What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (stats) (1 Viewer)

[Chris100]

in terms of employment opportunities

 

[Chris100]

Re: What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (stats

or any1 here that i can message about this

 

[Trebla]

Re: What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (stats

None are 'better' than the other per se. It's more about how great your marks, extracurricular activities and work experiences are in relation to the job.

 

[Chris100]

Re: What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (stats

Ah ok, then if not better, what about: which dual degree is more relevant and helpful as an investment banker?

 

[Trebla]

What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (s...

Ah ok, then if not better, what about: which dual degree is more relevant and helpful as an investment banker?

Tbh there isn't much technical knowledge involved in investment banking and very few actually use anything they learnt at uni (other than basic accounting/finance/economics/stats) in the job (well at least when they start out). Most of the technical knowledge comes from learning it from the job itself rather than from uni. As long as you have the basics covered and keep up to date with everything happening in the world of finance then that's really all you need. The rest comes down to the strength of your marks, ECs and work experience.

 

[enoilgam]

Re: What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (s...

None are 'better' than the other per se. It's more about how great your marks, extracurricular activities and work experiences are in relation to the job.

Tbh there isn't much technical knowledge involved in investment banking and very few actually use anything they learnt at uni (other than basic accounting/finance/economics/stats) in the job (well at least when they start out). Most of the technical knowledge comes from learning it from the job itself rather than from uni. As long as you have the basics covered and keep up to date with everything happening in the world of finance then that's really all you need. The rest comes down to the strength of your marks, ECs and work experience.

This pretty much - for the majority of careers, people fuss way too much over the specific degree choice. Both will provide you with enough from a qualifications standpoint.

 

[RishBonjour99]

Re: What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (stats

Hd average in any. I would do comm/adv sci (stats) purely for the maths component. Will be a huge advantage if you want to get into a trading role etc.

 

[ADSpencer]

Re: What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (stats

Not so, you better learn how to read a balance sheet and financial statement from top school USyd UNSW Melb UWA etc Without that your toast.
Then after 5 years at junior positions, if yr lucky enough do an MBA at top 5 International business school then you will earn 6 figures easy.

 

[Rhinoz8142]

Re: What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (stats

None are 'better' than the other per se. It's more about how great your marks, extracurricular activities and work experiences are in relation to the job.

When you mean by this does it include joining societies and attending networking events ?

 

[Amundies]

Re: What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (stats

When you mean by this does it include joining societies and attending networking events ?

Networking is necessary, but not what would go under EC. EC's would be joining exec positions in societies, doing case competitions such as the ones held by FMAA, etc.

 

[obliviousninja]

Re: What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (stats

When you mean by this does it include joining societies and attending networking events ?

Lol partaking in events means jack all

 

[Drifting95]

Re: What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (stats

Not so, you better learn how to read a balance sheet and financial statement from top school USyd UNSW Melb UWA etc Without that your toast.
Then after 5 years at junior positions, if yr lucky enough do an MBA at top 5 International business school then you will earn 6 figures easy.

I think you're reading the wrong sources, the base for a grad is 100k give or take in IB (for M&A at least)

 

[Amundies]

Re: What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (stats

5 years at a junior position + an MBA at a top 5 business school? Isn't that pretty much guaranteed 6 figures?

 

[RishBonjour99]

Re: What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (stats

5 years at a junior position + an MBA at a top 5 business school? Isn't that pretty much guaranteed 6 figures?

You'll be near half a mill if you're progression is good by that time. Note that not everyone makes the 5 years.
grads get base of 85-100 with packages going to 115 last year being the highest (on par with top Oil and gas gigs)

 

[enoilgam]

Re: What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (stats

I think you're reading the wrong sources, the base for a grad is 100k give or take in IB (for M&A at least)

You'll be near half a mill if you're progression is good by that time.
grads get base of 85-100 with packages going to 115 last year being the highest.

Shit, I thought they made most of their money on bonuses not the base. That's crazy for a graduate.

 

[RishBonjour99]

Re: What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (stats

Yeah, money in IB is pretty insane - and that's just the start of the career (PE/Hedge funds etc)

Also OP, are you female? If you are, you're already half way into banking.

 

[seremify007]

Re: What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (stats

You'll be near half a mill if you're progression is good by that time. Note that not everyone makes the 5 years.
grads get base of 85-100 with packages going to 115 last year being the highest (on par with top Oil and gas gigs)

That range is also consistent with non pure front office roles too in some banks. It's pretty good times.

 

[enoilgam]

Re: What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (stats

That range is also consistent with non pure front office roles too in some banks. It's pretty good times.

Is that all those big data roles/analysts?

 

[seremify007]

Re: What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (stats

Is that all those big data roles/analysts?

I actually don't know how much a big data role/data scientist (or whatever they're called these days) make...

... but I was thinking along the lines of other roles which support front office e.g. research; or trading.

 

[Drifting95]

Re: What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (stats

Yeah, money in IB is pretty insane - and that's just the start of the career (PE/Hedge funds etc)

Also OP, are you female? If you are, you're already half way into banking.

LOL yeah, newbie can confirm this.

+10 points for a pencil skirt at the interview