Hi Monkeys (haha)
So, I am a senior at High School, and have some questions for you.
I have been offered a fulltime job at KPMG and PwC right out of high school, where I will be a trainee. It is 30-40 hours a week, and I will required to read part time at the University 2 afternoons a week (about 14 hours). This way, my University degree will take 4 years to obtain, where it normally takes 3 years (I'm in Denmark). The pay for the first three years will be:
1st: $37000
2nd: $43000
3rd: $51000
4th: $59000
I do not know if I should take the offer? The Danish tax is at 50%, and I really want to go into Investment Banking. I was thinking of doing the first year, or 2, and then go into fulltime University? (University in Denmark are free if you are a citizen). The job could help my resume? Or should I ditch the offer, and be a fulltime student? I plan to major in Finance or Economics. If I take the job, I will have to attent University of Southern Denmark (non-target in Denmark), but if I'm a fulltime student, I will attent Copenhagen Business School or University of Denmark (both target in Denmark).
So, what are your suggestions, what should I do, and what would help me get a job in investment banking (might be in London, Wall Street would be tough without a greencard)?
Ditch the offer, enjoy college life.
You're saying you wanna become an Investment Banker, will that still be the same in 2-3years time? Take some time to look around you, discover the world. I'm sick of these kids saying they wanna become bankers if they haven't even had a decent finance course before.
Going to a target full-time, getting good grades, becoming involved on campus, and pursuing internships in more relevant departments at other firms/banks are the keys to success. Stick to the formula.
Just my $0.02
Thanks, will take that into my considerations :)
Big4 experience before even college??? In the US, you would be well ahead of the competition. Big4 -> college -> pretty much anything you want.
Your system must really be different than ours.....
Big4 in Europe tends to vary a lot by country. I have already gotten FT-offers from Big4, the MD saying that I don't even have to graduate (target uni in my country, non-target for Europe) to be able to work there. And we're supposed to be one of their larger markets...
I know, I would look perfect on my resume, specially if I'm going to London, where it is not normal, or if I manage to come to the US! Yeah, very different, college is free and so on, wherefore there is a lack in people applying for these financial jobs. There simply aren't enough people to fill the jobs..
I'll have to disagree with UFOinsider. I think in the European banking market, you'll be more attractive with a degree from a target school and some solid corporate finance internship experience. From what I've seen, former accountants are not well respected at least among IBD folks.
So the way I see it: a) you don't need the extra money, go to CBS for undergrad (if you really get in), evaluate whether you want to trade up to an even more target school for a MSc degree and you're set up quite well b) you need some cash to get off the ground, take that job but then move to a target school c) you really need the money, take the job and the on-the-job degree, then try your best to still make it to banking
But that's obviously just my view of things...
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