<p>I see. My fault. I recollected the base salary but wasn't too sure about the bonus. </p>
<p>But hey, 13,000 has got alot of room to plunge in the coming days...
I wonder if they can still keep up these crazy salaries.</p>
<p>some of you might find this useful:
<a href="http://career.berkeley.edu/Major/2006SalaryReport.pdf%5B/url%5D">http://career.berkeley.edu/Major/2006SalaryReport.pdf</a>
statistics on salaries of Haas class of 2006 graduates by industry category.</p>
<p>Under investment banking, the mean is lower than the median, which would be odd if there really were many 150k salaries, because those data points would skew the data right and make the median lower than the mean. </p>
<p>I'm not denying that these huge salaries exist, but a whole lot of kids are in for a lot of disappointment if they really expect to get them just by going to Haas.</p>
<p>edit: But Haas's recruiting is supposedly getting better each year, so if you want to bank on that, go for it. I am not a reliable source.</p>
<p>dhh, why do you keep on posting the top salaries for those types of positions? It's not like I don't believe you when you say analysts can make that kind of money...I know they can, just not fresh college grads. All those articles that you posted all talk about people who have been working at those companies for quite some time, they are not fresh college grads. I read the Goldman article, and yes it is very impressive... but do you know how many haas grads can actually get a job there? They take the top of the top Haas students.</p>
<p>walnut -- when the market crashes, end of year bonuses will plummet.</p>
<p>nuveen -- those figures look dead on, but the report doesn't include end of the year bonus. </p>
<p>colin387 -- yes, I realize that not everyone is making 180 or 150, however, just about everyone is breaking six figures. Yes, I realize how hard it is to get GS -- I interviewed with them alongside a bunch of Haas kids. Also, you didn't read the articles too well</p>
<p>"The analysts' sources are admittedly dubious, but the buzz is consistent. The most prevalent Wall Street whispers, as passed around in (what else?) an Excel spreadsheet: Goldman Sachs and Merrill Lynch lead the pack with top-bucket bonuses of $110,000 for first year analysts, $130,000 for second years, and $155,000 for third years. Bear Stearns, Citigroup, J.P. Morgan Chase, and Morgan Stanley fill out the middle, ranging by tenure from $100,000 to $145,000. Piper Jaffray and Wachovia bring up the rear with a paltry $90,000 to $130,000 in analyst bonus offerings."</p>
<p>Honestly, I don't know why any of you care to argue with me. Maybe you should take a second to learn something you previously weren't acquainted with. This information is by no means hidden. Last year, salaries were 60k, sign on was 10, and end of the year bonus was 60,70, or 80. So, even if you get the 60k bonus, your total comp is still 130k. </p>
<p>I'm not gonna argue this anymore.</p>
<p>Nuveen thank you so much for that website, and people please argue more, its helping me decide if I should choose Haas or UCLA bus econ</p>
<p>All I'm saying is not to go and tell people something along the lines of "Oh don't worry once you graduate haas you will have no problem finding these 100k jobs". Because that simply is not true. Do they exist? Yes they do... but only a handful. The majority of haas students won't be making anything near 100k the first year they come out. That was my only point.</p>
<p>colin387 -- Yes, I realize that. Did you even read my first post?</p>
<p>"To the people that doubt six figures, have you heard of investment banking? Top first year analysts are going to get 180k first year total compensation this year. **Of course, not everyone at Haas goes into investment banking, and not every analyst from Haas will be top tier/bucket. **However, everyone at a bulge bracket investment bank is breaking six figures easily in this market."</p>
<p>dhh, you're right, I forgot about the end of the year bonus. Given your experience, do you know how base salaries are distributed/if their distribution is very significant in the banking world?</p>
<p>PrinceAkbar, I've been playing the devil's advocate here, but all else equal, Haas is probably the better bet in terms of career opportunities, and no one here is really debating that. In certain industries, like accounting, your prospects probably won't depend on where you go, but in general, I think that Haas is a little more elite.
If you are picky about what kind of environment you want to be in, all else won't be equal, and you're best off consulting all of the UCLA vs. Cal general threads, visiting each campus, etc.</p>
<p>nuveen -- base salaries are typically the same across the board for the "bulge bracket" (bb) firms. Right now, this is generally $60k. Sign on bonus is typically $10k. End of the year depends on how well you did. If they really don't like you, they will low ball you so you leave. Otherwise, there are three buckets. Last year the buckets were 60,70, and 80. 80 is reserved for the top 10-20%. Other factors like region and group come into play as well. The numbers aren't out entirely for this year. These numbers will drop if the market cools.</p>
<p>here's my take the on the whole thing about haas vs. ucla.</p>
<p>haas to competitive?</p>
<p>think of it as training for the real cutt throat world of business.</p>
<p>getting a higher gpa at ucla will be better than a lower gpa at berkeley when looking for a job?</p>
<p>these top firms are paying top dollar to the top recruiters to get the top students. i'm sure with all the money these guys are getting paid, they'll look beyond just gpa. because a lower gpa, but a better education is a lot better than a high gpa for a lower education. that's why you see 4.0 getting rejected, and 3.7's getting in, because it's a lot more than gpa.</p>
<p>so, after looking all those who got accepted/rejected, what does it take to get into haas?</p>
<p>=P</p>
<p>is haas really all that good? seriously ive been thinking about going econ now, but seeing all u applicants, i feel like i want to compete with the fall 08 haas applicants. I know that i will have more chance getting into cal as econ major, but the main reason for me majoring in econ is to get a broader and more versatile L&S major (and i love econ). I just hope that I wouldn't have problem finding jobs out of college as econ majors.</p>
<p>with few exceptions, your major doesn't matter that much. for jobs that really require a lot of knowledge, there is a significant training component. e.g. investment banks generally train their analysts for about two months straight out of college... the best thing to do is look at what people are doing to get into the career you are interested in.</p>
<p>also, think about all the ivy's that don't even have business degrees... most of those kids do econ...</p>
<p>edit: sorry, i forgot to mention (but you could figure it out from my above posts) that i personally would do haas over econ at ucb, but it really depends on a lot of variables (there is no blanket solution)</p>
<p>what are those few exceptions?</p>
<p>engineering & pre-med are two that pop to mind. obviously, if you want to do a graduate degree, your major matters</p>
<p>let's say you want to do finance, consulting, accounting, or industry, then econ is perfectly fine</p>
<p>is it true that econ at berkeley is more rigorous than haas?</p>
<p>ya my sister majored at econ at berkeley and knew students who went to haas. She said that econ was much more difficult and the ppl who went to haas agreed with her</p>