best degrees for getting into investment banking??? (3 Viewers)

[hpatdh]

lol my dad earns $ 8 mil a year as a CEO of a global corp in asia.
come at him.

 

[Ritz1024]

lol my dad earns $ 8 mil a year as a CEO of a global corp in asia.
come at him.

i came in him already

 

[13abie]

i came in him already

i lol'd

 

[gsweeper]

I know a lot of people like to shoot off anything other than Usyd or UNSW on this board, but App Fin at mq is pretty specialised, and you can double it with a commerce - prof accounting degree, or in my case eco. Also, my mate who graduated from mq with an eco degree maybe a year ago is working with Macquarie Bank doing investment banking, so as long as you show aptitude and have some kind of finance/commerce/eco degree you should be able to get there eventually.

 

[knightsfan2707]

i just went through the rounds of IB internship recruiting. Prolly 60% of applicants were UNSW and the rest split between USYD and interstate unis like UMELB and UWA. I was pretty much the only one i know doing a straight commerce degree...everyone had either com/law, com/eng or commerce with honours in finance. Tough world

 

[Omnipotence]

Commerce / Law from USYD or UNSW with minimum D average.

In respect to UNSW, is it hard to attain a D average for Com/Law?

 

[Azure]

I can only comment on Commerce at MQ (which is supposed to have harder assessments), but in all honesty if you were really driven and motivated a D is achievable.

 

[Aquawhite]

Only HDs are acceptable!

 

[Azure]

Now we're talking ^^

 

[seremify007]

In respect to UNSW, is it hard to attain a D average for Com/Law?

Commerce- achievable, and a lot of people do (I didn't- I had a 73 WAM).
Law- a lot harder, but also achievable.

Remember, IB takes the top of the top of the top.

 

[abbeyroad]

screw investment banking. PE/hedge funds/prop shops are where da money's @

 

[knightsfan2707]

screw investment banking. PE/hedge funds/prop shops are where da money's @

U pretty much have to be a gun investment banker to even get an interview in a PE/HF/Prop shop. So it's hard to "screw" it

 

[abbeyroad]

not if you have market experience m8. if you could show that you've traded with real money for the past couple years at a consistent roi it'd be pretty hard for them to not at least grant you an interview. all they care is whether you can make them money. if you can't deliver they'd just fire you and hire someone else who can.

it's hard but not impossible. an average student might go the ib>trading route but you're not planning on being average are you?

 

[twistedrebel]

m8s all investment bankers are going to burnt in the building alive, buy a farm and get ready to go back to old days of barter. The new world order has won

 

[mitchy_boy]

People are all like woo $95K first year out! You work like 2 times longer and harder than other fields, so you actually end up earning not that much more..

 

[seremify007]

People are all like woo $95K first year out! You work like 2 times longer and harder than other fields, so you actually end up earning not that much more..

I'll put it this way, it's alot more enjoyable to work hard/overtime/etc because you want to rather than because you have to.

 

[Omnidragon]

best degrees for getting into investment banking???

commerce? economics? maths?

Lol asking a question like this has already sealed your fate.

You won't get in so give up now.

 

[Omnidragon]

true story.
My dad works for the nab- I remember when I was in primary school, he'd be gone before I woke up and he'd come home at like 10pm.
He h8s it. He's recently taken all his long service leave off at once and hasn't worked for 11months. Turned off his work phone, got a new number and didn't give it to anyone from work lol.
He's worked there for over 30 years and is on a ridiculous salary (i'm talking 250k approx) but he absolutely hates it there. Long hours and dealing with all the bureaucracy bull shit does his head in.

If you want to earn a shit tin of money, but have no life and deal with fuckwits all day, work for a bank (worth it, imo)

EDIT: worth it if you can figure out how to get to the 250k salary without working your way up over 30 years, starting as a teller (that's what my faja did, uni degrees weren't so important that long ago)

Your dad is clearly not an investment banker, being on such a low salary after working 30 years. Gee some of you are entertaining.

 

[seremify007]

It could very well be a $250k base salary not including super or bonus... I don't know any IBers who have been in the industry that long who can tell me how much they earn after 5 years (as opposed to hearsay).

 

[Omnidragon]

Ahhh Serimfy you won't believe how many payslips I've seen of people with 4 years, 6 years, 10 years in the industry these days, inclusive of bonuses if tha that helps.

How naive we were back when we were young. Anyway might come back in another 3-4 months and chat with some more naive faces. What you still doing on here anyway...