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Reply to "Kid wants to work on Wall Street"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]For all of you arguing over Bucknell, they actually publish an annual comprehensive list of where their most recent class is working or attending graduate school. Here's the one from 2023: https://www.bucknell.edu/sites/default/files/file/2024-05/final_post_grad_report_2023.pdf There are degrees within in the school of liberal arts (economics, etc) that appear to lead to Wall Street jobs and then if you scroll further you'll come to their Business school (Freeman College of Management). I have no affiliation with Bucknell. My son is a rising senior, we toured this summer and he decided that it's not for him. [/quote] PP, thank you for posting this. It is an excellent report. All institutions should publish similar. You can clearly see that 90% of the finance grads are in IB-adjacent fields. These are great positions! Here is an analogy: they made the pro football team, they can’t all be quarterbacks (IB analysts). It seems like most kids and parents think it’s IB Analyst or bust. It’s not. Learn the game, play, and make the team. At 17 you can’t set yourself up to be a Pro Football QB (IB Banking Analyst) or bust. [/quote] 90% can’t be in IB adjacent fields and the average starting income is $70k, someone is lying here (hint it’s you)[/quote] This is pp. Excuse me? I don’t follow, and I’m not lying so let’s break it down. I’m saying only 10% (that was a SWAG) are in IB; the rest are IB adjacent - so finance but not IB Analyst titles. Where are you getting avg starting salary of 70k? I’m looking at finance grads and the actual starting salary is $89,656. Count up # of IB analysts in that major: seven out of 34 job titles. That’s actually impressive for a small program. They should be the highest paid (over the $89k average, so it follows all of the other job titles drive down the average). In the College of Arts & Sciences, there is 1 Mathematical Economics grad with an IB title at $96k average in the category (again, he would be making more). [/quote] It’s 79k…on the link…that you responded to. The amount of hoops you have to jump through to get this lengthy response is impressive.[/quote]
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