Heard anecdotally that the IBIS program (seems to be like their version of Kelley's IBW?) places really really well. They have the highest representation out of any school at Ducera with a quick linkedIn search, so obviously bright kids willing to put in the work just with unpolished backgrounds. Can see why the boutique placement is higher 

 

I heard some firms are trying to "diversify" what schools they recruit from so they aren't reliant on Ivy's. Started with the whole Senate hearings earlier this year I think, but just a rumor I heard.

 

Almost positive this is just factually incorrect. As someone who has led summer recruiting for a BB and went to a west coast target, it’s more likely that people have stopped giving as much of a shit what college you go to because it has no correlation to your work product. You don’t have to be a genius, but if you understand the basic mechanics of finance and have a good attitude (and can play a bit of the politics game) you will likely be top of your class.

 

I went to a school with a very big WSP program, similar to that of ASU, maybe even bigger. We had kids going to EBs, BBs for S&T, IB. Some even managed to get tech IB SA gigs in SF. I personally know a couple of kids that are going FT to Blackrock after interning there. A member of the club broke down the math behind that which goes as following: 

500 emails -> 20% response rate, 100 calls -> 25% good conversations, (no ghosting, willing to put you in touch with others at the bank) -> One of those 25 people willing to put in a word for you at their shop. 

The club does sponsored trips to NYC and chicago to meet alumnis and has very well established connections with local shops and companies for sophomores year "M&A, Corporate development" internships.   

 

Are these placements in nyc? 
 

ASU sounds like a great college experience 

 

Is it mostly the sorority girls from there placing into the top boutiques?

 

Same, been seeing a clear upward trend with ASU’s placement these past years. ASU alumni are usually very helpful and the kids recruiting are smart + hardworking. (have some friends in the B-school)

 

Interviewed a H/P/C kid the other day, with lower BB experience, kid was awful. Had 5 years experience -  Was obv smart on paper but could not summarize a deal or tell you anything meaningful without getting lost in the weeds. Also was just a weirdo, truly with weird mannerisms etc. Seemed clear he only got previous job bc he was at a target or this person would’ve been at Enterprise rent a car as a mgmt trainee. As another poster said, the intelligence level is only one factor, you have to be personable or at least be able to communicate effectively.  
 

This is why some well adjusted non targets are doing well esp once they get in the door imo 
 

 

Yes, there have been some interesting developments in the investment banking market this year, with some banks making significant placements in sweat groups such as BX, Ducera, Moelis and Jefferies. When it comes to enrolling in ASU Investment Banking, it can be a good choice for those seeking a career in finance.

 

Had an interview with an ASU grad Jefferies MD who is co-head of their power group and he said that in this day and age he would have no shot at a top IB firm coming out of ASU. Maybe he’s been plugging kids at Jefferies but I doubt it’s a semi-target.

 

ASU IBIS places lights-out. They take the top 15 students at Arizona (75,000 UG enrollment btw) and prime them for banking.

Typical candidate profile:

  • Average SAT: 1480/1600
  • Average ACT: 34/36

Alumni Placements:

 

The typical IBIS kid to your point is 4.0 GPA, high test scores, etc. and chose to come to ASU in most cases on a full ride over semi targets or targets. That being said there are still plenty of opportunities available to those at ASU outside of IBIS. Dimensional Fund Advisors, Wellington (MBA hires mostly), PIMCO (mostly MBA hires), BofA, JPM, Goldman, etc. all recruited on campus when I was there. Goldman hired mostly for SLC but I know of a dozen or so people who managed to land in IB or GSAM in NYC and SF right out of school who then helped the top performers in SLC move up to IB in NYC after a few years.

I was not in IBIS because I fucked around too much in the party scene but was able to go straight to the buyside out of school along with a dozen or so others despite mediocre grades. The key in my opinion if you go to ASU is to get into the honors college. I have no idea what the acceptance rate is now but back when I was there it was a 7-10%, which allows you to avoid large lecture halls and the associated riff raff. They also have exclusive internship and research opportunities, need to publish a thesis to graduate, better housing and dining halls, small class sizes (25-30 was average when I attended) and priority registration (never had a Friday class or class before noon). The only downside is you’re required to get a liberal arts education via additional coursework like you would at some candy ass school like Middlebury. Some of it is interesting but it’s not fun having two days to read a 500 page Dostoevsky book with a 15 page paper and then have a 90 minute moderated discussion about it when you’re deathly hungover. 

When I graduated they were just starting a partnership with Blackrock and the Student Investment Management Fund. The partnership connected students with PM’s to help make decisions with the schools endowment on top of their responsibilities of managing several million dollars of money. My understanding was that they typically hire a handful of these kids out of this program as a result. 

The finance faculty I’d say were fine when I went there but nothing spectacular. The two guys running the show were a former executive at either UBS or CS (don’t remember) and a professor who did a lot of work with Dimensional Fund Advisors. The former CS/UBS executive is a nice guy outside the classroom but was funny to watch in class because he’d pop off on every now and then on low performers in his class.

Ultimately, I think you could do a lot better (Wharton) but you could also do a lot worse (Quinnipiac) and you have all the tools at your disposal to succeed you just need to seek them out. From a branding perspective I think that W.P. Carey as a business school is at or near its peak in climbing the rankings and will be able to maintain its position. 

However, the parent university I believe will experience a moderate to substantial increase in respect in the public’s eyes as people realize it’s moronic to pay $60K/year in tuition to go to Lehigh/Trinity/etc. who nobody outside the northeast has ever heard of and won’t land you a materially better job. Furthermore, the continued growth of Phoenix (5th largest city in country) and the private public partnerships the school has made as a result will provide interesting opportunities for students relative to other public schools. For example they’re partnering with the Mayo Clinic and opening a medical school in 2026 (got some large accreditation boost in the process), Skysong ($600M in venture funding provided), NOVUS Innovation Corrador, NASA, etc. It’s never going to be Michigan, UVA, Berkeley, UCLA, etc. but I think it has an opportunity to grow into being an IU Kelley type school that’s not sexy but is known for churning out solid talent. 

The biggest obstacle to this in my opinion is the public perception of the acceptance rate, which the administration should be playing more offense on. The reason the acceptance rate to ASU the parent university is so high is because it’s codified as law that ASU has to accept a ridiculously high number of applicants (somewhere in the neighborhood of 80% of applicants IIRC). This all came about in the 50’s as a result of a nasty court battle between ASU (was a teachers college at the time) and the University of Arizona who wanted to have a monopoly over higher education in the state. Arizona eventually lost the lawsuit leading to the creation of ASU and Northern Arizona University, which then prompted both schools to push through legislation saying nobody who wanted a college education in the state of Arizona would be denied admission to a university. That decision and outcome was the genesis for a really nasty rivalry that doesn’t get a lot of coverage in the media but is downright ugly given politics were involved when they play in sports. 

 

The increasing recognition of ASU's business programs and the efforts of students and alumni have undoubtedly contributed to this shift. As the university continues to build relationships with top firms and enhance its finance curriculum, ASU students are presented with exciting opportunities to break into the world of investment banking.

 

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