Advice for College/ The Future

Hello-

I'm a high school senior looking for some college advice. I have an interest in pursuing a career in finance. The top schools I am looking at now are Miami of Ohio, Indiana, and Ohio State. I know Indiana has the IBW program through Kelley, which places many students in top IBs. As far as the other schools go, how would attending one of them impact my chance to work in Investment Banking or some type of trading after graduation?

 

I'm in hs as well and this credit failiure has made me shit scared. Honestly, I'm thinkin of entering law school because I don't see banking being as lucrative as it once was, so if I were I'd reconsider banking, not necessarily finance. I'd say Indiana Kelley would probably be the best on your list though its still not consider a target school. Semi-target at best in my opinion, but again if I were I'd be trying to getting out of this IB make a shit load of fast money mentality and think about other careers.

 

holy shit, is anyone else slightly bothered that ibdreamer is in high school and has 111 points? This kid has been giving advice on PE offers and masters programs to people twice his age. This just goes to show some of the idiots wholly unqualified people and shit floating around this site. I think this proves that we can't trust anyone unless they are certified.

 
trapstar:
holy shit, is anyone else slightly bothered that ibdreamer is in high school and has 111 points? This kid has been giving advice on PE offers and masters programs to people twice his age. This just goes to show some of the idiots wholly unqualified people and shit floating around this site. I think this proves that we can't trust anyone unless they are certified.

Let's get something straight I've never given advice on things that I don't know like PE/HF. I commented on this specific question because I have an idea on what schools are the most recruited for ib/mc/etc, and with the current economy crisis based on what other BANKERS have been saying it seems not to be a good idea to enter ib. If you don't like my advice then you are under no obligation to listen to me or follow my ideas, you can do whatever you want and if you feel that there are more qualified people to coment on this specific question or in general then by all means ask them not me. Finally, if you have a problem with me piss off because I don't need others to tell me whether I'm qualified or not to answer a question I myself can tell when I'm qualified to speak and when I shouldn't give advice.

P.S I did an internship with Morgan Stanley, no connections, no bullshit so that should give you an idea of my qualifications.

 
ibdreamer:
Let's get something straight I've never given advice on things that I don't know like PE/HF.
ibdreamer:
it is highly unlikely to get a job at PE fund unless you are an absolutely amazing applicant and having outstanding connections.
wrong
ibdreamer:
P.S I did an internship with Morgan Stanley, no connections, no bullshit so that should give you an idea of my qualifications.
you are a huge tool and will always be one and i doubt you will ever get a finance job because no one likes working with nerds. go to law school where it is ok to be socially awkward. probably some sort of asian with no friends or girlfriend. no offense to the chill asians out there.
ibdreamer:
Okay, here's the thing I'm a rising senior who is going to be applying to colleges and I've always percieved that I would head off to Wall Street after graduation. However, I recieved a B in my AP Calculus class since my teacher was the most b-tchiest grader ever and now I feel that I can't make it in banking since I'm not mathematically capable. Its not like I'm some moron, who can't do 2+2 because I got an A's in all my other subjects, and scored a 760 on the SAT I Math but I feel that that B is really killing me and creating doubts in my mind from heading of to Wall Street. I'm also taking AP Econ. as a Senior, so if I do well in that (A/A+) do you think that Wall Street is still a viable option?
ibdreamer:
All the time I hear bankers talking about models & bottles. I've always wondered if bankers are working 100 hours shifts, how is it possible for them to be able to do models and bottles? Also, when they are off which I know is crazy since banking takes up your life shouldn't bankers be sleeping to keep themselves off insanity instead of getting drunk?

you are a tool.

 

I'm thinking (hoping) that things will be much different 4 years from now... So I don't know if you'd necessarily base your decisions completely on what's going on right now. I know a lot of people went into undergrad during the beginning of the dotcom stuff way back, and things changed a lot by the time they graduated...

 

To the OP:

If I were you I would not focus on a business major, but something more harder/quantitative like Economics/Engineering if you can do the math/science. Its a better major, and won't tie you down into someting super specific like banking/Wall Street and give you a bit more diversity in your careers. But, if you're absolutely certain that you want to get into banking which is not a good idea just look at the current economy and probable increased government regulation you could take some business/finance courses at college. Anyway, that's my advice take it if you want its your choice and your life and I wish you the best.

To CNI: My internship at MS was last year over the summer, not this year. It wasn't something super meaningful or amazing like interning in the IB Divison or S&T, but it was still a meaningful experience that got me an idea of what Wall Street/finance is like in general.

 
ibdreamer:
To the OP:

If I were you I would not focus on a business major, but something more harder/quantitative like Economics/Engineering if you can do the math/science. Its a better major, and won't tie you down into someting super specific like banking/Wall Street and give you a bit more diversity in your careers. But, if you're absolutely certain that you want to get into banking which is not a good idea just look at the current economy and probable increased government regulation you could take some business/finance courses at college. Anyway, that's my advice take it if you want its your choice and your life and I wish you the best.

To CNI: My internship at MS was last year over the summer, not this year. It wasn't something super meaningful or amazing like interning in the IB Divison or S&T, but it was still a meaningful experience that got me an idea of what Wall Street/finance is like in general.

why are u giving people advice when your highest level degree is your middle school diploma. econ is not that quant. engineering has nothing to do with econ. and neither are considered science. The fact that you even cite any sort of retarded HS "internship" as justification reflects how absolutely clueless you are

 
  1. Getting an internship at a MS wealth management branch is neither impressive nor gives you an idea of what "Wall Street/finance is like in general". It gives you an idea of how to use a copy machine, answer phones, file paper, and if you're lucky, look at some elementary data of different money managers. That is not finance.

  2. You say you know when you are qualified to give advice, and then you give advice on what someone should major in at college during this economic downturn. You think you're qualified, as a high school student, to give this advice? The answer is no, and it shows by you thinking that studying economics is a "harder/quantitative" field of study. Anyone who has gone to college knows this is just wrong.

  3. You are a tool. I state this knowing you will look back at your posts in a few years and agree that you were a tool when you were younger.

good luck in law school,

JB

 

Thanks for your insightful posts ibdreamer. If you didn't read the first sentence of my post you'd know I am in HS too. Why would I take any of your advice? You have the least bit of credibility of anyone on this forum, well, except for your life changing MS paper filing and copying internship that provided so much insight into the street. But thanks for the advice.

Maybe accounting would be better. At least now, with the shape the economy is in, it would be much a much more stable career.

 

This thread is brutal..

Leave the poor guy alone, he's just trying to do what a lot of others most likely have done.

Anyways, I would suggest anything but finance/business right now just for the fact that it will leave you vulnerable to any poor job prospects that might be found in 4-6 years.

Personally, I would find a more "recession proof" major and wait it out until we can know for sure what the other side of this downturn will look like. Then, if everything points to a strengthening market for wall-street type jobs, switch majors or go to business school.

w/e

 

Sigh, I think you made him cry or at the very least he is going to change his user name. I think before listening to anybody's advice take a look at the user's history. It is a good indication of the person's merit and if they have been helpful and constructive in their posts. It is very difficult to continue a charade indefinitely. You are bound to mess up.

 

So, I'm a bit perplexed on a couple of issues:

  1. How hypocritical is it of bankers/future bankers/Ivy League students/etc. to call me a tool when all of banking is basically focused on getting rich/wealthy fast? If you thing I'm wrong on this ask yourself, why do you really want to work those 100 hour weeks and see your social life and more importantly health go down the toilet?

  2. Why is it that I'm getting attacked on issue which I gave perfectly sound advice for? I told the OP that it wasn't a good idea to look into finance because of the market failiure and offered some alternatives, which I might add were backed up by other people who have more experience than I do? I should also add that no one on this forum minus a hand full gave advice, but just continuously attacked me so it kind of defeated the purpose of the post.

  3. Why is my internship at MS being attacked and thrown around and treated like shit when I'd bet a majority of people didn't do an internship let alone work in high school, and I held an additional job with respect to interning at MS?

  4. If bankers work those insane hours, how is it that they have time to argue with a high school student I'm just curious cause either a) you need to get a better social life/focus on your work or b) banking doesn't have that many hours, and I'm guessing its a.

  5. Not a question more like a statement. To those who defended me and realized that I was trying to help the OP with whatever knowledge I had managed to grain through an internship/staying as well informed, thank you. To those who relentlessly attacked me on the most minute points, all I can say is that you are so so pathetic and need to get of this board for the sake of your social life/health, but on a positive note the Republican Party would be proud.

Peace.

 
ibdreamer:
So, I'm a bit perplexed on a couple of issues:
  1. Why is it that I'm getting attacked on issue which I gave perfectly sound advice for? I told the OP that it wasn't a good idea to look into finance because of the market failiure and offered some alternatives, which I might add were backed up by other people who have more experience than I do? I should also add that no one on this forum minus a hand full gave advice, but just continuously attacked me so it kind of defeated the purpose of the post.

Thank you for calling this kid out.

All because you can see Russia from your house window doesn't make you a foreign policy expert.

You should not be giving out advice on things in which you have no experience, otherwise you're just regurgitating information you've read or heard on TV.

 
Best Response

Your argument doesn’t address the underlying problem. You are still a high school student soliciting advice to people who are at a different stage of the game from you. Just put yourself in the position of the recipient. How would you feel if someone 4 years your junior giving you advice on a subject that they themselves have never experience, from a position that is based on third party information and is not even a peer considering they are not even in college. Your internship at a young age is impressive it still doesn't serve as a solid enough background to rely upon. You are also further discrediting yourself by writing out in anger when you wrote:

"if you have a problem with me piss off because I don't need others to tell me whether I'm qualified or not to answer a question I myself can tell when I'm qualified to speak and when I shouldn't give advice."

When you read something that upsets you just wait a bit before posting as this is the internet and you don't want to post something you regret later. I myself have felt the urge to trash some people but realized it’s pointless as all I am doing is exposing or weakening myself.

It is true that nobody can stop you posting as this is an anonymous message board I iterate again to the reader that take all your information with a grain of salt. As I am going to be FT in ER I truly believe that past history dictates future performance. Look to the poster's history to see if they are legit. I know that you might not agree with my post but like you said this is an open forum and I am always open to constructive criticism. If not constructive then please at least be witty.

 

My intention wasn't to pick a fight with anyone or try to ruin someone's career. I was just trying to be a nice guy, and help someone. People started to flip out unnecessarily, and brought up the most pointless things that I had posted which is really really pathetic and I felt the need to defend myself from some unfair tirade. If anyone feels that threatened by me, then fine I'll not give advice but seriously you guys really need to chill out. But I still stand with what I said, particularly on my first question because anyone on this board calling me a tool is a hypocrit because face it for what reason do you work 100 hours a week and pull all nighters, while watching your social life/health going down the toilet. Anyway, this post has gone on long enough and gotten of track so I could care less what you post about me because whatever you call me you're the same thing.

Peace.

 

i agree that people should lay off the kid, because he's just that. that being said, ibdreamer, you should realize that the reason people are jumping on you is because you come off as unbelievably arrogant. i have no problem with this if you actually have the goods to back it up, but as a high school student, that's just physically impossible (sorry, i don't care what internships you've had, or if you read the wsj everyday. yes working in some kind of ops related internship or whatever is impressive for a hs student and i'm sure you'll get into hyp or wherever you want to go, but it still doesn't mean you know jack shit about finance). i think maybe one of the reasons you don't even realize how little you know is because of your lack of exposure to actual jobs in finance. this isn't a knock on you--but seriously, before you try to give advice to the rest of the world, take a moment and acknowledge that you really have no experience in what you're about to say or anything like it.

and then realize that experience fucking matters.

 

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