<p>First of all, there are no more independent ibanks; only commerical banks</p>
<p>What are the best undergrad schools to go to in order to get a job in ib (the highest chance of landing a job)?
-Wharton and Harvard, with YPS and MIT a close second
Should I get an MBA before working?
-You can but it is not necessary. Most people interested in such a career become first year analysts right after graduating college
I have a very good chance at NYU, but should I try to cancel the ED and apply to a better school?
-NYU has good location and internship connections, but is not in the same league as Wharton, Harvard or the others I mentioned; your call
What exactly does S&T stand for?
-Sales and Trading, an important and once-very-profitable division of ibanks. However, most people in ibanks are in mergers & acquisitions (M&A)
Is it possible to get an internship at a major ib for the summer before college (so coming out of high school)?
-No, at least not in the traditional sense of an “investment banking internship.” Keep in mind that even juniors in college at top schools have to work very hard to get a bulge bracket internship (multiple interviews, recruiting, resumes, etc.)</p>