Non EU Students trying for IB Placements in London.

Hi All,
I have managed to get admission in WHU, HSG/St Gallen, SSE, ESCP and EDHEC. Some with scholarship, I choose EU countries as I wanted to travel more and learn a new EU language. Do IB BB's in London hire non-eu students from these Uni's? I have found a few alumni on linkedIn but seems really rare. I have interned at SWF in the Middle East too.
Thanks in advance

 

Banks in London really prefer you to know a European language. If you're part of a coverage team, A LOT of your deals will be non-UK deals so knowing a European language definitely helps. The universities in London are absolutely crowded with non-EU students (mostly Chinese & Indian) and from what I've seen they often have a very difficult time recruiting in London. 

 

chipperchipper:

yea makes sense, I'm half-descent with French I think I would be able to get native fluency by the end of the MSc (3 yr with 1 yr experience), my main target is Paris. Im looking for London as back-up.

then my advice would be to go with ESCP(my guess is it's the MiM and not MFin) because it has good placement in London and you're gonna be able to live in two different countries so you'll have the possibility to learn to a pretty good level two different languages

 

In that case go ESCP for sure. WHU and HSG are very DACH-focused. Sure, there are people who go to London as well but very very DACH-focused. I'm from Sweden so got good insights into SSE. Together with CBS, it's the best school in the Nordics. However, recruiting is very concentrated to Stockholm and you can forget about a career in Stockholm unless you are 100% fluent in a Nordic language. Placement in the UK from SSE is very limited and pretty difficult because SSE is not really a target for London. I would say it's a tier-3 target for London. 

 

It may help to be realistic here - very difficult to balance learning a language in 2 years or so while at the same time getting good grades, pursuing gruelling internships and maintaining your ECs record.

London is a hit or miss - I don’t know how “hard” the 2023 recruiting season was but despite making it to 3 ACs and nearly being amazing on technicals (product specific group which I’ve a deep interest in and had done some 3-4 live mandates with significant involvement during my internships), I still got dinged. Even though bankers in previous rounds said they’d push for me internally and other bla bla

 

Yep, that is quite true I guess. A majority of the alumni I spoke to said It has just been pure luck, as they have seen candidates with lesser qualifications and interpersonal skills get through. Quite uncanny. 

 

There are countries where people speak French natively (in North Africa, i.e.) and people are considered "non-EU".

Also, since OP is learning French and his fluency is around other Asian languages, he might be Indian.

It is also more common in the Asian culture to list all languages you know a few words in, while in Europe you'd only list the very fluent ones. I have yet to meet a person from Asia who is truly native in English.

 

But speaking French and being “half descent” French are different things - I imagine by “half descent” OP means one parent is a French National rather than a Francophone? Or as you say we should really question their English language skills! 

 

Aliquid assumenda molestias distinctio sunt ab. Quidem est eaque est suscipit laudantium rerum nihil. Deserunt dolorum at est magnam eaque ut odio doloribus. Et maiores totam non temporibus quasi.

Dicta maiores impedit voluptatem. Sint rem cum non qui assumenda aut perspiciatis natus. Impedit nihil porro et esse. Sit quam minus qui adipisci et.

Dolor tempore rerum occaecati dolores. Animi laborum eveniet qui tempore possimus mollitia. Recusandae aut eum sed sequi recusandae velit inventore in.

Ea aut ut et itaque. Rerum sint rerum accusamus ut ipsam. Libero eum illum debitis debitis. Fuga autem est repellat ut fuga ex. Deserunt non eveniet voluptatem iusto est deleniti vel. Ut voluptas necessitatibus officia consequatur sequi quaerat. Doloremque nobis consequatur eum dolorem asperiores quam ducimus.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
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...”