Do The Wall Street Shuffle!

If you turn your sound on you will hear quite an old song called the "wall street shuffle" by 10cc. Its very funny and a decent song. I thought you Investment Bankers etc will appreciate it. Here is a snippet of their lyrics:

"Do the Wall Street shuffle
Hear the money rustle
Watch the greenbacks tumble
Feel the Sterling crumble

You need a yen to make a mark
If you wanna make money
You need the luck to make a buck
If you wanna be Getty, Rothschild
You've gotta be cool on Wall Street

You've gotta be cool on Wall Street
When your index is low
Dow Jones ain't got time for the bums
They wind up on skid row with holes in their pockets
They plead with you, buddy can you spare the dime
But you ain't got the time
Doin' the....
Doin' the....

Oh, Howard Hughes
Did your money make you better?
Are you waiting for the hour
When you can screw me?
'Cos you're big enough

To do the Wall Street Shuffle
Let your money hustle
Bet you'd sell your mother
You can buy another "

As you can see very entertaining! If you would like to use this as a ringtone [I would advice against!] or any other purpose just drop me an email: ogaden@hotmail.co.uk

Accommodation for your Internship

Just wanted to make a small note on this matter as I know many people are struggling with accommodation.

Unless you are of the lucky few that actually have family or friends near where you will be working this summer you are going to need to rent a place. Again, if you’re lucky enough, use your contacts. If not then there are many ways you can find a place. An easy start is the Internet. There are lots of brilliant sites I have come across so I will just name a few.

Gumtree: Simple and easy site to use, find what you want from other people

Nestoria: A comprehensive selection of available properties with a lot of nifty features such as a map, which tells you the nearest train stations, health centres, car parks etc.

For example, if you want to rent a flat in canary wharf - I think some of us may need to rent elsewhere considering those prices!!

The list goes on, but the key is to start looking as early as possible. I have recently found out the some university halls have already been filled up and some only have places available from July even though internships usually start in June!

No Internship for the Summer?

If you haven’t managed to secure a summer internship this summer then what you should be thinking about now is how you can improve yourself both at an educational and personal level so that you can secure a summer internship next year or a graduate programme which will also be just as competitive at the very least if not more.

So here are a few ideas/examples for things you can do during the summer to improve your chances:

1) Research and educate yourself in the way of the Investment Banks! – Regardless on what you will be doing during your summer, reading regularly about a bank that you are interested in and its industry is something you should be doing. I have met students that actually try to find out about banking news a few days before their interview! To really know a bank and what is actually going on in the markets you are going to need more than yesterdays news.

2) Take relevant courses – there are so many courses that you can take that are highly regarded by investment banks, these extra qualifications means that you will be differentiating yourself from the many students that turn up with standard qualifications: GCSE, A Levels, IBs etc. A respected course provider is:

http://www.bppfinancialservices.com/courses/default.htm

From the above you will see there is a wide range of qualifications to choose from, but make sure you chose one that will help you in the division you will be applying for.

Also as a braod guideline:

CFA: Would suit Asset management and equity research etc - http://www.cfainstitute.org/

CFQ: Would be suited for M&A/Corp Finance etc - http://www.cfqualification.com/

There are also some summer schools run by the LSE which can be very useful. But they are expensive!

3) Work Experience: Part time, Full Time, Temping and Voluntary work – all experience is good experience, but trying to find a job that is relevant to Investment banking is very difficult. However, it goes without saying that this will be a definite plus.

4) Travel! – Spending your summer travelling may be a viable proposition; as long as you combine it with some form of voluntary work, this will mean you will have something worth talking positively about in an interview!

5) Do nothing! – This is an option that has its own valid argument. Since you will be working for the majority of your life why don’t you relax now! However, in the interviews you will turn up as the same person you were last year, no improvement à it’s actually quite funny if you think about!

I hope the above helps. The bottom line is be proactive if you want to succeed.