IB in London vs. NYC
Hello!
I am going to be a freshman at Brown University in the fall majoring in economics, after recent conversations with a close friend and my uncle who both work in IB, I am debating IB in London vs. NYC. I am planning on working in IB after college and was always just planning to go to NYC but our friend used to work in London and it sounds like I would enjoy the lifestyle over there more. But I have heard it can be very hard to get a job in London so I was wondering if that was true, and if it would be worth it to try to get a job in London over NYC?
Also would it be easier getting a job in London if I went to a British university, such as LSE, because that is what our family friend did before moving back to the US for business school. I was planning on studying abroad at LSE anyways but would transferring there be more prudent if I would like to work in IB in London? Or would applying with my degree from Brown still hold weight?
Also I forgot to mention I do speak English and Spanish and know some German, so I will be taking German in college to become fully fluent.
NYC is easier. Path of least resistance would be recruit in NYC and ask to transfer to London office if you really wanted to move there
Agree with the ‘fit’ part and yeah in London getting the interview or in front of someone is much harder, but the interviews are relatively easier to get through.
I don’t agree with the FT part though - this year only about 7-8 of the 30-35 reputable banks even opened in London - and the ones that did took almost no one at all (outside of Barclays capital markets) - overall I don’t know a single person personally (was at a target) who managed to get an FT without an IB summer
Disagree. On a pure numbers basis there are less spots and more people applying. Just go on linkedin and check out the alumni destinations for cambridge vs harvard
Problem with London is the IB market is smaller and you're competing against all of UK + European hardos with multiple masters and languages + Asian nationals too. I reckon it's tougher to break in and even people from top targets (Oxbridge) struggle often.
I do speak Spanish and some German so I will be taking German in college to get up to full fluency if that makes a difference. Since I know Spanish I am looking into learning Italian as well since I like learning languages
Ok thank you, that is actually so helpful, I was wondering if going to a U.S. uni would hinder me at all but that is all good to know, I will definitely keep up with my language skills then. I also did not know you could apply to both the London and NYC offices for some companies so that is also something I will keep in mind.
Are there certain languages that are more helpful to know?
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