University Finance Societies - a Head Start
Byline: Clover Hughes
Increasing numbers of students are joining
university finance societies to learn
about banking in detail and improve their
chances of landing a job.Members meet
senior and junior bank employees, discuss
how to prepare for interviews, play
trading games and learn which sectors
and companies seem right for them.
The London School of Economics
(LSE) Finance Society, founded in
October 2002, grew to 800 members in
less than a year and organised more than
30 events for students.
These included a workshop on how to
write a CV and another on understanding
corporate finance, as well as presentations
and lectures to help students deal
with the task of looking for work, and on
what to expect when you start a job in
the financial services industry.
'We teach students about careers in
finance as they can ask us questions that
they would not ask recruiters/professionals.
We facilitate networking between
students and professionals,' says a society
The Oxford University Investment and
Finance Society (OUIFS) also offers a
wide-ranging programme. 'We give students
the opportunity to experience at
first hand aspects of the finance world:
from trading to mergers and acquisitions
and fund management, from the perspective
of different firms,' says Anthony
Lai, an ex-president of OUIFS.
Financial services firms make good
use of the society to contact students
they may want to hire. 'Students can
talk, at length, to experienced professionals,
recent graduates and to one another,
about any topics relating to their possible
role and, more often than not, get straight
answers on work-load, expectations and
opportunities,' says Lai.
'Of course, we
cannot hope to give the same insight that
an internship offers but we can certainly
put our members several steps ahead on
the road to getting one.'
In early 2003 the LSE Finance Society
organised events with Goldman Sachs,
Morgan Stanley, Citigroup, RBS Financial
Markets, Dresdner Kleinwort Wasserstein,
PricewaterhouseCoopers, Ernst & Young,
and others. …