How often do people from Durham Uni get hired for FO roles?
I'm an international student thinking of accepting my offer from Durham to study Finance.
I heard it's a good semi-targetted school and was wondering how often people from there got hired by investment banks.
Is it bachelor's or master's?
In the first case, I've seen a good amount of people going into FO IB roles. Obviously not as much as Oxbridge/LSE/Imperial but I think there is still a good shot.
If you're talking about a master's degree, then forget it.
That's great to hear! I'm doing my bachelor's at Durham so no worries!
A bit unrelated but I also got an offer from Bristol. From the two, which uni do you think investment banks look at more?
Bristol > Durham imo....atleast for Economics.
To me it was always:
Oxbridge>LSE>=Imperial (although doesn't have undergrad Econ) >=UCL/Warwick>Bristol>Notts/Durham/St.Andrews/Edinburgh>Bath/Leeds/Exeter/York
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Certain background I assume refers to independant school Sloanie type?
As one of the semi-targets, it's one of the strongest. Among Brits, it has quite strong layman's prestige - rightly or wrongly, it's viewed as equivalent to UCL when considering university choices. So if it's a Brit reviewing your application, there's few better semi-targets to have. If it's a non-Brit, they'd probably prefer Nottingham or Bath, which are stronger in "banking relevant subjects" and therefore tend to see more applicants to banks than Durham.
But Durham has a pretty strong, albeit small, alumni network, not a huge amount of people competing for FO, and the general consensus is it's a pretty fun place to spend a few years. It's also a near guaranteed place at a Big 4, for what it's worth. I'd choose it over Bristol, personally. Both are in the top dozen universities in the UK, but enough Brits will consider Durham as more equivalent to UCL and Warwick (alongside Edinburgh) than a peer of the other semi-targets to make Durham the better choice here.
That's great to hear! Now I know I wouldn't be hurting my chances if I picked Durham.
Are you on drugs or something?
they probably went to Durham
@gemwilliams1555 I work at EB and went to target undergrad and post grad and some parts of what SLB00 said are correct - it is a strong school in general but only a semi-target for IBD.
Just want to give some context from recruiting stand point on just IBD (because that is what you want to know)
Durham unfortunately is not viewed as equivalent to UCL in recruiting (I am not referring to how smart the people are/ how good the teaching is etc just purely on placement because at the end of the day that's what it matters) - the definitive target pool of undergrad unis are Oxbridge/LSE, Imperial and UCL in that order, with Oxbridge and LSE being very difficult and pointless to really separate the two (there are arguments supporting either one is better). Personally in my EB there are more Oxbridge people. You can also add Warwick to the list, they have a good representation on the street but perhaps after UCL but 100% better than semi-targets.
Now semi-targets gets a bit blurry because aside from a few main feeders - Durham, Bristol, KCL, Exeter (esp. through industrial placements) and Bath (also through IP), the rest of the good unis such as Nottingham and Edinburgh are more hit and miss (i.e. maybe through diversity recruiting or through specific uni events rather than just normal cold applying online) . For sure, exceptions exist and plenty of bright students from Notts/Edinburgh etc make it but having done experience at BB and EB in FO (IB & S&T) there is not really a clear pattern to say they are solid semi targets, nonetheless great unis. Also, all the target unis that aren't oxbridge/LSE are considered "oxbridge rejects" too, the only reason why Durham is more similar is because they run a college system similar to oxbridge whilst the rest of the targets dont. Not that it matters but really no need to label your uni as "oxbridge reject" as it is just demoralising.
So back to your original question - you will be more than fine being at Durham albeit you should try extra hard to land any finance experience in your first year summer and put a lot of effort into joining clubs and doing extracurriculars. Get in the recruiting pipeline early by applying to Spring Weeks and use any diversity programmes if you qualify, then once you get the first branded spring you can use that to apply to summers or just convert your springs. Convert your summer and you're in FT IB as you wanted. If you really want to beef up your CV then consider doing a finance masters at LSE, Oxbridge, LBS, Imperial and maybe UCL/Warwick, in that order. Non-finance masters could be good too for brand name although you will have to explain why didn't you do one (just blame it on costs, £35k for a masters degree is stupidly expensive). For non-finance (STEM preferably to draw some commonalities with finance) then just do Oxbridge, LSE, Imperial and the rest are all pretty even. All in all you are in a good place.
Side Note: if you are ultra keen to get into target then during your first year in Durham re-apply to undergrads again and only quit Durham if you get into one of the targets. Personally dont think you need to do it but if you were to do it its best to do it asap to not waste youth.
In my EB would say it’s 40% Oxbridge/LSE, 30% other U.K. unis, 30% EU unis
I fucking love you. Thanks dude, I really needed this. I couldn't seem to find information this detailed online just vague answers.
You have my gratitude.
I mean there aren't that many IP programs. The only ones really are MS' S&T, UBS AM / S&T and Lazard. There's a lot of placement out of Exeter outwith just IPs. SW and SA placement are still pretty solid.
It’s a good school, below UCL Imperial etc in my mind but you’ll get some interviews. My boss at an EB went to Durham
Undergrad - yes, semi-target and you can make a FO from there. Personally I would pick it over Bristol.
Grad school - no, mostly int'l students who pay full fair and then go back home after.
Good luck!
Went to Durham, had a great time. You can place, need to network.
How did networking help you?
Personally I haven’t been helped in any way by being recommended (by actual friends) to FT programmes, and although I’ve recommended like 2 people when I started, they haven’t had interviews and now I realised most are just quite weird and uninformed about IB during calls, and I mostly stopped taking them because it’s useless to both of us (since most of the time they don’t prepare)
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