gettoasty, as Verniza mentioned, what you're referring to is more along the lines of PWM and S&T.
Also, I've seen this advice tossed around on Sufu in some form or another quite a bit:
If you are a student in any humanity track and for many schools this includes business administration degree, you already gave yourself a losing chance if you are thinking about IB. You need not read any further if this case applies to you.
I asked a question on Sufu in some thread (I think it was called "What are you doing with your life?") a while back, and the general advice that I received was that I had to pursue some sort of technical degree if I even wanted to stand a chance of breaking into the financial services industry, let alone a BB. It freaked me out then, but I decided to do some of my own research instead of jumping to conclusions and blindly following e-advice.
From what I've seen, if you're attending a target school, having only a BBA should be enough for IBD. I think 4-5 people from my business school received analyst offers from GS this year, and only one of them to my knowledge had a degree other than a standalone BBA (now an incoming analyst at GS TMT). I even know a girl who received an internship at GS S&T with a 3.4 GPA and no family or pre-business-school connections.
Originally Posted by Nereis
All I can say is, the sea is red with banker blood this year. Lots of monkeys have gotten zeros on their bonus checks as the world economy stagnates and deals aren't forthcoming. We're looking to re-enter the big bad days of the middle of the 20th Century when retail banking was more well-regarded than investment banking if this keeps going.
There's no doubt that all of the investment bankers on the street are getting shafted this year, but the question to ask is whether or not compensation will return when the economy gets going again. I'm not talking about compensation in terms of the golden days of investment banking here; rather, just enough compensation to make the hours and loss of young life worth it (all subjective, I know).