Current Banking Crisis: Positive for Future IB?

<p>Statements like
[quote]
Huh? Do you even know what a hedge fund is?

[/quote]
and

[quote]
AHHAHA, no one on here except for OperaDad knows how HFs work.

[/quote]

certainly can interpreted as being a know it all. What, you think the only way that conclusion can be reached is by literally writing "I know everything"? How childish and stupid are you? Who is the one not demonstrating any analytical skills?</p>

<p>
[quote]
Your inability to decipher simple English vocabulary speaks volumes about your low intelligence level. In turn, you try to overcompensate for your stupidity by "giving advice" on an anonymous college forum. Nail on the head, huh? I read you like a book, which is something I guess you can't say. (And, no, that's not me being a "know-it-all" or "caustic" -- that's simply fact.)

[/quote]
</p>

<p>None of this is fact, it is all opinion. You don't even know you to use words correctly, which is probably why you chose to get an UG business degree rather than desiring a more well-rounded education.</p>

<p>
[quote]
You know, you keep quoting that same sentence over and over again, but fail to adequately show how it is demeaning.

[/quote]
</p>

<p>You really think that if we took a vote on here that a majority would not intepret your statement as demeaning? Go ahead and conduct a vote. If a majority agree with you, I'll stand down and say your statements were intended to be kind-hearted.</p>

<p>
[quote]
If a majority agree with you, I'll stand down and say your statements were intended to be kind-hearted.

[/quote]
</p>

<p>Just because a claim is not demeaning does not mean that it is intended to be kind-hearted. That's simple logic. The negation of a statement does not make it the opposite of said statement. The basic laws of language and logic escape you once again.</p>

<p>The rest of your post is tainted with inconsolable anger -- 1) you're mad that you're wrong and 2) you're frustrated that you're losing an ONLINE ARGUMENT with a college student. It's pathetic.</p>

<p>Reading this ongoing argument made register so I can just add my 2 cents. I agree with Gellino, Oma you sound like a complete jerk. No offense but you sound pretty unhappy, if this is how you act online, one can only imagine how your face to face interactions go. Oma, you sound like intelligent individual, but being pleasant and sociable is just as important.</p>

<p>For the record that Mcdonalds remark sounded very distasteful.</p>

<p>What bothers me is that you don't even see that.</p>

<p>Don't let your intelligence make you arrogant, you'll never get far in life.</p>

<p>I have been reading these posts on careers and i banking but never posted in this section. Just wanted to say one thing after reading all this:</p>

<p>omaplata: you are a complete ******bag. period</p>

<p>when people told me whartonians were rich, snobby and a**holes, i thought it was a crude generalization. my opinion is beginning to change</p>

<p>Good call OperaDad, with LBO's over for the forseeable future, time for some great thinkers in M & A. Over the years, I've seen 22 year olds come in with some great ideas.</p>

<p>Agree that M&A is the way to go for those interested in Finance these days. However, cant emphasize enough how Im enjoying this spat - I try to remember to check this page when I check my emails. This may surpass Desperate Housewives for sheer cretinism and entertainment value. Does anyone else agree that the wharton person is a freshman boy? AND -- in todays market, dont call DB a sorry excuse for a bank -- you dont know when you may clamor for a job in it and get blackballed.</p>

<p>
[quote]

As far as your other questions regarding compensation, if you enjoy finance, pay should be of little concern to you. With that said, bonuses will be very low for the next couple of years. Good thing too because, no offense, it'll weed out kids like you who are driven primarily by monetary reasons.

[/quote]

Isn't it the other way around? Lack of compensation will weed out the IB industry from talented individuals that can do it all?</p>

<p>I have a serious question. Why IB? You are at an important crossroads in your life, and I would challenge you to find out your true motivations. Is it money? A great salary when you graduate? That isn't always a guarantee, particularly in this uncertain economic climate. NYU is a great school, and you can pretty much go any direction you want. Stern has a very flexible undergraduate curriculum. Have you thought about pursuing an educational path that would allow you to truly make a positive impact on the world in your career? You could take classes on Development Economics, Social Impact, Sustainable Business, etc. </p>

<p>It's up to you, so basically, the world is your oyster. You can have anything you want, so perhaps think about what's important to you ASIDE from money. Just a thought.</p>

<p>Last year, the investment banks were hiring out of our school like mad: they were after people with quantitative backgrounds who could "int main" and "public static void main" with the best of `em. We still get recruiting e-mails from investment banks looking for traders and model-builders, but not at the levels the year before. A good programming background seems to be important, though. I have trouble just getting on the internet, so crossing fingers might not be enough ;-)</p>

<p>
[quote]
The rest of your post is tainted with inconsolable anger -- 1) you're mad that you're wrong and 2) you're frustrated that you're losing an ONLINE ARGUMENT with a college student. It's pathetic.

[/quote]
</p>

<p>I'm losing the argument? I don't see very many agreeing with you.</p>

<p>It's ironic that you would have the temerity to impugn my reading comprehension skills after you did not understand what a poster meant above by "offer value" and I was actually the one who stepped in to deflect the resulting criticism that you received.</p>

<p>
[quote]
Just because a claim is not demeaning does not mean that it is intended to be kind-hearted. That's simple logic. The negation of a statement does not make it the opposite of said statement. The basic laws of language and logic escape you once again.

[/quote]
</p>

<p>Notice that you are focusing on petty nonsense, instead of the actual issue at hand, because you know you are in the wrong.</p>

<p>I hadn't seen these two statements previously and couldn't resist:</p>

<p>
[quote]
Good luck to you, I know you'll need it. If you need further life lessons on how to mess everything up gravely, follow in gellino's footsteps.

[/quote]
</p>

<p>How did I mess everything up gravely? Especially, considering that you appear to be aspiring to (but have not yet gotten) the position I have attained. And, I didn't even have to suffer through Wharton to get it. </p>

<p>
[quote]
Oh, and HAHAHAHHA @ you for not even getting an interview with a crap of an excuse for a bank like DB. That's embarrassing -- I guess you better start "lloking" elsewhere.

[/quote]
</p>

<p>Are you kidding me? Good luck getting anything with this level of humility. This statement is ridiculously obnoxious even if you are already working at Goldman Sachs or Morgan Stanley. However, in this economy and when you haven't even shown you're good enough yet to get an offer at GS or DB, it is completely unjustified. This type of approach, in addition to continued declines in the economy, is going to be your biggest obstacle in getting a job. </p>

<p>Do you think all those at Deutsche Bank who have made hundreds of thousands to millions of dollars over the last several years are sorry and pathetic too?</p>

<p>@ mhmm,</p>

<p>I wouldn't say that M&A is the way to go; if you talk to any bank (and I did, when they all came to Penn for recruitment), they will admit that M&A is down and will stay down for awhile.</p>

<p>I would say that the way to go if you're interested in finance is restructuring. Restructuring is more complex than M&A and certainly deals with more legal issues.</p>

<p>And btw, the leaders in restructuring are Rothschild, Lazard and Houlihan. Although with Sprayregen coming to GS, I do expect GS to be great as well in the near future.</p>

<p>investment banking is what I always wanted to do for 2 years.. And then the recession happened.. Now I'm confused on what to do in life, if I-Banking will get better or not.. Life sucks, why couldn't I have been born in the 60's.. Would be a veteran in the girls and a millionaire..</p>