<p>to my understanding, there is I BANKING in i banking, and then theres corporate finance, mergers and acquisitions, public finance and r+d.</p>
<p>then theres something completely different, but u do it at an "investment bank", which is sales/trading.</p>
<p>and i dont get how u can make millions in 2 or 3 years? i mean, the starting salary is around 60k and with bonuses it tops out at 150kish at the bi tch position. they basically kick u the f out after 3 years and u can either get an mba and stay in the comp in another postion as an associate or something or move on to consulting or something.</p>
<p>also, i heard companies are pretty a nal about applying for different postions? say u apply for corporate finance at UBS and then sales/trading at Barclays, and they find out about it, they will automatically reject u cuz they would think u dont know what u wanna do.</p>
<p>Also, how much money can u make in c banking, especially in mutual funds. i got offered an internship at Northwestern but it was commision based and i already had a commision based position that paid me at a higher rate so i didnt take it.</p>
<p>lastly, can anyone give me the future of the Insurance and Venture Capital industries. and everyone is doing Hedge Funds these days will it get out of control?</p>
<p>Nobody gives a crap about what Ibanking REALLY is. The only thing that's important is that getting into Ibanking is like becoming a god, or at least it makes people millionaries in 2 years. Or at least that's the prevalent belief on this forum....</p>
<p>woh woh woh are you being sarcastic? You mean you don't become a god? ****. I gotta rethink my priorities. I thought if I just went to Wharton/Stern/McDonough/Ivy, got recruited by a firm, and became an analyst, after 2 years making 3 million a year, then I would be ready to become a god. Your telling me I'm wrong?</p>
<p>you do not make a million after 2-3 years. period. hardvard your right about the 150k. working in I banking is a prestigous job becuase of the competitiveness and the firms who are a part of it. i.e. Goldman, Merril, etc. a lot of people feel that they are cut out for life on Wall Street but there is no real way to prepare yourself with working 110 hour weeks with one day a week off if your lucky. Pretty cool thing is that tonight on the news they announced how HUGE holiday bonuses at Goldman Sachs averaged about 600k. That stat is skewed a but thought because a lot of the Managing Directors higher ups are making 1-20 million. INSANE</p>
<p>wharton-obviously tier 1, no objections.
Stanford+Ivy's - What about UChicago, UMich Ross, Williams?
Anything Else- Yes, Above schools are better, but why would you try to group schools like Northwestern, Berkeley, Stern, Kelley, McIntire with every other undergrad econ/biz program. People will see your post and the absence of objections following it and automatically come to a conclusion that if you do not attend wharton/ivy you can't make it into IBanking, a flawed assumption that detracts from the intelligence of every reader.</p>
<p>uhh, samwise.. you only need a 3.2 to get an interview at a top firm at cornell. used to be 3.6 a couple of years ago but a few firms, especially lehman seem to be hooked. i don't know if you can say the same about chicago and berkeley.</p>
<p>also, a school like cornell gives u so many choices that schools such as berkeley or nyu simply cannot provide.</p>
<p>so harvardman you are telling us that you do not know what ibanking is, but you personally have some demonstrable evidence that iBanks love Cornell so much they forgive low GPAs and hire those students over NYU stern students? </p>
<p>please visit the career services office at cornell university, sir/madam. for the record, i still am confused about ibanking. i think there should be a difference between ibanking and working at an i bank.</p>
<p>There definitely is a difference between working at an ibank and being an ibanker. Just because you're a janitor at Goldman Sachs doesn't make you an ibanker you know. </p>
<p>And yay I'm going to a certain target school in Greenwich Village, New York in fall 2007. I'm living the dream!!!</p>
<p>i would certainly put wharton and cornell in the same category seeing as though they are the only 2 undergrad business programs in the ivy league. people dont give cornell enough credit.</p>