For my fellow monkeys in London...
Is it true that in the recruiting process (for UK analysts), you are required to take a test? Can someone expand on this. I am a US student thinking about going to a top masters program (either cambridge, oxford, LSE, or warwick) and just wondering about the process there.
Thanks
It depends on the Bank, some require you to go to a test center, other have just the standard interview process.
Mostly yes, they're easy and anyone who finds them a problem rightly isn't cut out for banking.
They mostly consist of very easy math problems etc. Look at this website for some practice: http://www.practiceshltests.com/
[quote=Matrick]They mostly consist of very easy math problems etc. Look at this website for some practice: http://www.practiceshltests.com/[/quote]
Is it the numerical test or a mix of everything? The numerical one looks easy especially since you are allowed to use a calculator.
Also www.assessmentday.co.uk
Is there a section about this in the FAQs at all? Just wondering...may be a good addition?
A lot of the big banks have assessment centres, where you go through basic math problems. Nothing major if you want to be an analyst.
ON the other hand, I would stay away from Warwick if I was you. University is having a ton of problems with staff, as many were let go and programs they offered were cancelled. General feel for the school is not great and with you being a US student, I wouldnt hold my breath finding a good gig post graduation.
interesting. thanks for the heads up. Would you say the other three schools are good then? I would preferably like to land a job back in the US, but multiple sources have told me this is not possible straight out and that I probably have to work there for a year or two and then come back. can someone chime in on this?
The other three are great schools, all with very good placement records from what I can gather. If you're looking for a fourth option, consider Imperial. They have good OCR and obviously with the London location, good networking opps.
Another thing to consider is the strict application of working visas in the UK right now. Laws were passed recently to reduce the amount given, so its likely you'll have a better chance heading back home then in London. Perhaps a US bank in London may offer some good opps. Good luck.
Doing that is probably the easiest thing to (2yrs in UK and then transfer). However, I know that the LSE has a pretty broad Alumni Base in the USA, I am however not sure about Cambridge and Oxford. I do think Oxford is well represented as well though too.
In general, grade inflation is a major issue in the UK at the moment, and I have heard from several seniors at banks that this is why Banks have somehow found liking in hiring people who graduated from schools in continental europe, as they often times come with some advantages in comparison to their UK educated counterparts.
I see. I hope they focus on undergrad too cause I am coming out with a good GPA from a top US school that is pretty grade deflated. I am a career changer though so that is why I am thinking about these programs
Every BB i interviews with so far (this is for UK only), had me take only the numerical test, which is basically a test of logical thinking and whether you are able to read and interpret graphs and tables. I once took the ML and MS test back to back and I recognized various problems from the ML test and thus finished the MS test roughly 8 minutes ahead of time.
Some have verbal tests too (essentially SAT critical reasoning). If you're even considering LSE, these tests will be absolutely no problem for you. I think it's mostly a way to weed out Continental Europeans who don't understand English well enough.
Thanks for all the info guys. Much appreciated. I know this is a really detailed question, but do you guys know for those programs if it matters whether I do a masters in management or if I do a masters in finance? I know finance is preferred, but I talked to an adcom at one of those schools and given my background and stats, I will be a very competitive applicant for the management program ( have yet to talk to the finance people). I want to go into banking after though. Anyone have any idea if banks put an emphasis on one program or the other?
Thanks
and yea you are right...Imperial looks like they have better placements.
As far as I'm aware, the management programs place in IB as well. I would imagine most people would look for the surer bet in masters in finance. I dont think it poses that much of an obstacle. Look, for example, the Duke MMS program. A management program that does well into IB.
Thats true. Hopefully they place well into top companies in industry as well. Really don't want to do management consulting....
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