<p>Does Ibanking require alot of math? I hate math, mostly algebra type stuff. If its like plug this in, use excel, then thats easy.</p>
<p>From what I’ve heard, i-banking doesn’t really require very complicated math, but you will be doing a lot of quantitative analysis as an analyst, such as number crunching on Excel and making spreadsheets. The ability to do basic speed math and knowledge of statistics is probably more important than theoretical math.</p>
<p>I would say finance, economics, statistics, and math are the four best majors.</p>
<p>Hahahaha ibanking requires no math at all. If you are looking for intellectual stimulation, IB isn’t exactly the top field to enter</p>
<p>Sebma the four best majors in my opinion would be finance, economics, accounting/statistics and math. </p>
<p>You could look at the natural sciences but I would definetely want to major in one of the 4 majors listed above before I did natural sciences if I was looking into IB.</p>
<p>Well in my school Math 4xx (I forgot the exact number) is called Mathematics of Finance, and it requires linear algebra, which in turn requires Calc III. What’s up with that? Is it for only actuaries?</p>
<p>who told you that linear algebra requires calculus III? </p>
<p>I’ve taken both and they’ve really no correlation. Linear algebra has systems of equations which you solve (that’s the most important part of it) and Calculus III is multivariable calculus which in involves partial derivatives and multiple integrals, line integrals, etc…</p>
<p>Citadel Group - Got another one…</p>
<p>Undergraduate/Masters</p>
<p>Carnegie Mellon University
Harvard College & Graduate School of Arts and Sciences
MIT
NYU
Princeton University
Stanford University
University of Chicago
University of Illinois <strong><em>Yay</em></strong>
University of Pennsylvania </p>
<p>MBA</p>
<p>Harvard Business School
University of Chicago Graduate School of Business
The Wharton School of the University of Pennsylvania</p>
<p>GOT MORE!</p>
<p>Jefferies & Co. - Both UG and MBA</p>
<p>Bath
Boston College
Columbia
ESCP-EAP
Harvard
INSEAD
LBS
LSE
MIT
Northwestern-Kellogg
NYU
Princeton
Stanford
UC Berkeley
UCLA
University of Chicago
University of Michigan
University of Pennsylvania
University of Texas
University of Virginia
Wellesley</p>
<p>If you want to work at jeffries, I pity you</p>
<p>There is nothing wrong with Jeffries. Getting a position at any solid ibank is very difficult. And Jeffries is a good firm. </p>
<p>When compiling lists you must remember that even though they recruit at many of the “less prestigious” schools this is actually for back office work rather than the front office.</p>
<p>see what I said before, look at the names of the schools on the afformentioned lists</p>
<p>What kind of math does FINANCE deal with?</p>
<p>What are IB recruiters looking for when they come on campus? What Kinda people do they hire?</p>
<p>I think u spend most of your time building “models” what exactly does that mean? Also I think when you’re not doing that you’re working on some kinda project (a "something"book)</p>
<p>I just trying 2 know more bout the profession…</p>
<p>You dont make models as an Ibankers. Models are made by traders, quants, and researchers. IBD guys make pitchbooks. They are basically salesbooks, which like the ones at department store, targets customers. Difference is they dont sell to the public but to the big investment houses. </p>
<p>IB recruiters really dont look for anything specific. IBD doesnt require incredible quantitative abilities. Calculus is enough. History majors can get IBD positions.</p>
<p>So basically they need to understand the markets and keep very up to speed on all the transaction etc… so that they can make those pitchbooks? Sounds like theres a bit of marketing involved, psychology might be helpful as well and I imagine theres quite a bit of statistics…</p>
<p>From what I’ve heard analitical skills and math are the most hepful…
Is this the kind of proffesion you spend your day on the computer?</p>
<p>Are there any Ibankers on CC?</p>
<p>trust me it isn’t analytical or quantitative. thats why there are liberal arts graduates in there</p>
<p>Well here the prereq for math 217 (linear algebra) is math 215 (calc 3). I’m guessing the math 4xx is not for IBD but some other, more theoretical financial field. By the way, I thought jefferies was one of the harder boutiques to get into</p>
<p>No you dont spend all your day on the comp. </p>
<p>Yes redhare jeffies is one of the better boutiques. Of course not as good as Lazard or Greenhill which are up there with goldman.</p>
<p>“By the way, I thought jefferies was one of the harder boutiques to get into”</p>
<p>I suppose it depends upon how you look at it. If you view working 90 hours a week at age 23 as a great opportunity, then go for it.</p>
<p>Yes but if you work 90 hours a week at the age of 23 and do well at your job at an IB then pretty soon while everyone you know is making around 100K you will be making 200 or even 300K. Then if you are damn good at what you do and you have what it takes to rise to the top in IB you will be making millions per year meanwhile everyone else will be in the six figure range while you will be in the 8 figure range annually after all bonuses and extras are done with.</p>
<p>So yes, it does require 90 hours a week fresh out of college. So you will have no life. If you are good at what you do the potential to make millions is there and you can achieve it at a rather young age. Hey success never comes easy there are always sacrifices along the way. if you are willing to sacrifice your prime years (23-30) when you should be enjoying life but instead ar working 24/7 but don’t mind making a lot more money that a lot of people in this world 5-10 years from that point then go for it! :)</p>