<p>MLDWoody, It depends on what you want to do when you graduate. If you want to be an Engineer, I don’t think a dual degree in Business will add much to your immediate needs. Economics could be a nice addition though.</p>
<p>Michigan is an enormous part of who I am, and it wouldn’t be a stretch to say that it defines me. You need to realize that most people who go or went to Michigan DO share Alexandre’s passion for the university. They just don’t post so succinctly and often on CC.</p>
<p>I have not met a single undergraduate or alumnus who did not absolutely love his/her experience at Michigan. THAT is why we defend it so vigorously. Maybe you should develop some loyalty and passion for Duke before you attack other universities.</p>
<p>That’s the problem, I really have no idea what is open to me depending on what I apply with. B.S.E. in Nuclear vs Mechanical… Masters vs Bachelors… with a BBA vs. without one… etc.</p>
<p>howbout organizational studies? Anyone know anything about this?</p>
<p>
There’s no way in hell you know hundreds of current students at Michigan. Maybe you know OF hundreds of current students (which is still incredibly doubtful) but there’s no way you can know that many, or even keep track of the colleges that that many students went to. I went to a large public school with about 650 kids in my graduating class, and save for the kids ranked in the top 10 and probably about 50-60 other of my friends in my classes/extra currics, I couldn’t tell you where anybody else went.
So you know roughly 20% of the students at Duke? hahahahah you’re a joke. You basically lose all credibility with this post. Thanks for the entertainment though.
So I’ll be conservative and say that there are 12-15 top schools. So you know (and keep in contact with) 120-150 different kids at the Ivies and other elite private schools, and the topic of your interaction with them is what universities are considered elite in the real world? And also, let’s just say that (super conservatively) you knew 1/3 of these kids from high school (where you were the world’s most popular person evidently seeing as you know soooo many people at UM), so about 40-50 kids were in your graduating class. I would LOVE to see which high school in Michigan is sending 40-50 kids in their graduating class to top 15 universities, including at least 3 to Harvard, Yale, Princeton, Stanford, MIT, Caltech, UPenn, etc.
Ummm I’m going to go with the person who ISN’T completely delusional…</p>
<p>^I think its pretty clear this kid named lesdiablesbleus is either </p>
<ol>
<li>a ■■■■■</li>
<li>or just incredibly stupid</li>
</ol>
<p>can we just ignore him now…this thread has gotten way off topic…</p>
<p>
Hey, the kid wants to work on Wall Street. He is just practicing.</p>
<p>As the poor kid who had started this thread (and subscribed to it via email to get all useful replies),</p>
<p>I completely agree with the college bound guy! :(</p>
<p>He doesn’t need to practice. Lesdiablesbleus goes to Duke. According to him, 300 undergrads will be placed in front office jobs in Wall Street Financial firms this year. And additional 150 will be placed in Management Consulting forms. That’s 50% better than Wharton! With those figures, it would appear that Duke students don’t have to even try.</p>
<p>In the meantime, we have an interloper from Duke who is constantly bashing the University of Michigan all over CC because his mommy and daddy went to tUOS. It is really beyond annoying already and I’m just concerned that others will actually believe his nonsense.</p>
<p>Just curious, if the lesson 2+2 = 4, is taught in a class room at Harvard, and the same lesson is taught in a class room at the University of Michigan, is it true that the educational lesson at Harvard is superior, and thus should be more revered? This is the fallible junk logic that you pretentious elitists promote. </p>
<p>Let me clue you in on something: the reason Ross graduates have more access to job seekers upon graduation, is simply due to the fact that they have an incredible network at their disposable. It has nothing to do with them being smarter than their LSA counter-parts. It’s a matter of who you know - that’s how the world works.</p>
<p>I don’t know who would want to make a career out of investment banking, anyway. It’s a career path that completely revolves around manipulating markets for profit. How that can be personally rewarding, is beyond me…</p>
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</p>
<p>I don’t think you know what investment banking is. You’re confusing the practice of investment banking with the practices of a hedge fund (but possibly the business involved between an investment bank and a hedge fund). Investment banking entails raising capital for companies and advising on mergers & acquisitions and corporate restructurings.</p>
<p>I also don’t think you know that the vast majority of students who enter investment banking after graduation leave after two years. The Analyst program provides a thorough grounding in financial analysis and understanding of the financial management of companies, allowing one many options in the finance/business world upon successful completion.</p>
<p>giants, I worked in Investman Banking, and I can see why UniversityOfMich would question the profession. Too many people go into IBanking for the wrong reasons, mostIBankers have rotten characters and the entire compensation structure of the industry promotes dishonesty.</p>
<p>So can I. But, as I said, most people who enter out of undergrad only do it for two years for the purpose of gaining the experience. I’m talking about IBD, not the broad practices of a bank (incl. S&T, ER, etc.). “Most” have rotten characters? That is absurd. I can’t say I’ve had significant exposure to too many firms, but that’s far too harsh. I disagree with the compensation structure comment regarding IBD, in which you ARE your reputation. If you deceive and provide bad advice in this industry (for the purpose of closing a deal -> bringing in more bacon for the firm -> higher bonus), you’re done. No client will ever hire you for an M&A again.</p>
<p>“Investment banking entails raising capital for companies and advising on mergers & acquisitions and corporate restructurings.”</p>
<p>LOL. It must be really gratifying to realize that you’re the omnipotent controller of outcomes, because you have all the means of determining outcomes (money). It must really warm your soul.</p>
<p>And by “overseeing mergers”, do you mean your relentless pursuit of eating up smaller banks in order to maintain your ridiculous market share?</p>
<p>Please, don’t kid yourself…</p>
<p>Giants, in my three years with Lehman Brothers and Goldman Sachs, I made serious attempts at striking friendships with many colleagues and I generally found them to be lacking in character and integrity. That’s coming from somebody who finds good in virtually anybody. I just couldn’t bring myself to befriend or keep in touch with any of them. I ran away from that profession despite making excellent money. Making friends at manufacturing and consulting firms never required any effort.</p>
<p>As for the bonus scheme of IBanks, I think it is seriously flawed. I can see how the most successful IBankers can be paid salaries Including bonuses) in the hundreds of thousands, but millions and tens of millions? Sufice it to say, I don’t believe anybody should make that much money. Doctors who save lives don’t come close to making that much money.</p>
<p>You still have zero idea what you’re talking about. Further, I’m questioning your ability to read and process information.</p>
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</p>
<p>The statement of mine you quoted was trying to inform you of what investment banking is. (You clearly don’t understand that investment bankinging is one of a number of activities performed by an investment bank.) By your response, I’m not really sure what you thought I was implying in my description. Certainly not that “I am the omnipotent controller of outcomes…” lmao</p>
<p>
</p>
<p>Um no, not in the least. M&A advisory entails advising companies on the acquisitions of other companies or the sale of themselves or certain divisions, not a “relentless pursuit of eating up smaller banks”. Once again, you have no idea what you’re talking about.</p>
<p>
</p>
<p>Please don’t kid yourself thinking you actually know anything about the profession.</p>
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</p>
<p>That’s a different story. I won’t disagree that senior level bonuses are too high. Supply and demand though.</p>
<p>I know what you mean, but supply and demand does not excuse it Giants. A person dying of thirst will pay anything for a glass of water. Is it right to charge him a million $ for a glass of water? Instead of learning from the current global depression, we are forging ahead. What is it going to take to stop this madness. At the age of 24, I was making as much as (if not more than) a 40 year old doctor saving lives. My boss, hot as she was, was earning 7 figures. I can think of dozens of fellow classmates who could easily have done her job, to say nothing of mine. As long as IBanking’s compensation model remains as it is, the “wrong type” of people will be attracted to the industry.</p>
<p>ethics… psh</p>