<p>Ross is a target, but that 40% might be misleading.</p>
<p>First of all, it’s according to how many people responded to the career survey, so everything is self-reported material. Of course we can assume that a good number out of the 350 graduates did the survey, and most probably answered as accurately as possible. But still, the 40% is not 40% of students but rather 40% of respondents.</p>
<p>Second of all (and more importantly), many jobs can be classified as “investment banking” that actually aren’t traditionally IB. And it can be anywhere in the world. Just look through the Ross job database (search by “finance-investment banking”) or postings on Vault or ■■■■■■■■ for “investment banking” and you’ll know what I mean. You’ll see a list of random firms/positions. The real % we need to know is % going into a BB (or top boutique) in NYC as an IB analyst, eliminating firms and positions (and probably even locations) that don’t traditionally count.</p>
<p>I know a Ross student who graduated in 2004. He went to GS. He said only one other person that year became an analyst in IB in NYC. The rest were non-IB positions and/or not in NYC. I’ll try to get more details on that, but that’s what he said.</p>
<p>This is true. Most grads will respond to the survey (heard it was ~90%), but you have to take the number with a grain of salt. </p>
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<p>I was talking about investment banking as a whole in response to Dawgie’s statement about investment banking job prospects in general. The answer to this would be useful, but doesn’t really pertain to what I was talking about. BB analysts in the IBD division of the NYC offices are not the only investment bankers.</p>
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<p>Considering goldman only took four grads in 2004, that is very possible. The others were probably in S&T and/or the Chicago office (god forbid!).</p>
<p>Ok, the 4 going to GS clears up a lot. I was wondering about that myself. Then it makes sense in that context.</p>
<p>You mention “investment banking as a whole” and that’s okay, but when most people say they want investment banking, they’re not talking about being an IB analyst at W.Y Campbell & Co. in Detroit or Stout Rissius Ross in Farmington Hills or National City bank, etc. The 40% includes ALL of those types of firms, which is misleading. It doesn’t mean 2 out of 5 people will make it big in IB (i.e. BB firm or top boutique) like the statistic makes you want to think. Talk to the juniors and seniors. They’ll tell you all about the interviews they couldn’t get and the interviews they got but couldn’t “pass,” for lack of a better word. IB is a tough field, and you’re in for some competition for the TOP IB jobs. That’s all I was saying.</p>
<p>I currently intern at the The Monitor Group, a top 5 consulting firm, and I can tell you one thing: CONNECTIONS, CONNECTIONS, CONNECTIONS. You absolutely HAVE to have good networking skills if you want to do consulting. I go to NYU CAS, and I was chosen over several ivy league students because of my network.</p>
<p>Whatever thread you are talking about, I don’t even recall what was being argued there so obviously that’s not the reason. I could careless about which career is better. Honestly, that’s all subjective to the individual. Truth is 98% of you aren’t getting in.</p>
<p>jnpn, whats your work experience, leadership positions, and gpa? The few I knew had 3.95+ GPA’s, president of investment clubs, 2-3 relevant internships in finance. Either/or, I’m curious what you have going for you.</p>
<p>Actually no, banking is of no interest to me. It would also not be that difficult for me either. Not to mention I already gotten a foot into better places (buyside).</p>
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<p>Thats the difference between attending a target and a non-target. If that person went to a target and had even a modicum of social ability, s/he could generate offers. S/he would actually be overqualified for banking…not that that would stop the person for worrying anyhow.</p>