I want to work on Wall Street; how important is my undergrad school?

<p>If you want to enter IB after college, then yes. If your aim is to enter an MBA program after college and then pursue IB, then it matters less (but it still matters). HTH. Most high schoolers do not really know what IB entails. Can you tell me why you’re interested in the field?</p>

<p>First page, 2nd or 3rd post from the bottom. I explained it, and while the reasoning may not be very good I want to have my sights set on something rather than blindly pursuing a career halfway through college. </p>

<p>IB seems high-risk (I like that), hard work (I like that), and pays well (I really like that). Call it what you will but as of right now I want to someday be working on Wall Street as an investment banker.</p>

<p>Kelley is a better b school than Fisher.</p>

<p>USNWR has it ranked 23; Fisher is 25. I don’t see how it’s blatantly better.</p>

<p>Business Week has Fisher as higher than Kelley I’m pretty sure.</p>

<p>"Obviously it’s a bit premature, seeing as I’m still in high school, but good question.</p>

<p>I want to go to graduate school. And I love studying economics/business. And I want to make money. So investment banker seems the way to go. That may seem fickle and childish but it’s true. </p>

<p>Oh and I also have this weird kind of “dream” where I have a beautiful high-rise apartment in Manhattan and I walk to my office on Wall Street every morning. Yes, childish, but it’s a dream so for now I’m sticking with it."</p>

<p>…i’m speechless. From that, I surmise you have no idea what the job entails. It’s akin to someone saying they want to be a doctor because they want to make a lot of money and help people. It’s not that easy, at all. Additionally, everything you’ve described applies to a myriad of other fields (lots of people work in a high rise building in New York?!?). And you won’t be making risky decisions with other people’s money as an analyst, that’s for sure (unless you work for JP Morgan)</p>

<p>I don’t need the sarcasm I’m just looking for answers, which you did provide so thank you. </p>

<p>Honestly, I have no idea what I want to do but right now IB seems to be it, but that could change. I don’t see what’s so weird/funny about that but I guess it is.</p>

<p>“USNWR has it ranked 23; Fisher is 25. I don’t see how it’s blatantly better.”</p>

<p>Have to have a cutoff somewhere. lol. Seriously, the list is only one person’s opinion. Take it with a grain of salt.</p>

<p>^ I don’t even know what you mean by that but okay. </p>

<p>Fisher is just as good as Kelley in my opinion but you can continue to tell me it’s not.</p>

<p>Blah, I’m a sophomore in high school. I don’t know anything about anything. I don’t know what I want to do or how I’m going to do it. I know I want to make money, and for right now that’s good enough to me.</p>

<p>You may think it’s foolish, but I think it’s pretty healthy for me to work towards something in particular. How can working my ass off to get into a good school in order to be an investment banker a bad thing? How? As far as I see it, working my ass off will prove to be profitable in the end. Even if all this changes and my hopes and desires change, I’ll have worked hard for something and that’s all that matters to me.</p>

<p>Don’t patronize me, I’m not a wide-eyed school boy who hopes to be an astronaut someday. I have palpable desires that I want to one day attain, and belittling me for it is just pitiful.</p>

<p>The problem is the tangible benefits you are so fond of with this career are applicable to other fields as well. And at this stage, you have no idea how much work is entailed in IB or even what you would be doing on a day to day basis. You can’t even articulate what an IB does to me. It’s great that you have goals. But what if you decide to change majors or decide that IB isn’t for you (like medical school for many many premeds out there). Are you going to base your college choice on a hypothetical situation that’s likely to change? Imagine going to Georgetown McDonough and realizing IB isn’t your calling or business altogether. Do a little more research before deciding on a school just because you want to “live in New York, work hard, and make a lot of money”. At least some of the premeds can tell me accurate facts about the profession prior to college and can articulate to me some of the actual difficulties they’d be likely to face as doctors. These are the ones that impress me during interviews.</p>

<p>I completely agree with everything you just said. I’m not “deciding on a school” anytime soon; I’m barely finished with my sophomore year. I have time, and exploring different career options is something I’m doing now instead of switching my major halfway through college. </p>

<p>From my point of view, I feel like if I push myself to get into a good school, and I get into a good school, and I go to a good school, the benefits I’ll reap from having attended said school will outweigh any negatives. So, I guess it was childish to say I absolutely want to be a banker; I don’t know that yet. I’m just exploring my options, because, for lack of better words, the world is my oyster.</p>

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<p>I was generalizing mostly. Although I would prefer to find school issued surveys rather than BW’s.</p>

<p>Also, regarding the IU vs. OSU debate, Indiana has an IBD workshop that places very well from what I’ve gathered. </p>

<p>And as many people have said before, high/low ranking does not translate to top/non target status. I believe MSB is barely ranked in the top 20, but it places lights out on the street.</p>

<p>To answer the OP’s question, the more prestigious a school is perceived by the Street, generally the easier it is for one to break into IB from undergrad.</p>

<p>In vague, not nearly exact, order it’s kinda like Wharton, Harvard, Princeton, Stanford, Dartmouth, Yale, Duke, Brown, Cornell, etc. schools like OSU would be non-Targets so on-campus recruiting isn’t done at least not nearly at the same level as at the top schools.</p>

<p>A little more gently - if your goals are simply to make money, live in a high-rise apartment in Manhattan and you like studying economics or business, there are tons of career fields out there for you. Investment banking is just one of them. There’s management consulting, general management, finance, operations research - there’s even corporate law, if you can get a job at a top firm.</p>

<p>Ah I see. I was under the impression that most bankers have an MBA and get recruited out of grad school.</p>

<p>Thanks for all the info though, it’s very helpful.</p>

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<p>My daughter went to an Ivy where it was common to find students with this same dream. In fact three of her roommates went to Wall Street after graduation. All three have since left on moved on to other places and other jobs that they like much better. </p>

<p>One girl in particular was obsessed with this dream. Her whole time in college was spent taking classes and doing things to polish her resume for Wall Street as well as cultivating Wall Street connections and planning how to live out her dream. Upon graduation she fulfilled her dream and landed a Wall Street finance job at a top firm. Two years later she had quit and moved back to Colorado and gotten a job she liked much better than her Wall Street “dream.”</p>

<p>Sometimes dreams just don’t live up to the reality.</p>

<p>efeens - what is your work history so far? Have you had jobs during college or in the summer? Can you get a job that is finance-related so you can get some experience doing spreadsheets, forecasting, analyzing numbers all day long? Just a thought…</p>

<p>I haven’t had any jobs but in about to get hired at a grocery store for the summer. I’m only a sophomore however. Thank you for the suggestion Classof2015, I’ll definitely keep that in mind.</p>

<p>There’s nothing wrong with having a goal; however, you need to consider how sure you are about that goal before you consider it when making significant decisions.</p>

<p>You are a sophomore. Study hard, get good grades, take your standardized tests seriously, find extracurricular activities you enjoy, and be sure to have some fun in high school. If you do all of that, you will be fine. A year from now we can talk about colleges.</p>

<p>Thanks…that actually really helped put this whole process in perspective. I appreciate it.</p>