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Why do CC'ers make love to I-Banking?

MightyNickMightyNick Registered User Posts: 2,097 Senior Member
edited July 2007 in Business Major
Why is this forum obsessed with getting I-Banking jobs? For god's sake there are hundreds of careers out there that are quite lucrative, and its not the end of the world if you don't go to a target school. This obsession with I-Banking is gettting on my nerves!!!
Post edited by MightyNick on
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Replies to: Why do CC'ers make love to I-Banking?

  • aquamarineeaquamarinee Registered User Posts: 3,028 Senior Member
    It just seems like I-Banking starts out as one of the most lucrative. :)
  • jnpnjnpn Registered User Posts: 787 Member
    Because I-Banking does that thing with its tongue.
  • sp1212sp1212 Registered User Posts: 795 Member
    I also don't get this forums obsessions with school rankings.






    *waits to get attacked by ivy leaguers and other target school students*
  • Sheed30Sheed30 Registered User Posts: 12,425 Senior Member
    lol, jnpn.....yesssssssssss
  • MightyNickMightyNick Registered User Posts: 2,097 Senior Member
    I can understand why people are obsessed with school rankings. They help you chose the schools you want to apply to. But what's so sexy about I-Banking? I mean, you're treated like a b**** by your bosses, work long hours and don't have a social life of your own. I've been reading this forum for 2 years now, and I never saw these many I-Banking threads!! And by talking about I-Banking everyone on CC just degrades the non-target Business schools and makes them seem like they're crappy places to get an education.
    Because I-Banking does that thing with its tongue.

    LOL!
  • jnpnjnpn Registered User Posts: 787 Member
    But what's so sexy about I-Banking?

    Serious answer: money, exit opps, selective=prestigious, and some people just like the work
    And by talking about I-Banking everyone on CC just degrades the non-target Business schools and makes them seem like they're crappy places to get an education.

    There are a bunch of quality non-target schools; the only issue is that it's tough to break in to ibanking from them. Basically, ibanks use school prestige as an easy way to narrow down the giant applicant pool.
  • MightyNickMightyNick Registered User Posts: 2,097 Senior Member
    There are a bunch of quality non-target schools; the only issue is that it's tough to break in to ibanking from them. Basically, ibanks use school prestige as an easy way to narrow down the giant applicant pool.

    Yeah that's true. CCers are prestige whores. For most of them all non-ivies and non-Ibanking jobs are crap. I can't believe how narrow-minded such smart people can be at times.
  • VectorWegaVectorWega Registered User Posts: 1,872 Senior Member
    Why does someone need to make 200k? Do they need all that money? Do they want to keep up with the Joneses? If they are, they need to shoot a lot higher than Investment Banking because in the big scheme of things 200k isn't crap.

    If you take a gander at Fortune's list of the wealthiest people in the world you will find very few Investment Bankers or even former Investment Bankers. If you want to be the true cream of the crop, why waste your time competing head to head with the "best" and the "brightest". It seems to me that the people in this forum would rather work harder rather than smarter. To each their own.
  • Mr PayneMr Payne Registered User Posts: 8,850 Senior Member
    1) High(est) salary.

    If it didn't have a high salary no one would care.
  • Mr PayneMr Payne Registered User Posts: 8,850 Senior Member
    If you take a gander at Fortune's list of the wealthiest people in the world you will find very few Investment Bankers or even former Investment Bankers. If you want to be the true cream of the crop, why waste your time competing head to head with the "best" and the "brightest". It seems to me that the people in this forum would rather work harder rather than smarter. To each their own.
    IBanking is a relatively low risk endeavor in comparison to entrepreneurship. People are quite fine making 99th-99.9th percentile money, even if they don't become "mega" rich.
  • TheMK99TheMK99 Registered User Posts: 1,019 Member
    high salary
  • IBanking_hopefulIBanking_hopeful Registered User Posts: 6 New Member
    highest salary </thread>

    "If it didn't have a high salary no one would care."

    I think thats a bit shortsighted. I truely do like investment banking. I dunno about you, but analyzing the market and helping provide financial advice to companies is something I enjoy (I think). However, I do dislike the super long hours, but I dont think its fair to say that all people only care about the money.
  • MightyNickMightyNick Registered User Posts: 2,097 Senior Member
    Yes, I'm aware that most people want to go into I-Banking because of the money. However, the fact that most of the threads on here discuss I-Banking and target schools that you need to go to in order to get that job creates this aura of elitism. I think people should be more concerned about the type of college they should chose in order to have the best possible undergraduate experience. They shouldn't be overly concerned with the kind of jobs they're gonna get out of college because right now, most of us are in high school or in freshman/sophomore year of college.

    If people want to find out which colleges you need to go to for I-Banking, take a look at websites like these -http://www.citigroup.com/citigroup/oncampus/d/cib/profiles.htm#

    You guys will get a better idea of what kind of people IBanks look for by going to company websites rather than by posting on here, because most people on here are just gonna give you BS responses based on what they've heard or assume. Very few of us have real world experiences!
  • MightyNickMightyNick Registered User Posts: 2,097 Senior Member
  • waldo_pepperwaldo_pepper Registered User Posts: 17 New Member
    I spent most of my undergraduate days surrounded by people of that sort. Entirely enamored of the simple notion of investment banking, with little idea of how soul-draining the work is. These were people who watched "American Psycho" and said "that's how I want my life to be, without so much of the murder part."

    More than a few of them got their wish, in all its prematurely grey, coke addled glory. They are almost uniformly miserable, and, frankly, I don't feel much sympathy. Admittedly, anecdotes do not equal data, and certainly there were some who thrived in that atmosphere, but truthfully, those I knew who did well were generally those whose company I enjoyed the least.

    In graduate school, I have some fellow students who spent time in I-banking; every single one looks at least 10 years older than their actual age. To those high schoolers with dreams of Wall Street glory I say: be careful what you wish for, it just might come true.
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