Quote:
Originally Posted by techzbt
Also, you do not need a "Tier I" degree to be an investment banker. Investment banks hire a lot of people from the next tier down (Big 10, Pac 10, Big 12, Tobbacco Road, and other private school eg Emory, WashU, St. Thomas, ND)
I consider "Tier I" to be Ivy League+Stanford+Chicago and possibly Michigan and Northwestern
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Agreed. My former BF was a Managing Director at Investment Banking firm. He did not have an MBA, but did have a JD (Big 10 school). He also completed a 24 month program at Harvard in business, but it was not a degree program.
Their firm typical hires out of college were from the Ivy League. These kids were worked to death (80 hrs per week and at a low pay) for two years, when they would typically leave for B School. Once they graduated with their MBA (typically from an Ivy League school), they were in high demand on Wall Street. The firm x-BF worked for, never hired recent-MBAs without experience unless they were willing to start at the bottom.