Breaking finance industry [yawn....]

[Cheshire Cat]

When I was permie I applied for a few IB permie jobs that insisted they required at least 2 years banking exp. I had none, and didn't pretend to have any. Got the job and about 2 months in my manager told me they knew I would pick up whatever finance knowledge I needed on the job, and since the techie and personal stuff was a match they went for me.
I'd suggest keep plugging away and appear keen about learning new stuff, which is always attractive to interviewers.
Of course this worked for me when I was permie, I guess if they're paying "x" per day for "y" months they're not thinking long-term, just want you to hit the ground running. If you REALLY want to break into a new sector then permie might be your best option, but you may have to take a relative pay cut to do it.

[shaunbhoy]

gimme a B

gimme an L

gimme an A

gimme a G


hth

Milan.

As benesy says, you may have to wing it a bit. And he speaks from experience you know. He joined his first Blue Chip as a janitor, and has worked his way down from there.

[Bumfluff]

Just keep applying IMO, for you first gig only apply for roles where you technical skills are 100% what are required, and rate wise be cheap, last client specificied in the add 'banking experience required', but the two people we took on in the end didnt have any banking experience, but they had the skill set and were cheap. And of course blaggggg, Wikipedia is your friend.

[milanbenes]

gimme a B

gimme an L

gimme an A

gimme a G


hth

Milan.

[bogeyman]

a daffodilsultancy

[Tensai]

Get a role through Xansa (Other insultancies are available) at one of their banking clients and gain the exposure there.

Nice idea, but they seem to have the same pre-requisites, I guess the banks don't want to get a noob in via a c*ntsultancy any more than they would via a contractor.

[Tensai]

On current team there are a few doing there first IB stint - all are very very good technically.
I dont think training will help - but it wont hurt.
Try to find a techie role or get lucky.
Sometimes jobs are advertised as "no IB experience necessary".
Be prepared for a low rate at first - but dont get taken for a ride by the agents.

HTH

Cheers for that. If you've got superlative techie skills then most places will overlook a lack of specific industry experience...

... for mere mortals that leaves a problem.

I'm in the Oil industry and they pay well here, so far from desperate. Just want to add strings to the bow.

Time to get the prayer mat out then.

[moorfield]

As a PM your best route in may be as a "testing manager" or some such similar role. Its a tulipe job to be doing in an IB but you won't need too much detailed product knowledge to start with but you'll pick that up anyway - as long as you can demonstrate you can manage a big spreadsheet on a daily basis you should be a good candidate!

[Churchill]

Get a role through Xansa (Other insultancies are available) at one of their banking clients and gain the exposure there.

[oracleslave]

Try to find a techie role or get lucky.
HTH

He is a PM FFS.

[BrilloPad]

Before I get sarcy replies , yes I *have* done a CUK search, found odds and sods, just want to try and get a focussed view as there are a few IB-people here.

As I see it, potential tactics are;

1) Get a personal recommendation/introduction
2) Go permie () first to build up the experience
3) Get some finance training to prove you "know" the industry
4) Pray fervently to whatever god you worship

So which (combination?) is most likely to succeed? I'm a PM not a developer (if that makes a difference.) I know things are iffy in the finance sector currently, but plan to start doing the required groundwork now for the future.

TIA

On current team there are a few doing there first IB stint - all are very very good technically.
I dont think training will help - but it wont hurt.
Try to find a techie role or get lucky.
Sometimes jobs are advertised as "no IB experience necessary".
Be prepared for a low rate at first - but dont get taken for a ride by the agents.

HTH

[Tensai]

You are Wilmslow in disguise and I claim my £5. Begone with you.

Don't you EVER insult me like that again

please... (I'm a well-brought up chap.)

[moorfield]

2) Go permie () first to build up the experience

You are Wilmslow in disguise and I claim my £5. Begone with you.

[Tensai]

Before I get sarcy replies , yes I *have* done a CUK search, found odds and sods, just want to try and get a focussed view as there are a few IB-people here.

As I see it, potential tactics are;

1) Get a personal recommendation/introduction
2) Go permie () first to build up the experience
3) Get some finance training to prove you "know" the industry
4) Pray fervently to whatever god you worship

So which (combination?) is most likely to succeed? I'm a PM not a developer (if that makes a difference.) I know things are iffy in the finance sector currently, but plan to start doing the required groundwork now for the future.

TIA