<p>is it easy to get a job at an investment bank at Washington University?</p>
<p>i don't know about easy, but i can tell you that my brother's girlfriend works at goldman sachs now, and she went to wash u... and got a job right after college, too.</p>
<p>This is just a shameless attempt at flaunting my school, but...</p>
<p>If you want I-Banking, Wharton at the University of Pennsylvania is the place for you. About half the class goes into financial services and about 80 % of that is I-banking.</p>
<p>Seriously, the competition is intense, but if you want it, Wharton is the golden path to the guilded doors of any investment bank.</p>
<p>We all know that wharton is probably the best...this thread is about WashU and how easy it is to get a job in I Banking, NOT upenn.</p>
<p>I'm sorry if you took offense to my post. I was just posting in case the guy didn't know.</p>
<p>Personally I would never want to do IB. It's way too intense of a life-style. 120 hours a week? for 50K? Not worth it. Plus, your whole salary goes towards New York rent. You get to keep enough to have coffee in the morning, if you're lucky.</p>
<p>Wharton- I don't know the difference between I Banking and IB, but I can tell you that my brother works for Goldman Sachs in NYC and makes over 10x more than 50k a year, and he's only 27... and he works from 6:30-5:30 monday - friday, so that's a max of 55 hours a week... (he went to Georgetown for business school, FYI) </p>
<p>Wharton is obviously an amazing business school, but Wash U is not far behind...</p>
<p>By IB I meant I Banking. And you're right, there are many people working at investment banks who are doing extremely well for themselves there. When I mentioned the 50K, I was talking about the starting salary. </p>
<p>It goes up very quickly from there, and you can be making well into 6 figures in a few years. From the sound of things, your brother has been working at goldman for a while. At 27, that gives him 5-6 years of time there (assuming no MBA). Depending on what department he works in, it's quite understandible that he makes as much as you said. </p>
<p>I would be curious, though, about how much he made in stating salary, and what type of I-banking he does. Does he deal with merger or is he a private equity kind of guy? It's all relative. People who set up mergers get a oercentage of each merger they set up, and with multi-million dollar mergers every year, they can do amazingly well. </p>
<p>Congrats to your bro, and good luck to you too.</p>
<p>Wharton- haha I actually don't know what he does exactly... all I know is that he is a trader, which I think is different then an investment banker... like he trades stocks. He's in charge of Google and eBay. I'm not sure what his starting salary was. I can tell you that his salary now though is in the 6 figures, but not very high... it's the bonus that is incredible... like last year his bonus was 3x his salary. And he has an assistant who is older than him, how weird is that? But you're right, he never got an MBA- they said he didn't need one.</p>
<p>i think traders might make a percentage based on how much theyve made for the company through trading, and the work hours are that low mainly because after the market closes at 4 they just discuss strategies and so on. and since google went public last year, he coulda made a bundle on that, which would have added to his bonus, but getting a tradin job at goldman is extremely tough, so props to ur bro</p>
<p>my brother goes to WashU , he's a senior there.. he has a job with Goldman Sachs now. so yeah... WashU is pretty good...then again so is any other school if ur willing to work for it (and my brother was pretty damn smart :D ) . im currently at Duke and many seniors iv spoken to have told me that Duke is amazing for I banking recruits because we get the best of the southern banks (wachovia etc) and the northern banks..
you know one day... i might be working for Goldman Sachs as well.... <em>crosses fingers</em></p>