The key to an international career
Dario Luciano Merlo
Who am I?
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Laurea Triennale in Scienze Politiche (economics curriculum)
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Laurea Magistrale in Economics and Political Science
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Research Master in Economics in Belgium through a joint-degree
agreement
In January I will start working at Bloomberg in London
I would like to talk about the last two experiences and answer (as
best as I can) all your questions about your future career or
postgraduate studies
email: [email protected]
Studying abroad
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Almost all over Europe Masters are equivalent to our
Lauree Magistrali
A Master is a positive, but not necessary, step to finding a
graduate job in Economics or Finance
Three main advantages of studying abroad:
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Learning a language
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A different teaching system (more individual work)
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Career services
Why a career abroad?
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London is the European financial hub and many
multinational companies have their EMEA headquarters
there
Competitive graduate salaries (very min. £20k a year +
living in London is not more expensive than living in Milan)
Language advantage: English students often do not know
foreign languages well enough
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Human capital investments
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Diversity policies
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No slavery job contracts
Why not?
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Language disadvantages: Knowing English is not
the same as working in English
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Very competitive job market
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Sometimes very long working hours
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Flexible job market (forget about “contratti a tempo
indeterminato”)
And you also have to leave everything (family,
friends, etc.) behind
Careers abroad
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Future graduates almost all over the world start
applying now for jobs starting in September 2011
Why?
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Companies have from January to June to select
candidates
Graduates can secure a job after their graduation
Excellent graduates will receive several offers and
accept their favourites (optimal jobs allocation)
Where to apply
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Simply go on companies websites and look for the
“careers” section
Or check the following websites:
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www.eurograduates.com (Europe)
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www.careersineurope.hobscons.com (Europe)
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www.graduate-jobs.co.uk (UK)
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www.milkround.com (UK)
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www.targetjobs.co.uk (UK)
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www.gradireland.com (Ireland)
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www.graduate-jobs.com (US)
Some useful information
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Apply early
Most jobs require a 2:1 (about 100/110) as a minimum score to
apply and/or a certain amount of UCAS points (at least 80/100 as
your high school final grade is generally acceptable)
However, every grade is important!
Use British English for applications in the UK and
American English for applications in the US
Do some research on the companies you are applying
for and show what you learned
If you do not have a background in finance, take a
quick look at some slides/books about basics finance
and accounting
Distinguish yourself
Your CV
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Keep it simple
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Avoid using the European CV template
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Make the most out of your work experiences
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Gain some work experience, if you have none!
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Generally show off, but without exaggerations
Your Cover Letter
It should never be too long and consist of three parts:

Why are you applying to this particular job and this
particular company
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Why do you think you would be a good candidate
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What makes yourself better than other candidates
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It is your opportunity to make your application
interesting enough to have an interview
Check the grammar twice, ask your friends to read
your Cover Letter and learn by reading theirs
Job Interviews
Do more research about the company you've applied for.
Every interview is different, but do expect some
common questions:
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Why would like like to work for a specific company (and
not for his competitors)?
Why did you apply for this specific role?
What skills or experiences make you suitable for this
role?
Tricky questions
Expect some tricky questions, there is not a correct
answer, but how you reply tells a lot about you:
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What is your dream job? / Where do you see yourself
in 5 years?
What would you do if after 1 year you understand this
is not the job for you?
Tell me about a financial news that stroke you in the
last two weeks.
How would you improve our products/services?
What would you do if you make a mistake that led one
of our clients to lose millions of pounds/euros?
Which jobs?
Graduates in economics and finance have a wide range
of opportunities, very different between each other:
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Consulting
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Finance and accounting and auditing
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Banks and financial services
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Public policies
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Others
Consulting
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Often interesting and require travelling
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Usually very well paid
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Surely very demanding in terms of efforts and working
hours
Interviews require a careful preparation
Management consulting: McKinsey, Accenture, Deloitte,
Boston Consulting Group, Oliver Wyman, etc.
Economic consulting: London economics, NERA, Frontier
Economics, DotEcon, RBB Economics, etc.
Finance and accounting
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Strongly formative, obtain lifelong qualifications
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Very secure jobs
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Transferable skills and opportunities worldwide
Big 4: KPMG, PriceWaterhouseCoopers, Deloitte, Ernst
& Young
Others: Grant Thornton, PKF, etc.
Banks
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Corporate and branch jobs
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Often require excellent mathematical skills
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A branch job allows to work closer to your family or
friends
A corporate jobs is usually more demanding and
rewarding
-Banks: HSBC, RBS, UniCredit, Intesa San Paolo,
Deutsche Bank, ING, MedioBanca, Commerzbank,
Barclays, Citigroup, Monte dei Paschi di Siena, Banco
Santander, Standard Bank, Bank of China
financial investment and services
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Formative jobs
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Often require excellent mathematical skills
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Extremely rewarding, extremely demanding and
sometimes risky
-Investments: Goldman Sachs, JPMorgan, BoA Merrill
Lynch, Morgan Stanley, Nomura, Wells Fargo,
Macquarie, Lizard, etc.
-Rating companies: S&P, Fitch, Moody's
-Financial services and information: Bloomberg,
Thomson Reuters, FactSect, Capital IQ, SNL financial
etc.
Public Policy careers
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Interesting jobs if you're interested in politics
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Selective and bureaucratic recruitment processes
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Rewarding and not always demanding
www.eurobrussels.com
www.euroeconomistjobs.com
jobs.euractiv.com
Europa.eu/epso
Other opportunities
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No-profit and international cooperation
Opportunities in almost every company, mostly as
analysts and assistants.
If you like technology why not considering:
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Google
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Facebook
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eBay
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Microsoft
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bwin
Good Luck!
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