The school you go to matters a lot, atleast for internships:

College Majors Business Major
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Interns on Wall Street are paid the weekly salary of a first-year analyst, who typically makes $55,000 to $60,000 a year. Amaranth says its compensation is competitive with Wall Street and with other hedge funds.</p>

<p>On top of the pay, Amaranth’s interns are given a living stipend and transportation from their university to one of Amaranth’s offices, in Greenwich, London, Toronto or Singapore.</p>

<p>Both hedge funds and Wall Street firms say they focus their recruitment efforts on the leading schools and look for students with strong academic records. Ms. Baker said Amaranth was most interested in students of applied math at Harvard or engineering at Stanford.</p>

<p>Recruiting activity on campus from Wall Street firms, hedge funds and consulting firms has increased significantly over the last five years, according to Ms. Hoffa at Amherst College.

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<p>From NY Times <a href="http://dealbook.blogs.nytimes.com/?p=2171%5B/url%5D"&gt;http://dealbook.blogs.nytimes.com/?p=2171&lt;/a&gt;&lt;/p>

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<p>This is no new news for anyone. However, the outlying question that many of us wonder is the school that we go for undergraduate significantly matter where we end up?</p>