Thought about investment Banking? CHeck this out

[petehsiung]

Check this article out about investment banking and how its comparable to a fraternity in some day taking in consideration of hierarchies, personality and what not and how it relates. I bet you probably know some of your brothers who went into that kind of business. Not to mention its definitely a lot of work yet also pretty lucrative career with plenty of money. Yet at the same time as they move up the hierarchy as Ive read, their opportunities outside kinda becomes limited. Perhaps you might have heard of what the stereotypical investment banker was back in college?

www.mergersandinquisitions.com/investment-banking-hierarchy/

"They were right – just like a fraternity, there’s hazing, a hierarchy, and certain rituals you must go through to advance."
“He’s lying, a bank is exactly like a frat house.”

[petehsiung]

On a side note,what are your thoughts of pursuing a MBA? Its not to mention Im planning on pursuing one where it could present more opportunities in this career :International trade, I am thinking of.

[Tom Earp]

Todays MBA is yesterdays BA/BS.

Go for it Peter if can.

[petehsiung]

Good point. MBA is not a bad idea and worth it if you know what your plan with it is (other then to compound your debt prob and assuming no experience, makes you less marketable). Would be nice but even a lot of good ones either prefer or even require "work experience" as well. Definitely makes sense since they have something to offer in terms of experience and knowledge to the class and community to get the most out of what they learn. A classroom can only teach you so much.

[Tom Earp]

I remember the times when I did not have enough experience or to much for a job. How in the heck can you get experience if you cannot get a job to do it??? If you don't have a job but need one, will take less to get one!!!

Employers will take out of school and retrain you as you are still in the learning mode.

They also look at extracuricular activities!!!

[petehsiung]

If its a job or finding a job after undergraduate, thats a different story. Its true that many people after undergraduate don't necessarily work in jobs related to their major (ex. I have a professor right now who has a engineering background yet spent part of his career in human resources in which he was involved with setting up training programs and what not. Never formally worked as a engineer.)
I meant for many MBA programs, they really do highly prefer or even require at least 2 or more years of work experience prior to entering into the program. My opinion is that I think thats a good idea, you have something to offer to the classroom and when networking, it helps better. Let alone, its rare for them to accept people with zero work experience.
Though I would be against going to MBA or graduate school right after undergraduate with little to no work experience thinking it makes them more marketable or employable. It doesn't- read this article:


money.usnews.com/money/blogs/outside-voices-careers/2011/12/21/grad-school-isnt-an-escape-from-a-bad-job-market
"But while this may be a way of avoiding the job market for now, you can't put it off forever. And even worse, these grads may have an even tougher time once they do enter the market than if they’d jumped straight into it.

The reality is that grad school is expensive and time-consuming, and it generally will not make you more marketable, unless you’re going into a field that specifically requires a graduate degree.

But what it will do is keep you from getting work experience for that much longer, meaning that when you’re done, your peers who have been working full-time while you were in school will be more competitive than you."

Finally I agree- extracurriculars are important- thats true.

[Tom Earp]

You just hit the nail on the head! Is it worth going further and going deeper in debt unless it is a specialized field or graduate and get a job.

That seems to be the main thought today, right?

But also with the economics as they are today, who knows. Maybe that is why school enrollment has increased so much, NO JOBS!

[petehsiung]

Thats exactly the result of it- they want to avoid or evade the tough job market temporarily. Unless its specialized or what not, it only compounds the problem further. So now it would be a difference between being more employable with a BA then less employable and heck lesser with PhD (which I heard and read it narrows your job market further since they study something so specialized, its unless outside of academia.) Even academia- don't get me started but not my lifestyle at all- spending time and burying myself into studying something so specialized that less people could care less about plus little to no social life and take work home to work on cuddled up in my bedroom- no thank you. I wonder who like to do work or serious studying at home. Not to mention I have to admit that I definitely have a hard time understanding a lot of professors ( tho Ive had a few good ones that are like average joes but they aren't common) who I always think they are known to be absent-minded or out of touch with what our generation (and perhaps your generation) are into-sitcom, what show did we go to, our weekends at games, restaurant we dined at, basically typical stuff we like to do.