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Vault Message Board: Investment Banking

Topic Name: The L.S.E. or Cambridge University
Message Name: Hit the nail on the head.
Date Posted: 06/18/1999
In Reply To: Guys, it doesn't really matter where you go to for university. It is only serve as a signalling process for propsective employers, but at the end of the day your success depends on your attitude and your intelligence. Getting into cambridge is 50% ability and 50% luck anyway. I went to cambridge myself for my degree and i've met a lot of people whom i think got in by luck anyway. Enjoy your university wherever you go, do well and it'll become part of you and you'll be telling your grandchild about your wild days. Don't have a chip on your shoulder, LSE UCL or Durham is equally good..(Unless of course you are from Oxford then you are really doomed). And one thing about the university degree, it doesn't mean that if you do "finance, accountanting and management" for three years and you'll be sorted for life. That's shit. Do somthing traditional instead - like economics or maths or even philosophy. More important to train the mind buddy... good luck!
Message: Investment banks look for intelligent well rounded people for starters rather than financial wizards (though it helps). You will find the better the university you are at, the more academic and theoretical the course. It will challenge your mind as tequila stated. The best courses at the best universities which students take interested in finance will find that finance components are very limited. They take a back seat to lots of complicated mathematics, statistics, regression models and the like. These stimulate the mind but are tough. Upon graduation, my bog standard, plain vanilla economics course from Christ Church, Oxford should leave me quantitatively adept enough to handle most things. Lower universities spend much more time on vocational education like Black-Scholes etc, and the courses are given titles like Investment Banking, Securities and Financial Markets and so on. Yet at the end; despite all this in depth knowledge, an Oxford graduate with little knowledge about financial markets might stand a better chance than someone from another university who knows option theory off by heart and has studied all aspects of finance for three years.

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