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Humanities degree --> ibanking?
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Date: July 13th, 2008 3:39 PM Author: Submissive site becky . (http://www.autoadmit.com/thread.php?thread_id=834552&forum_id=1#9969965) |
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Date: July 13th, 2008 4:41 PM Author: Rough-skinned Rebellious Theatre You've graduated and NOW you're asking for a job in i-banking? Dude, you fucking idiot, they filled their analyst classes in like November. (http://www.autoadmit.com/thread.php?thread_id=834552&forum_id=1#9970073) |
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Date: July 13th, 2008 5:03 PM Author: Submissive site becky no doubt - so are you saying its not possible? can you get in on it the second time around (ie this coming fall) or do they find that weird/in need of explanation (other than, i didn't realize i wanted an ibanking job)?
also - anyone tried i-banking ironically or semi-ironincally before? i'm interested to hear if this is possible as well. |
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Date: July 13th, 2008 5:13 PM Author: Harsh exhilarant senate yes. (http://www.autoadmit.com/thread.php?thread_id=834552&forum_id=1#9970113) |
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Date: July 13th, 2008 7:01 PM Author: Rough-skinned Rebellious Theatre "can you get in on it the second time around (ie this coming fall)......... "
No, because they want to hire kids who are still in college. That's just the way it works.
"so are you saying its not possible?"
Well, if you want to work in traditional i-banking (corpfin/m&a/leveraged finance/etc) at a big name firm or a recognized middle-market firm, then yeah it'd be a waste of time trying to get those jobs this late in the game.
HOWEVER, there are other options. If you want to work in PWM, they are not as structured in their hiring - I know of at least one person who got into PWM very very late in the game. Also, top firms in commercial real estate hire analysts all year round; no "recruiting cycle" to speak of in many cases. I'm not saying go into real estate if you find real estate boring; I'm just offering examples to show you that there are decent jobs out there.
edit: I should add that if your uncle is a major major baller like a big client, then anything is possible.
edit 2: What do you mean go into finance "ironically"? This is your life, dude, not a joke. Even if you're only working 50 hrs a week, you will be amazed at how your life ends up being consumed by your job. |
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Date: July 14th, 2008 8:35 AM Author: tan dragon On your first point, there are a lot of banks and firms that will look at people who apply up to 12 months after graduating, so he could apply for this next round. But hiring probably won't be any better this time around. He ought to focus on getting other business experience and going for an MBA or MS in finance and hope to get into i-banking in a few years down the road. I must reiterate how shitty the present market is for everyone. (http://www.autoadmit.com/thread.php?thread_id=834552&forum_id=1#9971849) |
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Date: September 2nd, 2008 11:44 PM Author: wonderful cowardly circlehead main people Subject: Want a job in i-banking? You could try equities in Dallas (http://www.autoadmit.com/thread.php?thread_id=834552&forum_id=1#10121753) |
Date: July 13th, 2008 3:48 PM Author: Harsh exhilarant senate yes, it is possible. good luck these days.. (http://www.autoadmit.com/thread.php?thread_id=834552&forum_id=1#9969989) |
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Date: July 13th, 2008 5:17 PM Author: Know-it-all slimy locale boltzmann yes, of course it's possible. network like crazy and see what happens. read the WSJ, vault guide to finance interviews, and maybe try to take a finance class or two so you aren't completely clueless. (http://www.autoadmit.com/thread.php?thread_id=834552&forum_id=1#9970117) |
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Date: July 13th, 2008 5:21 PM Author: pale stag film macaca what'd you write your thesis on? (http://www.autoadmit.com/thread.php?thread_id=834552&forum_id=1#9970128) |
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Date: July 13th, 2008 5:41 PM Author: Submissive site becky david lynch, affect, 'postmodernism as an ethical project'...for my own purposes this translates well into an ibanking career (at least for a few years) but i don't think that explanation would help me out much in an interview. (http://www.autoadmit.com/thread.php?thread_id=834552&forum_id=1#9970154) |
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Date: July 13th, 2008 6:38 PM Author: Big background story I think you should apply to Law School. (http://www.autoadmit.com/thread.php?thread_id=834552&forum_id=1#9970214) |
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Date: July 13th, 2008 6:53 PM Author: Rough-skinned Rebellious Theatre NO. There are a LOT of jobs in the business world that this kid could take before going down that wretched, loserish path. (http://www.autoadmit.com/thread.php?thread_id=834552&forum_id=1#9970225) |
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Date: July 13th, 2008 7:00 PM Author: Big background story Well I'm sure NY is out of the question.. try other cities. You missed the deadlines though.. How does a summa cum laude miss the damn deadlines? (http://www.autoadmit.com/thread.php?thread_id=834552&forum_id=1#9970229) |
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Date: July 14th, 2008 7:25 AM Author: Rough-skinned Rebellious Theatre I agree, this is not a good time for this guy to be looking for a NY job. (http://www.autoadmit.com/thread.php?thread_id=834552&forum_id=1#9971790) |
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Date: July 14th, 2008 8:34 AM Author: tan dragon Well, there are certainly other non-finance business jobs in NYC that he should consider. But the city is going to be hit particularly hard economically as so much is built around the financial sector. And now isn't the best time to try and get into that sector, I agree. It's hard enough for people who are much more qualified than the OP is. (http://www.autoadmit.com/thread.php?thread_id=834552&forum_id=1#9971845) |
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Date: July 13th, 2008 9:35 PM Author: nudist factory reset button liquid oxygen yeah theres tons of non-law opportunities. get some business experience and then go to b-school. then do the ibanking thing, or something else. if you feel at all like you dont want to go to law school then definitely dont go. (http://www.autoadmit.com/thread.php?thread_id=834552&forum_id=1#9970518) |
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Date: July 14th, 2008 8:54 AM Author: Big background story it wasnt her who said she didnt wanna do law.. it was some stupid cook. I think you can get a JD/MBA without the prior experience. Northwestern, BC, UPenn. (http://www.autoadmit.com/thread.php?thread_id=834552&forum_id=1#9971867) |
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Date: July 13th, 2008 8:07 PM Author: tan dragon 1. Some banks will allow people to apply up to 12 months after getting their degree. This could be to encourage people who want to bum around for a while after graduation to apply later. I'm not sure if this advisable, but I'm afraid you have no choice in your situation.
2. Like others have already mentioned, try smaller banks and firms that recruit all year-round. This is another good option unless you're a name-whore.
3. The markets are shit right now anyway. A lot people who got recruited from top schools have had their offers reneged. If you are dead serious about finance, another option is going for an MBA in a few years and then going into i-banking from there after the markets (hopefully) improve. Hiring is tough for everyone, especially now.
4. Network through your uncle. Seriously, if you have the connections, use them to your advantage. I feel that a lot of new graduates don't understand the power of networking or expect their credentials alone to carry them. |
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Date: August 20th, 2008 5:17 AM Author: razzle purple corner i thought the deal with smaller banks was that you had to have majored in econ, because they dont train you. thats the big plus with the bulge brackets.
any idea where one could find out about such small firms? beyond the big banks i only know retail banks. |
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Date: July 13th, 2008 8:08 PM Author: tan dragon (http://www.autoadmit.com/thread.php?thread_id=834552&forum_id=1#9970290) |
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Date: July 14th, 2008 3:03 AM Author: vermilion nofapping roommate use your uncle. (http://www.autoadmit.com/thread.php?thread_id=834552&forum_id=1#9971631) |
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Date: July 14th, 2008 8:45 AM Author: Deranged fishy voyeur twinkling uncleanness Yes, network. If you are not employed, look at online freeware course in relevant subjects (MIT).
Do you have decent quant abilities? Have you taken the GREs or GMAT? If not, take them now. Scores are good for 5 years.
You will need to be able to demonstrate quant skills, either through course work or aptitude in standardized test scores.
Times are tough for financial jobs now, but it gives you time to get your self packaged and prepared. |
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Date: August 20th, 2008 1:53 AM Author: Submissive site becky thanks for the advice;
do you suggest taking the GREs so as to have some sort of reference in terms of quantitative abilities? Do people care about these scores enough that it wouldn't look silly to list on a resume?
As for the MIT courses: which courses would be relevant? Intro econ courses? (I did take these as an undergrad) I didn't see anything on the Sloan school's open courseware site that would seem relevant.
thanks again for any further suggestions/advice. |
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Date: July 14th, 2008 8:51 AM Author: Big background story Actually.. I was right about the lawyer thing to begin with. Business is getting a bad rap in general, and your a humanities major.. you don't want to lose that world empathy to a stupid desk job. If you want to work at an Architecture firm, media firm, or marketing and advertising gig, thats cool. Ogilvy, etc. Finance, accounting, and credit management of that sort probably wouldn't fit you in general. Maybe you can do that after business school which I'm sure you'll do well in after five years of work. Avoid wall street. (http://www.autoadmit.com/thread.php?thread_id=834552&forum_id=1#9971863) |
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Date: July 14th, 2008 2:34 PM Author: motley son of senegal hahahahahahahahahahahahahahahahahahahahahaha (http://www.autoadmit.com/thread.php?thread_id=834552&forum_id=1#9972452) |