<p>I see a lot of this people on this forum who say that they want to go into ibanking and I think I may also want to. But, it seems unclear to me how good the job prospects are. About what percentage of those who want to go into ibanking actually do, and do they get jobs straight out of college? Are those at the top schools for business (ivies, MIT, UMich, UVA, NYU, etc.) pretty much guaranteed jobs in ibanking while its nearly impossible if you don't go to one of them?</p>
<p>depends which ibank you want to work out.</p>
<p>Search button prospects?</p>
<p>Honestly, there is no guarantee that if you go anywhere, you will or won't get a job. Harvard, UPenn (Wharton), Yale, Stanford, Sloan and Princeton place the best in banking, and to have a decent shot, you've got to at least get a 3.5 GPA. Stern, UChicago, McIntire and UTBHP places next best, IMO, and you've got to get a 3.7 to have a good shot. The other Ivies and such are near the 2nd "bracket". If you dont go to a target school, Its very tough to get into banking, if you don't have any connections into Wall Street. Its tough, but not impossible. The reason is because many of the Banks recruit at the Top Ivies and the Top Programs because they want the best and brightest students. </p>
<p>As for percentages getting into banking, its hard to say because there's really not a scale out there. If you go to Harvard/Wharton and have a 3.7+, a couple good eC's, and aren't socially inept, you should have a banking job. A 3.2 at Harvard/Penn wouldn't necessarily merit you an analyst position. </p>
<p>Think of it this way:: There are 10, 000 + kids who want the same job that you do, probably even more and there's less than 1, 000 jobs to give out. The big names all actively recruit at Harvard and Wharton, most of which will end up picking many of their new analysts from. </p>
<p>And Yes, fresh college grads do get these jobs. </p>
<p>IMO, if don't have the resourcefulness to find this information on your own, I really don't think IBanking is for you.</p>
<p>At the end of the day, the uni/GPA/ECs/CV gets u the interview. After that, ur on a somewhat same playing field as all other interviewees...so it all depends on ur impression in them...I'm at a top 5 target uni in england and basically Warwick, LSE, Imperial are 2nd "bracket" in the top 5 with Oxford and Cambridge at the top. From the people at the banks here, they say its comparable to WHYPSM and the 2nd bracket Ivies in the States. A bit more effort from the 2nd tier than the top few, but it at the end of the day, ur competing in terms of how u can express urself and if ur techinically and skill-wise capable. The grades/college just get ur foot in the door - the rest is on you personally.</p>
<p>"if don't have the resourcefulness to find this information on your own, I really don't think IBanking is for you."</p>
<p>makes sense.</p>
<p><strong>if you don't</strong> Sorry about that</p>
<p>when I said "makes sense" I wasnot talking about the spelling mistakes, it actually makes sense.</p>
<p>what about cornell AEM?</p>
<p>Cornell sucks, BusinessWeek just doesn't know what it's talking about.</p>
<p>mattistotle LOL</p>
<p>im sure businesweek doesn't know what its talking about...</p>
<p>you are so right!</p>
<p>BusinessWeek is a bit odd. Although it claims to be more career placement oriented it sometimes comes up with strange results - like saying that Emory's undergrad b-school outranks NYU Stern for undergrad.</p>
<p>haha cornell only sucks to harvard snobs and maybe others who see it as the backdoor to the Ivies.</p>
<p>a good amount of businessweek's rankings are student assessment. lots of people whine about nyu. people must be really happy at emory.</p>
<p>yeah, as deadly said, it's pretty much an assessment of student satisfaction</p>
<p>"The student survey counted for 30% of the final ranking, with the recruiter survey contributing 20%. Starting salaries and the MBA feeder school measure counted for 10% each. The academic quality measure contributed the remaining 30%."
-Businessweek Methodology</p>
<p>= Don't bash Emory for having content b-school undergrads.</p>
<p>some non-target, with a sub 1200 SAT score beat Stern, forget which one, but that really agitated me.</p>
<p>The way I see it, US News relies a bit too heavily on prestige, and BusinessWeek relies a bit too heavily on student satisfaction. Gotta take both rankings with a grain of salt.</p>
<p>I wouldn't take either ranking with a bottle of salt. If you want to know how much a school will help you get a job 1) check to see if its an ivy (its a stupid measure by all accounts, but the stupidity expands to recruiters) 2) See average SAT + HS GPA of students </p>
<p>You can look at average starting salaries too, but this can be misleading (some are finance heavy schools/some are accounting heavy/ some are marketing/ some prepare for grad school...so this can get tricky)</p>
<p>peer assessment survey (which is THIRTY PERCENT of these rankings) and even quality of professors(even though Stern gets high marks here) are really pointless. If you're a Germanic Literature major, you may go to learn; if you're a business major, you are going to make money. At any decent school, you'll learn more than enough to make it through the interviews, so professors, and most classes, are pretty pointless.</p>
<p>To add to matt's list, check how many IB's actively recruit at the school and the school's job placement statistics. </p>
<p>I think it would be interesting to see an undergrad business ranking that places the focus on job placement.</p>