Andy, as a non quant, after seeing how salty Barkeley students get by being beaten by Baruch, I 100% support your ranking haha. The snobbery is hilarious. If anything, Columbia should of been 6th and Berkeley should of been moved to 7th.
and in what capacity may i ask , can you make those comments.get out of here leech
and in what capacity may i ask , can you make those comments.
I don'tunderstand what the Berkeley students are getting upset about. Their placement stats are pretty impressive ...
What do you guys think of these rankings - the Top 10 Quant Schools According to the Street.
http://www.advancedtrading.com/articles/209102204?pgno=1
The board consisted of esteemed Wall street veterans who selected these top 10 quant schools based on Wall Street recruitability.
I don'tunderstand what the Berkeley students are getting upset about. Their placement stats are pretty impressive:
http://mfe.berkeley.edu/careers/placement.html
I mean with 100% placement sucess, average $158 K compensation plus average $21 K signing bonus, they must be quite happy.
Probably, only CMU MSCF may be able to come close to these numbers. I seriously doubt that Princeton or NYU or Columbia or Stanford can come close to these numbers.
$150K is very standard associate position at banks(sign on bonus included). There is nothing special here. It's the standard.
If that's the standard, then Berkeley must be doing a good job of placing students at 150K+
The other schools have similar records (from whats displayed on their websites). Baruch (disclaimer : my school) posted 95K average/median(we don't report bonus)... just 5K lower...which is around the standard. 95-115K is what associates get depending on the bank.
But anyways... I never said they don't do a good job. I was just stating that what was mentioned was wrong and that they were not getting paid anything extra-ordinary compared to any other person who gets an associate position from another program (as most do in the programs mentioned in the OP's post)
From Baruch's website -
"First Year Compensation
The first year compensation reported here is the compensation guaranteed at the time of hire. It is comprised of the starting base salary plus the signing bonus plus any first year bonus guaranteed in the offer letter, if any."
The 95k-96k includes signing bonus , relocation, etc that's stated in the offer letter. The low average salary (including signing bonus) can be attributed to Baruch placements of some analyst level positions. From Baruch website:
Positions
Associate Advisor
AVP – Risk Analytics & Modeling
Commodities Trader
Credit Risk Analyst
Director of Research
Financial Applications Engineer
Financial Engineer
Financial Engineer Associate
Financial Software Developer
Global Equities Analyst
Interest Rates Trader
Investment Banking Analyst
Lead Financial Engineer
Market Data Specialist
Market Risk Analyst
Quant Developer
Quant Developer Associate
Quant Research Associate
Quantitative Analyst
Quantitative Support Analyst
Research Analyst
Risk Analyst
Senior Consultant
Software Developer
Aso, Berkeley has reported guaranteed signing bonus, guaranteed relocation as well as the unguaranteed bonus. I think they do this to give an idea to students who want to apply what the first-year bonus will look like.
Unguaranteed is nothing more than the first-year bonus which is unguaranteed at the time you get the offer, and variable depanding upon your performance / desk pnl, etc.
If you want to compare base salary + signing bonus you can compare Baruch's $95k - $96k to Berkeley's $101k + $22k = $123k.
Companies tell you unguaranteed first year bonus at time of offer? Not any company I know off.