<p>hey......just starting to get into the whole finance world, so forgive any mistakes with the terms.</p>
<p>Here's what happened, I'm a senior in high school with
102.3 gpa
700crit reading 730 writing 740 math
770 sat2 on bio m and math 2
my extra cirrics and awards are the best part with various state wide science comp wins, math awards etc</p>
<p>anyway, I met someone and decided to apply to NYU Stern ED. I talked about it with people, research a lil on the net, and saw that they were ranked 9 by buisnessweek and 2 for finance (want to be a banker: ib, pe, hedge, w/e i'm not really sure exactly how it works yet) anyway, now i'm reading that Stern isn't good for people who want ib jobs out of college, they dont get hired by the bb firms often......so my questions are:</p>
<p>What are the best undergrad schools to go to in order to get a job in ib (the highest chance of landing a job)?
Should I get an MBA before working?
I have a very good chance at NYU, butshould I try to cancel the ED and apply to a better school?
What exactly does S&T stand for?
Is it possible to get an internship at a major ib for the summer before college (so coming out of high school)?</p>
<p>any important terms you think I should know...please let me know </p>
<p>and the same thing with any important book you think I should read in order to gain a better understanding of finance/ib</p>
<p>First of all, there are no more independent ibanks; only commerical banks</p>
<p>What are the best undergrad schools to go to in order to get a job in ib (the highest chance of landing a job)?
-Wharton and Harvard, with YPS and MIT a close second
Should I get an MBA before working?
-You can but it is not necessary. Most people interested in such a career become first year analysts right after graduating college
I have a very good chance at NYU, but should I try to cancel the ED and apply to a better school?
-NYU has good location and internship connections, but is not in the same league as Wharton, Harvard or the others I mentioned; your call
What exactly does S&T stand for?
-Sales and Trading, an important and once-very-profitable division of ibanks. However, most people in ibanks are in mergers & acquisitions (M&A)
Is it possible to get an internship at a major ib for the summer before college (so coming out of high school)?
-No, at least not in the traditional sense of an "investment banking internship." Keep in mind that even juniors in college at top schools have to work very hard to get a bulge bracket internship (multiple interviews, recruiting, resumes, etc.)</p>
<p>I'm sure you already know about HYP and Wharton, so I won't bother suggesting those. But for schools similar to NYU Stern (adimission difficulty wise), consider UMich Ross. I heard nothing but good things about their placement.</p>
<p>As for getting the MBA before working, if you plan on attending a top MBA program, I doubt that will happen without any work experience unless you end up being a big shot at Harvard ,MIT or somewhere along the likes undergrad.</p>
<p>S&T stands for Sales and Trading. Its basically what it sounds like. Sales, your gonna have to be a smooth talker and sell to clients. Trading is where you actually trade financial instruments on the markets.</p>
<p>I doubt you will get an internship at a BB unless you have some serious connections - maybe some IT work if you just want the name on the resume.</p>
<p>For books, try these:
Mergers & Acquisitions (fun read even though no hardcore finance mentioned)
Monkey Business (same as above)</p>
<p>I think that you should have applied to Wharton; it places better compared to Stern. But no, you haven't screwed yourself it'll just be harder compared to a Wharton undergrad.</p>
<p>First of all, the phrase "First of all" does not add an ounce of credibility to your post. You try to play it off like you know what you're talking about, but you don't really have a clue, do you?</p>
<p>No more independent investment banks? Last time I checked, Greenhill, Perella Weinberg, Moelis & Co, Evercore, Centerview, Lazard are all still alive -- and thriving.</p>
<p>
</p>
<p>Uh, wrong again. Most people in investment banks are in the investment banking division or corporate finance. M&A is only one part of product banking; the other half is coverage banking.</p>
<p>Please don't post unless you know what you're talking about. Giving out wrong information is just that...wrong.</p>
<p>OP: Good test scores. You'll want to emphasize that on your resume. First thing is first, start taking finance/accounting courses. If you want to do M&A or S&T, you're gonna need a good foundation in either finance or accounting. In addition, take as much mathematics courses as you possibly can. Ibanks like medal winners. Compete in some academic competitions and win a few metals =). Lastly, find a brother, sister, friend, cousin, aunt, uncle that is already at the ibank that you're applying for.</p>
<p>Another thing; the market is so horrible, most people won't get into a BB for CorpFin or S&T without prior internship experience in CorpFin or something highly quantitative for S&T(bond analyst). Start shopping around at smaller banks during your frosh/soph years and save the application procedure for a BB during your junior/senior years</p>
<p>HYSP is pretty difficult to get into. I'd say NYU has the advantage of infinite networking opportunities with bankers. And that weighs in heavily with me.</p>
<p>stern is not bad
the finance department is crazy
accounting is overrated
marketing is a hidden treasure</p>
<p>so far this is what i have come to terms with stern
good job ops- you can work or intern during fall and spring- due to logistics the rest of the ivies except maybe columbia(still far) can't do internships during fall and spring</p>