3/18/11

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?

Comments (107)

Best Response
3/19/11

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3/18/11
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In reply to EngPhD
3/18/11
3/18/11
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3/18/11

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.

3/18/11
3/18/11
3/18/11

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.

3/18/11
3/18/11
3/18/11
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3/18/11
3/18/11

"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.

3/18/11
3/18/11
3/18/11
In reply to jdog112
3/18/11
  • gnicholas
  •  3/18/11
3/18/11

Banking.

In reply to kendall
3/18/11

"I am Shiva the god of death"

3/18/11
3/18/11
3/19/11

Banking.

In reply to gnicholas
3/19/11

Get busy living

In reply to MrV
3/19/11

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3/19/11

Banking.

3/19/11
3/19/11
  • SpencerMakesBank
  •  3/19/11
In reply to SpencerMakesBank
3/19/11
3/19/11

"I am Shiva the god of death"

3/19/11
In reply to kendall
3/19/11

Get busy living

3/19/11
3/19/11
3/19/11
In reply to thedose
3/19/11
3/19/11
In reply to econ
3/19/11
In reply to kendall
3/19/11
3/19/11
In reply to J15
3/19/11
In reply to brotherbear
3/19/11

"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.

In reply to brotherbear
3/19/11
In reply to kendall
3/19/11
In reply to chubbybunny
3/19/11
3/19/11

IVY for Life

In reply to futuretrader1999
3/19/11
In reply to HarvardOrBust
3/19/11
3/19/11
In reply to Steelo
3/19/11
3/19/11
3/19/11
3/19/11
3/19/11

Banking.

3/19/11
In reply to chubbybunny
3/19/11
3/19/11
In reply to KevinNYC
3/19/11
In reply to chubbybunny
3/19/11

IVY for Life

In reply to Solidarity
3/19/11
3/19/11
In reply to KevinNYC
3/19/11

"I am Shiva the god of death"

3/19/11
In reply to MrV
3/20/11
3/20/11
In reply to Steelo
3/20/11

Banking.

3/20/11
3/20/11
3/20/11

Men are so simple and so much inclined to obey immediate needs that a deceiver will never lack victims for his deceptions.

-Niccolo Machiavelli

3/20/11

"Alas, how many have been persecuted for the wrong of having been right?"
-Jean-Baptiste Say

3/21/11

Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?

3/21/11

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

WSO is not your personal search function.

3/21/11
In reply to kendall
3/21/11
3/21/11
3/21/11
In reply to econ
3/21/11
3/21/11
In reply to Solidarity
3/21/11
3/21/11
3/21/11
3/21/11
In reply to ModusOperandi
3/21/11
In reply to kendall
3/21/11

Get busy living

In reply to kendall
3/21/11
In reply to brotherbear
3/21/11

- Bulls make money. Bears make money. Pigs get slaughtered.
- The harder you work, the luckier you become.
- I believe in the "Golden Rule": the man with the gold rules.

3/21/11
3/21/11
3/21/11
3/21/11
In reply to TraderDaily
3/22/11

Get busy living

In reply to UFOinsider
3/22/11

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

WSO is not your personal search function.

3/22/11
3/23/11
In reply to futuretrader1999
3/23/11

I win here, I win there...

In reply to rollo89
3/24/11
3/24/11
4/28/11
9/28/11

IVY for Life

9/28/11

I didn't say it was your fault, I said I was blaming you.

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