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Ask me!

I receive  a lot of emails with questions on careers, how to get into consulting or banking, on advice about choosing a degree, doing an MBA or simply finding the right career. I am always happy to share advice, but am thinking it might be even better to publish advice openly here so that more people can benefit from it.

If you want advice on choosing a degree, a university or a career, on finding the right job or anything else that is somewhat relevant to this website, please leave a comment below and I will answer it here as soon as I can. I look forward to answering your questions!

42 comments… add one
  • kal April 5, 2012, 10:37 PM

    Hey! I’m a junior in college about to start a sales and trading internship. I’m relatively inexperienced in this area and I was wondering if you had any advice about how I could prepare. Obviously reading the WSJ is a must, but generally, how can I use the time I have left to make sure I sound competent this summer? Thanks!

    • High Flying Ladies
      Twitter: ueberfliegernet
      April 7, 2012, 9:25 PM

      Hi Kristina! Congratulations on landing the sales and trading internship, well done!! It is so competitive at the moment it is great you were able to land one!! And it is a good idea to prepare in advance to have a better idea of what people talk about. WSJ is a good start but very generic, it will be helpful to read a few more market relevant publications to build up more technical knowledge. I highly recommend the books “Inventing Money” and “Reminiscences of a Stock Market Operator” to get started (I have links on the Hedge Fund reading list). Also try to get a finance text book from your library to know basics of financial instruments, such as futures, forward contracts, bonds, swaps, call and put options etc., it is really helpful to have a general idea how they work and what inputs are used for their pricing. You don’t need to know formulae or anything but just be familiar with the vocabulary. Apart from that, don’t worry too much, just be eager to learn and try to get to know as many people as possible. Usually being interested and personable and having a good attitude is the most important factor for landing a full-time job offer. Good luck! Let me know if you have any further questions!

  • Accepted&Hesitant April 12, 2012, 5:28 AM

    I am on the fence about business school. If my ultimate goal is to be a hedge fund manager at a small private company (possibly my own start-up), I’m debating between:
    -going to a business school now
    -breaking into the industry directly
    -breaking into the industry now, but with the plan to go to business school in a few years

    Originally, after an MBA, I planned to do management consulting or a management rotational program at a large company. Now, I’m increasingly drawn to private wealth management and the value-investing philosophy because it fits closely with my personality.

    I know breaking into the industry directly would be difficult, since I’ve been out of college for several years (working as a teacher, current age 25), and have little quant experience beyond a few Calculus and Statistics courses in college. I have acceptance a (very good, but not top tier) business school in the U.S. starting next fall, but even with their substantial scholarship, I’m not sure it’s worth the cost of depleting my savings and two years I could be earning experience in industry.

    • High Flying Ladies
      Twitter: ueberfliegernet
      April 12, 2012, 8:47 PM

      Hi there Accepted&Hesitant, it is a very crucial decision and it is good you are taking your time to make an informed decision! Here’s a few questions I would consider if I were in your shoes:
      as you say your options are -going to a business school now or -breaking into the industry directly (in my opinion the third option you list doesn’t make sense). Now ask yourself the following question:
      – can you break into the industry now? which job/role in what kind of company can you realistically get?
      – are there any companies/jobs you have identified as attractive – can you try contacting them directly and get a feel for your chances of getting hired directly?
      – have you talked to a lot of people in the investment field to give you certainty that this is the job you are aiming for?
      – why don’t you want to be a teacher anymore?

      and regarding your business school offer:
      – how good is the finance curriculum in that school?
      – how good are the links to firms you would like to work for?
      – how successful are the schools graduates in securing jobs in the companies you would like to work for?
      – is it located in a town with many investment management firms for networking purposes?
      – will the alumni network be able to facilitate job search?

      I would choose breaking into a career directly if you can get an attractive post in a growing company with your current background. The benefits of a business school degree would be if it could increase your skills and network to such an extent that you could land a much better job with the degree and that would compensate you for the 1-2 years of career break and loss of earnings. So I recommend you get a feel for what kind of job you could find without business school to make sure your option 1 is actually a feasible option, and then do a lot of due diligence on that business school in terms of placements, current students and alumni network. Hope that helps! let me know if you have any other questions!

  • Curious... June 24, 2012, 8:27 AM

    Hi Anke,

    Could you explain what you like about trading? And how your life around it compares to the work life balance at McK? I mean, I assume that you barely have to travel nowadays. But I guess this wasn’t the only draw-back at McK?

    Thanks a lot for your reply.

    • High Flying Ladies
      Twitter: ueberfliegernet
      June 26, 2012, 9:34 PM

      Hi there! absolutely I can. Work life balance is much better in trading. I work from 7am to 5pm or 5.30pm roughly. So I have to get up earlier than I used to but I get home much much earlier. It is also much more predictable. Markets are closed on weekends so I never need to work on weekends or evenings. There is a tiny amount of travel but actually very enjoyable – sometimes it could be to travel to a region that I trade to meet with the Central Bank, Finance Ministry or with local banks and clients. Sometimes it could be travelling to New York or Boston to meet buyside clients. But it is rare. I think very senior people travel more but it is very manageable and predictable. I also like that it is very transparent – it’s very clear what your job is and how to fulfil your responsibility, and it is easy to measure if you are successful or not. Of course the downside is that it is in the long-term less challenging and less well-rounded than consulting, so intellectually and personally I think you grow more in consulting. Consulting is great for your development and learning, but it comes at a cost of your personal sacrifice. Hope that helps!

  • Curious... June 27, 2012, 5:06 PM

    Thank you very much for replying to my previous question.

    I have one more follow-up. From what you heard from your LBS co-horts and maybe your McK alum connections, is the idea that consultants based in the London Office don’t have to travel as much?

    Thanks again,

    C

    • High Flying Ladies
      Twitter: ueberfliegernet
      June 28, 2012, 9:46 PM

      Hi C,
      yes this is definitely the case, they would travel less in places like London, Paris etc. – basically in all rather centralised economies, there’s going to be less travel, whereas in places like the US or Germany, there’s going to be more travel. Different local offices also vary in terms of working culture, so you need to take all that into account.

  • Olivia July 3, 2012, 9:18 PM

    Hi hi!

    I found your blog by accident and I really enjoyed reading all your posts!
    I am currently hesitating over career choices: joining a very small hedge fund with AUM 30million or pursue a master in a top school with a high probability to join an ib for trading or structurer.
    I think I can have more responsiblity if I accept the offer in the hedge fund, with a higher upside potential to grow. But the drawbacks are very clear as well: pay is not as high as in ib, and the brand name, and also the future exit opportunities I suppose. What do you think?

    I am really looking forward to your advise! Thanks :)

  • High Flying Ladies
    Twitter: ueberfliegernet
    July 3, 2012, 10:01 PM

    Hi Olivia – thanks for posting here! First of all, your choices both sound great! Now let’s go into the details. It’s really hard to know what’s better without knowing more about the hedge fund and its founder – but here are a few thoughts and questions you may want to ask them. Can you tell me where you are located – is this the US? The reason I’m asking is that $30m under management is extremely small. Generally one says that a hedge fund is really only viable above $100m AuM, and to be able to pay junior staff competitively I would say at least a couple of hundred more are required – because otherwise mgmt fees only barely cover office rent and the founder’s salary, so your earnings potential is very limited. In terms of learning, it can be a great opportunity but that also depends entirely on the founder and the person you will be working with – are they going to use you for the grunt work or will you be able to learn a lot from them? I don’t want to discourage you from working with this fund, but make sure the founder can teach you a lot and give you lots of opportunities.

    I would think that if you pursue a master at a top school, you should be able to find some part-time work at a hedge fund on the side to learn, and you will have more opportunities open to you. I might prefer going for the top degree unless you have a strong feeling that this hedge fund and its founder have great potential going forward. Don’t just go with a hedge fund because it’s called a hedge fund – the name itself sounds great but doesn’t mean much. Hope that helps, do let me know if you have further questions!

  • Jessica July 24, 2012, 6:36 PM

    Hi Anke

    I have been to various recruiting events for banks in EU and had been curious about the recruiting rate of women and their subsequent attrition rate after say a few years. I’m finding when I ask questions about how many female employees there are in a particular division, people get very sensitive about it and become quite defensive. I really wanted to do IB but the responses I’m getting are quite disheartening, not just in terms of numbers but the general defensiveness.

    I’m scared that asking questions like this will turn recruiters away from me, but at the same time I don’t want to go to a firm where women are not valued or there is something telling about culture. How should I be approaching these issues?

    • High Flying Ladies
      Twitter: ueberfliegernet
      July 24, 2012, 9:36 PM

      HI Jessica,

      this is such a good question! I think the reaction of representatives at your events might depend very much on whom you ask. I think female bankers would not be surprised by your question at all and give you a sincere answer. HR reps and male bankers might be more defensive – HR because they don’t want to say the wrong thing and male bankers because they work very hard and tend to get very annoyed when anyone implies they might be privileged compared to female colleagues (some of them think it’s the opposite). I suggest you get a feel for what you’re looking for by different means – ask female bankers who work at those companies in a more private setting or try to gather the information informally from alumni at your school or internet research. Also you can just observe how many female bankers there are at the events and gauge some form of a percentage there, although nowadays banks usually make sure there is a certain numbers of female employees at such events even if that’s not representative. But at least that shows management is aware of the problem and making an effort.

      In general, expect the share of females in IBD to be around 20-30% at the entry level and then drop down to 10% or so at the senior level. Numbers can be lower in continental Europe, especially in Germany or Switzerland, and potentially higher in Spain. For London, I would say 20-30% is a good estimate, for New York probably 25-30% at the entry level. From my perspective the share of females is definitely enough for you not to feel like an exception, female bankers are quite common nowadays in most financial centres.

  • J August 4, 2012, 3:15 PM

    Hi Anke,

    I’m an avid follower of your website, thank you for putting together such a interesting and inspirational site!

    I’ve got a very specific question for you, I’m trying to prepare for a FICC trading interview at an IB. I have been told the interviewer is a FX forward trader and the interview style is “hostile” and technical. I’m not particularly worried about the straight forward “hostile” style of the interview, as I have had some interesting experience with IB interviews in the past. However it is the technical part I am worried about, because I have a non-finance undergraduate degree and a FICC internship. So they expect me to know a lot about different financial products, however, I always feel insecure going into interviews because I feel I lack theoretical financial knowledge.

    What kind of technical questions should I expect and how best to prepare?

    Best regards,
    J

  • Nhala September 16, 2012, 10:01 AM

    Hi Anke

    I’ve just stumbled upon this blog and its great!

    I’m about to complete a PhD in Physics at Oxford and am presently considering my career options. My strong points are definitely my mathematical and programming skills and I’ve been looking at internships in Quantitative Research at the big banks. I’ve been reading up on the subject for quite a while, but judging from your Sales and Trading interview questions, I might not fair well when competing against MBAs. Which leads me to my question…how much will you be expected to know if you come from a completely different background? Are interviewers sensitive to the fact that self-learners might not be able to cover every aspect of the financial world?

    My reason for choosing quantitative research is because it is most suited to my skill set and, on paper, I meet all of the criteria. I’m slightly worried that I will be surrounded by unsociable people who spend all of their time developing abstract algorithms which are little used by the rest of the company. How much interaction do you have with quantitative researchers in the trading team? I know that ‘sales and trading’ often has its own research team and I wonder if I would be better off in this role.

    Many thanks, N

    • High Flying Ladies
      Twitter: ueberfliegernet
      September 18, 2012, 9:19 PM

      Hi Nhala,

      first of all – what other careers are you considering? I think if you are smart enough to do a PhD in Physics at Oxford doing quant research at a bank could be a bit boring or a waste of your intelligence really. You need to be quanty for it but not amazingly smart. But of course it might make sense to do an internship to have a look. The process for PhDs is generally separate from the normal associate programmes, and also the hiring for quants is separate for sales & trading hiring, so they would definitely take your background into account. You would likely have quants or quanty traders with Physics/Engineering masters or PhDs interview you so they would do brainteasers and stuff like that to gauge your intellectual agility.

      Happy to answer further questions via email, just drop me a line!

  • Paul January 9, 2013, 5:57 PM

    Hej Anke!

    Hope you are well. Your blog is honestly very interesting and so relevant to many fortunate young people’s life decisions. You should be proud of yourself! I am sure that the effect of taking in this practical knowledge (which is so hard to get) has impacted the course (for the better!) of many of your readers’ careers.

    I relate a lot to your Cracking the Elite Code post. Indeed perhaps my profile would ressemble to a certain extent the second person in the book (the he). I just graduated from a Master’s in international relations from the University of Montreal and have accumulated noteworthy professional experiences over the years from good looking places. All points indeed to governmental/political jobs but I do not want this right now in my life. Later maybe, but not now!

    So now I’m looking for a job. Until recently I’ve never thought of consulting, but since a friend recommended giving a shot a McKinsey, I been reading a lot and am planning to hand in my application quite soon. I am conscious of all the warnings, and am ready to do the short-term sacrifices in order to either: get in a good international organisation subsequent to McKinsey or go into Law School.

    Any ideas on my plan (of course assuming all goes well to get there)? As a psychology/international relations major before getting into McKinsey, what were your biggest challenges you faced to prepare for the interviews and subsequently once you were in? Specifically, I think of the maths. Last time I did an equation was 9 years ago in calculus. Is it as important as I think?

    Thanks for your time. It seems only that not a lot of people could balance a family and such a fast-pace career. But you can pull it off…. and keep a blog! Bravo!

    Paul

    • admin
      Twitter: ueberfliegernet
      January 10, 2013, 1:06 PM

      Hi Paul – I took the same decision as you for much the same reasons – you can definitely get more interesting / higher lvl government jobs after a couple of years in consulting. I became quite disillusioned with the public sector / intl org opportunities straight from university, it’s not very meritocratic. McKinsey and other consultancies are a good idea for you I think. About the maths – it’s very important in the interview process, but you definitely don’t need calculus or any sort of equations most likely. So let me clarify. What is important is the ability to do “back of the envelope calculations” and quick mental arithmetic – so they want to know basically you are very good and quick and basic maths (really just multiplying numbers, working out percentages, guessing plausibility of results etc.), you don’t need any advanced maths. So you could easily outperform a physics or engineering student in the interview simply by being quicker and having more common sense and not complicating calculations. But you do need to be very solid and quick in the basics, so make sure you practice it if you feel your skills are a bit rusty by now. Hope that helps! Also thanks for the positive feedback!

  • el loser March 15, 2013, 11:31 PM

    Hi Anke,

    I was wondering, why do most banks only accept interns that are in penultimate year of their study? Short summary of my academic background and attempts to land a job in S&T:

    – Started studying Economics at Maastricht University in 2008.
    – Applied for Spring internships at 3-4 banks, no success.
    – Applied for 2009 summer internships, no success. Decided that they don’t want me because I was only first year student and focused on improving my CV by engaging in various extracurricular activities.
    – Applied for 2010 summer internships at ~15-20 banks, no success. At this point my career was apparently over before it even began, because I was in my penultimate year(it was a 3 year program), and there’s no way to land a job at a bank without having interned with them. I graduated in 2011, and moved back to my home country. Then, in late 2011 I finally got my first internship at a small Dutch hedge fund.

    Started my MSc in Financial Economics studies at the same university in sept 2012. 4 years of attempts and I had exactly 2 (two) phone interviews, one of which landed me an offer. Depressing experience, to say the least. I will never be in my penultimate year again, what would you do in my situation? My Master’s degree didn’t help either. I was thinking about moving to London and doing unpaid internships(if I get one, and that’s a big if). Possibly even enroll for another masters degree in finance at one of London’s elite schools, but then I will surely be asked by interviewers why did I need that second masters degree…

    • Anke Gosch
      Twitter: ueberfliegernet
      March 19, 2013, 2:01 PM

      Hi El,
      sorry to hear about your experience. I think a lot of it is due to timing – in the last years the financial sector has shrunk massively, hiring has been cut down to the minimum and so it would have been extremely hard for anyone to get an internship. Banks in London can be very picky. They will only take the top 5% candidates of the top school of the country – to give you an idea, a typical intern at one of the top 5 ibanks in London would probably be in the top 5% studying engineering at Cambridge or Imperial College and have won some Maths or Physics Olympiad in the past. It’s that competitive. So there’s not a lot you can do by now. I really wouldn’t advise you to get a third degree, because banks are still cutting and there are very few jobs. I think you need to rethink your career aims. Do you really want to consider a shrinking industry in cost cutting mode as your primary and only career goal? Working in small buyside firms and focusing on asset management jobs in your home country is probably a better way to build up a career. At some point, years of experience are more important than degrees that don’t lead to jobs. I would advise against unpaid internships. Try getting a good job somewhere outside the banking industry in your home country and build up experience. I hope that helps!

  • Matthew Leonard April 8, 2013, 10:11 PM

    Hello Anke,

    My name is Matthew Leonard. I am going to begin studying International Relations (IR) at St Andrews in September. I am currently considering which modules outside of IR to pursue, such as Philosophy. I have a great desire to pursue a career in commodities trading and was curious should I utilise these elective modules for subjects traditionally associated with Finance such as Economics or Management or would for example Philosophy suffice?

    Thank you.

    Kind regards,

    Matthew

    • Anke Gosch
      Twitter: ueberfliegernet
      April 9, 2013, 1:13 PM

      Hi Matthew – there are lots of useful modules for that. Macro and microeconomics are useful. Within IR, I would suggest Middle East politics, Central Asian politics, anything Africa related, modules on resource conflicts. Read about the impact commodities have on the politics of resource rich countries.

  • dmis March 2, 2014, 3:30 PM

    Hi Anke

    I am going to be starting at Mckinsey as an associate end March 2014 (European office). I wanted to get your advise on how one can be pro-active have a smooth start in consulting world(I previously worked in industry)?

    Also what are major legs of first 6 month steep learning curve that one should be aware of?

    Kind Regards,
    dmis

    • Anke Gosch
      Twitter: ueberfliegernet
      April 27, 2014, 10:05 PM

      Hi dmis – congratulations and how was your start? I’d say be very proactive choosing your first assignments and make sure you work with the right people if you have a choice, those who support and develop rather than judge. everything else you will figure out along the way, just try to talk to lots of people and network, other than that the feedback culture will provide you with all you need to know. Just be open to feedback and learn from all around you. hope that helps!

  • Ayodeji March 15, 2014, 11:21 PM

    Hi. I have enjoyed a few of your blog posts. My situation is that, presently i have just graduated from college in Nigeria and have an internship at Procter and Gamble that leads to a full time offer. I also have interviews coming up with Mckinsey office here in Nigeria. My true dream is to go back to college to study mathematics and physics up to the Phd level. I have identified some good quality english speaking schools in Asia and i have rregistered for the SATs so that i can be competitive. If i follow this plan, then i would be 32 by the time i have a phd. I really desire to become a college professor so that i can contribute my own quota to the development of my country as opposed to just amassing wealth. The problem now is that my parents though are not poor, are regularly in financial turmoil, and it has been generally assumed that i would work hard and provide some money to support them. I am in a dilenma between furthering my applications to the Asian schools by following my dreams and working a regular job to satisfy my family.

    1) how do you advice that i prioritise these issues and what is your opinion on the best thing for me to do?
    2) as regards the Mckinsey interview, how best do you think i can be creative in the case portion? I find that i can structure adequately and can do the math with some ease, but i am a bit slow in generating creative ideas.

    Thanks

    • Anke Gosch
      Twitter: ueberfliegernet
      April 27, 2014, 10:03 PM

      Hi there, thanks so much for your comment and sorry for the late reply! I hope you still read this! It’s hard for me to tell you how to prioritise these issues as you must think about what is the right thing for you to do.

      1) If you are the only one your family is counting on for support it will be hard not to provide it – although I assume you could do really well as a professor as well if that is your passion. There is no guarantee a business career would pay more in the long run than a university career. So maybe try to find a way to make yourself and your family happy if possible? If you aim for the top schools, you have PhD scholarships and quite good starting salaries for associate professors. You should be able to send some money home even with a PhD (assuming you can get a scholarship). Also, in an academic career you have much more time for other projects on the side.

      2) it may be too late by now – how did your interview go? I think the main issue blocking creativity is self-consciousness and perfectionism, as well as lack of practice. Just try to practice cases and practice brainstorming, and get into the habit of making lists or coming up with reasons.

  • G J March 18, 2014, 12:54 AM

    Hi Anke,

    I aspire to be a Management Consultant. I have 3 years of experience with IT Company working as Software Engineer and Currently I am pursuing my Masters in Information Science at NYU(New york University). I am selected for the position of Senior Consultant at big IT firm and my job role require me to work in Business Analytic with my companies Client. This area and job role looks promising. I would like to seek your advise on how should I peruse this job role so that I can apply for firms like Mckinsey, Bains in future.

    Please feel free to ask any questions and clarifications.

    -G J

    • Anke Gosch
      Twitter: ueberfliegernet
      April 27, 2014, 9:58 PM

      Hi G J! it is usually much better to get an industry / expert role and then switch directly to McK or others, rather than becoming a consultant in a smaller consulting firm. McK and the like want to hire people from industry more often than other consultants who have learned a different consulting style already. You might be able to get hired into McKinsey’s BTO though. But I would look at other engineering / computing jobs with good management exposure as alternatives in preparation. Hope that helps!

  • A.P May 3, 2014, 3:30 AM

    Hey! So I’ve been reading your blog (Your original and this) and it’s been extremely helpful. I will be a rising college freshman and I’ll be ultimately attending Cornell’s AEM program. I’ve been looking at careers in business, and I always thought the two main careers for ambitious college students interested in business was ibanking or management consulting. What are some other careers in business that are popular, “prestigious”, lucrative, etc right after college? I always thought I wanted to go into ibanking or management consulting but after doing comprehensive research about both careers, I just want to understand other options. While I’ve been in high school, I started two companies (working on a third this summer), did 4 internships (only one business related. I took anything I got), became the COO of another organization, and I’ve been super involved in general in my community. After my experience with all of this, I learned that I love working with small groups or teams of people and co-leading projects and initiatives and managing and an ing these initiatives. I also learned that I stress out a lot and worry naturally about everything (which is probably why I’m asking you about careers after undergrad even tho I haven’t yet started college) and I’m afraid that getting a job in ibanking or MC will make me stress out more than usual and I’ll be in a job that I don’t love but I love because of the money and prestige. Therefore, I’ve been looking at other careers but I don’t just want to be an accountant. What are some other careers in business that you’d recommend in this current job market? Also, what advice would you lend to college freshman who want to get as much of a headstart as possible when it comes to these things. I would love to personally chat if you’re ever available. This blog (with the female perspective) has been awesome.

  • Catherine July 23, 2014, 12:06 AM

    Hi, I have found your blog extremely helpful!

    I have been researching to the move into consulting and have set my sights on McKinsey. The work life balance doesn’t bother me as currently a 24 year old female and feel the next 5 years are the time to invest the hours in my career. I am happy to relocate also.

    I am from New Zealand and don’t have a MBA, only a bachelor’s degree in commerce. I have however worked since the age of 12 and since graduating have working in both sales and marketing for 2 of the biggest FMCG companies in the world.

    Based on my background is your honest opinion as to the chances of getting an interview at McKinsey? If successful I feel I have the skills to succeed (and can practice) but will I be overlooked before given a chance?

    Thanks

    • Anke Gosch
      Twitter: ueberfliegernet
      September 5, 2014, 10:19 PM

      HI Catherine – your S&M experience in top FMCG experience is a big advantage. Your chances will depend on your academic background as well though. Did you get top grades all along? Were you ranked at least in the top 10%? Did you win any awards or scholarships? This tends to be what McKinsey looks out for. Your attitude sounds perfect. Just apply and see what happens. It’s always good to target 3-5 consultancies just in case.

  • Ben September 23, 2014, 3:47 PM

    Hi,

    Love the blog. I am currently contemplating a career switch, from a big corporate law firm to one of the top three consulting firms. However, I am also a husband and a father of three young kids! Work life balance is important to me, and while I don’t have much of it now I hope to do so in the future, and part of my decision to potentially pursue consulting is based on that (greater exit opportunities). Accordingly, I was wondering if you had any thoughts whether this lifestyle is at all possible – namely, how difficult is it to stay local pretty often? Are there associates with children? How do they find it? I know the consulting firms have attempted to remedy some of the work-life balance issues, but I am curious whether you have a sense of how successful that has been.

    • Anke
      Twitter: ueberfliegernet
      October 7, 2014, 1:33 PM

      Hi Ben – I’d say it really depends on the office you are joining. It’s easier in a place like France or Spain or UK where most of the economy is concentrated in the capital. It’s harder in the US or Germany or Russia where firms and their operations are spread throughout the country. I’d say for exit opportunities it is a good move, but you will probably be traveling quite a bit and work hard. The good news is, I think the working hours are definitely better than in corporate law firms, the ex-lawyers I met at McKinsey, even those in the US, where always much happier at McK and felt is was far more relaxed. It all depends on your expectations :-). Good luck!

  • Jon October 28, 2014, 9:31 AM

    Hi Anke,

    I live in London, and have recently started a self study MBA in finance. My aim is to teach myself enough to switch into equity analysis/investment (my previous job was in finance, but in mortgage backed securities).

    Since I left my old job earlier this year, I have been studying at home, but am starting to miss the social network and structure of a job. Do you have any recommendations for coworking spaces or other networks in London that are skewed towards the self-study crowd, but not exclusively for entrepreneurs?

    I found your blog through searching for Co-working spaces, specifically your mention of the Forge in Shoreditch.

    Thanks!

  • Dan November 4, 2014, 7:44 AM

    Hi, Your blog is very helpful for me as finance student. I would like to ask you couple questions about the job. Could you tell me good thing and bad thing as Corporate analyst and Sale and Trading? I read your sale and trading already. What do you thing it is best for long term career and why? Do i have a chance to get a job if i’m not have a best grade in class or super smart from top university? By the way, i live in Thailand. Is it much easier to get an internship than US? Thanks xx

  • catherine January 1, 2015, 8:33 PM

    Hi,
    Your blog is so informative and insightful. I have received an offer for a sales and trading internship in London this summer. I come from a degree background which is non finance related, could you recommend any books I could pre-read in advance. Also I was really torn between IB and Sales and trading, because there are greater exit options in IB, what are the exit opportunities in sales and trading- are there any options that are still well paid?
    Thanks
    C

    • Anke
      Twitter: ueberfliegernet
      January 26, 2015, 10:10 AM

      Hi Catherine – congratulations on your offer. Yes here is a list of books you can read ahead of your internship. Also, I recommend brushing up your excel skills (VBA could be very useful, as as would be lots of shortcuts you can use in excel to save you time) and following financial news (market related so currencies, interest rates and commodities). Here are some books you can read:
      http://www.ueberflieger.net/2013/01/sales-trading-reading-list/

      In terms of exit options, sales and trading is not easy, you would probably need to get to the bayside, which generally is easiest if you do a research job within sales and trading (which are the least well paid on the trading floor but the jobs with the best exit options). If you are in sales or trading it’s not actually easy, most hope to make enough money to retire or become entrepreneurs later or they would look to set up their own fund, but you would have to be phenomenally successful in order to do that. It’s a job for risk takers for sure. You don’t have any defined path later. But if you’re young and don’t spend all your salary and bonuses, people are usually more than fine when they quit.

  • Rahul Dua November 11, 2015, 9:08 PM

    Hi,
    Your blog is extremely informative and insightful. Many thanks for that. I needed advice regarding my career. I hold an MBA from IIM Shillong and am currently working in one of the leading insurance companies in India as a part of their Business Leadership Programme. However, the work is pure sales, which does not fit into my long term goal of moving into strategy profile. I am thinking of joining a consultancy company to make a start towards my long term goal. Will it help? Please guide.

    • Anke
      Twitter: ueberfliegernet
      January 22, 2016, 4:44 PM

      it would potentially be easier to move into strategy directly via corporate jobs. Nowadays, unfortunately, even many consulting jobs involve very little strategy!

  • Vojin Mihailo June 30, 2016, 9:37 PM

    Hello,

    My name is Vojin Mihailo. I am at a cross-roads. I have completed a Bachelor of Science Degree, 4-Years (…In Biology), and have been accepted to the following programs.

    1) MBA at University of Melbourne Australia – 2nd best MBA School in Australian Ranking
    2) MBA/Law at University of Melbourne Australia – 2nd best MBA School in Australian Ranking/First Ranked Law School in Australian Ranking
    3) HEC Business School, Paris – 2nd best MBA School in European Ranking

    * The MBA in Melbourne is globally based with concentration on the Asia-Specific and their high rate of growth and development.

    Plus, i am hoping on getting into another few places.

    I elected not to apply to Canadian (…which i am) or American schools (…which i am not), because the tuition is out of my bounds/coupled with living expenses. You guys have a very expensive country. And the ROI is better at those schools listed above. Now for my questions.

    How does McKinsey, Bain and other consulting organizations view international MBA’s (Paris/Europe or Australia)? Is it harder to get placement out of school? My alternative is to apply to European Banks/Asian Development Banks if i cannot get into a consulting company.

    I want to get a Law degree because it will permit me to work in the Commonwealth (…which gives me opportunities if Consulting goes bust), but my hesitation is that i will be 26/27 when i finish (… that joint program). Will organizations be reluctant to hire a 26/27 fresh out of an MBA/Law program when there are fresh 23/24/25 year olds.

    What is the likelihood that MBA graduates get hired on as Associates rather than Analysts (Business or otherwise)?

    And lastly, when companies visit campuses what criteria sets apart a successful MBA Graduate versus an unsuccessful graduate.

    I appreciate the time you take to answer my questions. This is my dream job (… i am just sad i did not hear about it earlier in my life, otherwise i could have saved myself a year or two).

    Thank You.

    • ueberflieger
      Twitter: ueberfliegernet
      October 7, 2016, 12:04 PM

      Hi there, I am really sorry I missed your comment when you originally posted it. I assume you have had to make a decision already, what did you go for? If I could have answered earlier, if McKinsey etc is your aim, I would have applied to INSEAD as the European MBA (you could have even done it in Singapore). Otherwise the Australian MBAs / joint MBAs you listed sounded very good, too.

  • Coco July 27, 2016, 11:02 PM

    Hi, Your website is so inspiring.
    A little bit about myself. I graduated from a top tier university. However, I went through some major stress through university, physically and emotionally. This greatly affect my gpa. Now, I am in my late 20s, I feel I am falling behind. I want to get into consulting. How should I do it? My gpa is not enough to get into mba, so I am thinking about going back to university to get a second degree and do extremely well on them because I know I have the academic potential. Or should I do a master degree, but again my gpa is not good enough. What steps I can take next? I am hoping to discuss more in detail about my situation. And your advice is greatly appreciated. I am just so confused right now. Thank you so much. Coco.

    • ueberflieger
      Twitter: ueberfliegernet
      October 7, 2016, 12:02 PM

      Hi Coco, sorry for the late reply. What I would recommend you is to get a corporate job in whichever industry interests you, ideally a bigger company but whatever you can find given your academic track record. If you are keen on consulting later, you can always go in as an experienced hire. But adding another degree when you are already in your late 20’s may not benefit you much, whereas gaining work experience and moving up the ranks will help you. Good luck!

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