Introducing my kids to IB (in advance)

this is fucking insane. get help

This kind of approach would be a sure track for your kid to detest the job you want to push him towards (possibly detest yourself as well lol)

This is some loser shit

My mom pushed me to be a doctor for the longest time. Did not pursue that path as it wasn’t for me. Closest I’ll ever get to being a doctor is working in a HC group. What I’m saying is you could let him know all the options available and the pros/cons of each, then let him decide for himself.

These days it’s not a bad idea to work before med/law school given how expensive tuition is.

All the people on here saying how horrible this post is don’t understand they were probably raised by wealthy parents and subconsciously steered into this direction. Ignorance is bliss I guess!!!!

I really hope you let your kids do what they want/are passionate about. This industry is tough and mentally straining.

Nonetheless, I respect your grind and find it admirable to want your kids live well off lives. So, to answer your question, yes. It makes recruiting so much easier to go to a target school: ivy league, with Penn, Harvard, Princeton, Dartmouth, and Columbia all having very strong alumni networks that would help get their names into the IB group. Major matters less, again let your kids explore their options throughout high school and even in college. Obviously, a degree in finance or economics would help with a particular question asked in an interview. Though, I’m personally a History major and I’ve had no problems nailing technicals/understanding the markets. Schools outside of the ivy league that are also known to be good in finance include UChicago, Duke, and Stanford.

Good luck and please don’t be one of those parents who dictate everything their kids do. Please please please let them develop a passion for finance. Otherwise, they’re going to be very sad.

While I don’t think you should design a career path for your kid, you also shouldn’t be too hands-off. What I would have really appreciated going into college is having my parents introduce me to people across a multitude of industries and having thorough conversations about work and career progression.

"working in CIB (CB) side"

nice Citi bank

I'm not gonna lie bro, this might be the most Indian post I've ever read on WSO and I've read tons of the 

"HI IAM TRYING TO BREAK IN TO BANKING SIRS, PLESE TOP 4 MASTERS PROGRAM IT, FINANCE QUATN, HJOW POSITIONBEST FOR BNANKING THANK YOU SIRS, FOR THE OPPORTUNTIY THNAK YOU"

I admire your hustle and work ethic, no one works harder than Indians in IBD, that's just a fact, but damn man.

Why become a IB when you can be a SWE. SWE just make so much more than IB with better hours.

This is the way.

Honestly I think you should introduce them to IB but also help them discover the many other career paths of finance and other industries.

A lot of kids don’t understand the life that various degrees/careers will provide. Want to be a teacher? Great, but here is what you’ll make. Want to be a banker? Great this is how much you’ll make and what you’ll give up to do that.

I think this is a bit eager on your part and you generally shouldn’t push your kids towards a certain career path (often times they will end up regretting you for this/specifically avoid that career).

HOWEVER, I do think you can push your kids to excel in school so that they have the options to do whatever career they want later on. My parents pushed me to perform well in school, so even though I didn’t go to a top-tier college I was able to hustle my way to break into banking/PE. On the other hand, one of my siblings went to a top-tier Ivy and decided to not prioritize a high-paying job, but instead to follow a career they were interested/passionate about.

Both of us are successful, and made our choices about what we wanted to pursue not because our parents pushed us to a certain career, but because our parents ingrained in us from a young age that school was important. This gave us the choice and freedom later on to pick whatever career path we wanted.

If it were my kid I’d encourage them to do CS at MIT, Caltech, Harvey Mudd type places

Step one, undo your expectations. What if the kid develops interests in fields other than IB or med? You should encourage your kids to aim high, work hard while leaving room for fun, and explore different interests. This makes them self motivated and self directed, rather than having them possibly detest parental choices (though you mean well).

As for your questions:

Ivy is not critical for any field in UG, including med and IB. It helps, but it is not critical.

All over, but some schools have stronger alumni networks at the top banks. Networking is super helpful to secure internships. Internships most often lead to FT offers.

BBs welcome all majors. Some EBs/ MMs ask for business degree. If pursuing non-business major, kid has to learn technicals and prep for interviews.

It is not. UG gets you BB jobs. MBA is not essential unless you want to move to a higher role or did not break into banking after UG.

Follow Elon Musk on twitter and watch Barbarians at the Gate, Wall Street, The Wolf of Wall Street and American Psycho.

OP as an immigrant myself do not listen to the others who are throwing shade at you for wanting a better life for your kids. Its funny because most of them probably come from rich and connected families that "introduced" them to IB at a young age.

I'm sure many of the people in IB today were grandfathered in in one way or the other and I don't know why they are salty you want to do the same thing for your kids, how often do meet a kid saying they want to be work at Blackstone without any outside influence. Jamie Dimon has literally come from 3 generations of bankers, and people here are pretending he became a banker with no help from his family and they just let him find his way.

To answer your questions:

- Is it critical for kids to attend IVY: I would say its not critical to have an ivy league education, but they should be trained from young to have good grades so when its time for college admissions Ivies would not be a long shot or at the very least they could go to semi targets. From a young age you should let them know Community college is not an option.

- Any majors that are really required- The better the school they go to the less what they study matters, a Philosophy and History graduate from Harvard or Oxford would find it way easier to get a job in banking than a finance grad from Texas Tech or London Metropolitan.

_Is it critical to do MBA before BB banks hire? (In my prior country, that will be a pre-requisite if not CA/CFA / FRM) - In america and the UK, MBA's are not needed anymore especially if they went to a good school for undergrad, an MBA is mostly used by people who couldn't get in had to work in another field for a few years before trying again.

Let me know if you have any questions

Guess OP is from India? CA/CFA/FRM/MBA kinda gave it away. Sucks though - will be working in IB out of undergrad in US and if I have to go back wonder if I can break into IB in India with Tier 1 US experience. 

Also, agree with this person. For those that don't understand - OP is not trying to force his kids into IB - he is trying to get answers so that his kids have a clear idea of what to do if they do decide IB is what they want to pursue. I know I found out about finance through my dad - he didn't force me at all (in fact if anything he was like if I were you I would pursue CS but he gladly supported my pursuit of a finance degree). Immigrant parents want to be there for their children throughout in case any help is needed. They take pride in helping their kids through life instead of "letting them figure it out". This is not done by forcing one path over another, but instead by providing them with all the information needed to make a successful decision. 

OP, I am glad you are taking the steps right now to expose your children to potential career paths - it's a lot more helpful instead of entering your senior year of IB and realizing that you want to pursue IB but then also realizing that boat has sailed until graduate business school. 
 

- Is it critical for kids to attend IVY

It is not critical but definitely helpful. Usually, target schools (where most banks will come on-campus and hire kids) make your life easier than the rest - target schools usually have a lot of alums that can help you network and break-in. They usually have very solid pipelines where if you follow the steps you are almost guaranteed to break in. Semi-targets have solid pipelines to some groups - for other groups they are not targets. Better to be at a semi-target than a non-target. Non-targets have almost no pipelines, and (holding everything else constant) the chances of breaking in from here are the lowest. 

- Which colleges BB banks recruit from for IB

Easiest to search for a list of target / semi-target schools on WSO. 

- Any majors that are really required

Finance is usually the easiest because you have to prep less given you already know the concepts but you can essentially break-in from any major. A lot of the target schools don't have finance and are instead liberal arts-focused. Most of those who break in from a non-target usually has a finance major. 

_Is it critical to do MBA before BB banks hire? (In my prior country, that will be a pre-requisite if not CA/CFA / FRM)

MBA is not a requirement in US - most people break in through undergrad as an analyst. THere's also an MBA pipeline where people come in as associates (just above analysts) but the no. of spots are much less. In my group we have 10 analysts in this year's batch and 2 associates. 

He can study medicine at university and then if he actually wants to do IB he could get in if he really wants. I would let him choose a degree that he thinks he likes and after showing him what IB is, its up to him

I just went through this same decision this month as a high school senior. Parents wanted me to do medicine, I wanted to do finance. I chose finance for the higher comp ceiling, my interest, and the ability to earn over 6 figures out of undergrad. Ivy League definitely makes getting the job much easier, but isn’t required. I have a feeling that you’re from India, given that they require an MBA. Here, an MBA is not required unless you are doing a career switch into IB.

There's now way this post isn't a troll

The most you should do is exposure. Make sure your kid knows all his options and the general path. Sucks to be a junior in college just finding out about the timeline for something like IB.

You had to send your kid to a target pre school for the best shot for them to go into banking. if you didn’t do that you might be out of luck 

Let them do what they love as long as they pick a major where they can get a job

IB is hard to get into so if they don’t like it then would be hard to fool the interviewer 

Bruh, By Top B School I presume you mean one of the Older IIM's? Instead of forcing anything upon your kids, try understanding what their passions and interests are and then try seeing how best to give them or get them guidance and mentorship in those fields.

For context, I am also an alumnus from one of those schools but my brother who belongs to the world of entertainment is already far more successful than me(professionally) and (I really hope) that he goes on to lead a life of much more professional fulfilment than I ever will. Something similar for 2 of my closest friends who after pursuing their passions, are doing very well for themselves in the fields of sports entertainment and entrepreneurship making millions of dollars per year.

Pursuing a career in high finance is quite outdated as a concept in order to lead a financially successful or fulfilling life. It's much better to probably try endowing qualities which will stand your kids in good stead no matter what they decide to pursue- lets say focus/ discipline/ confidence in their abilities/ intellectual curiosity come immediately to mind. And if they have all of these qualities and combined with good mentorship and solid guidance they would be world beaters in any field that they choose- whether its sports, medicine, engineering or entrepreneurship.

What if he attended Ivy school, got into MBA program, and achieved high gpa but still didn’t break into IB? Have you thought about that?

Landing an IB job is partially out of luck and wasting years for things he doesn’t even want is simply stupid. There is not so called “Right Life”!!! As long as you shape your life into a way you want, it’s the dream life for you.

There are plenty of ways to waste your life and you don’t need to pay high tuition for others at least.

1) did you ask your kids what they wanna do? and what subjects do they like and are good at? what kind of personalities are your kids? are they straightforward and less social? do they enjoy studying biology, chemistry, coding? then maybe being a doctor or software engineer will suit them better. are they bad at school but are social and soul of every social group? then IB would suit better.

2) to answer your questions: ivy is not critical but would help a lot. google business school rankings - top 20 of them is what you want to target. no major is required, but economics or finance if available is the most straightforward, no MBA needed.

First and foremost, you need to make sure to assign your offspring a target gender, this include: Female, Homosexual male, Bisexual male, etc.

Second, you must enroll your (hopefully) faggot child to a target kindergarten, this include: Ligma Early Education for Special Children or Sugma Angel Education for Special Children

Jesus fucking christ the comments here are braindead as shit. "Let your kids do what they want to hurkadurka" - yeah no shit. I think at the end of the day most kids will end up picking something they have a semblance of interest in. Nowhere did OP allude to forcing anything on anyone. The title of the post is introducing my kids to IB, just contextually speaking you can assume they're high achieving since one of them is already interested in medicine so its not a bad idea at all. Introducing your kids to the industry you work in, which pays alot and will pave the way for most careers they might want to do down the line is a good thing so long as you're not pressuring them. 

"Need to make a decision whether to put him in Medicine" - for context OP is probably South Asian and this is a translational error. Indians often say stuff like "put them in x" or "I gave GMAT" instead of I did the GMAT. Doesn't mean he's forcefully putting them into anything. I would prefer it if HSers were introduced to finance by family before coming onto here with the million fucking braindead questions they will naturally want answering.

For OP:

1) Ivies aren't essential. A good front-office role will be accessible from most T15/20 schools.

2) Not really but I'd recommend STEM

3) MBAs in the US are done after working a job for a few years and you recruit as an associate instead of an analyst. They're not like indian MBAs where you just do them after your undergrad. Banks hire analysts out of undergrad, the MBA is designed for professionals in other industries that which to switch.

I highly encourage your children to attend liberal arts colleges to develop critical thinking skills that you and many other of our fellow Indians severely lack. Hopefully they will increase the representation of Indians in social science, arts, music and entertainment rather than be another keyboard monkey.

First off most people in medical really are not that well off with all the loans and not earning till 30. Example: in my state average doctor pay is 115k-130Kish I will make more than that by 30 and have no debt plus earning all the way. The people in medical who make money are the surgeons and anesthesiologist. 

That said you do sound a little insane, If I was you I would simply introduce your son to a lot of successful people around you like close friends. This will likely make him look up to them and admire the success. Beyond that you need to chill out a little, give him advice but a lot of your post sounds insane.  

Yea… maybe rethink this approach

Find God

Just out of curiosity, do you also decide what your son wears every morning too?   

The knee jerk reaction from most on this thread is insane and, let’s be honest, it’s because the conclusion has been reached that OP is Indian.

Not once did he say he’s forcing anything on his kid. Borderline racist shit here from entitled people without any perspective-getting.