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Old 10-20-2007, 03:21 AM   #16
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you get like 60k salary and average bonus is ~200k right out of college for top firms...

I believe the average bonus is closer to 50k, but you're right that IBanking is extremely lucrative. But I think nobody's mentioned it is cause you're also not going to get one of these positions at a top firm unless you go to a top-notch undergrad that's known for finance (it's one of the few fields were UG is far, far more important than Grad), and I'm assuming that is not the case for John5170.
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Old 10-20-2007, 07:48 PM   #17
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y is it not the case for me?

and how can ug be more important than grad?
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Old 10-21-2007, 04:48 PM   #18
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because you probably don't go to Penn.
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Old 10-22-2007, 12:18 PM   #19
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Because if you're considering a path in science/business it's unlikely you're going to a heavily recruited school for finance. For finance UG is the most important because it sets you up with a network and a lot of firms only heavily recruit from <8 schools (don't be fooled by what they say on their sites, oftentimes there's only one spot available for a lot of the universities they "recruit" from). A lot of successful bankers don't even bother getting MBAs because pay is so performance-based anyways and it's not worth it.

Also, you pretty much have to know for sure what you want cause IB is cutthroat and I know at least at my school where it's a major focus the competition is intense.
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Old 10-22-2007, 12:23 PM   #20
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Look into being an actuary.

It is very, very math-oriented, and after you graduate you have to pass 10 rigorous exams over the next eight to ten years. However, if you enjoy solving problems, it's very interesting, and you get to sit at a desk and work with other intelligent people. The pay can be as high as $200K to $300K if you're really good.
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Old 10-22-2007, 12:34 PM   #21
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^ Yes, and as a fall back you can be a CPA...(can't pass actuary).
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