<p>I know the stereotype is that everyone wants to get a wall street job right away, but do some kids go to grad school right afterwards? I was unsure of the whether or not the curve would lower the gpa's too much.</p>
<p>Most MBA programs will look more at your work experience and GMAT scores than at your GPA, so working before grad school is pretty much a prerequisite.</p>
<p>Which is why law schools are better than mba's since they look at your gpa and lsat as pretty much the entire decision.</p>
<p>Why would you go to business school if you wanted to be a lawyer or any grad program for that matter... MBA will require 3-5 years of work experience</p>
<p>in case you can't cut it in the real world...</p>
<p>Actually, I know people who did med school / law school right after graduating from Stern. A business background IS useful for a lot of things, you know.. one of the profs at Stern got a BA, MBA, and JD from Harvard and he told me that law schools actually like business school students because half their graduates end up being corporate lawyers anyway.</p>
<p>But yeah, most Stern grads don't go to grad school right after.</p>
<p>Yea, they don't go to grad school because they're looking at 140-160K first year out if you include the bonuses.</p>
<p>140k to 160k? stop being ridiculous.. it's difficult to get even 100k including bonuses right after undergrad</p>
<p>clubbiscuit</p>
<p>No its not. Investment banking you are more or less GUARANTEED to make at least 120k after bonuses, as long as the economy doesn't get much worse. Other areas of finance will also generally put you over 100k you're first year, such as S&T, research, investment management, some consulting jobs, etc. Basically any job at a bulge bracket bank will get you to around 100k all-in, investment banking or similar can bring you closer to 150k...Whether you want to work 90+ hours a week is a different story...</p>
<p>What about back office work...what do they get paid?</p>
<p>question: whenever i read about stern students making so much money, i hear about them going into investment banking and making $120k+/year....so why is it that when ive been looking up the highest paying jobs, this is never in the top lists. i ALWAYS see marketing managment, as one of the highest paying jobs, why is investment banking never on this list? yet i always here people make $120k with this job.</p>
<p>what is the highest paying job you can get with a stern degree?</p>
<p>Those lists don't include bonuses. I-banking is by far the highest paid job you can get right out of college, except maybe some consulting positions or prop trading at some hedge fund once you're done with training.</p>
<p>Although these figures of 150kish for the average sternie is ridic. Usually at a BB you'll get a base pay of 50-60ish then a bonus based on your department and performance.</p>
<p>the base salaries are relatively low, but it's the bonuses that are where the money is at. The bonuses can be anywhere from 50%-100% of how much your base salary is, and the more experience you get, the bigger the percentage of your total compensation your bonus is.</p>
<p>Yah that's my point, at max you're going to be expecting low 100g and that's only if you're an ibanker putting in 80-100hrs a week and most people at BB aren't ibankers.</p>
<p>Well in terms of stern, most of the positions people are applying to are for investment banking. The student from the local state school applying to a BB, on the other hand, probably won't be applying for an ib position, or most likely won't get it anyways.</p>
<p>Most of the positions sternies apply to are accounting positions at the big 4.</p>
<p>What is all these "mosts" people are throwing around? I'll believe "most Stern graduates" are doing something when I see hard numbers proving it!</p>
<p>Ok, so I was being a little facetious (although I can prove that the number of NYU undergrads in finance outnumber those in accounting by 6x!), but seriously, unless you all have graduated from Stern and know everyone's salaries in your graduating class, there's no point to this argument. The survey from NYU's career office [<a href="http://www.nyu.edu/careerdevelopment//survey/2007/fulltime.php%5D%5B/url">http://www.nyu.edu/careerdevelopment//survey/2007/fulltime.php][/url</a>] show that the base salary for Stern undergrads is 55-60k, depending on how you want to look at it. Yes, this excludes bonuses, but you have to understand that bonuses are discretionary. </p>
<p>Yeah, sure, when times are good, you might be getting a 100%+ bonus... but when times are bad (ie, uh, now), don't count on it (I've definitely heard some stories...) Your overall expected return for your first year probably doesn't net out to 150k. </p>
<p>But in any case, getting back to the original poster's question - most Stern grads who do get a job right after graduation do so because 1) they want to get an MBA and that kind of requires work experience; 2) they don't want to go to grad school at all; or 3) they figure they can always go to grad school later (at least, the law school or PhD sort), so why not try out the degree they've already spent 4 years getting?</p>
<p>I'm in the last group, btw.</p>