NYU alum discussing school/admissions

<p>Dcfa, Mattistotle:</p>

<p>Investment banking is a very challenging and rewarding field. I got into straight after college...through on campus recruiting at NYU. All the top Wall St. firms recruit at NYU, being in what is considered along with Columbia to be Manhattan's top school always helps for this. </p>

<p>The pay in finance is great, but the hours can also be long and unpredictable. </p>

<p>There is no specific education required for i-banking, so it doesn't matter what you majored in. I was in CAS, and my major was in no way related to finance...I never even took a finance class in college. Plenty of CAS and Gallatin grads work on Wall St. alongside their Stern buddies, so what one studied in college is not the issue. To get an i-banking job, by far the most important thing is showing strong quantitative ability and a having firm grasp of business concepts (i.e. read the Wall St. Journal or The Economist, be familiar with financial concepts, understand the financial implications (aka profit/loss) of business deals, in other words follow the money). Important skills required in investment banking are being analytical, thinking creatively outside the box, being able to work in teams, and being a fast learner. </p>

<p>I'm sure you guys will learn a lot more about the field once you are in college.</p>

<p>so should i go into finance or economics?</p>

<p>whats the approximate pay ill start out making on wall street?</p>

<p>(im going to have alot of college loans so i gotta know lol)</p>

<p>o ya also, how long is the essay suppose to do be, I can't find max/min world count anywhere.</p>

<p>What are they looking for in the essay</p>

<p>Like I said, your major really doesn't matter as long you have a firm grasp of financial concepts and the type of analytical mind investment banks look for (much more true for people in CAS than Stern...Stern students better have a firm grasp of financial concepts...its a B school for God's sake). Most people in Stern have finance as one of their majors (thus you might want to double in econ or have a liberal arts minor...which I-banks do tend to like, being well rounded is always good), but majors really aren't important in getting an investment banking job. </p>

<p>The pay depends on the type of firm and where you work. NY tends to pay more than other cities such as SF and Chi-town. Larger firms usually pay more than smaller ones, then again you tend to work more hrs. at larger firms (I started out at a larger firm, but now work at a smaller one). With all this, when you factor in bonues (or lack thereof), what one can make in investment banking first year out of college probably ranges from 30-75K. </p>

<p>I'm sure NYU career services will help you out with these things tremendously if you end up attending.</p>

<p>you can live on 30k a year? lol</p>

<p>Not in NY (NY firms pay more than that, you'll be closer to 75K than 30 at most bulge bracket NY firms), but you'll be surprised how far that takes you in other parts of the country. </p>

<p>Anyway, for people one year out of college, I-banking salaries are a lot more that what most other fields pay...so if you're worrying about loans or making lotsa moohlah after NYU, Wall St. is the way to go.</p>

<p>hopefully i'll meet some rich kid in college and just work for his fathers company or something lol</p>

<p>HA...Well thats always a possibility, NYU does have a very wealthy student body.</p>

<p>Dear jwblue,</p>

<p>Would writing an essay related to business be beneficial to stern admissions? or, would a non-business essay be ok? For example, one of the essay questions is about "your most influential experience." I own a small business, but I wouldn't call it my most influential experience.</p>

<p>Thank you again</p>

<p>does being from long island help my admission since its close to the city?</p>

<p>what is your small business? alot of people consider hobbies as small business and colleges will laugh at that: making websites, lawnmowing and babysitting are not businesses, yet everyone tries to pass it off in college as one</p>

<p>mattistotle,
i've heard that it's harder for people living in or near NYC to get into NYU...but thats just what I've heard.</p>

<p>nyer03,
you could talk about your most influential thing in that essay and then write about your business in another one...like the sunday afternoon one</p>

<p>33% of people in nyu are from the tristate area, or something big like that, so how could it be hurtful?</p>

<p>i have no idea what to write for the sunday afternoon one</p>

<p>yes, it is true my company is primarily on the internet. however, we do not design websites or do any of those other things. Furthermore, i employee a couple of people. so, i am thinking about writing about the "management" skills in learned. lol</p>

<p>when u say employee do u mean have your friends do stuff for you? or actually employment with a payroll and w-2's</p>

<p>i would think that since there are so many people applying from the tristate area it is more competitive</p>

<p>it thought instate was always easier than out of state</p>

<p>gay, their economics link at nyu sterns majors brings u to the CAS depart of economics, what gives?</p>

<p>how easy is it to change majors?</p>

<p>what does it matter if the employees are my friends or not? anyways, to answer your question, they were not my friends prior to their employment. Yes, they are on the "payroll".</p>

<p>good question, mattistotle. I would also like to know how easy it is to change a major?</p>

<p>Hello. I was wondering about my extracurricular situation. I will be applying to Tisch's drama department next year and as far as extracurricular goes I'm heavily involved in all the school productions and I have been branching out into community productions as well. This does not, however, gain me any leadership positions which I know colleges look favorably upon. Any suggestions on what I can do to remedy this situation?</p>