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12/23/12

I'm out of state for the top public schools and have only semi target level stats. Which colleges would you say are most underrated for breaking into wall street? (for someone in my circumstance to succeed in, given the school has lower admissions standards than the top 10)

I read through past threads voraciously and the common names seem to be uiuc, indiana, fordham, uva econ or commerce, boston university, usc and ucla.

Comments (113)

12/22/12

I wouldn't say that BU even has a slight presence on the Street. I have friends at a few Patriot league schools (Colgate, Bucknell, Lehigh), and from what I hear there are a good number of alums in IB/PE. I also know Hopkins placed at least two kids at Goldman S&T last year, and would suspect a few more in other roles.

"Whenever you feel like criticizing any one, just remember that all the people in this world haven't had the advantages that you've had."
-F. Scott Fitzgerald

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12/22/12

Indiana forsho. UIUC just for comp sci.

In reply to TGICapitalism
12/22/12

TGICapitalism:
Indiana forsho. UIUC just for comp sci.

Glad I made a good decision to go to IU this year. Do you know anything about its S&T placement?
12/22/12

Richard Ivey. Maybe its cause its Canadian, but I feel that alot of people dont realize it pumps kids into US Banking

Ooops skimmed the post, yeah probably IU or USC

12/22/12

of the schools you listed, I have only met/heard of people from UVA and Indiana at BBs, with UVA placing significantly better

In reply to MrDiCaprio
12/22/12

MrDiCaprio:
I also know Hopkins placed at least two kids at Goldman S&T last year, and would suspect a few more in other roles.

Given the list OP provided, I'm pretty sure Hopkins has been off the table for a while for him
12/22/12

I think they have a "workshop" program for investment management or S&T, similar to the IB workshop. Not sure if it boasts the same placement rate as the IB program, but it has to be close. They definitely have a Trading club of some sort. I would encourage you to join that. There are some smart kids over at Kelley.

In reply to TGICapitalism
12/22/12

TGICapitalism:
I think they have a "workshop" program for investment management or S&T, similar to the IB workshop. Not sure if it boasts the same placement rate as the IB program, but it has to be close. They definitely have a Trading club of some sort. I would encourage you to join that. Smart kids at Kelley.

Yeah I am really not sure if it has the same klout as the IB workshop does. Not sure though, Definitely going to try and join either of them after doing some research.

Thanks buddy

In reply to MrDiCaprio
12/22/12

MrDiCaprio:
I wouldn't say that BU even has a slight presence on the Street. I have friends at a few Patriot league schools (Colgate, Bucknell, Lehigh), and from what I hear there are a good number of alums in IB/PE. I also know Hopkins placed at least two kids at Goldman S&T last year, and would suspect a few more in other roles.

An LAC might be a good option for me (preference wise), but I've heard that colgate and bucknell are total non targets from another thread so I'm confused lol. I'd prefer Carleton, Vassar, bowdoin, hamilton, kenyon types of schools that are D3 though.

What's your opinion on Tufts, Univ of Rochester, Brandeis for NYC? Also how do they compare with Rice/Univ of Southern California if I have my heart set on Boston/NYC only?

12/22/12
In reply to tkid3400
12/22/12

LAC wise the better NESCACs might be out of your range, but depending on your grades I would throw Tufts and Hamilton a serious look. Tufts is getting significantly harder to get into -- its no slouch. I know kids who didn't get into Tufts but got into NYU/BC.

Rochester is a good value school but the name doesn't carry IMO. The one kid I know there transferred to Georgetown. Brandeis I would never go to, it not only is overshadowed by the other NE schools, but isn't as alum heavy as you'd think. Rice and USC I don't know much about, but if you went there and killed it I am sure some alum would be willing to support you.

"Whenever you feel like criticizing any one, just remember that all the people in this world haven't had the advantages that you've had."
-F. Scott Fitzgerald

12/22/12

If you are AA, Howard

In reply to MrDiCaprio
12/22/12

MrDiCaprio:
LAC wise the better NESCACs might be out of your range, but depending on your grades I would throw Tufts and Hamilton a serious look. Tufts is getting significantly harder to get into -- its no slouch. I know kids who didn't get into Tufts but got into NYU/BC.

Tufts has always been a bit tougher academically than NYU/BC. I highly doubt they are as much of a semi-target as those too however, Tufts isn't much of a finance school.
12/22/12

Yeah, the semi-target Indiana University kills it every year.

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12/22/12

Rutgers is strongly represented on the street, and it isn't even a semi-target imo

12/22/12

Baruch.

"It's not that I'm so smart, it's just that I stay with problems longer." - Albert Einstein

12/22/12

No idea why, but I have met several people from U Wisconsin's business program. Could just be my own experience, but they seem to do pretty well considering their rank and location. That said, you would still have better odds at almost any semi-target.

Rice does well. While UT might place more students, Rice will have far fewer people competing for OCR, and you don't have to compete to get into the honors business program.

In reply to aicccia
12/22/12

aicccia:
Baruch.

+1. The entire CUNY system is vastly underrated
12/22/12
12/22/12

Georgetown. Wisky also has ridiculous RE placement if you're into that. I'd go there over a couple of ivies.

12/22/12

Fordham isn't a bad option, lots of alumni in the city (or at least in my office)

12/22/12

+1 for Colgate. I know a decent amount of people from GWU also

12/22/12

Maybe they more frequently stay in the South, but I've seen a fair share of Washington & Lee, Wake Forest and Davidson grads in NYC.

In reply to NestoGrande
12/22/12

NestoGrande:
Maybe they more frequently stay in the South, but I've seen a fair share of Washington & Lee, Wake Forest and Davidson grads in NYC.

Washington & Lee would be on the top of that list
12/22/12

Fordham, baruch. Its all about location. If you can take advantage of being in a school which has less finance competition in a perfect location for networking, you can cause some havoc.

To fade me its gonna take more than guts, you need the eye of the tiger, heart of a lion and King Kong's nuts

12/22/12

This isn't necessarily the school as a whole but Virginia Tech has student-run equity and fixed income funds with AUM +4M. Both routinely place 3-5 each on the street per year. I think between the two they put nine in Citi's S&T program last year.

12/22/12

LAC's are probably underrated. Coming from one one of the top NESCACs, the competition isn't as fierce and the alumni are very eager to recruit.

In reply to GoodBread
12/22/12

GoodBread:
MrDiCaprio:
LAC wise the better NESCACs might be out of your range, but depending on your grades I would throw Tufts and Hamilton a serious look. Tufts is getting significantly harder to get into -- its no slouch. I know kids who didn't get into Tufts but got into NYU/BC.

Tufts has always been a bit tougher academically than NYU/BC. I highly doubt they are as much of a semi-target as those too however, Tufts isn't much of a finance school.

My point is at a school like Tufts, if you want to get into banking and have the grades, you will be able to do so. Most kids at Tufts are pretty liberal and don't find an appeal for finance, so I doubt the competition rivals academically comparable schools.

"Whenever you feel like criticizing any one, just remember that all the people in this world haven't had the advantages that you've had."
-F. Scott Fitzgerald

In reply to athcasi
12/22/12

athcasi:
LAC's are probably underrated. Coming from one one of the top NESCACs, the competition isn't as fierce and the alumni are very eager to recruit.

I've been doing research after reading this thread and so far I'm deciding between a batch of universities and LACs.

The LAC's that I have left on my list are Hamilton, Bucknell, Colgate, Bowdoin

The Universities that I have on my list are Rice, USC, Tufts Vanderbilt

^ Also by Top Nescac, I'm assuming you only mean Williams, Amherst and Wesleyan?

12/22/12

Also how is Carleton in MN perceived? Do banks put it in the kenyon/oberlin/grinnel/cornell college bucket of places they don't know much about?

12/22/12

NESCAC schools i believe are the most underrated...hardly ever hear of them on this forum. they send a shit ton of grads into wallstreet firms each year and their alums have unbelievable loyalty

In reply to mashed potatoes
12/22/12

mashed potatoes:
NESCAC schools i believe are the most underrated...hardly ever hear of them on this forum. they send a shit ton of grads into wallstreet firms each year and their alums have unbelievable loyalty

true, but it can be a poor cultural fit for a lot of people. feels more like high school take 2 than anything else.
In reply to turtles
12/22/12

turtles:
mashed potatoes:
NESCAC schools i believe are the most underrated...hardly ever hear of them on this forum. they send a shit ton of grads into wallstreet firms each year and their alums have unbelievable loyalty

true, but it can be a poor cultural fit for a lot of people. feels more like high school take 2 than anything else.

How do Bucknell/Colgate - top two schools from the patriot league compare to the various nescacs? Also I'm assuming by nescac you aren't talking about trinity, conn college, bates and colby as they are on the lower end of the league and are ranked poorly in usnews and world report.

12/22/12

If you're in the Midwest (specifically Milwaukee, Minneapolis, Chicago), you see a lot of IU and UIUC in MM banks and MM PE. If by "Wall Street" you literally mean NYC finance, then I'm not so sure about underrepresentation of these schools. But atleast among the BMOs, Bairds, Blairs, Jaffrays of the world, those 2 state school business colleges are well sought after.

Have a couple buddies at NESCACs who say the alumni are very, very loyal. They don't expect the kids they interview to have strong finance knowledge and OCR tends to be very fit-based with mostly market/news questions being as hard as it gets.

In reply to tkid3400
12/22/12

tkid3400:
turtles:
mashed potatoes:
NESCAC schools i believe are the most underrated...hardly ever hear of them on this forum. they send a shit ton of grads into wallstreet firms each year and their alums have unbelievable loyalty

true, but it can be a poor cultural fit for a lot of people. feels more like high school take 2 than anything else.

How do Bucknell/Colgate - top two schools from the patriot league compare to the various nescacs? Also I'm assuming by nescac you aren't talking about trinity, conn college, bates and colby as they are on the lower end of the league and are ranked poorly in usnews and world report.

patriot league schools like bucknell, colgate and lafayette are pretty good, at lease from my observations. ive seen their grads all over the wallstreet firms, especially bucknell and lafayette grads.

but i am talking about all nescac schools as a whole. you need to ignore us news cause its all bullshit and financial/consulting firms do not build their recruiting structures around some illegitimate magazine ranking. as for the "lower" ranked nescac schools, you would be surprised how many trinity alum (for example) can be found in BB/MM firms, maybe not to the same length as williams, but ive seen many of them at citi, credit suisse, wells fargo and various MM banks.

many nescac schools also have alums in very senior positions within wallstreet firms. and another note, you dont see many of them leaving the industry, even with very low retention rates amongst all firms for various reasons (layoffs, change of careers, etc.) so when you have alum who stay in these places a long time, it only boosts their networks

i am not advocating that nescac are the best schools to attend, im just saying they are pretty damn good at putting students into the right firms and give their students the tools to do it...hence why they seem to be underrated here

In reply to tkid3400
12/22/12

I'd say the top nescacs are Williams Amherst middlebury Wesleyan and bowdoin. Of those, Williams, Amherst, Middlebury probably get the strongest recruiting though I know kids from each school that have gone on to BBs.

12/22/12

What about Brown ? This forum never gives much love to it but call it what you may Brown grads are all over in MBB, BB, PE. I thing Brown gets a lot of love from MBB and beats out Columbia, Cornell, and Upenn non W in terms of the sheer numbers of offers given out each year.

12/22/12

The co-head of GS IBD went to Hamilton, a NESCAC. All of the schools in that conference (that's all it is, a conference... just like the Ivy League) feel like boarding schools on steroids and they really do have incredibly loyal alumni networks and pretty cushy relationships with the financial world. But if your gut is telling you to go to a bigger school, don't go to a NESCAC.

In reply to turtles
12/22/12

turtles:
The co-head of GS IBD went to Hamilton, a NESCAC. All of the schools in that conference (that's all it is, a conference... just like the Ivy League) feel like boarding schools on steroids and they really do have incredibly loyal alumni networks and pretty cushy relationships with the financial world. But if your gut is telling you to go to a bigger school, don't go to a NESCAC.

What type of personality do you need to have in order to "fit in" at a nescac? I went to a diverse, public school in an urban area and have no idea what a boarding school is like. Are they frat/athlete heavy or is everyone just really smart and friendly?

12/22/12

Everyone seems to be saying they know one person from Middlebury, or have heard of a person from some CUNY, or found someone who was hired 30 years ago when the industry was easier to get into in an important position. None of this is helpful. OP is asking what maximizes his chances, not what's possible at any infinitesimal statistical level. If you went help, OP, go to IU or UVA, and never even consider going to Rochester or the CUNY schools. And who the fuck goes to Middlebury for banking?? It's a super liberal arts school, known for foreign language programs!

In reply to gammaovertheta
12/22/12

gammaovertheta:
Everyone seems to be saying they know one person from Middlebury, or have heard of a person from some CUNY, or found someone who was hired 30 years ago when the industry was easier to get into in an important position. None of this is helpful. OP is asking what maximizes his chances, not what's possible at any infinitesimal statistical level. If you went help, OP, go to IU or UVA, and never even consider going to Rochester or the CUNY schools. And who the fuck goes to Middlebury for banking?? It's a super liberal arts school, known for foreign language programs!

this lol, I was asking about schools that place decently, that a semi target stats kid could get into. I prefer liberal arts colleges and am not too keen about the frat/athlete scene at IU and UVA and so a school like Midd or Hamilton might be a good fit.

In reply to tkid3400
12/22/12

tkid3400:
turtles:
The co-head of GS IBD went to Hamilton, a NESCAC. All of the schools in that conference (that's all it is, a conference... just like the Ivy League) feel like boarding schools on steroids and they really do have incredibly loyal alumni networks and pretty cushy relationships with the financial world. But if your gut is telling you to go to a bigger school, don't go to a NESCAC.

What type of personality do you need to have in order to "fit in" at a nescac? I went to a diverse, public school in an urban area and have no idea what a boarding school is like. Are they frat/athlete heavy or is everyone just really smart and friendly?

I also went to a diverse public school in an urban area and I am currently a soph at a Nescac. There are a lot of athletes and most of the parties thrown are by greek societies but are usually open to the whole campus. While there is a frat/athlete presence on campus I wouldn't call it heavy and this is coming from an athlete who is in a frat. The majority of kids are smart and friendly so there are several different personalities that exist on campus. I hope this helps with your question.

In reply to tkid3400
12/22/12

tkid3400:
turtles:
The co-head of GS IBD went to Hamilton, a NESCAC. All of the schools in that conference (that's all it is, a conference... just like the Ivy League) feel like boarding schools on steroids and they really do have incredibly loyal alumni networks and pretty cushy relationships with the financial world. But if your gut is telling you to go to a bigger school, don't go to a NESCAC.

What type of personality do you need to have in order to "fit in" at a nescac? I went to a diverse, public school in an urban area and have no idea what a boarding school is like. Are they frat/athlete heavy or is everyone just really smart and friendly?


I went to an "urban," diverse public school but not in the U.S and did my undergrad at a NESCAC. It was a bit of a culture shock but I grew up in France so it would have been the same anywhere. Athletics aren't nearly as big as at major D-I schools but frats are nearly the only game in town as far as major parties until you turn 21.

It's worth mentioning not all NESCACs are equal however. Williams/Amherst are in another tier as far as the academics and network goes while I'm guessing some of the "lesser" ones (Colby/Bates... I don't really know) are the frothiest. Tufts is its own animal as it is significantly larger than the others, has a pretty sizable grad school and is in a suburban setting.

12/22/12

I have seriously been surprised at the presence UNC has had, especially in Charlotte and Atlanta but NY as well. Definitely a target for MS, Wells, BOAML, and a number of other quality banks, such as Jefferies and Lazard

In reply to thepman
12/22/12

thepman:
Definitely a target for MS, Wells, BOAML, and a number of other quality banks, such as Jefferies and Lazard

I'm gonna go ahead and say UNC is absolutely not a target for NYC offices of any BBs. Target means something very specific. I haven't heard of or seen any UNC presence in NYC BB FO roles.
I could see them much more believably be a target for Charlotte and Atlanta. Not NYC
12/22/12

BYU is a mormon school, but it places a ton in BBs

In reply to gammaovertheta
12/22/12

gammaovertheta:
thepman:
Definitely a target for MS, Wells, BOAML, and a number of other quality banks, such as Jefferies and Lazard

I'm gonna go ahead and say UNC is absolutely not a target for NYC offices of any BBs. Target means something very specific. I haven't heard of or seen any UNC presence in NYC BB FO roles.
I could see them much more believably be a target for Charlotte and Atlanta. Not NYC

Just out of curiosity, what is your definition of of target? I could very well be wrong calling UNC a target for those banks, but I do know they place a fair number in some NYC offices.

12/22/12
In reply to thepman
12/22/12

thepman:
Just out of curiosity, what is your definition of of target? I could very well be wrong calling UNC a target for those banks, but I do know they place a fair number in some NYC offices.

Targets get special recruitment attention, including campus visits/informational sessions, school-restricted events at the bank's headquarters, resume drops (which get preferential treatment over online apps), and on campus first round interviews (and sometimes second round, depending on the bank).
12/22/12

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