<p>I am wondering why people like Awped (or whatever your name is) feel the need to give advice when they have no earthly idea what they are talking about. The majority of this board has never stepped inside an investment bank, and yet so many feel the need to speak on a subject that they know very little about. This isn't too bash or put down any specific posters on this forum; I'm merely interested in why these HS children are giving out misinformation. Glancing at Wallstreetoasis does not make you knowledgeable about finance, btw. Some of the crap I've seen:</p>
<p>
[quote]
I would say a Princeton degree is good up until you want to become VP or managing director.
[/quote]
</p>
<p>A diploma is not a dairy product -- it has no expiration date, dumbass.</p>
<p>
[quote]
Lazard is a boutique
[/quote]
</p>
<p>Wrong.</p>
<p>
[quote]
If you want to work at a quant fund, a master's/phd in engineering/comp sci/math/physics etc. is a must.
[/quote]
</p>
<p>Wrong.</p>
<p>
[quote]
In Ibanking, I know CFA helps; it is equivalent to an MBA for them, generally.
[/quote]
</p>
<p>Wrong.</p>
<hr>
<p>I know absolutely nothing about climbing Everest. Would it make sense for me to give advice on how to scale the summit, what the mental/physical exhaustion is like, what kind of gear to use, what the oxygen levels are at that altitude, etc. and pass it off like I am the authority? </p>
<p>If you don't know, keep your mouth shut (and your fingers off the keyboard).</p>
<p>Yes, but I also get laid more than you do, possess more intelligence than you do, make more money than you, and lead a better life than you do. No complaints from the losing side, broski.</p>
<p>You clearly have no idea what a quant is, but just to lead you in the right direction, quant stands for QUANTITATIVE analyst/trader. Wikipedia might be a good place for you to start since you’ve probably never met any quants. I’d focus on the education section</p>
<p>The other two posts are wrong (although VPs and MDs do tend to have more than a bachelor’s degree), but then again…I didn’t write them</p>
<p>I know it sucks being laid off but please shut the **** up you tool</p>
<p>I am well aware of what “quants” are – they are called strats here at Goldman. None of the strats on the floor have PhDs. I’m sure it helps, but it is by no means a “must” like you posited.</p>
<p>What a coincidence those quotes are both from people who work at Lazard. </p>
<p>Lazard is not considered a BB, does not have close to the number of employees at any BB, and generally works on smaller deals than the BBs. Lazard is obviously bigger than other boutiques, but not even close to the size of a BB</p>
<p>1) A degree from princeton is enough to make VP/MD, but most get an MBA anyways
2) Some people consider Lazard a boutique, some don’t. Boutique is just a categorization, who gives a ****?
3) It’s extremely difficult to do quant trading at a fund like RenTech or Citadel (top quant funds) without a Master’s or Ph.d since they hire like 3 people from undergrad each year. I’m pretty sure Awped wasn’t talking about Goldman’s Strategy Group
4) CFAs are not useful in banking</p>
<p>i thought simmons refused to hire non-phd’s for rentech? i have a friend who placed near the top in the putnam (prestigious math comp) who couldnt even get an interview there - he was straight up told to re-apply after he got a phd.</p>
<p>also - pureadvisory, this thole thread makes you look like a complete tool.</p>
<p>facts though: lazard doesn’t consider themselves a boutique, but plenty of others outside the firm consider them one. i think even seniors at moelis hate the term boutique but that doesn’t mean the term doesnt apply to them.</p>
<p>finally - you’re a *<strong><em>ing summer analyst (though i admit i am one too). stop acting like you’re hot *</em></strong>. thank god you’re not at my bank this summer (though we do have more than our share of losers like you)</p>
<p>
says the guy who on a number of occasions got into arguments with hmom (bb md) claiming she was wrong. she was one of the few posters who even gave good advice and now i dont think she even comes here anymore</p>