Pages

  • Sharebar

Hi, I'm going to be applying to college this fall, and I've already done quite a bit of research on where I want to go, but I was wondering if there was a general consensus list of target schools that Investment Banks recruit from? I know that I want to go into Investment Banking, so if there was a list of preferred schools for that career, I would certainly consider that when eventually sending out my applications.

3

Comments (76)

  • spiral9's picture

    I think Ivy's, Stanford, Duke, NYU, UVA, UMichigan are all safe bets for recruiting opportunities (not sure about MIT). UChicago and Northwestern are also decent. Rest depend on the firm

  • dazedmonk's picture

    Top target: Harvard, Upenn, Yale, Princeton, Cornell, MIT, Duke, Stanford, Darthmouth, Brown

    Second target: UChicago, NYU, Michigan, Northwestern, Williams, and so on

    caveat:Tried to put this roughly in order and include the huge ones but i'm not in the mood to give an actual 'comprehensive list'...

    Basically, its a straight prestige ranking with a few differentiating factors. Ex: Upenn is higher than the rest of the iveys except Harvard only due to factoring in Wharton. Stanford isn't as high due to being on the West Coast and the fact that students there are not quite as IB-hyped as east-coasters.

    Go to the most prestigious school you can if you're determined to go into ib.

    P.S. Not to attack you personally but I find it sad that someone who hasn't gotten into college yet is already determined to be a banker. You should at least get into college before you're corrupted by greed and all that.

    Maybe banking is becoming like medicine or law now. Pretty soon 8 year olds will all want to be bankers.

  • McGyver's picture

    you have things a bit mixed up (at least by this year's placements).
    Top: Wharton, Harvard, Princeton, MIT, Cornell, Duke, NYU, Stanford, Columbia, Yale, Brown, Dartmouth
    then there are the rest. its mainly dependent on the networks at the individual banks but these are the top ones, roughly in order though not exact.

  • curiousmonkey's picture

    they basically get cut first when there's a downturn. plus, you're expected to bullshit 'internships' at banks during the year to be competitive. basically, getting coffee. with every single person there gunning for investment banking, 'placement' is fuzzy

    also, brown? uh. i think some places skip them altogether (at least we did)

  • HerSerendipity's picture

    Agreed. In the end, the reason why schools become "target" school is because they have strong alum representation and great yields from offers to acceptances. One of the non-BB non-U.S. banks recently dropped my alma mater (as classified above a "supreme" target) from their 'target' school list simply because they were only able to convert 1 out of 7 or 8 offers into accepts.

    although i'm sure it differs from bank to bank, mine even "tiers" out the different levels of target-ness. So we have "core", "targeted", "reference", "non-targets" and "special" (study abroads and SEO is lumped here). Certain schools this year fell from "core" to "targeted", whatever that means. Basically, I think it's like the recruiting efforts are just halved but they definitely still interview. They just might not do on-campus presentations often/workshops/etc.

  • OptimismRind's picture

    How much of a target is Northwestern?

    I've noticed that its included on some lists but not others.

  • Krakauer's picture

    The NYU comment is simply not true. every bank goes there, and students get placed in everything from GS to Lazard (people I know). It is very much so a "target" school.

    I am not an alumni and have no bias.

  • Krakauer's picture

    Though I will agree about the need for externships during the year. One of the benefits (or drawbacks) about going to school in the city. Some people will do them, so o remain competitive you should to. It is def. not required though.

  • gomes3pc's picture

    If you go to Northwestern, have a good GPA, add some decent ECs and internships, you'll have no problem finding a job at a bank. Maybe not BB or maybe you have to work in Chicago instead of NYC, but its a quality school nonetheless. Plus they have Big 10 sports and it's 5x more fun than UChicago, if you are thinking of going to one of those schools. UChicago is a dead zone for fun and good looking women.

  • pedigreed monkey's picture

    All the BB's recruit at NU, so id say its defnitely a target. But there are significantly less NU grads getting offers for BB IB in NYC. For Chicago banks, NU/UChicago are golden... despite UChi being more highly ranked these days, I think they are equally well-regarded in terms of IB recruitment across the board. Undoubtedly, NU people are more laid back and easier to get along with than your average UChi weirdo.

  • McGyver's picture

    Fact: NYU has the 4th most interns at GS firmwide out of any school. So you basically are a fucking idiot

  • hiit's picture

    Fact: Bears eat beets.

    Stern seems to get a lot of hate on this board. Not sure why. I'll be going to NYU in the Fall, but I just transferred in so I really don't know why it has a less than great reputation. Any comments why?

  • tbroker's picture

    Brown is NOT a top target, it is the lowest of the Ivys. Arguably it should not even be an Ivy.

    Stern is not that overrated and during a downturn it is not the first one cut. It is very seldom do companies cut schools for recruiting.

  • Buck2210's picture

    What type of Bear is best?

    To include Cornell but not UofM-Ross is a crime. You're basically saying BSC didn't have that bad of a year.

    Seriously though - all the Ivy Leagues, Stanford, Northwestern/UChicago are great.

    For state schools once you get past UM-Ross, UVA, and Cal-Berk, the drop off is significant.

  • In reply to tbroker
    ordell robbie's picture

    The Ivy League is an athletic conference-nothing less, nothing more.

    Still pissed about your rejection?

    ________________________________________ø__________________________________________
    "Now that my friend is a clear cut case of him or me. And you best believe it ain't gonna be me."

    ________________________________________ø__________________________________________
    "Now that my friend is a clear cut case of him or me. And you best believe it ain't gonna be me."

  • ordell robbie's picture

    ________________________________________ø__________________________________________
    "Now that my friend is a clear cut case of him or me. And you best believe it ain't gonna be me."

    ________________________________________ø__________________________________________
    "Now that my friend is a clear cut case of him or me. And you best believe it ain't gonna be me."

  • Crackedeggshell's picture

    This may sound like an obvious question. But are these target schools for undergrad or MBA?
    Thanks

  • pedigreed monkey's picture

    crackedeggshell:
    This may sound like an obvious question. But are these target schools for undergrad or MBA?

    undergrad. all target undergrads have "target" (M7) MBAs as well

    ordell robbie:
    The Ivy League is an athletic conference-nothing less, nothing more.
    Still pissed about your rejection?

    i think you misunderstood... im pretty sure tbroker didnt get rejected anywhere :-) and he's right about brown/cornell being "lesser" ivies, that's common knowledge.

  • mjltennis15's picture

    M7 - I've seen this term thrown around; what does it mean?

  • big unit's picture

    Brown is not good for IB, unless maybe lots of kids turn offers down to go to San Fran and hippy out for a while

  • Crackedeggshell's picture

    Thanks pedigreed monkey for answering my question.

    What is the general path that someone would follow in order to get into IB? At what point in college would they try intern, what is the position that people try gun for to start off in the industry, do most people go from completing their undergrad right into starting their MBA etc.?
    Thanks

  • In reply to pedigreed monkey
    ordell robbie's picture

    pedigreed monkey:
    crackedeggshell:
    This may sound like an obvious question. But are these target schools for undergrad or MBA?

    undergrad. all target undergrads have "target" (M7) MBAs as well

    ordell robbie:
    The Ivy League is an athletic conference-nothing less, nothing more.
    Still pissed about your rejection?

    i think you misunderstood... im pretty sure tbroker didnt get rejected anywhere :-) and he's right about brown/cornell being "lesser" ivies, that's common knowledge.

    How do you know where the fuck this dude did or didn't get rejected from?! Quit the dick riding for five minutes and realize how stupid you sound.

    I don't give a shit about where you rank these schools, but when you say some dumb shit like "they shouldn't even be considered Ivy league," you're going to be called out on it.

    ________________________________________ø__________________________________________
    "Now that my friend is a clear cut case of him or me. And you best believe it ain't gonna be me."

    ________________________________________ø__________________________________________
    "Now that my friend is a clear cut case of him or me. And you best believe it ain't gonna be me."

  • Paradoxical's picture

    Just my two sense, all of the ivies are great, I don't know about all the criticizing of 'lesser ivies' as any of them will give you great chances at IB/consulting etc...

    Some of them might be less recruited, say Brown, but probably because less people from the school intend to do ib, and from what I know, I'd say it is even easier to get into IB from a school like that since you're not competing with as many from your own school and the recruiters will still think well of you (especially with the Ivy pedigree, if they have one of their own)

    So please don't criticize Cornell or Brown because they are school with sub 20% acceptance nowadays I believe... hell eh.

  • big unit's picture

    Any top 15 school is good

    Ivies
    Stanford
    Duke
    MIT
    NU
    Chicago (ugh...)
    West Point (after military service)
    Other such schools

  • goldenknights24's picture

    What about the Kelley school of business at IU

  • Bobcat09's picture

    To speak subjectively, I believe NYU students stand to benefit from the market downturn. While banks across the board are cutting costs by not racking up exorbitant travel expenses to visit schools such as Duke and Cornell, many find NYU a mere subway ride away. This year, we've had a number of BB, pretty much every single top boutique, and even a couple top buyout funds come to campus. I'll acknowledge that during a good year, the top targets (a la Harvard/Wharton) will send a greater absolute number of people into front office positions, but during a down year such as 2008, NYU's proximity to many a company's headquarters positions it attractively with regards to campus recruiting.

  • In reply to mjltennis15
    swbluedevil's picture

    M7 = Magnificent 7

    It consists of the following graduate business schools:
    Harvard
    Stanford
    Penn (Wharton)
    MIT (Sloan)
    Columbia
    Northwestern (Kellogg)
    Chicago

    Apparently the deans of these seven business schools meet on a recurring basis.

    Founder, Volunteer Forever
    http://www.volunteerforever.com

  • UncleKevin's picture

    IDK if its a sleeper but I know Boston College sends atleast 15 to the street at BB's

  • SAhopeful's picture

    Williams/Amherst should be included on the list of target schools, not semi-target.

    I can only speak for one of the two, but at that school the list of BB's recruiting on campus for FT/SA were:

    Morgan Stanley
    Goldman Sachs
    JP Morgan
    Citi
    Barclays
    DB
    Wells Fargo
    Lazard (Not BB, but top boutique)

    In addition there were a number of MM and boutique banks on campus as well as other financial service companies (hedge funds, etc). Also, it is relatively easy to break into the three BB's that don't come to campus (UBS, CS, BAML) there are atleast 2 kids going to these firms every year by utilizing the alumni network.

    It is relatively easy to secure a position coming from Amherst/Williams because the pool of candidates is very small (small schools combined with a small number of people interested in finance). The lack of competition coupled with an extremely strong and supportive alumni network make these two schools great choices for breaking into banking.

    Example: A top tier (GS/MS/JPM) firm came to campus and explained that they would take at least 1-2 interns from the school (Amherst/Williams) and only interviewed 12 people on campus. 1 or 2 out of 12 aint bad odds...

  • In reply to skyblue
    SAhopeful's picture

    skyblue:
    It might be considered bad odds if that means hundreds of kids get 12 spots which lead to 1 or 2 out of hundreds

    That's the point, there aren't hundreds of kids. If you go to an undergrad b-school then you're going to be competing against 100 kids from your school for the 12 first round on campus interview spots. At these schools you're competing against... 25 for those 12 interview spots?

  • boutiquebank4life's picture

    SA hopeful is right, a top LAC is pretty good for recruitmen too. I know Williams/Amherst/Pomona/Claremont get some action and many kids there are not interested in finance, which is good for competition sakes.

    Meanwhile, I know Stern sends a good amount of kids but Stern is HUGE. Plus you are competing against basically everyone who wants a BB front office job and I know for a fact many are disappointed.

  • CanYouHearMeNow's picture

    You have to make sure IB is something that you really want to do because if you end up in a target school the competition will be intense. Most BB interview around 24 candidates at my school but over 200 people drop for those positions, half of whom has relevant internships during sophomore year and/or 3.8+ GPAs.

    I knew these kids since freshmen year, every major decision they make is geared toward banking or S&T, by the time they are juniors even their breath begins to smell like a pitchbook. If you are SURE that this is something you want then prepare to rush through the crowd with a tunnel vision, and you will most likely succeed, regardless of which target or semi-target you choose.

  • In reply to McGyver
    AnonymousDude's picture

    McGyver:
    Fact: NYU has the 4th most interns at GS firmwide out of any school. So you basically are a fucking idiot

    Of course NYU has an enormous amount of interns firmwide. Stern is a decent accounting school and it's 15 minutes away from headquarters/ 30 minutes away from Jersey City. So it places a lot of people in controllers or other groups in federation (non-revenue generating).

  • In reply to AnonymousDude
    CanYouHearMeNow's picture

    AnonymousDude:
    McGyver:
    Fact: NYU has the 4th most interns at GS firmwide out of any school. So you basically are a fucking idiot

    Of course NYU has an enormous amount of interns firmwide. Stern is a decent accounting school and it's 15 minutes away from headquarters/ 30 minutes away from Jersey City. So it places a lot of people in controllers or other groups in federation (non-revenue generating).

    I've never met anyone from NYU with so much school spirit....

  • patel15146's picture

    Is Carnegie Mellon's Undergraduate Tepper School of Business a target school?

  • empirestate's picture

    This thread has been done to death.

  • GoodBread's picture

    That's your proof? You're a joke and a half. If ND sends more kids to top firms than Harvard, I think that would be common knowledge. Furthermore, they're placement ranking is the same a a bunch of schools (a+)

  • yanks88's picture

    Go on a companies career website and see what schools they go to during recruiting seasons.

  • empirestate's picture

    ND is the best. Look, let us think about this logically shall we. You guys all say that Wharton has the number one business placemnet, even beating Harvard. So then, if ND beats Wharton, then it obviously beats Harvard, Yale, Princeton and like schools also based on YOUR "facts"

    ND has been proven to be better than MIT Sloan, Haas, Wharton, and Stern.

    ND has the No. 1 Student satisfaction and it burried Sloan and Wharton and Haas in sending kids to the top jobs (Big 4 Accounting firms). Harvard's placement to PWC does not even TOUCH ND's.

    ND is no.5 on the recuiter surver, only a handfull of school: Seattle (Albers), Hawaii (Shidler), MIT (Sloan), and ND's closest rival Virginia (McIntire) beat it. But it beats out Wharton, Stern, and Haas!

    So Shut up ! You obviously have no idea what you are tlaking about. Perhaps you should consider transferring to ND from Harvard or wherever you are; who knows, you may get lucky and get it. Fighting Irish !!!

    Don't take my word for it either! The most reputable business magazine on earth, Businessweek, is the one that compiled these rankings not me. Go here to check them out (You will see everything I said above is accurate):
    http://bx.businessweek.com/business-school-ranking...

  • In reply to empirestate
    TNA's picture

    empirestate:
    ND is the best. Look, let us think about this logically shall we. You guys all say that Wharton has the number one business placemnet, even beating Harvard. So then, if ND beats Wharton, then it obviously beats Harvard, Yale, Princeton and like schools also based on YOUR "facts"

    ND has been proven to be better than MIT Sloan, Haas, Wharton, and Stern.

    ND has the No. 1 Student satisfaction and it burried Sloan and Wharton and Haas in sending kids to the top jobs (Big 4 Accounting firms). Harvard's placement to PWC does not even TOUCH ND's.

    ND is no.5 on the recuiter surver, only a handfull of school: Seattle (Albers), Hawaii (Shidler), MIT (Sloan), and ND's closest rival Virginia (McIntire) beat it. But it beats out Wharton, Stern, and Haas!

    So Shut up ! You obviously have no idea what you are tlaking about. Perhaps you should consider transferring to ND from Harvard or wherever you are; who knows, you may get lucky and get it. Fighting Irish !!!

    Don't take my word for it either! The most reputable business magazine on earth, Businessweek, is the one that compiled these rankings not me. Go here to check them out (You will see everything I said above is accurate):
    http://bx.businessweek.com/business-school-ranking...

    Never in my life have I witness such an immature, little baby such as yourself. Where are your comprehension skills? You started this pissing match in an old thread and I see you revive a month old thread just to prove you misguided point. Business week is not ranking schools based on target or anything else. It is based on student rankings. ND students are very happy with their school. That is all this is saying.

    Rankings change year to year and are arbitrary and worthless. Let me give you some advice, learn to relax and get over yourself. Finance is a small world with many individuals in it. One day you might get an interview with someone that went to ND or any other variety of schools. Stop worrying about where your school ranks or how this school is better than the next and try judging people based on their efforts and achievements.

  • aquamarinee's picture

    That guy is definitely an ND Troll.

  • In reply to aquamarinee
    TNA's picture

    aquamarinee:
    That guy is definitely an ND Troll.

    He is being sarcastic. He says he goes to Haas, but I think he goes to Wharton. He was bitching in another thread about how ridiculous the rankings are, etc. Just doesn't understand that not everyone wants IBanking and how the rankings are compiled. End of the day who cares where you go to school.

    People like this kid are going to have serious issues working under someone who didn't go to a "target". He will probably refuse to take orders from the UMich associate on his 1st day or work because someone so unworthy doesn't have the right to order a target kid around. Really bad mindset to have.

  • aquamarinee's picture

    Wow so he really just has nothing better to do with his time!

    People like this kid are going to have serious issues working under someone who didn't go to a "target". He will probably refuse to take orders from the UMich associate on his 1st day or work because someone so unworthy doesn't have the right to order a target kid around. Really bad mindset to have.

    That's assuming he even gets into IBD in the first place...

  • monyet's picture

    There is no way this kid goes to Wharton; if he did, this ranking would not bother him at all. Wharton would never admit such an insecure tool. I have a feeling he does not go to Wharton or Haas. In fact, I have a feeling he is trying to make Haas (or possibly Wharton, who knows) look bad. This whole thing is very toolish and arrogant.

    empirestate,
    When you get to your interviews, if you get to your interviews, remember this: your school won't mean shit, it's what you do that matters. With an attitude like yours, you're not going anywhere.

Pages