<p>POIH, you are just denying the truth. I have never heard of any bank that pays students differently based on their school. You are lying and misleading high school students. Shame on you.</p>
<p>Also, I know for a fact there are no MIT students at several major banks. Most banks send out a list to their interns with every interns name, contact info, and school so they can get to know each other. My bank has 0 MIT students, and a couple of my friends interning at BB’s have sent me their lists and they have 0 MIT students in their intern class too!</p>
<p>Stop trying to spam for MIT; you are misleading people.</p>
<p>I’m not sure why would I lie. I’ve never heard of any I-Banking institute that give same salaries to all hire. You must be living a world of your own to believe that.</p>
<p>So what are your credentials and how come your point of view has more credibility that my point of view. In my case I’ve logic and data on my side against your point of view which is based on a false profile.</p>
<p>
</p>
<p>Misleading based on what? Cornell is a better I-Banking institute than MIT.</p>
<p>As listed before reiterating that MIT is
a top math/physics/engineering school.
a top undergraduate business school.
a top economics school.
has the best core curriculumn.
Top I-Banks recruit regularly.
Top I-Banks pay top salaries to the students.</p>
<p>and I’m spaming… Wow! what a crowd we have on CC?</p>
<p>My credentials are that I have a job in investment banking lined up for the summer and that the bank itself sent me a list of the interns. My friends will also be interning at other banks this summer and have had their intern class list sent to them as well. Banks are not going to lie to their interns, and there is no conspiracy to hide MIT students, there just are no MIT students at these banks.</p>
<p>No, not at all. The IB’s use certain undergrad institutions as screening mechanisms because they, like every other employer, can’t recruit everywhere. So fine, they have a list of 15 - 20 target schools they recruit at. Within that, however, if they hire for the same job, they pay the same thing to each member of the entering class. What’s so difficult to believe about that?</p>
<p>^^^: duke4lyfe; Do you want me to create a new login and post that I’ve a job in investment bank and the bank give preference to MIT student? Will that give my post any more weightage?</p>
<p>No, because that is not a data point. A data point is what I posted. The 6 characteristics which are important to understand for any aspiring I-Banking candidate.</p>
<p>You need to come up with logic first that will force an Investment Bank to not go to MIT to recruit and pay top salaries.</p>
<p>It’s not all that simple. Even while hiring from same institute to do the same job the candidates ability to negotiate makes the difference. Once your children will start preparing for interview, you might be able to talk to them about negotiating salaries. It’s a big part of training provided by the career office.
The salary of two student from each school is not same so there is no reason for me to believe that salaries will be same from college to college.</p>
<p>POIH, I don’t think you understand the concept of using undergrad as a screening mechanism. The IB’s aren’t making any kind of grand statement about the quality of education at various schools if they don’t recruit there, or recruit less there. It’s just that they need to cut the pie somewhere because they can only physically recruit at X number of places. I think you think that IB recruiting = “these IB’s think these schools are the very bestest schools.” No - it just means that these IB’s think these schools are good sources of highly qualified students, but doesn’t mean those are the only schools in the world that do so. Caltech is excellent but it’s not an IB target school. So? Doesn’t reflect poorly on Caltech. Why are you so desperate to paint MIT as always-the-best-in-everything? Can’t it just be top notch - and there are other top notch places too?</p>
<p>My incoming Wellesley D will have the chance to take classes at MIT as part of their consortium - and as she is a STEM major, she may very well do so. Is the attitude that MIT is the bestest in everything bar none an attitude that she’ll encounter there? I hope not.</p>
<p>“It’s not all that simple. Even while hiring from same institute to do the same job the candidates ability to negotiate makes the difference. Once your children will start preparing for interview, you might be able to talk to them about negotiating salaries. It’s a big part of training provided by the career office.”</p>
<p>Oldfort has been in the IB business for 20+ years, she’s at a senior level, she’s recruited extensively for all different levels and positions in IB. You, otoh, have no IB experience whatsoever. Why should I trust your opinion over hers?</p>
<p>I didn’t tell you to trust my opinion. I just posted MIT career office survey and the article on Analysts salaries which show a range of $90K to $150K.</p>
<p>And I do NOT trust your OPINION…which is what this all is. If you had experience from the inside of the IB business, you would have far more credibility. You are posting facts that you can’t back up with personal experience.</p>
<p>You know…MIT is a great school…let’s leave it at that. If you want to believe that it’s tops in IB…go right ahead. BUT don’t mislead others into thinking that if they don’t go to MIT for IB they are doomed to a lowly position at some secondary bank with a low salary. That’s your implication and it’s insulting and inaccurate.</p>
<p>Is your daughter thinking of switching her major to IB? Is that why you are bragging about how wonderful the IB program is at MIT?</p>
<p>POIH - you do understand a survery is just that, right? It is not verified by anyone. A student who is taking the survey, can put down any number they want, and career center is not obligated to verify those numbers.</p>
<p>duke4lyfe is going to intern this summer at an IB, he has given you his first hand information about his firm’s list and his friend’s firm’s list, I think that is very credible. You are basing all of your data on each school’s survey, that information will never be as accurate as first hand information. You, as an engineer, should know that.</p>
<p>That doesn’t prove your assertion that the same IB pays a different salary for the same job to entering students from MIT than to entering students from another college. Where is your proof that any IB differentiates the starting salaries in its class for the same job based on where the student comes from?</p>
<p>Holy cow! You are using <em>my link from post #50</em> to try to prove your point, POIH? Too funny. You keep beating the same tired ol’ drum with the same tired ol’ lines. Until you provide <em>specific information</em> as to what measures the MIT career development office is using in their reported salary ranges, and can get them to explain the outlier scores, your argument is baseless. We know you aren’t the simpleton you are coming across as in these redundant posts. Wonder what the median and modal starting salaries are in Finance and banking. So, again, we ask, get the information to explain the numbers. It is quite likely we are comparing apples and oranges across school surveys.</p>
<p>My post #39 reference to “silly numbers” was alluding to what oldfort said more directly in post # 72. People can put <em>anything</em> in a survey. Cant prove its reliability or validity. The numbers prove nothing. I’ll bet my shorts that if POIH’s DD went to any other school, we’d be hearing the brilliance of the programs at that school instead. Yawn.</p>