Irrelevant. Bottom line is that the top banks hire analysts and traders from top MBA programs. Does that mean they don't hire programmers, financial engineers, quant traders, and the like? No of course not, but one does not preclude the other. MBAs also work for UBS, Citigroup, Goldman Sachs, Deutsche Bank, Barclays, etc. As in companies on the list I provided directly from the job board of a top business school.
BA/BA degrees job below. Most of them required "PowerPoint" skills http://www10.i-grasp.com/fe/tpl_Bar...8&c=985634239823&pagestamp=sehvmdefnvwpdsgtis for some reason, i can't find any MBA requirement jobs in the investment banking sector. Maybe they belong in the business banking, personal banking, and corporate banking sectors
Generally MBA's are hired to be investment bankers or research analysts. They are generally not sought out for trading or sales but a few do go that route. Front office jobs are never posted for the general public. Hires come from head hunters (in the case of experienced hires) or directly from college recruiting.
investment bankers do need to find clients such as CEOs (companies). that is requires strong sales. Can't meet the quota, bye bye. Its all about sales. That is where paycheck comes from in the MBA department. As for research analysis, it becomes obsolete. HFT programmers are taking over.
Nah. Programmers have taken some of the trading roles, but not analyst roles. There will still probably be about 20 MBA grads from the U. of Chicago that go into trading this year. Analyst roles are more about analytical and strategic thinking, which is the MBA arena. In general, MBA jobs lead into management roles than anything else. I had a strong background in chemical engineering, and my best offers were mgmt. jobs with chemical companies.
Also, with respect to investment banking or consulting, MBAs aren't generally involved in the sales process. That usually comes from a higher level (Partners, VPs, Directors, etc). MBAs are the busy bodies doing all the work. Had many friends in those roles, and most of them left after a few years to move into more corporate roles (Corp finance or corp strategy), or some went into VC or private equity. MBA is the primary recruiting vehicle for investment banking or consulting.
Partners, CEOs, directors requires strong sales background. strong people skilled. After all, this is all about making money and firms needs customers. This is called Business starting a business requires strong sales to be successful. Sales