The Student Room Group

The "Am I good enough for Investment Banking/Consultancy?" Thread

Scroll to see replies

It is very rare that any student has any work experience that has a profound impact on their university application.

I wouldn't worry about it.

To the kid who has finished their 2nd year at Cam, think of the application process as a multi-stage lottery that anyone can win but better applications simply mean you've bought more tickets.

If the prospect of facing a lottery is not appealing, change the game. It's possible.
President_Ben
It is very rare that any student has any work experience that has a profound impact on their university application.

I wouldn't worry about it.

To the kid who has finished their 2nd year at Cam, think of the application process as a multi-stage lottery that anyone can win but better applications simply mean you've bought more tickets.

If the prospect of facing a lottery is not appealing, change the game. It's possible.




Reply 1642
Yea
Reply 1643
I am a 2nd year Economics student who took 2 years out to smoke dope and watch internet movies of an adult nature, I am returning to complete my degree in Economics at a 10-20 ranked course in London(QM or RH), have some contacts, and I am not a complete social div (or a think I'm not severe acne doesn't help) . If I aim to get a 1st in my degree what are my chances of becoming an investment banker, or getting a junior analyst position/grad scheme?
Reply 1644
Alice.Edwards
I think the problem would be that all my other work experiences would be irrelevant, I could say they improved my confidence/team-working skills/patient contact, but I'd be worried they would think I'm blagging it. I was thinking of applying for economics and accountancy, is that okay?

Also thanks for the advice :smile:


As the president said about work ex for your uni application.

Economics and accountancy sounds good but it mostly depends on your university?
what degrees are favoured for consultancy?
Reply 1646
Pretence
what degrees are favoured for consultancy?


Something related to Business.
Pretence
what degrees are favoured for consultancy?


Quantitative.
Earsnot
How does Nottingham Uni Economics rank? obviously its not a target, but semi-target? Are there any places that tend to have a lot of grads from Notts in FO positions? Im trying to decide whether i should take this option, or take a second gap year and re-apply :s-smilie:


Depends more on how realistic your chances are of gettig in somewhere else than on Nottingham's standing with recruiters tbh.
Reply 1649
What are the chances of securing a back/middle office role in a leading investment bank with a 2.1 from Imperial but no related experience (e.g. internship)?
Reply 1650
Mal G
What are the chances of securing a back/middle office role in a leading investment bank with a 2.1 from Imperial but no related experience (e.g. internship)?

Fairly good. What degree?
Hello

I am a econ masters student at cambridge, and completed my BA in econ from Delhi University (India) where I was near the top of the class (top 5). I have a public sector internship with ministry of finance in india, a social sector internship with one of india's largest education focused NGO and a year-long part time stint with Google, which amounted pretty much to my helping google with its on campus initiatives, like sponsorships and recruitment.

I led the debate team back at my Delhi University college, headed the community service group. In terms of extracurriculars, i've debated at an international level and acted in street plays.

I'm sceptical as to whether or not I stand a chance to land consulting interviews at good places, given the lack of a solid corporate internship. It'd be great if people at TSR could look at this and tell me what they think of my chances of landing an interview, because if the chances are slim, i'd start applying to back office finance roles as well, even though i'm not interested in banking at all.

thanks.

PS: The google thing was not a break in my education; I did it during my undergrad. So effectively I have no breaks or gap-year.
yaadegumma
Hello

I am a econ masters student at cambridge, and completed my BA in econ from Delhi University (India) where I was near the top of the class (top 5). I have a public sector internship with ministry of finance in india, a social sector internship with one of india's largest education focused NGO and a year-long part time stint with Google, which amounted pretty much to my helping google with its on campus initiatives, like sponsorships and recruitment.

I led the debate team back at my Delhi University college, headed the community service group. In terms of extracurriculars, i've debated at an international level and acted in street plays.

I'm sceptical as to whether or not I stand a chance to land consulting interviews at good places, given the lack of a solid corporate internship. It'd be great if people at TSR could look at this and tell me what they think of my chances of landing an interview, because if the chances are slim, i'd start applying to back office finance roles as well, even though i'm not interested in banking at all.

thanks.

PS: The google thing was not a break in my education; I did it during my undergrad. So effectively I have no breaks or gap-year.


You sound like a very strong candidate indeed. If I were you I'd try and apply for the top tier and tier 2 firms and see how your applications fare. If you're having a bit of difficulty securing anything, take on board their advice and maybe look to get something in the way of a prestigious internship on your CV.
yaadegumma


I'm sceptical as to whether or not I stand a chance to land consulting interviews at good places, given the lack of a solid corporate internship.



The lack of an internship isn't an issue, consultancy isn't nearly as internship driven as IB. The issue is how closely you can prove you match the required skill set. So don't start from the point of what you have done, start from the company website and the skills they say they want, and then put together the best package of evidence you can.

Broadly, and you can research the company specifics, but the top end MCs want to see academic excellence along with any activity that shows initiative, success and making a positive difference. It doesn't matter much what field that is in, but you need to have seen a problem or opportunity, designed a solution and implemented it in a way that required a whole set of skills from you.

You must demonstrate all the steps of the process, titles about awards and activities are not sufficient. You need to give the reader an idea of the scale and scope of what you did, so be as quantitative as possible, ie how much, how many, $s, %s etc

And if the company visits your university, don't apply until you have seen their presentation. Its first hand, approved advice about that specific company and what they are looking for.
threeportdrift


The issue is how closely you can prove you match the required skill set. So don't start from the point of what you have done, start from the company website and the skills they say they want, and then put together the best package of evidence you can.



Yes, this sounds reasonable. but given that most of the big consulting firms do pretty much similar things (i understand boutiques might specialise in a particular industry), and ask for the usual skills- teamwork, leadership, ease with quant, academic excellence-how does one tailor a CV for, say, bain versus mckinsey?

The major difference between the two firms, from what I know, is that Bain is supposed to have a better work-life balance, and a greater personal focus. And I agree that this can probably be used in a cover letter for bain, but how does one differentiate a CV meant for Bain from one meant for mckinsey or BCG?
yaadegumma
Yes, this sounds reasonable. but given that most of the big consulting firms do pretty much similar things (i understand boutiques might specialise in a particular industry), and ask for the usual skills- teamwork, leadership, ease with quant, academic excellence-how does one tailor a CV for, say, bain versus mckinsey?

The major difference between the two firms, from what I know, is that Bain is supposed to have a better work-life balance, and a greater personal focus. And I agree that this can probably be used in a cover letter for bain, but how does one differentiate a CV meant for Bain from one meant for mckinsey or BCG?


Even McKinsey, BCG and Bain have different areas of strengths - find out which industries they're strong in and which major projects/publications they've been involved in. From here, work out how they align to your interests. You can also do some research on their individual cultures and determine which you think would suit you and why. This is all available on their websites.
yaadegumma
Yes, this sounds reasonable. but given that most of the big consulting firms do pretty much similar things (i understand boutiques might specialise in a particular industry), and ask for the usual skills- teamwork, leadership, ease with quant, academic excellence-how does one tailor a CV for, say, bain versus mckinsey?

The major difference between the two firms, from what I know, is that Bain is supposed to have a better work-life balance, and a greater personal focus. And I agree that this can probably be used in a cover letter for bain, but how does one differentiate a CV meant for Bain from one meant for mckinsey or BCG?


Compare and contrast the websites, and go to their presentations - the differences will become apparent.
Reply 1657
Whats my chances of getting a job in IB with:
AAA, and GCSE grades of AAAABBCCD(not great, i know :/)
And hopefully a degree at a uni such as manchester/nottingham/birmingham.

This if for the top 7 IB's, also how is the pay for the other IB's?

Also, an internship is after uni right?
uxa595
Whats my chances of getting a job in IB with:
AAA, and GCSE grades of AAAABBCCD(not great, i know :/)
And hopefully a degree at a uni such as manchester/nottingham/birmingham.

This if for the top 7 IB's, also how is the pay for the other IB's?

Also, an internship is after uni right?



During the summer of your penultimate year (Typically anyway)
Reply 1659
Hi, do I have a chance to get into one of those IB analyst programs?

I have a first class degree BA Finance, Accounting and Management from Nottingham and I am taking MSc Finance at Strathclyde this september. Thank you.

Quick Reply

Latest

Trending

Trending