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19 May 2005, 07:38
1) Didnt you say that your employer wasnt sponsoring you for PT? you are going to incur the cost even while you are working so you may as well go full time especially since you want to get into IB. ROI on the program is less than 5 years
2) All PT programs have lower entrance requirements its a fact. at Stern the FT program average gmat is 700 while in the PT program its 670 or 680. PT programs are cash cows for schools so the admission requirements arent as strict not to mention the fact that programs prestige are based upon the FT rankings not the PT programs so they can be more lenient on academic standards.
5)Ive said it before and I'll say it again Stern is very strict with their no PT recruiting policy and will not bend.
6)Fidelity is not a Wall Street Firm nor is it an IB firm its an Investment Management company, I am talking about all the Bulge Bracket/Middle Market players in IB/Sales & Trading.
1) Stern will offer you the same opportunities to get into IB that Wharton or Chicago will. The difference will be that at Wharton, Harvard etc the buyside shops & hedge funds will recruit on campus and they wont be at Stern. It is a top 5 school nationally in Finance that happens to be a 5 second subway ride from Wall Street, if you cant into IB from there it wasnt meant to be.
2)If you are interested in Fiance Stern is just a notch below Wharton,Chicago, Columbia but it is recognized as one of the top 5 in the US. Their ranking falls bc their other programs arent as solid as the top 5 but who cares bc your interested in finance anyway. they have a world renowned faculty with one of the best in the business in Answath Damodoran (not sure on the spelling but the guys a rock star professor)
3) Starting salary and signing bonus as an IBD associate is the same across the street whether your from Harvard or the number 30 ranked school in the country. Year end bonus is really based upon firm profitability and where you are ranked within your associate class.
4) First year associate you can expect 150K+ all in. Last year base was 95K, signing bonus was b/w 30-40, and year end varies. some banks like CSFB were offering guaranteed packages of 200K first year but Im not sure if its the same this year.
I will warn you there is a trade off for these plush pay packages, like the fact that your personal life will be over. 80+ hours a week is a guarantee with many all nighters.