Why do people look down on UTS business so much? (1 Viewer)

Shadowdude

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I think UNSW's campus/social life speaks for itself when you have 9237589327523895789236583725623586 people roaming around the uni during Open Days or Sem 1 O-Week with like 82375832652 stalls and whatnot.

It's amazing.
 

twenty12

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Nine times out of ten when I hear somebody talk about "prestige", they have no experience in applying and getting a job in the world in commerce. It seems to be either prelim or HSC students who haven't even started uni or people with nothing on their resumes who then resort to talking up their university as if it's some ultimate free pass into a job.

Does bias exist against some universities? Yes it does and I'm not going to pretend that it doesn't, especially in the super competitive finance roles. But guess what, people are also going to be biased against you because of your skin colour, the way you dress, the way you speak and so forth. You will never truly escape it. Is this bias wide spread and common? In my opinion, it's hardly as profound as people like to make it out to be (unless, like I mentioned above, you're aiming for something super competitive like investment banking).

Others may or may not disagree with me, that's their opinion and they're entitled to it. I can only base my opinions off my personal experience in finding and gaining work and that of people I know.
When you say it is needed for super competitive finance roles is this just for investment banking or also for other roles like financial analyst
 

runnable

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When you say it is needed for super competitive finance roles is this just for investment banking or also for other roles like financial analyst
The question is what is a "financial analyst"? Some person working in say a Big 4 Bank? Or someone working in Goldman Sachs Research?

Basically anything but investment banking is not considered super competitive for Finance roles.
 

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you guys also have to think prudently about this and not just in the short term. its like:

should i take the most conservative path - UNSW commerce blah blah and have a shot at investment banking (if you feel its your thing who the fk knows) and then have a reasonable confidence that big4 is easily within reach if you like that more (kinda like a fallback)

or rather take a more risky path trying to ignore this prestige thing, take a UWS because you live closer,etc etc and come out with more limited options, and a bigger fight on your hands during job hunting season because you are already disadvantaged.

you may feel good about whatever choice you make now but when it comes down to it and you are waiting for THAT phone call, you wish you had all the scales tipped in your favour. i bet most people go through that experience
 

Chronost

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Let me give you a personal statistic. My final wam was 63 (hahaha). im pretty realistic - do you think i would get a job if i didnt go to somewhere like UNSW?
How did you get into IB with a wam of 63 Newbie, tell me your skills!! Good interview? Extra-curricular? Networking? Family?
 

seremify007

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The question is what is a "financial analyst"? Some person working in say a Big 4 Bank? Or someone working in Goldman Sachs Research?

Basically anything but investment banking is not considered super competitive for Finance roles.
I'd argue prop trading is pretty damn competitive, and anything which has a grad salary with base rem of $100k+.
 

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How did you get into IB with a wam of 63 Newbie, tell me your skills!! Good interview? Extra-curricular? Networking? Family?
Actually its because of my prestigious uni :D
 

runnable

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I'd argue prop trading is pretty damn competitive, and anything which has a grad salary with base rem of $100k+.
It is true. However prop trading is often classified under Investment Banking Division which covers Trading which was what I was thinking. Prop shops excluded.

Things like prop trading needs a lot of prior preparation for a job so they often attract very specialised people so it's not as mainstream.
 

seremify007

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It is true. However prop trading is often classified under Investment Banking Division which covers Trading which was what I was thinking. Prop shops excluded.

Things like prop trading needs a lot of prior preparation for a job so they often attract very specialised people so it's not as mainstream.
Fair call. Now that I think about it, I only have one friend in prop trading* and he has lasted several years now... compared to my IB friends where only a handful stuck it out with the rest all going back to study and pursue other things.

* EDIT: In reference to those who started as grads. I know a few prop traders who are old but they've been there since the dawn of time.
 

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most competitive by farrrrr is still mckinsey/bain/BCG

they hire the actual smart people. too bad the work they do afterwards is junk
 

ting89

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I'm in the last semester of my double degree (Business/Law) at UTS and I absolutely love it... the flexible timetable has allowed me to work in the day and study at night, and most importantly I've obtained a graduate position at JP Morgan!

I absolutely recommend it.
 

seremify007

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I'm in the last semester of my double degree (Business/Law) at UTS and I absolutely love it... the flexible timetable has allowed me to work in the day and study at night, and most importantly I've obtained a graduate position at JP Morgan!

I absolutely recommend it.
Which area?
 

Jeelous

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Doesn't matter what University you go to to get a degree whether it would be UTS, UWS, USYD etcetc. Scoring high marks is highly regarded scoring a job. Oh, as well as presentation, communication skills etc.

I would believe......
 

seremify007

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someone i know went to uws for finance (advising or applied) and works at macquarie bank
Again, which area? That being said the (once known as the) Millionaire's factory does have it's own culture embedded throughout the organisation from the top all the way down...
 

Jelone

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The atar for Usyd commerce is about 94 and UTS is 93. I don't understand why people look down at UTS business when their ATARS are similar??
 

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