| Topic Name: |
MBA salaries |
| Message Name: |
finance background |
| Date Posted: |
07/17/2001 |
| In Reply To: |
Read the reports, I think they're called industry reports or something. This will give you an idea about hours, pay, what you do, etc.
When people talk about banking they usually mean corporate finance or M&A. BUt, many would also include sales and trading as well. Basically, corporate finance is funding companies through debt or equity. M&A is advising companies on takeover targets or advising a company that is being taken over.
Sales and trading is the area where salespeople sell securities to institutions and the traders risk capital to keep markets liquid (and keep some of the money for themselves, hopefully).
That being said, there are many other options open to MBAs other than I-Banking. People like it because it is generally the highest paying job coming out of an MBA program. With little or no finance background, it may be difficult to get a position in banking with such a tight job market right now. But, it happens every year that people with little or no finance background get jobs in banking. |
| Message: |
By saying people with little or no finance background may find it difficult to secure a job in banking, do you mean actual job experience in finance? Or do you mean a sort of specialization in finance that may be possible during the MBA? I have a feeling you are referring to both work experience in finance as well as an undergraduate degree in finance.
Do you know of any paths that an undergraduate degree in Computer Science and three years of work experience as a Software Engineer could take to get into banking (after the MBA)? If not banking, are there any other high paying jobs that stand out in the engineering field? That is, jobs that several MBAs may take?
Thanks for all your information regarding my questions!
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