What is Northwestern University's Reputation
Is it as good as some of the lower Ivys (Brown, Cornell, etc)?
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it is better than the lower ivies for banking positions. great feeder for chicago offices.
the NU kids ive met are generally pretty lackluster...you'll find them at places like lehman and below. Generally seem less intelligent than most of the other kids in analyst classes. Cornell feeds much better. My perception is new york based however and its entirely possible that NUs cream of the crop stay in chicago offices...
Anyone from Chicago confirm this?
Brown is a Goldman Sachs feeder.
But Northwestern's pretty good too...you should take a look at their career center website. It'll tell you which companies recruit most there.
Yeah all the BBs recruit at NU. I was wondering how many people NU sends to the street every year.
For example at Harvard nearly every student can, in theory, pursue IBD opportunities, whereas at UMich for instance only a specific portion of the student population has a shot (i.e. business, econ, finance, majors).
all students can pursue IBD opportunities at NU i believe (since it doesnt have an ugrad b program)
have a friend who goes to NU...they are the best feeder for chicago offices. obviously place significantly fewer in NY offices, but nonetheless still do (maybe 1-2 a year in each BB for NY offices). possibly upwards of 3 per chicago office.
Thats still a tiny tiny tiny amount. Three per BB office in Chicago?
So no more than 20 kids goto BBs in Chicago ever year?
Also i heard that even though there is no ugrad bschool at NU, all the ibanking jobs are taking up by kids in this program called MMSS (Mathematical Methods in the Social Sciences).
MMSS kids have a clear advantage because of their extensive quant background, but everyone has the opportunity to interview (and MMSS kids are known for being lonely asians without personalities) and can land a job at a BB. My friend works at a BB and was not an MMSS major; its all about the interview.
20 per year sounds like a fair ballpark estimate. You must remember that NU isn't a Wharton/Stern--its not a school designed to train kids to become ibankers.
Keep in mind that Chicago offices are small (7-10 analysts per class) so that having 3 come from any one school (even Wharton/Harvard) is a significant percentage.
Mike are you an NU student? I find these numbers really paltry. There are at least 600 students every year graduating from NU who majored in Econ, MMSS, Applied Math, or Industrial (Management) Engineering who are all gunning for these BB spots. If only 20 people get in, that means 580 people are without employoment. Factor in consulting jobs and other high profile business gigs you have at least half of these students unemployed.
Damn that sucks ass.
Must even be worse at state schools.
No am i not, but I have a friend who goes there.
Ibanking is one of the hardest industries to get into. A couple things to note however:
I imagine it must be ten times worse at state schools without great undergrad business programs.
Northwestern Undergrad for Wall Street? (Originally Posted: 10/03/2009)
I posted this a while back in a different forum, but thought I would try to get some more opinions here.
I was wondering how a Northwestern undergrad fares on Wall Street for IB. I know it definitely doesn't do as well as the ivies or other east coast schools...but is it completely non-target? Also what gpa should I aim for to get interviews? I'm in the MMSS program (www.mmss.northwestern.edu) which is really difficult in terms of coursework, should I give that up and switch to an easier major to get a higher gpa?
Thanks for reading this!
Do whatever interest you and do it well. Grads from Northwestern will be reviewing your resume and transcript, so if it's a hard major, they will know it. A 3.5 will give you consideration but if you want to stand out aim for 3.7+.
Northwestern is well represented but not a "top target". There were plenty from NU at the bank I worked at in NY in summers 2007-08. And I've heard NU places well in Chicago offices of BBs.
Good luck.
Chase Us, Break In! http://chasingconsultantsbreakingbankers.blogspot.com/
NW is a non-target except regionally. That is, you will have recruiting for regional banks and regional offices for the Midwest at the undergrad level. Its not as hopeless as say UIC or some other random college in the area, however if you want to go to BB in NYC you will have a very tough time.
As to GPA, always aim for above 3.5 because it is the cut off that is used for years to come at all levels. Many Pre-MBA positions have a 3.5 cutoff and some jobs five to ten years out will still look at your GPA. Get as high as you can, a 3.7 should be your aim if you eventually want to get into business school as well.
Don't worry about banking with your major, worry about the major you want and what you are gonna do with it. If you are in a mathematical modeling major, why do you want to make pitch books all day. Look into S&T and quant roles, they care less about GPA and more about course work.
Ditto Power-monkey. If you can keep you GPA above 3.5 in MMSS (I'm an MMSS alum) then you are golden for interviews with any ibank or consulting firm which interviews on campus. Do not drop out if you can keep a good GPA. MMSS is known in the Chicago area. It's true that you're less likely to get NYC offers but you should have your pick of Chicago offers. Don't be sad if you don't make it to nyc right away. I started out in consulting at a Chicago office and now I'm at a mega LBO shop.
Would transferring to any school in Cornell or NYU Stern give me a better chance?
You would uproot yourself and go to a lesser school for a marginally better chance (at best) to end up in NYC directly out of undergrad? You are either very dedicated or delusional about the NYC mystique.
I live in NY so I would like to go back sometime in the future...Chicago is nice but NYC is home.
Ah. That makes sense. Just FYI - you can always get back to NYC via an internal transfer (once you put in a couple of years and prove yourself) or bschool. Just don't shoot yourself in the foot by settling for a lesser firm. When it comes to finance prestige/brand name = options.
So you're saying I should stick with Northwestern? I mean Cornell seems to be on the same level if not better?
I think they're comprable and I don't know if Cornell has a program of MMSS' quality. My thought is why make such a drastic move - unless you're miserable at NU. MMSS can get you into a top tier consulting/finance analyst program and you can write your own ticket from there. If all you care about is winding up in NYC after you graduate then Cornell may give you slightly better odds ... but it might not be a game changer...
If you like NU, then STAY there. If you are miserable at NU, then look at your options. Are you miserable in the program and would be happier doing something else?
College should be the most fun, most memorable portion of your LIFE. Working sucks, working at an IB sucks even more. In college, I binge drank 5 days a week, got to sleep in whenever I wanted, and any all nighters were because I wanted to. You are still in college, enjoy it.
Northwestern Placement (Originally Posted: 07/20/2015)
In regards to undergrad placement, how are they (specifically for Chicago)? Any experience in terms of how these schools are for recruiting? I plan to apply to Northwestern ED. I'm just wondering how it is viewed. Chicago seems to have a big consulting scene compared to ibanking, which I've also considered going into. Obviously Kellogg is a great b-school, but not if that carries over to undergrad. Any opinions from alums? Is it pretty much the same as UChicago?
See more from Ross and Kelley, and about equal to UW, UIUC, and ND kids in Chicago, although plenty of Northwestern undergrad alumni. You're correct in saying that the consulting scene is much larger.
I actually did some research, and I found that while NW as only about 600 alum in NYC finance, most of their IB placement is there. I still think I'm more interested in Chicago consulting (Bain, McKinsey), which NW seems to be good for. Any thoughts?
You'll be fine. it's also a good starting base for transfer should you see it as necessary
Alright. I've been pretty set on working in Chicago when I graduate, so I don't really care about NYC placement. I'm just interested in how NW places in Chicago BB, MM, VC, PE, and BB consulting firms.
Bump. Does anyone know if you have to do MMSS to get recruited by Chicago banks/consultancy firms? I likely wouldn't get in nor would I really want to do it. I would likely get the FinEcon certificate though. Not sure how it affects recruiting. Any recent NU alums want to weigh in?
Curious about how hard it is gunning for NYC IB positions from NU. Seems to be mixed opinions on the issue.
.
Northwestern: Only 12 IB Offers? (Originally Posted: 01/24/2015)
Hey everyone,
I'm a student at Northwestern and I just came across a thread on here from a few years ago where someone said since analyst classes at Chicago offices are so small (mostly taking 1-2 people) only around a dozen people get IB SA offers at Northwestern.
I checked linkedin and it sorta seems to support that statement. Of the handful of people working in BB firms, most of them seem to be working in wealth management or even in back office roles.
I guess I thought Northwestern was a bigger target. Starting to regret turning down UVA to come here because looking at their employment report 40+ kids got internships from BB or elite boutiques.
Can anyone comment on recruiting at Northwestern or for Chicago offices in general?
I'm pretty certain that there are more than a dozen IB SA offers. No concrete evidence, just know that of my few friends that are interested 2 of us have offers and I'm sure there are a lot more between Chicago and NY. Not everyone will list "Incoming BB/MM/EB IB summer analyst" on LinkedIn or brag about it publicly.
Also keep in mind that UVA's student body is about twice the size of NU's and that most of NU's student body is interested in consulting over IB.
I also go to NU and can say it's tough but it's probably more than 12 that get IB SA. Networking is especially important because very few banks recruit for NY where there are obviously way bigger offices. The European banks in particular don't really recruit from NU, but people have gotten in through networking and online apps. Baird/Blair/HL are probably the "easiest" to get due to the size of their Chicago offices. Surprisingly, NU is not a core school for Lincoln or BMO. GS and BAML are 2 that do recruit for any office. A decent amount of recruiting is done in the fall here. A lot of people are interested in trading and consulting as Chicago is way better for those than IB.
For being such a powerhouse in the region, it is always surprising that so few people place from Northwestern. Perhaps it's just that few students recruit. I don't have numbers to support it, but I'm sure they do fine on a percentage basis. If you're going for volume, however, you would be better served at Michigan, Indiana University, UChicago, Notre Dame, or Wisconsin.
Kellogg MBA seems to place much better than NU undergrad.
Just came across a different thread where a NU grad posted placement numbers from a couple years ago
Chicago 3 GS/MS/JPM 8 other BBs (DB/CS/Citi/BAML/Barclays etc) 5 Lazard/Greenhill/Evercore/Moelis A few more at reputable middle markets (Blair/Baird/Lincoln)
NYC 2 Blackstone 4 GS/JPM/MS 5 Other BBs 3 Laz/Greenhill/Evercore/Moelis
Does that still seem accurate today? If those numbers are true then we place slightly better than schools like uva/ross considering smaller student pop and most kids gunning for consulting
Love seeing this on WSO; alum/analyst here. We place well, my cohort of around 20-25 people (those that really wanted banking) all got offers, split between NY and Chicago. The only thing hurting us is a smaller alumni network because so many kids enjoy doing case interviews for some reason
I'm out of the loop today, but historically U of I placed better into IB than NW. It was always more of a consulting school.
I didn't go to either and don't know #'s, so could be very wrong on this, but contrary to what someone said above, I've seen more analysts from NU in NYC than I have from UChicago. Michigan def trumps both for finance in terms of volume, but I wonder if on a basis of offers vs. number of students interested it's really a better place to be.
Few state schools trump in the offer vs. students interested category just because of their sheer size. Michigan is not an exception.
Best placement in the Midwest is at UChicago. All of the BB's, some PE firms, lots of trading and hedge funds, and a ton of consulting firms have a strong presence here, so you have options. It's a low-key school that doesn't get a whole lot of attention on this forum, Chicago Booth notwithstanding.
Only for undergrad. I know that is the basis for this thread, but just clarifying.
How is Northwestern represented in NY BB IBD? What about in Chicago? (Originally Posted: 05/21/2013)
I'm a sophomore in Northwestern aiming for BB IBD preferably in NYC. How many people end up in NYC? What about in Chicago? Compared to UChicago and other targets? Is Northwestern a target school?
http://www.wallstreetoasis.com/forums/is-northwestern-a-target-how-are-…
I think you'll probably find good information on your question if you use the search function. However, I think Northwestern is decently represented in NYC, especially when it comes to Kellogg grads
Is Northwestern a target? How are they represented in NYC IBDs? (Originally Posted: 05/05/2013)
I'm a sophomore in Northwestern aiming for BB IBD preferably in NYC. How many people end up in NYC? What about in Chicago? Compared to UChicago and other targets? Is Northwestern a target school?
Going to northwestern is like buying discount bottle service. It sounds cool, but honestly, what's the point?
Probably roughly on par with U Chicago, possibly a bit better in terms of raw recruitment, but who really knows.
Northwestern is a great school, but mostly feeds into chicago offices. Does get some recruitment for NYC offices too but not exactly at the same level of its peer schools.
For NYC, I'd say UChicago > NW.
I'm a recent NU grad. In terms of placement, roughly 15-20 kids go to Chicago BB or elite boutique and another 10-15 to NYC BB/Elite Boutique. The number of people interested in IB is definitely really small compared to peer schools as most Northwestern kids are interested in consulting (numbers for MBB placement are really good). During my junior recruiting cycle, NU placement was
Chicago 3 GS/MS/JPM 8 other BBs (DB/CS/Citi/BAML/Barclays etc) 5 Lazard/Greenhill/Evercore/Moelis A few more at reputable middle markets (Blair/Baird/Lincoln)
NYC 2 Blackstone 4 GS/JPM/MS 5 Other BBs 3 Laz/Greenhill/Evercore/Moelis
Probably only 40-50 kids seriously interested in IB in any given year compared to 100+ going through consulting recruiting.
If the stats above are correct, NU>UChicago. UChicago simply doesn't place that many kids. NU also has a much better representation among Chicago offices apparently....UChicago maybe sends 2 kids to Chicago offices.
^ NU has way more students. UC definitely places more per capita
8000 vs 5000 is way more?
Based on those numbers NU places slightly better than UChicago for NY offices and places much, much better than UChicago for Chicago offices. UChicago definitely does not place more per capita.
my b
difference between NYC and Chicago offices? First jobs are mainly for good MBA placements. Are you at a significant disadvantage if you are, let's say, at Deutsche Bank Chicago office as opposed to its New York office?
i'd also like to know this
My recruiting cycle was also a few years ago (post-crisis though), landscape may have changed since then. I know DB NYC dropped NU as a core school largely due to geographic hassles (why fly out to Chicago for OCR when you have peer schools all around the Northeast).
It depends. I know several guys from BBs in Chicago that ended up at HSW, and obviously plenty that went to Booth & Kellogg.
But, I think it would be harder to land a megafund position, pre or post-MBA.
I had always thought first job as a way to get into good MBA, and MBA is a great chance for you to take a little break and see what kind of change you would like to make in your career path.
Friend at NU told me that it was exceedingly difficult for NU students to land IBD in NYC this year. Take it for what it's worth.
think if youre a good smart candidate youll get a good gig from NU. on the whole i dont think your competition will be very fierce relative to other schools - i have found NU students at BBs to usually be subpar to okay analysts, with obvious notable exceptions of some being absolutely terrible (knew of 3-4 at lower tier BBs who all got laid off) but also a small number of complete superstars (example: heard of an NU grad from GS TMT/FIG who was top bucket and now at TPG after receiving several megafund offers).
Pretty much this. As I said before, only 40-50ish kids gunning for IB in any given recruiting cycle at NU and they are not all rockstars. Most of the high performers at the school lean toward consulting, most likely due to the far more extensive recruiting/selling that MBB does on campus. However, if you know your shit and take all the necessary steps, you can get essentially any gig.
I actually know the guy you're talking about haha, killed it at GS and loving TPG. Another NU kid from his class went CS to Carlyle too.
Additionally, NU places around 10 kids to Hong Kong BB IBD, (mostly international students from Asia).
Northwestern: MBB target? (Originally Posted: 07/08/2014)
Hi, I was wondering what MBB recruiting was like at Northwestern. How many students typically get summer and FT offers each year? Also, do you have to be in the MMSS or Kellogg certificate programs? Can you just be an Econ major and still be competitive for MBB offers?
Thanks
I'm interning at a tier 2 firm in Chicago with a lot of undergrad Northwestern students. The majority of them majored in CS or engineering. I think you would be fine with just being an econ major.
Don't have the numbers, but it's definitely a target. I know econ and engineering students at MBB this summer.
Definitely MBB target, although the numbers fluctuate quite a bit.
Here are some numbers to give you an idea:
For a general consulting industry idea: For the past 4 years, graduates that went into Consulting from Kellogg range in the high 30 (37%-39%), which is the dominant industry for Kellogg grads the other 61-63% go into a variety of other industries)
Last year, McKinsey took 17, Bain took 18, and BCG took 22 for summer Internships.
I think from this Kellogg would definitely be a target for MBB
Pretty sure OP was asking about undergrad, not Kellogg.
LOL my bad! Well if you decide you want to go to Kellogg at least you have some idea now!
how's Northwestern in recruiter's eyes? (Originally Posted: 10/12/2012)
How's Northwestern in recruiter's eyes? I am consider transferring.
Good, you'll be set in midwestern offices, and competitive in NYC, etc.
Especially if you come out of Kellogg, you'll have a very strong network.
its good
but if you can transfer to harvard you most likely wont regret it (career wise)
It's good, but not much (if any) better than IU, or even U of I, in the midwest (for undergrad). It's honestly not worth the money IMO, it doesn't set you apart like the Ivy League (I'll throw UofC, Notre Dame, Stanford in the category too), and it costs way more than a top-quality state school (Michigan, Virginia, Indiana, etc.).
Remember too, I don't believe it has an undergrad business program (finance, accounting, marketing majors etc).. Although you may have access to Kellogg, you probably won't find as many direct business network opportunities as you would going to a solid state business school or Ivy. Also, if you know, for instance, you want to do Accounting, having the "Accounting" degree can be a good way to set yourself up for higher junior-level salary compared to having a degree in Economics.
If you're looking to get into Ibanking (especially Chicago market), I'd advise looking at University of Chicago or Notre Dame if possibe, I know they feed Chicago's finance field. Still, I know a few people from Northwestern and they do well.
Didn't go to NWU, but this post spews of so much misinformation. I honestly hope OP didn't listen to this moron. NWU definitely outdoes IU and DEFINITELY, DEFINITELY, DEFINITELY outdoes UIUC. It also places a lot better than UND and UoC, so that's that. This site is full of college student bums, I swear.
Stanford is in the same category as Notre Dame? Ouch.
Only if you go to Notre Dame.
Stanford is pretty much the west coast Ivy.
Where are you transferring from?
Stronger name recognition for sure. In the words of one current MBA student, he couldn't get his foot in the door anywhere coming out of the military but "as soon as I get into Kellogg everyone started chasing after me".
Northwestern (Originally Posted: 04/05/2007)
How much of a target is NU?
semi BBs such as GS/MS/Lehman/JPM etc interview on campus
i think that pretty much makes it a target...definitely a target in my book. people on this site put too much emphasis on HYPS as the only true targets.
BBs interviewing on campus do not make it a target. Targets send a large number of analysts/summer analysts to bulges, which is why many people refer to HYPS, Wharton, and Berkley, as targets. If just having BBs on campus means your a target, then almost any half-decent college out there would be classified as target. On the other hand, I agree northwestern is a semi target.
I have heard recruiters from different firms say something along the lines of "We are recruiting/interviewing at XXX, which makes it a target school".
If you go to the online application for SA positions in ibanking, you will most likely see them refer to two different pools: the schools they interview at (ie the targets), and schools that they "don't have an active presence in".
If they interview on campus, it is a target school. Northwestern is a target school.
To say that HYPS, Wharton, and Berkley are targets because they send more people to BBs would be like arguing which Ivy League schools are superior. Harvard may have an advantage over Brown, but they are both Ivy's.
northwestern is a target...wtf is a semitarget...gimme a break.
a target gets recruited on campus and a non target doesn't. how hard is this shit to understand. at least it isnt quantum physics
If you want to do something that involves accounting, UIUC is more of a target. Then again, you're probably looking for something a little more front-office.
From my (limited) experience, most banks recruit at NU, but it's not quite like UC, and it's definitely not like Wharton and some of the other Ivy Leagues.
It's really sad that the Big Ten schools get totally overlooked by the I-Banks even when US News generally claims they have equal if not better programs than the Ivies. If you get hired, make sure to change that. That's what I'll be trying to do.
Uhh...is this advice serious? Where the fuck do you guys work? Bank of America? Wtf. Targets HYPS wharton and berkley are targets because they send the most people to bbs. If you want to get into banking, what schools would you go to? One of those, clearly. Yeah, actually, I, and bankers, would argue that these are better schools in terms of recruiting for banking. Some recruiting = target? That's the most retarded statement I've seen on this board.
Northwestern is a target, any one who says otherwise is an idiot. If BB's come every year to recruit on campus and they take kids every year that's the definition of a target.
Semi-target? Are you kidding me?
The amount of BS going around this board is ridiculous.
When I interviewed at GS for a job in trading, I was up against students from NU. If NU (and even my public Big-Ten school) is good enough for GS, it's probably good enough for most banks.
Big feeder into Chicago
Saying Northwestern is a target because BBs come every year to recruit on campus is retarded.
That's like saying Goldman is the same as JPM because they have a 'PRESENCE' in investment bankinng. Fucking idiots.
Yeah, the amount of dumb ass bs going around this board is ridiculous.
Maybe you're a little confused, but that's the definition of a target school.
Saying Northwestern is a "semi-target" is the same as saying JPM is a "semi-investment bank." Its just wrong.
Northwestern isn't the best school to go to for ibanking (just like JPM isn't the best investment bank) but its still a target school.
Actually, I think You're a little confused.
Distinguishing between target, semi-target, and non-target is for purposes of ranking.
Saying JPM is the same as Goldman would be to say that they are both top tier, not that they are both investment banks.
Northwestern isn't the best school to go for ibanking which is why it isn't a target school. Whether or not you consider that a 'semi-target' or a 'non-major target', the issue is simply semantics, but in any case Northwestern is not on par in any sense of the word in terms of ib recruiting with HYPSWB.
Calling all schools that have recruiting a target would essentially classify almost every university as a target. If you think that's true, then sure, give kids the advice NOT to go to HYPSWB because it's all the same.
my friend, you are really confused. a target school gets their students actively recruited by all the top banks. is uva on the same level on harvard. no but their a target school. is howard the same level as harvard. no but their a target school..
please stop misguiding people with this semi target crap. last i remembered, GS sponsors all the career fairs at NU
Well about how many HYPS students will get jobs and about what % of that will they take from NU? This answer should solve the argument.
Target = all top banks recruit (NU, HYPSWC, UVA, MICH, ETC.)
Semi-Target = some/few top banks recruit; more back office than front office or even mix of both; larger presence of MM or boutiques (Other State Schools, Tulane, Claremont McKenna, Second tier privates)
Non-target = no ibank presence on campus (Community College)
Perfect.
I think a target school should be defined by how well-represented the school is at the banks. So let's say you go to a school where ALL top banks visit, make presentations, and interview on campus. Let's say they get all the resumes, select people to interview, etc. But at the end of the day, if the firm hires only 1 or 2 people from that school, I don't know if we can call that a target.
But I still think that "target" goes beyond the elite HYPW.
What is the deal with some people on this board? How hard is it to disagree with someone without being condescending?
I think most people agree that if they interview/recruit at your school, then your school is a target.
"If Lehman Brothers has an on-campus presence at your school, please consult the Lehman Brothers recruiter or your career placement office for information on next steps and your school’s specific deadlines. If Lehman Brothers does not visit your campus, we encourage you to forward your resume/CV to the appropriate Lehman Brothers recruiting contact."
If you go search through the careers section at UBS for ibanking internships in nyc, you will that they want students from the following schools to apply seperately:
UChicago Cornell NORTHWESTERN Princeton Wellesley Yale Morehouse/Spelman
I'm assuming that other schools like Wharton and Harvard aren't there right now due to deadlines, but I do remember seeing them a while ago.
I go to NU. It is most definitely a target school. GS, Citi, BofA, Morgan Stanley, ML, BCG, McK, Bain etc were all at our school. While it's definitely not hallowed ground for boutiques etc ala HYPS & Wharton etc, all the BB's will be around for recruiting.
You can't determine if a school is a target based on if banks recruit there. We are talking about front-office. There are many schools where banks recruit heavily for technology, HR, and operations, that doesn't make them "targets" in the sense that most people on this forum mean.
I would hope no one here is delusional enough to think that just because Lehman recruits at their school for back-office ops, it makes them a target.
If you're looking for schools now, look not just as who's getting hired to what division, but also at the intelligence and competence of those getting hired off to the well-run I-Banks. They're the people who'll be lobbying to recruit from your school.
Maybe NU is a target for the Chicago office? I think most of the BB's analysts out of NU probably stick around in Chicago - Thus making NU a semi-target.
I think more HYPSM and Wharton cats are targetted for the NY office - which is where you want to be.
There is very little back-to-front office movement. No one in the middle/back office makes any money; the divisions are not revenue generating. So I don't see how "in four years" some guy doing operations will be on the trading floor. That sounds like a lot of wishful thinking.
So I would suggest that any I-Bank that doesn't get its good traders into S&T before they leave for Chicago is a poorly managed firm.
my best friend from high school landed a nyc bb corp fin internship from northwestern and he told me that while northwestern does get all of the chicago offices recruiting there you are also allowed to apply to the nyc offices.
Is it the general consensus that Northwestern is recruited mostly for crappy BB back-office roles?
The truth is that Northwestern is NOT a target for NYC jobs but plenty make it into front office jobs at major banks in NYC because they are willing to network.
I went to NU and we are THE TARGET (along with UChi) for ANY banking job in Chicago...trust me, not many offices in chicago go to H/Y/P to look for people when you have plenty very intelligent people that can run pitch books in your backyard. This goes both ways however when it comes to NYC coming to NU/Chi.
In my admittedly target major, 70% of my 35-40 classmates went into i-banking in front office roles...about 80% in chicago. The balance went into management consulting at bain/BCG etc. If you are a strong student (3.4+ in a decent major) you can get a front office job at some type i-bank (yes small boutiques account for a large portion of this general statement). A 3.6-3.7+ will get you an interview at most, if not all, bulge brackets. I had a 3.7 and had [available to me] 8 interviews in i-banking, another 8 in consulting, and 4 in trading, senior year.
Northwestern is not a target in the sense a 3.0 gender studies major can work at goldman, but a 3.5 "hard" major has a lot of doors open to them.
I'm not a huge i-banking fan after my summer stint and turned down an offer at a BB in NYC in favor of a buyside job in the midwest.
yeah what the fuck is a "semi-target"
if your school is well-known and is known for its smart people, i would consider it a target (yes, like northwestern). college admissions are sometimes tragic, but they should never mean the end of your life
joe, that's MMSS I assume? Do they get their own recruiting that helps (i.e. would 3.7 in Econ and Engineering get same opportunities)?
Will 3.5 in Econ + "hard" other major almost guarantee a few internship interviews?
can someone explain why northwestern is not a target for Credit Suisse and UBS - arguably the strongest BBs in Chicago?
http://www.northwestern.edu/careers/surveyoutcomes/recruiting-by-functi…
Northwestern Undergrad for Wall Street (Originally Posted: 03/29/2009)
I was wondering how a Northwestern undergrad fares on Wall Street for IB. I know it definitely doesn't do as well as the ivies or other east coast schools...but is it completely non-target?
edit: Also, there's a new certificate program that Kellogg Business School offers for undergrad, would that help at all?
http://www.kellogg.northwestern.edu/certificate/index.htm
Thanks for reading this.
strong semi target.....its a solid school but for BB IB id say a few BB will take a couple at most.
NU is recruited for Chicago mostly. I know few people in NY from NU, but East Coast schools do have better representation (mostly because of location). Still, you should be able to get an IB position if you work hard enough or network well.
yea i realize that I would have no problem finding an ib job in chicago...but i'm mainly interested in wall street. I guess right now my question is should I just save money and go to a lower tier school instead since NU doesn't offer too many opportunities in NY anyway?
just fyi - when referring to working on wall street, wall street is not a place; it's an industry. You can work on wall street in chicago, san fran, LA, etc. But sounds like you want to work in NY specifically?
um.. wallstreet also mean the particular area where the stock exchange and banks are located in NYC...
yeah i can't imagine a person from LA or Chicago saying "I work in Wall Street"
yeah, no duh. It's a street in lower manhattan. Very good. But what if you work on broad street? If you work in midtown, do you not work on wall street? What about a HF in Greenwich?
And to the other poster, you're right - nobody would say 'I work in wall street'. you work 'on' wall street. Except nobody says I work on wall street anyway, whether you're in Chicago or NY. (except for 1-year analysts explaining where they work to their grandma or some chick at a club and trying to sound cool).
Heard of wall street vs. main street? Where exactly is main street anyway? Wall Street is a metonym. It represents an industry. It refers to the banks/financial institutions that drive the American Capital markets.
Just trying to help you young guys out.
ibleedexcel, you better shut the fck up before i knock u out
I'm trembling. Did I hurt your feelings somehow?
Have you looked into MMSS? Amazing program
yea i'll be doing MMSS...would that help me in any way?
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