Availability of Contracts >=500 p/d

[nomadd]

Are you suggesting to stick at it ?

I can see what you are saying, but the reality is and what other posters are saying is that most IB roles require at least min 2 years experience to stand any real chance of getting in. I do have this just and yet have struggled in the past to progress with any roles. IB is like public sector, closed shop without a whole CV of industry experience. Luckily I am diversified enough (or rather to a point) to now be in Private Banking.

So, like me, you've managed to do it.

Why? Because rather than sit around here trying to get a post-count of nearly 5,000 (like some other posters I could mention) you directed your energies in the right direction. Good man.

Oh, and you learned to stick at it

[malvolio]

So, like me, you've managed to do it.

Why? Because rather than sit around here trying to get a post-count of nearly 5,000 (like some other posters I could mention) you directed your energies in the right direction. Good man.

Oh, and you learned to stick at it

The post count is close to 5000 mostly because I persist in trying to answer questions - usually the same old ones about contracts and clearance and the legals and how HMG views things - which I've been doing for several years now, and mostly in the two business-related boards. Usually with some success, but let's not let a little history get in the way.

In fact you could say I stick at it...

[Not So Wise]

nomadd, financial is a closed shop, trying to argue otherwise is like trying to argue the sky is not blue

Sure sometimes people get lucky (mainly during the boom times when rates get to high even for IB's) but they are exception not the norm

As to post counts, by my calculations, looking at your start dates, you average 1.6 per day, malvolio averages 2.6 a day, an amazing one extra post per day.

[nomadd]

nomadd, financial is a closed shop, trying to argue otherwise is like trying to argue the sky is not blue

Pretty defeatist attitude, IMHO. Glad I don't share it. Still, no point flogging a dead horse any further. Guess we'll just have to agree to disagree over this one.

Ps. For those still reading, I did a search for jobs on jobserve where "no previous banking experience was required" and got over 50 hits. Mostly permie, but offering £50k-£60k on average. If I was keen, I'd take a years break from contracting to do that. Then back to contracting. Where I'd stick at it.

[d000hg]

nomadd, financial is a closed shop, trying to argue otherwise is like trying to argue the sky is not blue

As nomadd already explained (in a pretty good post) that's logically not the case. Otherwise there would be nobody under 50 working in IB, unless 100% of new jobs are filled by new graduates, which is not the case.

Just because you can't get into IB doesn't make it closed. It makes you unlucky, or missing some important things on your skills list, or having a bad CV, or just not being very good.

Nobody said it was easy, but the stick at it approach might take a good few years while you do other contracts waiting to get lucky.

[swamp]

There are ways to get into IB if you really want to. Most of the nay-sayers probably aren't cut out for it anyway.

Oh and £500+ a day outside finance is perfectly possible. You probably won't find such rates on JobServe though.