Out of these two "qualifications" which is more highly likelly to INVESTMENT BANKING. (1 Viewer)

[lyounamu]

Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

LOL! yeah total fail, I didnt read very hard into what newbie said....

Investment banking division in retail bank?! you mean Institutional banking?

 

[Newbie]

Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

What would you call HSBC, Standard Chartered, Bank of America, Wells Fargo, Citigroup, JPMorgan etc? they are first and foremost a retail bank

 

[runnable]

Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

What would you call HSBC, Standard Chartered, Bank of America, Wells Fargo, Citigroup, JPMorgan etc? they are first and foremost a retail bank

Actually no, those with a proper investment banking division are well and truly investment banks for the purpose of conversation. You don't work for Chase, you don't work for Citibank, you don't work for Bank of America. You work for JP Morgan, Citi Institutional Clients Group, Bank of America Merrill Lynch respectively, which are all proper investment banks.

Universal bank would be a better name for those you listed with the full spectrum of services. Surely you must know these distinctions?

PS. Do you work in a front office role?

 

[Newbie]

Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

All those things you named are subsidiaries of a retail bank. Its actually a line in all our paperwork and pitchbook disclaimers. Anyway this discussion is moot because i would know best where i work and im not here to debate that.?

but i do work for one of those banks i listed and im at the stage where i sift through resumes and do campus recruiting so im happy to answer questions on interviews,etc

I also coordinate summer internship assessments and training so happy to answer any questions on that as well

 

[runnable]

Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

All those things you named are subsidiaries of a retail bank. Its actually a line in all our paperwork and pitchbook disclaimers. Anyway this discussion is moot because i would know best where i work and im not here to debate that.?

but i do work for one of those banks i listed and im at the stage where i sift through resumes and do campus recruiting so im happy to answer questions on interviews,etc

I also coordinate summer internship assessments and training so happy to answer any questions on that as well

Those are divisions of an universal bank. You may know well where you work but we are just intrigued by what you said.

Do you work in HR? Why are you doing campus recruiting now when they were done in either March/April or mid-August? Also, it's nice of them to let you get online and chat during work hours or are you on leave presently?

PS. The investment banking division is as much a subsidiary as the retail bank division so I really have no idea why you called them a retail bank.

 

[Newbie]

Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

lol i dont work in HR. Work is not that busy at the moment thanks to Europe.

Im not doing recruiting, just saying i can give forum members advice on interviews and resumes,etc etc because i know what they look for (because im the one looking) and also answer any questions on the summer internship experience (the ones you dont want to ask at the cocktail evenings)

 

[runnable]

Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

lol i dont work in HR. Work is not that busy at the moment thanks to Europe.

Im not doing recruiting, just saying i can give forum members advice on interviews and resumes,etc etc because i know what they look for (because im the one looking) and also answer any questions on the summer internship experience (the ones you dont want to ask at the cocktail evenings)

I thought you said "im at the stage where i sift through resumes and do campus recruiting". Do you work in a front office role?

How many rounds are there and how many people do you seek to take?

 

[Newbie]

Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

Yes i am front office. yes front office junior associates do the recruiting grunt work (which actually makes sense because we would know exactly what to look for).

For us, theres a phone interview with an associate who picked your resume out. This is followed by 2-3 other phone interviews with VP level people. This is followed by a in person superday where you will go through 4-6 people, including usually 2 MDs. Then offer. This wont apply for Australia but we had 20 summers this year. (im in HK and hence im not offering advice on process and headcount but the more universally applied topics such as resumes and interview questions and the internship experience etc, best practices for an intern to get a full time offer,etc)

 

[runnable]

Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

You're in Hong Kong? Might be useful to make that clearer next time.

Standard Chartered or HSBC if I may guess?

 

[Newbie]

Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

nah lol

To answer the original poster's question - i believe unsw fins Hons is definately a stronger degree for IB to go for in the outset. our current regional head is actually unsw fins hons lol.

i was com/law but the issue i found is that law totally kills your marks whereas hons as i understand from my friends is that first class is quite achievable if you apply yourself and you already go into hons with a distinction average (which is also the year that you apply for internships so thats a win)

the downside is that if you dont get into honours, you are left with just a finance degree with less than a distinction average which would limit your options in ib

marks are not everything however if you can spin the story of your life to make it intereesting - i am a living example of a 70 wam (when i interview, 66wam when i graduated) in a bulge bracket

 

[runnable]

Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

Very nice of the bulge bracket to let you have some online forum time during work.

 

[Newbie]

Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

Its a common misconception of the work hours we do or how restrictive it is
sure we have weeks where we dont sleep
but we also have times where the boss is travelling, deal just died, etc, etc where we have a lot of spare time.
We went through phases where we would have poker games in the office, nerf gun wars, etc
the guy sitting across from me owns a nightclub, i know a guy who is a partner in a michelin star restaurant,etc

the bottom line is as long as we deliver what we need to do (not as easy as it seems), there are no rules on what else we do

 

[lyounamu]

Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

nah lol

To answer the original poster's question - i believe unsw fins Hons is definately a stronger degree for IB to go for in the outset. our current regional head is actually unsw fins hons lol.

i was com/law but the issue i found is that law totally kills your marks whereas hons as i understand from my friends is that first class is quite achievable if you apply yourself and you already go into hons with a distinction average (which is also the year that you apply for internships so thats a win)

the downside is that if you dont get into honours, you are left with just a finance degree with less than a distinction average which would limit your options in ib

marks are not everything however if you can spin the story of your life to make it intereesting - i am a living example of a 70 wam (when i interview, 66wam when i graduated) in a bulge bracket

whoa...and here i am, worrying about 80s wam....

 

[runnable]

Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

whoa...and here i am, worrying about 80s wam....

Mate, don't get distracted! Haha Comm/Law is harder to HD in. With a BComm degree, there's a strong need for a good mark. So keep working! Good luck with exams .

 

[lyounamu]

Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

^oh right. i forgot that he was doing comm/law LOL. but nah, i am alright. not interested in IB at the moment....hahaha

 

[seremify007]

Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

PS. The investment banking division is as much a subsidiary as the retail bank division so I really have no idea why you called them a retail bank.

Interesting point, but I'd say given what has happened, a lot of organisations would rather brand themselves as a retail bank than an investment bank.

 

[Omnidragon]

Re: Do investment bankers still work on Sundays?

Do investment bankers still work on Sundays?

I have to go to church.

If you had half a brain and some risk-taking appetite, stay away from IB.

 

[Omnidragon]

Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

Its a common misconception of the work hours we do or how restrictive it is
sure we have weeks where we dont sleep
but we also have times where the boss is travelling, deal just died, etc, etc where we have a lot of spare time.
We went through phases where we would have poker games in the office, nerf gun wars, etc
the guy sitting across from me owns a nightclub, i know a guy who is a partner in a michelin star restaurant,etc

the bottom line is as long as we deliver what we need to do (not as easy as it seems), there are no rules on what else we do

LOL hilarious I think I might have met your friend last month then!!! Went to 8.5 last month (took leave to go to HK to look at properties) and was introduced to this nightclub ib dude, though I wasn't sure what division he's in... Though he took my friend in to dragon-i and kicked all these caucasians off this table. From memory you're at a bulge bracket bulge bracket? Must be the same guy

 

[Omnidragon]

Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

Unfortunately there's no such thing. Institutional banking perhaps?

LOL I love it when noobs who have no idea say wrong things like it's a fact.

 

[Omnidragon]

Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

LOL! yeah total fail, I didnt read very hard into what newbie said....

Investment banking division in retail bank?! you mean Institutional banking?

Another noob. Good job kiddo