Kal134
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Hi,

Would a Finance, Accounting and Management BSc Hons degree from the University of Nottingham give me a better chance of getting a career in IB/corporate finance compared to a Bsc Chemistry or Bsc Biochemistry from the University of Warwick?
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gr8wizard10
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warwick > notts
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Kal134
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Would it not lessen my chances of getting a job in IB/corporate finance if I have a non finance degree like chemistry?
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Kal134
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BUMP
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mnot
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(Original post by Kal134)
BUMP
The finance one would look better.

Warwick is slightly more prestigious but both are 'target' unis. But neither are on the same level as Oxbridge, LSE, Imperial, UCL with IB.

The most important factor will be YOU! Once at Uni if you join societies and roles that align well and fill up your CV, ie do insight days, spring weeks, summer internships in the right places (and apply early) this will be much more important that where you went (if u had said a uni like UEA i'd give you a different answer...)
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Kal134
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(Original post by mnot)
The finance one would look better.

Warwick is slightly more prestigious but both are 'target' unis. But neither are on the same level as Oxbridge, LSE, Imperial, UCL with IB.

The most important factor will be YOU! Once at Uni if you join societies and roles that align well and fill up your CV, ie do insight days, spring weeks, summer internships in the right places (and apply early) this will be much more important that where you went (if u had said a uni like UEA i'd give you a different answer...)
Would it be hard for an economics graduate from UEA to get a job in IB/corporate finance?
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mnot
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(Original post by Kal134)
Would it be hard for an economics graduate from UEA to get a job in IB/corporate finance?
I think hard is the wrong description, but fighting an uphill battle. The reality is there are many more applicants than places hence big firms will look at what Uni people attend, I wasn't specifically picking UEA, but more any Uni that is not considered a 'target' Uni, and that was just an example.
Its just far less likely, essentially your resume & performance on the job market has to be even better the worse the Uni your at...
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Kal134
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Would the Bsc Chemistry put me at a serious disadvantage when applying for grad schemes in corporate finance?
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mnot
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(Original post by Kal134)
Would the Bsc Chemistry put me at a serious disadvantage when applying for grad schemes in corporate finance?
So yes & no.

Yes, some corporate grad schemes will have check box rule asking specifically for economics or finance graduates (but this will only be a small amount)

no, the vast majority don't care about degree type, as long as it is analytical, they will have their own training programs to get graduates up to standard and its more a question of how applicants perform in the application process ie online testing & interviews.

I would say a BSc in chemistry is suitable for almost all corporate grad schemes.

Technical/specialist roles may require a more specialized degree, but you can always do an MSc in the relevant subject if required later.
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username4451578
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According to this forum Warwick is a supposed "Target", Nottingham is a "semi-target" and your degree choice doesn't matter at all. Doing a finance related degree is AlWAYS favoured and will help you out in the technical interview questions. Just make sure you dont flop your numericals and you have a reasonable CV. You will not be rejected on the grounds that you go to nottingham/warwick and then at the interview stage, only your interview performance matters. Ultimately just choose whichever course/location you prefer.
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(Original post by Kal134)
Hi,

Would a Finance, Accounting and Management BSc Hons degree from the University of Nottingham give me a better chance of getting a career in IB/corporate finance compared to a Bsc Chemistry or Bsc Biochemistry from the University of Warwick?
Ideally, you want to do Economics/MORSE at Warwick or Econ at Nottingham. Failing that, do the Finance etc course at either university. Anything economic/finance/maths/stats (data science) related would probably be ideal. Even Comp Sci would work.
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(Original post by Kal134)
Would the Bsc Chemistry put me at a serious disadvantage when applying for grad schemes in corporate finance?
I've seen a team in a top investment bank full of solely engineers, so the fact chemistry isn't finance related shouldn't put you off. As long as you read up on some basic finance principles to get you through interviews you'll be fine.

Go for whichever you enjoy most and will give you a better chance of getting a first/2.1. Also if you do decide at some point IB isn't for you where would you rather go? Down the chemistry route or into accounting/management
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IPEguy
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Hi,

I I strongly suggest doing what you enjoy if that’s chemistry at Warwick. It’s a target uni and a great subject. I also know a trader at GS/MS/JP who did chemistry.

As people have said your uni extra curriculars will get you an interview. Don’t worry about finance technicals they’re not difficult compared to chemistry it’s just memorising fractions essentially.

As for IB it’s a lot of terrible jobs not as well paid as they used to be. So before picking your place of education and the venue for which you’ll grow into an adult on the basis of supposed prestige think hard about keeping doors open. I say this as someone who moved away from IB middle office to buy side FO so it’s not a finance criticism from an angsty by stander.

Have you considered the buy side? If you haven’t heard of it it might be a good sign not to go to notts since you should be making an informed decision. Also the jobs are typically better so it may interest you more.
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Kal134
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Right now I have just finished year 12 and I’m going into year 13 is there any thing I could do to prepare me for a career in IB?
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Kal134
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(Original post by IPEguy)
Hi,

I I strongly suggest doing what you enjoy if that’s chemistry at Warwick. It’s a target uni and a great subject. I also know a trader at GS/MS/JP who did chemistry.

As people have said your uni extra curriculars will get you an interview. Don’t worry about finance technicals they’re not difficult compared to chemistry it’s just memorising fractions essentially.

As for IB it’s a lot of terrible jobs not as well paid as they used to be. So before picking your place of education and the venue for which you’ll grow into an adult on the basis of supposed prestige think hard about keeping doors open. I say this as someone who moved away from IB middle office to buy side FO so it’s not a finance criticism from an angsty by stander.

Have you considered the buy side? If you haven’t heard of it it might be a good sign not to go to notts since you should be making an informed decision. Also the jobs are typically better so it may interest you more.
What extra curricular activities should I do at uni to make my CV look good to employers in IB and how can I get into buy side at uni?
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mnot
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(Original post by Kal134)
What extra curricular activities should I do at uni to make my CV look good to employers in IB and how can I get into buy side at uni?
I think being a committee member of a society or sport: something like president or treasurer looks good. Shows additional responsibility for other people, managing society's interests, and financial responsibility all whilst you are also doing a degree.

Every uni also has trading societies and economics societies.

But most importantly is your experience Insight days, spring weeks, internships, graduate roles.
Its like a conveyer belt, if you really want to be an analyst the best way is to do the insight days & spring weeks in first year, a summer internship after 2nd year, then a grad role once you finish.

I think its worth mentioning with IB its not what it used to be, no doubt if you stay for 20 years you will be extremely wealthy. But less than 10% of associates make it 5 years. Salaries are like 50K +25-50K bonus year 1 (so a lot of cash early) but you will do 90hr weeks, and many people get laid off... or contract not renewed. Look at Deutsche bank now, its a mess, anyone good has already fled to go to other banks and lots of people are being laid off, banks higher & fire on the balance sheet, so many talented people just get cut out. If you go down this route you should have planned exit strategies.
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gr8wizard10
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(Original post by Kal134)
Right now I have just finished year 12 and I’m going into year 13 is there any thing I could do to prepare me for a career in IB?
insight days, use student ladder website as a reference for applications
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Kal134
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(Original post by IPEguy)
Hi,

I I strongly suggest doing what you enjoy if that’s chemistry at Warwick. It’s a target uni and a great subject. I also know a trader at GS/MS/JP who did chemistry.

As people have said your uni extra curriculars will get you an interview. Don’t worry about finance technicals they’re not difficult compared to chemistry it’s just memorising fractions essentially.

As for IB it’s a lot of terrible jobs not as well paid as they used to be. So before picking your place of education and the venue for which you’ll grow into an adult on the basis of supposed prestige think hard about keeping doors open. I say this as someone who moved away from IB middle office to buy side FO so it’s not a finance criticism from an angsty by stander.

Have you considered the buy side? If you haven’t heard of it it might be a good sign not to go to notts since you should be making an informed decision. Also the jobs are typically better so it may interest you more.
How would I be able to get into buy side?
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IPEguy
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(Original post by Kal134)
How would I be able to get into buy side?
Much the same way as IB via a summer internship or similar, however it is harder, because the jobs are better and people tend not to move as much. You’ll also need to try cold emailing and leveraging any connections you came make via WBS. On top of read read lots Andrew listen to lots of podcasts. They don’t get you to interview but once you’re there the info you’ll glean will give you that edge. Feel free to PM me.
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