Investment banking without finance Undergraduate degree
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Work on your English. Banking is a client facing role and communication skills are absolutely essential. At this rate it won't matter what school you go to...
Honestly, I don't really have much problem with English. I just wanted to know if Bcom is the only way of breaking into ibanking in Canada :D
Like the user above said, work on your English.
"I would like to know the ways to break into investment banking" "I am interested to do banking in Canada, not in the US" " I don't really have much problem with English"
If you don't know what's wrong with those sentences, you need some work. The truth of the matter is that if your English skills aren't strong, people will not hire you - even if you come from a great school.
While it is possible to get co-ops/internships via a non-business degree, it is exponentially harder since most Canadian banks will do OCR at the business schools. I remember at my undergrad only business students had access to IB jobs via OCR. I think Univ of Calgary is fine for IB - however it'll likely only place into Calgary. Do a linkedin search and see how many Calgary alums are in IB.
There are no better ways to get into IB than to go to the schools listed. I think you posted on the forums before as well? I'm wondering why you seem so intent on taking a circuitous route to banking?
Doesn't matter what you take. Although the degrees you listed are probably adequate....if you want to break into any industry with a disadvantage...your going to have to HUSTLE. If that doesn't work hustle harder. Also how OCR works depends on the school. For some schools IB recruiting is exclusive to business schools...others allow for different programs to be included.
Breaking into IB from a non-finance degree (Originally Posted: 02/12/2016)
I was wondering, if its possible to break into I-banking as a non finance major, I'm majoring in Electrical Engineering and Economics(my school does offer Finance,but its extremely difficult to get in(Close to a 3.8) and my isGPA close to a 3.5(i am a sophomore).So i was wondering if it is possible to break into I-banking and how would i get around to doing that. I go to UT-Austin if that is of any help. It is a top 10 engineering school and a top 10 business school and i kinda am kicking myself in the foot for not applying to business( finance) in the first place instead of engineering
PMed you
Thanks
If you keep the GPA to a 3.5 and network, you should have no problem. UTA is obviously an excellent school, and a GPA in the mid 3s in engineering demonstrates a high level of intellectual ability.
Nearly all the energy groups in Houston recruit at UT and I know of at least a few engineers who have gotten offers. Ask around and see if you can find any engineering upperclassmen who interned this past summer or recent alums to ask them how to best prepare and position yourself.
Can i do iBank with no relevant degree?! (Originally Posted: 07/15/2012)
I hope i've come to the right place.
OK. I've been in the journalistic industry for around 2 yrs, covering labor strikes and industrial actions in China. I got a Master's in journalism. Nothing else.
But every night deep inside my heart, there's always a voice telling me iBank is my true calling, and I've proven track record of being good at Math. I'm comfortable with doing equity research, for instance.
To follow my true calling, I've decided to take a part-time 1 yr diploma program in banking and finance, and after that, I probably need to take another two years in completing a bachelor's in banking. Do you deem that as insane?
That said, some friends are suggesting that it'd better for me to take the CFA path, since that equals a graduate degree in banking and finance. I'm bewildered by these two option.
meanwhile, I'm thinking if I shall continue with my current job as a labor reporter, or switch into a more specific industry, such as energy, internet, as an early prep for my pursuit of a banking analyst job?
Your generous comments/suggestions/insights would be immensely appreciated.
The CFA is NOT equivalent to a MS Finance, however it may put you on the right path to working in equity research. And when you say you're comfortable doing research, what does that mean? Are you able to build valuation models and forecast earnings? Can you do the technical analyses that equity research entails?
As well, realize that investment banking and equity research are two different things. Banking is a sales job for which the CFA is nearly useless. ER is more specialized and will be more difficult to break into initially.
All that said, you should also consider a MBA. If you have solid work experience aside your two years in journalism, you may be able to get into a good program (assuming you score well on the GMAT). This will allow you to take advantage of the recruiting cycle.
And make sure to go through related articles on the site for info on recruiting, breaking in, networking, etc. Good luck.
Thanks so much! Your reply helps! I'm downloading his breaking in ebook now. :)
P.S. I was ashamed of my unmeasured saying I felt comfortable doing research. The background research that the news department does is incomparable to what a banking analyst does.. And I don't have any solid work experience apart from writing and editing, shall I switch into another sector before it's too late?
Well, when considering what sector you work in, it may be somewhat difficult to make a noteworthy entrance into another field right now. More experienced users of this site should chime in at some point about what your options are in that arena. In my opinion, you should leverage all your strengths - you do journalism and cover China, so you may consider beginning to cover more finance-oriented topics in China or the APAC region. This gives you a background for equity research, which has a focus on writing reports to go alongside research and analyses.
Do that for a few more years and shine at it, then apply to a well-regarded MBA program. The MBA is the transformation tool you're looking for here, as it is one of the best ways to change industries.
I did an internship in Asia and my boss was a journalist before becoming a management consultant; he did journalism for about 4 years and did his MBA at a European school (HEC/LBS/EML), then came to China to work in consulting. So yeah, play on your strengths, and see what other users have to say.
Highly appreciated. Previously I did cover asset/wealth management products in Asia. Now is probably the time to pick it up again. :)
You should only think about getting a CFA once you actually have the job to get promotions. Everybody thinks that they need to turn towards education in a down economy, and while that's partially true, there's nothing that beats networking with a good GPA/ (3.7+ is good; 3.9+ is undeniable.)
Thanks for your input! Unfortunately my GPA is not so good. 3.4 for Bachelor's and perhaps even lower for Master's. To compensate that, I'm doing my utmost to socialize with bankers in town. :) I've decided to temporarily give up the extremely mundane 900 study hours now.
Breaking into IB from a non-finance degree (Originally Posted: 02/12/2016)
I was wondering, if its possible to break into I-banking as a non finance major, I'm majoring in Electrical Engineering and Economics(my school does offer Finance,but its extremely difficult to get in(Close to a 3.8) and my isGPA close to a 3.5(i am a sophomore).So i was wondering if it is possible to break into I-banking and how would i get around to doing that. I go to UT-Austin if that is of any help. It is a top 10 engineering school and a top 10 business school and i kinda am kicking myself in the foot for not applying to business( finance) in the first place instead of engineering
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