<p>confidential, what about SImon School of Business, you say if its top 10 , 20 you should be fine..hows about Simon School of University of Rochester..23 via usnews :) any chance?</p>
<p>"Undergrad business doesn't teach you anything(beyond intro classes) that you would actually apply in the real world unless ur an entrepeneur."</p>
<p>Hahaha. You should read "The Running of the Bulls" to get a sense of how far ahead you are if you do undergrad business. Those upper-level classes especially go a loooong way.</p>
<p>From what I heard, any other undergrad schools than Wharton doesnt teach students about practical tactics that you can apply in the real world (i.e. ibank). Although ibanks may have a preference in what students major in, the range of getting recruited varies from the farthest thing from finance and business to double major in finance and economics.</p>
<p>Hmmm.. Anything you need to do as an ibanking analyst you will learn in the 3 month training session. and engineers do very well too.</p>
<p>Fx: While it's true that you won't learn how to do create a pitchbook and other practical ibank "tactics" Wharton does give you a huge boost compared to people from other school that have never studied business. The training for ibanks before you begin usually just teach the new analyst class basic finance, acct, etc. as well as some ibanking tactics. Most of my friends that are doing ibanking say that they were allowed to skip the training and were just taught on the job how to create a pitchbook and do the other ibanking tactics that are not taught at wharton. The advantage, for wharton students however, is that they will be able to do much more in depth analyses as compared to their non-wharton counterparts. Think about it, if someone asks a harvard english major whose only learned 3months of basic finance to do an analysis it will probably be get done but if you ask a wharton grad they will be able to do the same analysis in much more depth as their knowledge of finance is probably 10x greater than the harvard guy's. This is why many times wharton guys, not only get recruited, but also given better projects than non-whartonites. Many times the MDs, Directors, etc will pass over the other guys and give the whartonites much more interesting and advanced work.</p>
<p>Bern said it very well. Sure, lots of people from different backgrounds get recruited to work at ibanks, but who does better once they are there? If you are a finance concentration in Wharton you will have learned infinitely more about ibanking than anyone else in your analyst class. You won't need to go through the training, or you will find it redundant, while other students from non-business backgrounds have to pay attention and take notes. You know more than your peers and have more experience with finance, so you work faster, get more responsibility, get promoted faster, etc.</p>
<p>You can always do another kind of degree and start training absolutely clueless and learn it all in the 3 months. I'm just saying you aren't coming in on an equal level b/c you simply don't have as much knowledge (unless you've managed to get an ibanking internship).</p>
<p>Is there a training program for i-banking internships, or is it all on-the-job?</p>
<p>there is a short program at most firms 1-2 weeks.</p>
<p>i thought we were excluding wharton in our discussion.. we all know that for ibanking that is THE top choice. outside of wharton, or the real world for most people, its different. </p>
<p>Many wharton kids actually skip the training program as u mentioned.. but thats the only school where that happens.. i am talkiing about other schools as wharton is not the only school that sends a good amount of people(i didnt say great.. i know wharton is way more than others)... cornell, harvard, princeton, etc have a respectabe amount of grads who pursue ibanking.. also interests at these schools are more diverse than ur traditional wharton student(or UPenn for that matter, where ppl will sign up for SEAS hoping to transfer to wharton).</p>
<p>Is there any data that shows various universities' acceptance rates to i-banking? I know that in terms of sheer number, Penn sends the most, but there are more students who are interested in the field at that school due to Wharton. I'd like to know how well various schools feed compared to how many students apply for i-banking jobs.</p>
<p>Numbers can lie and they will in this case. First of all, how many students does the college have? Second of all, and more importantly, how many people are interested in ibanking? For example, at Cornell you'll find many engineers and AEM majors who want to go into ibanking. Many Cornell engineers don't want to become full time engineers and like the prospect of engineering(Cornell is pretty strong feeder). The only problem is, there will be a lot of competition within Cornell because many kids would like to. CMU on the other hand, a lot less students want to go into ibanking as most the engineers want to go into engineering as a profession and many of the business students are interested in more technical jobs(IT). But if you were interested in ibanking at CMU there would be a lot less competition to get into ibanking. So would some one choose Cornell or CMU for ibanking? It's tough to say, because at one school competition is much tougher, and one school the school wouldn't have as much reputation with ibanking(ibanks probably hire cmu students more for it analysts etc). So at the end of the day, go where you want to, work hard, and if you seek enough information, communicate with enough people, get good grades, and are genuinely interested I think you can go into ibanking.</p>
<p>Confidential: the numbers I'm asking for will not lie. The numbers that lie are the ones that simply state how many students from a particular school are recruited to certain i-banks. The number from Penn is often inflated because of the sheer number of Wharton finance concentrators who want to go into i-banking. Because of the reasons you mentioned, I want to know if there are any figures that show how many students from various universities apply for i-banking jobs, and how many are accepted. It would be even cooler if the numbers were broken down by major; it'd be interesting to see how well business majors do vs. engineering vs. econ, etc. That would give a much more accurate representation of a school's strength in preparing students for i-banking jobs.</p>
<p>schools(majors) that have the best quantitative programs(whether it be finance, engineering, etc) tend to have best success at ibanking acceptances. wharton, cornell, chicago, etc.</p>
<p>anyways, you know whats really cool and what you should do if you want to go higher up in ibanking. Traditional people do MBA right.. even better is a masters in quantitative/computational finance aka financial engineering. that will score u a lot of $$</p>
<p>bern: i think you misunderstood what i said. I said other undergrad schools than WHARTON don't teach practical tactics meaning that Wharton does (shouldve said "undergrad schools other than Wharton don't teach practical tactics"). Sorry for not stating my opinion clearly enough.</p>
<p>I can't speak for other schools, but Stern's curriculum is very similar to Wharton's in almost every respect (noticeable differences include wharton's management 100 class, foreign language requirement, and Stern's Global Business Experience program). So unless you know the curriculum at all b-schools, it's an incorrect statement to say "no b-schools besides wharton teach anything practical." While it's true Wharton will give you the best education and the best resources (recruiters and connections), it's not the only one.</p>
<p>sorry my bad I just miss read it...i was kind of skimming.</p>