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Messages - iahurricane

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141
On both my diagnostics i took from testmasters i did way better on the scored reading comp and games than the nonscored reading comp and games. i hope i get that lucky in the real test.

142
General board for soon-to-be 1Ls / Re: Univ. of Miami anyone?
« on: April 29, 2007, 08:48:50 PM »
Thanks.  This seems a little counter-intuitive though.  Isn't most of the affordable housing to the north?

Most affordable housing in Miami is way north...north of downtown, in the North Miami Beach/Little Haiti area, as well as west and in Broward county. Other affordable housing is south, in the Kendall area, and the area around Coral Gables is relatively affordable.

Rush hour traffic heads towards downtown. If you are south of downtown, which is where Coral Gables is, you want to drive south in the morning/north in the afternoon to avoid traffic.

No one going the the U shoud be living anywhere north of downtown.

143
Just wondering for anyone into criminal law. One of my friends was arrested being charged for public intoxication, he doesnt remember what happened, but he was told by the cops he was given an alcohol test. Can they do this?

144
Where should I go next fall? / Re: Most lucrative and prestigious law
« on: April 19, 2007, 12:20:35 AM »
are there ibanks not in new york and do they pay about as much?

Yes, there are ibanks in Chicago and San Fran (the next two big I-Bank cities), as well as LA and Boston, and you'll find a hand few in DC, Miami, Houston, and Dallas (mainly boutique firms).

They usually pay the same or a little less, though the bonuses might not be as nice (depends on the company's policies). Those jobs aren't any easier to get, and still require the Ivy/Northwestern/Chicago/Etc. degree for a good shot. The only difference is that sometimes they might also recruit at the local schools.

So pretty much no chance with a 3.6 from miami?

145
As a former analyst in a bulge-bracket I-Bank, I have to say that most of the work you would be doing as an analyst isn't that hard, unless you're building a model to forecast a complex transaction.  Its very interesting from a transactional perspective, and it takes an inordinate amount of precision and attention to detail.  An analyst has to continue to be precise even though he hasn't slept for a couple of days, which isn't uncommon.  In my three years as an analyst, I was actually averaging about 115 hours per week, but its not like that in every group.

For most, much of the strategic analysis is performed by associates, VPs, directors and MDs.  But I have learned much in my three years, especially when it comes to finance, and if it hadn't been for my strong desire to go to law school, I would have stayed on as an associate.

From a purely superficial point of view, the pay is much better in I-banking than in law.

did you work in new york? i really dont want to live there so are there and bulge banks in other cities and do they pay close to ny salaries?

146
Where should I go next fall? / Re: Most lucrative and prestigious law
« on: April 18, 2007, 06:23:42 PM »
are there ibanks not in new york and do they pay about as much?

147
thanks 2nd question: is it possible to get an i-banking job out of undergrad if i dont go to an ivey league school and have a 3.6 gpa?

148
im thinking about just doing i-banking instead. any thoughts?

149
Where should I go next fall? / Re: Most lucrative and prestigious law
« on: April 18, 2007, 03:52:18 PM »
The real question is why would anyone go into law in order to make money?  People who are able to get into law schools are probably able to get into business shools, so if your main concern is to make money, why not go into the private sector (ie: banking, investing, etc)?  I never really could understand why someone would want to be miserable and be a glorified paralegal at a corporate job when they could be getting paid more than that straight from college at a top banking firm.

but isnt it a lot harder to be an investment banker?

My friend is an analyst at Citi, and for a straight-out-of-college job, he makes great money.  He also works 7:00am - past midnight on regular occasions.  Leaving at 2-3am is not out of the ordinary.  I-bankers make lawyers look like slackers.

Do you have to go to an undergad ivey league to get an i-banking job? Or do you need an amazing gpa? I always planned on saving my energy for law school so my gpa is only about a 3.5-3.6 but now im thinkin about i-banking instead. 

150
Where should I go next fall? / Re: Most lucrative and prestigious law
« on: April 18, 2007, 02:09:55 PM »
So accident attorneys make the most $$$? really?? is there a website that has a breakdown of the legal fields and states the average starting salary?

It depends on how good you are (John Edwards, good ... locals where I live, not so good).

In New York they can make a lot of money (millions).  In the south, they'll make almost no money. 

Accident attorneys are similar to minor league baseball players, sure a few of them will go one to make millions in the pros, but the vast majority either won't make it or will struggle their entire careers.

This is true, but I'm talking more in earnings potential, which for personal injury lawyers can be remarkably high (and higher than the salaries doled out at Wachtell, the highest paying corporate law practice).

Wachtell pays about $145k to first year associates and tags on a 100% bonus so right out of law school you'd make $290k.  I doubt any first year personal injury lawyer makes that much regardless of whether or not his practice had a big win.

Seriously??? how hard is it to get a job at this firm?

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