<p>I know wharton allows students to complete their mba's and undergrad degrees at the same time, would that turn off ibanks because its not concurrent with the traditional scheme of things. Would they admit as an associate or an analyst?</p>
<p>At Penn Preview Days, this was a common question that other prospies asked. We were told that it is very, very rare for a Wharton undergrad to also get an MBA. They just accept, literally, a couple a year. There are threads here that discuss the merits of getting your MBA before significant work experience. You might want to check those out, too. The consensus is that work experience will maximize your b-school experience, but some disagree. If you can get in, more power to you.</p>
<p>how would i banks deal with an mba w/out any experience</p>
<p>I guess you would come out an associate anyway? If I got this right, you work for 3 years or however long as an analyist, and then you go to business school to get your mba...then you become an associate. But what happens to the people who get their mba right after college? Would they A.) Work as an analyist, and then upgrade as an associate or B.)Become an Associate anyway.</p>
<p>I would assume it depends on the specific circumstances; I doubt there's a protocol for the sort of situation you're talking about. </p>
<p>You have to take into consideration that many MBA grads land associate positions after doing a summer associate internship, so they already do have some experience. I imagine summer associate internships are not really open to undergrads who are also trying to finish an MBA at the same time.</p>
<p>I think another possibility is that an ibank could hire you as analyst and then put you on an accelerated track to the associate position. I think a number of management consulting firms do that with MBA grads who don't have much business/consulting experience.</p>
<p>You can't even apply to the Wharton submatriculation program until you are a junior anyway... so I wouldn't stress about it now. Very few people end up doing it - something like 3 a year. I think that any company that is coming to recruit at an MBA program - especially a top tier program - would prefer an MBA with work experience over an MBA without any work experience. So if you ended up submatting, you need to make sure you are at least coming in with internship experience (which you probably need a lot of to get accepted anyway). And you'll definitely need an internship in between your first and second years.</p>