<p>Hi, CMC is my clear top choice and I want to major in Econ-Accounting with the Financial Economics Sequence. I aspire to be an investment banker and I know that CMC has great placement with such firms. However, I have no interest in living in the state of California after graduating (assuming I am admitted/attend CMC, I would love to live there for my college years). I also know that CMC would likely lead to a job with an investment bank in LA or SF. But I'd really rather not live in a state with no money run by liberals. </p>
<p>So, does anyone know about placement in places like NYC, Chicago, or Houston?</p>
<p>You are right - many bulge and boutique investment banks recruit on campus. Every year, the Financial Economics Institute of The Robert Day School at CMC sponsors a trip to Wall Street for approximately 20 to 25 students, mainly juniors. They meet with many of the investment banks, particularly with alumni of the school. They also interview with the banks and a fair number of the students land summer analyst internships in NYC. As a result, I believe there are students who will be working for RBC, Goldman Sachs, Deutsch Bank, Morgan Stanley in NYC. I also know of students who will be working at Lazard, Credit Suisse , Greenhill, Moelis and Houlihan Lokey in LA and SF. Because we have many alumni working in investment banking in NYC, I don’t think it would be too difficult to find jobs outside of Ca. By the way, the economics-accounting major is very well respected by the investment banks, because it is considered very advantageous to have a good understanding of accounting. The other thing I would recommend is to become a member of the student investment fund. Many of the students participating in the fund end up working in investment banking, asset management or private wealth. </p>
<p>If you are interested in consulting, all the prestigious consulting firms recruit on campus and quite a number of students do internships with Boston Consulting Group, McKinsey, Deloitte and Bain. If you think you may like consulting, you should join the student-run consulting group called SOURCE, which is sponsored by the Kravis Leadership Institute.</p>
<p>Also, don’t worry about who runs the state or the ongoing budgetary problems in Ca… If you land an internship or full-time offer from a bulge or prestigious boutique investment bank in SF or La, believe me it will not matter one bit. The banks are well-represented out here and the competition to get these jobs is fierce. There are many students from Ivy League schools who would love to work in Ca. at one of these investment banks.</p>
<p>Thanks for the detailed reply! I’ll definitely look into joining the student investment fund if I go to CMC. </p>
<p>And yeah maybe I’m over-worried about budgetary problems or whatever, I guess we’ll see how I feel/how the economy is in four years and whether I even get an IB offer.</p>
<p>I have lived in Ca for 22 years and I would be the first to admit that the state is a fiscal basket case. Yes, the state is run by a bunch of clowns, but in your case I don’t think it will have any real impact on you. On the positive side, we have great weather, beaches, mountains, national parks , desert, lakes and fun cities. If you end up working in investment banking in Ca., the problems here will not interfere with your life in any way that I can think of. Well, you may have to pay more taxes than Texas, but certainly no more than NYC.</p>
<p>Vinceh, I see what you mean, especially in Illinois where Pat Quinn has messed up big time. But I think Cuomo is committed to bring fiscal sanity to NY and I know that Texas, while it has a big deficit, is a great place to live individually (at least economically, obv NYC or Chicago or SF are funner than Dallas or Houston)</p>
<p>Ahhh, the optimism of youth. As someone who’s been voting for more decades than he cares to remember, let me share two bits of wisdom that I ignored when my father gave them to me. First, to save yourself future embarrassment, regardless of party affiliation (GOP, Dem or Tea) never, ever use the words “politician” and “fiscal sanity” in the same sentence. Second, do you know the best way to tell if a politician is lying? His/her lips are moving.</p>
<p>P.S. Before you trot off to NYC for your IB job, you might want to check out the tax burden of living/working in the City. Here’s hoping your head doesn’t explode.</p>
<p>I have also been voting for longer than I care to remember, and over the years I too have become fairly cynical about anything politicians generally promise the voters. However, I may be a bit little less cynical than the previous poster. For example, I still have hope that the governors of New Jersey, Indiana and Wisconsin are actually interested in fiscally sane policies despite the resistance of certain special interest groups.</p>
<p>That was my laugh for the day…probably the month, actually! My D is at CMC and I am going to pass your father’s advice along to her next time she calls.</p>
<p>Kp217, It occurred to me that you would also like CMC, because the school, in my opinion, has the best Government Dept. among all liberal arts schools in the USA. The department has an extraordinarily broad array of courses to choose from and the professors are uniformly excellent. Unlike most other schools, there are many distinguished conservative professors and you are exposed to many different viewpoints.</p>