What's going on with London?

For some reason see a ton of Oxbridge grads from the UK working at no-name boutiques with tons of legit experience.

Feels like any target student who is motivated enough to get freshman internships/good sophomore internships is motivated enough of getting an SA at a traditional IB

not trying to knock the boutiques here, im sure they have great cultures - just curious as it's an outcome that I don't really see in the U.S.

21 Comments
 
  1. European Masters students (slightly older and much more experienced than 19-20yo undergrad) are much easier to hire given they've already been trained and taken internships in their home countries / Frankfurt/Paris/Milan
  2. Personally seeing more banks, especially at the MM/Boutique level hire more from the Big4, much lower training cost given they're ACA qualified and 3-4 years existing auditing / M&A transaction experience
  3. If this is Oxbridge specific, that's because it's no longer the 'be all and end all', whilst it is the most prestigious uni brand in the UK, other targets like LSE, Warwick, Imperial, UCL etc are all great places to break into finance. My theory is that undergrads at these said unis are more likely to be targeting finance compared to Oxbridge (anecdotal but think it's true to an extent)
  4. Overall point, not uni specific but IB/PE isn't the golden ticket it was previously viewed as. You're having 35yo directors in PE on this site saying how expensive it is to start a family in London and they're generally right. Industries in general have their time being 'flavour of the month' right now that's probably Big Tech pivoting into AI, SWE or being a quant. Comparing EU salaries to the US instantly gets being labelled as 'Europoor', but the time lag in people realizing the pay differential is probably catching up and that IB isn't a 'get rich quick' scheme.
 

this is just an oxbridge thing I think. Not as career focused and they supposedly focus a lot on academics and have time for little else (from what I have heard from friends)

The Euro arguement is overblown as you can still see people from LSE/Imperial/UCL/Warwick cleaning up

 

Oxford MFE for instance is 9 months, and quite quantitative. When do you have time to recruit/network lol? Imagine you come across someone from hec escp or bocconi with off cycles in paris/milan at BB, graduating same year as you. You're cooked. 

EU targets just have much better programs. You graduate when you think you have a good enough exit which is typically 2-3 internships later and a grad role secured. You get supported throughout the years and after.  

 
Most Helpful

went to oxford.

this is because there is no culture of getting a job in the way there is at other unis.

mainly because students are a) busier in much more rigourous academic work b) often nerdier and do not care about prestige (more interested in startups or academia) c) do not have a large friend group who cares about corporate jobs d) think that getting a job will be trivial because they have a 'good' degree from oxbridge

thus many get to the end of the degree with no good experience and hence are too old to start at a good shop

still defo think all the best graduates in the UK are at these universities. they just don't have a great job culture there
 

 

pretty interesting.

people often knock US universities for not putting enough of an emphasis on """ROI"", always assumed the rest of the world was a pre-professional boot camp

doe this hold true for LSE/St. Andrews as well?

 

if you focus on career stuff whilst being an oxford student, you will have by far the best access to top tier jobs

you can make the roi extremely high

most students don't because they don't know that they have to prepare early - its that simple

 
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With all due respect, St Andrews is not in the same conversation with LSE. It's only famous because the Royals go there and rich East Coast Americans started flocking there in the last 5 years.

 

Lol prospect is noise making. A good Oxbridge Mathsci doesnt drag IB w/ you. They all flock to Quant- How many can do that from LSE, UCL Durham and Warwick? We can’t test inteligence by your ability to memorize BIWS. How about I ask you simple gamified problem set about expected pay off, watch how you shit your pant on basic conditional probability.


Lol. It’s fascinating How people still measure capabilities by going into IB. My friend the best go to Quant or HFs

 

Seeing a lot of hate on Oxbridge recently - chill, it is by far and away the absolute top dog without a shadow of a doubt  in the UK and Europe. As the above posts mention, they are very academic places (both of them) so they attract a certain type of student, more nerdy. That said, if you have even a modicum of career / vocational ambition the world is yours. Academically, oxbridge competes extremely well globally in top 3-7 depending on the field of study (Harvard, MIT, Stanford perhaps being slightly higher), and obviously the oxbridge brand commands respect in meetings and boardrooms globally.

SOFR+400
 

would anyone dispute the fact that there are many more quant roles available these days than there were 5-10 years ago? that gives the route for smart gifted students to pursue a high-paying career, be intellectually simulated, and have an OK work-life balance. so, obviously, oxbridge grads have an advantage here for the most part and per capita are more likely to pursue that path. bottom line is that IB is past its prime for oxbridge grads so you generally see fewer of them. i am sure by default an oxbridge grad will get more looks from university name than ucl/warwick/lse grads and nobody would dispute this - it is self selection IMO

this is all coming from a ucl grad - i know first-hand there are way less people gunning for quant roles at non-oxbridge/imperial unis whereas most of my oxbridge network are pursuing that field 

 

It’s not nothing to do with Oxbridge “falling off” and especially not that they’re “flocking to quant” lol. The internship/grad role culture isn’t as prominent as at other universities so many of them reach graduation before they realise they can’t just walk into IB. There’s no fall off however since if you equate for experience then it’s still the best place to be, no doubt. The quant comments are even more ridiculous since this is an extremely small number of people, most of whom would never have been interested in IB in the first place.  

 

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