What school should I attend?
I am currently a senior in high school, and I'm deciding what college I should attend. I wanted to become an investment banker, however I realized that it is not a career that I want because of the long hours and stressful environment. Now I shift my focus to other careers such as DCM/ECM and corporate/commercial banking. My question is do I need to attend a target school (like investment banking) in order to break into these fields? btw I am deciding whether I should attend SUNY Geneseo or Indiana University.
DCM/ECM is still investment banking. If you're trying to refer to S&T, the answer is yes.
Out of those two, I'd go with Indiana
OttoReadmore Teller thanks a lot for your reply. If I go to Indiana University, i would have to borrow a lot of private loan. (about 25k a year for 4 years) Do you think it is worth it? Or should I just go to geneseo and transfer later.
Oh goodness. I wouldn't spend the extra money. Work hard at SUNY and see if you can transfer to a target if you crush it there. If you can't transfer to a target (where you won't be paying out the wazoo) then spend that time networking to break into the industry. Cornell takes transfers. NYU and Columbia I don't know much about.
IU has pretty good OCR for MM-esque banks—Houlihan Lokey, Lazard, Lincoln International, BMO Capital Markets, PWP. As a caveat, it's really only worth it if you're in Kelly and can get into the Investment Banking Seminar (IBS).
"My question is do I need to attend a target school (like investment banking) in order to break into these fields?"
DCM/ECM, yes, recruiting is similar to IB - you would probably want to go to a target. For corporate/commercial banking, if you want to work for this division at a large multinational bank like JPM or Citi, then yes, you want to be at a target school. HOWEVER, there are lots of commercial/corp banking jobs at smaller, more regional banks that recruit from what IB would consider non-targets.
As far as IU vs. SUNY Geneseo, did you get into Kelley at IU? I don't know anything about SUNY Geneseo but if you got into Kelley and do well in college/major in accounting/finance, you will have a very good chance at getting a well paying job at like a Big 4, with the added potential of IB, especially if you get into the banking workshop. Also keep in mind that your career goals may very well change while you are in college.
dipndunk CHItizen I didn't get into Kelley, but I can transfer after taking pre-business courses at IU for one year. From what I heard, it's not a hard process. You will be able to get in as long as you maintain a B or above for all courses. Another option is that I can go to SUNY for one or two years then transfer to a target school. What do you guys think?
If you are absolutely sure you can do well and get into Kelly ex post, then IU. Be honest with yourself, because college can throw a lot of variables at you (Greek life if huge at IU, and can definitely impact your GPA) and IU is absolutely not worth the out-of-state money if you don't get into Kelly. The safer option is the SUNY>target route, but also be aware that transferring could suck after you make a solid base of new friends.
Good luck!
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