Investment Banking

thanks for all the advice fellas. i actually know quite a bit about i-banking, and i've been on mergersandinquisitions.com for over a year reading over allof it. i'm not why some people got an idea that my gpa wasn't great, but i actually have a 3.84 right now and i'm running for president of thestudent body this spring in a school of roughly 14,000. also, i only plan on working in i-banking for 2-3 years before going to get my MBA at hopefully a topB-school (Harvard/Wharton) then moving into hedge funds. thanks for the input though everybody
 
I can give u a full detail of what it's like OP, just PM me. Long story short, if you arent in a top 10 undergrad business school, dont have above a 3.5GPA, and aren't willing to work 70-100 hours a week, don't even apply... You'll be wasting your time.
 
Originally Posted by swizzc

I can give u a full detail of what it's like OP, just PM me. Long story short, if you arent in a top 10 undergrad business school, dont have above a 3.5 GPA, and aren't willing to work 70-100 hours a week, don't even apply... You'll be wasting your time.
[color= rgb(255, 0, 0)]I sent you a PM and you never got back to me.[/color]
nerd.gif
 
Originally Posted by ProduccionFrescos

Originally Posted by swizzc

I can give u a full detail of what it's like OP, just PM me. Long story short, if you arent in a top 10 undergrad business school, dont have above a 3.5 GPA, and aren't willing to work 70-100 hours a week, don't even apply... You'll be wasting your time.
[color= rgb(255, 0, 0)]I sent you a PM and you never got back to me.[/color]
nerd.gif
For real man? my bad, I have been working a lot so I must have not seen it. I'll hit you with a response in a few or tomorrow morning.. sorryabout that.
 
Originally Posted by swizzc

I can give u a full detail of what it's like OP, just PM me. Long story short, if you arent in a top 10 undergrad business school, dont have above a 3.5 GPA, and aren't willing to work 70-100 hours a week, don't even apply... You'll be wasting your time.

from your sig you're from the west coast? what school did you go to? i know a lot of people who did i-banking or are just starting out on the path, butthey all worked in NY or the area (greenwich etc.)

how is it in the bay? i live in socal and i know MS LA and GS LA have kinda a bad rep but i don't have any firsthand info.
 
Originally Posted by JOE CAMEL SMOOTH

Originally Posted by swizzc

I can give u a full detail of what it's like OP, just PM me. Long story short, if you arent in a top 10 undergrad business school, dont have above a 3.5 GPA, and aren't willing to work 70-100 hours a week, don't even apply... You'll be wasting your time.

from your sig you're from the west coast? what school did you go to? i know a lot of people who did i-banking or are just starting out on the path, but they all worked in NY or the area (greenwich etc.)

how is it in the bay? i live in socal and i know MS LA and GS LA have kinda a bad rep but i don't have any firsthand info.

Joe, I tried to PM you but it said that the user wasnt found. Just hit me up on a real SN or some other username and we can talk. Take it easy.
 
Originally Posted by swizzc

Originally Posted by JOE CAMEL SMOOTH

Originally Posted by swizzc

I can give u a full detail of what it's like OP, just PM me. Long story short, if you arent in a top 10 undergrad business school, dont have above a 3.5 GPA, and aren't willing to work 70-100 hours a week, don't even apply... You'll be wasting your time.

from your sig you're from the west coast? what school did you go to? i know a lot of people who did i-banking or are just starting out on the path, but they all worked in NY or the area (greenwich etc.)

how is it in the bay? i live in socal and i know MS LA and GS LA have kinda a bad rep but i don't have any firsthand info.

Joe, I tried to PM you but it said that the user wasnt found. Just hit me up on a real SN or some other username and we can talk. Take it easy.
http://joseph-camel-jr.u.yuku.com/

try messaging that sn
 
JOE CAMEL SMOOTH wrote:


ummmmmm you get the job before your MBA. and most people use it as a springboard- 2 years and then onto greener pastures (i.e. ones without the 120 hr weeks)





Not neccesarily. I know a chick that worked a few years at Edward Jones, got her MBA from Duke, and got on at Goldman. Just saying you don'thave to land an IB job right out of undergrad to get in the game. It might just be a little harder.
 
Originally Posted by swizzc

I can give u a full detail of what it's like OP, just PM me. Long story short, if you arent in a top 10 undergrad business school, dont have above a 3.5 GPA, and aren't willing to work 70-100 hours a week, don't even apply... You'll be wasting your time.


Not entirely true. I went to Duke undergrad and we don't have an undergrad business school yet Goldman, JP, Wachovia, Citi, etc recruit us intensely.

The key is to land an internship with one of the big banks the summer going into your sophmore and/or junior year.

Here's the route I took:
-Internship with GS summer going into junior year
-2 year analyst program with GS after graduation
-UConn business school with MBA after 2 years
-Worked for American Capital (PE firm) up until they closed their Boston office last year
 
Originally Posted by Toy Collector123

Ibanking hours salary = about 23 an hour... and those are the ones making 100k a year.


23 dollars an hr doesn't equal out to 100k a year einstein. fail.
 
Originally Posted by BTK

Originally Posted by Toy Collector123

Ibanking hours salary = about 23 an hour... and those are the ones making 100k a year.


23 dollars an hr doesn't equal out to 100k a year einstein. fail.
laugh.gif
multiply 1840 x 52 and tell me what amount you get. to get 1840 i used 23 x 80.

wink.gif
 
If you don't go to a name IB school and haven't networked enough to get an internship at a big bank I'd suggest looking into IBing at a boutique..Ihad a 3.8 from a top 40 school but it wasn't known on the street so I could only get interviews in the middle/back office positions at a bulge bracketfirm. I enjoy working at a smaller firm...more contact with MDs/clients and more doing/thinking for yourself,, hours are still alot but not as bad...best partis you get to do more stuff on your own rather than having models etc already set up. Only downside is name on your resume doesn't look as good
 
Originally Posted by Biggie62

Originally Posted by mcnoodlez

Originally Posted by Biggie62

If you are a male and have under a 3.5 3.8 GPA you better have some sick connect. Just giving you a heads up.
with this economy? +!%+'s messed up, i can't even get an interview, so i'm taking a break and doing music. probably have a better shot at making it there too

and you dont wanna ibank, you want the salary, no one wants to work 90 hours a weak as a slave robot.

I heard otherwise from friends who work at Barclays ATM. They all tell me if you have a 3.6 then you will have a shot. As they are starting to hire at little due to the current profits. Hell, my friend works with some kid who graduated the Univ of Florida and kid had a 2.9 and got a job. It's all about who you know.

Goldman you need an insane GPA obviously.


I had a fraternity brother who got a job straight out of college with Goldman, because he networked with alumni in the company. If you utilize it, it can dogreat things for you.
 
Originally Posted by ThaPeoplesChamp

hmmm... well i've never gone to college and never worked in banking.
i'm sure you guys are gonna hate but eh...
i'm actually in a personal banker training program and have been doing
stuff for a few months now. working for wells fargo...
probably not the same thing,but im new to the industry.
but,i plan to do this for 2yrs and then be a licensed banker.
every 2 yrs or so,try to make that upward move,getting better in banking.

Screw every two years. Stay hungry.
 
Originally Posted by Ricardo Malta

Originally Posted by swizzc

I can give u a full detail of what it's like OP, just PM me. Long story short, if you arent in a top 10 undergrad business school, dont have above a 3.5 GPA, and aren't willing to work 70-100 hours a week, don't even apply... You'll be wasting your time.


Not entirely true. I went to Duke undergrad and we don't have an undergrad business school yet Goldman, JP, Wachovia, Citi, etc recruit us intensely.

The key is to land an internship with one of the big banks the summer going into your sophmore and/or junior year.

Here's the route I took:
-Internship with GS summer going into junior year
-2 year analyst program with GS after graduation
-UConn business school with MBA after 2 years
-Worked for American Capital (PE firm) up until they closed their Boston office last year
i think he meant a top 10 econ program or along those lines......i mean aside from penn and cornell i don't think any ivy has an undergradb-school, and neither do many other "target schools."
 
damn i didnt know the work hours were that long.
ive been thinking bout writing my actuarial exam after my undergrad, studying statistics/economics at the university of toronto right now

good luck OP
 
My brother is graduating in investment banking in April from BYU and the Marriott School of Business. I think he's got a job making $100,000 set up for himin SLC after that.
It's a lot of work, but worth it too.

Connections are super helpful. Internships have helped my brother as well. Be willing to work and sacrifice to be successful, just don't sacrifice theimportant things.
 
I'm still contemplating whether or not I want to go into Investment Banking. I'm not at an extremely outstanding school (Towson University) butit's not terrible and I'm only here because I couldn't afford the other schools I got into. I also have some connections, with my cousin being arather successful in the Finance world as a VP at the Boston Stock Exchange, a high ranking official at State Street, and one of the heads of a venture capitalfirm and he said if I really want it he'd love to help me out. I just have to decide if I'm willing to spend 80 hours a week of my early 20'sworking.
 
what ever ended up happening with you and your career? i am also interested in the investment banking/hedge fund field. please lmk thanks
 
Sorry to do this, but I'd like to get into investment banking now, so I figured I'd bump the thread in case have any alums or people currently working in it.
 
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