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Some depressing data about the proportion of graduates who have actually realized their deep desire to work in investment banks

What percentage of this year's graduates who want to work in investment banks have fulfilled their ambition? 16% according to our survey of 234 eFinancialCareers site users.

And what percentage of these student site visitors would be prepared to work for free simply in order to get some experience, any experience? 75% according to the same survey.

The implication: there are a lot of students out there who could drive down investment banks' first year pay in future. Why pay 50k+ a year when people will work for nothing?

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AUTHOReFinancialCareers UK Insider Comment
  • Ja
    James
    7 September 2011

    Getting a role in Investment Banking is always going to be difficult but graduates should stick at it because opportunities that are not always well advertised do come up. There is an increasing trend towards mid market banks offering 6 month internships to graduates for example. They pay fairly well and if you do well there is often the chance for a full time role at the end of it. There are one or two recruitment consultants like the Cornell Partnership who work with these companies and might be able to help. Otherwise just keep scouring the job boards throughout the year, do as much background reading as you can and stay positive.

  • JH
    JHB
    6 September 2011

    I would happily work for free for a year. It is not just about the money. It's about wanting to work in a fast paced, exciting environment full of intellectual challenge. The exit opportunities and the weight working in an IB adds to your CV is amazing. At the moment I am applying for IB front office roles... I have little chance. It's a shame they won't take my for free! It is my dream!

  • Fr
    Frank
    6 September 2011

    Their "dream" my a...!! They only care about money! Sad, actually much more depressing that your datas...

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