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http://www.dspalpha.org/

click on their "careers & internships" and check out their placement..

One kid to Blackstone portfolio management

One kid straight to private equity Credit Suisse

and a whole bunch of them to IBD.. and this is just from the class of 2011 of a frat..

I also heard a couple sternies are heading to Citadel after graduation.. crazy...

Maybe Stern is rising the ranks, now that the economy and wall street is picking up?

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Comments (67)

  • hurro's picture

    They just had a good class this year, some of the other pledge classes aren't as banking heavy.

  • chubbybunny's picture

    Yea true, but it also could be that recruiting was almost non-existent in 2008/2009 since it was during the peak of the recession..

  • randombetch's picture

    This is a very small sample size...

  • GOB's picture

    Stern is the new killin it?

    sounds too strange...lol

  • HarvardOrBust's picture

    From what I've heard, Stern had very very good placement this year.

  • Malakari's picture

    How is this ridiculous at all? It's a tiny sample size and big whoop, you have like 6 kids IBD and then some credit research, portfolio management. You probably go to stern

  • TNA's picture

    Way too much Stern hate going on. It is a top business school, in the heart of the finance capital of the USA/World. Kids can intern as much as they want and all major banks recruit. Tons of top wallstreet alumni. Stern is a finance powerhouse.

  • APAE's picture

    What I feel most people don't give enough credit to Stern for is location. Rank is fairly arbitrary and only means as much credence as a recruiter gives it. If an HR staffer keeps their nose glued to undergrad b-school rankings, they might favor Mendoza (really? haha) or McIntire kids over Stern after Wharton of course, but in my opinion, simply having the access to every single BB firm, tons of buy-side firms, countless boutiques and the entire MM spectrum 24/7 ought to be insane.

    Most people do things to add days to their life. I do things to add life to my days.

    Browse my blog as a WSO contributing author

  • In reply to Malakari
    chubbybunny's picture

    Yea it's a small sample of ONLY the members in that frat; I didn't post this to jump to conclusions I'm just giving a sample so take it for what it is.

    Btw, the total class of 2011 in that frat is about 15-16 give or take.

    Malakari:
    How is this ridiculous at all? It's a tiny sample size and big whoop, you have like 6 kids IBD and then some credit research, portfolio management. You probably go to stern

    Are you saying portfolio management at Blackstone is easy to land?

  • jimbo_slice's picture

    This placement isn't a huge surprise to me. Stern is a terrific school, great finance program, lots of bright kids go there, and it's a stone's throw from Wall Street.

    Agree with ANT: Hating on a school with Stern's track record is absolutely ridiculous at this point. It's also not good for the high school kids to take these cheap shots from borderline pathologically insecure Ivy-Leaguers as fact. (No, I don't go there).

    It's also a shame that any thread repping a school that's not WHYPS has to turn into a "my Ivy is more Ivy than yours" dick-measuring contest. So lame, guys.

  • gsduke's picture

    hey randombetch you get a job yet?

  • In reply to gsduke
    randombetch's picture

    gsduke:
    hey randombetch you get a job yet?

    A few IBD interviews so far, but most first round SA interviews are mid Feb at my school. Why do you ask?

  • In reply to TNA
    Jorgé's picture

    ANT:
    Way too much Stern hate going on. It is a top business school, in the heart of the finance capital of the USA/World. Kids can intern as much as they want and all major banks recruit. Tons of top wallstreet alumni. Stern is a finance powerhouse.

    This.

    People like Coldplay and voted for the Nazis, you can't trust people Jeremy

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  • In reply to WishYouWereHere
    user_'s picture

    southernlovr:
    wow...that list is ridiculously asian

    There's Lucy Liu!

  • Malakari's picture

    Obviously there are a ton of Stern kids here defending their school. I don't know what the point of this thread was. Everyone knows Stern is a great school. Do you need the forum's approval?

  • In reply to chubbybunny
    boutiquebank4life's picture

    chubbybunny:
    Yea it's a small sample of ONLY the members in that frat; I didn't post this to jump to conclusions I'm just giving a sample so take it for what it is.

    Btw, the total class of 2011 in that frat is about 15-16 give or take.

    Malakari:
    How is this ridiculous at all? It's a tiny sample size and big whoop, you have like 6 kids IBD and then some credit research, portfolio management. You probably go to stern

    Are you saying portfolio management at Blackstone is easy to land?

    Lol are you kidding. portfolio management is no better than PWM at a BB. In fact the BB PWM > boutique PWM which has 0 clients and no track record compared to a smith barney or ML or even UBS advisers.

    Kids with 3.0 and 3.3 @ stern can land pwm/portfolio jobs. Definitely the FO reject ibd crowd.

  • pandakush's picture

    Yo I'm a junior at Stern. I'm majoring in finance and economics - I get to work with two great professors on my econ thesis and I already have interviews lined up with most of the BB's. I got more money than anyone else i know in college and the best drugs. I also get to put my dick in slutty tisch chicks - I don't have to do stupid school pride bullshit or deal with douchebags outside of class. So to all the ivies, suck a dick. Fuck y'all.

  • feenans's picture

    BSAM is not fucking PWM, most clients are institutional. They have internal hedge funds and fund of funds, portfolio management doesn't spend time finding clients or cold-calling - it's asset allocation/idea generation. That group is 10000x better for the path of running money and becoming a portfolio manager (duh!) than IBD/S&T.
    Saying blackstone asset management is a boutique with no clients or track record is fucktarded.

    What the fuck are you saying??

  • Antsman's picture

    The dude who's going to CS PE is actually going to fund of funds or secondary PE (which is not better than IB). CS direct PE is former DLJ PE, which is going out of business, therefore, there's absolutely no hiring in that group whatsoever. He will be in a cushy job with little to no exit opps. Then again, he might not care about exit opps like most monkeys on here, my $0.02.

  • In reply to pivot1990
    gsduke's picture

    pivot1990:
    How does Stern compare with Colombia?

    Stern is in New York City and a pretty decent university for finance placement, whereas Colombia is a former hub of the cocaine industry. Ironically, Columbia is a former hub of the cocaine industry too.

  • In reply to feenans
    twilightgirl's picture

    feenans:
    BSAM is not fucking PWM, most clients are institutional. They have internal hedge funds and fund of funds, portfolio management doesn't spend time finding clients or cold-calling - it's asset allocation/idea generation. ?

    maybe I'm confused, but what exactly is this BSAM you're referring to? the only group that they actively recruits undergrads for in portfolio management positions is BAAM, which is their fund of hedge funds business. Fund of funds is in no way a better path to managing money that ibd/s&t

  • In reply to gsduke
    APAE's picture

    gsduke:
    pivot1990:
    How does Stern compare with Colombia?

    Stern is in New York City and a pretty decent university for finance placement, whereas Colombia is a former hub of the cocaine industry. Ironically, Columbia is a former hub of the cocaine industry too.

    I cannot SB this too many times.

    Most people do things to add days to their life. I do things to add life to my days.

    Browse my blog as a WSO contributing author

  • In reply to pandakush
    New Yorker's picture

    pandakush:
    Yo I'm a junior at Stern. I'm majoring in finance and economics - I get to work with two great professors on my econ thesis and I already have interviews lined up with most of the BB's. I got more money than anyone else i know in college and the best drugs. I also get to put my dick in slutty tisch chicks - I don't have to do stupid school pride bullshit or deal with douchebags outside of class. So to all the ivies, suck a dick. Fuck y'all.

    ha ha ... this should be someone's "why nyu essay"

  • boutiquebank4life's picture

    pandakush don't fool yourself bro, everyone knows asians only bang pandas and anime since white guys take all the asian chicks aw yea.

  • KB24TD21's picture

    A friend of mine is there and I can echo this year's placement. She said its a relatively new trend as its really only been the last 2 classes. But they have something like 7 GS IBD, 4 MS IBD, 8 JPM IBD, 8 Barcap IBD, 8 CS IBD, 5 Citi, 7 BAML, 2 BX and at least 2 headed to each of Evercore, Lazard, Greenhill and other boutiques not even getting to small firms. 5 years ago that wouldn't have been possible but now the school has really hit an uptick. I mean its a good school, great Finance and Economics work and its right in NY. Not surprising they would be on step with the Ivies for IBD Placement. If that's what you want its there, difference is the Ivies have kids going into other things. Here we have about 10 kids doing MBB, they placed only 1 at each. We have 6 kids going to Harvard Law, and a bunch to Yale Law. I've only heard of a couple going so its all relative.

    So how about everyone stop comparing and go find what they're looking for!

  • APAE's picture

    Echo the above. I don't know about former classes, but I'm '13 and talking to '10 and '11 kids the placement is a bit surprising. Personally know four GS IBD (two TMT, one RE, one natural resources) from those years, two BarCap, one Citi, and the two into Blackstone.

    And ANT, gross. >_<

    Most people do things to add days to their life. I do things to add life to my days.

    Browse my blog as a WSO contributing author

  • yahoo's picture

    I'm not sure what's more toolish: listing job placement on a frat web site or being in a coed frat filled with asians....

  • In reply to yahoo
    chubbybunny's picture

    yahoo:
    I'm not sure what's more toolish: listing job placement on a frat web site or being in a coed frat filled with asians....

    its a business frat, not a social frat, so posting placement would make sense, just like how MBA schools will post placement reports.

  • In reply to derivstrading
    HarvardOrBust's picture

    derivstrading:
    I don't think ppl hating on Stern understand the advantage being in NYC gives in terms of part time work experience during term time.

    Too many haters in the building.

  • dominatingtheT's picture

    how many kids in a stern class drop ibd resumes? 400?

  • APAE's picture

    Considering that each class is <550 tops, 400 seems a bit of a stretch.

    Most people do things to add days to their life. I do things to add life to my days.

    Browse my blog as a WSO contributing author

  • APAE's picture

    Not sure. I'd guess roughly 60% of the kids dream of banking, probably 80% make submissions either seriously or for the hell of it (know one kid who did it on a whim with a completely blank pdf he uploaded as his cover letter since he didn't want to bother with one and ended up making it all the way to a BB superday), so say for the class of '12 with 480 kids * .6 or .8, 280-380 or so? 400 is a bit too liberal.

    Most people do things to add days to their life. I do things to add life to my days.

    Browse my blog as a WSO contributing author

  • warren1's picture

    @A Posse Ad Esse

    Do kids at Stern usually land job offers via their careernet or via their own networking etc?

  • HarvardOrBust's picture

    Wikipedia page has around 2,300 kids for undergrad... 480 per class seems too low.

  • dominatingtheT's picture

    ^ yeah, 2300 / 4 = 575. 480 * .6 = 288 which i'll round to 300. if the kid's numbers up there are accurate about placement this year at stern... we're talking ~55/300 = %18.3... anyone know what the typical % of candidates are given offers at targets? i think my school drops maybe 200/yr.

  • dominatingtheT's picture

    wow wharton crushes with its 28 goldman placements... pre-professional, eh? i would hope numbers at my school are as optimistic, and be happy even if they were less.

  • International Pymp's picture

    wharton clearly crushes every other UG business school by a factor of ten...

    That said - I'd like to quote (okay, paraphrase... I'm not going to look it up) from LSO and say that "wharton is a glorified vocational school and yet its graduates tend to feign academic pedigree... which bothers me"

  • dominatingtheT's picture

    ^ i was thinking more along the lines of wharton vs. the rest of the ivies.

  • In reply to dominatingtheT
    HarvardOrBust's picture

    dominatingtheT:
    ^ i was thinking more along the lines of wharton vs. the rest of the ivies.

    I'm not sure other ivies pump out bankers like this either. Not everyone who goes to Harvard wants to be in finance. Wharton's the outlier.
  • analystforhire's picture

    ^ True; however, Wharton v. Ivies isn't fully accurate as Wharton is UG business whereas none of the other Ivies have UG business.

    As a Sternie, with ~500 in my class (2011), for summer internships last year I believe ~75% dropped resumes, and going into FT, I'd say that at least 30-35% of class is doing FO at BBs/MMs/boutiques.

    Combination of CareerNet and networking for most. Many who landed summers through CareerNet networked to leverage other offers after. Others networked for summer and re-signed, others networked summer and did OCR FT, etc...

    Not touting any prestige of Stern as I find most students hard-wired at birth to do IBD. However, the placement of the last 2-3 years should beget at least some uptick in rank/faculty/etc.

  • dominatingtheT's picture

    ^ i see. sounds like the stern class of 2011 was quite successful. what would you say about the 3.5+ gpa touted in previous years when it came to stern this year and the economic environment? is a 3.7+ a more realistic requirement? with the numbers you indicated, stern placed 100+ kids on the street... is this largely attributable to stern being ugad business and the opportunities for students to intern or high gpas + extracurriculars? my curiosities are geared more towards the sa crowd, and i understand the weight of the interview.

    and international pymp, couldn't the overglorified argument really be applied to any top school in the country (play devil's advocate)? i'm sure many of you know buffet transferred from penn -> unebraska and dominated pretty much everyone in history, notably many, many classes of ivy leaguers.

    i feel like networking is a powerful tool, but only to a certain extent. my impression may be wrong, but i feel like the resume still has to carry its weight.

  • In reply to International Pymp
    monyet's picture

    International Pymp:
    wharton clearly crushes every other UG business school by a factor of ten...

    That said - I'd like to quote (okay, paraphrase... I'm not going to look it up) from LSO and say that "wharton is a glorified vocational school and yet its graduates tend to feign academic pedigree... which bothers me"

    ^ I know that my class at Wharton has 500 students, including all of the dual degree kids, i doubt that the class grows by 130 kids by the time we become seniors. I'll figure out what's up with the 630 figure though.

    But anyways, this thread is about stern, not Wharton.

    International pymp, the difference between you and me is I take classes like intro to mime just as part of my intellectual curiosity, you take them because you plan to be the assistant to the assistant of the vice-director of the New York School of semi- professional mime artists. Forgive me for having other interests.

    That's your trade; if making money, PE, entrepreneurship, or whatever is my trade, then I'm all for going to a trade school. I'm sure the same is true of the chaps at MIT. The difference is, what I am studying is a hell of a lot more relevant to the problems we face today than half the stuff you learn (though we also get exposed to it since half of our classes are liberal arts). Just about every other person here turned down one of the HYPSM schools to be here (everyone else applied early), so tone down the arrogance mate.

  • analystforhire's picture

    3.5-3.7 with solid internship experience, some networking and some ECs should land at least first round interviews at mid-tier BBs, MMs (w/o ruling out possibility of others).

    3.7+ is always helpful. That said, know kids with 3.2s, 3.3s that will be working FO.

    Stern has a broad alumni base, is centrally located in NYC, and naturally breeds competitive and resourceful students who may jump off Bobst if they don't get SA gigs.

    Let's leave Warren Buffett out of this please.

  • WestCoast4Lyfe's picture

    NYU Stern places well because the kids work their asses off to know finance, accounting. They know their shit. The average Ivy league student knows WAY less, but still do comparably well, so I'm not sure how much NYU Stern has an advantage

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