Jessica Booker
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Graduate Recruitment
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- Aug 1, 2019
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Hi @Jessica Booker, I was wondering where can one find the challenges faced by a specific firm? I know there are general challenges such as ABS, 'more-for-less' challenge, etc.
However, I'm worried that such challenges may not be very firm-specific and can appear quite cliche in an application. I've tried gleaning articles on the firm, but there isn't much content on firm-specific challenges either.
ABS is a bit old school - people were saying that would be a challenge in 2008 and yet 12 years later plenty of firms are still thriving despite it (some less so).
Unfortunately I wouldn’t know of dedicated resources. If they do one, check the firm’s full annual report (marketing version rather than detail on companies house).
I'd think carefully about the firm’s client base. Are they more public sector focused/are they more Investment Bank focused? I'd also think about geographical reach - will that present more challenges? How diverse is their practice areas/are they more focused on certain departments - does that leave them open to risks?
I don't know much about commercial awareness but I would have thought firms with focuses on airlines/airports, oil industry and real estate are probably struggling on some of the big ticket work more so than those who specialise in other sectors.