• Congratulations to the Class of 2024 on your results!
    Let us know how you went here
    Got a question about your uni preferences? Ask us here

Out of these two "qualifications" which is more highly likelly to INVESTMENT BANKING. (2 Viewers)

runnable

Active Member
Joined
Aug 20, 2006
Messages
1,412
Gender
Male
HSC
2008
Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

comm law at one of UNSW, USYD, Melbourne or ANU or other top uni in Australia as well as reasonable WAM or GPA. It has been stated many times that you need at least Distinction WAM i.e. 75. However, a lot of people have that...like A LOT OF PEOPLE HAVE THAT. If you want to distinguish yourself, having Comm law would help as well as some work experience + higher mark (around 80-85 at least)
Just realised how many of these investment banking threads there are lol.. GFC definitely brought this industry to light.

Comm/Law is better if you don't let Law drag your marks down too much. Not to mention it's a longer degree so you can accumulate some work experience in your earlier years to polish your resume more for IB recruiting.

I reckon 80 is good for Comm/Law and around 85 for Comm only.

Obviously better than average ECs apply too.
 

lyounamu

Reborn
Joined
Oct 28, 2007
Messages
9,998
Gender
Male
HSC
N/A
Re: Investment banker vs Accountant

^lol. I dont think i am cut out for IB...i need 6 hours of sleep per day (MINIMUM). I will just stick to cf haha
 

runnable

Active Member
Joined
Aug 20, 2006
Messages
1,412
Gender
Male
HSC
2008
Re: Investment banker vs Accountant

^lol. I dont think i am cut out for IB...i need 6 hours of sleep per day (MINIMUM). I will just stick to cf haha
You'll mostly get an average of 6 hours a day if you are disciplined enough not to waste time and live not too far away from office.

Wake up 7am, get to office 7.45am. Work till midnight, head home, shower etc then wake up at 7am again. You'll fit 6 hours of sleep.

Of course some days you'll go over midnight.
 

hungwell1337

Member
Joined
Aug 30, 2008
Messages
885
Gender
Male
HSC
N/A
Re: Investment banker vs Accountant

You'll mostly get an average of 6 hours a day if you are disciplined enough not to waste time and live not too far away from office.

Wake up 7am, get to office 7.45am. Work till midnight, head home, shower etc then wake up at 7am again. You'll fit 6 hours of sleep.

Of course some days you'll go over midnight.
try this for 1 month, tell us what its like after
 

runnable

Active Member
Joined
Aug 20, 2006
Messages
1,412
Gender
Male
HSC
2008
Re: Investment banker vs Accountant

try this for 1 month, tell us what its like after
Hey, on Sundays and Mondays you might be able to fit 8 hours since you don't need to be at the office the whole day on Sunday
 

seremify007

Junior Member
Joined
Apr 29, 2004
Messages
10,059
Location
Sydney, Australia
Gender
Male
HSC
2005
Uni Grad
2009
Re: Investment banker vs Accountant

You'll mostly get an average of 6 hours a day if you are disciplined enough not to waste time and live not too far away from office.

Wake up 7am, get to office 7.45am. Work till midnight, head home, shower etc then wake up at 7am again. You'll fit 6 hours of sleep.

Of course some days you'll go over midnight.
That's why I moved to Pyrmont :)
 

Azure

Premium Member
Joined
Aug 2, 2007
Messages
5,681
Gender
Male
HSC
2009
Re: Investment banker vs Accountant

I'm planning on doing something similar when I get back into full time work. Life is so much easier when you're closer to the office.
 

Trebla

Administrator
Administrator
Joined
Feb 16, 2005
Messages
8,402
Gender
Male
HSC
2006
Re: Investment banker vs Accountant

What you study at uni doesn't mean shit in IB. As long as you're acing your subjects (whatever they may be) and have an interest in financial markets/business, stand out work experience and extra-curriculars, then you've got a good chance in the eyes of IB employers.

Many people I know who landed jobs in IB have never touched a commerce subject at uni and they get trained to get up to scratch on the technical knowledge anyway. That being said, the people I know who work in the top IBs are pretty extraordinary people anyway (i.e. HD averages, consistently top their subjects, good work experience in finance, presidents/vice presidents of multiple societies, state/national winners of trading/M&A/business competitions...etc).
 
Last edited:

lyounamu

Reborn
Joined
Oct 28, 2007
Messages
9,998
Gender
Male
HSC
N/A
Re: Investment banker vs Accountant

^I would argue that doing a certain uni course shows that you are more inclined to show interest in financial market and business. It's definitely true that there are people from non-commerce background who get into IB but most are commerce. Why? The reason is, commerce people have greater tendency to show interest in the world of business that they are learning about and that's the perspective that alot of recruiters would have as well. If you were recruiter and if you have two candidates with medicine and comm/law, you are obviously going to be biased even before you look at anything else.

I wouldn't think that people who ace arts or medicine would have better chance than people who are up there in Commerce.
 
Last edited:

runnable

Active Member
Joined
Aug 20, 2006
Messages
1,412
Gender
Male
HSC
2008
Re: Investment banker vs Accountant

Not to mention it's quite a bit harder to get HDs in courses like Law. So why make it harder for yourself? Do Law if you like it, but don't do it thinking it'll give you a better chance straight off the bat.
 

Trebla

Administrator
Administrator
Joined
Feb 16, 2005
Messages
8,402
Gender
Male
HSC
2006
Re: Investment banker vs Accountant

^I would argue that doing a certain uni course shows that you are more inclined to show interest in financial market and business. It's definitely true that there are people from non-commerce background who get into IB but most are commerce. Why? The reason is, commerce people have greater tendency to show interest in the world of business that they are learning about and that's the perspective that alot of recruiters would have as well. If you were recruiter and if you have two candidates with medicine and comm/law, you are obviously going to be biased even before you look at anything else.

I wouldn't think that people who ace arts or medicine would have better chance than people who are up there in Commerce.
The only reason there is a large portion of commerce graduates in IB is because the majority of applicants come from a commerce background. However, that doesn't mean students with different degrees are at a disadvantage (if anything this stands out if everything else is good).

Also, I don't believe that simply taking a commerce degree shows you have an interest in financial markets and business. A lot of people I know who take a commerce degree do it just for the sake of it and have no genuine interest in financial markets. You need to show some activities beyond uni that demonstrates your interest in financial markets and business (e.g. trading competitions) in order to stand out from the ordinary commerce student. Simply saying "I've got a commerce degree which automatically means I like business more than someone with a science degree" doesn't cut it.

The actual academic content you learn at uni (even in commerce especially beyond first year) is pretty much useless in a graduate role with an IB so recruiters don't usually care about what you've learnt at uni (many past graduates and even managers have highlighted this). What you also need to keep in mind is that most IB roles are not very technical (unlike IT, accountants or actuaries) so many IBs do not specify a particular degree requirement for graduate roles because the technical knowledge within any degree will hardly be useful in the role + they can always train smart people to get up to speed with the proper technical knowledge if required (a lot of that technical stuff in their training you never learn at uni). In fact, many recruiters go to great lengths to stress their "diversity".

What recruiters primarily look for is smart people with evidence of excellent skills and experience moreso than degree background e.g. evidence of leadership, teamwork, analytical skills etc. A student with these desirable attributes would be more valuable than someone who simply has the relevant degree background.
 
Last edited:

abbeyroad

Active Member
Joined
Mar 9, 2008
Messages
891
Gender
Male
HSC
N/A
Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

B Arts in Philosophy
believe it or not if you combined that with a major in finance you might just get in.

good due diligence requires a critical mind
 

hungwell1337

Member
Joined
Aug 30, 2008
Messages
885
Gender
Male
HSC
N/A
Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

doing a major in finance teaches you nothing
 

Newbie

is a roflcopter
Joined
May 17, 2003
Messages
3,670
Gender
Male
HSC
2003
Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

Hello all
Lol im so fucken bored at work so i decided to revisit my past life

good to see people still interested - validates my existence,
happy to answer all your IB questions! im legit -> check my join date yo im so fkn old.
 

lyounamu

Reborn
Joined
Oct 28, 2007
Messages
9,998
Gender
Male
HSC
N/A
Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

^where do u work now
 

Newbie

is a roflcopter
Joined
May 17, 2003
Messages
3,670
Gender
Male
HSC
2003
Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

I work in the investment banking division of a retail bank:angryfire:
 

runnable

Active Member
Joined
Aug 20, 2006
Messages
1,412
Gender
Male
HSC
2008
Re: Out of these two "qualifications" which is more highly likelly to INVESTMENT BANK

I work in the investment banking division of a retail bank:angryfire:
Unfortunately there's no such thing. Institutional banking perhaps?
 

Users Who Are Viewing This Thread (Users: 0, Guests: 2)

Top