London - Apart from Ibanking/PE/Primary markets, aware me on other options?
(cliffs at bottom for those who dont want to read)
Hello all,
I am wondering, what other FINANCE careers/paths could I undertake apart from investment banking/PE/etc in London?
Essentially I am a pretty recent graduate who is trying to put solid FINANCIAL ANALYSIS experience on my CV, but working in the primary markets is extremely competitive and I am looking at my alternatives.
Some point out Accounting (big four, accounting in F500) but It feels so far out from banking/proper finance that I am really turned off by it. There is the advisory group in accounting but again very competitive to get into.
I really feel I should be working in banking, and I hear apart from the big four and BB, there are over 300 banks in London.
So my question is:
1. What other sectors of banking could I get into?
2. What type of banks could I work for in London?
I am trying to put solid finance skills on my CV, not accounting, not other unrelated skill.
So far the main areas apart from primary markets operations are corporate banking and retail & business banking. I am quite interested in corporate banking, RBB interests me much less as it seems really vanilla, and I dislike dealing with main street customers.
Basically any tips on what I could get into apart from IB/PE ?
I tried going for Barclays corporate banking but so far application is not going anywhere...So am quite interested in other finance areas not dominated by the major banks...On the plus-side, the work athmosphere could be "fun" in a smaller niche-bank, with alot of actual real work rather than corporate nonsense if you know what I mean.
Cliffs:
* What areas of finance could I go into apart from prestigious IB/PE where I could build solid finance skills in London?
* Over 300 banks in London. Not so interested in Retail/Business banking (unless you prove me wrong). What else can I do apart from PE/IB?
I saw that the French banks and other such banks might be hiring so that's one idea (they pay ALOT LESS but Im in it for the FINANCE EXPERIENCE not the money at this point...)
I do know a couple friends who made it in very niche PE firms, but am more interested in banking.
Thanks!
Nic
Have you looked into Private wealth management/ or Asset mgmt? Corp. finance in a global company? I don't work in Lond., just my 2 cents.
This might not be what you are looking for but London is one the biggest Insurance markets in the world, and the companies offer a variety of products two of them being credit risk and financial institutions insurance. Might be something worth looking into.
Commercial banking is the answer to your question. Please stop capitalizing entire words in the middle of your sentences.
but they NEED emphasis, why can't you SEE that?
One thing you might want to CONSIDER is SHIP BROKERAGE. London's a big hub for that. It's not banking but it offers a lot of interesting finance related work if you're into the whole "client facing" thing.
Thank you for the answers. It does provide with some variety, and sorry about the capitalizing.
I am mostly interested in more technical products, as I can't imagine talking with clients about credit cards and savings accounts :)
I definitely did notice Insurance groups in London, to be honest It was not the first thing that sprang to mind but will look into it, aswell as others mentioned here.
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