Check out this article in Bloomberg: A must read for Wall Street job seekers

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Gouman

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Check out this article

http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=aJ5z5JLM4JP8

Very interesting article. Some very compelling revelations with respect to what the street is lusting for these days in new recruits, apparently it's not all about MBAs in Finance anymore.

It says the average pay at Goldmans was is 600k in "06". That can't be right, so secretaries are pulling in 120-150k or what.

I see why everyones flocking to finance. I'm just glad it's my passion and not just a means to make boatloads of cash, although thats a nice perk for doing something you love.

Anyways, it's a good read about what top firms are looking for right now.



Edited 1 time(s). Last edit at Wednesday, July 4, 2007 at 05:48AM by Gouman.
 
Average, not median. Its skewed by a few large outliers.
 
This article is so typical. It focused on a few select banks and a few select universities. Nevermind the fact that there are thousands of banks, and investment bankers can be found coming out of almost any university. From my state university, I know almost 2 dozen people from my class who are on with investment banks. This article is very typical: shows the New York-centrism, "target school"-centrism, and select bank elitism. Because we know that 1 bank--Goldman Sachs--is representative of the rest of the banks, coast-to-coast, boarder-to-boarder.
 
All the small and regional players follow the big boys.
 
The 3 IBs I interviewed with didn't "follow the big boys" because they are nothing at all similar to the "big boys." Instead of working with equity IPOs, they worked with real estate investment banking, or with debt issues, or solely in M&A. Goldman Sachs is in no way representative of investment banking in its totality. VERY few IBs really need MIT engineers to operate effectively.
 
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