<p>Why do some firms (Goldman) in their job descriptions state the open position in the following manner :Ibanking/Analyst.</p>
<p>Are financial analyst for Goldman considered an Ibanker. Why do they blur and mix the two,are the different positions? I thought they were different jobs (financial analyst work a lot few hours).An financial analyst for Disney is def not a Ibanker. I'm looking for a financial analyst position where I work 45-55 hours a week.</p>
<p>i see..............</p>
<p>For financial analyst positions where you work sane hours, look at corporations. They usually have openings :)</p>
<p>Ibanking/analyst at Goldman means you will be working in the Investment Banking Division as an analyst. If you want an analyst job with less hours at GS, look for a job in one of the other divisions like operations, technology & finance. The finance jobs in OTF sound like they are more along the lines of what you are looking for. And no matter what anyone tells you negatively about working in OTF (because it is back office and not ibanking) don't listen to them because they probably don't have any experience anyways. OTF has a lot of intelligent people in it that work very hard and do an extremely well job.</p>
<p>Would an econ major be just as qualified as a finance major for an analyst position?</p>
<p>twloo7, thanks. What is the salary range for a analyst not in the Ibanking Division, considering one would not work as many hours?</p>
<p>does anyone know about the econ question posted above?</p>
<p>I don't know specific salaries and would feel uncomfortable asking the people I know what their salaries were. I have a feeling that salaries are comparable across the board but there are big differences in the bonuses.</p>
<p>quoth the raven-- the econ vs. finance question tends to broil down into a serious debate. some people firmly believe that a u-grad finance degree gives them solid hands on preparation for the workforce. however, i'm more closely alligned to the professionals who advise students to get an economics (or similarly quantitative degree) degree. my dad, his colleagues, and our family friends (all working for major nyc investment banks) have told me that they'd rather see a student with an economics degree over a finance degree any day (unless that finance degree is from wharton, but still..). these ibanks are just going to take you and retrain you, so they want the most skilled, capable person so they don't have to use up all that time and money training you.</p>
<p>No there is no serious debate that needs to occur. The answer to this is simple.</p>
<p>Do whatever is better recruited at your school.
Example: Econ vs. Finance major at UT Austin, UCB, or NYU.</p>
<p>In each of these instances, it's more difficult to get into the business school than it is to get into the College of Liberal Arts/Arts & Sciences, w/e.</p>
<p>By having admissions more difficult, you are viewed as a stronger applicant. Econ majors are viewed as being weak and rejects. That's not to say you wont get a job as an econ major, but it is to say that you will encounter more difficulty, will probably have less resources at your disposal, and generally have to work harder to achieve your goal.</p>
<p>So this answer will vary from school to school but in general the finance major will always win.</p>
<p>Would an "operations research analyst" be the correct name for an analyst of the operations division of the firm??? If so then here is the average salary for an analyst right out of college for that position (assuming it is in New York): <a href="http://swz.salary.com/salarywizard/layoutscripts/swzl_compresult.asp?narrowdesc=&searchpage=keywordtitleselect&jobcode=RD14000035&statecode=NY&jobaltername=Entry+Level+Operations+Analyst&state=New+York&searchtype=1&jobtitle=Operations+Research+Analyst+I&narrowcode=MM01&metrocode=119&geo=New+York%2C+NY&narrowdesc=Logistics&pagenumber=1&zipcode=&isswzupdateoptin=&isjswupdateoptin=&isnewsoptin=&choosesignup=0%5B/url%5D">http://swz.salary.com/salarywizard/layoutscripts/swzl_compresult.asp?narrowdesc=&searchpage=keywordtitleselect&jobcode=RD14000035&statecode=NY&jobaltername=Entry+Level+Operations+Analyst&state=New+York&searchtype=1&jobtitle=Operations+Research+Analyst+I&narrowcode=MM01&metrocode=119&geo=New+York%2C+NY&narrowdesc=Logistics&pagenumber=1&zipcode=&isswzupdateoptin=&isjswupdateoptin=&isnewsoptin=&choosesignup=0</a></p>
<p>i think that the finance major only wins when it comes down to those schools with finance programs. i understand what you're saying, but i think you're missing what i'm saying. </p>
<p>it makes sense for a company to pick an nyu stern graduate over an nyu lib arts graduate -- unless that lib arts graduate has a quantitative ability that tremendously surpasses the finance major's. obviously do what's going to be the most marketable from your particular college.</p>
<p>but the thing is, most of the heavily recruited schools don't have undergraduate finance programs. therefore, it does become a debate whether to go to a heavily recruited school with no ugrad finance program or somewhere with one. saying that economics majors are weak and rejects is a complete exaggeration -- i think if you're coming out of a college with a bs degree in economics, any employer understands all of the quantitative work that went into your degree, and i doubt any will disregard you as an applicant because of it. and i think that'd be true even if you went to a school with a finance program, even if the finance program does have better connections with the business world. when it comes down to it- there is a debate as to go to a school like harvard yale princeton or even duke or stanford where you would be an economics major or nyu stern where it makes sense to go finance.</p>
<p>as i've said before, i've had to sit through dinners where a friend of mine was BERATED for getting a degree in finance instead of something like economics or stats and i was praised for economics, esp. after taking econometrics. maybe it's just the businesspeople i've spoken to, but i've never seen anyone look down on an econ major in the finance world.</p>
<p>Notice I made the case about recruiting. Obviously if you're a top notch kid and you have the opportunity to go to say, UChicago for Economics versus a less prestigious (less recruited, etc) school that has a BUSINESS program, you should go with UChicago. Decisions like this should always be made with recruiting in mind.</p>
<p>At the same time, if you're a top notch kid maybe you'll have a decision such as Dartmouth versus Wharton. Do you think the Wharton kid is going to be berated for not majoring in a liberal art? No. (And please don't make the case of the Wharton kid really having a BS in Econ, they're basically getting a b-school education)</p>