Investment Banking

<p>I need some advice about Berkeley.</p>

<p>How often do Berkeley undergrads move into investment banking in either SF or NYC?</p>

<p>What majors are they typically in?</p>

<p>Thanks in advance (trying to weigh what schools to apply to -- sorry if the question seems improper or out of place).</p>

<p>did you major in either of these?</p>

<p><a href=“https://career.berkeley.edu/Major/Econ.stm[/url]”>https://career.berkeley.edu/Major/Econ.stm&lt;/a&gt;
<a href=“https://career.berkeley.edu/Major/BusAd.stm[/url]”>https://career.berkeley.edu/Major/BusAd.stm&lt;/a&gt;&lt;/p&gt;

<p>theres your answer, in that case. if not, i dunno. sorry bud</p>

<p>A high percentage of Haas ungrads go into ibanking in SF. But, I don’t think the numbers are as high as ivy leagues and such. Also, it’s usually very rare for anyone in Berkeley to get into Wall Street, however. </p>

<p>Undergrads not in Haas have a harder time breaking into ibanking but it’s not impossible.</p>

<p>I would say that Berkeley and Stanford have the best ibanking placement on the West Coast. If you want Wall Street, you should look at other schools.</p>

<p>More than half of Haas and Econ grads go to banking and finance jobs, so I’d say the prospects for Haas and Econ grads getting into banking are very good. However, the vast majority of them are in SF; only a few of them are in NY. From the list I’ve got, only 31 names of recent grads are now in WS, mostly invited by Goldman Sachs and McKinsey for Full-time jobs, as opposed to over 380 names in the West coast, mostly in SF. (McKinsey is management consulting firm.) There are also quite a few who are now is the Midwest and in international locations such as London, Frankfurt, Paris, Madrid, Mexico, Toronto, Hong Kong, Tokyo, Shanghai, Singapore, Manila and Seoul.</p>

<p>The 2009 survey here
<a href=“https://career.berkeley.edu/Haas/HaasEmploymentReports2009.pdf[/url]”>https://career.berkeley.edu/Haas/HaasEmploymentReports2009.pdf&lt;/a&gt;
paints a fairly grim picture even for Haas grads.
Less than 30% got in banking(the lucrative kinds) and consulting.
In general, getting into “banking” is difficult. Ditto for top tier consulting.</p>

<p>Berkeley is a great feeder for IB / PE. I had classmates who got Front Office positions at Goldman Sachs & Morgan Stanley.</p>

<p>My advice, if thats what you’re gunning for, if you do decide to go to Berkeley:</p>

<p>1) Major in either math/econ/bus, double-majors encourages / rewarded, but don’t do it at the expense of grades, graduate 3.8+ cum laude.</p>

<p>2) Take proper coursework in finance / accounting / investments. Show that you’re up to par. Also, take the harder math courses. You can get through bus majors with easy math substitutes, it is not looked well on.</p>

<p>3) Get Microsoft Certified in Excel. Oh yeah, what did you think first year analysts do?</p>