MBB after Wharton Undergrad?
I looked at the Wharton undergrad Career Report and saw only ~10% of Wharton grads go into MBB after graduation...judging by the fact that it's so competitive (since Wharton is already made up of the best of the best students), what are the realistic chances for a Whartonite to land a MBB job? It doesn't look like the chances are good for those particular 3?
It's not hard. More people are interested in finance, or if not finance, then want something completely different. Not to say it's easy, but relatively few top students pursue it.
Would you say it's a lot easier to get into MBB from Wharton than a top LAC, say Williams?
Your school helps get you an interview, it doesn't get you the job. After the resume screen, your interviews matter, not where you went to school.
MBB info sessions had 400-500 kids show up this past year. Wharton definitely gives you a better shot at landing MBB than just about any other school, but it is certainly not easy. There is a noticeably greater focus on diversity versus IB/PE recruiting--most of the white males that land MBB offers have very impressive extracurriculars, a really unique story, or are going to regional offices. The idea that "relatively few top people pursue it" is horseshit--dozens of kids who interned in IB, PE, or Tier 2 consulting recruit for MBB every year.
In my personal experience, it is significantly easier to get a BB/EB offer than MBB coming out of Wharton undergrad--there are simply a lot more banking slots. However, the Tier 2 firms (OW, Deloitte, ATK, LEK, etc.) are very solid and a number of people even take them over IB return offers.
Finally, if you want to do consulting FT, keep in mind that there are very few slots open for junior summer internships--which means that you probably won't get a top-tier consulting offer junior year and therefore need to recruit for the other prestigious shit junior year (IB, tech, corporate strategy, etc.).
It was significantly easier to land a MBB internship than a top EB/PE offer. Look at the BGS students from year to year - many pursue consulting, but far more pursue IB/PE/Tech. I’m also not aware of anyone leaving a top banking group or buyside role for consulting.
Guess I'm getting shit on for ruining the finance circlejerk. Newsflash: we all like finance, but not every smart person at Wharton does.
PE recruiting is a different ballgame from IB and I agree--it's insanely competitive. I was specifically talking about BB/EB recruiting. For junior summer there are a lot more IB spots than MBB and it ain't kids with 3.5 GPAs getting spots at MBB.
Not sure when you graduated, but my comment about people leaving BB/EBs for consulting is based on 5-10 people who did exactly that this year. Not to mention kids who did sophomore BB banking internships and then consulting junior summer. Your last sentence is complete bullshit and is easily disproved by a quick LinkedIn search.
Not at Wharton, but this is true for my target school
I understand where you're coming from with the whole "Relatively few people pursue it" is bullshit. I agree to an extent but for example I have a close friend that recruited for MBB but opted to go to a startup and then work at FAANG. Point is, sure, there might be 400-500 kids showing up, but perhaps 100 are just there to check it out and another 50 there with MBB in mind but not dead-set on it. When that number drops to 250 / 300 super interested candidates and then 50-60 are accepted... well it isn't the best odds but it's better than most other schools.
Thank you for your insight and advice! I was wondering, is Deloitte/tier 2 consultant firms considered a good Junior summer internship to set up for MBB/high-tier internship after senior year, or are what you stated (IB, tech) preferred.
Thank you
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