<p>Pretty much. Average person perspective (not average CC denizen perspective).</p>
<p>"denizen"...... :rolleyes:</p>
<p>Accurate, non?</p>
<p>People talk about Wall Street because they make alot of money - and I have no doubt Duke is in the same range of recruitment as the Ivies...I just don't have any data to back it up, but there isn't any data in the contrary.</p>
<p>All I know is that Duke is very well-respected by Wall Street Journal since it ranks them so high in professoinal school placement, and so obviously companies are aware of another great place to recruit talented undergrads with drive to work in long housed finance jobs. After all, after some searching, I found that finance was the biggest Duke employer. Also, I never drove to Duke but I doubt its significantly father away from NYC than Dartmouth, Chicago, NU, even Harvard where recruitment is high.</p>
<p>Our family friend's son graduated from Duke last year with English major. He had taken a good bit of math courses, too. He got a HUGE job at Citibank as an investment analyst. I think it is a massive salary, something that top MBAs make.</p>
<p>
[quote]
He got a HUGE job at Citibank
[/quote]
</p>
<p>I hope that was Citigroup, not Citibank... unless he's working as a glorified bank teller.</p>
<p>i wonder why my school doesn't establish a undergrad business school or a law school....</p>
<p>the campus is full of doctors and graduate school/future professor wannabes who need to learn how to take a good bath more than how to isolate a gene from a bacteria......</p>
<p>alomst everyone here thinks that they are going to grad school or med school ....except a handful of international studies majors (they are not a big voice on the campus anyway)</p>
<p>it can get really boring here sometimes...</p>
<p>"wonder why my school doesn't establish a undergrad business school"</p>
<p>Because undergrad b. schools are for losers...... :rolleyes:</p>
<p>"I hope that was Citigroup, not Citibank... unless he's working as a glorified bank teller."</p>
<p>-"Citibank is now the consumer and corporate banking arm of financial services giant Citigroup" :rolleyes:</p>
<p>Although I personally don't think BBAs are as intellectually stimulating as traditional undergraduate degrees, one cannot ignore the fact that many top universities, including Boston College, Cal, CMU, Cornell, Emory, Georgetown, MIT, Michigan, NYU, Notre Dame, Penn, UNC, USC, UT-Austin, UVa, Wake Forest, WUSTL and Wisconsin offer Business programs to undergrads.</p>
<p>A college is cool if it can offer economics instead of undergraduate business and be just fine…. :rolleyes:</p>
<p>
[quote]
"Citibank is now the consumer and corporate banking arm of financial services giant Citigroup"
[/quote]
</p>
<p>Yes. That's what I said - but this is not what you are thinking, otherwise you would have just agreed with me... let me explain:</p>
<p>Citibank is Citibank is Citibank -> consumer banking / corporate banking (is just a fancy name for what is more commonly known as "commercial banking" which is not to be confused with investment banking) - Citibank's traditional consumer banking roots trace back to 1812 when it was founded as the City Bank of New York -- ultimately becoming Citibank -> which then created a banking holding company, Citicorp -> which became the bank's sole shareholder - headed by CEO John Reed (one of the best banking CEOs IMO - who also served as Chairman of the New York Stock Exchange) before merging with Travelers Group (see below).... Confused? Wait, there's more...</p>
<p>**Citigroup's Corporate and Investment Bank<a href="not%20to%20be%20confused%20with%20Citibank">/b</a> - which is a horrible name btw - is the successor to the former bulge bracket investment bank, Salomon Brothers, Inc. (the i-bank featured prominently in Liar's Poker).</p>
<p>Now both Citibank (commerical banking) and Citigroup Global Corporate and Investment Bank (investment banking) are affiliates of overall parent company, Citigroup - the financial conglomerate which publicly trades under ticker symbol "C". Confused yet? </p>
<p>The merger history (of the investment banking side) is roughly as follows:</p>
<p>Primerica -> BUYS -> Smith Barney</p>
<p>Primerica (Smith Barney) -> BUYS -> brokerage division of Shearson Lehman Brothers (combines with Smith Barney)</p>
<p>Travelers -> BUYS -> Primerica (Smith Barney)</p>
<p>Travelers (Smith Barney) -> BUYS -> Salomon Brothers, Inc.</p>
<p>Travelers (renames its investment bank unit: Salomon Smith Barney) -> BUYS -> **Citicorp<a href="remember,%20this%20was%20the%20holding%20company%20of%20Citibank">/b</a></p>
<p>Travelers + Citicorp renames itself = **CITIGROUP<a href="a%20huge%20holding%20company%20which%20now%20holds%20a%20number%20wholly%20owned%20subsidiaries%20including:%20%5Bb%5DSalomon%20Smith%20Barney%5B/b%5D%20-%20the%20group's%20investment%20banking%20unit%20and%20%5Bb%5DCitibank%5B/b%5D%20-%20the%20group's%20commercial%20banking%20unit">/b</a></p>
<p>Citigroup renames its investment banking unit, from Salomon Smith Barney -> **Citigroup Corporate and Investment Bank<a href="or%20Citigroup%20CIB%20-%20again,%20terrible%20name">/b</a>:</p>
<p><a href="https://www.citigroupcib.com/%5B/url%5D">https://www.citigroupcib.com/</a></p>
<p>So, as I said before (which was the point of my initial post): </p>
<p>Citibank (commercial banking - you know, bank tellers, ATMs, where Aunt Ginnie deposits here social security checks):
<a href="http://www.citibank.com/us/d.htm%5B/url%5D">http://www.citibank.com/us/d.htm</a></p>
<p>is NOT Citigroup CIB (investment banking)... a common mistake which, I'm sure will be made again...</p>
<p>I worked at Smith Barney over the summer. They spelled my name wrong and never fixed it. Boo. :p</p>
<p>which division? wealth management? brokerage? research?</p>
<p>(which reminds me that i should probably add a footnote above stating that Smith Barney was separated from the main investment bank following a legal settlement with the SEC, NYSE, NASD, Spitzer, et.al...)</p>
<p>Wealth management (in a DC branch to be exact), although my boss specialized in retirement planning and asset management during retirement. Which meant I got to deal with a lot of old people. Some of whom should really check their hearing aids before calling. </p>
<p>Then again, those calls were a nice break from staring at numbers all day, so I guess I shouldn't complain. Plus many of his not-so-old clients were quite well-connected politically and made for good contacts.</p>
<p>the_prestige, I had the impression that Smith Barney is now the name for the equity research division.</p>
<p>Also, I never had the impression that Cornell was anywhere near a top 5 b-school a decade ago because I would have considered applying if it was. I do get the impression that Yale has improved its stature, but thought both schools were considered around equivalent.</p>
<p>While I'm no fan of undergrad business, JHU is going to need a MBA school before it ever will have an undergrad business curriculum.</p>
<p>From what I've seen in my experience in an IB analyst class, two funds and MBA class, I've actually seen Duke more represented than Columbia, at least, on the undergrad level; so I wouldn't be classifying Duke as inferior from what I've seen like others on here are implying.</p>
<p>“Yes. That's what I said - but this is not what you are thinking, otherwise you would have just agreed with me...”</p>
<p>-All I’m thinking is that they are related to the same company. Tell me something. Is Citibank not a part of Citigroup? If you can give me a definitive “yes” then I will agree with you. If not, I was neither confused nor wrong. Can someone be an investment analyst and Citibank? I have no idea, but I do know that the two companies are related.</p>
<p>
[quote]
the_prestige, I had the impression that Smith Barney is now the name for the equity research division.
[/quote]
</p>
<p>yes it is now (along with brokerage and wealth management) - pls see post #835 for a brief blurb about that. </p>
<p>
[quote]
Also, I never had the impression that Cornell was anywhere near a top 5 b-school a decade ago because I would have considered applying if it was. I do get the impression that Yale has improved its stature, but thought both schools were considered around equivalent.
[/quote]
</p>
<p>well, i guess Top 5 may have been pushing it a bit - and it's now more like 15 years ago - but that being said - a quick look at historical rankings shows Cornell ranking at a considerable higher ranking range than it currently ranks... don't have the numbers off - hand, will try to post later...</p>
<p>I also never knew Cornell to be even close to top 5.</p>
<p>
[quote]
Can someone be an investment analyst and Citibank?
[/quote]
Citigroup and Citibank both have bank tellers, because citibank is part of citigroup. But only Citigroup has investment bankers, because the Citibank does not deal with investment banking.</p>
<p>
[quote]
I also never knew Cornell to be even close to top 5.
[/quote]
</p>
<p>Well, it did rank as high as no. 5 in Businessweek in '88, but really its languished in the mid-teens over the last decade or so... what I was referring to was Johnson's reputation more like 15-20 (instead of 10-15 like I previously wrote) when Cornell's MBA program was at least a Top 10 contender (perhaps "arguably a Top 5 program" was a bit generous) - at any rate, the key point is that it's now dropped out of sight and is pretty much a Top 20 school:</p>