Assuming you go to a , your first networking in banking experience will be on-campus, and so the question invariably pops up “Is it a strategy worth pursuing?”
Well, for sure – because just like the fat walking-challenged birthday boy, all you have to do is sit around on-campus and wait for everyone (banks, college, clubs) to come to you. It’s just so easy!
The will hold investment banking information sessions, canapé-n-drink fueled networking chats and even interview you on campus, however informally.
Your will lay on financial career fairs, banking career talks and other industry crutch-grabbing shindigs.
Meanwhile will put on mixers for students interested in becoming investment banking analysts, giving you even more contacts and knowledge.
But the catch is you’re not the only birthday boy at this party. In fact your entire year level will be joining you and you’re really not that special.
So the unique quality that makes investment banking networking on-campus so attractive – being how accessible it is – is also its downfall. In fact, it’s so easy to attend that even students with barely-there hard-ons for investment banking will come to these sessions. and almost no barriers to entry.
No wonder then that these investment banking networking events (with or without bankers) are more likely to resemble the killing fields depicted in a National Geographic Serengetti Special rather than a Professional Career Event.
There are to get a fistful of business cards, half-assed answers to lame questions and a couple cups of complimentary liquor.
The final potential death knell is that these events often take place so close to – sometimes even just days before – that they’re unlikely to help you establish any long lived relationships with bankers (unless you are a junior).
Our end conclusion is “, but don’t make this the last stop on your networking ways”.
They are the most gaff-filled event on Earth and yet we still think you should go, so let us explain ourselves.
There’s significant talk out there amongst banking bloggers that on-campus information sessions / mixers are really . And certainly, in some respect they can do more harm than good.
We are talking about events where the sheer number of students trying to stand out and impress bankers is enough to have you bolting for the exits after all – the x-rated is enough to make you reach for the freaking sick bag at times. And with the downright awful, maybe these events should be no gos.
But you get into investment banking. Think bank presentations, 5-1 student-banker conversations, and most of all speaking to fellow grads in the know. And since these are amongst the top 15 goals of networking in banking, on-campus events are worth a shot.
Plus if you take the initiative to make contacts with bankers via very brief intelligent questions and comments, and you (this is the key), you’ll have a rocking time.
(1) we took away pages of valuable scribbled notes and advice, (2) met dozens of high-quality people; both bankers, HR & fellow switched on students, (3) racked up multiple resume passes and (4) received many requests to call and interview outside normal recruiting.
And think about the . We racked up all this courtesy of barely a handful of afternoons and evenings spent on-campus (probably a collective 20 hours in total…that’s it!). The message I’m trying to scream is that on-campus networking is rewarding, painless and efficient. The freaking bankers are coming to you remember…and in droves!
Thankfully if your on-campus networking efforts end worse than my recent Ghanaian-goldmine speculative play there’s still a consolation prize to cushion the blow.
Oh, and perhaps a little lukewarm canapé too?
Check out the complete guide on invesment banking networking on-campus.
Richard is the head writer for Inside Investment Banking – a one-stop shop of advice for students just like you who want to know how to Break into Investment Banking without a 4.0 GPA from Harvard or nepotistic connections on Wall Street.
Created by a team of 5 young bankers, Inside Investment Banking contains all the real insider advice you need to write killer banking resumes, answer tough interview questions, network with bankers and much more.
You can read more Free Tutorials on Investment Banking Recruiting just like the one above by visiting Inside Investment Banking now.
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If it wasn’t for Morgan excercising some restraint in the CDO market (only major moneycenter bank that did), this economy might well have already collapsed. i think they deserve to gobble up the good deals in the market and frankly, i don’t think Bear’s or Wamu’s employees are too angry with Morgan as their new boss, better than no boss (job) at all.
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Keep in mind that all the Canadian banks operate offshore versions of themselves and all banks in general offer executor services which is what's needed to provide an offshore incorporation service since a director of the corporation often must be a citizen of the country in which it is incorporated. I'm sure that the banks of virtually every country in the world offers such services from various tax haven locales.
I think that you will find the regulations governing banking to require substantially more funds than you've set aside, also banks are limited as to what they can invest their depositors money into and how much of their depositor's money must be kept on reserve and liquid so you can't extrapolate deposits to an ROI. Even setting up an insurance company in the Carribean requires $250k in escrow, I'm sure a bank would have much more stringent requirements for a reserve.
Yes as you've described the business, it's a Ponzi scheme because you are assuming that the deposits are income when in fact they are entrusted to you. The income comes from lending out some of the deposits in loans and mortgages (banks are often restricted to such investments).
You also have to be careful with the website design, the US has been using the concept of "personal jurisdiction" to extend their laws extra-territorially to foreign servers on the basis of the website being sufficiently interactive. Remember the US has been pushing the limits of it's jurisdiction ever since 9/11 to the extent of the FBI conducting raids and arrests in African countries. And yes, the US does try to jail the owners of offshore institutions based upon the extension of extra-territorial jurisdiction as they did to the owners of the Canadian Neteller, you may find yourself having to avoid US territories like Micronesia, Afghanistan, Iraq, Saudi Arabia and pretty soon Yemen and Libya etc. Just being an offshore bank offers little protection other than obfuscation these days so I doubt that the customers would get much from just going offshore.
Bigups to this Peeps,, Seen !! Blessed are those with the OVERSTANDING & COURAGE to EXPOSE this SHITSTEM.. He’s feeding us the DOWNPRESSED,, Jah Bless !!
I try to look at foreign media to see the differences on world wide events?
What sources of info would you sugest?
Yes but this isnt happening fast,its very gradual i think, if its true.
I need to keep analysing the mainstream media for increased right-wing views by respected journalists on current events in british media to work out if its really happening or im just imagining it.
“I need to keep analysing the mainstream media”
The mainstream media is virtually worthless, it deceives by ommission and by reporting government propaganda as being authoritative. You need to go outside MSM for leads and do a bit of reseach on your own.
I am worried about Britain & America, i think that the governing elite have become idealogicaly too rigid, just like the elites in the Soviet Union before it collapased!
My suggestion would be that the British and American government should build masses of affordable houses for the working classes, using Keynesian moniterist policies!
but they arent doing this because they are Free Market Fundermentalists who think that the Market solves all problems, why cant they be a little flexible?
Imagine a behive where the worker bees werent given any resources to build cells so that they couldnt reproduce and create more workers.
If this happened the workers eventually would stop producing honey for the beekeepers!
There’s another development that is quite worrying in Britain & America, Habeas corpus has been suppressed in the US and Magna Carta is now threatened in the UK. It appears democracy and civil rights are gradually being dismantled in a way that parallels the rise of Fascism in Germany in 1930s.