Target University vs. Degree Apprenticeship with JP Morgan Watch

JPM19
Badges: 6
Rep:
?
#1
Report Thread starter 1 year ago
#1
I currently have offers from Warwick and UCL for Economics/Finance-related degrees (still waiting on LSE and St Andrews) and I'm in the second last stage of the application process for JP Morgan's sponsored-degree apprenticeship for an Applied Finance degree with Exeter University.

At the assessment centre, one of the assessors said that apprentices have gone on to front office roles in trading, however my end goal is to get into private banking and not investment banking/sales and trading so I don't know if I have a chance to get into my actual dream job.

Pros of Degree Apprenticeship:
- Exeter University Tuition fees covered by JP Morgan therefore debt free
- Will be paid a starting salary of £21k and gain work experience
- Blend of on-the-job experience and academic study (which will probably suit my learning experience more)
- Will gain industry recognised certifications

Cons of Degree Apprenticeship:
- Role is in the middle-office and I get the impression HR wants apprentices to stay in middle office
- My degree won't be from a target university and I am worried about how apprenticeships are perceived by other employers
- I won't get the 'university-experience' and won't get any more free summers
- One of the existing apprentices at the assessment centre didn't seem very professional (although to be fair he had transferred from Bournemouth) and I'd ideally like to be working with bright peers

Obviously, I don't have an offer from JP Morgan yet, however I'm wondering whether I should go to the Insight Evening when I could be revising for my mocks to get the grades to get into UCL/Warwick. Don't want to take another applicant's space and waste their time or mine if I decide it's no longer for me.

My question is for those with more experience than me, particularly someone who is at university now and applying for private banking grad roles, and what they would do in my situation.
0
reply
JPM19
Badges: 6
Rep:
?
#2
Report Thread starter 1 year ago
#2
bump
0
reply
JPM19
Badges: 6
Rep:
?
#3
Report Thread starter 1 year ago
#3
Princepieman could I get your advice? You seem to be quite active on the IB forums
0
reply
Princepieman
Badges: 21
Rep:
?
#4
Report 1 year ago
#4
(Original post by JPM19)
Princepieman could I get your advice? You seem to be quite active on the IB forums
go to Warwick or UCL. apprenticeship seems like a pointless roundabout way to save what is going to be equivalent to a few bucks over the course of your career.
1
reply
JPM19
Badges: 6
Rep:
?
#5
Report Thread starter 1 year ago
#5
(Original post by Princepieman)
go to Warwick or UCL. apprenticeship seems like a pointless roundabout way to save what is going to be equivalent to a few bucks over the course of your career.
Even if I'd be getting a Finance degree from Exeter? Is the £50k debt really worth it?
0
reply
Frazzle27
Badges: 6
Rep:
?
#6
Report 1 year ago
#6
Honestly, UCL Degree > Most other things.

The Economics related courses at UCL are amazing and very oversubscribed, so if you can get that then you should go for it imo. My best advice however would be to keep your options open. Keep doing both things and see where you can get offers or where you can get into.

Though keep in mind, why are you getting into banking? Are you doing it for the right reasons, or are you just attracted by the big pay-cheques? Life isn't all about making money and remember that you will probably be doing this career for the rest of your life (though transferring out of it would be easier if you have a degree). Just food for thought
0
reply
JPM19
Badges: 6
Rep:
?
#7
Report Thread starter 1 year ago
#7
(Original post by ltsmith)
there's no guarantee you'd make it into IB, even with a degree from a target. i'd do the apprenticeship as it'll mean you have no student debt and you get quite alot of work experience from it
This is what I was thinking. I would consider taking a degree from UCL/Warwick much more seriously if I wanted to get into IB, but I think I would prefer to work in Private Banking/Wealth Management so I'm not sure if the 'Target Uni' brand is as important.

(Original post by Frazzle27)
Honestly, UCL Degree > Most other things.

The Economics related courses at UCL are amazing and very oversubscribed, so if you can get that then you should go for it imo. My best advice however would be to keep your options open. Keep doing both things and see where you can get offers or where you can get into.

Though keep in mind, why are you getting into banking? Are you doing it for the right reasons, or are you just attracted by the big pay-cheques? Life isn't all about making money and remember that you will probably be doing this career for the rest of your life (though transferring out of it would be easier if you have a degree). Just food for thought
From what I've gone through so far, I feel like the JP Morgan process is much more competitive and oversubscribed than the uni process. According to Which?, 50% of applicants get an offer for UCL/Warwick, but there's only gonna be 25 places for the thousands of applicants who applied for the JP Morgan position.

I'd be getting a degree from Exeter so it's not like I won't end up with one when the apprenticeship finishes, or are you saying that a degree from Exeter won't provide me with the opportunity to keep my options open?
0
reply
Princepieman
Badges: 21
Rep:
?
#8
Report 1 year ago
#8
(Original post by JPM19)
Even if I'd be getting a Finance degree from Exeter? Is the £50k debt really worth it?
would still just do the path of least resistance and go to a target. £50k debt in a career that will yield millions in EV seems a bit pointless to consider to me.
0
reply
laurenpaling
Badges: 5
Rep:
?
#9
Report 1 year ago
#9
(Original post by JPM19)
I currently have offers from Warwick and UCL for Economics/Finance-related degrees (still waiting on LSE and St Andrews) and I'm in the second last stage of the application process for JP Morgan's sponsored-degree apprenticeship for an Applied Finance degree with Exeter University.

At the assessment centre, one of the assessors said that apprentices have gone on to front office roles in trading, however my end goal is to get into private banking and not investment banking/sales and trading so I don't know if I have a chance to get into my actual dream job.

Pros of Degree Apprenticeship:
- Exeter University Tuition fees covered by JP Morgan therefore debt free
- Will be paid a starting salary of £21k and gain work experience
- Blend of on-the-job experience and academic study (which will probably suit my learning experience more)
- Will gain industry recognised certifications

Cons of Degree Apprenticeship:
- Role is in the middle-office and I get the impression HR wants apprentices to stay in middle office
- My degree won't be from a target university and I am worried about how apprenticeships are perceived by other employers
- I won't get the 'university-experience' and won't get any more free summers
- One of the existing apprentices at the assessment centre didn't seem very professional (although to be fair he had transferred from Bournemouth) and I'd ideally like to be working with bright peers

Obviously, I don't have an offer from JP Morgan yet, however I'm wondering whether I should go to the Insight Evening when I could be revising for my mocks to get the grades to get into UCL/Warwick. Don't want to take another applicant's space and waste their time or mine if I decide it's no longer for me.

My question is for those with more experience than me, particularly someone who is at university now and applying for private banking grad roles, and what they would do in my situation.
Im in a similar situation. I have offers from all my top unis and have received a place on the EY sponsored degree.
0
reply
laurenpaling
Badges: 5
Rep:
?
#10
Report 1 year ago
#10
(Original post by JPM19)
This is what I was thinking. I would consider taking a degree from UCL/Warwick much more seriously if I wanted to get into IB, but I think I would prefer to work in Private Banking/Wealth Management so I'm not sure if the 'Target Uni' brand is as important.



From what I've gone through so far, I feel like the JP Morgan process is much more competitive and oversubscribed than the uni process. According to Which?, 50% of applicants get an offer for UCL/Warwick, but there's only gonna be 25 places for the thousands of applicants who applied for the JP Morgan position.

I'd be getting a degree from Exeter so it's not like I won't end up with one when the apprenticeship finishes, or are you saying that a degree from Exeter won't provide me with the opportunity to keep my options open?
I agree. Ive got an assessment centre date with JP Morgan and judging by the amount of options there are a lot of applicants.
0
reply
JPM19
Badges: 6
Rep:
?
#11
Report Thread starter 1 year ago
#11
Updates on this: now at the final stage of the application process and have been rejected from LSE (Finance) but still waiting on St Andrews (Financial Economics), but realistically it's now between UCL Economics vs Exeter-JP Morgan Applied Finance.

at the networking evening, i spoke to a few senior JP employees in Markets and Sales and Trading who seemed interested in the programme and they said with work experience from JPM already and a degree from Exeter, they didn't see why we couldn't move internally within the organisation.

i keep on getting conflicting advice so if anyone else could share their opinion on this, it would be much appreciated!
1
reply
JPM19
Badges: 6
Rep:
?
#12
Report Thread starter 1 year ago
#12
bump for more advice? Doonesbury gr8wizard10
0
reply
Doones
Badges: 21
Rep:
?
#13
Report 1 year ago
#13
(Original post by JPM19)
bump for more advice? Doonesbury gr8wizard10
My advice is always to pick the course you will enjoy the most...
0
reply
gr8wizard10
Badges: 21
Rep:
?
#14
Report 1 year ago
#14
he who is not corageous enough to take risks will achieve nothing in life
1
reply
JPM19
Badges: 6
Rep:
?
#15
Report Thread starter 1 year ago
#15
(Original post by gr8wizard10)
he who is not corageous enough to take risks will achieve nothing in life
In this situation, both of these are risks for me lol with JPM probably being the bigger one
0
reply
Lawyer94
Badges: 1
Rep:
?
#16
Report 11 months ago
#16
How did you get on? Were you offered the apprenticeship? What did you decide?
0
reply
amartyasen
Badges: 13
Rep:
?
#17
Report 9 months ago
#17
What did you decide?? Am struggling to decide whether to take a year out to apply to target unis or accept an econ degree apprenticeship, so am in a similar situation...
0
reply
student1602
Badges: 10
Rep:
?
#18
Report 3 months ago
#18
hiya, I'm in the same position as you currently, what did you end up doing?
0
reply
alishamiah
Badges: 5
Rep:
?
#19
Report 2 months ago
#19
can anyone shed light on the process when you go to the assessment centre
0
reply
alishamiah
Badges: 5
Rep:
?
#20
Report 2 months ago
#20
(Original post by JPM19)
I currently have offers from Warwick and UCL for Economics/Finance-related degrees (still waiting on LSE and St Andrews) and I'm in the second last stage of the application process for JP Morgan's sponsored-degree apprenticeship for an Applied Finance degree with Exeter University.

At the assessment centre, one of the assessors said that apprentices have gone on to front office roles in trading, however my end goal is to get into private banking and not investment banking/sales and trading so I don't know if I have a chance to get into my actual dream job.

Pros of Degree Apprenticeship:
- Exeter University Tuition fees covered by JP Morgan therefore debt free
- Will be paid a starting salary of £21k and gain work experience
- Blend of on-the-job experience and academic study (which will probably suit my learning experience more)
- Will gain industry recognised certifications

Cons of Degree Apprenticeship:
- Role is in the middle-office and I get the impression HR wants apprentices to stay in middle office
- My degree won't be from a target university and I am worried about how apprenticeships are perceived by other employers
- I won't get the 'university-experience' and won't get any more free summers
- One of the existing apprentices at the assessment centre didn't seem very professional (although to be fair he had transferred from Bournemouth) and I'd ideally like to be working with bright peers

Obviously, I don't have an offer from JP Morgan yet, however I'm wondering whether I should go to the Insight Evening when I could be revising for my mocks to get the grades to get into UCL/Warwick. Don't want to take another applicant's space and waste their time or mine if I decide it's no longer for me.

My question is for those with more experience than me, particularly someone who is at university now and applying for private banking grad roles, and what they would do in my situation.
can you give all of us an idea on what happened during the whole process on the assessment day?
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Back
to top
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

People at uni: do initiations (like heavy drinking) put you off joining sports societies?

Yes (229)
67.75%
No (109)
32.25%

Watched Threads

View All