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“Internships aren’t required for IB, no need to apply for FT positions until after Thanksgiving senior year.”

- My crappy undergrad career center who knew nothing. 

I did have fun studying abroad two summers in a row though. It all worked out in the end.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

That's so true. They say no need to apply for freshmen or sophomore internships! I suggest you get career advice from seniors themselves who got into IB. There's a reason why the career center people are where they are and not on Wall Street.

 

"Everything's meticulously handled by the best and brightest"

That's crap, we keep the place running with duct-tape and string.  We're a top-10 AM firm, and I have so many stories.

The only difference between Asset Management and Investment Research is assets. I generally see somebody I know on TV on Bloomberg/CNBC etc. once or twice a week. This sounds cool, until I remind myself that I see somebody I know on ESPN five days a week.
 

lol I believed this lie in college but thank god figured it out pretty fast. Still fun to travel to NYC to visit my friends still in finance, go out to bars, and continue to see that 90%+ of bankers who talk a big game are just well compensated nerds trying to make up for not being cool in high school. For every Chet who was captain of the rowing team at Yale, there are 9 dorks who excel & ppt are their personalities

If you want to get laid go become a bartender. 

"But those girls are trash! I want classy girls" you may reply

Then go become a ski instructor. You will sleep with far more athletic private school raised women than you will in banking

I'd also add 'prestige' in general to this. The pool of people who care about what firm you work for or your title, let alone find it impressive to hold you in high esteem, is very very small (less than 10% of the US population). If you are trying to impress strangers at a cocktail party or instill envy to cover your insecurity, then you will get more mileage saying you are a pilot, in the cost guard, or own a bagel shop than finance.

Do it for the money, and because you enjoy it. Do not choose any career for the approval of others (men, women, parents, etc.)

 

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