Why do banks recruit at "Semi-Targets" if there are too many apps from Harvard, Wharton and Princeton??
I always hear that at Wharton, Harvard and Princeton it's super hard and competitive to land an ibanking job as there're many students fighting for limited spots. If this was the case, then why would these same banks recruit at Semi-Targets such as Stern, Ross and Northwestern? If they want the best talent possible and they think that the best talent are at the top Ivy's, why wont they just recruit there...ONLY? If you don't understand what im staying, I'll put it like this...
Goldman Sachs has 200 spots open for potential 1st year analyst.
Wharton, Harvard and Princeton altogether has about 2000 students who want these spots at Goldman. But instead of filling these spots up with just "the big 3", they only sign up about 100 from these schools and go recruit at the "Tier 2" schools such as Brown, Dartmouth, Columbia, Stanford, Yale and MIT. At these schools, they sign up about 65 or 70 in total and move on the the "Tier 3" schools such as Ross, Stern, UVA,etc and take about 25 to 30 kids. And the rest are filled with people from schools such as U of T, UCLA, KU and other NON TARGET SCHOOL cold callers.
I was wondering why don't they just recruit at the 3 main schools if they think that they're the best talent and they want only the best?





Because they would rather
Because they would rather have tier 1 students at a semi target than tier 3 students at HYPW
What are you, in 5th grade?
What are you, in 5th grade?
Wow
Wow
LOL at Stanford, MIT and Yale
LOL at Stanford, MIT and Yale being "Tier 2."
Edit: Can't believe I fell for this. I know better than to feed the trolls.
EngPhD wrote: LOL at
LOL at Stanford, MIT and Yale being "Tier 2."
Edit: Can't believe I fell for this. I know better than to feed the trolls.
they're the same quality, but from what I've read they are not as well represented on wall street and banks don't recruit there as heavily as wharton,harvard and Princeton.
Pretty sure the targets put
Pretty sure the targets put more students on wall street than any other school. That's why they're labeled "targets", right? If you go to a target and don't get into IB, chances are you have a low GPA and/or did not network. In that case, they don't deserve to be an I-banker when others are working harder.
OP have you ever thought that
OP have you ever thought that the smartest kids at a non-target are more intelligent/hard-working than the second tier kids at HYP?
Because they don't want to
Because they don't want to recruit "target school" idiots like you??
I don't accept sacrifices and I don't make them. ... If ever the pleasure of one has to be bought by the pain of the other, there better be no trade at all. A trade by which one gains and the other loses is a fraud.
The dude brings up a good
The dude brings up a good point. In fact, next year citi's analyst program is identical to wharton's senior class
I'm starting to think WSO is
I'm starting to think WSO is going to the dogs with stupid shit like this.
Different factors.....one
Different factors.....one that comes to mind is maybe based on high level alumni that work at the company.
You give me a gift? *BAM* Thank you note! You invite me somewhere? *POW* RSVP! You do me a favor? *WHAM* Favor returned! Do not test my politeness.
Strong candidates aren't just
Strong candidates aren't just about where they went to school. And frankly, an office of 500 wharton kids jacking each other off isn't my idea of a financial powerhouse.
the top of a "tier 2" is just
the top of a "tier 2" is just as good/ better than a middle of the road "tier 1"
the very top of a "tier 3" is just as good/ better than a middle of the road "tier 1"
etc.
so there are more "tier 1"s but to get the best they get smaller fractions from "lesser" schools.
this was too serious of an answer.
what i meant was fuck you prestige whore. or something.
because not everyone wants to
because not everyone wants to do banking
because not everyone from HYP needs money
because they are wealthy scions and can afford to be anthropologists and philanthropists and philosophers and philanderers and sexual deviants for the rest of their lives
thanks every1 who actually
thanks every1 who actually answered my question without unneeded remarks, and to the guys who said some negative stuff about me, calling me a troll and saying im an idiot...well im guessing you're just a bitter 29 year old analyst who went to a non target and is mad at me for mentioning the top colleges that you were rejected at. or didn't make it to associate or VP. Im 15 and im asking an innocent question. as i wanna become a banker one day(And i actually want to go to Duke, im not a "prestige whore" )
jesus you little
...wow... why don't you calm
let me tell you a little
"Look, you're my best friend, so don't take this the wrong way. In twenty years, if you're still livin' here, comin' over to my house to watch the Patriots games, still workin' construction, I'll fuckin' kill you. That's not a threat, that's a fact.
Is this a serious thread? And
There is all the difference in the world between treating people equally and attempting to make them equal.
Is this a serious thread? And
There is all the difference in the world between treating people equally and attempting to make them equal.
Is this a serious thread? And
There is all the difference in the world between treating people equally and attempting to make them equal.
jbert112 wrote: Is this a
Banks recruit outside of HYPS
Not all intelligent
Banking.
kendall wrote: Im a 15 year
"I am Shiva the god of death"
Also, i was wondering if you
I hate kids in Bronx Science.
3.8 in Bronx Science huh? I
Banking.
gnicholas wrote: Not to
I'm just here for the free food
MrV wrote: 3.8 in Bronx
But on a less serious note,
Banking.
Lol, i know that. I have
Don't you have a girl to
Because a lot of the try hard
SpencerMakesBank
seriously, go ride a
"I am Shiva the god of death"
Not everyone perfected the
kendall wrote: MrV
I'm just here for the free food
kendall, I don't know why
Because otherwise George W.
Because otherwise George W.
thedose wrote: seriously, go
OP, are you kidding me? Why
For my aspiring Entrepreneurial Nomads, check out my blog.
econ wrote: OP, are you
kendall wrote: Lol, i know
Kendall, these things are
Here's the real answer to
J15 wrote: kendall
For my aspiring Entrepreneurial Nomads, check out my blog.
brotherbear wrote: Here's the
"Look, you're my best friend, so don't take this the wrong way. In twenty years, if you're still livin' here, comin' over to my house to watch the Patriots games, still workin' construction, I'll fuckin' kill you. That's not a threat, that's a fact.
brotherbear wrote: Here's the