bsd_lover wrote:
The school is indeed incredibly well plugged in and I have enjoyed every moment of my experience here;
However pure trading jobs are among the toughest to get into and there are tons of folks usually in school that have very relevant experiences (eg. middle office, trading, Sales or structuring from legal side). Basically don't expect to walk into a trading job, you'll need to prove yourself first. London and NYC also have several Hedge Funds which provide an alternative start if you can manage to get in.
Usually the way banks recruit is via HR as a first point of CV cleansing. These people have some set stereotypes in mind and you need to get past them to even get an interview. So you'll need to network your ass off to have even the remotest chance. Having said that, if you want it bad enough then you'll figure out a way.
osbornecox wrote:
Hey bsd_lover, is that the case also for LBS? I thought it was incredibly well plugged-in to the City. Are you enjoying it there?
How much trading background is "enough" to be considered competitive for that job?
Geez. The outlook is pretty bleak. The one industry/function I'm interested in basically doesn't hire MBAs... Great.
Hey bsd_lover, thanks for your response. I'm glad to hear that LBS has worked out for you really well. My first goal is to work in NYC, so I'm not hitting the European schools, but if I were to change my mind, I definitely would give them a try.
That's interesting to note that HR screens CVs looking for "stereotypes". I'm on an uphill battle then. I honestly feel I could land straight-up IB or MC with my background without having to be particularly creative in my networking and selling, and there are even some contacts I have at research-driven PEs and HFs that would probably open the door for me if my MBA was "brand-worthy" enough. Unfortunately, the one thing I'm really gunning for seems so out of reach!
Well, I guess it's not all written in stone yet. Still something I could do.
Have you been hitting banks or the buyside?