<p>I have a question,
now im a third year Busines ADmin student. I'm planning either concentrate on Accounting or Finance(which leads to Ibanking job),
but after I read through this forum, found out a lot of people complain about how Ibankers have no life , solely a machine to work for money.
I also have no idea about how accounting major going to be work life balanced or not.</p>
<p>I dont want to ask about which one makes more money, but obviously, it's a big factor. can someone tell me which one makes little bit more. I know Ibanker makes roughly 70k per year, what abut accountants?</p>
<p>Majoring in finance at any school doesn't just lead to ibanking. What school do you go to and what is your GPA -- that can narrow down the choice pretty quick.</p>
<p>If you're majoring in Economics, do you have to be at an Ivy League school to get an I Banking job? What about at a school like UM which is well known but not as prestigious as the ivy leagues? I know a lot of IBanks recruit from Ross but was wondering if they recruit many from LSA too. </p>
<p>I'm not necessarily thinking about IBanking because, quite frankly, I don't have a great understanding of what it is and what exactly IBankers do. I was just curious what the opportunities are of going into this field by majoring in liberal arts at a non-ivy league school.</p>
<p>ok wow, first off ibankers make 60k base, and word on the street is bonuses of 90-110k (even GS is paying up due to HF and VC headhunters). 70k might have been applicable the day after the bubble burst.
Ibanking is ridiculously hard to get into, you go to a non-target and have a 3.2 (you need a 4.0 and alot of luck from a school like that to stand even a chance) and have no relevant internships, you're pretty much screwed.</p>
<p>ibanking or accounting? if anyone says accounting over ibanking they are an idiot (believe me, im not pro-ibanking or anything, and other finance jobs are completely rational). Accounting SUCKS. If you work at a Big Four, you work a ton of hours anyways, make less, have very little room for advancement, no prestige, actually more boring than ibanking, etc etc.</p>
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ibanking or accounting? if anyone says accounting over ibanking they are an idiot (believe me, im not pro-ibanking or anything, and other finance jobs are completely rational). Accounting SUCKS. If you work at a Big Four, you work a ton of hours anyways, make less, have very little room for advancement, no prestige, actually more boring than ibanking, etc etc.
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<p>Well actually, you're an IDIOT for making such an idiotic remark. Tell me, why would it be idiotic to choose accounting over I-banking? Have you ever worked in accounting/big 4? I'm waiting to see your idiotic answer.</p>
<p>accounting doesnt have nearly as much stress/work hours as ibanking. It is definately more stable and you can have a life outside of work too. While I agree that it is extremely boring..I'm sure there are some people who enjoy it? </p>
<p>Fantasy, there are many other things you can do with a finance degree. Ibankers are from top schools and have close to 4.0 gpas...and you don't really fall into either of those categories, so don't count on ibanking. But you could land a financial analyst position, for example.</p>
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The last sentence of the paragraph you quoted answers one of your two questions.
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<p>You must be just as a big of an idiot then. To proclaim choosing any career path over another career path as "idiotic" without having worked in both and without considering that everybody has different preferences is what is truly idiotic.</p>
<p>Chill with the "idiot" remarks. I was only pointing out that you were asking him a question that he had already answered. I never said that I agreed with his opinion. As niihla said, accounting would be the better choice for the individual that prefers more stability and less stress -- and of course those that enjoy accounting work.</p>
<p>Instead of getting defensive, why don't you just give some reasons why someone should choose accounting over ibanking.</p>
<p>how boring is accounting exactly?
i mean, i learned financial accounting, we need to actually predict some future investment based on ratio, isnt this part dealing with IBANKing?</p>
<p>i mean can you please brieftly talk about why you claiming accounting boring?</p>
<p>im young and i like to challenge. but in a good shape is very important for me, i really hate to finish job or accept night jobs that late (2am? hell no!!)</p>
<p>i like work, i like work with things relating to other society not inside a little office with big bottle coffee all night long. i like living in a good society and being a good citizen, but i dont wanna contribute my youth into a big junk ***in papers and getting old and dumb</p>
<p>If you go into banking, you will still need to be analyzing balance sheets, income statements, cash flows as well. Many bankers would be very good accountants.</p>
<p>Banking pays a lot more than accounting, and is regarded as much more prestigious. It also is a lot more difficult to break into, and leads to more exit opportunities.</p>
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i mean, i learned financial accounting, we need to actually predict some future investment based on ratio, isnt this part dealing with IBANKing?
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<p>That is not really what ibanking is (although the "predict future investment" thing is broad and I am sure fits in somewhere). Ibankers work with companies to issue IPO's (in order to generate capital for the company), help with mergers and acquisitions, and provide financial advise to companies.</p>
<p>Examples:</p>
<p>When Google offered their IPO they had an investment bank determine the terms of the offering.</p>
<p>If Google was to merge with Microsoft each company would have an investment bank working for them. The IBank would be determining the terms of the merger.</p>
<p>If Google was trying to decide whether or not it was a good idea to merge with Microsoft, they could hire an investment bank in order to help them decide the right path to take.</p>
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Instead of getting defensive, why don't you just give some reasons why someone should choose accounting over ibanking.
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<p>Reasons? For what?? I already emphasized why someone would choose ANY career over another. That's because, based on individual reasons, that's what one would PREFER. If someone chooses to go into say for example, marketing instead of consulting because that's what they want to do then one shouldn't call it idiotic. I don't think you get the point.</p>