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How likely are you to land an IB grad scheme without internship experience? Watch

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    Be as honest as possible. If a person went to a top 10 target uni, just graduated with a 2.1 in an engineering/science course, don't have experience with banking but did an internship in an unrelated sector, how likely are they to be successful in applying for an investment banking role grad scheme?

    by investment banking role, I am also referring to markets, sales and trading, etc

    What about for middle/back office roles like Risk management and Treasury?
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    Front office - Markets, Sales and Trading. Your chances are extremely slim / next to nothing.
    Middle Office / Back Office - I don't see too much of a problem. Back office especially. Middle office may be a little bit tougher but do-able.
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    FO - probably not

    others - perhaps
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    HSBC now explicitly reiterate they want to hire all of their grads only if they have done an internship with them first, so that might be a firm to avoid. But like the others have said, your chances go up within back office grad programmes.
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    (Original post by jaynnmmmhouse)
    Be as honest as possible. If a person went to a top 10 target uni, just graduated with a 2.1 in an engineering/science course, don't have experience with banking but did an internship in an unrelated sector, how likely are they to be successful in applying for an investment banking role grad scheme?

    by investment banking role, I am also referring to markets, sales and trading, etc

    What about for middle/back office roles like Risk management and Treasury?
    Some banks still recruit some non-internship kids to their roles, but more focus are often placed on interns since there is less risk with interns, who have worked there and they kind of know.

    They may hire you, put you on a 45K starting salary and you quit in 3 months cos you hate the job or long hours. So there is more risk.

    My advice is to seek opportunities to get finance experience, network with finance workers and apply for roles whether they are FO or BO. Although you should be realistic about your chances, don't quit before you even gave it a try.

    All the best.
 
 
 
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