what does an investment banker do exactly?

[SindhiMC]

is it very different from what an financial advisor or analyst would do?

[SindhiMC]

wow 20 views and no reply

[nayeemx33]

http://www.careers-in-finance.com/

[SindhiMC]

thanks man!

[dandiwal_jatt]

is it possible to get an IB job if u did not graduate from an Ivy school?
what about UCSD?
are there any local investment banks in california?

[nayeemx33]

is it possible to get an IB job if u did not graduate from an Ivy school?
what about UCSD?
are there any local investment banks in california?

Graduate from 10 MBA program, if you want an IB job.

[dandiwal_jatt]

Graduate from 10 MBA program, if you want an IB job.
u mean after doing my undergrad?

do my MBA from one of the top 10 schools in US?


?

[reaz]

u mean after doing my undergrad?

do my MBA from one of the top 10 schools in US?


?

yup. that's what he said.

[NYC101]

is it possible to get an IB job if u did not graduate from an Ivy school?
what about UCSD?
are there any local investment banks in california?

not if you want to be with a bulge bracket bank

[NYC101]

is it very different from what an financial advisor or analyst would do?

much different. It's broken down between Sales & Trading, Corporate advisory, and research. Just visit sites of Goldman Sachs, Morgan Stanley, and Lehman Brothers to get an idea. Also, you work 80 - 90 hours per week, but get paid beyond your wildest dreams

[reaz]

much different. It's broken down between Sales & Trading, Corporate advisory, and research. Just visit sites of Goldman Sachs, Morgan Stanley, and Lehman Brothers to get an idea. Also, you work 80 - 90 hours per week, but get paid beyond your wildest dreams

what is the average pay approximately?

[dandiwal_jatt]

ok so UCSD offers 3 majors, which is the best if i want to get a job as a financial analyst or sumthing, UCSD doesn't even have Finance major

-Economics (BA)
-Management Science (B.SC.)
-Joint Econ-Math double major

[bender]

what is the average pay approximately?

$55,000-$60,000 for 1st year analyst, and I believe a $10,000 signing on bonus.

[reaz]

$55,000-$60,000 for 1st year analyst, and I believe a $10,000 signing on bonus.

That's not much.. :|

I was under the impression that a 80-90 hour job as financial analyst would be much more rewarding, in the vicinity of $200k

[nayeemx33]

That's not much.. :|

I was under the impression that a 80-90 hour job as financial analyst would be much more rewarding, in the vicinity of $200k

They can make that much money in their 3rd year.

[bender]

That's not much.. :|

I was under the impression that a 80-90 hour job as financial analyst would be much more rewarding, in the vicinity of $200k


I think they make up their base salary with bonuses. It's the bonuses that are a lot of money. $200k is the range for the managing director or vice president. An associate with and MBA can make around $100,000 a year. Most people get into investment banking because of the bonuses and the skillset. If you have investment banking experience you can get into venture capital, hedge funds or private equity. The normal route is to work in investment banking for 2 years get an MBA and go into private equity, but I hear from people who are anaylst that the lifestyle sucks. Meaning you are working Mon-Sun, no vacations, an no holidays.

[dandiwal_jatt]

I think they make up their base salary with bonuses. It's the bonuses that are a lot of money. $200k is the range for the managing director or vice president. An associate with and MBA can make around $100,000 a year. Most people get into investment banking because of the bonuses and the skillset. If you have investment banking experience you can get into venture capital, hedge funds or private equity. The normal route is to work in investment banking for 2 years get an MBA and go into private equity, but I hear from people who are anaylst that the lifestyle sucks. Meaning you are working Mon-Sun, no vacations, an no holidays.
so like many people go in IB after their undergrad? and get their MBA later on?

also for Venture capital /private equity etc don't u need to have an engineering background too?

[bender]

so like many people go in IB after their undergrad? and get their MBA later on?

also for Venture capital /private equity etc don't u need to have an engineering background too?

Yeah, they do a summer internship at a bank and if they are lucky get a full time offer. No, you don't need an engineering backgroud to get into private equity or venture capital, but maybe it would help if you are working for a firm that does deals in industries that deal with engineering. Also, you don't need a business degree to get into IB at the big banks, but for boutique firms they look for business majors (finance, mangement, accounting, and economics majors).

[dandiwal_jatt]

Yeah, they do a summer internship at a bank and if they are lucky get a full time offer. No, you don't need an engineering backgroud to get into private equity or venture capital, but maybe it would help if you are working for a firm that does deals in industries that deal with engineering. Also, you don't need a business degree to get into IB at the big banks, but for boutique firms they look for business majors (finance, mangement, accounting, and economics majors).
ok if i work my butt off and i am lucky enough to get internships and stuff is there any change i can break into IB from UCSD?

should i do doulbe major in Economics and Management Science

[bender]

ok if i work my butt off and i am lucky enough to get internships and stuff is there any change i can break into IB from UCSD?

should i do doulbe major in Economics and Management Science

The generics are having a good GPA, and extra curricular activities. In my opinion, study what you want to study. If you want to study economics because you have an interest in it then do it. Don't do it because you want to get into IB. People get into IB, and then figure out it's not that glamorous and leave. Also, you go to UCSD don't you have a business school there?

[dandiwal_jatt]

The generics are having a good GPA, and extra curricular activities. In my opinion, study what you want to study. If you want to study economics because you have an interest in it then do it. Don't do it because you want to get into IB. People get into IB, and then figure out it's not that glamorous and leave. Also, you go to UCSD don't you have a business school there?
i got scholarship and grant n stuff....
dayum so i should have gone to a business school?

actually UCSD's Econ program is very good, one of the top in the nation,
i do know that its graduate econ. department is 10th in US and 7th if u consider only public universities

[reaz]

I think they make up their base salary with bonuses. It's the bonuses that are a lot of money. $200k is the range for the managing director or vice president. An associate with and MBA can make around $100,000 a year. Most people get into investment banking because of the bonuses and the skillset. If you have investment banking experience you can get into venture capital, hedge funds or private equity. The normal route is to work in investment banking for 2 years get an MBA and go into private equity, but I hear from people who are anaylst that the lifestyle sucks. Meaning you are working Mon-Sun, no vacations, an no holidays.

you don't paint a nice picture about the profession. but then again I figured it wouldn't be all that.

[bender]

i got scholarship and grant n stuff....
dayum so i should have gone to a business school?

actually UCSD's Econ program is very good, one of the top in the nation,
i do know that its graduate econ. department is 10th in US and 7th if u consider only public universities


What I meant about the business school is, if you have a business school at USCD you could talk to the banks visiting the campus.

[dandiwal_jatt]

What I meant about the business school is, if you have a business school at USCD you could talk to the banks visiting the campus.
oh i see thanks :D

[bender]

you don't paint a nice picture about the profession. but then again I figured it wouldn't be all that.

There is also sales and trading. It's intense, but you work until the market closes and you get holidays off and weekends off. Plus you make big bonuses.