UK Finance Recruiting Isn’t What It Used To Be
Made this after noticing how much tougher and more over-engineered UK finance recruiting has become in the past few years. Way more steps, far more competition, and nowhere near the number of spots older cohorts describe.
Definitely not the process your MD went through.
In hindsight I probably should have added Dartmouth Partners too.
disagree with the premise but always like to see original content on this website
forgot to add sameer merchant lol
When we win, Dartmouth Partners will be de-funded and divested
Missing:
Richard & Julie (Wiltshire, 70yo - P&O Cruises and their Volvos won't pay for themselves)
Charles (Retired MD, Oxford PPE, now a Tory donor fast-tracked to the House of Lords - contemplating starting his own boutique and changing his domicile to Italy for tax reasons)
Clio Finance / Blackhelm Equity
not too much on blackelm equity there mate
Yes, there are way less positions relative to applicant numbers but also far less nepotism and elitism so arguably more meritocratic (I still think UK recruiting is very dumb). Also, your flow chart is a bit shit.
Meritocratic? Ldn recruiting is a full dei except for eu masters
UK finance recruiting has definitely changed. There are fewer spots and more steps, but I think it’s also more merit-based now. It’s tougher but not impossible. Focus on networking, preparation, and standing out with your skills. The process may be different from what older MDs experienced, but persistence pays off.
I agree. I also don't think it's as DEI as people think. I do think the industry intake will be more older now, dominated by a handful of UK targets/semi targets at the penultimate (2nd/3rd yr of uni) level and then layered with Euro Masters (25 ans) with 3 internships at off-cycle or FT if they haven't landed a summer. Most MMs and some boutiques (lesser extent at BBs) will in my view find their talent pipeline from the Big 4 - limited training, ACA qualified, lower cost in terms of training & time-saving from a 27yo price-taker who will happily grind
For what it’s worth, I run a global team that has intake in NY and London.
My experience is it’s harder to break in to London and the people who do tend to go through more hoops, but once in the seat, the group in London tends to outperform their peers materially relative to NY, in or out of our organization.
Top tips for uk finance recruiting; targets/ degrees etc.
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