<p>ibanking is investment banking - you make pitchbooks for companies..basically try to sell companies. Its an intense job. On the Morgan Stanley website theres a little trailer that shows a slice of an ibanking guy's job. You eat at your desk...stay at your work till wee ours in the morning. For the first few years its INTENSE from what I've heard.</p>
<p>Well im really into the stock market. Like last year, i had an assignment where i was given $10,000 (fake of course) and i had to buy an equal amount of stocks from 3 companies. Over a two week period, i accumulated $400. This was the thing that first got me interested. I then began to read upon this subject, i read 5 books total last summer. So now i for sure know this is what i want to major in and maybe do for the rest of my life. To me, that ibanking thing sounds pretty fun.</p>
<p>hopeful4cornell, the top finance programs are way out of range for tripperian, and he never expressed any interest in investment banking, i banking is not the only thing you can do with a finance major. Finance majors become bankers, attorneys, actuaries, institutional fundraisers, mangers, stock brockers, etc. or maybe he want to go onto graduate school.</p>
<p>Also, Lehman Brothers does recruit at Northeastern, RIT, and Fordham.
Morgan Stanley recruits from Bentley, Villanova, Fordham, Syracuse, & Babson.</p>
<p>So he will not be limited at any of these business schools, if he ever does ponder about investment banking. But at this point, I haven't heard a thing about him wanting to go into investment banking.</p>
<p>True..finance has so many fields within itself. You should leave that till when you are actually in college for you to decide on your own. People only know ibanking for its $, but there are other fields out there just as good..just not as talked about. I'm sure any school you go to will be sufficient as long as you are successful. Make sure to shoot for an internship to put your foot through the door (what I'm going to do). Once you have an internship you can make connections and most likely hook up with the same firm post graduate because they know who you are. So finding a school in a good location would be a good option.</p>
<p>Originally, i wasnt trying to decide on what i want to do once i get a finance degree. My original post was just asking about good finance programs that i could get into with my stats. And because of you guys, i found some good ones that are in my range. But Im definitely going to reach to higher schools. There is a scholarship in our school handbook that gives out a four year full-ride to NYU, Cornell, Northwestern, Yale, Princeton, Dartmouth, MIT, or U of Penn. All you have to do is apply to three of them and get accepted into one, and the scholarship is yours. Even though these schools are crazy crazy reaches for me, i will without a doubt be applying for this scholarship. But if it doesnt work out, everything happens for a reason.</p>
<p>And thanks for your guys' posts, very helpful.</p>
<p>Ok, going back a few posts, university of washington is very competitive for out of state.
Northeastern isnt a normal university, do your research, its not for everyone
U conn is not highly recruite, but you have an advantage by being close to nyc, use it, make connections, intern, work, do what you need to do
Bentley and babson, great business schools, each have their own specialties such as entrupeneurship etc etc, but "i hear" they are full of stuck up rich kids</p>
<p>I say Wisconsin is your best option. More and more students are graduating over there and heading into the finance field. I have talked to a few students that graduated last year that are trying to become the recruits for banc of america securities for Wisconsin. Starting salaries are great, there is an investment club that has contacts to all previous members that were given a job in the finance field. There is a madison business club (dont remember to much about this found out more later). Your stats should get you into this school most probably, maintain a 3.6 or higher and you should have a good choice for finance related jobs. If you get into ucla or ucsd and want to stay on the west coast go there. There a many mutual fund companies and pretty much every bulge bracket firm has an office out there with lots of boutiques. Research companies such as capital group and pimco, morgan stanley, banc of america securities, find out what i bankers do, what is private equity, maybe listen to some cnbc or other biz broadcasts (really they can be interesting) to give you some ideas.</p>
<p>I guess thats my best option, to try and get into UCSD, and do the best that i can in my econ/finance major.</p>
<p>Thanks for your post.</p>
<p>South Pasdena, what crude and over-simplified judgments...
[QUOTE]
"Northeastern isnt a normal university, do your research, its not for everyone..."
[/QUOTE]
</p>
<p>What is that supposed to mean? What wrong with Northeastern? It's an excellent school. This is coming from the guy that just put in an out-of-state plug for one the biggest party schools in the country? I could make similar statements about nearly every school in the country. If that's what we wanted, we be over at studentsreview.com. </p>
<p>
[QUOTE]
Bentley and babson, great business schools, each have their own specialties such as entrupeneurship etc etc, but "i hear" they are full of stuck up rich kids.
[/QUOTE]
What wonderful way to passs judgement on two great business schools. I live right by one of them, if the students were that "stuck up", don't you think I would have told him? If you don't have true knowledge or any real insight to contribute, then please keep it to yourself.</p>
<p>I could easily pass judgement on Wisconsin, since what the genreral public might recognize this school for is being on CNN * NBC for cheating their football players through courses and exams. That's the only information I could give you about UW-Madison, but that's no reason to pass judgement-->if you don't know the school, you don't know the school, so keep quiet.</p>
<p>tripperian35, I would atleast consider some of the schools I listed. Select some and apply, consider all your options and make that final decision when you have all of them set in front of you.</p>
<p>I wouldn't assume UCSD is your best bet, for instance, you'll find a wealth more recruiting, career, and internship oppurtunities at Fordham University in New York City, and it is a much better finance program, top business schools, and all of your majorer investment & retail banks recruit there. Take a look at some of them.</p>
<p>I would definitely consider the schools you are talking about cre8tive1, but a real big concern of mine is money. It would be mucho dinero to go to a top finance school in new york compared to a semi-local school that still has a good econ/finance program.</p>
<p>Um, big name universities generally have excellent financial aid. The reason why you apply is to have multiple financial aid packest to compare and see which school is really the best value in the long run. Princeton and Amherst, for instance, both cost over $40,000 a year, but they offer the best financial aid in the country. Amherst grads actually will often graduate with less debt than UMass Amherst grads, even though the public tuition is much smaller. Why? Grants baby, Amherst College has grants galour!</p>
<p>Oh nice to know. So if i apply, and get in, would they then tell me about financial aid packets? Or can we find out exact (or close to) costs before hand.</p>
<p>Excuse me, :slaps himself on the face:</p>
<p>Okay, now I'm back...
when you file all your financial aid forms in February, after you send in your applications. Your Expected Family Contribution (EFC) will have been determined. Each college you apply to will take that figure and determine your need. Generally:</p>
<p>Cost of Attendance Less Outside Resources Less EFC = *Need *</p>
<p>Each school will then try to create the best financial packet they can to accomidate your need. When you are accepted in April, each school will send you a financial aid package, you then have a month to compare the packets, determine which school, ultimately is the best value to you, time and money wise. And then you make your decision.</p>
<p>Yahoo Education has a large database of college financial aid data here:
<a href="http://education.yahoo.com/college/essentials/%5B/url%5D">http://education.yahoo.com/college/essentials/</a></p>
<p>WHat is best though is to familiarize your self with Financial Aid at each of the institutions you are applying to.</p>
<p>For University of California: San Diego...</p>
<p>Estimate Comphrehensive Fee is $20,745 a year:</p>
<p>Financial Aid
Of all full-time matriculated undergraduates who enrolled in 2001,: 11,839 applied for aid, 9,648 were judged to have need, 4,741 had their need fully met. 4,983 Federal Work-Study jobs (averaging $1894)
In 2001,: 640 non-need-based awards were made
Average percent of need met: 87%
Average financial aid package: $12,420
Average need-based loan: $4761
Average need-based gift aid: $8137
Average non-need-based aid: $5875 </p>
<h2>Average indebtedness upon graduation: $14,535 </h2>
<p>For Princeton...
Estimated Comprehensive Fee is $40,213 a year:</p>
<p>Financial Aid
Of all full-time matriculated undergraduates who enrolled in 2003,: 2,508 applied for aid, 2,269 were judged to have need, 2,269 had their need fully met. 830 Federal Work-Study jobs (averaging $1335). 840 state and other part-time jobs (averaging $1140)
Average percent of need met: 100%
Average financial aid package: $25,369
Average need-based gift aid: $24,032
Average indebtedness upon graduation: $8050</p>
<p>
[QUOTE]
The biggest mistake senior make in the college process is juding schools by big sticker numbers, prices, and stats. Wait till you get those financial aid packets to see which school really will give you the most money.
[/QUOTE]
</p>
<p>note that nearly all of Princeton's financial aid was in grants (money you don't have to pay back, whoot! :D) and the rest was in work-study (generally on campus jobs). </p>
<p>Now if you note UC:San Diego's package, about $5,000 a year of the average financial aid package was coming in the form of loans, money that you do have to pay back, which is where most of the debt comes from.</p>
<p>So just wait and see what happens, but don't let tose sticker prices ool you, Princeton is not an arm a leg, if you are good enough to get into an elite school like Princeton, they want to make you will go and that you can afford it. Remember, they picked you!</p>
<p>Thats crazy, I never knew it worked like that. Is the $14,000 under UCSD the average amount you have to pay back a year? or the all together amount after graduation?</p>
<p>Oops, Im stupid, it says 'upon graduation'. Never mind then. Thanks for your replys cre8tive1.</p>
<p>If you dont know my exact meaning when i say something creative, ask, dont assume. Northeastern is a hands on school, kind of like a polytechnic university, but not just with learning, you work, co-op positions galore. I never said it is bad, it is different than a normal university, is it not? So please calm down</p>
<p>and you obviously read my post, i said i heard they are full of stuck up rich kids. Notice the part where i said "i heard" calm down some more. this are things that i have heard from students attending those schools and it is not the typical college experience, so it is a fore warning</p>
<p>You want to continue on with wisconsin, are we talking about cheating with fball players no, that has nothing to do with what he needs to know, so dont bring it up. You gave him schools that have recruits, HOORAY. UCSD is a great option possibly not the best, but one of the best he could get into, they do get lots of recruits for mutual fund and bond companies in the local area. They have great science and math, a decent writing program, well known philisophy programs, etc etc. He doesnt even know much about finance, ucsd has so many great programs that if he was ever to change his mind, he would still have many more options available. I dont want to be rude, but think and dont be dumb, dont be so "offended" because you are ignorant and think i am putting down schools that are close to you. </p>
<p>If you really wanna know your best bet for finance, go community for 2 years, have a 3.8 or higher and transfer to Haas biz school at berkley.</p>
<p>if you would be dead set on going to the east coast, look ar baruch, not fordham, they have over 330 recruiting companies, they cost $8,000 a year, if you care about rankings, i believe they are 21st for finance. Only thing is you must provide your own housing, which isnt so bad. But really, your gonna eventually get your mba if you stick in this field, only a lucky few go on without one. Stick with a UC, save your money get good grades and prepare to get into a good graduate school.</p>
<p>Tripperian, I am not sure why nobody has mentioned it yet, but Indiana University-Bloomington is a great B school (top 10 at the undergraduate level), in a great university (top 25 state university in the nation), in a great campus (in my opinion, one of the most gorgeous and lively campuses in the country), in a great college town. Check it out. </p>
<p>Also check out Ohio State and Penn State.</p>
<p>Alright I'll look into them. Thanks for your posts southpasdena and Alexandre.</p>
<p>Southpasdena, realize how seriously every word you say is taken. What you're saying uninsightful and very unarticulated as you made clear in you backlash post to me.</p>
<p>The whole stick with a UC save your money thing, and saying don't go to this school or that school does not help at all. I can prove to you right now a number of business schools that will be cheaper for him to attend than UCSB because of the better financial aid, do not blow money out of preportion.</p>
<p>Also give him options, do not take them away. Our words are their first impression of the school. Giving unexplained statements like that are immediate turn offs, and as many can already tell you, bad first impression often eliminate schools off lists for good.</p>
<p>Their's also nothing wrong with him looking at Fordham, Baruch is not that far superior in finance. Brauch also has mediocre financial aid, meeting on average about 60% of estimated need. So actually, schools such as Princeton actually come out cheaper, as I explained.</p>
<p>Alexandre, do you think he could get into Smeal (Penn State)?</p>