Career Advice - Convert to law /try get something now
Career Advice - Convert to law /try get something now
Author
Discussion

Diablo SVTT

Original Poster:

285 posts

232 months

Monday 29th September 2008
quotequote all
I love the credit crunch.

I graduated this year from UCL, got a 2:1, decent A levels etc, so I'm able to apply for most jobs on the market. My first choice of industry was banking, though I have no experience in it (and didn't study Economics etc) it doesn't hinder my understanding. However as you're all aware, the market is, well, sh*t.

I'm also looking at the Big Four, at positions like Corporate Finance or Consulting, and while these seem like very attractive jobs, I'm still not sure what do to.

I've got 3 things working against me:

1. no actual experience in banking (internship etc), despite reaching final rounds of interview processes, this doesn't count for anything.
2. I studied Classics, not exactly a typical subject and whether I like it or not, it hinders my chance of even getting an interview at a bank because they doubt my ability to adapt.
3. lack of jobs - some banks aren't even offering graduate positions for sales/trading etc.

I always had my heart set on a financial based job, but I've started to have a change of heart. The option to do a law conversion course was always there, but I honestly never thought about it.

2 things to my disadvantage:
1) 2 years more studying (GDL + LPC)
2) No legal experience - would this affect my chances at getting a good Training Contract with magic circle firms and the like?

I consider this option equal to the banking one, but I was hoping that some of you good folk could at least help me into decided what to stick with. I'm aware that a fair few city people lurk on the forum so your input would be most appreciated.

If anyone would prefer to provide any advice with PM, I assure you of my confidentiality.

crackthatoff

3,314 posts

243 months

Monday 29th September 2008
quotequote all
good luck with that

Gargamel

16,389 posts

291 months

Monday 29th September 2008
quotequote all
Diablo

Big four will have a number of decent posts, the advantage if you can get trained now is that in three years time your generation will be in high demand and short supply. I have seen it time and again.

Not really up to speed on banking graduate recruitment, but I wouldn't despair just yet.

I think I would take a year off and travel rather than take up the Law.

Fittster

20,120 posts

243 months

Monday 29th September 2008
quotequote all
My sister graduated last year with a 2:1 from UCL and is now a receptionist, so it could be worse.

The Black Duke

1,642 posts

223 months

Monday 29th September 2008
quotequote all
Diablo SVTT said:
I love the credit crunch.

I graduated this year from UCL, got a 2:1, decent A levels etc, so I'm able to apply for most jobs on the market. My first choice of industry was banking, though I have no experience in it (and didn't study Economics etc) it doesn't hinder my understanding. However as you're all aware, the market is, well, sh*t.

I'm also looking at the Big Four, at positions like Corporate Finance or Consulting, and while these seem like very attractive jobs, I'm still not sure what do to.

I've got 3 things working against me:

1. no actual experience in banking (internship etc), despite reaching final rounds of interview processes, this doesn't count for anything.
2. I studied Classics, not exactly a typical subject and whether I like it or not, it hinders my chance of even getting an interview at a bank because they doubt my ability to adapt.
3. lack of jobs - some banks aren't even offering graduate positions for sales/trading etc.

I always had my heart set on a financial based job, but I've started to have a change of heart. The option to do a law conversion course was always there, but I honestly never thought about it.

2 things to my disadvantage:
1) 2 years more studying (GDL + LPC)
2) No legal experience - would this affect my chances at getting a good Training Contract with magic circle firms and the like?

I consider this option equal to the banking one, but I was hoping that some of you good folk could at least help me into decided what to stick with. I'm aware that a fair few city people lurk on the forum so your input would be most appreciated.

If anyone would prefer to provide any advice with PM, I assure you of my confidentiality.
Hi there.
If you go down the law route then you should not be at a disadvantage after you have done the GDL and LPC. Studying law is fantastic but the TC market is very, very competative. If you go down the law route, I would make sure you study hard and get the best possible results. You should be okay with a 2:1 although this is usually the minimum entry requirement in the city.

Diablo SVTT

Original Poster:

285 posts

232 months

Monday 29th September 2008
quotequote all
Gargamel said:
Diablo

Big four will have a number of decent posts, the advantage if you can get trained now is that in three years time your generation will be in high demand and short supply. I have seen it time and again.
Could you substantiate that a little further?



Diablo SVTT

Original Poster:

285 posts

232 months

Monday 29th September 2008
quotequote all
The Black Duke said:
Hi there.
If you go down the law route then you should not be at a disadvantage after you have done the GDL and LPC. Studying law is fantastic but the TC market is very, very competative. If you go down the law route, I would make sure you study hard and get the best possible results. You should be okay with a 2:1 although this is usually the minimum entry requirement in the city.
It appears to me that a lot more people try get into banking than law, so whilst they are both very competitive, is it wrong to think that law is ever so slightly less so competitive?



The Black Duke

1,642 posts

223 months

Monday 29th September 2008
quotequote all
Diablo SVTT said:
The Black Duke said:
Hi there.
If you go down the law route then you should not be at a disadvantage after you have done the GDL and LPC. Studying law is fantastic but the TC market is very, very competative. If you go down the law route, I would make sure you study hard and get the best possible results. You should be okay with a 2:1 although this is usually the minimum entry requirement in the city.
It appears to me that a lot more people try get into banking than law, so whilst they are both very competitive, is it wrong to think that law is ever so slightly less so competitive?
Yes you would be very wrong thinking that. Especially if you want to work for any of the magic circle firms.

Zod

35,295 posts

288 months

Monday 29th September 2008
quotequote all
Law is massively competitive. We get thousands of applications for 100 places each year. That said, if you are good and interesting then you stand a decent chance of picking up a TC at a major firm.

Diablo SVTT

Original Poster:

285 posts

232 months

Monday 29th September 2008
quotequote all
Fair enough, didn't really know, hence why I asked.

Diablo SVTT

Original Poster:

285 posts

232 months

Monday 29th September 2008
quotequote all
anonymous said:
[redacted]
I'm thinking corporate or banking. I agree about your last statement, I know of somewhere I could get some minor legal experience to back up my change of mind, but to be frank I'd be leaving that explanation down to my performance in exams/interviews. I was calling up BPP law school & College of Law today to inquire about places on the course and they said they get quite a lot of late applications, so whilst it's not the best situation, it could be worse.

Diablo SVTT

Original Poster:

285 posts

232 months

Tuesday 30th September 2008
quotequote all
To those who PM'd me, please check your junk mail incase my replies have found their way there.

Swillsy

181 posts

217 months

Tuesday 30th September 2008
quotequote all
law is very extremely hard to get into nowadays
last year law was the 2nd most popular course at uni.

You can get on the LPC course no problem however the training contract at the end is where your'l struggle.

gd luck with whatever you do! make sure you enjoy it! and btw banks are still recruiting graduates alot look at their websitessmile