Best schools for Chicago banking?
Other than the obvious Ivies, Stanford, MIT, and Northwestern, what are the best schools to get into banking in Chicago? Seems like Miami U, UIllinois-Urbana Champaign, and Indiana top the list, but what others are there? Any opinions on this?
michigan by a mile
agree with Hamilton, Ross for sure, check WSO's heat map, Ross was like number two to Wharton
Univ. of Chicago is also great. Building off what you already have, add Michigan and Wisconsin (Madison). I have a few buddies at Wisconsin who talk very highly of their IBD placement.
UChicago seems like too much of a pressure cooker. Michigan and UMadison-Wisconsin both seem like good choices, but I don't know much about them. Isn't your prof pic from UIUC? Couple questions, if you don't mind: How hard is it to get into the College of Business when you apply as a HS senior? If you were denied, how difficult is it to be admitted as a sophomore? Did you do the IBanking academy? Was admissions hard? I know engineering is the big jewel of UIUC, but I'm not sure if the College of Business is upheld to the same admission standards.
COB is pretty hard to get into, but achievable. I think the average ACT is 30-32 and they obviously like good GPA's (3.5+ for example). With that, if you get denied and instead go the transfer route (from DGS) you will need some extracurriculars and at least a 3.5 GPA freshmen year to be a competitive applicant. Again, very achievable. I didn't do the IBanking academy but know a few people that are in it. It's not terribly hard to get into you just need to interview well for it and have an average-above average GPA. Should you not get into COB there is the Econ route which you can still get into the IBanking academy with. Check out their website to see profiles/resumes of current students in the program.
One quick note: should you try transferring from another university to UIUC COB (or any other equivalent) it will be really hard to be admitted (they take very few each year). Furthermore, you will be at a sever disadvantage in getting into the right student organizations etc... to make yourself a competitive candidate. Therefore, its important to get into the right program right off the bat and stay there.
I'm headed to UChicago this fall - not sure what you mean by pressure cooker. Everyone I met there was incredibly nice, so much so that I ended up dropping my apps to Northwestern, CBS, Tuck and MIT when I got in. Keep in mind that they have a flexible curriculum, so admits have a lot of control over how academically stressful there lives are. For IB in Chicago I would think they would be a top choice, if not top 3.
Plus you get to live in downtown Chicago (60% of MBA students do, anyways).
WUSTL
Honestly WUSTL places better into NYC these days...
That's probably true but 13% of the class goes into IB and 40% of that is in the midwest.
Notre Dame.
Second all of these, with UIUC having the weakest placement of those named from my anecdotal experience (agree that Wisconsin has great placement as well). Northwestern obviously very good for placement too, I'm surprised it hasn't been mentioned yet.
Notre Dame for sure
Notre Dame for sure
Notre Dame for sure
my anecdotal evidence would suggest UChicago, Michigan, or Indiana. Have only seen limited UIUC or Wisconsin kids, especially at better firms. Northwestern gets plenty of OCRs but it's better known for churning out consultants
For UIUC--there is a ton of self-selection there. With such a strong Accounting program, the vast majority of students are happy to be sucked into Big 4 tax/audit/consulting.
While UIUC doesn't have a great reputation for IB, the Investment Banking Academy places exceptionally well--definitely on par quality-wise with IU/Michigan's equivalents, just on a smaller scale.
What about a school like Kenyon? I've been leaning towards LACs because I enjoy the smaller campus, opportunity to learn a vast array of subjects that most, if not all (except UChicago, which I probably couldn't get into), of the colleges listed above do not offer, and I'm not 100% sure I want to go into banking (might want to go into vencap, compsci, or FO at a baseball team, childhood dreams right there). According to Kenyon's website, their econ majors do get jobs in banking (Wells Fargo seems to take kids from there). Also the school seems to have good connections to both UChicago and HBS MBAs out of ug. Any Kenyon students out there?
Based on what I've seen UChicago, Northwestern, Michigan, Indiana (especially if you get into the IB workshop), and Notre Dame all place very well. I think a school like Kenyon would be very hit or miss. I work with some people that went to Kenyon/Oberlin/Denison etc, but some people have never heard of those schools. And while the small campus sounds nice, they are in the middle of nowhere with just about nothing going on. I played football at UChicago and traveled to all of those schools a few times and I couldn't imagine actually having to live in those towns. If you are going to go to school in OH go to Miami. Places decently well - I work with a number of Miami grads - and has some of the hottest girls of any campus in the Midwest.
Yeah, but as I stated I've sort of changed my mind lately and now I'm not entirely sure I want to go into ibanking. My long term job goal is focused more on working FO with an MLB club with Ibanking or vencap being a backup venture if option #1 doesn't pan out. I would think Kenyon would be good for baseball orgs as it's geographically close to two big baseball hubs, Cincinnati and Cleveland, which could certainly help with internships.
some of my friends from high school went to UIUC college of business. I heard most of their grads work in accounting or some type of audit-related corp finance.
apparently very few kids form UIUC or Wisconsin break into IBD or mgmt consulting.
At a super day for a tier-1 BB with lots of deal flow out of chicago, the most represented school was notre dame.
I see a lot of UM, IU, and ND kids. NU , UW, UI, and UChicago aren't slackers either.
Wisconsin places about 20 people every year in IBD, of which about half go to Chicago offices. In the end, about 6 go to BB offices in Chicago.
So in the end, if you work hard and are bright, you will be fine going through Wisconsin
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