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Thread: Wealth Management ---> IB/MC/TAS

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    Wealth Management ---> IB/MC/TAS

    Hi guys

    I've been exploring my options for next year and one of them is a cadetship in wealth management. I was wondering in terms of the likelihood of a cadetship in wealth management (in an average firm) being looked preferable upon when applying for Deals (TAS) roles at the big 4 or IB role, even just for internships. Are there similarities between the 2? and this is given I'll be studying a Comm/Comp Sci degree at UNSW. Also do they like comp sci students? any advice would be appreciated

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    Re: Wealth Management ---> IB/MC/TAS

    also interested

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    Re: Wealth Management ---> IB/MC/TAS

    Any cadetship is far better than being a full time student

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    Re: Wealth Management ---> IB/MC/TAS

    Quote Originally Posted by etxpy View Post
    Any cadetship is far better than being a full time student
    but is it, when you're up against guys with HD's and honours in law/comm at usyd/unsw?

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    Re: Wealth Management ---> IB/MC/TAS

    It's what you make of it. Being buried in a textbook doesn't make you a more appealing candidate during the recruitment process unless you are well rounded and presentable. Obviously the larger the firm the better, but any cadetship can give you that edge when telling your story.

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    Re: Wealth Management ---> IB/MC/TAS

    Quote Originally Posted by etxpy View Post
    It's what you make of it. Being buried in a textbook doesn't make you a more appealing candidate during the recruitment process unless you are well rounded and presentable. Obviously the larger the firm the better, but any cadetship can give you that edge when telling your story.
    but I mean like even applying to internships... comm/law with high atars and hd's surely is better than just some dude who worked at a mid tier with comm/compsci

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    Re: Wealth Management ---> IB/MC/TAS

    at say macquarie bank?

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    Re: Wealth Management ---> IB/MC/TAS

    Outside of Macquarie Capital, quality of candidates drops big time. If you have any experience working in wealth management (private?) It mayb be helpful to get into say Macquarie Asset Management. You'll still need high marks but yeah a comm/law kid with a high WAM and anothrr previous internship will probably also get an interviee so it just depends who does the interview the best.

    I'm still shocked how kids in high school know any of these terms. I only found out about "IB" in 2nd year uni.
    Medicine (UoN)
    Previously: comm/law (usyd)

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    Re: Wealth Management ---> IB/MC/TAS

    Quote Originally Posted by RishBonjour99 View Post
    Outside of Macquarie Capital, quality of candidates drops big time. If you have any experience working in wealth management (private?) It mayb be helpful to get into say Macquarie Asset Management. You'll still need high marks but yeah a comm/law kid with a high WAM and anothrr previous internship will probably also get an interviee so it just depends who does the interview the best.

    I'm still shocked how kids in high school know any of these terms. I only found out about "IB" in 2nd year uni.
    Not criticising but I'm just curious where you got the info that the quality drops outside Macquarie capital, I thought asset management was extremely difficult to get into?

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    Re: Wealth Management ---> IB/MC/TAS

    If you get one don't mess up managing/playing with OPM xD
    1st Year BAppFinBActStud @ MQ

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    Re: Wealth Management ---> IB/MC/TAS

    Quote Originally Posted by aidan059 View Post
    Hi guys

    I've been exploring my options for next year and one of them is a cadetship in wealth management. I was wondering in terms of the likelihood of a cadetship in wealth management (in an average firm) being looked preferable upon when applying for Deals (TAS) roles at the big 4 or IB role, even just for internships. Are there similarities between the 2? and this is given I'll be studying a Comm/Comp Sci degree at UNSW. Also do they like comp sci students? any advice would be appreciated
    Why and how does Computer Science relate with Investment Banking Division, Management Consulting or Transaction Advisory at Big 4? Perhaps, I would look into Trading with Comp. Sci

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    Re: Wealth Management ---> IB/MC/TAS

    Macquarie Capital is their investment banking arm. AM is less competitive.

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    Re: Wealth Management ---> IB/MC/TAS

    Quote Originally Posted by si2136 View Post
    Why and how does Computer Science relate with Investment Banking Division, Management Consulting or Transaction Advisory at Big 4? Perhaps, I would look into Trading with Comp. Sci
    it's sort of in the same way IB is usually comm/law, I don't think any people in IB would use what they studied in law in their daily job. I've even seen a few chemical engineering/comm guys in IB. I don't think it's the relation more of the skills you develop ie analytical thinking skills. With tonnes of commerce degrees out there I would of thought having at least having evidence of technological skills or analytical skills as well as a commerce degree would be a plus?

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    Re: Wealth Management ---> IB/MC/TAS

    and in regards to management consulting, i don't think nearly anything you study at uni would relate to management consulting, so basically i thought you'd just need to have evidence of analytical/problem solving skills. As stated on boston consulting's website "we take anyone from any degree"

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    Re: Wealth Management ---> IB/MC/TAS

    But ib/tas/mc would also take people with straight commerce degrees (no need for co-op). It's really not that hard as people think to get interviews. Why do an extra degree?
    BCom acct/fins @UNSW

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    Re: Wealth Management ---> IB/MC/TAS

    Quote Originally Posted by Confound View Post
    But ib/tas/mc would also take people with straight commerce degrees (no need for co-op). It's really not that hard as people think to get interviews. Why do an extra degree?
    If you had a straight commerce degree, you'd probably have to have HD's combined with honours to even get an interview. Nearly every person I know who works in IB has comm/law degrees at usyd/unsw.

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    Re: Wealth Management ---> IB/MC/TAS

    Quote Originally Posted by aidan059 View Post
    If you had a straight commerce degree, you'd probably have to have HD's combined with honours to even get an interview. Nearly every person I know who works in IB has comm/law degrees at usyd/unsw.
    I have a straight commerce degree and nowhere near hd wam lol.

    But you right, there's a lot of comlaw. Just saying you don't need comlaw or super high honour grades

    Just the right type of ECs would do tbh
    Last edited by Confound; 30 Jun 2017 at 3:48 PM.
    BCom acct/fins @UNSW

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    Re: Wealth Management ---> IB/MC/TAS

    Quote Originally Posted by Confound View Post
    I have a straight commerce degree and nowhere near hd wam lol.

    But you right, there's a lot of comlaw. Just saying you don't need comlaw or super high honour grades

    Just the right type of ECs would do tbh
    May I ask what firm you're at? And any internships you've attained? In pm if you don't want to share please

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    Re: Wealth Management ---> IB/MC/TAS

    Quote Originally Posted by Confound View Post
    I have a straight commerce degree and nowhere near hd wam lol.

    But you right, there's a lot of comlaw. Just saying you don't need comlaw or super high honour grades

    Just the right type of ECs would do tbh
    If I'm hearing this right you're saying a dude with straight comm, a few ecs and retail work experience should have no problems getting hired at maccap, credit Suisse, Goldman, UBS or other IBs?

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    Re: Wealth Management ---> IB/MC/TAS

    You will get better responses if you ask this question on Whirlpool.
    Medicine (UoN)
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    Re: Wealth Management ---> IB/MC/TAS

    Quote Originally Posted by aidan059 View Post
    If I'm hearing this right you're saying a dude with straight comm, a few ecs and retail work experience should have no problems getting hired at maccap, credit Suisse, Goldman, UBS or other IBs?
    I wouldn't have interpreted what he said in that way.

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