<p>I am deciding whether to do an undergraduate in International Business Spanish or do a double degree in Business administration and economics...which degree would look better on my application if I wanted to apply to one of the top Business schools to do my MBA. Both choices will take me 4 years to do, Thanks.</p>
<p>Doesn't matter.</p>
<p>Doesn't matter. Choose which interests you the most. Or choose that which you won't get with your MBA.</p>
<p>I would like to pursue in Finance...is MBA different than say a masters n finance (MFA)? is there such a thing?</p>
<p>MBA is a "professional" degree (like medicine and law). Masters in Finance is an academic degree. You can get either at a school, such as the University of Chicago, Graduate School of Business.</p>
<p>MBA provides a wide variety of courses to help you manage and run a business (accounting, finance, logistics, personel management, marketing, etc.). The program is designed to use the skills your learn in a real world environment.</p>
<p>A Masters in Finance is Finance classes, and some accounting. It is designed for you to sit in an ivory tower and make pronouncements of what is happening in the real world (just kidding - sort of).</p>
<p>It doesn't matter what you take as an undergrad. Get good grades. Do an intersting job for 2 years (like investment banking), and then you are MBA material.</p>
<p>Thank You..that made it more clear for me</p>
<p>I actually have another question. Is Investment Banking a really strenuous job? I've seen many reviews where some say that you will work 16 hours a day but the payouts are amazing after a couple of years. I've heard reviews that said that it is not as bad as everyone makes it seem, that you can work as much as you want to. And I've seen some comments where they say that the times of Investment Banking is over, that because of the crisis, there isn't that many positions available anymore and that they will never be payed that type of money again.</p>
<p>ha payouts are amazing when CEOs are taking salaries of $1/yr?? come on those days are in the past. I believe risk management will be the next biggest thing</p>
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<p>"strenuous" isn't quite the right word. "demanding" is a better word choice. "strenuous" implies going beyond to complete the task. "demanding" is better because you just have to keep working.</p>
<p>If you can get one, investment banking is a great opportunity. And, yes, you will work your butt off. Count on 80 hours a week. Not necessarily 16 hours days. Remember, there are Saturdays and Sundays too.</p>
<p> [quote] I've heard reviews that said that it is not as bad as everyone makes it seem, that you can work as much as you want to.
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<p>People with that attitude don't succeed at IB.</p>
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payouts are amazing after a couple of years.
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After B-School, I paid off my student loans in 2 years. After college, it was still great pay compared to my peers. Not so sure about "per hour" compensation though. Earn twice as much, but work twice as many hours.</p>
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And I've seen some comments where they say that the times of Investment Banking is over, ...
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<p>It is cyclical. this cycle may be a little longer. You have to find the hot areas. Public-Private-Partnership (M&A for Government) seems to be holding up.</p>
<p>it may be cyclical opera but you dont think theres going to be much more regulations and scrutinizing over bonuses and pay over the next several years? the face of wall street has changed forever i believe- its going from monte carlo to reno, nv</p>
<p>definitely agree with operadad - but i will say, as someone who went right into i-banking out of undergrad - if you do it, be prepared to give up most of your social life for awhile. if you're not working 80 hour weeks, your firm is not producing (in my experience). </p>
<p>still, like operadad said, the pay is great - if you can work to the level required. i know of one guy hired out of undergrad who worked the hours and didn't make the grade, and his bonus at the end of year one did not compare to those who stayed - and he got fired.</p>
<p>I love hearing about the future of banking from teenagers. Why argue?</p>
<p>Thanks for the info...and I'm not arguing or trying to prove someone wrong, I just want info, and there is no better place to get it from then from someone who has had the hands on experience.</p>
<p>well.. in this case.. double degree sounds better than single degree... remember.. sounds better...., but sometimes, sounding better does the trick.., believe it or not</p>
<p>double major w/ good grades shows that you can handle a lot of work... but when it's a double major w/ 2 rather similar majors, I wouldn't say it would give you a big advantage over an interdisciplinary major (i.e. IB Spanish)... So in your case, do what you like best</p>
<p>"It doesn't matter what you take as an undergrad. Get good grades. Do an intersting job for 2 years (like investment banking), and then you are MBA material."</p>
<p>Just wondering, what kind of job do I have to get after graduation to be HBS/Wharton material?</p>
<p>One which shows leadership and decision making abilities at a high (broad view) or technical (requiring analytical reasoning) level. They like to see someone who progresses quickly through a series of ranks, so someone who is skilled at climbing the corporate ladder. Where you are leader, or what role it is that you are in and are a leader, will vary. Note, you do not need a fancy title to be a leader, but sure helps.</p>
<p>Individuals who become investment bankers, would they be considered as the workforce in a company. To clarify my question, if a Chief Executive Officer would be consider the leader, would the investment bankers be consider the follower? OR are the investment bankers their own boss?<br>
Thanks </p>
<p>-kpsong87</p>
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Just wondering, what kind of job do I have to get after graduation to be HBS/Wharton material?
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<p>Analyst at an IB firm. Brand Manager at a products company. Restaurant manager where you work up to managing the entire restaurant or multiple restaurants. A job where you have responsibility and autonomy. Then accomplish something.</p>
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Individuals who become investment bankers, would they be considered as the workforce in a company ...
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<p>IB's are not part of a traditional products company. IB's help companies access the capital markets. For lack of a better analogy, think: Mortgage Broker, but with a few more '000s in the amount.</p>
<p>Lead IB's tend to be pretty autonomous in their job. Support IB's (analysts, associates, etc.) do what needs to be done to support the Lead.</p>
<p>IB's are like the sales force in a traditional products company. They are selling the financial services of the Bank/Investment bank.</p>