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helpful links btway. But does EVERy investment banker earn around 130k? doesnt it depend on GRE scores and what undergrad institution he/she graduated from?....lets take an average person's GRE score, graduating from a 2nd tier school. What would his/hre salary be?(start and after years of experience)
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<p>As said above, you don't take the GRE to get a job. GRE's are for academic graduate programs.</p>
<p>As far as depending on what undergrad institution you graduate from, your Ibanking salary obviously does depend on that in the sense that if you don't graduate from a top undergrad institution, you're highly unlikely to even get an Ibanking job. That's because the Ibanks only recruit at a select number of schools, almost always the top ones. It is difficult for even the students at these schools to get an Ibanking offer (because of the competition from the other students), but it is EXTREMELY difficult if you don't even go to a school at which the banks recruit. To get an offer, you first have to get the interview, and if the banks don't recruit at your school, it's hard to even get an interview. </p>
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oh ok...so is gpa the only deciding factor into getting a good job after undergrad??
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<p>Absolutely not. GPA is just one factor. How well you interview is another factor. So is networking. In fact, arguably these are actually more important than the GPA itself. </p>
<p>For example, I know quite a few people who have stellar grades from the top schools - but who didn't get any offers from companies that they wanted to work for. They got a lot of interviews (because their grades were high enough to generate interest), but no actual offers. That's because they were not well prepared to demonstrate the social skills required to do well in the interview, In fact, I remember some of them ruefully telling me that they should have spent less time studying and more time working on their social skills. They would have gotten worse grades, but they probably would have gotten the job they wanted. In contrast, I know other people with, frankly, quite mediocre grades but who nevertheless got a slew of job good offers. They credit their interviewing, networking, and social skills for their success. </p>
<p>The truth is, companies don't really want simply'brilliant' people or high academic achievers. They may say they want that, but for the most part, they don't really want that. What they really want is somebody who is 'smart enough' but who can also work well with others and has the social skills to get things done. There is no value in knowing what the right answer is to a business problem if you don't have the social skills to be able to convince others that your answer is the right one.</p>