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from what i've heard, this year is the first time they're taking the vacationers to the blue mountains and it'll cover the technical training needed on the job (and provide some team bonding of course)

ideally, u want to do two majors that complement each other (given you know where you wanna work, e.g trader, IBD) i rck econometrics is a good way to go with finance because you have to work with alot of investment models esp as a trader and fund manager so employers probably like metrics...

you do realise that IB interns in the IBD will work like 15 hrs (or more) a day, while the guys in trading work ard 13, the hourly rate isnt as good you think it is. The vacationer pay rate is basically pro rata of a first yr grad's base salary + loading to compensate for the absence annual...

i'm going to a big 4 that's paying 26/hr my mate got into UBS operations (back office), they only get around 800 a week. I also know a few people goin to macq and they're getting 1000 a week. at the end of the day, the money doesn't really matter, it's all about gaining some valuable...

I think prestige definitely plays a part, i mean it definitely rolls off the tongue if you work for UBS as opposed to some unknown company. Turtleface is right in that there is a cultural shift in the supposed "Gen Y", grads now are always looking out for better opportunities and more money...

i think it's more that big companies have a hierachy and structure in place, so you know you can move up the corporate ladder and have career opportunities like further studies or secondments. You also get to build some good relationships with big clients, people love meeting bigshots and...

well, i guess it's not suprising, i mean it's not exactly a secret that Deloitte has been looking for a merger with numerous 2nd tier firms. Wonder if it's budgeted revenue will now rival EY or KPMG.... On the point of Horwath vacationer/cadet, it must feel quite awesome but weird.

lol ND's already got himself in the door with Goldman Sachs (congrats btw ND). Personally i like to work in fund managment, the courses you do at uni (electives) are completely up to what you're interested in, i'm doing derivatives/risk managment atm, probabaly will be doing security analysis...

LOL. Fair enough

well theres a oversupply of actuaries grads atm, so unless ur a co op in actuarial studies (shoe in), you should consider that actuarial jobs are at a premium. IB's definitely a good option as ND suggested though because of the quantitative skills actuarial grads possess. Because the finance co...

If you become a fellow of the institute (i.e getting all the exemptions) then you're pretty much set(good pay, don't have to work nearly as hard as IB's), but i've heard it's really difficult and some actuary grads don't get their exemptions for years.

you don't have to get personal about this mate, i never said anything about been king shit myself and better than you, i dont think any of the others have said so either. As you said, there are alot of traders who are ordinary people e.g mum and dads and retirees, it's a pretty profitable and...

mate no one's doubting your intelligence and ambitions in establishing a career in finance, i think it's great that you're getting experience trading stocks and agree that playing ASX trading games are nothing like the real deal. However, to work as a trader in equity/fixed income, it's not...

No one is disputing IB's are paid well and they can set themselves up for life early on and retire early, the knowledge and the confidence you gain from working in IB would definitely be invaluable. Of course you can leave IB early and move onto something better as well, e.g. management...

lol, oh right, how much is a typical starting salary at Bain? what sorta marks do you think u have to have to stand a chance at getting into these firms? i know BCG stipulates you have to be within the top 5-10% of your cohort.

I think they're about the same in terms of remuneration, maybe a little lower because IB's have a better bonus scheme. It's very difficult to get into managment consulting straight outta uni, competition is pretty intense to get into places like BCG, Mckinsey's and Bain.

Re: Accounting Cadetships i agree, people saying how an auditor is a shoe in for an IB job when they want is kidding themselves, the reason it might tbe easier to get into IB for auditor or any accountant for that matter is the fact they've had experience in a professional environment &...

Re: Accounting Cadetships I don't think people regard GSJBW as 2nd tier, in fact i think most people still think it's the most prestigious IB to get into, although UBS is by far the biggest IB in Australia in terms of M&A's (30% of total), if i wanted to go into IB i would definitely want to...

Re: Accounting Cadetships ND i know bonuses are a big part of IB's pay, but not everyone earns the max amount of potential bonus because it's based on your work efficiency not hours. On the point about working up to VP, again not everyone will be a VP (just like aspiring to be a partner in...

Re: Accounting Cadetships i think it's pointless to argue the salary difference between big 4 and IB grads. As seremify007 pointed out, IB's (esp in corp finance, equities & fixed income) work alot more than an average big 4 accountant, most of them start at 715am in the morning and don't...