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Top 10 Best Nig. Investment Banks In This Meltdown Period? - Investment (13) - Nairaland

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Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by Sagamite(m): 6:14pm On Apr 21, 2011
chamber2:

@Sagamite

Good points you made there.The cost of these unis is really very scary i must say.But do you think anyone who attends (because of cost) any of the 120 or so unis  in the UK for an MBA or Msc is not doing good for himself if he wants to start a career in Nigeria?

The reality is that life is not fair.

Most serious employers (I emphasis the serious, as some are not in Nigeria) are looking for top quality talents. They do not have the time or means to do all the screening for this, but they feel they can rely on, by proxy, the screening process top educational institutions conduct. For example, someone that can be accepted at and graduate from a Top 10 business school would not be a mental slouch and/or low parader of imposing presence. So they have less screening to conduct and they will believe the individual can deliver more and add more value.

The thing there is that if you can not afford these schools or do not have the pre-requisite track record to be accepted into them, all you can do is to go to the best institution as possible. That is all you can do and that is what you should aim to do.

Your future is not doomed in anyway, it will be tougher than those that have the gloss but your own individual ingenious career tactics, perseverance and luck will determine your faith. It might even be easier in Nigeria if you optimise the mentioned 3 factors.

There are few people with 3rd class from non-top universities that are making a mint.
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by sirgeorge(m): 5:39pm On May 03, 2011
Thanks for the advice everyone.I really appreciate it.I hope it's possible for me to meet some people on FB or YMSG so i can pick your brains for more info.Thanks again.
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by sirgeorge(m): 3:50pm On May 23, 2011
Seeing as it doesn't make any sense to do an MBA,can someone give me an opinion on a masters in management focused mostly on Finance.
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by chamber2(m): 6:47pm On May 23, 2011

Seeing as it doesn't make any sense to do an MBA,can someone give me an opinion on a masters in management focused mostly on Finance.

As much as i know, people take MBAs for various reasons.Either to advance their careers or to change career outright.I have seen people go for their MBAs immediately after their first degrees.But it is most advisable to go for an MBA after a few years of cognate work experience.Another thing that bothers is where you get your MBA, top school or just anywhere.The choice you make depends on your finance and acceptability into such schools.

Taking your MBA immediately after undergrad does not mean you wont succeed in life or with your career, rather it means that  it will be difficult to be recruited into mid or top management position just because you have an MBA.

Which ever option you take depends also on your career objectives.If you are ready to settle for ''anything'' after your MBA and then gradually move up the ladder then i see no harm in doing so after your undergrad.Then also, I think most of this glossy job of a thing depends on luck,intelligence, connection and maybe the reputation of your school.In Nigeria connection might play an important role,why in the UK and US the reputation of your school comes into play.

For programs in finance, I may suggest the University of Nittingham Masters in Finance and Investments or Durham Masters in Economics and Finance.It all depends on your finance, location and choice.If you want to study in Nigeria, i think you should consider a masters in Finance program from schools like UI,Unilag and maybe Uniben.I learned that OAU wastes people's time, but i think it all depends on your seriousness.Also, you may find most of this programs very difficult and frustrating if you do not have a business background.This is where MBA comes in.In MBA finance for instance, you only take courses in corporate finance which i think any serious student should be able to handle.

The internet is rich in resources pertaining to MBAs and top schools.Do not make decisions based only on what you read on Nairaland.
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by DisGuy: 7:31pm On May 23, 2011
Chamber2, Do you work in finance or have you worked in HR?
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by chamber2(m): 7:33pm On May 23, 2011

Chamber2, Do you work in finance or have you worked in HR?


why do you ask, sir?
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by DisGuy: 7:54pm On May 23, 2011
Absolutely not, it was a just a question

But I think you are trying to encourage someone that has a particular path with some information that might not really cut it in the hard nose world of Finance.

No school will admit a fresh graduate with Zero work experience into an MBA programme, even those graduates with relevance work experience say 2-3 years doing real work in finance will need some extraordinary talent to be admitted, that like 2% infact most of them will just wait considering the cost and time off work required. this wont be that much different other MBA pathways

I know you are trying to be nice but to be honest, where will a fresh graduate with MBA qualification fit in? he will most likely get a job but he will also be chosen along with others with just a Bachelors degree, earning the same thing going through the same entry level training
so you spend £12,000 for an MBA to get a N100,000-£400/month job doing same stuff with the dude with just a bachelors

Getting admissions for a Finance masters will be challenging but possible if you're coming from a numerate background. It will also help if you have some work experience or at least some certifications-you can actually just do this along with your Masters

Chambers, Finance is INTERNATIONAL so the trends in UK/US/ASIA is almost always applicable to local industry with regards to career entry and pathways

@sir george have you visited the career section of your university library?
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by chamber2(m): 7:58pm On May 23, 2011
Absolutely not, it was a just a question

But I think you are trying to encourage someone that has a particular path with some information that might not really cut it in the hard nose world of Finance.

No school will admit a fresh graduate with Zero work experience into an MBA programme, even those graduates with relevance work experience say 2-3 years doing real work in finance will need some extraordinary talent to be admitted, that like 2% infact most of them will just wait considering the cost and time off work required. this wont be that much different other MBA pathways

I know you are trying to be nice but to be honest, where will a fresh graduate with MBA qualification fit in? he will most likely get a job but he will also be chosen along with others with just a Bachelors degree, earning the same thing going through the same entry level training
so you spend £12,000 for an MBA to get a N100,000-£400/month job doing same stuff with the dude with just a bachelors


Getting admissions for a Finance masters will be challenging but possible if you're coming from a numerate background. It will also help if you have some work experience or at least some certifications-you can actually just do this along with your Masters

Chambers, Finance is INTERNATIONAL so the trends in UK/US/ASIA is almost always applicable to local industry with regards to career entry and pathways

Very correct sir.And i did state this here:

Which ever option you take depends also on your career objectives.If you are ready to settle for ''anything'' after your MBA and then gradually move up the ladder then i see no harm in doing so after your undergrad.
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by Sagamite(m): 9:48pm On May 23, 2011
chamber2:

Taking your MBA immediately after undergrad does not mean you wont succeed in life or with your career, rather it means that  it will be difficult to be recruited into mid or top management position just because you have an MBA.

Which ever option you take depends also on your career objectives.If you are ready to settle for ''anything'' after your MBA and then gradually move up the ladder then i see no harm in doing so after your undergrad.

For most good jobs in the UK, it can be a severe hinderance especially if the candidate has 1 or 2 years experience.

The candidate will not be qualified enough for mid/top-management roles and the candidate is "over-qualified" for entry-level roles. Most employers will be concerned if someone with an MBA is satisfied with entry level jobs (when most MBAs get over £50K jobs), does not a raised impression of their worth and will never really settle into the role considering their belief of "investment" in the MBA.

That little risk might lead to employers just looking for pure undergrads or MSc/MA students for entry level, leaving MBA students with insufficient experience in a phase gap.

Dis Guy:

No school will admit a fresh graduate with Zero work experience into an MBA programme, even those graduates with relevance work experience say 2-3 years doing real work in finance will need some extraordinary talent to be admitted, that like 2% infact most of them will just wait considering the cost and time off work required. this wont be that much different other MBA pathways

Mate, there are several UK MBA programmes that continuously take fresh graduates as long as they can pay.

Definitely not the top or middle tier ones, but several of the bottom tier. They just treat it like any other Masters.

Dis Guy:

@sir george have you visited the career section of your university library?

It is bloody Monday and you have already started drinking your burukutu! You no fit wait till Friday?  tongue

Persin tell you say im dey Naija Uni, you dey ask am with your posh English say "@sir george have you visited the career section of your university library?"?

See ya mouth!  grin
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by chamber2(m): 10:23pm On May 23, 2011
Mr.Sagamite

You are obviously not as bad as people consider you to be on this forum lipsrsealed lipsrsealed In most of your posts you sound very objective.

I cant stop reading this:


Your future is not doomed in anyway, it will be tougher than those that have the gloss but your own individual ingenious career tactics, perseverance and luck will determine your faith. It might even be easier in Nigeria if you optimise the mentioned 3 factors.

And then, this is what i got from LBS website regarding their MBA admission:

''Admission may be granted to candidates with less than three years' work experience, who present superior academic credentials and truly outstanding evidence of leadership through professional and personal experiences. We insist on students having good postgraduate work experience as our collaborative style of learning from the diversity and excellence of peers is a key feature of our MBA Programme. The average amount of work experience is 5.3 years. (Participants from some countries usually have less work experience than the average since their undergraduate study may be longer than others and/or national service has meant they started work later than others).

Admission may be granted to candidates with less than three years work experience if they can demonstrate superior academic credentials and truly outstanding evidence of leadership through professional and personal experiences.''
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by Jarus(m): 8:35am On May 24, 2011
chamber2:

Mr.Sagamite

You are obviously not as bad as people consider you to be on this forum lipsrsealed lipsrsealed In most of your posts you sound very objective.

Saga's brilliance is not in doubt. One of the most versatile guys on this forum. Somebody in my company, one of those Nairalanders that only read, when he got to know that I was the Jarus he'd been seeing on NL all these years, in our Nairaland discussion on our way home(inside staff bus), was telling me that Sagamite was one guy he would like to meet, that he gained very valuable info from his posts(I think on this thread or that on foreign schools) that helped him make a decision sometime ago.

Only that Sagamite is not gentle; he doesn't take prisoners grin
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by chamber2(m): 9:07am On May 24, 2011

Only that Sagamite is not gentle; he doesn't take prisoners

Absolutely,
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by Sagamite(m): 11:03am On May 24, 2011
chamber2:

Mr.Sagamite

You are obviously not as bad as people consider you to be on this forum lipsrsealed lipsrsealed In most of your posts you sound very objective.

Most of the people that think I am bad are either:

1) New or infrequent to the forum

2) Mooorons (mainly the ones that have been burnt by me)

For (1), they will most likely come around once they visit NL more, as long as they are not also (2). If they cannot see or focus on the objectivity and intellectual content of my posts, then they are highly likely to be dumb.

For (2), in my opinion most of the people that matter, the clerisy, do not think so. The moorons can think whatever they wanna think as I don't give a hoot what they think.  grin I like them hating me. I want them to hate me. I work hard for them to hate me. I want to upset them as much as their stewpidity upsets me and make me vex with God for putting me on the same planet with them. Moorons ruin the world. That is why people see me go off on mooorons.


chamber2:

I cant stop reading this:

Definitely! Rarely will anyone with a decent brain's future can be ruined because of lack of top school academic gloss. There are several CEO's and leaders from no-big-name institutions.

There are several geniuses that attended the failed Nigeria educational system and still shining like a million stars in Nigeria or out of it.

Adversity and social/origins misfortune can not hold a nice brain down [for long].

chamber2:

And then, this is what i got from LBS website regarding their MBA admission:

''Admission may be granted to candidates with less than three years' work experience, who present superior academic credentials and truly outstanding evidence of leadership through professional and personal experiences. We insist on students having good postgraduate work experience as our collaborative style of learning from the diversity and excellence of peers is a key feature of our MBA Programme. The average amount of work experience is 5.3 years. (Participants from some countries usually have less work experience than the average since their undergraduate study may be longer than others and/or national service has meant they started work later than others).

As I said earlier, this criteria is mainly meant for people with exceptional talent and work experience.

https://www.nairaland.com/nigeria/topic-280487.320.html#msg7724553

These are the type of people that have worked in top firms like the Mckinsey, BCG and Bains (MBBs). In such work environments, they have done real high-level work under their 3 years of work experience and been trained in the best environment and process of deep analytical and lateral thinking that you can get anywhere in the world, even LBS cannot teach it.

Others are like people that have worked in high profile, complex environments like the Prime Ministers Strategy Unit. Basically smart young ones that help run the country. That is the level of evidence of leadership through professional and personal experiences a place like LBS will look at to take anyone under 3 years. The exceptional talent I stated is the academic credentials (which LBS is talking about) that one will need to have obtained to even smell getting those kind of jobs. Think all As at 4-6 A-levels, Top 5% on your course at the top 4-10 universities in UK, but most likely Oxbridge, and some leadership positions in societies whilst getting those excellent grades at Oxbridge.

https://www.nairaland.com/nigeria/topic-141689.160.html#msg6771301

That criteria is not meant for every tom, deeck and harry with any less than 3 years experience, even if the applicant think it is top.

In some very, very rare cases, you can get in based on the fact that a school like LBS wants to piggyback on you because they know you will be successful based on your network/privileges:

https://www.nairaland.com/nigeria/topic-141689.128.html#msg5776613

Jarus:

Saga's brilliance is not in doubt. One of the most versatile guys on this forum. Somebody in my company, one of those Nairalanders that only read, when he got to know that I was the Jarus he'd been seeing on NL all these years, in our Nairaland discussion on our way home(inside staff bus), was telling me that Sagamite was one guy he would like to meet, that he gained very valuable info from his posts(I think on this thread or that on foreign schools) that helped him make a decision sometime ago.

Only that Sagamite is not gentle; he doesn't take prisoners  grin

That is why I don't think I fit into Political life. grin I don't want to be stifled. I want to be free to say what needs to be said, no matter who's Ewure is gored. grin

When you or tkb417 become President, just remember to make me Chief of Staff or Minister without Portfolio or Head of EFCC so I can kick some serious butts.

Don't make me Ambassador to some crazy country where the government oppress people and destroy lives o. Otherwise, within 9 months of me taking the appointment, Nigeria will be at war that you did not plan for as the host country begin to vex with what I am saying as ambassador.  grin grin grin
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by swtlv: 9:55am On Jun 15, 2011
hey guys

am kinda new in this forum but am enjoying the conversation so far,

i need a job in the IB industry preferably a corporate finance role.

i have a 2:1 in economics, msc in financial economics from uni of sheffield, uk and i just wrote CFA level 11 this june.

any help from you guys will be really appreciated. tanks.
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by AjanleKoko: 9:59am On Jun 15, 2011
swtlv:

hey guys

am kinda new in this forum but am enjoying the conversation so far,

i need a job in the IB industry preferably a corporate finance role.

i have a 2:1 in economics, msc in financial economics from uni of sheffield, uk and i just wrote CFA level 11 this june.

any help from you guys will be really appreciated. tanks.

Investment banking as we knew it in 2007-2008 is dead in my view.
You're going to have to go for an analyst role, and start from the bottom. Try and check out the PFAs, and some of the more stable banks in Nigeria. There's also way too much competition for jobs in Nigeria.
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by swtlv: 10:03am On Jun 15, 2011
@Ajanlekoko tanks alot

truth is i really dont even know where to start. i just came back to nigeria and i kinda feel lost and to make it worse i live in abuja where nothing happens except government.

pls guide. tanks,
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by AjanleKoko: 10:05am On Jun 15, 2011
swtlv:

@Ajanlekoko tanks alot

truth is i really dont even know where to start. i just came back to nigeria and i kinda feel lost and to make it worse i live in abuja where nothing happens except government.

pls guide. tanks,

Lagos is where you need to be, if you're targeting the finance sector.
All the banks, fund managers, PFAs, are in Lagos.

You might have to do something old school, i.e. find out where the offices of all those companies are, and personally visit them to drop your CV.
Success only comes to those who strive. Best of luck.
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by swtlv: 10:10am On Jun 15, 2011
tank you am most grateful,
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by Sagamite(m): 11:01am On Jun 15, 2011
swtlv:

hey guys

am kinda new in this forum but am enjoying the conversation so far,

i need a job in the IB industry preferably a corporate finance role.

i have a 2:1 in economics, msc in financial economics from uni of sheffield, uk and i just wrote CFA level 11 this june.

any help from you guys will be really appreciated. tanks.

Did you do your undergrad in UK?

If so, where?
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by jaybee3(m): 11:45am On Jun 15, 2011
swtlv:

hey guys

am kinda new in this forum but am enjoying the conversation so far,

i need a job in the IB industry preferably a corporate finance role.

i have a 2:1 in economics, msc in financial economics from uni of sheffield, uk and i just wrote CFA level 11 this june.

any help from you guys will be really appreciated. tanks.
Search for tkb on this site.
Can i ask why u decided to move back to naij without getting valuable experience?
Something tells me you had just be like everyone else in the basket with little or no advantage whatsoever
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by candylips(m): 3:49pm On Jun 15, 2011
^^ uk is increasingly becoming difficult for foreignstudents.
Tory policy will make the UK a very undesirable place for studies in the coming years.

Besides. Uni of Shelfied is not well known in the IB circles in the City.

if he had gone to LSE,Imperial or Cass he might have had a better shot at internship in an IB
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by Sagamite(m): 3:54pm On Jun 15, 2011
candylips:

^^ uk is increasingly becoming difficult for foreignstudents.
Tory policy will make the UK a very undesirable place for studies in the coming years.

Besides. Uni of Shelfied is not well known in the IB circles in the City.

if he had gone to LSE,Imperial or Cass he might have had a better shot at internship in an IB

If he did his BSc also at Sheffield, the uni is top enough and the subjects background aligned enough for him to try his luck out.
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by swtlv: 9:15am On Jun 16, 2011
tanx for all d comments, but am back in nigeria now and whether i would have done internship in uk is no longer relevant.
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by Cory(f): 8:28pm On Jun 30, 2011
this is the most informative site ever. I want to say a big thank u to all who has given us insight into IB.
Please ill like to start of a career in IB , bt so confused as to the prospects, currently pursuing a masters degree in corporate finance univ of reading and coming from a switch in computer science unilag. Im in love with the IB thing, but dont know how viable it is, alsoconsidering the state of the nigerian economy. Worried 23 year old female.
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by Cory(f): 8:44pm On Jun 30, 2011
Jarus, lovely evening to you. I forgot to include ma contact.
Im in dire need of your advice, im in dire need of guidance as i hope to pursue a career in IB. I do not know where to start. i had a 2.2 in computer science but trust me im much smarter than that, but u know stuff happens sha. i can be reached on . Worried 23  fellow, hoping to hear from u soonest. Even if its an internship role, just for the experience, i wouldnt mind.
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by chamber2(m): 8:57pm On Jun 30, 2011
@Cory

have you graduated or about to? And please remove your phone number before this scammers get hold of it.You could open an email address for this purpose.
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by Cory(f): 9:42pm On Jun 30, 2011
all ma big brothers in the house, i need advice ohhhh. Im thinking of ACCA too, much as its a bit pricey, my mind is made up. But i need truthful advice, idont want to make costly mistakes too, as regards career path.
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by Cory(f): 9:57pm On Jun 30, 2011
thanx dear i will, im kinda new to this site, dont quite know how to navigate.
please hit me up on dat nomba

chamber2:

@Cory

have you graduated or about to? And please remove your phone number before this scammers get hold of it.You could open an email address for this purpose.
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by Cory(f): 10:05pm On Jun 30, 2011
Mr chamber thank u, dis sister of urs has served noh. Just chilln at home looking for a job and running my cocktail and chapman business, dats what is keeping dis sister afloat. i justfinished service with a good coy, bt wasntlooking at retainership coz theres not much to offerin terms of experience and growth.
uncle chamber, please just hit me up.
chamber2:

@Cory

have you graduated or about to? And please remove your phone number before this scammers get hold of it.You could open an email address for this purpose.
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by Cory(f): 10:12pm On Jun 30, 2011
MR chamber, im waitn for ur response please sorry about my typographical errors.
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by Jarus(m): 10:26pm On Jun 30, 2011
if i got you well, you said you're doing your masters in corporate finance already, that's a good step already.

i just had a brief stint in
Re: Top 10 Best Nig. Investment Banks In This Meltdown Period? by chamber2(m): 10:29pm On Jun 30, 2011
You said you are currently running a univ of reading Msc and yet you sound like someone in Nigeria.Is it an online masters if i may ask?I cannot say what the prospects are owing to prevailing economic situation, but i will advise that you allow your passion, future goals and interest guide you.Money is not everything.Kindly be specific on what you actually want so that more experience members will be able to help.

I doubt if anyone here will have the luxury of calling you on phone, except scammers in most cases. grin

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