WhatisthemostsuitablejobforaMBAstudent.letmesay,thistopicisnotintendedtocoverall,butlimitedtothefinancialfield.thestudentswithaMBAdegreefromtop10businessschoolsinus,willfinditeasytogetawellpaidjobinNewyork.everyyear,thehumanresourcemanagersintopinvestingbanks,topcommercialbanks,mutualfunds,investingcompanyandinsurancecompanygethugeamountsofresumesandapplicationsfromeverywhere,butwhattheyareinterestinginislimitedtothosefromtopbusniessschools,especiallytop10businessschools.thestudentsgraduatingfromhavard,mit,stanford,berkeleyandsoforthwillusuallybebookedinadvancebeforetheformaljobhuntingbegins,andwhentheystartworking,normallythesalariescouldbe150000dollarsorso,anditalsodependsonindividualsandreputationofbusinessschools,somehigher,somelower,butthebasiclevelisnolessthan150000,whichisalsotheaveragelevel.forthesefromlowratedbusinessschools,thestartingsalarieswillbelessthanabove,ifyouworkinaplaceratherthanNewyork,thesalarieswillbefarless.basically,thefirstchoiceformostgraduatingstudentsistoworkatinvestingbankinNewyorksincethebestinvestingbankssuchasmorganstanley,goldman,merrilllynch,lehmanbrothers,solomanbrothersandjpmorganaremainlyconcentratedinNewyork.aswesaidabove,accordingto20/80rulesthatthe20%investingbanksget80%marketshares,thus,thebest20investingbanksget80%profits,marketsharesandresourceswhiletherestisleftwith20%.youmightsayitisunfair,butitisthereality,infact,currently,youcouldseeaninterestingphenomenathatinspiteofthefactthatthedealingamountsofthesetopinverstingbanksarefarlessthanwhatitisinsmallbankinrespectofunderwritingbonds,stocksandothers,theprofitstheformergetarefarmorethantherlatter,sothisleadtoasituationthatalthoughbestinvestingbanksgetinvolvedinlimiteddealings,nevertheless,whetherinbidingamounts,theminimunamountsfornewcustomersandthepercentageofeverydealing,thebestinverstingbankswillbeabletoearnasmuchastheywish.accordingly,itdirectlyleadtothefactthattheemployeesworkinginthesetopinvestingbankscouldbehighlypaidthanthoseinsmallinvestingbank.inaddition,thedegreeofsalariesisalsodependingonyourworkingexperiences,forinstance,ifyouareafreshman,inthefirstcoupleofyears,whatyouhavegotmaybeasmallportionofdepartmentmanagers,andthiscontrastismoreobviouswhenitcomestotheseniormanager.thehigherpositionyouareat,themoreyouwillbepaid.forinstance,ifyouworksatsolomanbrothers,thestartingsalariyis150000orsoifyouarefromtopbusinessschool,whiletheseniorpartnersofthesamefirmwillbeabletogetmorethan1000000ontheyearbasis,whichmaynotincludeextrabonus.ifyouareunabletoworkinthesetopinvestingbanks,thesecondchoicemaybeinsurancecompanyormutualfundsusuallyadministeredbyoneormorethanoneinvestingcompanies.inconstrastwiththecaseininvestingbank,althoughthesalariesmightbenotashighasthat,yet,therisksinvolvedarefarlessthanthosebanksaswell.itreflectafactthattherisksarecorrelatedwithearnings,whichisalsoafamousruleintheinvestingtheory.workinginthesefirms,youcouldbeabletogetstableproceedsinalongtermbecausethestructureofbalancesheetforinsurancecomanyisalsothecaseinwhichtherearealwayslongtermdebtsshownintherightsidewhileshorttermassetsbeingshownintheleftside,sothereisnearlynoliquidriskinvolved.thus,foraparticularyear,theearningsorprofitsarenearlyfixedinacertainlevel.ifyouaretoounluckytofindjobsfromabove,thedepartmentofcommercialbanksorcreditunionsmaybethebestchoicesforyou.althoughthesalariesyougotherearenotsatisfactorycomparedwithinvestingbanksandmutualfunds,yet,atleastnolessthan100000dollarscouldbeguaranteed.forthosegraduatingfromsmallbusinessschools,workingasaofficerinthedepartmentofcommercialbanksorcreditunionsmightbethemostfavouritejobstheyareabletogetasregardstheircapacities.butaboveall,asisaidrepeatlyintheprevioussection,thefirmwhereyouareworkingisnotthemostimporatantfactordecidingyourfuture,thatmeans,evenyouareworkinginasmallfirm,withyoureffortsmade,withyourenergyandtimeyoudevote,itisextremelypossiblethatafterseveralyears,youwillgetpromotedquicky,andwhenyouareaseniormanager,whatyoucouldgetintermsofsalariesandbonuswillbeequalto,ormorethanthatinbestinvestingbanks.conversly,althoughyouhaveahighstartingpoint,workingatabigfirm,ifyouarelazy,ifyouarenotexcellentenough,aftersevealyeas,yoursituationmaybenotbetterthanthosemanagersfromsmallfirms,thus,yourownoptionisveryveryimportant.whichisyourchoice,whichisyourfavoritejob,whatisthemostsuitablejobforyou,whatisyourpotential,allthesefactorsdecideyourfuture,youshouldmakeyourdecisionscarefullyindayonebeforeitistoolate.
