Campus recruitment
I am doing a paper on campus recruitment and am trying to do some research regarding these efforts done by different investment banks (Merrill, Citi, JP, Goldman etc.)and was curious as to everyone's experience here with them. Which banks have the best efforts? The worst? why? What was your impression of the banks after you attended some of thier events? I appreciate any and all of your feedback!
Goldman and BofA have traditionally been the best from what I have been through. Obviously, for very different reasons.
In general the ones that made the best impression were the ones that got as many alumni from my school as possible to come to the event and speak directly with the students.
I think for the Goldman one at my school (I went to a target), they brought in a bunch of random people, most of which had no relation to the school. I understand in practice it can be difficult to pull this off given location/travel and everything, but somehow Morgan Stanley brought in tons of alums from the school.
In the end all these recruitment events are basically the same... the people differentiate them.
I kinda enjoy the perks that each presentation has. If it's a nice place off-campus and for full-time recruiting (summers aren't legal to drink), there is usually an open bar. Food can be good, but it's hard to talk with food in your mouth.
For JPM's presentation, everyone who attended got a clicker and instead of the traditional silent Q&A, I could select from questions that they wanted answered from monitors they set up around the room. It was also cool to see what other candidates were interested in learning about and you could somewhat gauge how affluent they were according to the type of questions they wanted answered. (i.e. if 42% chose "What is Investment Banking?")
I thought it was funny when a bunch of senior executives from Bear Stearns came in to hold this "panel discussion" for recruiting, and fell into the trap of going into Q&A instead of giving the traditional spiel about their company. Only one person asked a question and it was about to be the shortest presentation and the biggest waste of time had one of the recruiters not stepped up and said, "well, these are the type of questions you SHOULD be asking..." They were all bullshit questions. The senior guys looked pissed at the end.
Sometimes the swag is good. Morgan Stanley usually has some cool gadgets they give away: portable laptop mouse, WiFi scanning pen, portable cell phone charger. CS has some really good literature for banking, practically taught me about banking. And other firms also give out free copies of Wet Feet company profiles (retails for ~25$).
I am also curious about your impressions of various Investment Banks and how you go about getting those impressions. For example, are there certain sites you go to help give you an idea? Or is it really the recruitment events that they put on? Or is it mroe WOM from other MBAs who have had internships? Also, what ARE your impressions of the different IBs? For example, if Goldman was a liquor, what would it be? Compared to JP or UBS? This paper I'm writing has to do basically with what up and coming bankers feel about various banks and how they go about getting these impressions. Thanks for your help.
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