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Topic Name: The highest-paying.
Message Name: kellogg vs. anderson
Date Posted: 03/13/2001
In Reply To: You really have a great advantage since most people I know start planning on their careers almost by the time they realise collegue is over. I come from Spain, so maybe my experience is not fully useful for you. I graduated in business in June 97 first of the undergraduate promotion, so I had plenty to choose when I graduated. I worked three years as an equity research analyst in a top Investment Bank, and since July 2000 I work in a private equity firm in Spain. From my experience, also as a IB recruiter for junior positions, I want to stress the following: 1) High school grads are important, but the great challenge is just starting, recruiters will care about your performance while at university. 2) As important as your grades, or even more important, are your extracurricular activities and social life, show you are not a lab rat but an enjoyable guy eager to play an important role in a teamwork environment 3)Plan to do at least one intership before you start your last university year, a trip to Europe to study another language? 4)In my opinion IB is great but not so much as a junior analyst (shitty work, long hours,weekends, lack of visibility...) maybe a wiser alternative is to start your first two-three years in equities (you will learn more and will have much higher responsabilities and visibility) and plan to do an MBA in top B-School. After that you can start a career in IB as an associate. I agree with the guy from Lehman about the prospects in venture capital, it is better to come here once you are a sound and very senior proffesional coming from either management consulting or IB. In fact, I am applying this advice to myself since I am starting an MBA next September and probably will go to IB after that. I have been accepted at Anderson (UCLA) and Kellog and I am still very undecided. On the one hand I prefer the environment and culture of UCLA, on the other hand I wonder about the different career opportunities at these two B-schools given their different positions in the rankings. Does anyone can help me with this? Good luck (and take it easy if you continue this way you will have plenty to choose from...)
Message: Unless you know you want to work in Los Angeles after your MBA, perhaps in entertainment, Kellogg is your school. I'm an MBA student at a top 5 school, not Kellogg, and can tell you it makes a world of difference. Whether you want to work in banking or consulting, Kellogg will give you much better options than UCLA. While Kellogg is not necessarily thought of as a conduit into the banking world, I have a number of friends currently there that landed BB IB jobs. Chicago winters can be very tough (I grew up in Chicago), but the sacrifice is worth it for your career. Additionally, many people come to b-school knowing they want to be a banker, and then realize they would enjoy something else more. It is all about keeping your options open, which again means Kellogg over UCLA.

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