Department
Economics Careers Skills Certificate: Session 1
Date: October 2013
Ed McLean, Careers Consultant
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Department
What should you be doing this year?
First years: Gain experience
Get involved – societies, clubs, part time jobs, work experience
Second years: Secure a summer internship
Third years: Secure a graduate job/scheme
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Something you all need to do
Think about possible roles
Get a great CV
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What happens when
Autumn Summer Spring
Some internship schemes close
Some graduate schemes close
Interviews
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Think about your preferences…Exercise
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Think about your preferences… Exercise: 10 minutes
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Understand what’s out there: Prospects.ac.uk
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Understand what’s out there: Prospects.ac.uk
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Search for “Prospects Planner”
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Careerplayer.com
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Get inspired! RHUL Careers website
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Get inspired: What London Graduates Do
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Careers in Investment Banking Private Equity Venture Capital Accounting Management Consulting Corporate Law Regulation & Compliance
View the list of Finance Week events:
21 – 25 Oct
Brought to you by the Careers Service
Find out more
rhul.ac.uk/careers
In partnership with Investment & Finance
Society and
The Law Society
FINANCE WEEK Experts and alumni
share how to:
Get informed Get ahead Get hired
21 – 25 Oct
Department
View the list of Finance Week events:
21 – 25 Oct
Brought to you by the Careers Service
Find out more
rhul.ac.uk/careers
FINANCE WEEK Finance Careers:
The Beginner’s Guide When: 13:00-14:00 Where: the Careers Centre (Horton Building)
Monday 21st Oct
Department
View the list of Finance Week events:
21 – 25 Oct
Brought to you by the Careers Service
Find out more
rhul.ac.uk/careers
FINANCE WEEK Succeeding in Finance As an ethnic minority professional When: 17:00-18:00 Where: 1-03 Windsor building
Monday 21st Oct
Department
View the list of Finance Week events:
21 – 25 Oct
Brought to you by the Careers Service
Find out more
rhul.ac.uk/careers
FINANCE WEEK Regulation and Compliance:
Alumni Interview When: 18:00-19:00 Where: 1-03 Windsor Building
Monday 21st Oct
Barclays
Department
Private Equity, Venture Capital and Alternative Investment
Alumni Panel
When: 13:00-14:30 Where: TBA
View the list of Finance Week events:
21 – 25 Oct
Brought to you by the Careers Service
Find out more
rhul.ac.uk/careers
In partnership with the Investment & Finance Society
FINANCE WEEK
Tuesday 22nd Oct NBGI Ventures 3i Cavendish Corporate Finance LLP
Department
View the list of Finance Week events:
21 – 25 Oct
Brought to you by the Careers Service
Find out more
rhul.ac.uk/careers
FINANCE WEEK Investment Banking
Alumni Panel
When: 17:00-19:00 Where: Founders Lecture
Theatre
Tuesday 22nd Oct
In partnership with the Investment & Finance Society
Deutsche Bank Citi JP Morgan
Department
View the list of Finance Week events:
21 – 25 Oct
Brought to you by the Careers Service
Find out more
rhul.ac.uk/careers
FINANCE WEEK Finance Application Forms
Workshop
When: 13:00-14:00 Where: the Careers Centre (Horton Building)
Wednesday 23rd Oct
Department
View the list of Finance Week events:
21 – 25 Oct
Brought to you by the Careers Service
Find out more
rhul.ac.uk/careers
FINANCE WEEK Risk and Insurance
Alumni Panel
When: 18:00-19:30 Where: TBA
Wednesday 23rd Oct
Department
View the list of Finance Week events:
21 – 25 Oct
Brought to you by the Careers Service
Find out more
rhul.ac.uk/careers
FINANCE WEEK Finance CV
Workshop
When: 13:00-14:00 Where: the Careers Centre
(Horton Building)
Thursday 24thOct
Department
Accounting Qualifications Briefing
When: 17:00-19:00 Where: MX001 (Moore Annexe)
View the list of Finance Week events:
21 – 25 Oct
Brought to you by the Careers Service
Find out more
rhul.ac.uk/careers
FINANCE WEEK
Thursday 24th Oct ICAEW CPA Australia CIPFA CIMA
Department
Management Consulting
Alumni Panel
When: 18:00-19:30 Where: MBLT (Management Building)
View the list of Finance Week events:
21 – 25 Oct
Brought to you by the Careers Service
Find out more
rhul.ac.uk/careers
FINANCE WEEK
Thursday 24th Oct
Deloitte Ernst & Young PA Consulting
Department
View the list of Finance Week events:
21 – 25 Oct
Brought to you by the Careers Service
Find out more
rhul.ac.uk/careers
In partnership with The Law Society
FINANCE WEEK Corporate Law Briefing
When: 13:00-14:00 Where: TBA
Friday 25th Oct
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CV Quiz
How long should a standard UK CV be? Are there any exceptions?
Name 3 section headings that you might use in your CV
How long does an average employer spend looking at your CV and
deciding whether to read through it?
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Aims of a CV
To get you an interview!
To show you have the relevant skills, qualities and experience for the post
A targeted marketing pitch, NOT a generic blow-by-blow account of your
entire life history
BUT, CVs are subjective... there is no such thing as a perfect CV!
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Spot it in the Video!
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Answers
“More like a movie trailer than (a boring catalogue)”
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Answers
“If you are going to spend time on anything, getting your first job is surely one of those things (you shouldn’t mind investing your time, really)”
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Answers
“If you are going to spend time on anything, getting your first job is surely one of those things (you shouldn’t mind investing your time, really)”
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Answers
“…you don’t have a generic CV for each one, you need to (adapt your CV for each one)”
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Answers
“…you must be able to demonstrate why it is that you… (want to work for that particular company)”
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Answers
“I would expect a candidate to know about the (company and the industry) and have a certain amount of confidence….”
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Answers
“…all this information’s out there, and if it’s not out there you can… (always pick a phone up and, y’know, ask a receptionist and ask around)) …you can find these things out”
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Answers
“What I don’t like doing is… (looking for information on a CV)”
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Answers
“Where you put your information is crucial. So you want to make sure that the… (strong points of your CV come early on)… probably in the top quarter of the first page”
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Answers
“The biggest turn off for me as a CV screener is… (grammatical errors and poor layout of CVs.) They must be very, very clear in order for you to get your message across.
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Answers
“People are not spending the time looking at what they are actually putting down on their application form. They are not looking at the (…skills we have required). They are not checking their applications for….
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Answers
“People are not spending the time looking at what they are actually putting down on their application form. They are not looking at the (…skills we have required). They are not checking their applications for….
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Answers
“If you haven’t got interesting or relevant experiences yet then…. (you need to get some)”
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Department Analyst: Bank of America
• Strong A-level grades and on track for a minimum 2:1 degree (or equivalent)
• Fluency in English is essential
• A second European language may also be required for some roles
• A keen interest in markets and macro economics
• Capability in quantitative analysis
• Evidence of
• Drive and innovation
• Team work
• Leadership
• Creativity
• Problem solving skills
• Ability to interact with a variety of people
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How they assess you
Analyst
Criteria You Applicant 79 Applicant 80 Applicant 81 Applicant 82
Strong A-level grades and on track for a minimum 2:1 degree (or equivalent)
Fluency in English
Second European language
Keen interest in markets and macro economics
Quantitative analysis
Drive and innovation
Team work
Leadership
Creativity
Problem solving skills
People skills
Score
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Education – you can make it hard for the recruiter
Education
BSc Economics, Royal Holloway University of London 2012 - present
Including modules: Principles of Economics, Quantitative Methods I, Economics Workshop, Microeconomics, Macroeconomics, Quantitative Methods II
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Education – or you can make it easy for them
Education
BSc Economics, Royal Holloway University of London 2012 - present
Relevant modules include:
• Quantitative Methods I & Quantitative Methods I I
• Macroeconomics
Skills gained include:
- Leadership: As student representative, represented key issues affecting students on the staff/ student committee of 8 people. Achievements include the negotiation of a complete overhauling of class timetabling.
- Team-work: Worked in project teams of 5 people over 4 months, developing a complex presentation. Each member assigned roles, with myself as team leader.
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Work experience – reflect skills not duties
Work experience
Kenton Clark Shoes, London
Summer job in local shoe shop
• Made sure stock levels of shoes were maintained
• Helped customer find suitable styles
• Locked up at end of day
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Work experience – duties provide evidence for skills
Work experience
Kenton Clark Shoes, London
Retail assistant
Skills gained included:
Drive : Regularly hit shop targets by working 6 day weeks in 8-
hour shifts with minimal breaks
Innovation: Created a spreadsheet that allowed managers to
analyse daily sales figures
Teamwork: Worked with staff of four, taking instructions from
senior manager and training junior assistants
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Exercise (10 mins): From ANY PART of your experience or education, write THREE of these
Work experience
Kenton Clark Shoes, London
Retail assistant
Skills gained included:
Drive : Regularly hit shop targets by
working 6 day weeks in 8-hour shifts
with minimal breaks
Innovation: Created a spreadsheet
that allowed managers to analyse
daily sales figures
Teamwork: Worked with staff of four,
taking instructions from senior
manager and training junior
assistants
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Now swop
Swop what you have written with a friend.
What do you think?
• Is there detail? Numbers, names, what they actually did, what they achieved, etc?
• Is there evidence for what they claim? Actual examples? Something substantial?
• Written too much? Too little?
• Any other comments?
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Power Words - use these active verbs to communicate your skills and achievements positively and powerfully
Achieved
Analysed
Built
Communicated
Collaborated
Composed
Coordinated
Established
Experienced
Persuaded
Initiated
Implemented
Led
Managed
Motivated
Negotiated
Participated
Researched
Responsible
Strengthened
Presented
Created
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Power words in context
HR Analyst - Goldman Sachs, London
- Persuaded... - Researched... - Negotiated... - Managed... - Presented... - Initiated... - Created...
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Interests
Interests
Unicycling: Unicycling with 12 other around Britain’s historical sites (12 so far this year)
Financial news: Regularly read the Economist and the Financial Times. Member of the Finance & Investment Society.
Sports: Member of Egham cricket club
Department
View the list of Finance Week events:
21 – 25 Oct
Brought to you by the Careers Service
Find out more
rhul.ac.uk/careers
FINANCE WEEK Finance Application Forms
Workshop
When: 13:00-14:00 Where: the Careers Centre (Horton Building)
Wednesday 23rd Oct
Department
View the list of Finance Week events:
21 – 25 Oct
Brought to you by the Careers Service
Find out more
rhul.ac.uk/careers
FINANCE WEEK Finance CV
Workshop
When: 13:00-14:00 Where: the Careers Centre
(Horton Building)
Thursday 24thOct
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Psychometric tests: What are they?
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Careers
Psycho = mind
Metric = measurement
A standard way to measure an aspect of mental performance
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Psychometric Tests
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Careers
% eliminated at each stage
Application On-line Tests
Telephone Interview Assessment Centre
Source: Anonymous graduate recruiter
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Two main types
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Ability/aptitude
Numerical
Verbal
Diagrammatic
Have right/wrong answers
Personality
Trait/type
Interests
Result in a personality profile
Used differently - may
help inform the interview
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Verbal reasoning
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Careers
• Which word means the opposite?
1. Respect a) Admire b) Despise c) Exalt
2. Arrest a) Impede b) Hinder c) Check d) Accelerate
3. Unfaltering a) Courageous b) Irresolute c) Inflexible d) Adamant
4. Replenish a) Restock b) Stock c) Exhaust d) Provide
5. Answer a) Echo b) Reply c) Question d) Respond
Source: The Ultimate Psychometric Test Book (available at the careers service)
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Verbal reasoning
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Careers
Each of the following sentences has two words which should change places with each other in order to make sense. Underline BOTH of these words in each case. Here is an
example: She put a head on her hat.
1. The quietly moved burglar through the house.
2. Before Paul went to teeth he cleaned his bed.
3. Can this jump over you wall?
4. It an is offence to stop your car on a motorway.
5. If you buy enough money you can have it.
6. I like in drink lemonade to the summer.
7. Too neighbours complained when we made our much noise.
8. Please door you close the will.
Source: http://www.athey-educational.co.uk/noaccess/verbalx.htm
Examples: Verbal
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Verbal reasoning
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Careers
Traditionally medicine was the science of curing illness with treatments. For thousands of years people would have used plants and would have turned to priests for cures. In more recent times illness has been attributed less to the intervention of gods or magic and instead to natural causes. Medicine today is as much concerned with prevention as cure. Doctors use treatments of many types, including radiation and vaccination, both of which were unknown until very recent times. Other treatments have been known about and practised for centuries. Muslim doctors were skilled surgeons and treated pain with opium. The Europeans adopted many of these treatments and some are still effective and in use today.
Q1. Modern medicine is the science of curing illness (True, false, cannot say)
FALSE: This was true, but today it is also concerned with prevention
Q2. Medicine is a science that owes its success to modern treatments (True, false, cannot say)
TRUE: This is true because the article describes the legacy of treatments pioneered centuries ago
Source: The Ultimate Psychometric Test Book (available at the careers service)
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Numerical
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Careers
4 8 16 ? 64 128 32
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Numerical
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Careers
Five shops averaged
the following monthly
sales of items of
furniture over five months
Which 2 shops sold the same total number of items?
A and D
A B C D E
18 20 24 17 21
72 86 96 72 92
19 23 21 20 14
32 41 45 28 39
23 28 26 27 15
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Diagrammatic Reasoning
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Careers
Not quite as common as verbal/numerical
Tests of logical reasoning ability:
abstract shapes
symbols
diagrams
Practise mathematical puzzles, puzzles with diagrams, word games
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Diagrammatic Reasoning
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Source: The Ultimate Psychometric Test Book (available at the careers service)
C
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Where to find jobs
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Where to find internships and work experience
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Wrapping up: What should you be doing this year?
First years: Gain experience
Get involved – societies, clubs, part time jobs, work experience
Second years: Secure a summer internship
Third years: Secure a graduate job/scheme
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Next session
Interviews and assessment centres
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