Graduate in London

Author
Discussion

CRAS

Original Poster:

45 posts

233 months

Monday 29th September 2008
quotequote all
Hi all,

OK so I graduated this year with a 2.1 International Business and recently moved to London and was due to start work in Canary Wharf last week. However due to a certain company going bust, I no longer have this job offer and I am in the awkward position of renting out a place in North London and not having a job (fortunatly its a cheap place)

I thought I would try this forum to see if anyone has any advice on what to do. I have signed up to pretty much all the top recruiters and a few boutique ones who are putting me forward for various roles in the financial industry, however with the number of candidates in the market it is tough. I do have one years work experience for a Private Bank in Los Angeles which is the main reason I was offered the job in Canary Wharf.

I don't want to give up on the financial route just yet even though its probably the worst time to be getting into it at the moment.

Any tips would be appreciated.

Dr KT

398 posts

217 months

Tuesday 7th October 2008
quotequote all
Hi mate,

I work for a very large Asset Managment firm- I am glad I ended up here as opposed to inv. Banking!

Everywhere seems to have a freeze on head counts.

Try looking for roles which are needed no matter what the matter is doing (obvious I know), such as back office data etc. Boring I know, but at least you will be in the frame and then in the company.

I think JPM are still going strong-ish!

Good luck.

CRAS

Original Poster:

45 posts

233 months

Tuesday 7th October 2008
quotequote all
Cheers mate,

I find out tomorrow about a decent position with an Asset Manager/Servicer also based in Canary Wharf so hopefully have some positive news. As you said just to get my foot in somewhere to get started will get me going, and in todays market I can be too picky with what I go for.

BigAlinEmbra

1,629 posts

227 months

Tuesday 7th October 2008
quotequote all
If the FS mob are still stting their pants then get a chartered accountancy qualification through the public sector then pop your head back into banking when the waters are less choppy.
Got 2 mates that work for Barcap and Lehmans at the Wharf, and I think one of their former colleagues is joining Barcap soon too.
All trained at the NAO.

Money isn't quite as good, but the hours are a hell of a lot better!

Being a proper accountant also means you can get your head round the techy stuff and won't just go out throwing silly loans willy nilly then heading to the government cap in hand when it all blows up in your face.

CRAS

Original Poster:

45 posts

233 months

Wednesday 8th October 2008
quotequote all
I have been looking into getting an accounting qualification and its something I may do on the side. I have just been offered a 3 month contract with an Asset Manager so im delighted with that. Considering the state of the market, I am very happy to have got with this company.

Lets hope everything will have calmed down by the new year!

bmwcsl

259 posts

242 months

Tuesday 21st October 2008
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My advice would be do the CFA - very well respected and more focused towards the investment side of things. Ideally get the asset manager to pay for it if they make you perm. Or alternatively signing up to level one yourself may impress them enough to make you permanent! Chicken and egg!

CRAS

Original Poster:

45 posts

233 months

Tuesday 25th November 2008
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Not sure if anybody is interested but I thought I would give a little update. Have been working in Canary Wharf as a Marketing Executive for two months. Everything has been going well however I recently went for some other interviews for full time positions. Last week I accepted an offer in a Fund Accouting position in the City. The company im at now said in an upmarket they would have matched any offer however due to current conditions they are unable to. My new employer is offering to pay for my CIMA and IMQ. Longterm, I believe this move is a fantastic opportunity and given the current economic climate, going into the new year with a permanent position rather than a temp does make one feel a bit more secure.

Just wandering what people think of this move?

okgo

40,477 posts

213 months

Tuesday 25th November 2008
quotequote all
Sounds the smart thing to do from what you have said..