<p>Hello..
I was accepted ED to Stern for fall05. and I have been thinking if that wasn't the wisest move that i made... now days i feel like i should have applied to school like northwestern or duke instead...i wanna know how good stern's reputation is in real world. i mean.. is there a lot of alumni in I-banking field? say.. is it easy to find stern graduates in J.P Morgan, or Goldman Sache and stuff??
What do you think about stern's reputation? also, i know that reaching out only for the reputation is not the wisest thing, however, i am just deadly curious about my future school's rep. and does anybody know stern's breakdown SAT average for 2005 admission?</p>
<p>"is there a lot of alumni in I-banking field?" </p>
<p>-Wall st. is right in NYU's backyard. Think about this question for a minute. The answer is pretty obvious.</p>
<p>"is it easy to find stern graduates in J.P Morgan, or Goldman Sache and stuff??"</p>
<p>-It's never easy to get a job at Goldman Sachs or JP Morgan no matter what school you come out (HYP included), you'll have to go through many rounds of interviews. You'll need a combination of good grades and EC's, good personality, and a firm grasp of financial concepts. I've done i-banking at a bulge bracket firm, trust me, sometime's it's a huge crap shoot in landing one of these positions. If you've got the ability and the drive it shouldn't be a problem though. </p>
<p>In any case, it'll probably be easier a NYU Stern finance major to land a sweet analyst position than someone from Northwestern...there is no question there. </p>
<p>The '05 admission numbers aren't released yet.</p>
<p>go to the business major section of CC and ask machras the same question, he'll be able to give you a better answer than most people</p>
<p>that kid is a 10th grader
but very smart</p>
<p>"You'll need a combination of good grades and EC's, good personality, and a firm grasp of financial concepts"</p>
<p>'Good personality'- lol. This is hilarious. all ibanks want is someone who can mindlessly work 100 hrs a week. Few people in society would say ibankers possess a 'good personality.' You also forgot to mention that connections are more important than all the factors you listed/</p>
<p>nyu is definitely one of the most reputable schools for business. i have heard that it is actually the biggest feeder into goldman sachs. u made the right decision. northwestern is far below stern on the list of top business schools. stern is no.4 i believe</p>
<p>my father works for goldman sachs and I remember earlier on (when I was accepted to NYU) that one of their recruiters said that NYU is considered really prestigious</p>
<p>"'Good personality'- lol. This is hilarious. all ibanks want is someone who can mindlessly work 100 hrs a week."</p>
<p>This is very simple, if you're going to be working a 100 hours a week with someone, they might as well be someone you can have a beer with. A good personality and mindlessly working 100 hours a week are not mutually exclusive. Of course, this is not to say that all i-bankers have a good personality, but the original question was only about what it takes to get a job, not the traits displayed everyday by people who work in the industry. </p>
<p>"Few people in society would say ibankers possess a 'good personality.'"</p>
<p>Being a former banker, I completely agree; however the fact remains that someone who doesn't interview well is not going to do well in the recruiting process. To get through many rounds of interviews, I think it's fair to say some semblance of a good personality has to be exhibited somewhere along the way. </p>
<p>"You also forgot to mention that connections are more important than all the factors you listed/"</p>
<p>There are very few areas in life that this statement isn't true. It all depends on what your connections are. Knowing some standard associate or even vp isn't going to get you much, if your uncle is the CFO of Goldman or a big client of theirs, that's a different story.</p>
<p>BRWNEYES87,</p>
<p>NU is "far below Stern on the list of top business school"???? If you are talking about undergrad, NU doesn't have an undergrad program in business and of course it won't be on the list! LOL! If you are talking about MBA, Kelloggs has always been ranked higher than Stern. Either way, you seem pretty misinformed.</p>
<p>"I think it's fair to say some semblance of a good personality"</p>
<p>I think it's more that you possess what they want rather than a good personality. Maybe you mean a good personality fit, instead.</p>
<p>Is i-banking really 100 hours a week or was that just a hyperbole, thats 14 hours a day, 7 days a week...</p>
<p>"Is i-banking really 100 hours a week or was that just a hyperbole, thats 14 hours a day, 7 days a week..."</p>
<p>Yes and can be more. the 115 hr workweek is not uncommon at all. expect to work 7 days a week 10 hrs a day at least if you go into it.</p>
<p>how can u work that much,even if u just use your home to sleep and shower, you get only 6 hours a nite, and no free time, thats insane, and impossible to do without getting sick.</p>
<p>well thats why only an idiot would go into ibanking.</p>
<p>it cant be that much work anyways, jwblue always has time to post here lol</p>
<p>Stern has an amazing reputation within New York. JP Morgan, Goldman Sachs, Lehman Bros., Citigroup, Deutsche Bank, and other financial firms do a lot of recruiting within Stern, because they know that Stern students are tailored to fit their needs and already know the city well.</p>
<p>The firms above also do tons of presentations and networking events at Stern -- a good way to show your interest early on and to establish connection. Those firms are, of course, extremely busy, so they conduct these events because Stern has been good to them in the past, and they expect the same or better in the future.</p>
<p>As for ibanking, it really is no joke. Work like a dog until you burn out (in 5 years or so). There may be plenty of exaggerations, but a 100 to 115 hour work week is hardly one of them.</p>
<p>id burn out in 5 days</p>
<p>jwblue is this realy true i dont see how you could even find enough time to eat and sleep, besides buying grocerys,paying bills, get your taxes and all that kinda stuff done</p>
<p>I haven't been here in a while (and no, it's not b/c I was busy in i-banking, I used to be a banker and work at a hedge fund these days)...since I was on vacation. </p>
<p>Yes, the hours in i-banking are long. Now 100 hours a week is not average (70 or 80, depending on the firm and what you do, is more realistic), but let there be no doubt, there will be times were one will work this much. The amount of work depends on deal flow, sometimes you'll live at the office, other times the hours will be surprisingly reasonable, but note that this IS NOT a 9-5 job. If you can't stomach long hours, don't even try to go into investment banking. </p>
<p>If you become an i-banking analyst after college, the hours will be long, sometimes the work will be mindless at the level you start off in, so you're all probably asking, why do the job at all? Well, here are the pros:</p>
<p>-relatively speaking for others of the same age, the paycheck is nice--how many 21/22 year olds make $70K (after bonus)..the only fields I can think of are prop. trading and mgmt. consulting. Hedge funds, PE and VC firms pay great as well, but these are much harder to break into right after college than i-banking is. </p>
<p>-an analyst job provides a good foundation for other areas of business and finance</p>
<p>-you'll get some great high level exposure at a young age...eg in the job search, you'll have a leg up if your former MD is starting a VC fund and needs fresh talent, or your former fortune 1000 CEO client needs people on the board for his company's subsidiary. </p>
<p>All in all, this type of job is not for everyone, and hence, you'll have to weigh many things before diving into the field.</p>
<p>Stern does have a lot of Alumni on Wall St. The fact that it is in the city helps a lot. As far as reputation goes, Stern's has been increasing over the years (especially at the undergrad level). </p>
<p>As other people have mentioend, if you want to go into investment banking, it really just depends on the person. The recruiters just want smart and driven people. So if you can excel and standout, then you should be ok. I will note that the Goldman recruiter told me that last summer, NYU had the second most number of interns. However, if you're talking strictly IBD/corporate finance, only two people got fulltime offers and only one person got a summer offer from Goldman. However, like other people have mentioned, it all comes down to the person.</p>
<p>I'm not sure about the incoming freshman class, but for last year the SAT average was 1412.</p>