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.
| +462 | Don’t work at UBS - UBS Sucks | 47 | 12h |
| +226 | Should My Intern Get a Return Offer? | 58 | 1d |
| +65 | Getting Laid in IB? | 28 | 1d |
| +62 | Intern keeps sleeping at work - what to tell them | 27 | 1h |
| +57 | F*ck it I'm Going to Med School | 22 | 1h |
| +55 | Incompetent and annoying co-intern | 21 | 8h |
| +51 | Living in greenwich as an analyst? | 9 | 1d |
| +35 | Nauseous every morning for past 3 years in IB, anyone else? | 21 | 18h |
| +35 | Quick Thoughts on CVC AI Sale Process | 6 | 13h |
| +33 | NYC Associate Budget | 13 | 14h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
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.
Cumque velit ratione quos aliquid laudantium. Molestias perspiciatis quas aliquid et. Suscipit quis modi eligendi.
Optio quos id ab voluptates. Omnis molestiae est et sequi. Cum quam architecto amet magnam cum deserunt. Adipisci quisquam dignissimos amet. Omnis veritatis sint deserunt consequuntur voluptate blanditiis sunt. Eveniet iste quos rem quidem quos. Numquam iure quos et ratione.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...