If you’re UK M&A/IBD what qualifications/exams are you being asked to do in your first 1/2 years?
I hear some stuff about CISI, and also series 7 which is more common in the US.
Can you list your tier of bank and then the exam you’ve been asked to do - so I can gauge which I should look at.
I’ll go first MM/UMM M&A, CISI. My mate is EVR and he’s been asked to do CISI Corp fin fundamentals too.
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Based on the most helpful WSO content, in the UK M&A/IBD space, the qualifications and exams required in the first 1-2 years can vary depending on the bank and its tier. Here's a breakdown:
CISI (Chartered Institute for Securities & Investment):
Series 7:
Bank Tier Examples:
If you're preparing for a role in UK M&A/IBD, focusing on CISI qualifications would be a safe and relevant choice.
Sources: https://www.wallstreetoasis.com/forum/investment-banking/investment-banking-in-the-uk-an-overview?customgpt=1, Investment Banking in the UK - An Overview, International Student - Chance of getting an IBD internship in London?, Q&A: London BB IBD to top 3 PE, A Guide for Switching From Commercial Banking to Investment Banking
Yo anyone?
All banks will ask you to do the FCA exams before your start date or during your first weeks / month. The requirements will differ per bank, some will require you to do all 3: regulations, securities, and derivatives. There is 0 point in preparing for them in advance till you get the study materials and mock exams.
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