Surprisingly, the answer was 'no'. He said that Columbia helped more in analyzing business plans, developing strategies for principal investments and theoretical understanding. It exposed him to different business functions and overall operating mechanics. The financing skills he utilizes most though, were honed as an analysts for 2 years at Kidder Peabody. He also recommends taking as many accounting classes as possible.
Investment banking revolves around it.
The answer is yes. As a junior person, you'll be well compensated, you'll work more closely with management, and the opportunities for advancement are more often yours than the other dozens of first year associates around you begging for notice.