<p>Duke econ vs. Cornell AEM</p>
<p>money is not an issue and i want to work in the Wall Street in the future</p>
<p>thx for your time</p>
<p>In or on?</p>
<p>Hate to break it to you, but there will not be much of Wall Street left in a couple of years. The money train is over.</p>
<p>May I suggest farming?</p>
<p>Do a search....there are so many Duke Econ vs. Cornell AEM threads</p>
<p>In terms of investment banking and management consulting jobs, Duke is only behind Wharton, Princeton, and Harvard. If you want to work on wallstreet, Duke is a better choice.</p>
<p>"In terms of investment banking and management consulting jobs, Duke is only behind Wharton, Princeton, and Harvard. If you want to work on wallstreet, Duke is a better choice."</p>
<p>This statement is sort of true. I mean, I work on wall Street, HYP Wharton are def. the big players, just behind them are the other Ivys plus an eclectic mix of other top schools like UChicago, Duke, NW, UVA, UMich Ross, Stanford, etc. Does Duke place better than everybody except for H, P, Wharton? Not in my observations. </p>
<p>If you want a job on wall street these days, all you have to do is be astoundingly brilliant. They're making offers to significantly fewer people. I'd say don't bet on it, no matter where you go.</p>
<p>
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Hate to break it to you, but there will not be much of Wall Street left in a couple of years. The money train is over.
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</p>
<p>Agree. Business people are just trying fanatically to find jobs in/on the Wall Street (in/on are both acceptable). Big firms are just cutting jobs now. I would listen to Cayuga and don't go into business.</p>
<p>Yeah. Are you passionate about anything else that's a bit more dependable? Maybe medicine or something? I was conflicted between business and medicine, but opted for that latter due to stability.</p>
<p>Duke econ > Cornell AEM for Wall Street (IB, Consulting, etc.), but yeah Wall Street really sucks right now. A lot of the banks (Lehman, Citi, Wachovia, etc.) are taking major hits and are on the verge of collapsing. Banks are not making full time offers as a result of these hits and won't be recruiting until December at least according to my cousin. Its really bad right now so I'd reconsider IB if I were you.</p>
<p>The summer associates that I know (all from top schools - including Cornell) have received offers from their respective summer IB internships (Junior summer). I have only heard about one girl from Merrill who didn't get an offer.</p>
<p>I don't think the OP was asking for career advise - he was asking to compare programs in terms of job placement. I think it's a wash - go for the school you like the best! In terms of education - it's very different, because at Duke you will be majoring in Econ, which would be comparable to Cornell's CAS Econ and at Cornell you will be in an AACSB accredited business program.</p>
<p>"Duke econ > Cornell AEM for Wall Street (IB, Consulting, etc.),"</p>
<p>where's this information (opinions) coming from, I don't go to work with my ears and eyes closed. </p>
<p>"A lot of the banks (Lehman, Citi, Wachovia, etc.) are taking major hits and are on the verge of collapsing."</p>
<p>Lehman needs extra cash that it can obtain by selling a big chunk of stock. Wachovia was hit, but so far not enough to put it at a for-sale price. Citi wont collapse, neither will the vast majority of major banks out there. </p>
<p>"Banks are not making full time offers as a result of these hits and won't be recruiting until December at least according to my cousin."</p>
<p>The bulge bracket banks are making full time offers. There's too much talent to just skip it over, they'd only be hurting themselves if they didn't. Also, hiring right out of college yields the cheapest workers, another advantage. What is true is the fact that banks are being much more picky about who they hire. Where a very intelligent person would get an offer 2 years ago, today you've got to be a superstar.</p>
<p>gomestar, let me ask you an International Baccalaureate's (IB) Theory of Knowledge (TOK) question. How do you define talent? How do you know someone has talent? Who is to decide whether someone has talent?</p>
<p>It is undoubted that major firms are aggressively slashing jobs. (I was going to post a news link about Wall Street firms lashing tens of thousands of jobs, but realized that it is written in Chinese =.=)</p>
<p>I think even some Whartonies cannot get internship offers.</p>
<p>Oh believe me, I was going to major in business, but decided to go into biology instead because the financial sector is so bad now. You should really ask people who work in that sector. At least... I did.</p>
<p>"How do you define talent? How do you know someone has talent? Who is to decide whether someone has talent?"
I leave that to the recruiters who work on my floor. Also, my boss is a former recruiting VP. I tend to believe what they tell me. </p>
<p>"It is undoubted that major firms are aggressively slashing jobs."
Firms are still hiring, I guarantee it. Pay attention to which jobs are on their way out, you'll see that many of them are non-core jobs that were great to have, but not necessary for advancement of the business. </p>
<p>"I think even some Whartonies cannot get internship offers."
Well, right. You didn't seem to comprehend what I wrote. You're assuming that everybody at Wharton is a superstar. News: not everybody has a 4.0. Do banks and other firms set out to hire anybody from wharton just because they're from wharton? Or do they put them through a rather rigourous interview process first? (in case you didn't undestand that, the answer is the latter). </p>
<p>"Oh believe me, I was going to major in business, but decided to go into biology instead because the financial sector is so bad now. You should really ask people who work in that sector. At least... I did."
I didn't know the financial sector is the only thing a business major could do. Who knew! I prefer working in the financial sector and answering to my boss and shareholders than going into medicine and answering to an insurance company.</p>
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Firms are still hiring.
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</p>
<p>Sigh... don't read much?</p>
<p>[url=<a href="http://blog.yam.com/flancolin/article/16582328">http://blog.yam.com/flancolin/article/16582328</a>]</p>
<p>"Sigh... don't read much?"</p>
<p>I'll be a little more direct. I work for a major investment bank. We are still hiring college grads. Yes, people have been layed off. No, we aren't hiring as many students as we have in the past, but we still are hiring them. This is not my opinion but a fact. Even a good friend who had an offer for Bear Sterns still got another offer (from JP Morgan, obviously). </p>
<p>By the way, fancy article that discusses some layoffs and pay cuts (not this whole thing about college grads like we're discussing). Great work on your critical reading skills. </p>
<p>I stated that banks are being much more picky and taking much fewer college grads, but to say they only laying off and doing zero hiring just isn't true.</p>
<p>I just received my group's bonus pool last week. It is not as bad as I have expected, a bit down, not shockingly. I am still hiring, but it is to upgrade, one for one. It is not pretty out there, but most firms will still pay up to retain the talent. We are looking to cut the bottom 5% soon, but at the same time we are talking about retention bonus for some top people. It is not hard to know who your top employees are - whether you are in the front office or support. </p>
<p>Some firms may be backing away from Asia now and focusing more on emerging market, especially LatAm.</p>
<p>Shifu Yoda - I am not sure if you fully understand the relationship between doctors and insurance company in the US. Gomester has a very good reason for saying that. Investment banking has never been an easy place to work, good time or bad time. It is the place where the fittest will survive. I have seen many down turns, and all of my friends (25+ years) have survived them.</p>
<p>Latam is getting pretty big for my bank. Asiapac not as much, though Manila is def. gaining ground.</p>
<p>What's with all the bashing on IB?
It's not going to die out anytime soon in the U.S.</p>
<p>To answer the question posed. Both are excellent for Wall St.. Boatloads of Alum. However, in my experience a lot of the Dukies are former athletes (lax in particular), not so for Cornellians ( a mixed bag). Just one mans experience, your mileage may vary. Schools are very different, go the one where you feel most comfortable. I saw a study that said of cross acceptances between the two, roughly half choose each school.</p>
<p>
[quote]
What's with all the bashing on IB?
It's not going to die out anytime soon in the U.S.
[/quote]
</p>
<p>You are right. I'm being too pessimistic. </p>
<p>I understand Lehman Brothers is hiring.</p>
<p>Now do you believe that investment banking as you know it may die out?</p>
<p>Look: The country functioned just fine in an industrial economy for a century without the ridiculous profits and rents (and so little value added) enjoyed by the investment banks over the last fifteen years. We can (and will) go back to that time.</p>