Untilted

HELL NO.

Econ majors can be just as good. you just have to have great credentials to compete with the Ross people when it comes to recruiting

pimpthatthang

damn. i don't like to "compete". i'll just go to stern if i get rejected from wharton

Flavian

You'll have to compete anywhere you go. Wharton is one of the most competitive envirnoments in college. Someone near the bottom of Wharton's class will easily get trumped by a Penn econ major with good credetials or even by a strong Penn engineer.

Alexandre

LSA students do well for themselves. I personally had no intension of studying business as an undergrad. I majored in Econ. It gave me a great academic foundation and I had no trouble finding jobs before I even graduated.

parikhs

pimp that thang...i'm glad you are so sure you'll get into Stern

Untilted

believe it or not......these days..........most people who end up getting offers from investment banks are either business or economics majors. it's possible for a history major to get it, it;s just harder.

quakerman

I would like to see him get rejected by both stern and wharton. theres nothing good about a conceited 17 year old talking bad about a school he has never attended.

GrouchoMarxist

out of curiosity, how many people here:

1. know what an investment banker/trader is
2. have interviewed for invesment banking/trading jobs
3. have worked at an investment bank
4. are in any of the colleges theyre babbling about
5. and to sum it all up, do any of you know what banking, trading, consulting entail? getting an analyst position after the college isnt the end but the begining. there are no such thing as co-op programs, theyre called summer analyst jobs and you interview for them as hard as you would a full-time job. the list of target schools are set and there is no reason for morgan stanley to recruit bums from bumpkin U. There are smart hardworking kids at all of the schools youre talking about and just as many idiots that will get turned away when they dont pass through the 3-5 stages of interviews for summer internships and full time jobs. go to vault.com to get a better idea. also, VISIT THE HOMEPAGES OF ALL THE INVESTMENT BANKS.

www.gs.com
www.morganstanley.com
www.bankofamerica.com/career
www.jpmorgan.com

and so on...

many kids realize they dont have what it takes to be an
investment banker cuz you need to work 100 hours a week
trader cuz you have to be smart and work 60 hours a week
consultant cuz you have to be like a banker, smart like a trader and travel constantly.

3 criteria youre judged on for interviews
Intelligence
Ambition
Personality

this isnt bull im makin up to defend my ego or just feel smart, its just the status quo, and wall st works on the status quo.

eternity_hope2005

You don't scare me marxist .If a person can make it through a top engineering school with a hard major like EE or chemE; i-banking is a walk in the park. The trick is getting into a firm since you're competing with tons of grade-inflated business majoring ivy league smart-ass pests.

GrouchoMarxist

EE, physics, math triple major at MIT still wouldnt require 100 hours a week for 2 years, 1 week off. Im not trying to "scare" you, getting paid 100grand (base + bonuses) is a very sad idea of scary. No one really seems to understand what it entails. Plenty of kids survive it, generally theres a 30% attrition rate. It just really sucks, thats all. I think the worst part about banking is that at least in EE youre learning things, difficult and justifiable things. Banking is very very simple and boring. And alot of it. You will dream in Excel. You will sleep on the floor of your cubicle with your Blackberry on your chest for an hour waiting for your MD to call. It just sucks. Im happy to be going into trading. But good luck on banking, a majority of the front office jobs are ibanking so many of my friends at columbia/nyu are goin there. The jist of it, youre fighting for a job you dont really want.

guguru

theres probably a lot more stress involved in a ib firm than there is in college. i doubt u have to study 100 hours a week for engineering, and i doubt ur gonna have as much as stress as a trader. read liars poker, the environment is alot tougher than school, so saying ibanking is a walk in the park is extremely ignorant, no offense. citadel investment fires first year undergrads after training b4 they even start working, and facing something like that is tougher than facing a test in college.

GrouchoMarxist

not to mention

tons of grade-inflated business majoring ivy league smart-ass pests

they compromise a majority of colleagues. if thats what you think of them, remember you spend 100 hours a week (or 60 hours of very close trading floor contact) with these people. If you think theyre vermin, its gonna make the days veeery long. Alot of the **** is politics, welcome to the real world.

There are alot of engineers, math and physics representation on trading floors AND WITH ivy league degrees and WITH good gpas. people actually do get As at Princeton Engineering albeit less than a bschool. Thats your competition, esp in trading, smaller analyst classes.

the guy above me has it right.

eternity_hope2005

There is a difference between "tedious" work and "highly intellectual" work. For example, 2 hours spent on a complex operation by a resident surgeon is more of a formidable task than spending 10 hours crafting out a pitchbook as an investment analyst. You don't just start counting up hours spent on the job. It's about what kind of work the job is composed of.

GrouchoMarxist

you're right. duh.

eternity_hope2005

^^In that case, don't try and compare doing a triple tech major at MIT to i-banking because the former is much more challenging and difficult than the latter.

Look Marxist, it's nothing personal. I'm just saying that engineering majors at top engineering schools are very well prepared for i-banking. The stress is really nothing that much newer.