<p>UMICH is a target if you're in the business school, nothing is you're in the normal school. The term semi-target is pretty pointless though. If there's an on campus recruiting for a firm, you're a target for that company. Look and see which S&T divisions recruit at your school (keep in mind, if they only recruit IBD division, you can probably get S&T, and vice versa, just make sure the company is there and divisions are about equal difficulity to get into...aka this really doesnt apply if there's operations recruiting at your school and you want IBD)</p>
<p>Haller - if you want to work west coast, USC is good...however generally the best jobs are situated in the Manhattan office, which I can assure you there is many more Umich than USC'ers (I'm in Stern so I don't particularly care about this battle, but don't mislead the readers)</p>
<p>Theres an east coast bias, better jobs are not necessarily in the east. You can do the SAME job in the west in a much better environment.</p>
<p>There is no misleading going on here, you are misleading saying its New York and that is it, not true, the west has San Francisco and Los Angeles, and Seattle and Silicon Valley for HIGH paying tech companies.</p>
<p>Lastly, I'd argue that equal number of people that go to USC and Mich end up in New York because of the fact Mich is a state school. People will stay in the region.</p>
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UMICH is a target if you're in the business school, nothing is you're in the normal school. The term semi-target is pretty pointless though. If there's an on campus recruiting for a firm, you're a target for that company.
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<p>all BBs plus other firms such as drw trading recruit at the UMich engineering school, so by that definition it's a target</p>
<p>highballer> No USC does not come close to "own"ing Mich in recruiting. The OP asks about trading. For banking (IBD+trading) and consulting, Michigan is a target school and places significantly better than USC. Even in the west coal LA BB shops (the ones with groups considered on par with the east coast offices), USC doesn't have very good recruitment with most guys coming from Stanford, Berk or from non-west schools.</p>
<p>And no its not an east coast bias. Only a handful of BB west coast offices are considered "better" or even "on par" to the NYC office. The OP asks about trading (banking, consulting) and not tech (and even then its debatable).</p>
<p>Disclaimer: Not a mich student, didn't apply.</p>
<p>I might be narrow minded but you are an idiot. The OP doesn't post about "other industries". The OP cares about trading and happens to also mention banking and consulting. Thus, logically (you may find this difficult to comprehend), I tailored my responses to the query.</p>
<p>hallerbigballer look at USC's recent recruitment report. USC is pathetic if they didnt have a tight alumni network the best they could place into is the big4.</p>
<p>hahaha. You, buddy, are a toolbag. Judging by your skills to carry on a normal debate (conversation really) without making cheap shots, I can imagine the amount of poon you score. I guess whatever you go after back where you are from like moronic behavior huh?</p>
<p>And yea, I probably am more knowledgeable than you about most subjects. I would bet on it.</p>
<p>USC should not even be uttered in the same breath as Michigan when it comes recruitment for BB S&T and IBD recruiting.</p>
<p>When you consider the renowned BB offices on the West Coast, such as CS LA & UBS LA, they are dominated by the likes of Stanford and Berkeley, the former moreso.</p>
<p>hallerbigballer: Seeing as I've actually done my research, know HR at various firms, and have actually worked as a SA at a Bulge Bracket firm, I think I am more qualified to speak than the likes of you.</p>
<p>Its wrong to generalize the entire sector. There are people out there making money hand over fists at the moment. Trading is incredibly broad so what might be good for one sector is great for another one. For example, the distressed debt guys are getting excited about all the opportunities present in the market now. Even in the sector you hint at (ABS) smart players are building up their expertise to take advantage of any bargains that may be available in that area. Great opportunities do not exist when things are calm.</p>
<p>Exactly, right now may be tough for people trying to sell CMOs and other structured securities (there really isn't even a market), and if the markets keep trending downward equity trading would decrease, but on the other hand FX Trading will probably stay constant and maybe commodity trading would increase. It really all depends, because within trading is a whole lot of products to be traded that aren't necessarily dependent on each other (not to say that they don't affect each other however)</p>
<p>people made loads of money on the savings and loan crisis in the 80's, i am sure people will make money on this. AND globalization, for example most large tech companies have 50% of the customers abroad in Europe and Asia.</p>
<p>southpasdena, I don't understand what the last part of your sentence even means. "And globalization?" </p>
<p>Equities in Dallas, since I don't think anyone explained is, is indeed a reference to Liars Poker. What it means, however, is that there is nothing in Dallas. Hence, not prestigious, vis-a-visa to NYC. However, given the year that Liar's Poker was written, there are opporunities there. Then again, there are opportunities everywhere, if you know where to look.</p>
<p>mahras2 is certainly right (when isn't he?), there are loads of people making money off of this. The extreme volatility, which CNBC appears to blame it entirely on the new short ticker-rule, has created glees of joy from those risk-takers. Hedge funds blow up here and there, models (but no bottles) go wrong, and other exciting things happen all the time. It's what you do in this time that really shows who you are. Because some of these sub-prime loans are now undervalued, you will find hedge funds buying them back up. I mean hey, if you can buy something for 20 cents on the dollar and expect someday it to be worth a crappy fifty cents, isn't a profit a profit? :)</p>
<p>Some of the banks carrying M2/M3s certainly did screw up. Since, well, when you have zero buyers, that's also the price tag of your assets. </p>
<p>Frankly, I am nervous. I am about to open a large account of 6k. (Ok, ok 6k is large only by my standards. I'm sure some of you boast-full (CC filters the dumbest words) students have larger accounts.)</p>
<p>I may not have worded it well, but globalization should say enough. A good number of companies have enough revenue (think about the current boom in many european countries) coming from other countries that many of their price reductions are unfounded. This includes, at least from what i have seen, a good number of mortgage companies as well. Many investors are avoiding the mortgage and financial sector all together and this may be a good time to start looking (such as TMA which was featured on CNBC today, Goldman, etc)</p>
<p>i believe someone has told me when growing volatility finally crests, than the market will rebound. How this works, idk, it was explained to me to long ago.</p>