<p>Anyway Quakerman, we digress. The point is, one does not have to major in Finance to get a job at an IB. Almost any degree from a top university can get a student’s foot in the door at an IB. It requires a little more effort and initiative, but it is very common.</p>
<p>I am not sure if there is an official cut-off. But most IBs prefer 3.4 or 3.5 GPAs and better.</p>
<p>There is no such thing as a strict IB cut off in undergrad recruiting…although 3.5 tends to be the general rule for them to take your resume seriously. I was a philosophy major at NYU and I went to a large bank with a 3.5, which as far as GPAs are concerned, is pretty good but not spectacular, especially in liberal arts fields which have lots of grade inflation. I-banks also tend to like athletes (I played varsity soccer)…so grades aren’t the only thing. If your grades are decent, and you have a personality, your major does not matter at top colleges like NYU, MIT, Penn, Mich, etc. Where finance majors at schools like Stern and Wharton have the advantage is that they have less to prove since they already know the financial concepts, and since there are brutal curves in these undergrad b-schools, they are rightfully cut some slack as far as gpa’s are concerned. Liberal arts majors in on the other hand have to show they are cut out for wall st…which of course is very possible (finance is the top career choice for CAS students at both NYU and Penn). </p>
<p>As far as finance major versus econ major…it depends on what you want to do. More grad students have econ. backgrounds, whereas a greater portion of finance students end up on wall st. and the private sector. If you have law school, med school, or some type grad degree besides MBA as your goal, econ is probably the way to go. If you know for a fact you want to be a banker, I’d say go for finance to make the recruiting process easier.</p>
<p>There are an incredibly high amount of econ grads on wall street, if not the biggest recruitment schools (The Ivies Duke etc) wouldnt have the presence they do!</p>
<p>my list is as follows:
Wharton, Columbia, Michigan, Cornell, Gtown, UVA, Carnegie Mellon, Pton (maybe) and Maryland
Finance major where they have an UG biz program and econ/math at places like Columbia and Pton. Essentially grad from a top school with a solid GPA and you will have many opps. However no way in hell am i going to be a banker…trading is for me :)</p>
<p>“However no way in hell am i going to be a banker…trading is for me”</p>
<p>If you know what you’re doing I’d say good decision since I’m love trading myself. But there are definitely things you should consider before making a decision like this at age 16 (I’m an ex-investment banker whose now at hedge fund, so I know both sides of equation). </p>
<p>This was discussed in more detail in a prveious thread, this is also for other wannabe traders who can’t legally drink yet:</p>
<p><a href=“http://talk.collegeconfidential.com/showthread.php?t=30757&page=3[/url]”>http://talk.collegeconfidential.com/showthread.php?t=30757&page=3</a></p>
<p>Check it out if you haven’t done so.</p>
<p>HI! i want to study finance, economics, or any business related mayor. I have been accepted to Northwestern and University of Texas at Austin (Red McCombs Business School) but i dont know which school to go to. Austin has a very high business undergrad ranking (like 6th i believe) but Northwestern sounds more. I want a really high starting salary right after college… please which college should i go to?</p>
<p>i really need some help… i think i want to major in finance.
which would you guys choose between:
NYU Stern (Honors), UMich (Honors), or UC Berkeley</p>
<p>considering also i’d still have to apply for the business program my junior year for mich and berkeley.</p>
<p>Actually, at Michigan, you can now apply after your Freshman year. </p>
<p>Anyway, unless you really love Michigan and do not really care for NYU, I would say go for Stern. It is at least as good as Michigan in Finance…I would say even better, and you are guaranteed Stern, whereas Ross is 50/50 at best. I would recommend Haas the least of the three.</p>
<p>
</p>
<p>Join the club! It’s currently at around 6 billion members and growing.</p>