<p>Assuming I don't get accepted into Ross how is the recuriting for jobs and internships? Can LSA students interview on campus with Ross kids? </p>
<p>Everybody talks about UMich being a target school for ibanking recuriting, but they are mostly speaking about Ross right? Is the LSA recuriting comprable or better than the business school at a lower ranked university like ASU or U of A?</p>
<p>When investment banks say they recruit on campus, they are mainly targeting Ross students, who have access to a better career office and networking/recruiting system through iMpact. However, there are a good number of LSA students who get the same internships and jobs after they graduate. The job search will just be tougher without any connections.</p>
<p>I am a former Goldman Sachs recruiter. It is a complete mistake to assume that an undergraduate business major is the ticket to an investment banking job. To the contrary, the i-banks look for bright, interesting students who have excellent quantitative, verbal and interpersonal abilities, and who can pick up new skills easily. We hired all majors from political science to history to philosophy, along with business. If anything we had a preference for liberal arts students who had a broader perspective on the world.</p>
<p>^^ Let's say I major in business. Would having a minor in a liberal arts type program help at all? I wouldnt do that just to make myself look better, but I am really interested some of the Liberal Arts Studies offered</p>
<p>Yes, it would be an excellent idea to minor in the LSA or, if you can, get a dual degree. I personally liked the idea of just doing business and then getting a broad liberal arts curriculum by taking a variety of courses instead of minoring. But there are advantages to minoring, especially if you're into what you're studying.</p>
<p>Yea, I know that investment banks hire liberal arts majors but I thought that was mostly out of the ivys? I know Ross is excelent, but is UMich LSA good enough to get recruiters?</p>
<p>I know you can get an ibanking job out of any university if you are good enough, so I guess my question is how highly regared is the Michigan liberal arts program?</p>
<p>I mjored in Econ (LSA) at Michigan and finding jobs at major IBs was not that difficult. They definitely recruit very heavily at LSA. You obviously have to make an effort and maintain a good GPA, but the opportunities for LSA students are pretty amazing.</p>
<p>Goldman didn't even go through Ross this year; they went through the LSA Career Office. Ross students sure didn't like this!</p>
<p>I'd say that LSA is as regarded as most elite universities' Arts and Science programs. Most LSA departments are ranked very high, from its top 10 Econ, English and Math departments, to its top 3 Anthropology, History, Political Science, Psychology and Sociology departments. IBanks and other major companies probably regard Michigan LSA on par with the likes of Northwestern, Chicago, Cornell, Cal, Duke etc...</p>
<p>
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Goldman didn't even go through Ross this year; they went through the LSA Career Office. Ross students sure didn't like this!
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</p>
<p>what the heck? that's just stupid. i wonder how many students goldman took in last year from lsa compared to ross though.</p>
<p>anyways, i'm thinking about minoring in econ, but how hard is econ 401 - intermediate micro? people have been telling me that it's the 'hardest' course at umich.</p>
<p>Believe me, it's not stupid, it's intentional. As I posted earlier, Goldman (at least when I was there 5 years ago) had a slight bias AGAINST undergrad business majors.</p>
<p>Forgiven, 401 is supposed to be the hardest of the econ major REQUIRED courses. So it's a good indicator that shows whether you will be successful as an econ major, but there will be harder electives for those who have passed that step. Some of the 400-level electives, including 409 (game theory) and 418 (business cycles), will probably be the toughest.</p>
<p>But 401 is still tough I heard. And you need to know a lot of math concepts.</p>
<p>I heard that many firms prefer liberal arts majors over business majors. But for schools that have both (esp. one with a prestigious business school), I think the business school students in general have the edge when it comes to recruiting. I don't know anybody, for example, that would turn down a Wharton student for a Penn CAS student (assuming a very similar resume otherwise) just because liberal arts majors are preferred.</p>
<p>Nervousmommy, why did Goldman have a bias against business majors? It seems smart if their competitors are chasing the same business students. They would be mining a untapped pool of highly talented potential employees. However, if it's because of the lack of a liberal arts background, that seems a bit silly... especially with the broad distribution requirements of a school like Michigan. There are a lot of business majors who have taken a broad array of liberal arts courses. The B-School required courses allow for this.</p>
<p>Goldman was looking for students who had demonstrated an ability and willingness to work hard, and who excelled at: communication, identifying trends and patterns, using evidence to support arguments, and grasping complex concepts quickly. Certainly a strong quantitative background was essential, but beyond that our bias was that business majors were more narrowly focused; while they knew Black Scholes and a set of financial formulas, they were not as creative and thoughtful. This perception could certainly be overcome by taking liberal arts courses (or a double major or minor in liberal arts), studying abroad, or fluency in a foreign language. </p>
<p>If you study the backgrounds of the top management at any of the Wall Street firms, you will find very few undergraduate business majors.</p>
<p>from GS website:
<a href="http://www.goldmansachs.com/careers/learning_center/tips_hints/tips_hints_america/faq.html%5B/url%5D">http://www.goldmansachs.com/careers/learning_center/tips_hints/tips_hints_america/faq.html</a></p>
<p>Q: What kinds of people are suited to investment banking?
A: People who are interested in financial markets, business, and how organizations work; enjoy problem solving and creative thinking; work effectively in teams; communicate persuasively; can demonstrate a track record of success, innovation, and adventure; are comfortable working with numbers; and make the most of every opportunity. </p>
<p>Q: Do I need to have a background in finance?
A: Your area of concentration is less important to us than your potential. As Our Business Principles state, "We make an unusual effort to identify and recruit the very best person for every job." We recruit from a broad range of universities and degree disciplines each year. All applications are reviewed by the appropriate business unit.</p>
<p>I'm not sure of all of the details, but my friend who is in LSA kicks ass at investment banking stuff. He already got flown out to New York for an interview and is going to get an internship for some major company (I think GS was one of the places interested in him) in NYC this summer.</p>
<p>How difficult Econ 401 is really depends on your math background. The kids who say it is the hardest class at the university are the ones who are trying to get by after only taking Calc I. If you're really good at math, the class is pretty easy (if Econ 401 would've counted for natural science, I would've taken it instead of Econ 101). If you understand how the math is working, the application to economics comes fairly easily.</p>
<p>Dilksy, I have been saying it for quite some time now on other forums, but people find this hard to believe. Michigan LSA is very highly regarded. As highly regarded as Engineering and Ross and as highly regarded as what I consider peer institutions such as Cornell, Northwestern or Penn. I got offers from Goldman Sachs and Lehman Brothers when I graduated from Michigan in 1996 and I wasn't special. I had a slightly lower than 3.5 GPA. With the right initiative, a student from the college of LSA with a 3.5 GPA will be able to open many doors.</p>
<p>I was just pointing out that it's possible to do LSA and not have any disadvantage as far as recruiting goes for business jobs on campus. I have no idea what kind of reputation various places have in the business world.</p>