Anonymous #1
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I'm curious what Durham is like for IB? For anyone at Durham do many grads get taken on in IB? Do investment banks target Durham?

I know Citi bank, Jefferies and Barclays sponsor the finance society, but how good are Durham's links in the finance world?
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Bobchain97
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Durham is a semi target , so its good but not the best ( ucl,Warwick,oxbridge ,else). Still really good in my eyes
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Anonymous #1
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(Original post by Bobchain97)
Durham is a semi target , so its good but not the best ( ucl,Warwick,oxbridge ,else). Still really good in my eyes
I have an offer for Warwick but it's awkward for me location wise and socially. I'd skill go if it increased my chances significantly. Do you think the benefits of Warwick are significantly better than Durham? Or just better.

I can't get my head around it because on Linkedin Warwick have roughly 15% more employed (or previously employed) in the top 5 investment banks than Durham. Their uni population is also 10% higher than Durham's, but there's too many factors to draw a reasonable conclusion.
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Bobchain97
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(Original post by Anonymous)
I have an offer for Warwick but it's awkward for me location wise and socially. I'd skill go if it increased my chances significantly. Do you think the benefits of Warwick are significantly better than Durham? Or just better.

I can't get my head around it because on Linkedin Warwick have roughly 15% more employed (or previously employed) in the top 5 investment banks than Durham. Their uni population is also 10% higher than Durham's, but there's too many factors to draw a reasonable conclusion.
( I am a Yr13 student) letting you know now.
I would definitely say go to Warwick. Warwick in finance is well known whereas Durham isn't. It truly depends on how good of an applicant you are on the day of your interview, if you feel like an average joe then definitely go Warwick but if that isn't the case then Durham is still good. Warwick will increase your chances a lot but not significantly from what i know. I would again say go to Warwick.
Don't look at the Linkedin ratings tbh, use it to connect with others or ask Durham and Warwick students questions you would like them to answer.
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Anonymous #2
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What course are you thinking about from either? Economics?
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Bobchain97
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(Original post by Anonymous)
What course are you thinking about from either? Economics?
Im guessing either econ or accounting&finance
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Anonymous #1
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(Original post by Bobchain97)
Im guessing either econ or accounting&finance
Yes, accounting and finance.

My other option is to do a placement in my gap year and apply next year to 5 targets. I had no idea about targets before I applied, and I went for places like St Andrews quite foolishly based on rankings.
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Anonymous #2
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I know people that studied a whole variety of degrees at both (from maths to engineering to econ) and ended up in IB so you probably wouldn’t be that disadvantaged picking one over the other - Warwick is just more prominent in finance because it’s maths courses are some of the best in the country. Go for wherever you’ll enjoy more and get the best grade though as the uni alone doesn’t mean so much without top grades and extracurricular.
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Bobchain97
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(Original post by Anonymous)
Yes, accounting and finance.

My other option is to do a placement in my gap year and apply next year to 5 targets. I had no idea about targets before I applied, and I went for places like St Andrews quite foolishly based on rankings.
Well if that's the case then definitely go for accounting and finance at Warwick.I was planning on doing the same thing (Warwick af) but also econ and just went with econ.
AF at Warwick is a common route outside of econ to get into IB. Go with Warwick ( that's my take at least) . They are both good but again,Warwick is better (not marginally )
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Anonymous #1
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(Original post by Bobchain97)
Well if that's the case then definitely go for accounting and finance at Warwick.I was planning on doing the same thing (Warwick af) but also econ and just went with econ.
AF at Warwick is a common route outside of econ to get into IB. Go with Warwick ( that's my take at least) . They are both good but again,Warwick is better (not marginally )
Curious, have you secured any internships/work experience at Warwick? Did you find the name made it much easier?
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Bobchain97
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(Original post by Anonymous)
Curious, have you secured any internships/work experience at Warwick? Did you find the name made it much easier?
I think you forgot that I am a Yr13 student but luckily for you, I have been in contact with Warwick AF students and one said; " the lecturers are great but nightlife is sort of limited which is a good thing as it forced me to focus on my studies, also Londons 2hrs away so I wasn't too far from internships in London. " essentially the unis itself is magnificent, socially its mehh and location is ok. The uni itself is great.
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Anonymous #1
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(Original post by Bobchain97)
I think you forgot that I am a Yr13 student but luckily for you, I have been in contact with Warwick AF students and one said; " the lecturers are great but nightlife is sort of limited which is a good thing as it forced me to focus on my studies, also Londons 2hrs away so I wasn't too far from internships in London. " essentially the unis itself is magnificent, socially its mehh and location is ok. The uni itself is great.
I'm very tempted to go tbh because even though I'll be with my friends at Durham (I go to a pretty bad school-all my friends are going Northumbria or Newcastle) Warwick seems so much better career wise.
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Bobchain97
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(Original post by Anonymous)
I'm very tempted to go tbh because even though I'll be with my friends at Durham (I go to a pretty bad school-all my friends are going Northumbria or Newcastle) Warwick seems so much better career wise.
Well one thing is for sure,Durham is located too far from London limiting you to opportunities but obviously, there are some in Manchester and the like.
Career wise Warwick should be better assuming you don't slack, you also need to be proactive by applying and participating to societies and internships
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Anonymous #1
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(Original post by Bobchain97)
Well one thing is for sure,Durham is located too far from London limiting you to opportunities but obviously, there are some in Manchester and the like.
Career wise Warwick should be better assuming you don't slack, you also need to be proactive by applying and participating to societies and internships
That's true, though Leeds is about an hour away and that's the 2nd biggest financial city besides London. I'm also aware that Manchester is strong in the PE scene.

I want to go to Durham but career wise it's not wise as you say. I'll have to weigh up both choices. Problem is, if I ever want to visit home, it's a 4 hour car journey or £200 4 hour train ride. Warwick is quite awkward to get to, but who knows.
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Bobchain97
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(Original post by Anonymous)
That's true, though Leeds is about an hour away and that's the 2nd biggest financial city besides London. I'm also aware that Manchester is strong in the PE scene.

I want to go to Durham but career wise it's not wise as you say. I'll have to weigh up both choices. Problem is, if I ever want to visit home, it's a 4 hour car journey or £200 4 hour train ride. Warwick is quite awkward to get to, but who knows.
Maybe consider taking the coach instead, personally, I would say speak to both Warwick and Durham students on Linkedin and you will truly find accurate answers to any questions you might have.
Tbh if you want to go to Durham you should, Durham is still good, costs would be lower for you. Also( this is an assumption I'm making) since you live in the North and maybe arent used to the multicultural South, Durham could be easier for you.
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Anonymous #1
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(Original post by Bobchain97)
Maybe consider taking the coach instead, personally, I would say speak to both Warwick and Durham students on Linkedin and you will truly find accurate answers to any questions you might have.
Tbh if you want to go to Durham you should, Durham is still good, costs would be lower for you. Also( this is an assumption I'm making) since you live in the North and maybe arent used to the multicultural South, Durham could be easier for you.
Yeah that's true, I think Durham is the best option logistically but Warwick is best career wise. I'll weigh up travel options anyway, that's all it comes down to for me
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Bobchain97
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(Original post by Anonymous)
Yeah that's true, I think Durham is the best option logistically but Warwick is best career wise. I'll weigh up travel options anyway, that's all it comes down to for me
honestly,for you , you might as well go Durham since the only negative compared to Warwick is the prestigeness and the difference isn't substantial enough for you to go to Warwick.
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Anonymous #3
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Current Warwick 2nd year,

This is a topic where there are varying opinions so I’m gonna try lay out my experience/ views and hope they give you some context and ideas to help your make your own choice.

I think its firstly worth considering that the whole uni experience is pretty different between Durham and Warwick and I’d weigh that pretty heavily in your decision. (Campus vs Town, Collegiate system, average student )

Ultimately, the most common way to get into IB/ most finance jobs is through the Insight events leading to summers and then offers. (Other than your parents/ extended family being in the industry, in which case this will matter very little)

It is a stressful and time consuming process, so be prepared!! Furthermore, it is very competitive and you experience a bit of a catch-22 situation of people with experience being favoured for insight/ summer roles.

Hence, in my opinion if you think you will find Durham more relaxing/ easier to socialise or work etc. then I would honestly say that would be more beneficial when dealing with these processes than the potential slight reputation increase at Warwick.

I applied for a lot of summers this year, and was able to secure an offer. People will endlessly debate which Unis are targets/ semi-target and better prestige and so on.

What I have found and through talking to others and own experience are that there are 4 main points that make a certain uni have more grads in IB:

1) CV prestige - the “oh you go to Oxbridge/ LSE, so you’re in the top of the top for students and likely more intelligent/ hardworking” effect . (Which is largely true in my experience)

2) Number of grads currently in finance/IB. Networking/ connecting with people in interviews. Similar to above but a fair number of firms have systems where employee alumni from x focus on the interviewing/ recruiting from uni x. Hence, more people at your chosen uni, more likely to make the connection with someone either on paper or in an interview situation.

3) (Somewhat debatable imo) “Finance culture” . Does the uni have active finance societies, talks , etc. That you can get involved in? Student investment soc, finance student papers and so on. I certainly think this can look good on your CV and show interest in finance. I mainly used them to gain insight into application processes / background on industry.
However, I have had general chats with people in industry who have expressed that they prefer people who have a different interest and show some personality so not necessarily end of world if not involved. As one put it “Would be useful if the 100s of people I had heard from already hadn’t also added value by upping member engagement through their work in the society”.

4) The “Targets”. I left the contentious issue to last as people love to argue and disagree about this! A target university is one where the banks actively recruit and host talks, suppers, networking events etc.
This helps you to gain industry connections, have people to name drop, get more tailored company knowledge for applications and potentially skip straight to interview stages.

Fwiw here is my personal opinion ( and since I’m not a recruiter/employee at bank that is involved in process this has zero value and I’d argue the same for most students giving their views)

“True targets” - Oxbridge, LSE
In a league of their own.

“Semi- targets” - terminology often used I take this to mean, employers give presentations etc. but don’t recruit as hard as Oxbridge, LSE.

TCD(case for being in above)

Warwick
UCL

Durham
Nottingham
Bath
Bristol
KCL

QMUL
Manchester

I’ve grouped the unis where I see them as a similar level but they’re all pretty close imo. I basically did this off the top of my head so might have missed something obvious and I tried to roughly base it on people I saw at Insights/Summer ACs, however I’m likely bias as will remember people went to my own uni more!

TLR Won’t make as big a difference as people will tell you, fair chunk of luck and forging your own opportunities involved.
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Anonymous #1
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(Original post by Anonymous)
Current Warwick 2nd year,

This is a topic where there are varying opinions so I’m gonna try lay out my experience/ views and hope they give you some context and ideas to help your make your own choice.

I think its firstly worth considering that the whole uni experience is pretty different between Durham and Warwick and I’d weigh that pretty heavily in your decision. (Campus vs Town, Collegiate system, average student )

Ultimately, the most common way to get into IB/ most finance jobs is through the Insight events leading to summers and then offers. (Other than your parents/ extended family being in the industry, in which case this will matter very little)

It is a stressful and time consuming process, so be prepared!! Furthermore, it is very competitive and you experience a bit of a catch-22 situation of people with experience being favoured for insight/ summer roles.

Hence, in my opinion if you think you will find Durham more relaxing/ easier to socialise or work etc. then I would honestly say that would be more beneficial when dealing with these processes than the potential slight reputation increase at Warwick.

I applied for a lot of summers this year, and was able to secure an offer. People will endlessly debate which Unis are targets/ semi-target and better prestige and so on.

What I have found and through talking to others and own experience are that there are 4 main points that make a certain uni have more grads in IB:

1) CV prestige - the “oh you go to Oxbridge/ LSE, so you’re in the top of the top for students and likely more intelligent/ hardworking” effect . (Which is largely true in my experience)

2) Number of grads currently in finance/IB. Networking/ connecting with people in interviews. Similar to above but a fair number of firms have systems where employee alumni from x focus on the interviewing/ recruiting from uni x. Hence, more people at your chosen uni, more likely to make the connection with someone either on paper or in an interview situation.

3) (Somewhat debatable imo) “Finance culture” . Does the uni have active finance societies, talks , etc. That you can get involved in? Student investment soc, finance student papers and so on. I certainly think this can look good on your CV and show interest in finance. I mainly used them to gain insight into application processes / background on industry.
However, I have had general chats with people in industry who have expressed that they prefer people who have a different interest and show some personality so not necessarily end of world if not involved. As one put it “Would be useful if the 100s of people I had heard from already hadn’t also added value by upping member engagement through their work in the society”.

4) The “Targets”. I left the contentious issue to last as people love to argue and disagree about this! A target university is one where the banks actively recruit and host talks, suppers, networking events etc.
This helps you to gain industry connections, have people to name drop, get more tailored company knowledge for applications and potentially skip straight to interview stages.

Fwiw here is my personal opinion ( and since I’m not a recruiter/employee at bank that is involved in process this has zero value and I’d argue the same for most students giving their views)

“True targets” - Oxbridge, LSE
In a league of their own.

“Semi- targets” - terminology often used I take this to mean, employers give presentations etc. but don’t recruit as hard as Oxbridge, LSE.

TCD(case for being in above)

Warwick
UCL

Durham
Nottingham
Bath
Bristol
KCL

QMUL
Manchester

I’ve grouped the unis where I see them as a similar level but they’re all pretty close imo. I basically did this off the top of my head so might have missed something obvious and I tried to roughly base it on people I saw at Insights/Summer ACs, however I’m likely bias as will remember people went to my own uni more!

TLR Won’t make as big a difference as people will tell you, fair chunk of luck and forging your own opportunities involved.
Thank you! I think it seems to be the case that Warwick/UCL/Imperial are the strong targets (below oxbridge and LSE) and Durham/Bristol/Nottingham fall behind, but they're not bad by any means. Though I think I've learned on here that a lot of it is about you in general, your academics are an essential, but then it's more about you, your achievements, your interests.

From what I've seen and heard Warwick has one of the best finance societies based on sponsorship and who they get to talk there (is this true?). Durham's finance department is quite weak for reputation but the finance society has some decent sponsors (Lazard, Bank of America, Barclays, Jefferies, Citibank) for a Northern based uni so there's certainly still opportunities if I choose to go there, just maybe not as strong as Warwick.

Based off of that I think I'm going to look into ways to go to Warwick and if I can't figure it out logistically I'll go to Durham. I'm curious how you secured the summer scheme? I.E. Any extra-curriculars, activities, work experience that you think made you stand out? Is there anything you'd recommend doing before going to uni to increase chances of securing an insight week?

Unfortunately I lack any relevant work experience except some in a finance department of a company. I hate to make excuses but I've found it very hard to find any relevant work experience with COVID tbh.
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n.solomon473
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(Original post by Bobchain97)
Im guessing either econ or accounting&finance
which would you consider better for IB? Would MORSE compete with the 2?
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