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Why do banks recruit out of non Wharton or non Cornell AEM ivies when they don't offer a business program?. I'm sorry, but engineering or economics is no substitute for having legit accounting and finance skills an internhips you get through the top ugrad bschools. But the banks are so elitist and will take a 3.9 kid from harvard who doesn't even know what banking is until sophomore year over a kid from a good accounting program who has actually studied the material. Isn't that ridiculous?

Was it because:

-It's just what you're supposed to do?
-Parents forced you?
-You wanted a good job?
-You wanted to learn?
-You wanted to party?
-You wanted to say you went to _______ University?
-any other reason

I would've made a poll but I can't do that now...

And now what do you think is the best reason to go to college?

I'd like real responses please... If you realize now that college was really great for you because you learned so much, but when you first went it was just for a job, then say that instead of acting like you knew how awesome a college education was all along.

Why do the CEOs of the worlds biggest companies trust the analytical work involved in their acquisitions and divestitures to 22 year old analysts who learned everything they know from a ten week training program?

Ola,

I can get a traineeship at a trading firm which offers me the chance to obtain experience on different security types and I can determine thereafter in which type of security I want to specialize myself to become a professional trader.

So therefore I am very curious about the professional traders around here. Why did you become a professional bond, stock, or deriviative trader? So what attracted you to become trading in stocks, bonds, or derivative that the other type of security did not offer? And if you could do it all over again would you switch trading in another type of security?

Why do you guys want to do investing?

So has the forum died down a bit because everyone got all their requisite information and now working on sending apps out and waiting to hear back? ;)

Hey guys,

I'm doing a banking internship this summer and am toying with the idea of whether I want to do it long term. It seems like a lot of ppl do banking so they can get into PE/HF afterward. I guess my question is: given the hours and stress of banking, how are people so convinced that they're actually going to like doing PE or working at a HF?

It seems like a ton of effort doing something you probably don't like for two years only to *hopefully* get into something you *hopefully* will like...

Any thoughts on this?

My pro/con list for going into banking is as follows:

Pro:

$$$
exit opps
developing a huge network
quality of life after paying my dues

Cons

stress/hours
not sure I want to do PE/HF
lack of fulfillment (don't really feel like i"m making a dif in the world by working on a deal)

Any help would be awesome.

Thanks,
Yodaddy

This is a question that comes up in every finance interview. What do you guys say? I feel like I know everything NOT to say, but what is something that I CAN say?

I just got an offer at UBS hong kong private bank. I was expecting the forms for backgrounc check with my contract and team pooling agreement.
However I did not see any of the forms. The only thing they asked is a copy of my degree certificate to submit so that the compliance team can apply for a working permit at the immigration office. I was introduced to this position by a client of their's.

Does anyone know why is this the case? Just because the introduction they wave the background check??

interviewers love asking the question "why this bank?". I'm wondering what are some of the things that differentiate these banks?

This says it all...from dealbreakers

http://dealbreaker.com/2010/01/attention-rbc-duke-...

The guy created a website...

http://whyrbcshouldhireme.webs.com/

I know its probably BC I dont have any specific industry experience, but with that being said, I am a junior at a target school with a 3.8 GPA and I am a D1 varsity athlete. I do have some work experience, such as working at a restaurant while in high school and instructing my sport. I have two questions related to experience:

1) Should I list a finance club I am in at school and put a couple bullet points about what I learned at that club? ...(to show that I have an interest in finance)

2) Also, I am starting my sports online retail business, however the project is still in its early stages and probably won't be operational for at least 2-3 months. Should I put this on my resume with some bullet points on what I've done so far?

Thanks guys!

What is a genuine answer to the " why this company " question ? And how important is it really ?

Interviewers probably know that for 90% of applicants they will take pretty much any BB they get, and its not like applicants are dying to work for any 1 company particularly.

What is the best answer here ?

Thanks

Hey guys, I know I'm going to get some negative feedback on this one but fuck it im going to ask the question anyways. Alright, so Ive done a couple interviews for positions in Capital Mkts/Ibanking in HK/SG and since I'm neither Asian or raised in Asia I get the question "Why Asia?". What are they looking for? Knowledge on Asian companies? Knowledge on certain economies ie growth in China? Would an answer involving social/cultural aspects be scoffed at? Suggestions?!

Thanks

Honestly i really cannot see the appeal in this field. Lets say you do make it through the ropes of finance, you work your ass off for 20 years, retire at around 40, but then what? Go to your vacation home in the Caribbean and just sit there with your trophy wife. Not to mention, the job itself will be extremely boring for 99% of you. I'm sure when you guys were little kids/teenagers, you didn't imagine yourself working in such a boring field that has no contribution to society.

all the investment banks' stocks are going up dramatically this morning of the fannie and freddie bailout. why is lehman the only bank to have taken such a huge hit after starting the morning pretty good?

any insights?