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Wharton or Chicago GSB + $60k?

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rhyme
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[#permalink] New post   21 Apr 2007, 16:20
kwam wrote:
If I were you I would go to Chicago, since today the gap between the brands is not that big. I know some guys who did their MBAs in Chicago and now are working for GS, Lehman, MS, UBS, and other banks (most of them in London, because it is easier to get a visa there afterwards).

I have a friend who has just been accepted to Wharton, MIT and Ross with +40k, and he will take Wharton or MIT because he wants finance too, in his situation I think that is reasonable to let this money, but in yours I do not think so.


Just to be clear... a job at GS, Lehman, Booz, MS, UBS is par for the course out of Chicago. Its not "a few people", its a lot of people...
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Mark4124
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[#permalink] New post   21 Apr 2007, 17:47
Chicago has a great reputation for finance... You'll get any equity analyst job you want with a Chicago degree.
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Mark4124
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[#permalink] New post   21 Apr 2007, 17:50
One equity analyst example...

Fidelity...
Highest number of PMs... Wharton
Second Highest... Chicago
Third... Harvard
Fourth... MIT

Wharton and Chicago are both gonna get you where you want to be for an equities analyst position. 60k is certainly a great offer from a killer school.
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lepium
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[#permalink] New post   22 Apr 2007, 03:19
Mark4124 wrote:
You'll get any equity analyst job you want with a Chicago degree.


Sorry to hijack the thread, but I'm confused. Aren't MBAs offered associate positions? I know nothing of the finance industry, but any position with the word analyst in it sounds like a pre-MBA position. Is it so? Or is there something I'm not getting?

Cheers. L.
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little.nemo
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[#permalink] New post   22 Apr 2007, 03:45
lepium wrote:

Sorry to hijack the thread, but I'm confused. Aren't MBAs offered associate positions? I know nothing of the finance industry, but any position with the word analyst in it sounds like a pre-MBA position. Is it so? Or is there something I'm not getting?

Cheers. L.


As a career switcher, I'm not an expert about the ladders of investment management. But I heard that it will go like this: associate -> senior associate -> analyst -> senior analyst/portforlio manager/fund manager

Anyway, title can be different, but the nature of the work is doing investment research.
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rhyme
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[#permalink] New post   22 Apr 2007, 07:46
lepium wrote:
Mark4124 wrote:
You'll get any equity analyst job you want with a Chicago degree.


Sorry to hijack the thread, but I'm confused. Aren't MBAs offered associate positions? I know nothing of the finance industry, but any position with the word analyst in it sounds like a pre-MBA position. Is it so? Or is there something I'm not getting?

Cheers. L.


Yea, associate is the typical title.
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3underscore
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[#permalink] New post   22 Apr 2007, 08:32
lepium wrote:
Mark4124 wrote:
You'll get any equity analyst job you want with a Chicago degree.


Sorry to hijack the thread, but I'm confused. Aren't MBAs offered associate positions? I know nothing of the finance industry, but any position with the word analyst in it sounds like a pre-MBA position. Is it so? Or is there something I'm not getting?

Cheers. L.


It comes more from the fact that any equity analyst operates under the title of "analyst" pretty much, irrespective of their level. See any of the folk pop up on Bloomberg TV, there is every likelihood that they are not "analyst" level in the job pile, but that is the title they operate under.
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lepium
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[#permalink] New post   22 Apr 2007, 16:29
3underscore wrote:
It comes more from the fact that any equity analyst operates under the title of "analyst" pretty much, irrespective of their level. See any of the folk pop up on Bloomberg TV, there is every likelihood that they are not "analyst" level in the job pile, but that is the title they operate under.


ahh, cool. In my industry, analyst = entry level.

cheers. L.
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Mark4124
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[#permalink] New post   22 Apr 2007, 18:17
It is a job category... "equity analyst." There are of course different levels of analysts, but at the end of the day unless they have made it to portfolio manager, they are all equity analysts.
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yb
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[#permalink] New post   22 Apr 2007, 21:23
lepium wrote:
Mark4124 wrote:
You'll get any equity analyst job you want with a Chicago degree.


Sorry to hijack the thread, but I'm confused. Aren't MBAs offered associate positions? I know nothing of the finance industry, but any position with the word analyst in it sounds like a pre-MBA position. Is it so? Or is there something I'm not getting?

Cheers. L.


In equity research, you begin as an associate and end as an analyst... so it's the other way around.
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09App
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[#permalink] New post   26 Apr 2007, 08:30
You're talking about very comparable schools, and debating a 12 person verse 2 person network. How much advantage can those 10 people give you? As people have said, it's more about how you perform than who you know.

I wonder how many of the Wharton / Chicago people making that decision got money at Chicago and not Wharton.
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flapjack
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[#permalink] New post   26 Apr 2007, 08:39
Mark4124 wrote:
One equity analyst example...

Fidelity...
Highest number of PMs... Wharton
Second Highest... Chicago
Third... Harvard
Fourth... MIT

Wharton and Chicago are both gonna get you where you want to be for an equities analyst position. 60k is certainly a great offer from a killer school.


How much money does the lead manager of one of the Fidelity Select funds make? I know this is off-topic, but the mention of Fidelity got me wondering.
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