Busniness school in the future - How many people in IB have gone?
How many people in IBD have gone to business school? I read in another thread that math/engineering guys might take over a lot of the work in finance. What do you think? Will it be a reality in the next 5-10 years? Will it include IBD or will it only be in trading, hedge funds etc? I
Whats your thought on the business school guy getting hired in IBD in the future(5-10 year time)?
Trading and hedge fund (non funadamental / special situations) guys seldom even consider the possibility of pursuing an MBA. It would simply make an awful trade.
For the love of God, stop posting this question. If you go to a top 15 biz school, you will have a good chance of landing an associate position. If you have an MS in science/engineering you could get an analyst position but should go to b-school and break in at associate-level. There are, and always have been, a lot of science/engineering majors in analysts positions, myself included. Nobody gives a fuck about your major, just your school. If you want to advance from there, you probably need a top MBA.
Thank you, I posted it here as well because no one answered. If I go a good school, there will be no problems if my major isn't science/engineering? So I won't have to worry that the science people are taking all the analyst positions in IBD, in a 5-10 year time?
Simply put...if you go to a target undergrad, you will get interviews for analyst regardless of major. If you go to a target MBA, you will get interviews for associate regardless of major. I am a "science people", went to a target undergrad and landed an analyst job. Most science people don't know or care about IBD and never will. It isn't prestigious to them. Prestige to a science major is working at the Large Hadron Collider and discovering Higgs-Boson.
Also, 5-10 years is an eternity in IBD years. Most of us will have had 3-5 different jobs and be far away from IBD. Nobody knew what a shit storm the industry would turn into 5-10 years ago.
I think you're referring mostly to quants, which are guys with Ph.D.'s in Math, CS, or Physics.
Traditional investment banking (the kind that doesn't revolve around technology or math or complex deployment of balance sheet) has always been and will always be a relationship game. The pay might go down and they might attract less MBAs than in the past, but picking out elite undergraduates and MBAs is still a tried-and-true route.
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