UChicago Undergraduate
Going through past posts from 2007-2012 i've seen a lot of discussion on the state of recruiting/presence of uchicago in IBD BB and it seems to be extremely negative. If booth is as strong as people claim, being a significant feeder into banking where other top b-schools (H/S/W) might focus on buy-side opportunities more, wouldn't the mentality of HBS pulling for Harvard undergraduates also apply to Booth pulling for uchicago undergraduates? As an incoming freshman i'm confused about the true state of opportunities for uchicago undergraduates to enter IBD. If any students/bankers have any numbers or general thoughts about uchicago undergraduates to support the growing strength of the school/lack thereof it'd be appreciated
All of the UChicago kids i knew are all doing very, very well. Don't worry.
thanks for commenting! would you be able to elaborate at all on what kind of internships/FT jobs you've seen them pursue specifically? i understand that JPM and CS have traditionally been good options, but i've recently seen more EBs/ and BBs like GS presence being mentioned - is this true at all?
MBAs rooting for undergrads prob not a strong determinant of recruiting.... As far ik, uchicago is doing fine! Can you be more specific what you mean by "extremely negative"?
as far as i'm aware, any presence in a firm whether it be mba or undergraduate ft can play a role in the opportunities that a school has at that particular firm. if not specifically through OCR, then through resume pushing, connections, etc.
as for extremely negative - i suppose it's closer to fairly negative. refer to (link that i can't post) "Is there reason to believe that BB recruiting at UChicago will increase in a couple years?" where even a uchicago student "chitizen" says that the school is a 3rd tier target behind the likes of michigan, nd, and non wharton penn among others. This thread was from 2012, however, and i was hoping that the general consensus would be more positive following a fairly impressive rise by uchicago in both public and professional opinion coming into 2017.
edit: not to demean the potential of undergraduate students from some of the schools i listed above, but after deciding on uchicago i was hoping that a school in the conversation for top 5 undergraduate in the U.S. would be closer to ivy league in presence in ibd
Yes MBAs can play a role but again its not as significant as the undergrad alumni network. And ok tbh, the 1st 2nd 3rd tier thing is ridiculous. If u are committed to breaking into IBD, you'll do fine no matter what tier it is. U shouldn't obsess over that. If you can break into IBD from harvard, u can do it at uchicago, etc. Dw man you'll be fine
bump - any other thoughts?
My sense was always that the undergrad's were less interested in IB as a group. I think if you want to recruit for banking out of Chicago you will do fine, but it seems like many more of those kids were pursuing entrepreneurship, consulting, or had other ambitions in academia. If you want to do banking just go hang out at some TNDC's and talk to the Boothies and you will find plenty of network.
Don't ever fucking do this. TNDC is a refuge for Boothies and the last place they're going to want to network. There are plenty of opporunities to network if you want to. Reach out and set up coffee chats with second years going into banking or first years that came from banking. The Dougan Scholars program is a no brainer if you get in. You'll get a bad rep if you start hanging around at TNDC's to job hunt.
yeah I'm obviously not advocating for ambitious undergrads to crash beer pong tourneys and Belgian Halloween to get their questions answered about banking. More just encouraging ug's to meet some of the b-school kids so that they can set up more formal chats down the road. I dunno, maybe that's overly simplistic.
UG alum here. Besides the fact that most TNDCs are off-campus (maybe you meant LPF), that's the worst advice an UG could get as BreakingOutOfPWM mentioned. The UG alumni network for banking (and consulting) is very strong, so you certainly do not need the help of MBA students who are going through recruiting themselves. There are plenty of other, more appropriate ways to network, whether its through clubs (eg TBC), the Dougan Scholars program, or cold calling.
LinkedIn is your friend here. Let's look at GS. Filter by keyword analyst (if you want, scroll the titles after to get a more accurate set). About ~150 harvard students (enrollment 22000). ~75 UChicago (enrollment 14000). ~115 UPenn (enrollment 10000 - assuming that Penn covers Wharton as well in the filter). ~80 stanford (enrollment 7000).
34 for Notre Dame (8000), ~80 for Michigan (28000).
Bear in mind that these numbers don't reflect how many recruit for IB at each school. I'd compare this across 5-6 of your target firms and then try to talk to students/graduates to get a sense of how many recruited vs how many were successful. But at first glance, UChicago looks to slightly lag HSW, but it is certainly in league and plays with the big dogs, and probably outperforms schools like Michigan/ND. Plus from my feel of the University while at Booth, I bet less people recruit for IB than at H/W. Your prospects at UChicago are going to be amazing, feel proud to be a part of the community.
thanks so much for taking the time! +SB
i noticed that you mentioned the dougan scholars in an above post, could you make any additional comment on what kind true benefit this might have for a student looking to enter ibd vs what they might say on the website?
Alum here, you'll be just fine. Both banking and consulting recruiting is very strong. Not quite HYP or Wharton level, but still very strong. I've seen consistent placements into NYC BBs over the years (esp GS, JPM, and CS during my time). For EBs, I know of several who ended up at Lazard.
I also agree that there is less competition at UChicago than at other schools (at least based on my experience doing MBB recruiting)., especially in comparison to schools like ND and Michigan that have large UG business schools. Just make sure to joint the right RSOs (eg, TBC), and leverage Career Advancement--they get a bad rep, but I actually think they provide a ton of resources (incl practice interviews).
Re: what you saw from 2007-2012. It's probably reflective of how the College has changed over in the past decade. It's a very different school now vs 2007, especially when it comes to recruiting. But that's a different topic for a different thread.
very reassuring thank you for commenting! from your experience would you say that the RSOs i should focus on are TBC and eckhart consulting? as far as im aware these are the two most "prestigous" rsos that seem to result in the best placement, based on their respective websites.
Recruiting at the University of Chicago (Originally Posted: 06/26/2016)
Hello guys, I am an incoming freshman to the University of Chicago hoping to study econ. I was wondering if any current students/ alumni could give me some idea of the recruiting scene? Do all BB recruit there? Is it only for the Chicago office or for NY as well? Is Singapore/Hong Kong recruiting strong? Thanks a lot in advance! Any help would be much appreciated :)
bump
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