How hard is it to get into S&T for a top BB, or Jane St. Cap from a state school?

depends on you.... what have you done with your time at rutgers..while all the bb;s may not be targeting your school does not mean you can not get in if you have done your part. yes it will be tougher but what are you bringing to the table.

If money is your goal then it is not for you... yes we are paid in a fashion due to perf but that is not the only matrix to base your career choice on.

I try to tell people trading is not for then if money is their goal.

I'm from a state school and I've received offers from both BB's and prop shops. You're going to have to network a lot - but just remember that if you are bright and hardworking, the sky is the limit.

thanks for your feedback. I've scored very well on standardized tests, have a pretty good GPA and interned at bulge bracket investment bank last summer.

jain, if you are looking for ft positions, it's late for most firms. however, this is the time if you are looking for an internship. and coming from rutgers will make it more difficult, but definitely not unlikely if you network and know your shit.

i wouldn't let going to rutgers make you think you're at a significant disadvantage to an ivy student. i've seen having a BB IBD internship under your belt and a clear drive to get into the industry is much more attractive to a potential employer than a target school grad just going through the motions expecting to land a job becuase of his background.

especially in s&t your work ethic and personality goes a long way. our firm has hired multiple employees in the past month on the trading desk so don't think no place is hiring -- good luck

Very low, especially in this economy...still, look at MM shops

Is your past BB internship a front office one or back office one? If it is a front office one, I think you are at a significant advantage in comparison to other candidates and that includes ivy leaguers w/o internship experience, etc.

it's middle office

actually more like middle-to-front, it's like a liaison between traders and risk mgmt

I'm sure it's still an advantage. I did a trading internship with a BB and I'm still having a little trouble securing another internship for my junior year but I guess tough times warrant more perseverance. I go to a state school albeit one that places decently. Also it seems S&T is tougher to get into than banking this year since banks are in general looking into trimming down areas in S&T that are not generating revenues or taking too much risk. The prop desks at most banks are in a lot of trouble. I think JP Morgan eliminated its' entire global prop team? I read this somewhere on the WSJ or bloomberg but I can't be certain if it's true. DB is trimming down its' prop team and so are other banks. I would look into interning with small trading firms or even local hedge funds as that would give you good experience that you can use to your advantage in the future if the markets recover.

I contacted like 10 middle market ibanks that had brokerage ops, still no reply. I also applied to Goldman Sachs securities spring program which I more than likely have no hope in hell of getting. Hopefully SEO will pull through for me

It's really hard getting a gig you want when you aren't at an ivy. I have the academic merits for ivy just didnt feel that it was worth going in debt for when there's always grad school. Whatever...