OK… been through a long night last night and chaotic morning…
I can breathe now, haha…
First come first serve…
谢谢Juggernaut2009 哦！The blues are really nice! I’m enjoying it~~ haha
Too much house in the club these days…
It depends on how non-finance you are… If you can’t analyze financial statements and etc, then it will be a problem because that’s pretty much the least skill that we need to have at least.
Extensive industry experience and knowledge is def a +
I know UTS (悉尼理工), look, no offense, but I think you have got the picture too, UTS is not in the same league with UNSW or SU or MU… At least not how the finance people see it… How UBS sees things I am not sure, but look mate, to be really honest with you, top-tier IBs typically only look for the big 8 unis in Aus, and IBs in HK used to discriminate Australian unis as a whole…
Quote from someone I know from Morgan Stanley:
‘I don’t even know how he got into our IBD, you know, he is not from Wharton.’
That’s how bad it is… Well, used to be even worse…
Do I know anyone not from G8 got into IB… Well, in first-tier, No. In my firm or similar sized 2nd and 3rd tier IB or Chinese IB like us in HK, Yes.
I have colleagues from Macq Uni in NSW and Messy in the NZ. But… be noted, they were on Referral.
Mate, my advice to you now is:
1. don’t worry about transferring to NUSW or USyd at this point, especially if you have to re gain some of your credits. Not worth it.
2. Going Japan to get more international exposure and enhancing your language skill is a big big plus! And I’m sure you will find it valuable not only for getting in IBs’ interviews but also for your life, you know what I mean mate? I see you have a lot of drive, and that’s an awesome thing, but IB’s not only the best place for you to start your career mate. Consulting can be great too. Keep your vision open mate.
3. If you don’t like going to Japan, you can do a master of finance degree in UNSW or Usyd or Umelb, looks better on the resume, learn more about the finance in first-tier aus unis, and know more professionals.
To be honest, UTS honors won’t get you to the first-tier IBs… And in HK, they value master a lot more than honors.
How to get into Nab?
It’s done by a headhunter who was referred by an investment banker from my master class in Umelb. It was just assistant accountant. But good experience and looks good on the resume.
So yes, you are right, you need more network.
I have distinction average in my master class and my bachelor grades were bad, only credit average. But our Uni’s really tight on giving high grades, and I screwed up my actuarial courses in the first 2 years, which was bad bad bad… my entry to uni was 98.5%, and I thought I was good enough for actuarial courses, but now when I look back, I think Accounting and Finance would be a lot more suitable course for me both on the interests front and my ability front.
So yeah, I think your grades are decent! So be confident mate. But no offence, your uni’s name might pull you down…
And yes when I applied for the job, I had my PR done. Are you NZ citizen? If you are, don’t worry about it. If you are not a PR, you might face loads of difficulties…
Very hard to get PR these days, and nearly impossible to get a decent job without a residency status
Why did I go into IB straight away?
Simple, I wasn’t good enough… Out of all my asian looking friends, only one guy got into Goldman Sach JBwere, and he had offer from PWC, and he had internship experience from PWC. His grades were all High Distinction, and with accounting and finance major in a double degree, bachelor of Com and Bachelor of Arts. Plus, he was an ABC, Aussie born Chinese, background: Malaysian Chinese.
What he eneded up with GS? Middle office accounting related role.
I went to a CS (credit swiss) networking event in Melbourne, all I saw were all whites. And one familiar face poped up, my sec year finance tutor! She was a Straight A+ student with Bcom and Blaw, first class honors too!
I’m not trying to scare you mate, but that is the reality. I see you are loaded with drives, and I am sure you will go a lot further!
BCG, Bain International, Booz Allan, Mckinnsy are all good firms, you should look for them too.
Also, all commercial banks have IB divisions although they mainly focus on the fixed income and debt side sort of thing, but nonetheless, it’s a good starting point.
I think if I were you, you would:
Try everything I can to go to Japan and try to get in first-tier uni or something there, like Tokyo uni or something… I don’t know… but definitely try!
You are definitely on the right track of thinking, although you might be on a wrong uni for IBs in Aus, it’s never too late mate!
Also, there are crappy students everywhere… in my uni… I was doing the whole group assignment myself, cos the rest of 5 students were either slackers or just not able to answer the questions. So don’t get too disappointed if you see laid-back students in first-tier unis. But if you do a master course in finance in melb uni, you will be able to meet JP, MS, Macq bank’s people in class. Good network opportunity. And I can tell you, they work extremely extremely hard! Good role models too.
Good luck on whatever you do mate. I expect to hear about your great news soon!!!!!!!!!!!!!! Ha,hahaha
When you drop by in HK, give me a yell, we can catch up in person mate!
Also, if you want to do banking in HK or Singapore or Taiwan, you need to do work on your Chinese too. Mandarin is increasingly important.
I will tell you story later, stay tuned and keep an eye here, hahahaha.
OK… Back to my ever-needing-to-be-finished reports… hahaha