<p><strong><em>Please only people that have experience in the area</em></strong>.</p>
<p>How many percent of the students that send there applications to Big Ibanks in New York actually end up landing a Ibank job?Is it very very small amount?Also if you send your resume to multiple firms how likely would it be you would land a job then? He is the applicant stats. </p>
<p>Rutgers-School of Business- Honors College
3.79 GPA
Double major Accouning/Finance
(Ibanks recruits at multiple of Rutger's Career day)</p>
<p>Career fair recruiting is GENERALLY (not always) for back office. Its the on-campus interviews and pre info sessions that set in motion the front office ibanking/trading analyst jobs. It generally looks hard to get in from non target schools, but its been done. Ive never heard of someone getting an interview through online apps without on campus interview submissions, but its possible. The people I meet on the final rd interviews have all been from target schools, they include NYU, Columbia, UT-Austin, Harvard, UPenn, Princeton, Dartmouth, UVA, Cornell, UChicago, Northwestern, MIT, etc etc. Havent met any from Rutgers, but some firms dont really come to NYU (Morgan Stanley only comes to pick off a few bankers, no trading, Deutsche doesnt come for front office at all. ALmost all others come from banking and trading) so who knows. Ask your career center. Goldman always touts their application amounts. 40,000 online apps. I'm sure most are shooting for ibanking, FICC, equities or GSAM. Here a better way to get it. The bulge brackets trading (joint equity and fixed income) analyst class sizes this year are about 80 people. The ibanking sizes are about 100 (more or less). The main feeder schools (leaving out some other obvious choices) are mentioned above. My cousin was recruiting for her trading desk at NYU and said she got 500 applications for 5 pre select slots. Its competative. Just do whatever you can. Your SAT score matters too and your work experience/EC involvement is also quite important. ALmost anyone making it to final rds had a packed resume. THere are always a few that slip by though (sons and daughters of MDs etc). Use any connections you have if possible. I used 2 to get interviews, not ashamed (neither materialized into offers interestingly enough) its easier to get places on your own merit.</p>
<p>How important is your SAT score? - and for that matter, WHY is it important?</p>
<p>For example:
I came into CMU with relatively low SAT scores, yet now I have a 4.0 GPA majoring in Electrical/Computer Engineering with a minor in Computational Finance. I don't see how SAT scores have any relevance at all.... sure, they may show if people are "intelligent" or not; but that's in high school. PLUS, a bad test day or unknown factors could skew results. I think the fact that SATs are still counted in job recruitment is ridiculous.</p>
<p>dude, if you have a 4.0 in EE/CS at CMU no ones gonna give a **** about your SAT score. its when you have 1000 business majors applying. guess what, you dont learn anything in undie business! its a differentiating factor too. not to mention most kids dont get their act together and bounce back from a 1200 to stellar students like that. but kudos, ive actually never heard of anyone pulling off a 4.0 in EE at top engineering program. you musta worked your ass off. I think SAT, LSAT, GRE, and GMAT are valid ways to look at peoples basic abilities and ambitions. If you scored sub 650 on math or even sub 700 (maybe?) I would doubt ones ability to price a volatility swap or judge it to be in the right ballpark. I mean, should someone get a job cuz they volunteered at a soup kitchen? no, its a good deed, but its irrelevant. But its a factor in looking at someones background and the kind of person they are. I think knowing someones SAT if it was low and then seeing a 4.0 in an intensive major is actually great, it shows a great improvement in ambition and maturity. Oh, if someone had a badday, why not retake it? I think the usual reason is that many kids are smart but just dont care too much in high school and thus screw off alot of classes and tests, but at times start finding a niche, etc. No one gets a job for an SAT score either, it just helps validate 2 senior bankers interviewing a student out of a pool of 500 similar students from the same school.</p>
<p>Yeah, I figured as much about undergraduate business; thats why I'm doing Engineering. The reason I did not retake my SATs is because I simply did not think it would matter anymore down the line.... I had a bad test day and didn't think it was worth it to retake it.</p>