<p>Ross is a great school but so is the engineering school. I want to major in Mechanical engineering because I like the math and science involved in engineering and I want to keep my options open so professional jobs whether I-banking, consulting, manufacturing etc. Finance through Ross is more limiting and not as broad. I've already set my foot down on going to the engineering school over Ross. How hard is it to get a banking job from the engineering school if you have a high GPA, good EC's and decent connections</p>
<p>For investment banking specifically, it’ll be your connections that do it for you. So if your connections can come through for you, then you’ll have it. If not, your chances are pretty damn low. </p>
<p>Other jobs in finance are definitely available though.</p>
<p>A lot of banks recruit at the engineering career fairs. And many engineers go into finance or consulting after graduating, especially the IOE grads. </p>
<p>Theres a dual degree program if you want to do Business and Engineering. And I think theres a new business minor starting.</p>
<p>Why do you want to do banking btw, if you don’t mind me asking? MechE and Finance having nothing in common.</p>
<p>Check out IOE.</p>
<p>I actually know someone who did ME at Michigan and went on to work for an investment bank. I think he had a ton of connections though. Banks hire engineers even though engineering isn’t really related to banking since they pay close attention to quantitative details and are use to working hard. </p>
<p>If you want to do engineering but want a job in finance or consulting I would suggest looking into EGL.</p>
<p>^^ most engineers from UM that work for IBs don’t actually go into IB positions. A lot end up doing things like ops.</p>
<p>All of this i banking, consulting, etc stuff seems really popular on CC. It seems like that’s why many go into engineering, usually IOE.</p>
<p>Are they all just out for the money? I have a feeling it is a lot more selective than they think, either by qualifications or who you (or daddy) know.</p>
<p>Yes, it is possible. I was actually BME undergrad and landed a job at a top hedge fund out of school (long story lol - but yes, I had to hustle outside of school. The advantage is, you will be more prepared than 99% of your peers who were liberal arts or econ majors).</p>
<p>Obviously its competitive but if you have a 3.8+ GPA (Top 5%) when the average is a 2.9, then I think its a very realistic possibility.</p>
<p>Seems like there are a handful of UM Engineers who are I-Bankers on LinkedIN without their MBA. Not sure if it was due to their connections, but it even says on most applications at Goldman, JP Morgan, Citi that they hire from all types of majors</p>
<p>You don’t need a 3.8 in engineering to get an i-banking job. A 3.5 in engineering is high enough - it is more about your connections. </p>
<p>Many banks hire engineers especially for quant roles. They are definitely in banks - they just have a harder trip in. </p>
<p>Yeah ThisIsMichigan, I agree there is a lot of hype for banking/consulting. I think money is a large factor, but prestige/b-school placement is important too.</p>
<p>Unless you’re very well connected, the chances aren’t great. Here’s an excerpt from an interview taken from a professor analyzing the how prestige-oriented IB is:</p>
<p>
</p>
<p>[Brown</a> and Cornell Are Second Tier - Percolator - The Chronicle of Higher Education](<a href=“http://chronicle.com/blogs/percolator/brown-and-cornell-are-second-tier/27565]Brown”>http://chronicle.com/blogs/percolator/brown-and-cornell-are-second-tier/27565)</p>
<p>You might have a much easier time getting into IB from ross than the CoE.</p>
<p>^ Although there may be some truth to that article, it isn’t like landing a job in ibanking from Dartmouth or MIT or Cornell is insanely difficult… That article makes it seem like if you aren’t in Harvard, there’s no point trying. Not true.</p>
<p>Actually Pat, while the article is slightly tongue-in-cheek, it is nevertheless quite accurate. Most students at top universities who land jobs in IBanks do so thanks to their connections. Those students could have landed those jobs attending second rate schools. One’s university will seldom open doors to highly sought Wall Street jobs. Harvard, Princeton, Yale, MIT and Stanford will open doors to non-connected students in large numbers. But at schools like Brown, Chicago, Cornell, Michigan (LSA, COE), Northwestern, Penn (CAS) etc…, the competition is immense, and the number of unconnected students placed relative to the number who apply is insignificant. Wharton, and to a less extend Ross and Stern do very well, but that is a function of their aggressive career offices.</p>
<p>I’m just surprised its so popular on CC. But then again I guess I shouldn’t be, it fits perfectly for the average CC kid.</p>
<p>Well I have a connection to land an internship after my sophomore year at a mid sized investment bank like Jefferies. Once I have experience under my belt, how hard will it be to move over to a better bank like JP Morgan or Citi for my junior year internship?</p>
<p>You’re just gonna have a tough time not in Ross for larger banks because they come into Ross to interview and pretty much only give out on campus interviews to Ross kids. You wouldn’t have access to Ross recruiting so you’d really have to be a master networker to have a chance. Ross recruits very well into IB, better than they do for consulting.</p>
<p>Be careful what you wish for. </p>
<p>Moritz Erhardt was an exchange student from Germany studying at the University of Michigan and was interning at the Bank of America in London when he died after reportedly working 72 hours in a row. </p>
<p>One former investment banker confirmed that interns could regularly work 14 hour days. Interns can regularly clock up to 100 or even 110 hours a week, but people are fully aware that banking is hard work. Students felt they had to stay all night to be offered a job. </p>
<p>Every intern’s worst nightmare is what’s called ‘the Magic Roundabout’ – which is when you get a taxi to drive you home at 7am and then it waits for you while you shower and change and then takes you back to the office.</p>
<p>Another commenter said his time in a banking internship was “the worst three months of his life.” </p>
<p>[Bank</a> of America intern, 21, dies ‘after working until 6am three days in a row’ at London offices - Home News - UK - The Independent](<a href=“Slavery in the City: Death of 21-year-old intern Moritz Erhardt at Merrill Lynch sparks furore over long hours and macho culture at banks | The Independent | The Independent”>Slavery in the City: Death of 21-year-old intern Moritz Erhardt at Merrill Lynch sparks furore over long hours and macho culture at banks | The Independent | The Independent)</p>
<p>Money Money Money Moooonneeeyyyy</p>
<p>MMMOOOOONNNNNNAAAAAAYYYYYY</p>
<p>Whatever happened to just being an engineer and wanting to work for Intel?</p>
<p>Moritz was also a foreign exchange student who studied at Ross. Very sad news.</p>