Way to rep PSU...

Still not sure if I want to spend the next 30+ years grinding away in corporate finance and the WSO dream chase or look to have enough passive income to live simply and work minimally.
 
Cartwright:
JeffSkilling:
SMU more than UT/Rice wtf

I was surprised at that as well considering that every bulge and boutique recruits at UT (including for new york). Also surprised TCU didn't have one as they usually have at least 1 kid per bank, it seems. Prob year to year thing.

1 kid per bank might be stretching it, but TCU did well this year. Placed 5 SA (3 of which BB)

 
JeffSkilling:
SMU more than UT/Rice wtf

Of course man, Southern Millionaries University. There are only 3 kinds of kids who go there one kids whos parents worked in the industry, two kids whos parents hired industry firms, and kids on scholarship.

Follow the shit your fellow monkeys say @shitWSOsays Life is hard, it's even harder when you're stupid - John Wayne
 
turtles:
turtles:
how the hell did you come up with this list?
according to the list, my top-50 LAC has more BB SAs than Yale

Well, maybe your top 50 LAC (I believe you are referring to Williams with 6 people vs 3 from Yale) has a strong alum base at this BB. Perhaps same goes for UVA (5 people).

 
rufiolove:
Malakari:
And LOL at all the Penn State/OSU Honors program love, 3 between 2 schools with over 30,000 students in the senior class.

You're an idiot if you think we have over 30,000 in our senior class, but thanks for playing.

you mean you don't have ~120k students on campus?
If I had asked people what they wanted, they would have said faster horses - Henry Ford
 
rufiolove:
Malakari:
And LOL at all the Penn State/OSU Honors program love, 3 between 2 schools with over 30,000 students in the senior class.

You're an idiot if you think we have over 30,000 in our senior class, but thanks for playing.

U JELLY BRO?????
 

Another BB SA

Top representation: Harvard Princeton Cornell Georgetown Wharton

Others: Columbia Brown BC Michigan Wellesley Williams Dartmouth Carleton Amherst Indiana Vanderbilt NYU Lehigh GW Colgate

few other schools

For JPM--4 from Miami U of Ohio? Interesting

 
PeterN.:
ibhopeful532:
^

The list 2 posts above sounds like CS. They love their Georgetowns for whatever reason.

kind of disturbing: there are 12 kids from Georgetown coming in as FT IBD analysts at another BB this year.. all NYC office.. makes them No1 in front of UPenn/Wharton (10).

BarCap?

They seem to love the fratstars

 

Guys, I think you don't understand..this is ONE BANK. I read it the first time and was like...wtf I know at like 15 people working at BB from my school and this says 5? But its a single bank, so its possible its right. Also possible that he just put down random numbers to troll hard.

Reality hits you hard, bro...
 
MMBinNC:
Guys, I think you don't understand..this is ONE BANK. I read it the first time and was like...wtf I know at like 15 people working at BB from my school and this says 5? But its a single bank, so its possible its right. Also possible that he just put down random numbers to troll hard.

no this is legit. I go to one of the schools on the list and know the JPM kids for this summer. the number for our school is correct at least

 
ibhopeful532:
Hey Vox, is this list Global or just the US? It doesn't include London / Asia analysts right?

hahahahahaha, definitely just US offices.

Could you imagine if this were global!?

"Surprise all you eager LSE kids! Guess what! You're all fucked!"

lol

“Millionaires don't use astrology, billionaires do”
 
Nouveau Richie:
ibhopeful532:
Hey Vox, is this list Global or just the US? It doesn't include London / Asia analysts right?

hahahahahaha, definitely just US offices.

Could you imagine if this were global!?

"Surprise all you eager LSE kids! Guess what! You're all fucked!"

lol

on that note HEY CANADIAN KIDS--I don't care where you go. Your Wall Street placement sucks.

 
englishtoffee:
Which JPM regional offices are there? ...and this list includes them? interesting.

Georgia IT lol, GA tech?

there's chicago, san fran, dallas, toronto, houston, LA, and calgary

 

Wow, Columbia and Dartmouth aren't so great when it comes to representation at JPM. I know that Columbia has placed well in the past 2-3 years and even had a huge presentation on campus, but I guess it didn't translate into summer positions.

No rain drop ever blames itself for the flood.
 
Dr.azn_stereotype:
Wow, Columbia and Dartmouth aren't so great when it comes to representation at JPM. I know that Columbia has placed well in the past 2-3 years and even had a huge presentation on campus, but I guess it didn't translate into summer positions.

or the kids could have all taken offers at other firms...

 
Solidarity:
Dr.azn_stereotype:
Wow, Columbia and Dartmouth aren't so great when it comes to representation at JPM. I know that Columbia has placed well in the past 2-3 years and even had a huge presentation on campus, but I guess it didn't translate into summer positions.

or the kids could have all taken offers at other firms...

Or he could be talking about JPM...

Follow the shit your fellow monkeys say @shitWSOsays Life is hard, it's even harder when you're stupid - John Wayne
 

Yes, but banks also keep people in on hold. All schools have the problem that students take offers from competing firms. Perhaps, JPM's standards at Columbia were a tad too high and students went to MS or GS instead. Overall, a lot of factors are the same among all target schools so it's still a curiosity as to why Columbia only placed 1 junior into JPM, especially when the school usually sends at least 2-3.

No rain drop ever blames itself for the flood.
 

This type of placement pattern was also common at the boutique I'm working at. It seems like top schools don't send as many students into the top banks as this forum would like to suggest. There are probably way more students going into banking from Penn State or Stern than Columbia or Dartmouth but also the Ivy League tends to attract more intelligent students.

No rain drop ever blames itself for the flood.
 

From my experience, Columbia kids were more pre-dispositioned towards S&T than Ibanking

Also, you need to control for factors of size and career interests. A lot of students from Columbia and Dartmouth would rather spend summers working for Oxfam Hunger, interning for Anderson Cooper, IMF/IFC, or working at the Met than kids from Stern.

 

thepuh, Nova is a semi-target. There are many banks there, BB, boutique, and MM. Don't be discouraged anyway, this is only one firm, JPM, and it's not indicative of all things forever. Besides, as far as I understand it from alumni and current students, it's a bit more inclined toward S&T at the undergrad level, so IBD placement might not be as strong.

I am permanently behind on PMs, it's not personal.
 

For those interested in Europe, this was posted in another forum. A compilation of numbers from the IBD and S&T spring programmes in London at DB, JPM, UBS, MS, CS, GS and Barcap (numbers were excluded where a university had only 1 student represented in a programme to prevent statistical outliers).

Oxford - 76 Cambridge - 69 LSE - 64 Warwick - 58 UCL - 39 Imperial - 27 Durham - 19 Nottingham - 12 SSE - 10 Bristol - 6 HEC - 5 Loughborough - 3 Rotterdam - 2 Amsterdam - 2 Birmingham - 2 Kings College - 2

85% came from the top 6 listed above. I'm actually surprised. Seeing as there is no OCR in the UK, I would have expected a larger representation of non-targets compared to the US but that doesn't seem to be the case.

 
Lozza:
For those interested in Europe, this was posted in another forum. A compilation of numbers from the IBD and S&T spring programmes in London at DB, JPM, UBS, MS, CS, GS and Barcap (numbers were excluded where a university had only 1 student represented in a programme to prevent statistical outliers).

Oxford - 76 Cambridge - 69 LSE - 64 Warwick - 58 UCL - 39 Imperial - 27 Durham - 19 Nottingham - 12 SSE - 10 Bristol - 6 HEC - 5 Loughborough - 3 Rotterdam - 2 Amsterdam - 2 Birmingham - 2 Kings College - 2

85% came from the top 6 listed above. I'm actually surprised. Seeing as there is no OCR in the UK, I would have expected a larger representation of non-targets compared to the US but that doesn't seem to be the case.

I got an offer from one of these for London (+1 for the nontarget american school)

IVY for Life
 
Jay Gatsby:
Millsaps?

I have no clue what Millaps is and I am not even bothering to look it up, but recently I have been reminded yet again not to write-off someone just because they go to a 'lesser' school. I see the email of this kid in my future SA class, and having met the person before I think to myself "oh, really? how did he make it that far?". I google his name and realize that he is probably one of the smartest interns...

 
little_monkey:
Jay Gatsby:
Millsaps?

I have no clue what Millaps is and I am not even bothering to look it up, but recently I have been reminded yet again not to write-off someone just because they go to a 'lesser' school. I see the email of this kid in my future SA class, and having met the person before I think to myself "oh, really? how did he make it that far?". I google his name and realize that he is probably one of the smartest interns...

I was pretty shocked by Millsaps as well. I've heard of it...it's a tiny liberal arts school in Mississippi (of all places), famous for being on the wrong end of the Miracle in Mississippi of 2007:

I was surprised there were 5 kids from Washington & Lee. W&L has a solid rep in the liberal arts circles, but damn. Pretty impressive considering how small that school is.

 
Iceman21:
1 at UT austin? There has to be more than 1 BB offer at UT austin I know like five UT austin five kids who got BB offers

This is just one bank

Follow the shit your fellow monkeys say @shitWSOsays Life is hard, it's even harder when you're stupid - John Wayne
 

Yeah, I'd heard of it too. We actually play(ed) them in baseball. Having some knowledge of the school, it was interesting to see that they had someone interested in the industry, much less someone working in it. Like littlemonkey said, it just goes to show that, as always, you can break in from anywhere as long as you have the drive and gpa. That, or connections

 
jjcannon:
LOL at how everyone on this site shits on Baruch for being an institution for the poor/dumb... Baruch represent!

They are just haters! Baruch kids pay almost nothing for their tuition and still have plenty of opportunities to get into Banking. If my ass were 200k in debt at some Private school just so I can get into IB, and I see Baruch kids doing it for nothing, I'd be pissed too!

 
bananafreak:
NF0913:
look at mu of ohio running train

columbia getting diced

Most Columbia kids don't plan on doing finance which is not intellectually challenging at all

That's not true at all. There are a ton of students interested in finance at Columbia. I think Columbia sends roughly 10% of its class into the financial services, which is comparable to Princeton based on career surveys.

The interest at Columbia is there though there are plenty of students who don't have jobs. If anything, Columbia tends to send more students to PWM, AM, and smaller firms. Definitely not Silverlake or Soros.

No rain drop ever blames itself for the flood.
 
mxc:
ul8492:
i think this list is classic IBD plus credit risk. JPM puts risk within the JPM investment bank.
Hence all the non-targets..

JPM lumps together IBD and IB risk for the full time training, not for SA. This is the SA IBD list only, it includes NYC and ALL regional offices. And yes, JPM has a big intern class because it also has a big analyst class. For those familiar with the matter, JPM conducts 2 separate trainings for full time, due to the size of the analyst class.

 

JPM had around 150 for AM alone last summer, but this included absolutely every front office role under AM, from people working in the fund of funds group in NYC to private wealth management in Grand Rapid, Michigan and Tulsa. According to Wikipedia, IBD includes:

* Investment banking: advisory; debt and equity underwriting
* Market making and <span class="keyword_link"><a href="//www.wallstreetoasis.com/finance-dictionary/trading-overview">trading</a></span>: <span class='keyword_link'><a href="/resources/skills/trading-investing/what-is-fixed-income-FI">Fixed income</a></span>, Equity
* Corporate lending
* Principal investing
* Prime services
* Research

That list probably doesn't include some of those services (S&T, Research) but 160 SA for IBD isn't that surprising, JPM is a big fucking bank.

 

Another BB (IBD) for U.S. offices. Please do not quote this in case I have to remove it. Ranked numerically first and then alphabetically. Smaller class size (70-85).

Dartmouth

Boston College Cornell Duke Georgetown Michigan UVA

UPenn (Wharton?)

Harvard Notre Dame Princeton Smith Stanford UC Berkeley Washington & Lee William & Mary Wisconsin

Yale

Amherst Brown Clemson Illinois Kansas Maryland Middlebury Morehouse Mount Holyoke NYU (Stern?) Rice Santa Clara Spelman TCU UC Irvine UCLA Wheaton Williams

 

Because OP deleted it and replaced it with "..."

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

is this Citi / BAML? i heard they took a ton of kids from wharton this year. i don't think GS / MS take as many (4 each?).

the "12" figure is a bit crazy.

 

I would hazard to guess that the numbers getting thrown out here- assuming this is the TOTAL analyst class- indicate a BB with fewer employees (maybe Lazard? Just throwing out a name here- I'm not seeing the army one would expect at JPM, BAC, or Citi.). When I was an SA at a large (though not gigantic) BB, we had 120 summer interns in Capital Markets New York. Then again, that was back when the business was booming.

I do find it interesting that Lehigh and ND had as many students as H/Y/P. That certainly wasn't the case back in 2006. It was something along the lines of 25% of the kids being from state schools, 25% from Cornell and Penn, 20% from other Ivies, and the remainder coming from some combination of Northeastern targets, CMU, and Stanford. I don't need to advocate my own biases on the target school system too much, but I will say it's sometimes healthy to get a wide range of perspectives in the Capital Markets world. (I am guessing the same goes for IBD.) Getting students from different geographical parts of the country with different educations (IE: Jesuit university vs. secular private school) is a good way to accomplish some of that.

 
brisbane:
No. The takeaway is that 1/50,000 students at Penn State or ASU land a summer gig at this bank.
So in other words, the kids who make it in from the target schools are one in 100 while the kid who got in from ASU is more like one in 50,000. These kinds of stats- combined with experience with employees- help reinforce a lot of hiring managers' views on the weaknesses of the target school system and are part of the reason that some emphasis has been taken away from targets over the past few years.

When I was a summer intern four years ago, that ASU spot would have gone to a kid from a Northeastern target school. And I would suspect that if the trend continues- and managers get more confident in their selection process, more spots will be allocated towards non-target schools.

 
brisbane:
Solidarity:

For the most part, it was the usual suspects but the main takeaway is that regardless of school, you can still kick ass and land a good summer gig. Penn State, ASU, and Cal Poly had one kid each. Lehigh and Notre Dame had 2-3 each. BC had 4.

No. The takeaway is that 1/50,000 students at Penn State or ASU land a summer gig at this bank.

I'm sure 50k students at Penn State applied for summer SA gigs at BBs. You're not looking at this accurately.

 

We (ASU) don't have anyone doing SA IBD at citi this summer.....unless he/she has been sneak attacking wall street unbenknownst to anyone in the IBD-seeking community at ASU. We have a couple guys going to Citi for FT S+T, but none on the banking side (or even SA for that matter) at Citi.

My guess is CS or UBS.....

 
SirBankalot:
ASU is a joke.
Well, the joke's on you. Somebody (actually multiple people) got into banking from ASU this year, and there's a good chance that somebody from your school- as well as mine- wishes he could have one of those spots. Goes to show that there's probably smart people everywhere, especially at a respectable state school like ASU.

I am looking forward to the day that we can also get the smartest kids from BMCC and Hudson Community College into trading; they might just give some of the Wharton grads a run for their money.

 

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"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 

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