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  #1  
Old 10-15-2007, 05:58 AM
jumbojacks jumbojacks is offline
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Default Re: Top i-banking firms

[ QUOTE ]
The internship programs have expanded over the last several years, and more people accepted offers this summer than ever before. Companies also are cutting back hiring b/c of the climate on the street.

[/ QUOTE ]

Definitely true. A friend of mine who did a summer at a BB lost his full time offer.

From my school, I heard 2nd/3rd hand that GS NY for ibanking was actually 6 months in fin. ops. before ibanking.

A lot of groups were looking to hire one spot for my school or sometimes none. CS LA I heard was 1 spot from my school. Some other BBs interviewed with no intention of hiring.
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  #2  
Old 10-15-2007, 07:50 AM
Actual God Actual God is offline
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Default Re: Top i-banking firms

why would anyone choose i-banking over sales/trading? not flaming, just wondering. is the money that much better to justify working almost twice as many hours?
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  #3  
Old 10-15-2007, 09:01 AM
ahnuld ahnuld is offline
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Default Re: Top i-banking firms

no offense jws but with a 3.3 gpa im surprised you got an interview. At my school you can have an awesome CV but its barely worth applying unless your GPA is over 3.5
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  #4  
Old 10-15-2007, 01:32 PM
jws43yale jws43yale is offline
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Default Re: Top i-banking firms

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no offense jws but with a 3.3 gpa im surprised you got an interview. At my school you can have an awesome CV but its barely worth applying unless your GPA is over 3.5

[/ QUOTE ]

Main reason is that I am at one of the top five universities in the country and a college athlete. I have older friends who were just over a 3.0 in history or polisci which is significantly easier than econ, but as Yale football players had no trouble getting hired two years ago. Very bad year for finance jobs in general.
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  #5  
Old 10-15-2007, 01:58 PM
jumbojacks jumbojacks is offline
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Default Re: Top i-banking firms

[ QUOTE ]
no offense jws but with a 3.3 gpa im surprised you got an interview. At my school you can have an awesome CV but its barely worth applying unless your GPA is over 3.5

[/ QUOTE ]

Be an athlete at almost any recruited school and they go easy on the GPA "requirement."
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  #6  
Old 10-15-2007, 04:17 PM
CrushinFelt CrushinFelt is offline
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Default Re: Top i-banking firms

I'm sooooooooo glad I didn't go into I-banking. Life/work balance ftw + competitive salary and I work on much cooler projects that cash flow projections ;p
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  #7  
Old 10-15-2007, 11:47 PM
emon87 emon87 is offline
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Default Re: Top i-banking firms

[ QUOTE ]
why would anyone choose i-banking over sales/trading? not flaming, just wondering. is the money that much better to justify working almost twice as many hours?

[/ QUOTE ]

because people aren't good at trading?
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  #8  
Old 10-16-2007, 12:02 AM
jws43yale jws43yale is offline
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Default Re: Top i-banking firms

[ QUOTE ]
[ QUOTE ]
why would anyone choose i-banking over sales/trading? not flaming, just wondering. is the money that much better to justify working almost twice as many hours?

[/ QUOTE ]

because people aren't good at trading?

[/ QUOTE ]

I think the prime reason is that trading is such a specific skill set. You learn how to trade and nothing else. I wouldn't want to trade for the rest of my life, so I am interested in doing something that teaches me a ton and opens up opportunities rather than limits them.
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  #9  
Old 10-16-2007, 12:36 AM
whyherro whyherro is offline
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Default Re: Top i-banking firms

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
why would anyone choose i-banking over sales/trading? not flaming, just wondering. is the money that much better to justify working almost twice as many hours?

[/ QUOTE ]

because people aren't good at trading?

[/ QUOTE ]

I think the prime reason is that trading is such a specific skill set. You learn how to trade and nothing else. I wouldn't want to trade for the rest of my life, so I am interested in doing something that teaches me a ton and opens up opportunities rather than limits them.

[/ QUOTE ]


Definitely a good reason, another thing to consider is the significantly more stable line of income. It's not like trading is easy money.
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  #10  
Old 10-16-2007, 02:06 AM
hanster hanster is offline
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Default Re: Top i-banking firms

Is there anyone doing private wealth or planning to go into that?
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