| Topic Name: |
The highest-paying. |
| Message Name: |
Some straight talk... |
| Date Posted: |
02/21/2001 |
| In Reply To: |
Your friend who replied to you is quite right about which school you go to. I went to Indiana University in Bloomington, a great B-school for undergrads. This was before they fired Knight and IU was such a great place for academics, basketball, etc.. it still is and most of the students there are quite smart but I do not know of one single person who got a job at a BB. Most got good jobs at Fortune 500s and some got into Big 5 accounting but I honestly do not know of one single friend who went to Wall Street. It sounds like you really have your heart set on IB at a BB on Wall Street so the accounting/corporate finance/asset management doesn't sound like what you would like. Keep learning as much as you can, decide what you want to do in IB: M&A, trading, institutional sales, emerging markets, underwriting, etc.. When your time comes to interview you will be grilled a lot and you can't say you want to IBank to make a lot of money(nothing wrong with that) but you have to much more convincing. But take the poster's advice and get into a Ivy. If not then MIT, Stanford, Chicago, Northwestern. Good luck and if anyone tells you to take it easy tell them to fuck off because you got plans. |
| Message: |
Here are some comments for ya:
1) You can probably make the most amount of money before the age of 30 by becoming an ibanker. As some close seconds, traders can also make serious dough. If you are not as financially oriented, consulting may be an option. Although we consultants don't become millionares before 30, we do okay...(partners at Big 5 firms make $1M+/yr.)
2) If you are really set on ibanking, try to get into a tier 1 school. Not to discourage you though, but I went to any Ivy and it's still incredibly tough to get a good ibanking job (most people don't, and do other things.) Tons of applicants, and limited number of jobs. And even once you're in ibanking, you have to kill yourself to make it. They don't just hand out million dollar bonuses for nothing.
2) As a side note, that clown who said he turned down some ivy schools, then turned down some ibanks is either: a) a pathetic liar or b) a fucking idiot. He's probably just making the shit up buddy. Nobody can be that stupid (IBM finance is SHIT compared to ibanking.)
Btw, you're doing an incredibly smart thing by checking out the vault while still in High School (you're already a step ahead.) Wish I had the same opportunities.
Good luck!
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