<p>MIT (<a href="http://web.mit.edu/career/www/infostats/graduation05.pdf%5B/url%5D">http://web.mit.edu/career/www/infostats/graduation05.pdf</a>) reported the number of their graduates who were hired by Google and Microsoft. I am wondering how many 2005 graduates in Stanford these two companies hired.</p>
<p>If this is intended to be a barometer of success, I protest. Regardless of who would win.</p>
<p>nineteen out of fifteen, eh?</p>
<p>hey, Google was founded by Stanford alumni</p>
<p>i thought that was yahoo^</p>
<p>Maybe Yahoo was too - but Google definitely was. At Admit Weekend, I was at a presentation given by a Stanford alum who worked for Google, and he talked about how the two Google founders were his friends during college.</p>
<p>yeah yahoo was founded by a Stanford alum. Jerry Yang.</p>
<p>Google was founded by both Larry Page and Sergey Brin.
Yahoo was founded by both David Filo and Jerry Yang.</p>
<p>Larry Page, the co-founder of Google, received his undergraduate degree from the University of Michigan; refer to <a href="http://www.engin.umich.edu/alumni/engineer/01SS/profiles.html%5B/url%5D">http://www.engin.umich.edu/alumni/engineer/01SS/profiles.html</a></p>
<p>
[quote]
Following his graduation from high school in 1991, he headed to Ann Arbor to enter U-Ms College of Engineering. While there, he received a number of leadership awards for his efforts to improve the environment for students within CoE. He also served as president of the U-M chapter of Eta Kappa Nu, the national honor society for electrical and computer engineering students.</p>
<p>Page says his undergraduate experience contained critical components for his future success, especially his involvement with the honor society, a course load that included business classes, and a variety of leadership training experiences.</p>
<p>I spent a lot of time in Engineering with the organizations in which I was involved, learning about leadership, Page recalls. In particular, the LeaderShape program was an amazing experience that helped me a lot when we started Google. (LeaderShape is a University-wide student leader development program that originated in the College of Engineering in 1992.)
[/quote]
</p>
<p>There's also an interesting quote in that article about his brother, who also went to the University of Michigan for his undergraduate degree:</p>
<p>
[quote]
Then theres his brother, Carl, also a graduate of Michigan, with a BSE in computer engineering (1986) and an MSE (1988). Hes now traveling the world after selling his own Internet companyeGroups.comto Yahoo! for $400 million.
[/quote]
</p>
<p>Sergey Brin, the other co-founder of Google, received his undergraduate degree from the University of Maryland. Refer to <a href="http://www.cs.umd.edu/alumni/brin.shtml%5B/url%5D">http://www.cs.umd.edu/alumni/brin.shtml</a></p>
<p>
[quote]
Sergey Brin, Co-founder and President of Technology at Google, Inc., received a Bachelor of Science Degree with honors in mathematics and computer science from the University of Maryland at College Park in 1993.
[/quote]
</p>
<p>David Filo, the co-founder of Yahoo, holds more shares in the company than Yang. File received his undergraduate degree from Tulane University. Filo is the more technical of the two; from the founding date, he was granted more shares than Yang in recognition of Filo's greater contributions ( Yahoo's result pages were internally called "Filo Server Pages" before they switched to another technical solution), plus Filo directs the technical operations, and prefers to work in the background, while Yang does the public events stuff. Refer to
<a href="http://www.eng.tulane.edu/news/2004_filo_donation.php:%5B/url%5D">http://www.eng.tulane.edu/news/2004_filo_donation.php:</a></p>
<p>
[quote]
Filo, a native of Moss Bluff, Louisiana, was a scholarship student and a Dean's Honor Scholar while at Tulane. He graduated summa cum laude and was named Tulane's "top graduate" of 1988. He was the 1997 recipient of the Harold A. Levey Award for Early Career Achievement from the School of Engineering and was the 2001 recipient of the School of Engineering's Outstanding Alumnus Award. Last year, Filo was elected to the Tulane School of Engineering Hall of Fame. He credits Tulane for much of his success in his relatively short business career.</p>
<p>"That I was able to get into the position to start Yahoo! was in large part due to Tulane," Filo says. "They gave me a scholarship, without which I probably would never have been able to attend. This gift is my way of contributing to higher education in my home state as well as showing my gratitude for the wonderful education I received at Tulane."
[/quote]
</p>
<p>Please address original question. The question is: how many Stanford students were hired by Microsoft or Google in 2005? Nothing else. A student will invest his or her four years and about $200,000 for higher education. He or she just wants to know a simple fact and makes his or her decision based on the fact.</p>
<p>Page, Brin, Filo and Yang were all grad students at Stanford, as were the founders of Cisco.</p>
<p>I hope someone can provide info about employment of Stanford students in EE and CS after graduaton. It really helps to make a decision.</p>
<p>talk to the ee/cs depts themselves?</p>
<p>I wouldn't be making my decision on statistics that might or might no apply to me.</p>
<p>With that said, you seem like you really want to go to MIT. Go there.</p>
<p>What an odd way to pick a college. </p>
<p>Pick Stanford if it has a few more?
Pick MIT if Stanford has a few less?</p>
<p>
[quote]
Page, Brin, Filo and Yang were all grad students at Stanford
[/quote]
</p>
<p>Yang was both an undergrad and a grad student at Stanford. </p>
<p>
[quote]
What an odd way to pick a college. </p>
<p>Pick Stanford if it has a few more?
Pick MIT if Stanford has a few less?
[/quote]
</p>
<p>I agree with joemama that this is an odd way to pick a college.</p>
<p>And besides, even if we were to evaluate schools this way, shouldn't we be talking about the PERCENTAGE of students who go to a particular employer? One school in the world might just have lots of graduates go to a particular employer just because the school produces lots and lots of graduates period. </p>
<p>Then we also have to talk about those students who got job offers from Google or Microsoft and then turned it down for something else. I know quite a few people from MIT who got offers from either company and turned it down for various reasons. Some of them decided that they'd rather work in management consulting, especially for McKinsey. Others decided that they'd rather go to an investment bank like Goldman Sachs or Morgan Stanley. Still others decided that they'd rather go to graduate school. I know one MIT student who got an offer from Microsoft but decided to stay at MIT to get his PhD. I'm quite sure that this happens to a lot of Stanford students too.</p>
<p>hmm...i was wondering people always speak of consulting and banking in one note (that of describing high paying jobs) and i have seen both jobs start up almost same...and in B-school salary surveys too..both pay equally (actually ihave noticed that consulting pays more in surveyes) so can anyone give me any reason why people always say that banking will get you a lot more money than consulting..i mean the facts say something else...</p>
<p>Because the facts are greatly greatly misleading. The SALARIES of consulting and banking are roughly equivalent. In fact, the salaries of consulting are probably slightly better than the banking salaries. The major difference is that the BONUSES of banking are far far higher. This is particularly so as you get into the upper ranks of banking, where the salary you get as a banker becomes inconsequential because you make almost all of your money off the year-end bonus. </p>
<p>At the upper levels, there is no comparison between the pay packages of banking vs. consulting. For example, a consulting partner, which is the highest level you can attain in consulting, might make 7 figures a year in total pay. But that kind of pay can be surpassed by even a mid-level banker such as a vice president. If you can make MD or partner in a bank, then you are easily pulling in 8 figures, maybe even 9 figures. </p>
<p>The problem with bonuses is that nobody ever really knows what they are going to get. It depends on the general economy, on the value of the deals you have worked on, and a wide variety of other factors. For example, a managing director of a bank might make "only" 600k in salary - but could easily make $25million in bonus. Very very few consultants can ever make that kind of money. In fact, this is why so many consultants eventually jump ship to a normal company - because at the upper management ranks, you can almost always make more money as an upper manager at a normal company than you can as a consultant. For example, Larry Ellison was able to coax Ray Lane into resigning his partnership position at Booz Allen Hamilton and to become President and COO of Oracle in a very simple way - through lots of money, in the form of a big dollop of Oracle stock options. </p>
<p>But hey, don't take my word for it. Read about it yourself, and then you tell me what the facts say.</p>
<p><a href="http://newyorkmetro.com/nymetro/news/bizfinance/biz/features/15197/index3.html%5B/url%5D">http://newyorkmetro.com/nymetro/news/bizfinance/biz/features/15197/index3.html</a>
<a href="http://www.careers-in-business.com/consulting/mcsal.htm%5B/url%5D">http://www.careers-in-business.com/consulting/mcsal.htm</a>
<a href="http://www.careers-in-finance.com/ibsal.htm%5B/url%5D">http://www.careers-in-finance.com/ibsal.htm</a></p>
<p>but sakky i just meant to say that i read the B school surveys at Harvard,Penn and Dartmouth and columbia...and these people like take into account all bonusses too...even then some the highest salaries for consulting was coming out more than banking..but yes i think that the facts are jumbled up or maybe (its obvious) that a banker cant really predict his bonus to the B school at the start of a job and just told them the guaranteed bonus...
So basically the thing is that while a banker can make lot more money than it reported to the B school depending on the bonus, the consultant's salary will stay as it is irrespective of profits....</p>
<p>P.S. Dude does anyone really get a 9 figure salary in banking...thats just too much (i mean in 100's of millions)....Also is it better to take up consulting and move to Corporate Management in order to earn more in the long run or does ibanking even pay higher than that....is it also possible to go into corporate management from Ibanks...</p>
<p>
[quote]
but sakky i just meant to say that i read the B school surveys at Harvard,Penn and Dartmouth and columbia...and these people like take into account all bonusses too...even then some the highest salaries for consulting was coming out more than banking..but yes i think that the facts are jumbled up or maybe (its obvious) that a banker cant really predict his bonus to the B school at the start of a job and just told them the guaranteed bonus...
[/quote]
</p>
<p>No, the surveys are completely completely unclear. In fact, I was just talking to somebody about this at length.</p>
<p>What the surveys measure is the PREDICTABLE parts of your compensation, for example, your signing bonus, your tuition reimbursement, your guaranteed bonus, etc. These are all things that you know for certain you are going to get (as long as you don't get fired or quit in your first year). So, really, this is just "salary" by another name.</p>
<p>However, the point about banking is that much of the compensation is UNpredictable. You just can't be certain about just how much your year-end bonus is going to be. So the surveys tend to not report it at all, or if they do report it, only report the 'gauranteed' part of the bonus (which is akin to salary). </p>
<p>
[quote]
So basically the thing is that while a banker can make lot more money than it reported to the B school depending on the bonus, the consultant's salary will stay as it is irrespective of profits....
[/quote]
</p>
<p>Well, the truth is, this is not an entirely fair statement, because the fact is, if you as a banker or consultant are not pulling in enough profit for the firm, you will be fired. So it's not really that the consulting salary is that much safer. In bad economic times, they are both going to be making zero because they will both be unemployed. The difference is that when the times are good, the banker will be making far more than the consultant will. In other words, the downside for both is the same (in that both will out on the streets), but the upside is clearly better in banking. </p>
<p>During the economic downturn of 2001-2002, thousands and thousands of bankers and consultants got laid off. </p>
<p>
[quote]
P.S. Dude does anyone really get a 9 figure salary in banking...thats just too much (i mean in 100's of millions)....
[/quote]
</p>
<p>Very funny you should ask, because I was just reading Trader Monthly magazine, and they just published their Trader Monthly 100 List of the estimated 100 highest paid bankers/financiers in 2005. #1 on the list was the legendary financier and corporate raider T. Boone Pickens who made at least $1.5 billion last year, and almost certainly more as part of his company BP Capital (an equity firm that he owns). </p>
<p>Then there is Steve Cohen and his eponymous hedge firm SAC Capital Advisors, who made at least a $1 billion, Jim Simons who made about a billion from his hedge fund, Renaissance Technology Ventures, etc. Heck, #10 on this list made an estimated $300-350 million. </p>
<p>Now of course one might say that these aren't "really" bankers, but are really founders and owners of hedge funds and private equity firms and whatnot. That's true. But then the question is, how do you get to be the founder of a highly successful hedge fund or equity firm? The answer for many people is to have a stint as a highly successful banker. That's how you can build your network and build credibility in the industry such that investors will want to put money in your firm. For example, Cohen, after getting his MBA at Wharton, started off as a Wall Street options trader at Gruntal (now part of BankAtlantic Bancorp). </p>
<p>
[quote]
Also is it better to take up consulting and move to Corporate Management in order to earn more in the long run or does ibanking even pay higher than that....is it also possible to go into corporate management from Ibanks...
[/quote]
</p>
<p>There is no doubt that banking (broadly defined) pays far better than even corporate management. When it comes to money, the only thing that can beat banking is pure entrepreneurship, ala Bill Gates style or Brin/Page style. </p>
<p>Is it possible to go into corporate management from banking? Of course. Many do. Obviously most of them go to the corporate finance department. But if you do well there, you can go almost anywhere in the company. The CFO position is often times the 2nd most powerful position in any company. </p>
<p>For example, take Oracle. The co-President and CFO of Oracle is Safra Catz. She was former MD at Credit Suisse. The other co-President of Oracle is Charles Phillips, who was a former MD at Morgan Stanley. </p>
<p><a href="http://www.oracle.com/corporate/pressroom/html/scatz.html%5B/url%5D">http://www.oracle.com/corporate/pressroom/html/scatz.html</a>
<a href="http://www.oracle.com/corporate/pressroom/html/pressportal/exec/cphillips.html%5B/url%5D">http://www.oracle.com/corporate/pressroom/html/pressportal/exec/cphillips.html</a></p>
<p>thanks for the replies...
and very true...seems that the only way to beat a banking salary is entrepreneurship....</p>
<p>hey i saw goldmans site...and there you know Equities,Finance,Investment managment and investment banking are all different fields...so when we discuss all this money are we taking all of banking in general..or is there a specific field which pays more than others....also do people change their fields once in the banking business....
Say for eg, we all know its tough to get into Private Equity and usually they recruit at B-schools so obviously the applicant has had some work experience (obviously in some other field of banking)...so is such a transition wasy for a banker...
I am in doubt whether that info^^ i have is correct..but i just said that because in general i did not see VC's or Private Equities recruit at UG level...</p>