Edward works for the Financial Institutions Group, Debt Capital Markets at BNP Paribas and raises financing for European banks and insurance. While his degree subject and his flourishing career seem worlds apart, Edward is in no doubt that his degree course at Royal Holloway gave the perfect grounding for his career. He is a marketer/analyst in the Debt Capital Markets, dealing with the new issuance of bonds. A bond is a glorified 'IOU', essentially lending a sum of money for a fixed period of time at a fixed interest rate. His company recently issued the largest ever corporate bond deal for France Telecom for $16bn. To price the deal at a level that is attractive for both the issuer and investors (but beats off competition from other banks), it is necessary to research and analyse a number of factors, including the market, the company and the investor sentiment towards the issuer. Innovative financing structures can also be needed. In 2012, Edward was named one of Financial News' 40 Under 40 Rising Stars in investment banking. He also owns ex-British Rail diesel trains and hopes to develop a freight business when he retires!
What Edward says:
"To be able to undertake my duties effectively I rely predominately on research and analytical skills in addition to marketing and selling skills. I also need considerable IT capabilities. Geography, by combining both qualitative and quantitative approaches to analysis, and with an emphasis on research through the dissertation, provides a unique basis for a career in this field. Seminars and tutorials provides an opportunity to develop presentation skills and Royal Holloway's research-based approach to teaching fosters innovation."
“The job market for new graduates is somewhat constrained at the moment and many of the big banks are starting to lay off staff or have frozen new intakes due to the fall in the stock markets and the consequent lack of new flotations. However some banks are still recruiting and the pay remains very competitive. Make yourself stand out by playing up any involvement in competitive sports - employers in the city are also keen on this. Also be aware that while a career in investment banking can be quite glamorous with lots of opportunities to travel and sometimes outrageous remuneration, the down side is very long hours and some tricky colleagues."
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