<p>Is Berkeley a good enough school to even have a shot at it?</p>
<p>Have you not opened a newspaper since October? Do you realize that no one is hiring in IB anymore? Do you really think its as lucrative as it use to be? Please don’t come to Berkeley if you intend on being an IB robot.</p>
<p>Do you realize the economy is going to fix itself by the time he graduates? Do you really think the world economy is going to be in a slump like this forever? Please don’t post if you want to judge someone for what they want to do with their life.</p>
<p>Yes, people from Berkeley do get IB jobs.</p>
<p>haha, thank you. I actually just looked around, I suppose it’s around the “3rd Tier” of Schools.</p>
<p>IB is pretty much the only job where your only motivation for doing it is for the money. Also you’ll have no life.</p>
<p>^ You’re actually not quite correct. Berkeley stands head-to-head with some of the very best schools out there in terms of IB placements. </p>
<p><a href=“https://career.berkeley.edu/Major/BusAd.stm[/url]”>https://career.berkeley.edu/Major/BusAd.stm</a>
<a href=“https://career.berkeley.edu/Major/Econ.stm[/url]”>https://career.berkeley.edu/Major/Econ.stm</a>
[Education</a> , Undergraduate , Business School , Law School , Graduate School , Medical School , Continuing Education](<a href=“http://www.vault.com/wps/portal/usa/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3gzQ0u_YHMPIwP_YEMzA08Ld39_fy83YxcLA_1wkA5kFYHGLgaeBsF-vsZmpj7GPoYQeQMcwNFA388jPzdVvyA7O83RUVERAJ-oRv4!/dl3/d3/L2dJQSEvUUt3QS9ZQnZ3LzZfNjE5TlM3SDIwT1MxNjBJOEdPT09KRjMzSjI!/]Education”>http://www.vault.com/wps/portal/usa/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3gzQ0u_YHMPIwP_YEMzA08Ld39_fy83YxcLA_1wkA5kFYHGLgaeBsF-vsZmpj7GPoYQeQMcwNFA388jPzdVvyA7O83RUVERAJ-oRv4!/dl3/d3/L2dJQSEvUUt3QS9ZQnZ3LzZfNjE5TlM3SDIwT1MxNjBJOEdPT09KRjMzSjI!/)</p>
<p>We don’t actually stand head to head with Harvard, Upenn, etc for ib jobs.</p>
<p>cnat, you’re right. Not with HYPSM + Wharton & Ross (these are the exceptions), but with schools like Duke, Chicago, NU and the lower ivies.</p>
<p>thanks for all the information. I’m between UCLA and Berkeley right now. Is UCLA worthy of landing IB jobs compared to Berkeley?</p>
<p>i think haas > ross. pretty much Cal > UMich at everything.</p>
<p>^ I used to think that way too, but after seeing the vault’s I’m not sure about that anymore. Ross is one of the only 7 core schools where mckinsey and the like recruit talents, although mckinsey doesn’t recruit talents for IB, but still that says something about how well respected Ross is in the banking and financial world.</p>
<p>I don’t think that the only motivation is money. Of course, it is a motivator, but investment banking provides people with a large amount of knowledge and provides great exit oppurtunities.</p>
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<p>Oh really?</p>
<p>*Job hunters’ stock may be rising on Wall Street.</p>
<p>Large and midsize financial-services institutions are hiring again, albeit modestly. Recruiters cite improving financial markets and increasing investor confidence as catalysts.*</p>
<p>[In</a> Finance, Recent Signs of Hiring - WSJ.com](<a href=“http://online.wsj.com/article/SB124511318124517281.html]In”>http://online.wsj.com/article/SB124511318124517281.html)</p>
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<p>You’re right, it’s not as lucrative as it used to be - it’s now actually more lucrative. That’s right - more.</p>
<p>*Staff at Goldman Sachs staff can look forward to the biggest bonus payouts in the firm’s 140-year history after a spectacular first half of the year, sparking concern that the big investment banks which survived the credit crunch will derail financial regulation reforms.</p>
<p>A lack of competition and a surge in revenues from trading foreign currency, bonds and fixed-income products has sent profits at Goldman Sachs soaring, according to insiders at the firm.</p>
<p>Staff in London were briefed last week on the banking and securities company’s prospects and told they could look forward to bumper bonuses if, as predicted, it completed its most profitable year ever. Figures next month detailing the firm’s second-quarter earnings are expected to show a further jump in profits. Warren Buffett, who bought $5bn of the company’s shares in January, has already made a $1bn gain on his investment.</p>
<p>Goldman is expected to be the biggest winner in the race for revenues that, in 2006, reached £186bn across the entire industry. While this figure is expected to fall to £160bn in 2009, it will be split among a smaller number of firms.</p>
<p>Barclays Capital, Credit Suisse and Deutsche Bank are among the European firms expected to register bumper profits, along with US banks JP Morgan and Morgan Stanley following the near collapse and government rescue of major trading houses including Citigroup, Merrill Lynch, UBS and Royal Bank of Scotland.*</p>
<p>[Goldman</a> Sachs to make record bonus payout | Business | The Observer](<a href=“http://www.guardian.co.uk/business/2009/jun/21/goldman-sachs-bonus-payments]Goldman”>Goldman to make record bonus payout | Goldman Sachs | The Guardian)</p>
<p>Ironic indeed that recent and widespread criticism of Wall Street’s pay packages for their risk-inducing characteristics may actually contribute to transforming Wall Street into an even more lucrative profession. Many have pointed to the lucrative Wall Street bonus payment structure and culture for encouraging bankers to adopt inappropriately risky strategies that boost short-term bonuses at the expense of long-term stability of the firm and the overall financial system, and while some firms such as Goldman have responded by simply repaying TARP funds in order to escape government diktats to modify bonus structures, other banks have responded by reducing bonuses, but also increasing base pay. The net effect will be that while bankers will still make the same pay on average, that pay will be even less related to firm performance, whether short or long term.</p>