<p>As some of you probably know, I'm transferring into The College of Arts & Science this fall as a 3rd year. I wanted to major in economics, but im having serious second thoughts. After more research and soul searching, I think going to the mcintire school of commerce and majoring in finance would be amazing! That would be my ultimate dream and I do not know if it is possible.</p>
<p>I also want to get an internship at a decent I-bank (ie - goldman sachs, moran stanley, et al). Obviously, I would love for this to turn into a career. Do a lot of non-comm school majors get into great banking internships and careers? Im just really worried that I made the wonrg decision when I applied to CLAS - I think I had a good shot at C-school. </p>
<p>Anyway, my two questions are:</p>
<p>1) Can I still apply for Mcintire school of commerce for this upcoming year? Have any of you encountered someone that has attempted this?</p>
<p>2) Do a lot of CLAS flks that want a career in finance get good I-banking internships and careers? I know that it has happened, but is it a consistent event?</p>
<p>and also,</p>
<p>3) Any tips in persuing this career and/or getting an intership?</p>
<p>Thanks a lot guys - yall are always helpful!</p>
<p>Not a top BB, unless you know someone or have a really good GPA over 3.7. A decent IB isn't Goldman Sachs, or Moran Stanley, those are amazing. You don't stand a change at Goldman Sachs from a College of Arts & Science. It looks like you will be taking the long road to Banking, Get you MBA and your CFA and you will do fine.</p>
<p>you can transfer to the comm school if you are willing to stay for an additional year, and you would have to take classes with kids a year younger than you. At least for 2nd years applying to the comm school its not too difficult. If you have above a 3.4 and decent extracurriculars you can get in. Im guessing since you are a transfer you have good grades, so do well your first semester at UVA and if you have completed the prereqs you can apply in January 09 and be admitted for fall 09 and graduate in spring 2011</p>
<p>uvagrad11,
you have me a bit worried (just in case I don't go to Mcintire next year) that I wont stand a chance in a great I-bank. However, I was looking at this "First Destinations" list that showed where a graduate from CLAS took their first job and about 30-45 of them went to amazing I-banks like Goldman Sachs, JP Morgan, Morgan Stanley, and Bear. So I think you may be a bit too pessimistic! </p>
<p>wishiwere,
I don't mind the age issue at all - im almost 22 anyway...so thats already there somewhat. The only problem would be to stay an extra year. That is an increase of ~16k for my college education (in-state). You seem very sure of yourself with those stats...so if I get over a 3.4 an have good extra curriculars, Il defeinitely be in? Does everyone else agree with that? cuz that would be awesome!</p>
<p>Its very possible to get a job with a BB, those 30 to 45 are standout kids who know someone or have a GPA at or above a 3.7. Getting a job at a bank now is very hard and over the next 2 to 3 years it will only get harder. You know that people who work in Ibanking work 80 to 100 hours a week and have more stress than god, are you sure you want to work in an industry like that?</p>
<p>When you say BB - do you mean Bulge Bracket? If not, clarify please. And yes, I know the industry pretty well and have heard about the workload. I would say to you: yes they work long hours, but 70-80 may be a bit exaggerated. I know with either Morgan Stanley or JP Morgan, that if you work over 60 hours a week you are placed in a "red zone" and told to cut back...they also give you the opportunity to speak with their family counselor's that are in-house. I forget exactly which bank that was, but one of the wall street ones. Also, on Goldman Sachs employee profiles I read that GS really does NOT want you to over do the hours you work. </p>
<p>Im not saying that a 70-80 hour work week does not happen, but after my research I can only say that there is a trend to decrease employee's work hours. I honestly would just love the work and would probably work a lot just out of excessive curiosity.</p>
<p>PS - the 30-45 amount is extremely conservative. Those names were popping up everywhere. Id say the amount was anywhere between 35 - 100 times. I didnt feel like counting.</p>
<p>there are no definites. If i were you and it was possible, I would stay on track with your Econ degree graduating in 2010 and apply to the commerce school. You would have to take Comm180 and Comm201 your first semester and then Comm202 for your 2nd semester. If you could take these along with the classes you need to graduate for your Econ degree that would be ideal. Comm201 is required for a financial economics degree so its not a total waste</p>
<p>Contrary to popular opinion here, I think you're fine with staying in the college. People who don't get into the Comm school stay in the College to pursue their econ degree, and they graduate to fine jobs. Just keep an eye out and make sure to go to the commerce career fairs, those are where the big companies will focus their people on. Also, if you want to do business, you can always consider the MS in commerce. That would also be another year of schooling but at least you'd be around people your age. How would it feel to still have to take undergrad classes when all your friends are gone?</p>
<p>UVAgrad I think you may be going slightly overboard. Getting a job at what bank is hard? Any bank? Not that hard. A top bank? Of course, but it's always going to be hard getting a job at any top company.</p>
<p>Yea - thats exactly what I think im going to do. Ive already created ym schedule for this upcoming year, and its most definitely possible. Ill eventually have a double major in Finance and Economics - so thats cool.</p>
<p>melli,</p>
<p>thanks for the input. I already have most of the career fairs marked on my calender.</p>
<p>collegehopeful,</p>
<p>I would say yes just from the many hours of research I've done, but I dont think any of us know from experience. So - most of this is speculative at best!</p>
<p>The Comm school is for peasants and NOVA public schoolers who don't know anyone that can give them a job. Study all you want, half the kids in banking will have no respect and got a job from a relative because they all graduated with was a 3.4 studying history.
Most of the Comm school just gets stuck middle class making just over six figures.</p>
<p>Getting stuck being middle class with just over six figures? Gee, that sounds like a fate worse than death. Who could live on that pittance? And people wonder where UVA students get their reputation.</p>
<p>What you earn matters some. What you keep to save and invest matters a whole lot more.</p>
<p>Spend less; save more. Regardless of your income after graduation you’ll never go wrong if you choose to follow that simple financial advice.</p>
<p>Hopefully someone at the University is still encouraging UVa students to do this. No matter what you major in or the school you graduate from, it’s a prescription for future financial success.</p>
<p>I apologize if that sounds too “preachy”. From your comments, however, I suspect I'm preaching to the choir. Amen!</p>
<p>If I can make a bit over 6 figures(150k would be nice) while working a 40 hour work week I would be happy. But this doesn't really happen in business? At least not in IB.</p>
<p>My point is that probably 15 kids (in the university) go to big banks, everybody knows every single person getting into a big BB or PE firm. McIntire is good if you don't know what you want to do and want to be guaranteed a relatively easy major and steady employment upon graduation. Why else would so many clueless kids apply to McIntire?</p>
<p>Or.. because we have excellent career services that will help you if you want to be employed by one of the top dogs in your field of interest. Or that the third year ICE actually teaches you a thing or two about teamwork and your own group work style. Or that you can't exactly major in accounting, international business, finance, management, marketing and information technology in the College. Or that the blocks are sponsored by companies whose special projects you get to work on. Or that there are a lot of comm school specific events that students at other schools would never be privy to. Or that you could participate in national competitions (as our marketing team did last semester and won our regionals) and gain experience there that you would never be able to gain elsewhere. Or... I could go on and on. =)</p>
<p>MVA - you are so wrong about that "15 kids go to big banks". dude, like 100 alone from the College get into the best wall street banks/firms (mostly econ majors). That isn't including the Mcintire group which gets into more per capita for obvious reasons. Just look at the "first destinations" sheet on the website.</p>
<p>I'm not really too interested in salary - I didnt base the decision off of that. I'm sure I'll get by at whatever I do. But I am leaning toward spending an extra year at Uva and trying to get into Mcintire.</p>
<p>Does anyone know what percentage of the students applying to C-school get accepted? I know the average GPa is like 3.5. I just dont want to plan on doing this and get completely burned.</p>