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I-bankers = stock brokers?

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Comments (22)

  • devin's picture
  • sumanlst08's picture

    how did you stumble upon this website if you think an i-banker is a stock broker?? Read "the fast track" by Miriam Naficy, it is a good book about careers in the industry. Institutional Sales is essentially a stock broker....i-banking is much different

  • chevalier's picture

    stock broker= sort of the middlemen helping make trades between those selling & those buying.

    i-bankers= ppl helping those who want to raise capital by issuing securities and selling 'em to those who are willing to buy.

    sounds to me pretty much the same job

  • structure's picture

    Wow I've never heard it so lucidly explained before chevalier. I would not hesitate to use this analogy in your interview.

  • BABanker's picture

    chevalier:

    I'm a physics + biomedical computation double major (soph) at stanford with 3.0 cum. GPA.

    Most of my physics classmates are too busy with quantum mech. problem sets or in that dark basement lab trying to figure out bose-einstein condensation to care about other things, but I got curious about this ibanking career recently because it seem to be a "cool" job to have.

    I would really want to have some feedback if my 3.0 GPA is an insurmountable roadblock for me to get an internship with BB? My physics GPA is actually quite good, what brought it down so much was the Organic chem classes i took last year. Anyway, I would really like to hear some feedback.

    Thanks

    You have no chance. Why don't you try learn something before you come on here talking smack.

    Go put on a lab coat or something.

  • freeloader's picture

    "curious about this ibanking career recently because it seem to be a "cool" job to have." Pretty much sums things up.

    On the bright side, you can still get your cool job with TD Ameritrade...

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  • chevalier's picture

    TD Ameritrade is a small online retail broker catered to individuals. You also have Scottrade etc.
    (i did notice sarcasm though)

    Investment banks also does this on a large scale ie. issuing/buying stocks from corporates and selling stocks to hedge/mutual funds.

  • In reply to chevalier
    zala rules's picture

    chevalier:
    TD Ameritrade is a small online retail broker catered to individuals. You also have Scottrade etc.
    (i did notice sarcasm though)

    Investment banks also does this on a large scale ie. issuing/buying stocks from corporates and selling stocks to hedge/mutual funds.

    You are either very foreign or lying about being a Stanford student. There is something not right here.

  • chevalier's picture

    something not right? like what?

    about lying. I think people make more lies everyday than they go to bathroom. but i try to be honest to the point of stupidity.

  • StreetLuck's picture

    Signs that you are asian:

    1) You go to Stanford
    2) You are majoring in Physics
    3) You are majoring in "Biomedical Computation"
    4) You used the phrase "make more lies"
    5) You think i-banking would be a "cool" job to have. Anyone remember the Harold & Kumar scene?

  • nothingman's picture

    This is actually a two part question...

  • chevalier's picture

    Sorry to disappoint you but i am russian. (you are right if you count russia as part of asia)

    good guess though "Tovarisch"

  • charlemenge's picture

    you're a funny guy, chevalier. good luck applying for stock broking.

  • In reply to StreetLuck
    buysideguy's picture

    streetluck:
    Signs that you are asian:

    1) You go to Stanford
    2) You are majoring in Physics
    3) You are majoring in "Biomedical Computation"
    4) You used the phrase "make more lies"
    5) You think i-banking would be a "cool" job to have. Anyone remember the Harold & Kumar scene?

    Streetluck are you asian? Otherwise you might want to stop generalizing here. I say this b/c Ive seen plenty of kids from all diff races be in the dark about banking. Its not race specific.

  • In reply to chevalier
    BABanker's picture

    chevalier:
    Sorry to disappoint you but i am russian. (you are right if you count russia as part of asia)

    good guess though "Tovarisch"

    Damn! it was much funnier when I imagined him talking in a Chinese accent!

  • In reply to buysideguy
    StreetLuck's picture

    Streetluck are you asian? Otherwise you might want to stop generalizing here. I say this b/c Ive seen plenty of kids from all diff races be in the dark about banking. Its not race specific.

    I am, but point taken.
  • In reply to BABanker
    freeloader's picture

    Alexey Kirilov:
    chevalier:
    Sorry to disappoint you but i am russian. (you are right if you count russia as part of asia)

    good guess though "Tovarisch"

    Damn! it was much funnier when I imagined him talking in a Chinese accent!

    I dunno, Russian accents are funnier to me, Chinese accents seem so labored and painful for the most part.

  • In reply to freeloader
    BABanker's picture

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