Is economics/finance worth studying in UK if you go to semi targets?

Is a  business degree actually worth studying? I’ve applied already, but I’m starting to regret it because the universities I’ve applied to aren’t really elite “target” schools, and finance careers seem extremely elitist.

Am I basically cooked,  know finance isn’t just about the degree itself and that networking, internships, and experience matter a lot but how difficult is that process in reality? How competitive and manageable is it to actually break into a good role after graduation from a semi-target university?

I’d really appreciate insight from someone who’s studying a business related course and gone through this process. I’m trying to understand whether this path is realistically viable or if I should be reconsidering my options. The universities I applied to are Durham, UCL, Brisitol  and Exeter all pretty much semi targets.

5 Comments
 

Breaking into finance from a semi-target university in the UK is absolutely possible, but it requires a strategic approach. Based on the most helpful WSO content, here’s what you need to know:

1. Semi-Target Universities Are Not a Dead End

  • Universities like Durham, UCL, Bristol, and Exeter are considered semi-targets, meaning they have some representation in finance recruiting, but not as much as top-tier targets like LSE, Oxford, or Cambridge.
  • Semi-targets often have alumni networks and some on-campus recruiting, but you’ll need to work harder to stand out compared to students from target schools.

2. Networking is Key

  • Networking is critical, especially from a semi-target. Start early by reaching out to alumni on LinkedIn, attending finance-related events, and joining relevant societies at your university.
  • Cold emailing and informational interviews can also help you build connections with professionals in the industry.

3. Internships and Work Experience

  • Securing internships is crucial. Start with smaller firms or local opportunities if you can’t land a big-name internship right away. These experiences will build your resume and make you more competitive for larger roles later.
  • Spring weeks (first-year internships) are a great way to get your foot in the door at top firms. Many students from semi-targets have successfully leveraged these programs to secure summer internships and full-time offers.

4. Grades and Extracurriculars

  • Aim for a strong GPA (ideally 2:1 or above) as academics still play a significant role in finance recruiting.
  • Get involved in finance-related extracurriculars, such as investment societies, case competitions, or student consulting groups. These activities demonstrate your interest and commitment to the field.

5. Competitiveness and Manageability

  • Breaking into finance is competitive, even for target school students. However, with the right strategy, it’s manageable. Many semi-target graduates have landed roles at top firms by being proactive and persistent.
  • The process can be challenging, but it’s not insurmountable. Success often comes down to how well you prepare for interviews, your ability to network effectively, and your willingness to put in the effort.

6. Is a Business Degree Worth It?

  • A business or finance degree can be valuable, but it’s not the only path into finance. Many professionals come from diverse academic backgrounds, including engineering, law, and even humanities.
  • What matters most is your ability to demonstrate relevant skills (e.g., financial modeling, Excel proficiency) and your passion for the industry.

7. Final Thoughts

  • You’re not “cooked” just because you’re at a semi-target. Plenty of people from similar schools have broken into top finance roles by leveraging networking, internships, and strong preparation.
  • If you’re truly passionate about finance, stick with it and focus on building a strong profile. If you’re unsure, consider exploring other fields or career paths that align with your interests and strengths.

In summary, while the path from a semi-target to a top finance role is more challenging, it’s far from impossible. With determination, strategic planning, and consistent effort, you can absolutely make it happen.

Sources: Don't come to Penn/Wharton to work in finance and make money, An old man looking for advice, The Rise of The Semi-Target, An old man looking for advice, Q&A: Buy-Side Analyst

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Most Helpful

Out of the ones you applied to, I would say that UCL and Durham are the ones to target, followed by Bristol and then Exeter. All are excellent schools tho, with some EBs hiring mainly from a single school (e.g. Evercore is known for hiring from Durham). You're not cooked as banks actively recruiting from these schools, if not quite as much as oxbridge, imperial etc. Your degree does not matter, as long as you have one from somewhere fairly reputable (all of your schools are excellent as mentioned before) and you've done networking, internships, finance clubs/societies, know your technicals etc. as thats what banks really look at. Being at a target may get you a first round interview, but after that it's all you. So, in conclusion, all are great schools and you would'nt be overly disadvantaged going to any of them, so make sure to work on your technicals/ understanding of banking as that's what they actually care about.

 

Vero incidunt tempora qui. Quasi dolor aliquam facere incidunt repellendus dolore. Impedit eveniet officiis distinctio laudantium adipisci. Possimus aliquid vitae dignissimos aspernatur facilis ipsam. Illo blanditiis dicta eveniet quos. Aspernatur maiores fugiat inventore commodi illo eligendi.

Id optio voluptas omnis. Est voluptas consectetur velit nihil cumque repellendus. Nihil minima quia blanditiis unde omnis ratione dolores. Provident aut sequi sint reiciendis. Laboriosam aliquid voluptate et esse.

Eligendi molestias quaerat velit dolor modi ut doloribus. Fuga odio nostrum deserunt aut aut architecto.

Ipsam in ad quos omnis non qui perferendis libero. Necessitatibus saepe ut doloremque. Quo vel sed quasi eligendi ducimus qui. Ratione nemo et rerum.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”