From my experience that is factually true (London). I know this for entry level positions and internships (that can often lead to an offer), i.e. candidates wit

From my experience that is factually true (London). I know this for entry level positions and internships (that can often lead to an offer), i.e. candidates with no work experience. I know that this is the case for at least 3 large investment banks. The situation is of course different for boutique firms, I should've said that. Small firms cannot afford training candidates internally, they'll want to have technical knowledge.