Question about Degrees for IB in London

This question may seem quite strange to the students from the UK / US, but as Europe signed that "bologna process" in 99, many students especially in Germany dont know what their degree is worth. If someone wants to work at an investment bank in Germany, he´ll need a master. so most IB guys in Germany are around 25,26 or 27 when they get their first analyst job. I dont think it´s worth to start investment banking when you´re nearly 30...

Now my questions: Is it true that Investment Banks in London recruit bachelor for their summer-internships? and that in most cases, those internships are for "bachelors only" ?

i thought about studying in St.Gallen, Switzerland and trying to get an internship in London as a bachelor, because as i heard St.Gallen places very well in London. Getting good "first internships" isn't hard as Zürich is only 30min away, but i guess that competition is still hard as you have to compete with all those UK-universities

Thanks to those who can answer my questions.

 
Best Response

It is true. In the UK IBs begin recruiting their future hires when the latter are in their first year. At targets, it is not unusual to have 2-3 presentations / networking sessions / CV checks from all sorts of financial institutions.

There are five or six target unis over here (three of them in London), from which all BBs recruit for FO positions. From the ones in London, 80% want to be in FO, so the competition is very intense.

I cannot tell you on how good your chances are in Zürich, however it will definitely be less competitive than the City. If I were you I would try to pick up as much relevant experience as you can, complete your degree and apply for a good masters course here in the UK (preferably in London, as it is much easier to network and attend all the events.)

"Every man should lose a battle in his youth, so he does not lose a war when he is old"
 

Odit omnis aut harum. Voluptates non nulla et qui. Autem dolores deleniti in deleniti reprehenderit.

Magni atque voluptatibus saepe illum. Earum voluptatem omnis totam. Eligendi aliquid id aut placeat et iure quia. Est numquam voluptatem aperiam repellendus molestiae. Ratione et et sequi tempore. Praesentium iusto est praesentium explicabo reprehenderit rerum aperiam laudantium.

Ut modi est incidunt laborum. Et cupiditate dolor reprehenderit numquam officiis. Placeat facere molestias et quisquam. Dolorem cumque ab et. Ipsum vero pariatur qui eius dolorem tenetur. Ut vitae quam deserunt nam quia illo.

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 (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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

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...”