My route to I-Banking

dpa38d2u
Sun, 18 Jan 2009 00:44:33 +0000

Its almost certain that investing banking is going to go back to previous routes. M&A is necessary for the economy, and well, ibankers play a crucial role. What you won’t see is all the proprietary trading (distressed, alternative…etc), nor any more complex structures (CDOs, complex project finances).

I guess one reason bankers perceive futures less bright is because the traditional p/e h/f route is not there. PE will be dead for quite a while and hedge funds are still blowing up left and right + scams will definitely regulate the industry. Obviously profits are going to go down and people are scrambling off wall street for those reasons.

To the OP: Yeah… just listen to what hmom said. I’d even go a step further and say why not consider other options altogether (reevaluate at MBA if you really have a desire). Too many college students want to go into wall street without knowing what its really like and besides the money its not really that glamorous. I think this a fantastic time to do management, join a start-up, or the traditional consulting route (which would definitely lead to a top MBA program).