<p>If you do well in engineering at Berkeley, the world is your oyster. You could augment your candidacy for I-Banking by going to Haas, which BusinessWeek ranked recently as the number 3 undergrad business school (on the basis of recruiters rating it #1). The risk here might be that you are not admitted to Haas.</p>
<p>Are you really set on I-Banking? If you are at a true lover of engineering or MIGHT want to work in the biomed engineering area or if you are open to deciding you would go into something like venture capital, you may do better to stay in the Bay Area which is the center of venture capital and the largest center of biotech in the nation (with Berkeley, UCSF, and Stanford, hundreds of companies, and about 90,000 biotech jobs). The fact that British Petroleum just awarded $500 million to Berkeley to develop biofuels is making the Bay Area a center of energy research and development as well (the next wave of technology, presumably), a field which is enjoying a wave of great interest as well as investment. </p>
<p>I think other posters have stated well that you should look at where recruiting is done for what you want to focus on. </p>
<p>On the other hand, my bias is to say getting out of Dodge is always a good idea (you can always come back to the Bay Area after a stint on the East Coast), but before you choose if you haven't done so, you should definitely look at the different campuses. As I am sure you must be aware: Columbia is ultra-urban, so you'd have to like NYC. Duke from what I've heard is a bit socially conservative. Johns Hopkins is a great place to do science, but not known necessarily as having a spicy social climate. And Baltimore is a nice town, but not a destination for most.</p>
<p>I don't know how all the I-Banks work in terms of recruiting. I do know in consulting there are some firms that really want people with the heavy quantitative background that you are bound to have. And these look very favorably at Berkeley quant people.</p>
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In my opinion UCB doesn't cut in the Investment Banking World.
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<p>I would make your analysis of this data-driven, not reliant on any of our opinions here, unless the person speaking happens to be recruiter for an I-Bank or in that line of work (forgive me if some of you are). Below, in the BW article, GS is noted as coming to recruit and JP Morgan says the quality of Haas undergrads outstrips some MBAs they hire. These are anecdotal bits; research, research, research.
<a href="http://www.businessweek.com/magazine/content/07_12/b4026066.htm?chan=bschools_undergrad+programs_undergraduate+b-school+news%5B/url%5D">http://www.businessweek.com/magazine/content/07_12/b4026066.htm?chan=bschools_undergrad+programs_undergraduate+b-school+news</a></p>