BB vs EB for HBS/GSB?
Is there an advantage to going to an EB so u stand out a little more during MBA applications? and how much does the name of the bank matter (like does MS vs BofA change your chances?)
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From my understanding, and the data points that I have, once you’re at a BB/EB, your role (front office vs back office) carries more weight than the name.
Obviously you hear about a lot of GS and McKinsey ppl placing in HBS/GSB, but that’s all because a lot of those kids already had better stats going into those roles. You’ll also find plenty of Credit Suisse, Barclays, BAML, etc alum in those schools.
You also have to factor in what you do after banking. Certain PE firms have strong ties to HBS/GSB and regularly place a handful of associates in each class.
But, even if you place at MS and then Carlyle, there’s no such thing as a guaranteed admission at HBS or, especially, GSB
From what I have seen if you place at an UMM/MF you have a >75% chance at placing at H/S. Nothing is guaranteed but you will be as close as they come.
This is so inaccurate it hurts lol. I’m at a MF and I promise that 75% of associates at MF’s (and especially UMMs - I don’t think you realize how many firms fit in that bucket) do not place into H/S. Statistically that makes no sense.
A lot of kids have the misconception that if you do 2 years IB + 2 years at a solid PE firm, you are locked in for H/S. The world is a lot bigger than finance and these schools only take a handful of ppl that follow these paths. And the people they do take are clearly standouts among others with similar pedigrees
This is fully not true. 3.8+ target -> JP/MS/GS -> UMM/MF and 760+ gmat get rejected all the time at H or S or both. Check the b-school forum.
Reaction to this comment is excessive. 75% too high but anecdotally it does feel like UMM and MF folks get into H/S quite often. If people are gonna throw MS and call the comment “so inaccurate it hurts”, how about at least providing a better estimate
This guy lmao. You love your estimates. I’ll never forgot your horrible takes on COVID-19. It’s like you close your eyes, choose a thread, and think of what you can do to make it a waste of time
Rahma strikes again on being absolutely useless waste of space both in person and in his online "expert" alter-ego.
purely out of curiosity - why do people still want to do an MBA if they've already placed into UMM / MF PE?
You often get the boot after a couple of years
So you have to do an MBA to get back into that role?
I’m glad others have noted the issues with discussion in this thread. Admission to business schools, especially HBS and GSB, is so ridiculously competitive that I caution against any sense of privileged thinking.
Admission teams don’t care if you were at Evercore, Goldman or J.P. Morgan past ensuring that you served in a front-office role at one of these name brands.
Once they’ve guaranteed that, they throw your ass into a group with all other financial services professionals. Each school has a set number of seats “reserved” for those with investment banking/private equity experience, and many of these people are your new competition. As you can imagine, these programs, and many others, attract extremely impressive candidates.
Your newfound competition may have worked at a MF abroad while simultaneously feeding the hungry and working on research to develop a COVID-19 vaccine. All of this after two years with Goldman, an undergraduate degree from Harvard, and the “best” boarding school education. Oh, yeah, and your newfound competion’s uncle is a major donor to HBS/GSB.
Hyperbole? Absolutely, but you get my point.
Similar to everything in life, most of our day-to-day is left to calculated chance. Stay humble, monkeys.
what about banks that people historically have said places well to HBS (like PWP?) how exactly does that work
Even working at PWP, your admission to HBS is not guaranteed. It's obviously better than not having worked at PWP because there is an obvious connection between the firm and the school, but it is still not a shoe-in.
You think if the entire PWP analyst class applied to HBS that they'd take all of them, just on the fact that they worked at PWP?
Like many things, it’s a numbers game. Of course Goldman places well at (insert business school name), the bank sends armies of analysts into private equity every year. Many of these private equity firms have alumni that traveled the same “path” to business school and back into private equity. Much of this becomes a self-fulfilling prophecy.
Would you still say IB & PE is the best path to getting into HSW outside of MBB? I would assume IB/PE folks have better odds at HSW than F500 analysts, S&T, AM, ER, Big 4 Accounting, Sales, Marketing, lower tier consulting, Real Estate, and MO/BO folks.
(Not counting stuff like starting an African non-profit and competing at the Olympics)
No. Private equity is not the best way to gaining admission to GSB. Better than the other roles you listed? Maybe. Your professional experience is ONE component of a truly HOLISTIC review of one’s candidacy. I hate to be the bearer of bad news.
You want to go to GSB? Move to Africa, work with an NGO in advancing the causes of repressed communities, transition to a managerial role at said NGO, secure impressive recommendations, and destroy the GMAT. You’ll have admission teams begging for you to join their institution. Many outside of WSO value experiences outside of “the path.”
WSO is a phenomenal platform for all of us, but we must remember that it can also be a dangerous vacuum that ignores many of the realities of the world.
This thread is really just a testament to how much of a bubble some people here are in. No-- being on your "prestigious" IB+PE path will not be enough to impress HBS/GSB admissions committees. There are many people NOT in IB/PE that are, you know... actually trying to "change the world."
If you really think the most impressive person coming out of your target university is the guy/girl that has an offer at some EB or buyside firm, you really need to think about what this world at large values, and by consequence, the types of people that HBS/GSB adcoms seek.
Guys (and gals) b-school has a diminishing value prop.
In the context of “the path” others have referenced, it really only makes sense if you want to change careers out of banking/PE, or if you got booted from your PE firm.
Might catch some hate for this, but unless you want to reinvent/get off the path, spending 2 years of your life trying to re-live your college experience just doesn’t seem like the best use of your time after an analyst stint and (often) some time in PE...
Not everyone spends two years of business school chasing undergraduate tail, and the programs do add value past what you’ve mentioned. Stick to turning comments on CIMs instead of pumping disinformation out on the forums.
B school is worth it for the network. For international students, it is a great place to meet people who might get you a solid job in the US.
I feel that being F100 FLDP is actually better than IB (without MF PE) for bschool admission.
Corporate guys are pooled with corporate guys and your F100 is more impressive than F500. Plus there is only a handful of F100 FLDP and not many will choose bschool.
Finance kids are pooled with finance kids and without MF on resume, it looks really lame.
I don't really think starting a non-profit in Africa works well these days. Adcoms know these are jokeass voluntourism.
I think unless you can establish a very successful non-profit that can sustain without you and make a significant impact, adcoms are just going to think you are a loser without career planning and go on a working holiday in Africa.
Doesn’t have to be Africa - these days GSB is offering fellowships to people who go work in the Midwest after graduation.
I agree with this 100%. When I interned for GE in FMP 3/12 in the FMP graduation class went on to HBS. Pretty nuts.
Your username and this thread say a lot about you. There are many more immediate hurdles you should be worrying about before HBS/GBS. Do you have a SA offer? Return offer? 750+ GMAT? Community service? Strong GPA?
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