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In Martin Frankel was convicted of looting several insurance companies throughout the Midwest of over $ 200 million ( some say anywhere up to $ 1 billion). Frankel had acquired the companies through a private trust set up to hide his involvement since he had been barred from trading following vestment Banking: Job Options. By far the most common route into investment banking for someone just finishing an undergraduate degree is to be hired into a bank' s analyst program ( for more on life as an analyst, see here).
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MBAs are generally hired as associates. Analysts and associates work within specialized groups but they may not always have control over the group to which they get.
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