<p>No, and no.</p>
<p>And what the hell are you saying "the next new thing to get rich?"</p>
<p>I-Banking will ALWAYS make you rich.</p>
<p>Chicago is HUGE for Investment Banks. </p>
<p>At the MBA level, they are #2 in Finance. Some even say they are #1, but I believe that honor goes to Wharton. But Chicago is never lower than #3 for Finance. </p>
<p>At the undergraduate level, Chicago has an incredibly gifted student body...and the #1 Economics program in the nation.</p>
<p>What's not to love!!!</p>
<p>Well, I don't know about the statement that I-banking will always make you rich. I think it is fair to say that I-banking will make you rich if you can get in it and stay in it. The problem is that the vast majority of I-banking don't get in, and even those who do get in, the vast majority of them wash out in a couple of years, either voluntarily or involuntarily. I-banking is a tremendously unforgiving industry - if you're not one of the top performers, you're basically on your way out. It's an up or out system. People who were able to last in I-banking for only a year or two, I would hesitate to call rich. If you can stick around for awhile, yeah, you're getting pretty rich, but the problem is that most people don't last that long.</p>
<p>sakky can you tell me where you found out about that or the articles and stuff. not that im doubting you. it would just be interesting to read.</p>
<p>Excellent point Sakky. Most I-Bankers I knew, myself included, did not enjoy the lifestyle. Lots of "sharking" and long hours (80 hour work-weeks were the norm) get to most people after a year or two. The few that survive and make it will do well, but the majority of people are not designed for I Banking.</p>
<p>What's sharking?</p>
<p>Sharking means that employees are very competitive (in a negative and sometimes unpleasant way) because they know that only very few of them will make it to the next level.</p>
<p>Well I just gone done reading Monkey Business-it's probably the fastest I've ever read a book (in less than 16 hours). I've heard a lot of negative stuff about investment banking, but these two men just seemed to absolutely HATE it. It was a good book though.</p>
<p>I would also recommend Liar's Poker by Michael Lewis. Granted, it's more about sales and trading than I-banking per se, but it still gives you a strong flavor of the culture of the world of finance.</p>