Investment Banking (2 Viewers)

[Silly Sausage]

Statistics<maths, engineering

For IB tbh.

 

[Rhinoz8142]

Do you guys think one uni is harder than the other uni??

 

[Jinks]

You don't need to combine commerce with anything if you can maintain a HD average (dean's list every year) + win proper competitions like UBS IB challenge.

Simple ^

 

[Drifting95]

Ok thanks for these awesome responseS, I'll probably end up picking comm instead of a dual degree but gotta get that ATAR first!

tbh, getting the atar should be the least of your worries if you're gunning for ib

 

[study2pass]

is Information systems a worthwhile degree if youre trying to get into IB? or would either law/engineering still be the better options to combine commerce with?

 

[RishBonjour99]

is Information systems a worthwhile degree if youre trying to get into IB? or would either law/engineering still be the better options to combine commerce with?

Lol what are they feeding kids at open days about infosys. At best, it is a good side major if you can't do anything else. It is absolutely worthless for IB.

 

[RishBonjour99]

I had never heard of investment banking until the 2nd semester of uni. Relax, do what you enjoy and if you're good at it, you'll have a decent shot at an interview. There are pure science kids in there too with 0 finance knowledge but otherwise very bright students.

 

[obliviousninja]

Info sys can get you into tech consulting. Then mgmt consulting

 

[Rhinoz8142]

what else can an info sys person get into

 

[seremify007]

Dare I ask what is it about IB which appeals to the new generation of young business/commerce degree kids? How many know what it actually entails?

(same question/threads get asked every year - I'm surprised noone has trolled the Op with "B Commerce (Finance/Investment Banking)" or better yet, "B Investment Banking")

 

[RishBonjour99]

Dare I ask what is it about IB which appeals to the new generation of young business/commerce degree kids? How many know what it actually entails?

(same question/threads get asked every year - I'm surprised noone has trolled the Op with "B Commerce (Finance/Investment Banking)" or better yet, "B Investment Banking")

I think just the fact that it is seen upon as very difficult to get into (true) + prestigious + more money than any other grad program out there + great exit options + relatively interesting compared to other things commerce offers.



Most importantly though, when you start off at uni, it is natural to see and follow what all the senior high achieving guys are doing. 99% will go to management consulting (not big 4 consulting) or IB. So why not follow, clearly they know what they are doing?

 

[Rhinoz8142]

Dare I ask what is it about IB which appeals to the new generation of young business/commerce degree kids? How many know what it actually entails?

(same question/threads get asked every year - I'm surprised noone has trolled the Op with "B Commerce (Finance/Investment Banking)" or better yet, "B Investment Banking")

lol. just what Rish pointed out,


But also the media shit.. u know like Suits,Wolf of Wall Streets and etc..

 

[Rhinoz8142]

I think just the fact that it is seen upon as very difficult to get into (true) + prestigious + more money than any other grad program out there + great exit options + relatively interesting compared to other things commerce offers.



Most importantly though, when you start off at uni, it is natural to see and follow what all the senior high achieving guys are doing. 99% will go to management consulting (not big 4 consulting) or IB. So why not follow, clearly they know what they are doing?

Doesn't actuarial grads get like +100K..

 

[Chronost]

Doesn't actuarial grads get like +100K..

lol no, big 4 actuarial grads get like 65k including super. Of course if your top in your cohort you can definitely get a job in management consulting or IB earning that 100k+

 

[Rhinoz8142]

lol no, big 4 actuarial grads get like 65k including super. Of course if your top in your cohort you can definitely get a job in management consulting or IB earning that 100k+

Ahh.. Then I have been mislead.

So many options to choose in commerce, that is why I liked it.

Is it difficult for one to transition from one field of commerce to another ??




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[Chronost]

Ahh.. Then I have been mislead.

So many options to choose in commerce, that is why I liked it.

Is it difficult for one to transition from one field of commerce to another ??




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Too many variables that can make it as equally easy or hard(big/small company, what field to what field, willing to take paycut,position etc..), even just the timing is a major factor in some cases. Generally yes you can as many fields are linked in Commerce and you can usually learn one area by doing another.

 

[seremify007]

To a degree you can move around within different Commerce fields at the more junior levels but some of the more specialised/niche areas obviously require a bit more subject matter depth, or in the case of actuarial, are considered very specialist.

One thing I learnt in my career is that once you become a little bit more senior, your ability to move to different areas becomes that much harder as you cost more, are less likely to be as agile as a newbie, and the expectations are higher. I've been fortunate to be able to move between countries and now into risk consulting but it's not as easy as "I put my hand up and they took me because I'm awesome" as some would believe.

 

[seremify007]

I think just the fact that it is seen upon as very difficult to get into (true) + prestigious + more money than any other grad program out there + great exit options + relatively interesting compared to other things commerce offers.

Most importantly though, when you start off at uni, it is natural to see and follow what all the senior high achieving guys are doing. 99% will go to management consulting (not big 4 consulting) or IB. So why not follow, clearly they know what they are doing?

Fair enough. Hopefully as peeps go through uni they will see there's more options out there which whilst not as hot in the short term, are still able to bring those positives over a longer term. That, and I think some people accept the reality that they wouldn't suit IB no matter how hard they try to convince people they do. But hey, better to aim for the stars because even if you miss...

 

[Cleavage]

lol no, big 4 actuarial grads get like 65k including super. Of course if your top in your cohort you can definitely get a job in management consulting or IB earning that 100k+

Says the accountant lol

Actuarial grads get a pretty comfortable salary upon graduating. However, you can obtain a much greater salary pretty quickly. If you've completed your part II exemptions upon graduating, you should be able to expect ~$150k in a few years time. The salary that an actuary earns upon completing part III is the "high actuarial salary" that most people talk about, which can be around $300k.

Source: Graduating tutor (actuarial), my former finance tutor working as a management consultant alongside actuaries, graduates from Finity consulting and Optiver at networking events and executives within actuarial society.

I don't like being a wanker with 'sources', but I don't really want to start an argument on BoS over something as meaningless as graduate salaries, so I thought I'd best put it in this post.

 

[Chronost]

Says the accountant lol

Actuarial grads get a pretty comfortable salary upon graduating. However, you can obtain a much greater salary pretty quickly. If you've completed your part II exemptions upon graduating, you should be able to expect ~$150k in a few years time. The salary that an actuary earns upon completing part III is the "high actuarial salary" that most people talk about, which can be around $300k.

Source: Graduating tutor (actuarial), my former finance tutor working as a management consultant alongside actuaries, graduates from Finity consulting and Optiver at networking events and executives within actuarial society.

I don't like being a wanker with 'sources', but I don't really want to start an argument on BoS over something as meaningless as graduate salaries, so I thought I'd best put it in this post.

You dont state any figure for a grad salary(which is the topic), what i stated is just fine, i have already mentioned about consulting which seems to be your main sources. I didnt state a general salary,i stated specific job salarirs that can be gotten as an actuarial as many don't actually go into pure actuarial work.

So yeah, thanks for the contribution.

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