This Ibanking prestige thing need to come to an end....

<p>Honestly if this was 1950 and only the elite rich went to Harvard, I could understand. Ibank firms figured that student at Harvard or Penn knew some very wealthy people that needed money invested...Today, this isn't the case.Generally unless you are donating a few million, wealth isn't going to get you in to Harvard anymore. In my opinion LOCATION is the biggest factor.</p>

<p>then what would be their rationing factor</p>

<p>they are already overloaded with sufficient applicants</p>

<p>I'll say this again wall street is really a rich kids club. While the rich could easily entered without distress others must fight their way through and only a handful will make it all the way towards millions (and a few billions) with upscale positions.</p>

<p>What the hell is the OP talking about? This struck me as incredibly incoherent.</p>

<p>Majayiduke09,</p>

<p>I have no idea. Maybe the OP believes that IBs recruit at Harvard etc. because they think that the students have rich acquaintances, i.e. potential clients?</p>

<p>^^^
Exactly.</p>

<p>kmzizzle, How about GPA,Internships,Interview?</p>

<p>Ibanks recruit at many schools aside from Harvard. If you are the top student at Stern (NYU) you can expect much better job offers than a student in the 75% percentile of Harvard (assuming the stern guy has better ECs and WE to go with his top gpa).</p>

<p>
[quote]
Ibanks recruit at many schools aside from Harvard. If you are the top student at Stern (NYU) you can expect much better job offers than a student in the 75% percentile of Harvard (assuming the stern guy has better ECs and WE to go with his top gpa).

[/quote]
</p>

<p>From my experience, I would not agree with this. It may be equal at that point, but would not say better.</p>

<p>no gellino, he's definitely right. 75th percentile means there's what, 400 kids better than you. assuming 1/5th of those are interested in business, thats still 80 people. I go to a school of roughly equal caliber to stern, and i can say that the top person out of our class can get offers from places like blackstone, goldman tmt, morgan stanley m+a, etc. While the number there is certainly more than the one or two from our school, there are not 80 harvard people with these offers.</p>

<p>Have you people been living in a cave?</p>

<p>Forget the 'prestige' bit, many iBankers need to worry if they even have a job come Monday morning. Bear imploded, Lehman is filing for bankruptcy and will begin liquidation tomorrow morning, M Lynch is looking like it's going to be taken over by B of A... wake up people! ;-)</p>

<p>thank you rocketman. who cares abt all this prestige stuff. the ibanking world is going down the toilet fast</p>

<p>Well, pure plays in IB are apparently on the out, curious as to how it ends up.</p>

<p>Hey Tri, due to this ****ty economy and the fall of AIG & the big 5, your wish may come true!!!</p>