Comments on: Investment Banking: Australia Edition

By: Jono Choi

Jono Choi — Mon, 16 Jan 2012 03:38:54 +0000

I believe the top tier universities are ANU, University of NSW, University of Adelaide, University of Queensland, University of Melbourne, University of Western Australia, Monash and University of Sydney. If you’re looking at it pretty much each respective state has a top tier university and theres no real gain in moving interstate to gain a slight advantage. To my knowledge the very top end schools are UNSW, UMelb and Usyd. The others are slightly less regarded. I earned my degree at UNSW but didn’t particularly like the quality of teaching or the provided materials. I heard theres higher quality teaching and materials at Usyd but most top end students do come from UNSW. When I did my IB internship we had 7 Comm students from UNSW, one science student from USYD and the rest were from abroad(strange I know).

By: M&I - Nicole

M&I - Nicole — Sat, 07 Jan 2012 07:39:55 +0000

It depends on your circumstance and what you want to achieve. Law is useful in IB but I don’t know if banks will hire you just because you have a law degree unless you want to be in the legal/compliance dept or want to be work in law firms that specialize in IPOs/M&As etc.

However, having a law degree does help you in banking as you progress in your career but it is not a must. Whether it is a good investment or not depends on your judgement

I think both are good options but it really depends on your background and I can’t advise you just on the comments page alone. You have to bear in mind that you don’t have a visa to work in NY though so it may be tough but not impossible.

1-2 years maybe? Depends on luck and other factors too. Yes, for Australian investments.

By: Luke

Luke — Sat, 07 Jan 2012 04:31:45 +0000

I read elsewhere on your website that a 2nd or dual degree in law was a bad ROI, is Australia an exception to this?

Also, if I was looking to find a career on the buyside is it easier to try and break into an aus HF (despite the size of the industry) after 3 or so years IB experience or would I be more successful making an internal transfer to NY and trying to find a HF job there? If I do this how long will I have to work in Aus before they would consider a transfer and would my Aus IB experience be considered when applying for a buyside role? The easy answer would be to apply for IB in NY directly but I simply lack the contacts to do that.