Cadetships 2013 thread (2 Viewers)

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ilikecats

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Heads up to everyone in Melbourne/Sydney I noticed on the PwC student page that both these offices are holding information sessions next week, probably a good idea do go and check it out if you can.
 

Chronost

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Heads up to everyone in Melbourne/Sydney I noticed on the PwC student page that both these offices are holding information sessions next week, probably a good idea do go and check it out if you can.
inb4 a wait-list is situated and everyone is like nuuu.
 

zaczaczac

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Any tips for an interview for the UBS Cadetship? It's not with the actual company, but just with the Cadetship place first.

Is it mostly personal questions or would you say more actually about the financial industry and the economy????
 

lordfraction

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Any tips for an interview for the UBS Cadetship? It's not with the actual company, but just with the Cadetship place first.

Is it mostly personal questions or would you say more actually about the financial industry and the economy????
good luck, some cadets have to stay up to 1am to work on budget reports
 

zaczaczac

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good luck, some cadets have to stay up to 1am to work on budget reports
Bit of hard work never hurt anyone? Then again "bit of hard work" I assume would be an understatement. But if you're only locked into a contract 1 year at a time, worst comes to worst and you drop out after the 1st year? And all you've lost is maybe the opportunity to do 4 extra subjects that year, while you've gained a steady income and at least some experience?
 

zaczaczac

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+ up to 1am working, isn't much different to Year 12 (well actually all years at a selective high school) life?
 

oompaman

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I think staying up till one during year 12 is more because you left your work really late as opposed to the large workload you get as a cadet?
 

lordfraction

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but yes you should try and apply for all them. If you get one you'll be set for the rest of your career. I didn't apply for them and now I regret it and I don't know anything about the interviews so sorry about that
 

seremify007

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Everyone is different I'd say. Some cadets work cruisy hours 9-5 and take 2 hour lunches, whilst others can sometimes work til midnight. At the end of the day though, the key benefit to doing a cadetship is the opportunity it gives you in terms of development and experience which you wouldn't get anywhere else especially with no qualifications/experience other than an HSC certificate. I personally was one who worked harder than the average but I got so much out of it and it put me in good stead for the years thereafter.

I'd daresay if you are looking for a cruisy full time job/etc, then there are better options elsewhere which are probably more flexible and pay better (e.g. call centres). The long term career prospects and benefits won't be realised if you aren't willing to put the effort into the cadetships.
 

lordfraction

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Everyone is different I'd say. Some cadets work cruisy hours 9-5 and take 2 hour lunches, whilst others can sometimes work til midnight. At the end of the day though, the key benefit to doing a cadetship is the opportunity it gives you in terms of development and experience which you wouldn't get anywhere else especially with no qualifications/experience other than an HSC certificate. I personally was one who worked harder than the average but I got so much out of it and it put me in good stead for the years thereafter.

I'd daresay if you are looking for a cruisy full time job/etc, then there are better options elsewhere which are probably more flexible and pay better (e.g. call centres). The long term career prospects and benefits won't be realised if you aren't willing to put the effort into the cadetships.
yes definitely, I'm going to try and get into traineeship at PWC even though I am in my first yr already. The UBS cadets I know already have a strong knowledge of finance even though they haven't even started the subject yet!
 

zaczaczac

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When you say some cadets work cruisy hours, is that like between programs? like co-ops and accounting cadets
Or like they choose to work those hours, just because they're not as motivated?

Tbh, I really want a cadetship so I can experience the industry, like the business side of things always appeals to me, but I'm just not sure exactly whether I could excel at it?

And you know UBS it gives you options of "business and operations support" and/or "accounting/finance", but it's like how are you meant to know which one you are more interested in, when there's no subject in high school or whatever which allows you to experience any of it?
I thought UBS would be better because it would be more business support and accounting would be worse because it might be too heavy with the mathematics, but like.....UBS is a major investment bank.....that would be extremely mathematical?
 

lordfraction

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you have the option to move into different sectors and choose which one you would like to do in the future
 

zaczaczac

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Ah okay thanks, but like it seems like they expect you to know? Like I can't walk into the interview and be like "yeh like not too sure but like i like all of it like i like business and shiz, give me cadetship?"
 

lordfraction

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I think you should appear firm in what area you want to pursue. Do some research and say why you are passionate ffor that area even if you are not confident. It will be more flexible once you get your foot in the door
 

seremify007

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To be honest I don't think it matters if you are dead set on something or not especially at cadet level. That's not to say you shouldn't do your research (because you'll look like an idiot for signing up for something you know nothing about) but I don't think a reasonable employer would expect an 18y/o either in year 12 or fresh out of high school to know they want to do auditing specialising in fast moving consumer goods (for example) or tax and legal specialising in indirect taxes (heck, how many 18y/o's actually know what indirect taxes are?). I think you can be honest about your lack of surety on what you want but make sure you show you've done some research, put some thought into it, considered the options within the firm (whether it be specialisations/sub-sectors or rotation programs, secondments, etc), and also that you are genuinely interested/committed. Cadetships and the actual jobs themselves aren't always going to be for everyone but as long as you have the right attitude, I think that'll be enough to get through the interview (all else being equal).
 

zaczaczac

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Wow okay both of those answers cleared things up/put my nerves at rest haha, I researched for the application and I guess I'll just extend that to prepare for the interview.

So like I should decide on a certain area of UBS' business or like a certain occupation?

But I get the idea, thanks :)
 

seremify007

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Keep in mind though my response is only based on my experience, each company/firm is different, and heck, even your individual interviewer on the day could have a different view! Every now and then at least in my organisation, I've seen some pretty senior people jump in to do interviews every now and then.
 
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