<p>Hey, I just have a few Q's. Thanks in advance</p>
<p>Now I understand that IB is incredibly difficult to break into -but how difficult is it? This is the time of my life where my parents are nagging me to become a doctor, and I know that doctors have higher beginning wages and financial stability -and you can just go to a states university. But I, like other teens, can not stand the fact that it will take over a decade(I know about the accelerated programs) to become a fully compensated M.D. But I.B. on the other hand is just college and work( I know about the rigor of the work). </p>
<p>So...(Assuming I want to end up on Wall Street)
Specifically, what schools are a good match for IB?
Do i need to attend a top 10 school to even have a chance?
Is it common to get a MBA degree after two years of work?</p>
<p>It is actually pretty rare to get an MBA after the first two years of work. It is usually 2-3 years as an analyst, then 2 years at a private equity fund or hedge fund, and then an MBA.</p>
<p>So for undergraduate, are the Ivies( Ivy levels) a must for job placement? Or can I get by with schools like NYU stern, Georgetown, UVA + hardwork?</p>
<p>Coalman: The only target school for undergraduates IB Analysts position are in the order of preference
MIT/Harvard
U Penn (Wharton)
Princeton/Stanford</p>
<p>If you end up at non target school for undergraduate IB recruitment then it might be advisable to work hard to get into a top 5/7 MBA program than to get into an Investment Bank.</p>
<p>Unless you have a very high level contact you might end up into operation instead of front office and changing after getting in is not easy.</p>
<p>POIH does not work in IB, nor has any kid work in IB, I am not even sure if he knows anyone who works in IB. MIT is not a better target school compared to Wharton, or any other Ivies. </p>
<p>UG schools matter, and then it’s your GPA. Top tier firms want students with with min 3.5 GPA, lower tier firms like Citi will go down to 3.25. Relevant internship helps when it comes to junior year internship, which then leads to full time job. Top MBA schools do not take students right out of UG. Some IBs (especially S&T) do not require analysts to get MBA after 2 years.</p>
<p>Good grades, internship will get you interviews, but the most difficult part is the interview. According to my daughter, they asked a lot of brain teasers (not something to study for). For each position she met 3-6 interviewers, and they all had their own style. One interviewer from GS ask her a probability question because she was a math major. She gave her answer and he said it was wrong. She asked him to walk her through the problem. She turned out to be correct. Not sure if he really didn’t know the answer or he wanted to see if she would challenge him.</p>
<p>In my daughter analyst class, she sees kids from NU, Harvard, Princeton, Cornell (where she is), Wharton, NYU, Haverford, Georgetown…</p>
<p>If you are from a target school, you do not need a lot of contact. You just need to have a good resume (good work experience, GPA). If you are not from a target school, you would need someone to push your resume in order to get an interview. CS didn’t interview at Cornell her year, our friend had to put it in front of the recruiting committee. She got the interview, but the rest was up to her.</p>
<p>POIH…when did you switch your career to IB? You seem to have become an expert in this area…when clearly it is NOT the area in which you are employed. Please be honest with folks here…just let them know these are your OPINIONS and are not based on IB being your lifelong career.</p>
<p>There are no MIT students interning at the bank I will be working at this summer (think Lazard/Evercore/Moelis, etc.), and I know there are no MIT students interning in IBD at a couple BB’s this summer. It is a great school, but not so much for traditional investment banking.</p>
<p>POIH is an expert on ■■■■■■■■ about how invincible he thinks MIT is. </p>
<p>NYU, Georgetown, UVA all get IBs at their school. If you think about there are about 20-25 schools that BBs recruit at. Its not just the top ten.</p>
<p>POIH list of the only top target schools is simply false. </p>
<p>My D1, a May grad working at a BB in IBD is not from one of the schools mentioned. Her MD is also not a grad of one of the schools mentioned. Nor are either of her apartment mates working in IB at top BB’s.</p>
<p>From what I can determine (A business school prof but have never worked in IB. But I do have a D who does.) these are the most important steps leading to a job.</p>
<p>–UG school
–GPA–maybe major/minor
–Interview
–Networking
–You are given a job and a sign on bonus!!</p>
<p>Please support your arguments with some logic or data. MIT is the top I-Banks favourite and here are the reason for it:</p>
<ol>
<li>It has the top Undergraduate Buisness program.</li>
<li>It has the top Economics program.</li>
<li>It has the top core curriculumn based on quantitative analysis.</li>
<li>It is the top undergraduate program.</li>
<li>Top I-Banks recruite there.</li>
<li>Top I-Banks pay top salary to its undergraduates more than any other college undergraduates.</li>
</ol>
<p>Please support your points with relevant data points. Don’t just say since I’m not I-Banker then I don’t know anything about it. I don’t work in many field but do have fair knowledge.</p>
<p>All aspiring I-Banking candidates should do the homewrok to find out the best I-Banking undergraduate college and don’t go by the artificial hype created by few handful of people.</p>
<p>MIT is the best undergraduate institute for aspiring I-Banking candidates.</p>
<p>I’m not deceptive in my posting. I don’t claim to be an I-Banker. I only post about facts which are documented. I’m just encouraging aspiring I-Banking students to get the real picture by going through the documented facts.</p>
<p>Sorry but personally I would rather get advice from someone inside the IB world, not someone who is merely providing factoids that may or may not relate to what is really happening.</p>
<p>I’m not sure why do you think that way. You need to look at the MIT program and it’s results before you talk this way. It not only have the best undergraduate program for I-Banking but also get results by getting it’s students find high paying jobs at top I-Banks.</p>
<p>What other signs of top I-Banking program do you need. No one has provided similar information from any other schools except Wharton.</p>
<p>thumper1: Maybe you are comfortable with a narrow view of an insider I-Banker but not everyone might be like you. Having the information out there for future perspective I-Banking candidates should not hurt.</p>
<p>It’s like saying go to Ivies for EECS over UCB. You need to analyze the program. If the top undergraduate Business program along with top undergraduate Economics program along with top undergraduate program collectively not provide a top I-Banking program then what does provide a top I-Banking program (Ivy League sports association I think).</p>
<p>I think cbreeze has given you many data, so have I, and a lot of other knowledgeable posters. We can’t help it if you won’t listen, or have the ability to accept concept that’s different than yours. By you repeating
doesn’t make it so. Most students do not go to MIT for IB. If your daughter really wants to go into IB, I am sure she will have a good shot. But you are doing a disservice to all students by providing false information on this forum. </p>
<p>I have no knowledge on how to get a job at Google or Yahoo, and I certainly wouldn’t offer any advice on that topic. I know what I don’t know.</p>
<p>oldfort: Other than Wharton no other college actually provide the similar advantage that MIT provide to its students with regards to I-Banking career.</p>
<p>I’m not sure why don’t I speak of this. I was also not aware of it while DD was in high school. I got this information only after I started attending MIT sessions. I started getting more and more information regarding there program through MIT parent alumni and just trying to pass the information to prospective I-Banking students.</p>
<p>There is real value to MIT undergraduate program when it comes to I-Banking and it also shows results which are better than most colleges you and cbreeze has pointed too.</p>
<p>Banks like the minds of math majors and physics majors. That has been talked about for a very long time. But it doenst mean that a school that happens to have a lot of math/physics/engineering students is the best school for a student interested in banking. Again, repeating that opinion over and over and over simply doesnt make it so, nor does extrapolating from a handful of students to a large number of students.</p>