Defer for one year?
If I wanted to get a masters after college, could I defer my offer? Also, would I start as a 1st or 2nd year analyst?
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hahaha wouldn't it be nice to stay at school for another year and show up as a second year analyst.... ridiculous idea
There's no way you'd be able to defer your offer at any respectable bank and absolutely no way you could skip an analyst year.
Not necessarily true. I have a couple friends who received Fulbright scholarships and were able to defer for one year.
But about starting as a second year........ yes that is a ridiculous idea.
Shows what you know, Lehman let's people w/ Master's start as 2nd year analysts.
if you start as a 2nd year, you are basically out of luck for PE recruiting (which would be done while a masters grad, soon to be 2nd year would still be in training)
What are the advantages of getting a master? Would anyone recommend on pursuing it, rather than working after you graduate?
Get a masters, work for Lehman, start as a 2nd year
Fully agree. Why spend a year in a cube when you can spend it on camput and still cross the same finish line.
I guess no one caught it, but I was being sarcastic. I don't see any advantage in having a master's as far as recruiting goes. I don't think it puts you above anyone. I don't know many analysts with master's, unless they did a BA/MA program in undergad. And what do you want to get a master's in? I also don't know many banks that would start you as a second year, so what's the advantage?
Good point. But then again, int he grand scheme of things:
a) The 100k is peanuts compared to that youll be making in 3/4 years (regardless of whether you stay in IB or go HF or PE route)
b) Your cost of living will be much greater and your quality of life will, well, there will be none, so your 100k as an ibanker is not equal to 100k as a real human being
c) You'll be paying tax on that 100k. maybe this is just me but I hate doing that :)
This is obviously my personal view, but over a longer run, I think the 100k isnt worth the year in hell.
Don't get me wrong, I completely agree that in a few years the 100K (well 60K post-taxes) might be nothing, but in the mean time taking on another $50,000 in debt may be tough for some people to handle.
1) I hate school, and would never want to study for another year. Also, a masters is not a perfect substitute for an MBA, so you might have to take another 2 years off for that later in your career.
2) As people have already mentioned, if you skip your first year, you will be missing the PE/HF recruiting season (which takes place towards the end of your first year).
You can do PE/HF recruiting at the end of your second year, too...
if your program ends in june and you are doing recruiting in june and july, you will end up out of work for a few months
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