<p>Well for i-banking, they'd more likely recruit economics and business majors than psych majors.</p>
<p>Janus...did Ivywannabe get into Harvard, Princeton, Yale? Because I highly doubt she would reject them for any scholarship from reading her comments if she did get in...</p>
<p>Isn't it ironic though. She dissed Rice like no other.</p>
<p>"Just goes to show--public school kids ROCK and not even the best private high schools can compete with the innate intelligence of public high school students who are middle-class."</p>
<p>Zip, amen. :)</p>
<p>Yes but you don't HAVE to be a finance or other business oriented major to work in a top i-bank. My cousin works at a top i-bank in New york city and two of her best friends are from MIT and john hopkins. The guy from MIT majored in biochemistry and the girl from john hopkins also majored in biochemistry. I've even heard of non-science majors like English work for top i-banks. They mainly care about what school you went to and your aptitude.</p>
<p>For example, if I was a psych. major from harvard vs. finance /accounting double major from university of texas, they'd still prefer the guy from Harvard. That's why I said, pure undergrad. science majors are useless UNLESS you get the degree from a top school.</p>
<p>"For example, if I was a psych. major from harvard vs. finance /accounting double major from university of texas, they'd still prefer the guy from Harvard. That's why I said, pure undergrad. science majors are useless UNLESS you get the degree from a top school."</p>
<p>That seriously sounds like a bunch of bull. Why the HECK would a top I-bank want to hire a psych. major if he'll need finance-related skills in his work? What did your cousin major in? And also, what kind of JOB does she have at this top i-bank?</p>
<p>My cousin is business major but many of her friends are pure science majors like biochem and chem. I already indicated in my prior post that her good friends from MIT and John Hopkins were both biochem. majors.</p>
<p>
[quote]
Why the HECK would a top I-bank want to hire a psych. major if he'll need finance-related skills in his work?
[/quote]
</p>
<p>It's the critical thinking that needs to be developed. You need to be able to collect and analyze data very efficiently. You don't have to be a finance major to develop your critical thinking abilities. Furthermore, i-banks prefer students from top schools because they (on average) show more promise and success then normal school students. Top schools train students better. This is how people with engineering majors, math majors, chem. majors, and sometimes even english/philo. majors get into i-banking. They demonstrate that critical thinking ability that is so necessary.</p>
<p>
[quote]
And also, what kind of JOB does she have at this top i-bank?
[/quote]
</p>
<p>I-bank stands for investment banking. Hence, she is an investment banker. Go to the business forums and you'll see tons of threads on i-banking and their job descriptions. If I have time, I'll give you a layman's description of exactly what i-banking is later. </p>
<p>In the meantime, you owe an apology to me for calling my last post "a bunch of bull". I don't think it would hurt for you to show me a little more courteosy and respect.</p>
<p>***courtesy</p>
<p>Put in a professional point of view, I-banking can be described like this. I copied and pasted this from someone who is very credible and reliable, his name is monydad. He freqents cc often:</p>
<p>
[quote]
Investment bankers do a lot of different things, but one thing they do is help companies access the capital markets, to borrow money (float bond issues) or to issue stock. Their familiarity with the market for a company's stock puts them in a position to analyze and assist with mergers and acquisitions, so they are in these businesses as well. [Note that the familiarity with the market for a company's stock is not something an i-banker automatically knows but rather something that the banker researches intensively. The final data analysis on that company comes from the i-banker's critical thinking ability rather than anything else; this means that an individual's major is nowhere as important as his /her ability to dissect and analyze data efficiently.]</p>
<p>There are definitely many people who are interested in the field for the money, but like in most fields the most sucessful people love the job and are made to do it. Many of the others wash out.</p>
<p>A successful investment banker must be very smart, quick on his/her feet. They must be persuasive salesmen. To get hired they frequently need to be not physically unattractive, and there must be something interesting or unique about them. Good social skills and able to hold an engaging conversation about various interesting things they've done. Good in sports helps, particularly golf and squash. Good written and oral presentation skills are quite important.</p>
<p>There is much to like about being an investment banker, besides the money. You are dealing with big issues in this field. Advising on the capital structure, and sometimes the very survival, of huge companies. Your work makes a huge impact. Things you work on may be in the newspapers.</p>
<p>The work can indeed be very tough. The hours can be toughest for the first 4-6 years or so. If you make it to where you're directing others, then frequently they will be the ones left till all hours to finish a proposal or whatever, and you can go home. But the hours are never good. Many find the work so all-consumingly interesting that this is not a big problem for them. Many others leave the field. Willingly or not.
[/quote]
</p>
<p>Here's a layman's point of view for investment banking. For all of you would couldn't understand the above post, this one will be more reader friendly. It was originally pasted by "untilted" and he is also very credible:</p>
<p>
[quote]
alright let me make this clear</p>
<p>u are some company, u need money, but u cant generate enough revenue through ur products. so where can u get $?
u call up all the big name investment banks, u r like, sup losers, I need $$, show me the $$!!!
investment banks will find people/corporation/companies with large amount of capitol, sometimes pension fund, hedge fund..., the ibankers will say, listen, *<strong><em>es, my investment bank (example: lizard) is never wrong, according to our analysis (which is a bunch of bull s</em></strong>), if you guys invest $ in that company, I assure you that you will benefit from it. The investors will be like, mmm, show me ur proof! ibanks will be like, here're all the test/analysis done by our associates and analysts, Please invest money!! PLeASE! so the investors get convinced and start to invest their money by buying bonds/stocks......
[/quote]
</p>
<p>This is probably the longest thread ever. I missed most of it. I did however notice that "hotivyleaguewannabe" denoted STATE schools as being ****ty. Thats awesome, because my school is not only below the UC system, but they call it "state". </p>
<p>I'm guessing you attend some little college prep school, most likely the only reason you made those varsity sports. Also you must be insecure about your looks hence your name. When you write an essay to the colleges you're applying, make sure to come off as not so concieded. Those are some impressive stats you have there. You will probably attend Harvard, or Yale, or someother concieded school and add to one of societies wonderful academics. </p>
<p>YOU ALMOST USED WHO'S WHO AS A HOOK!? DONT USE SCAMS AS HOOKS. AWARDS SHOULD NEVER BE A HOOK. I'm just saying this because my grades weren't so hot in high school, i had about a 3.1, yet i still somehow managed to get into UC Berekely for the winter term. Let me assure you it wasn't because of my grades, but i'm thinking my essays. TAKE note that NOTHING i wrote in my essays did i do just so i could write about it. Show them your personality and speak from the heart, what you're all about. They're seeknig to get to know you, not looking for some silly awards, they see your grades and SAT scores, all you have to do is win their hearts.</p>
<p>Saved: Ivywannabe is going to Rice anyway--who cares about her. She's going to melt down there.</p>
<p>She probably studied for the SATs for years--with no life.</p>
<p>Frankly I'm proud that I scored in the 1400s/1600 without studying- so scr*w her.</p>
<p>I think ivygirl was kinda tight</p>
<p>syke.</p>
<p>how can she be going to rice is she was a junior when this thread started?</p>
<p>Good Call Misterme. HotIvy was asking which schools she should apply to NEXT YEAR, and suddenly she got into UCLA, Berkeley, "couple of Ivies" and scholarship to Rice. She must have been in high demand to get accepted without applying, and that too, as a junior.
If she did go to Idyllwild in Californiia, as she herself said, why aren't her acceptances posted on the schools website?
<a href="http://www.idyllwildarts.org/html/academy/adm/a_adm_ca.html%5B/url%5D">http://www.idyllwildarts.org/html/academy/adm/a_adm_ca.html</a></p>
<p>Hmm. Don't ask me. Someone told me that she has a scholarship to Rice..but everything is probably a lie.</p>
<p>amypianist posted this:</p>
<p>
[quote]
No, she used to go to the same public school with me in Oregon for seven years before she moved halfway through high school. Please, chocoholic, keep your insults in check if you don't know for sure. Why would I lie about that online? She wasn't being completely forthcoming about her stats...but she is really smart. Kind of neurotic too. And furthermore, choco, I'm going to Harvard, where did you find I'm still in a public school in Oregon?
[/quote]
</p>
<p>Janus posted this:</p>
<p>
[quote]
I know amypianist (and actually went out with her for a while - long story) and she is who she says she is! Also, I was in several classes in common with her and Hotivy-whatever-the-rest-of-her-horrendously-long-name-is. All of that trolling matches up with her warped sense of humor, and she did always keep things like this going just a bit longer than they should. And, yes, she is going to Rice, mostly because of a more generous scholarship package.
[/quote]
</p>
<p>I thought these two posts confirmed ivygirl's integrity. Are we still arguing whether or not she's a fraud? I thought we were over this already.</p>
<p>Ivygirl sounds autistic. I know a Singaporean girl who writes posts a lot like her on another forum, though...</p>
<p>woah this things been on for too long. I'm betting the girls a real, stuck up rich kid only looking for something to make her look better than others. but thats my opinion. poor snoot was only looking for advice. tell her she is brilliant and send her on her prestige-seeking insecure little way.</p>
<p>you're ugly.</p>
<p>/thread</p>
<p>she would half to be a senior starting this year. period. so unless she graduated early or something, it cant be true!</p>