How does the latter affect the former? Relatives and friends tell me most people get their incomes taxed 30% as a generalization. Do you analysts only take home roughly ~70% of your all-in comp?

Are they ways around this being the shrewd, savvy bankers you are?

We all have them. The friends that think everything is going to be okay, just because they went to a top 50 business school and have have a GPA above a 3.5. They will say things like "Employers aren't going to expect me to have relevant work experience. I have't even graduated yet!" or "How do I network?" Of course most people on this forum see this as a completely flawed ideology, but the truth of the matter is that more than 50% of college graduates had that mind set in school and yet we still have a some what productive economy.

I go to a top 30 undergrad. I'm interested in working at a F500 company doing finance. What minor would be valuable with my Accounting major? I've been told to stay away from a Computer Science minor. Despite being familiar with the C++, Java, Python, etc. languages, I'm a bit cautious in minoring in this field due to risking my GPA.

What should I minor in?

Is there a difference in the difficulty of acquiring a F500 finance analyst position compared to IB?

Can you rank the following fields on easiest to hardest to get into from a non target (rutgers)

Asset Management
Sales & trading
Regular I-Banking
Research
Risk Management

I know about some of the interviews out there, but I wanted to make a thread that might answer some lingering questions about the F500 recruiting process (namely strategy and finance roles, but since a lot of roles' names are interchangeable, F500 in general).

For strategy internships/FT:
Are interviews case-based, except a bit less rigorous than consulting interviews and maybe more industry-specific?

What sorts of prior experiences are HR looking for in applicants?

For finance interships/FT:
Are they mostly just gauging an interest in finance?
Will there be any technical questions? What type?

What sorts of prior experiences are HR looking for in applicants?

General:

I work for a small fund and spoke to a small company a couple of months ago. The company needed money, but it didn't really fit the mandate of our fund so I didn't followup with him. Oh wells, I speak to a lot of companies and he probably speaks to a lot of other funds. Anyways, I was talking to another fund and I casually bring up this company he decides to take roll the dice and puts a million into it.

I feel like since I connected the two, I should get a small piece, pretty standard. But since I haven't spoken to the company and never followed up, and the guy from the other cold called him, I'm out of luck...

What do you guys think?

Can any shed some light on the program? Exit ops after the 2 years? Compensation in NYC?

I've recently dropped Calc 1, because after studying really hard and spending ~10 hours per week with a tutor, I still wasn't passing. I will be taking an online Calculus course at a SUNY school, that is one small step above a community college over the summer. Literally the worst SUNY school in the system.

I typically like to challenge myself academically, but don't want to risk flunking Calculus, because every semester I don't pass it, my graduation date is delayed. I've also gotten A's in every Finance and Economics course I've taken thus far and don't really see how a solid understanding of Calculus is required to work in non quant related jobs.

Long time reader, first time poster

For those who've taken applied finance courses in undergrad, is it worth taking to prepare for later advanced finance courses in business school. Debating if I should take this or an easier econ elective to beef up the GPA.

Syllabus-

Hi Everyone,
So I got an offer at a boutique consulting firm. The firm gets most of their revenue from 2 or 3 F500 companies. Pretty regional so not much traveling.

I got a 3 month contract as an associate with the option to renew for a full year (depends some on performance of course). I had a few questions. I start in June but was wondering what is typical salary for this. I was offered 40k. This is on the west coast (not SF/LA) but still a big city. I'm thinking a few things and need some guidance.

Originally I really wanted to go into management consulting. but when i got rejected from Mckinsey and Bain (and was too late in the game for some of the other firms).

Hey all, essentially it comes down to going to Miami OH for free for undergrad or going to NYU stern for a significant amount of debt. I have visited both and definitely liked the Miami campus much better; however, I really would like to get a solid job in finance upon graduation. The competition at Stern is a little unsettling since I do not want to get a terrible GPA, and the no campus thing is not something I like. I really would appreciate any advice on the topic!

Thanks for your opinions.

Brief background: I am a rising junior at an ivy and recently decided to major in Financial Economics. I haven't taken very many finance-related courses yet because of my late declaration of the major, and so I am wondering what classes I should take this Fall '13 and Spring '14 semester in order to make myself most competitive.

By the end of the Spring '14 term I'm planning to have completed Intro to Econometrics, Financial Economics, Financial Accounting, Statistics w/Calculus, and one or two other upper level Econ electives (in addition to Micro and Macro).

I was talking to a family friend and golf buddy over Easter weekend about internships as I'll be starting my first this summer. He was a sophomore dual finance and econ major like myself who had his first internship (IB boutique) the summer after sophomore year as well. He said it went well but he wanted a more diverse resume so the following fall semester he walked into a local financial adviser's firm and offered to work for free for a semester to get more work experience, kind of an unofficial internship. He was hired the next semester and ended up working full time with them while finishing up his undergrad. He then went on to law school and has been working with my father ever since.

I am graduating in the fall with a BSc in Finance from a non-target, low GPA, 4.0 finance GPA, with school leadership roles, but no relevant IB internships. I have been applying, but it seems my chance of getting an IB analyst job after graduation is slim to none. I will be taking my CFA Level I this December. I am deciding to stay in school longer for
1. another major (Accounting), 2. Masters in Finance.

Can anyone in similar situation or if you're in charge of hiring analysts give your thoughts? Thanks in advance.

Hi Everyone,
I am trying to decide what is my best option.I am an econ/chem senior graduating in May. I was trying to decide if on an internship at a boutique consulting firm (though they do work with some F50 on smaller assignments, more presentation planning) or should I take an internship with a small mutual fund (400 million AUM). I just want some good experience for business school later in life. They are both in Los Angeles so I would have the summer months to network. I would love to work in finance but also maybe biotech(healthcare) or consulting as well.

advice for this lost soul? I would actually love biotech/pharm i-banking. Any way for me to combine all my interests?

Hi guys. I found a position online for a finance role at a IT company and wondering what kind of work you do in this role? is it like corporate development kind of role? thanks for your help!

• Create financial models and simulations during deal structuring phases. Models establish revenue and profitability parameters for multi-year outsourcing contracts,
• Financial models cover any or all of service tiers (1, 2, 3, 4/BPO),
• Use of various model approaches and assumptions, including modeling of Offshore/Nearshore delivery,
• Financial advisor to the bid teams; coordinate bid teams to ensure deliverables are completed on time,
• Liaise with other stakeholders through the bid process as necessary, including legal, accounting, treasury and corporate finance,

My boyfriend got two offers and it is a hard decision for him.
He wants to come back to the US after graduation.

It seems that both have their pros and cons.

Cambridge:
Pros:
a brand name
good course structure and math oriented
higher starting salary after graduation
smaller class (only 45 people) and all of them have at least 3 years working experience
Cons:
worse career service than LSE
it seems that people need to use their own network to find a job after their graduation.

LSE:
Pros:
one of the best in finance
very big network
very good career service
Cons:
most of the people don't have any work experience before they come to the program in LSE
starting salary is relatively low because most of them are hired as analysts rather than associates

Hey guys, I'm posting this for a friend, and he is right now having trouble decide between doing the ORFE major at Princeton, or going to UK to do mathematics and comp sci. He told me that if he goes to oxford, he will do the four year option at Oxford, so he'll end up with a master's rather than a bachelor's. However, he's not sure whether or not he should go to oxford because his career goal is to become a quant in the US, and he doesn't want going to Britain to mess with his chances.

Does anyone know their IQ or the average IQ of those in the finance industry. Specifically those in quant heavy roles. I kno it's not about iq but how hard u work blah blah blah but for certain roles a high iq is a prerequisite I just want to know what that iq is. Is 120 with good work ethic good or do most in quant heavy fields hav a 130 with high work ethic?

I have offers in Corporate Finance with ACN and Operations with JPM. I'm about to graduate with a BBA in Finance and am currently studying for Level 1 CFA. My ultimate career goals is to work for a bank in an investment related role.

JPM is obviously a reputable bank but the job isn't aligned with my career goals. ACN, on the other hand, is less reputable but the role is more aligned with what I want to do career wise and will help me develop more finance and accounting skills than I would earn in operations (or at least I assume it will).

Would it be difficult to transfer from Corporate finance at ACN to a role in Corporate finance, corporate banking, private banking, or private wealth management with a large bank down after 2-3 years?

Got invited this summer but would have to take a week off from an internship to attend. Anyone know if it's useful?

I am a newbie on this forum, so please excuse me for any potential indiscretion.

I am a recent graduate on a gap year before joining one of the top-tier MFE programs. As an undergrad, I have majored in mathematics and physics with little exposure to finance. After failing a handful of interviews from top-notch IBs and consulting firms, I was offered an internship position from Deloitte Consulting FSG(Financial Services Group).

Do you guys think it will be helpful experience in terms of enhancing my general ability and building my career? At the moment, I intend to work as a quant or the like after obtaining the MFE. Any comment will be greatly appreciated!

I'm taking a licensing test, which I failed by one point the first time, and one of the things I was bad at was these bid-ask spreads. So say a stock is quoted at 10.00-10.25 10x10, I know 10 is the "bid," 10.25 is the "ask," but does this mean the market maker is selling 1000 shares at 10 dollars or 10.25? If a broker-dealer is buying, are they paying him 10.25 or 10 for the stock? Also, if someone else "bids" for the stock, who does the market maker get the prices on his quote from? If someone is "willing" to pay 10.50, what happens to the quote? If someone is willing to sell at 9, what happens to the quote? What does is mean if a market maker "receives a better quote?"

I've been ripping my hair out the past 6 months. I just started college in the fall 2012 and have been undecided between majoring in electrical/computer engineering vs majoring in finance. "But wait jon those are totally different" said everyone. I'm having problems deciding because well... I put myself in quite a pickle. Maybe I should start from the beginning here.

?