<p>[New</a> York University: Undergraduate Profile - BusinessWeek](<a href=“Businessweek - Bloomberg”>Businessweek - Bloomberg)</p>
<p>Under Alumni Affairs & Careers 77% get offered jobs by graduation and another 21% get offered jobs after 3 months, which means 98% of the graduates get job offers.</p>
<p>How is this possible? I’ve heard over 70% of Stern kids drop resumes for jobs and only 20-25% actually get them. </p>
<p>Frankly, I don’t understand how this number is possible. Can anyone give me some insight?</p>
<p>It’s realistic.</p>
<ul>
<li>Not everyone wants to do investment banking</li>
<li>Of those who do, not everyone gets a bulge bracket banking job. A lot go to the boutiques or middle market firms</li>
<li>A lot of kids go to accounting, the Big 4 recruits heavily here</li>
</ul>
<p>20-25% only get jobs? What kind of logic is that?</p>
<p>Well I heard that only 15-20% receive an analyst position at most elite boutiques / BBs
and most get mid-tier jobs that don’t pay much </p>
<p>so that would probably add up to maybe 60%? I definitely don’t think that 98% is an accurate representation…</p>
<p>98% includes those people who got a job non-business related, got a temporary job, an underpaid job, etc.</p>
<p>
“Mid tier,” i.e. those who don’t get the bulge bracket or elite boutique jobs, still get paid. Compensation is referred to as “Street,” i.e. it meets the norm for Wall Street. If you’re at a middle market firm, you’re making 90-120k for the bulge bracket kid’s 110-130k. That’s still phenomenal money. No complaints there.</p>
<p>Oh okay thanks for the clarification guys.</p>
<p>Based on your experience, what percent of finance majors / accounting majors actually receive jobs in their degrees? </p>
<p>What percent is generally underpaid / receiving part-time jobs?</p>