(UK) Too late to pursue finance and make it? 19 years old, not a lot of momentum in life.
To put my situation in short:
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Bad academics up until now (think C/Ds at GCSE, currently doing level 3 btec business (don’t laugh lol) and self studying AL maths privately at home.
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Got an offer for Exeter CS, but don’t know if I’ll make the maths grade considering I only started studying the 2 year course in December (6 months total to get a B, currently at a C)
Basically, I don’t know what my best options are to try and compete in the brutal finance job market. I don’t care much for prestige or IB vs other departments, I’ll pursue anything that’ll allow me to build a good career in the city.
I’ve considered withdrawing my maths entry and sitting it next year alongside further maths and another A-levels, with eyes on atleast a semi target or target.
Only issue is, I’ll be almost 21 going into undergrad and 24 graduating. I don’t think I’ll be able to break into IB straight out of uni, so will need to do the whole Big 4 TAS lateral thing if I decide IB is my calling. This means that if I break in, I’ll most likely be 27/28 coming in as an AN2/AN1 (I think?)
Any advice appreciated!
I’d also like to note, I’d be 100% happy in MO, MM/LMM banks or breaking into big 4 and staying there. Would love some guidance
A level maths is fairly easy if you dedicate enough time to it , a B is around ~50% and probably a good target to aim for considering some Banks do filter people on A levels, particularly maths.
Other than that you can go down the big 4 route which would be feasible or take a gap year and apply for degree apprenticeships while retaking a level maths (if your grade is low)
Based on the WSO threads and discussions, it's never too late to pursue a career in finance, even if you're starting with some academic challenges. Here are some actionable steps and considerations to help you navigate your path:
Leverage Your Current Offer: If you have an offer from Exeter for Computer Science, that's a solid foundation. CS is highly valued in finance, especially in areas like quantitative finance, algorithmic trading, and risk management. Focus on excelling in this program and consider taking finance-related electives or joining finance clubs to gain relevant exposure.
Improve Your Math Skills: Since you're currently self-studying A-Level maths, continue to push for the best grade possible. Strong math skills are crucial in finance, particularly in fields like investment banking and private equity. If necessary, delaying your exam to ensure a better grade and taking further maths could be beneficial.
Internships and Work Experience: Gaining practical experience through internships is crucial. Look for internships in finance or related fields. Even internships in smaller firms or startups can be valuable, as they often provide a broader range of responsibilities.
Networking: Start building your network now. Connect with professionals in the industry through LinkedIn, alumni networks, or finance clubs. Informational interviews can be a great way to learn more about different roles in finance and to make connections that might lead to job opportunities.
Consider All Finance Roles: While investment banking is high-profile, other finance roles can also be very rewarding. Roles in corporate finance, asset management, or even fintech can provide excellent career opportunities. Be open to different paths.
Further Education and Certifications: Post-graduation, consider certifications like CFA or FRM, depending on your interest area. These can enhance your knowledge and make you more competitive in the job market.
Age is Just a Number: Entering undergrad at 21 and graduating at 24 is perfectly fine. Many finance professionals start their careers later due to various reasons. What matters most is your skill set, experience, and determination.
Remember, the path to a successful career in finance doesn't have to be linear. With the right strategy and persistence, you can build a rewarding career in the industry.
Sources: Over 30, still no undergrad, finance career options?, In my early 30s with no direction, 22 Year Old Failure Seeks Advice re: Breaking into Finance, Some thoughts about luck in your career, An old man looking for advice
maybe try get into big 4 degree apprenticeships. good way to guarantee a well paying job with no debt and i believe it isnt too competitive although they are getting more sought after. my friends doing it at Newcastle with pwc and he gets a guaranteed associate role after finishing his four year course
Plenty of ways to get your foot in the door mate. I studied part time for a while and graduated at 23yo. Get some sort of degree that allows you to get relevant experience and then start job hopping. It's a marathon but if you keep your energy and dedication high to match your ambition you can absolutely get a good role in the City by the time you are in your late 20's.
What’s asset management like? Sounds cool, what can I start doing to now to set me up to get such a role? Many thanks for the hopeful words :)
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