interchangeably as they are all as competitive and similar biases follow
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    (Original post by Samendra)
    lmao i provided you with stats, also i didnt switch i use them interchangeably as they are all as competitive and similar biases follow
    At least you now admit your did inter-change them.

    You provided me with a post on here which didn’t prove your argument. You need to try harder if you want to be taken seriously.

    And again, please prove your point and we might take you seriously. Just stating these things over and over again doesn’t make you any more correct each time you post them.
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