Investment banks offering cadetships (1 Viewer)

[pmaloney]

Hi,
I am interested in a career as an Investment Banker, and was wondering what investment banks offer cadetships, and what do the banks look for in a potential cadet.

Any help would be appreciated

 

[La Divina]

As far as I know, they don't offer cadetships. However there is the Business Cadetships, of which there are two companies that are IBs. I don't think that you are trained in the IB section of either of them though.

If you want to be an Investment Banker just do the internships during university and get in like that. It's such a competitive industry - people who already have a degree with decent marks don't get a job as an IB - it's just not possible to have cadetships that train people to become Investment Bankers.

If you really want a cadetship - then aim for the Business Cadetship or even an Accounting one and you can jump ship to an IB if you are desperate as your experience and good marks will help you. Just my two cents.

 

[Ricenmoo]

Bubbynose

 

[blakegman]

why does everyone aspire to be an investment banker. I know people that dont even know what the ASX is and want to be investment bankers.

Is it the money? or cuz lyk tradin da shares is mad cool like video game

 

[williamc]

Lol i thought the ASX was the australian stock exchange.

Little did i know that it is the Australian Securities Exchange. (well according to my acturial studies lecturer).

 

[Azamakumar]

Um

 

[blakegman]

"The Australian Securities Exchange(ASX) as it is now known resulted from the merger of the Australian Stock Exchange and the Sydney Futures Exchange in December 2006."

you would of been right in 06, though tbh alot of people still call it stock.

 

[Rorix]

No, the closest is the UNSW Co-op program. You just do an internship in your penultimate year.

Cadetships is a way to lock up top high school talent by the accounting firms before the students realise accounting isnt that great a career.

 

[velox]

No, the closest is the UNSW Co-op program. You just do an internship in your penultimate year.

Cadetships is a way to lock up top high school talent by the accounting firms before the students realise accounting isnt that great a career.

Or the UTS BAcc program.

 

[geetarjoe]

None of the IBs offer cadetships.

The best way to get in is still to do a summer internship.

 

[Omnidragon]

I've seen cadets at IBs in the IB dept. Not sure how they ended up there.

 

[geetarjoe]

I've seen cadets at IBs in the IB dept. Not sure how they ended up there.

Took the wrong turn out of the elevator?

 

[meagan354]

why does everyone aspire to be an investment banker. I know people that dont even know what the ASX is and want to be investment bankers.

Is it the money? or cuz lyk tradin da shares is mad cool like video game

NO WAY!
lol i thought that it was australian stock exchange too!

you really do learn something new everyday ... =P

 

[Vagabond]

I've seen cadets at IBs in the IB dept. Not sure how they ended up there.

The auditors maybe?

 

[seremify007]

I know BNP Paribas offer cadetships for the first time this year- but it's not like an accounting cadetship. The kids only work 2 or 3 days a week. *shrugs*

As for why IB is so popular? I think the media sensationalises it an awful lot... look how cool Nick leeson's lifestyle was as portrayed by Ewan McGregor! Porsches, nice apartments, and lots of... well. I'll let you watch the Hollywood interpretation.

 

[La Divina]

^ You can work full time and go to uni part time if you want, they are flexible.

But though we have an IB section, they didn't have cadet opportunities there for our year, but who knows it might change?

 

[BackCountrySnow]

As for why IB is so popular? I think the media sensationalises it an awful lot... look how cool Nick leeson's lifestyle was as portrayed by Ewan McGregor! Porsches, nice apartments, and lots of... well. I'll let you watch the Hollywood interpretation.[/quote

I wanna be an investment banker!!

 

[Studentleader]

After reading about investment bankers, I dont i'll ever call anyone in business greedy again.

They work for it.

 

[Omnidragon]

I know BNP Paribas offer cadetships for the first time this year- but it's not like an accounting cadetship. The kids only work 2 or 3 days a week. *shrugs*

As for why IB is so popular? I think the media sensationalises it an awful lot... look how cool Nick leeson's lifestyle was as portrayed by Ewan McGregor! Porsches, nice apartments, and lots of... well. I'll let you watch the Hollywood interpretation.

I'd have to disagree.

I reckon most people around me (who didn't study a commerce degree) don't know what an investment banker is, let alone even heard of it. I've got pharmacist friends, friends in the development/construction industry, doctors etc and they have no idea what a banker is, what it does etc.

All my commerce friends (anyone who's done a comm degree) know what it is. My law friends would. But most of these guys are probably comm/law anyway.

IB is still a highly narrow field and most people don't know/will never see/hear/come across it imo.

 

[Studentleader]

I'd have to disagree.

I reckon most people around me (who didn't study a commerce degree) don't know what an investment banker is, let alone even heard of it. I've got pharmacist friends, friends in the development/construction industry, doctors etc and they have no idea what a banker is, what it does etc.

All my commerce friends (anyone who's done a comm degree) know what it is. My law friends would. But most of these guys are probably comm/law anyway.

IB is still a highly narrow field and most people don't know/will never
see/hear/come across it imo.

I agree,

The only people who know what an IB is are the people who look up top 20 paying careers in the Wall Steet Journal, I don't even think it was there in 2007 though.

I think i came across it in e-bay books, the title "careers to make millions", obviously showing that i'm a "hopeless 08er"