Kenan-Flagler MBA - How much Wall St clout

Specifically for Underwriting & Advisory and Trading and Sales, how well represented is Kenan? I know everybody recruits there but it seems like the recruiting rate is much smaller there than UVa or any of the top 7. That being said, is it extremely more competitive for these spots or is the student body mostly interested in other careers/locations?

 

The class size at KFBS is about 230 so the smaller student body and the fact that the school is in the South makes it less of a target. That being said, Lehman, JP Morgan, Goldman, DB, Morgan Stanley, and CSFB all recruit there. Check the school webpage about the student breakdown of career choice, but I think that alot of people are general managment focussed. That being said, there is less competition in numbers, but fewer hires. Hence its still very competitive for Wall Street positions. I am going there for their RE program which is tops in the country in my mind.

 
Best Response

RE underwriting/mortgage backed securities or pure RE?

I've looked at the breakdown it seems like they got about 6 into GS...

Organizations Hiring 3 or More Students Amazon.com, Inc. Bain & Company Banc of America Securities Bank of America Bear, Stearns & Co. Inc. Black & Decker Booz Allen Hamilton Inc. The Boston Consulting Group Bristol-Myers Squibb Company Capgemini U.S. LLC Centex Homes CIBA Vision Citigroup Inc. Credit Suisse CSE Consulting Deloitte DuPont Eli Lilly and Company Elm Street Development Inc. Goldman, Sachs & Co. The Hershey Company Hewlett-Packard The Home Depot IBM J.P. Morgan Chase & Co. Johnson & Johnson Consumer Products Company Kenan Institute Asia Kraft Foods Inc. Last Mile Communications Ltd Lehman Brothers Inc. Lowe's Companies, Inc. McKinsey & Company McNeil Consumer & Specialty Pharmaceuticals Morgan Stanley The Pepsi Bottling Group Inc. Pulte Homes, Inc. Red Hat Self-Help Small Business and Technology Development Center TIAA-CREF Wachovia Securities

Do you think the BB firms are in the NYC office or a satellite? My fear if I were to go there is that I'd get hired for PWM in Atlanta or something.

 

Yeah - I know 2 of the guys who went to Goldman were PWM in ATL. But as far as RE goes, its both pure RE (development) and RE finance- positions in NYC as well. The Wachovia and BofA positions are probably spread across NYC, Richmond and Charlotte. I cant speak too knowledgably about other hiring specifics as far as the BB's are concerned. With that being said, I think there is probably less competition for Wall Street jobs because most of the students go there b/c they want to stay in the SE. I know of a couple of kids banking at JP Morgan and Lehman in NYC from KFBS. Its a great program that will probably get little respect on this forum b/c its not in the Northeast.

 

The PWM in satellite is a bit discouraging. I would hope that BBs recruit to some extent in their main offices. I know BOA does (assuming Banc of America Securities as well)

 

I'm an MBA student at Kenan-Flagler. Here's who recruited on campus for IBD (and location) and/or where students are going.

MS - NYC ML - NYC Lehman - NYC Citi - NYC JPM - NYC Bear - NYC CS - NYC (not on campus) BofA (regular bank and BofA Securities) - NYC, Charlotte Wachovia - Charlotte Harris Williams - Richmond Other regionals

The Goldman is PWM and usually in Atlanta. Most PWM's seemed to have choices b/w Atlanta and NYC.

 

a few Kenan-Flagler grads. According to them, the school put more summer associates in MS, ML, LEH combined last summer than Michigan or Duke, and that's with a pretty small class size. Also, from what I am told (and I don't have these stats, so I'm just quoting someone) the Class of 2006 put more full-time associates in MS than any other MBA program besides Wharton and Harvard. More than Chicago, more than Northwestern, same # as Columbia. So, with as few students as there are there, they seem to do pretty well. These #s are all for NYC banking, don't know about S&T. Also, if this matters, the people I know who went there friggin' loved it, and they swear by the school.

 

Last year, KFBS placed the following summer interns (out of 280 students):

Lehman: 8 total, 5 IB, 2 S&T, 1 PWM MS: 6 total, 3 IB, 1 S&T, 2 PWM ML: 3 total, 2 IB, 1 S&T

Duke had 8, 6, and 3 as well (but 400 students - 40% more) Michigan had 10, 4, less than 4 (also 400 students - 40% more)

Pitchmonkey is right on - UNC is a great place to spend 2 years. Hot chicks, great weather, top sports programs. Have classmates that turned down "top 5" programs to go here, so that says a lot about the culture/atmosphere. It'll be your only 2 years away from work, so might as well go somewhere where you'll really get to enjoy it.

 

Stewie-

Are you a first or second year? I am pretty sure that I am coming next year (b/w KFBS and Darden)and am really fired up about it. Where will you be working?

 

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