Choosing Uni For IB (Non-Targets)

Based on the most helpful WSO content, here's what you need to know:

School Selection for IB:

1. Indiana University (IU) - Kelley School of Business (Pre-Business):

   • IU Kelley is widely recognized as a semi-target for investment banking, especially if you can gain admission to its Investment Banking Workshop (IBW). This program has a strong track record of placing students into top firms like Goldman Sachs and Morgan Stanley.
   • While starting as "pre-business" may seem like a hurdle, many students successfully transition into Kelley and subsequently into the IBW. However, this will require maintaining a strong GPA and actively networking.

2. Penn State Smeal College of Business:

   • Penn State is considered a non-target, but it has a strong alumni network in finance. The Nittany Lion Fund, a student-run investment fund, is a standout opportunity that can help you build relevant experience and connections for IB recruiting.

3. Lehigh University:

   • Lehigh is also a non-target, but it has a small but loyal alumni base in finance. Networking will be critical here, as on-campus recruiting for IB is limited.

4. Fordham University:

   • Fordham benefits from its proximity to New York City, which can provide access to networking events, internships, and alumni in finance. However, it is still considered a non-target, and breaking into IB will require significant effort.

Transferring to a Target School:

• Transferring to a target school (e.g., Ivy League, HYPSM, or other top-tier universities) can significantly improve your chances of breaking into IB. According to WSO threads, Cornell University is one of the most transfer-friendly Ivy League schools, with a strong placement record in IB. Other schools like Georgetown, Vanderbilt, and UNC Kenan-Flagler also have solid transfer pathways and strong alumni networks in finance.
• To successfully transfer, you’ll need:
  • A high GPA (ideally 3.8+).
  • A compelling story for why you’re transferring (e.g., seeking greater academic rigor or better career opportunities).
  • Strong extracurriculars and internships to demonstrate your commitment to finance.

Recommendation:

• If you’re confident in your ability to maintain a high GPA and navigate the competitive transfer process, Indiana University (Pre-Business) is your best bet. The Kelley School of Business and its IBW program provide a clear pathway to IB.
• If transferring isn’t feasible, Penn State Smeal offers solid opportunities through its alumni network and programs like the Nittany Lion Fund.

Ultimately, your success will depend on your ability to network, secure internships, and demonstrate your passion for finance.

Sources: I Transferred Schools for Investment Banking, The Comprehensive List of Transfer Friendly Schools For Investment Banking, Here are the Target Undergraduate Schools in Canada, The Case for Choosing a Non-Target, The Case for Choosing a Non-Target