Here are your bonuses- $16,000,000,000+++

[JS80]

Originally posted by: tweakmm

Originally posted by: halik

Originally posted by: JS80

Originally posted by: tweakmm

Originally posted by: shuttleboi
Can someone tell me what the typical career path for an investment banker is? What should your major be in college? What kind of internships should you pursue?

Upper percentile graduation with a masters in finance from a top 20 B school.

errr wrong

very

Interesting, I thought that was pretty much standard to get a job with one of the big players. I was considering going down that path and was told basically that by someone who I thought knew what they were talking about.

What is the path to get a job at GS?

Harvard, UPenn, Yale, etc

 

[SuperNaruto]

Originally posted by: tweakmm
What is the path to get a job at GS?

on ur knees!

jk..

 

[JS80]

Originally posted by: 3cho

Originally posted by: JS80
GS acts more or less as a hedge fund because it's revenues are heavily based on trading.

no its not. it's m&a is strong too.

"more or less" "heavily based"
to me 1/3 is "heavily based.

M&A is slowing down bigtime. I would consider getting out of GS or possibly shorting if you think they will take losses in trading.

 

[halik]

Originally posted by: tweakmm

Originally posted by: halik

Originally posted by: JS80

Originally posted by: tweakmm

Originally posted by: shuttleboi
Can someone tell me what the typical career path for an investment banker is? What should your major be in college? What kind of internships should you pursue?

Upper percentile graduation with a masters in finance from a top 20 B school.

errr wrong

very

Interesting, I thought that was pretty much standard to get a job with one of the big players. I was considering going down that path and was told basically that by someone who I thought knew what they were talking about.

What is the path to get a job at GS?

GS actively recruits at top colleges, majority of new analysts are hired after internships.

 

[tweakmm]

Originally posted by: JS80

Originally posted by: tweakmm

Originally posted by: halik

Originally posted by: JS80

Originally posted by: tweakmm

Originally posted by: shuttleboi
Can someone tell me what the typical career path for an investment banker is? What should your major be in college? What kind of internships should you pursue?

Upper percentile graduation with a masters in finance from a top 20 B school.

errr wrong

very

Interesting, I thought that was pretty much standard to get a job with one of the big players. I was considering going down that path and was told basically that by someone who I thought knew what they were talking about.

What is the path to get a job at GS?

Harvard, UPenn, Yale, etc

Sooooo... pretty much what I said?

I did leave out the internship parts because I didn't know much about that, but a masters in finance from a top B school is exactally what I said.

 

[shuttleboi]

Originally posted by: JS80

Originally posted by: shuttleboi
Can someone tell me what the typical career path for an investment banker is? What should your major be in college? What kind of internships should you pursue?

aren't you an engineer?

I have a PhD in Computer Science and am working as a software engineer/scientist, but I'm always looking to leverage my skills to get into a higher-paying job I'm not averse to 2 years in B-school if that's what it takes.

 

[Albis]

To start off as an analyst, you don't need a MBA, you need a bachelors

Originally posted by: tweakmm

Originally posted by: JS80

Originally posted by: tweakmm

Originally posted by: halik

Originally posted by: JS80

Originally posted by: tweakmm

Originally posted by: shuttleboi
Can someone tell me what the typical career path for an investment banker is? What should your major be in college? What kind of internships should you pursue?

Upper percentile graduation with a masters in finance from a top 20 B school.

errr wrong

very

Interesting, I thought that was pretty much standard to get a job with one of the big players. I was considering going down that path and was told basically that by someone who I thought knew what they were talking about.

What is the path to get a job at GS?

Harvard, UPenn, Yale, etc

Sooooo... pretty much what I said?

I did leave out the internship parts because I didn't know much about that, but a masters in finance from a top B school is exactally what I said.

 

[LongCoolMother]

how about Economics as a major? At my school and a neighboring rival school, many people seem to consider the 'business' undergrad major a 'girl's major.' The true difficulty lies in economics-- which is more of a science (regarding policy, laws, theory, etc.) compared to business, which is more practical-minded.

 

[tweakmm]

Originally posted by: Albis
To start off as an analyst, you don't need a MBA, you need a bachelors

Originally posted by: tweakmm

Originally posted by: JS80

Originally posted by: tweakmm

Originally posted by: halik

Originally posted by: JS80

Originally posted by: tweakmm

Originally posted by: shuttleboi
Can someone tell me what the typical career path for an investment banker is? What should your major be in college? What kind of internships should you pursue?

Upper percentile graduation with a masters in finance from a top 20 B school.

errr wrong

very

Interesting, I thought that was pretty much standard to get a job with one of the big players. I was considering going down that path and was told basically that by someone who I thought knew what they were talking about.

What is the path to get a job at GS?

Harvard, UPenn, Yale, etc

Sooooo... pretty much what I said?

I did leave out the internship parts because I didn't know much about that, but a masters in finance from a top B school is exactally what I said.

But eventually you'll need that masters from the top 20 if you want to be pulling in the big bucks(which is why any sane person gets into investment banking in the first place)

 

[JS80]

Originally posted by: tweakmm

Originally posted by: JS80

Originally posted by: tweakmm

Originally posted by: halik

Originally posted by: JS80

Originally posted by: tweakmm

Originally posted by: shuttleboi
Can someone tell me what the typical career path for an investment banker is? What should your major be in college? What kind of internships should you pursue?

Upper percentile graduation with a masters in finance from a top 20 B school.

errr wrong

very

Interesting, I thought that was pretty much standard to get a job with one of the big players. I was considering going down that path and was told basically that by someone who I thought knew what they were talking about.

What is the path to get a job at GS?

Harvard, UPenn, Yale, etc

Sooooo... pretty much what I said?

I did leave out the internship parts because I didn't know much about that, but a masters in finance from a top B school is exactally what I said.

No, it's not what you said

Upper percentile graduation with a masters in finance from a top 20 B school.

 

[tweakmm]

Originally posted by: JS80

Originally posted by: tweakmm

Originally posted by: JS80

Originally posted by: tweakmm

Originally posted by: halik

Originally posted by: JS80

Originally posted by: tweakmm

Originally posted by: shuttleboi
Can someone tell me what the typical career path for an investment banker is? What should your major be in college? What kind of internships should you pursue?

Upper percentile graduation with a masters in finance from a top 20 B school.

errr wrong

very

Interesting, I thought that was pretty much standard to get a job with one of the big players. I was considering going down that path and was told basically that by someone who I thought knew what they were talking about.

What is the path to get a job at GS?

Harvard, UPenn, Yale, etc

Sooooo... pretty much what I said?

I did leave out the internship parts because I didn't know much about that, but a masters in finance from a top B school is exactally what I said.

No, it's not what you said

Upper percentile graduation with a masters in finance from a top 20 B school.

I clarified my point in an edit, I know what I said, no need to bold. The masters obviously isn't the first step, but it is a crucial step. No?

 

[JS80]

Originally posted by: tweakmm
But eventually you'll need that masters from the top 20.

No, you don't. You can go directly from analyst to associate without an MBA. Most analysts leave after 2 years to go to B-school or other finance.

Also, it's top 10 bschool. 15-20 is stretching for top bank.

 

[JS80]

Originally posted by: tweakmm
I clarified my point in an edit, I know what I said, no need to bold. The masters obviously isn't the first step, but it is a crucial step. No?

Just to be clear, you don't need a graduate degree to enter investment banking. Most i-bank analyst monkies have Bachelors.

 

[tweakmm]

Originally posted by: JS80

Originally posted by: tweakmm
But eventually you'll need that masters from the top 20.

No, you don't. You can go directly from analyst to associate without an MBA. Most analysts leave after 2 years to go to B-school or other finance.

You learn something new everyday. Do most analysts go to associate without an MBA? What's the percentage of associates with graduate degrees from the top schools?

 

[shuttleboi]

Originally posted by: JS80

Originally posted by: tweakmm
But eventually you'll need that masters from the top 20.

No, you don't. You can go directly from analyst to associate without an MBA. Most analysts leave after 2 years to go to B-school or other finance.

Also, it's top 10 bschool. 15-20 is stretching for top bank.

Can you point us to a webpage with some definitive information on an i-banking career path? We'd greatly appreciate it.

 

[tweakmm]

Originally posted by: JS80

Originally posted by: tweakmm
I clarified my point in an edit, I know what I said, no need to bold. The masters obviously isn't the first step, but it is a crucial step. No?

Just to be clear, you don't need a graduate degree to enter investment banking. Most i-bank analyst monkies have Bachelors.

Nobody get's into investment banking to be an overworked monkey.
No sane person anyway.

 

[Albis]

No, most analyst do not get straight promoted even though it can happen.

One of my friends went overseas with Deutche and got promoted to associate after 1 yr as an analyst. Now she came back to the US as an associate.

 

[halik]

Originally posted by: tweakmm

Originally posted by: JS80

Originally posted by: tweakmm
I clarified my point in an edit, I know what I said, no need to bold. The masters obviously isn't the first step, but it is a crucial step. No?

Just to be clear, you don't need a graduate degree to enter investment banking. Most i-bank analyst monkies have Bachelors.

Nobody get's into investment banking to be an overworked monkey.
No sane person anyway.

A lot of people get into it for the $ and lifestyle.

 

[JS80]

Originally posted by: tweakmm

Originally posted by: JS80

Originally posted by: tweakmm
But eventually you'll need that masters from the top 20.

No, you don't. You can go directly from analyst to associate without an MBA. Most analysts leave after 2 years to go to B-school or other finance.

You learn something new everyday. Do most analysts go to associate without an MBA?

Most analysts go to b-school, private equity, hedge fund, investment management, or quit the biz after their 2 years. Only cream of crop get promoted directly to associate.

 

[JS80]

Originally posted by: shuttleboi

Originally posted by: JS80

Originally posted by: tweakmm
But eventually you'll need that masters from the top 20.

No, you don't. You can go directly from analyst to associate without an MBA. Most analysts leave after 2 years to go to B-school or other finance.

Also, it's top 10 bschool. 15-20 is stretching for top bank.

Can you point us to a webpage with some definitive information on an i-banking career path? We'd greatly appreciate it.

No (i.e. I don't know).

read this and tell me if you're still interested.

 

[halik]

Originally posted by: shuttleboi

Originally posted by: JS80

Originally posted by: tweakmm
But eventually you'll need that masters from the top 20.

No, you don't. You can go directly from analyst to associate without an MBA. Most analysts leave after 2 years to go to B-school or other finance.

Also, it's top 10 bschool. 15-20 is stretching for top bank.

Can you point us to a webpage with some definitive information on an i-banking career path? We'd greatly appreciate it.

To be honest, you might have missed that train already. It would be difficult to get into investment banking without being the top of your MBA class, seeing as you have no experience what so ever.

 

[sygyzy]

Originally posted by: tweakmm

Originally posted by: JS80

Originally posted by: tweakmm
I clarified my point in an edit, I know what I said, no need to bold. The masters obviously isn't the first step, but it is a crucial step. No?

Just to be clear, you don't need a graduate degree to enter investment banking. Most i-bank analyst monkies have Bachelors.

Nobody get's into investment banking to be an overworked monkey.
No sane person anyway.

What does this even mean? Obviously. But that's the fact of the matter. It's the nature of the business.

 

[Art Vandelay]

Will I be starting at the analyst level if I graduated 2 years ago from a top 40 school with a finance + management double degree , been working as a junior economist at the World Bank Group? Do analyst salaries (with prior experience) change at all or is there a set standard?

 

[tweakmm]

Originally posted by: halik

Originally posted by: tweakmm

Originally posted by: JS80

Originally posted by: tweakmm
I clarified my point in an edit, I know what I said, no need to bold. The masters obviously isn't the first step, but it is a crucial step. No?

Just to be clear, you don't need a graduate degree to enter investment banking. Most i-bank analyst monkies have Bachelors.

Nobody get's into investment banking to be an overworked monkey.
No sane person anyway.

A lot of people get into it for the $ and lifestyle.

I understand there is a lot of money just being a monkey, but the real cash is not being made by the cogs.
I can't imagine someone wanting to get into investment banking not planning to become an associate.
I can, however, imagine someone getting into investment banking planning to become an associate and then jumping in front of a subway car a year into the job.

 

[z0mb13]

Originally posted by: JS80

Originally posted by: shuttleboi

Originally posted by: tweakmm

Originally posted by: shuttleboi
Can someone tell me what the typical career path for an investment banker is? What should your major be in college? What kind of internships should you pursue?

Upper percentile graduation with a masters in finance from a top 20 B school.

What about undergrad? Should one major in business or accounting in college?

Or is business school most important?

undergrad with high GPA any major but finance "preferred"
have internship or something on the resume to stand out
nail the interview - good rapport and answer brain teasers out loud in a logical manner.

Congrats you made it as an analyst
-slave for 2 years
-apply to b-school or
-get promoted to associate or
-Private Equity, Hedge Fund, Investment Management, Biz Dev, whatever floats your boat

Go to b-school
-top 10 or no.
-go back and be an associate

Associate
Buy a Ferrari
VP
Buy a Bentley
Director/Principal/MD
Marry a Hilton
Billionaire

Buy stupid art. CEO. CFO. Go to jail ala Enron.

well put!

also kiss ur free time goodbye.. 12 hour workdays are common... also what weekends? you work on the weekends!