Sunday, January 13, 2008

On jobs in London city

Certain major differences from Indian job market are:-

1) Campus presentations and NOT campus placements-
The companies come to campus only for presentations and not to recruit. All applications are made online and off-campus. Applications are judged on their merit and then applicants are invited for further rounds of selection.

2) Open market-
...that is, anyone with ANY degree can aply for ANY job. So, do not be surprised if company website mentions a profile of a geography or English literature graduate as an investment banker. As long as the applicant can convince that he/she has the required skill-set, he/she stands a good chance
As a result, the pool is immense and so competition is pretty stiff.

3) Selection process-
A standard procedure is,
Online application---> Numerical and verbal/logical test--->Telephone interview (competency based)/First round of interview---> Assessment Centre---> On rare ocassions, a final round of interview.
Do read up on assessment centres!

4) Work experience prefered
Preferably relevant! Voluntary work also respected but the applicant should be clear about what he/she has learnt from it and how is it useful for the job applied for.

5) Strict guidelines for CV and cover letter
Refer to the college's career services. Basic pointer is, i-banks--> one page CV, consultancies--> two page CV,industry-->refer to the website.

6) Extra-curriculars, team skills and leadership skills a must!
Nobody wants a geek.

7) Excellent communication skills required.

8) Apply early!
Deadlines are sharp and applications are considered on a rolling basis. So, apply early.

9) Huge salaries :)
Banks and consultancies, on an average, offer 35K Pounds basic for analyst positions. Gross might come up to 50-60K depending on the division and firm. Industries offer 25K basic.

10) Where to start?
For i-banks, here!
For a list of all companies, click here!
Refer to this for Europe's top employess.

Cheers!
Shivam