How hard would it be to recruit for Chicago IB coming from a top target?

Based on the most helpful WSO content, recruiting for Chicago IB from a top target like HYPW is absolutely realistic, but it does require a tailored approach. Here's what you need to know:

1. Recruiting for Chicago IB from a Non-Chicago School

• Feasibility: Coming from a top target like HYPW, you already have a strong brand that resonates with both BBs and EBs in Chicago. While Chicago IB recruiting tends to favor Midwest schools (e.g., UChicago, Northwestern, Notre Dame), top-tier schools like yours are still highly regarded.
• Networking: Since you're not at a Midwest school, networking will be critical. Many Chicago offices have alumni from HYPW, so leverage LinkedIn, alumni databases, and informational interviews to build connections. Focus on analysts and associates who can provide insights and potentially refer you.

2. Targeting Chicago EBs

• Strong EBs in Chicago: Based on WSO threads, some of the top EBs in Chicago include:
  • Greenhill: Known for small analyst classes and strong PE placement (e.g., Silver Lake, Madison Dearborn).
  • Lazard: Strong in restructuring (Rx) and Midwest advisory, with excellent exit opportunities.
  • Moelis: Active in TMT, P&P, and transportation verticals, with full M&A execution in Chicago.
  • Evercore: A solid presence in Chicago, though slightly smaller than NYC.
• Advice: Tailor your story to highlight why Chicago aligns with your goals (e.g., cost of living, take-home pay, Midwest lifestyle). This will help differentiate you from NYC-focused candidates.

3. Recruiting for BBs

• Top BBs in Chicago: According to WSO rankings, notable BBs in Chicago include:
  • Citi: Strong emphasis on their Chicago office, with full execution capabilities and global heads based there.
  • JPM: Heavy coverage of auto, industrials, and consumer sectors.
  • Goldman Sachs: Known for a strong industrials group and diverse deal flow.
• Strategy: While EBs may be your primary focus, applying to BBs as a backup is wise. Highlight your interest in specific industry groups that are strong in Chicago.

4. Key Challenges

• Competition: Chicago IB recruiting is less competitive than NYC, but it still attracts top talent from Midwest schools and other targets. Your HYPW background gives you an edge, but you'll need to demonstrate genuine interest in the Chicago market.
• Networking: Since you're not in the Midwest, you'll need to put in extra effort to build relationships with Chicago bankers. Start early and be consistent.

5. Actionable Tips

• Network Aggressively: Reach out to alumni and professionals in Chicago IB. Focus on building relationships with people at your target EBs and BBs.
• Tailor Your Story: Be clear about why Chicago IB fits your goals (e.g., cost of living, take-home pay, future plans in NYC).
• Leverage Career Services: Use your school's career resources to identify Chicago opportunities and connect with recruiters.
• Prepare for Interviews: Chicago offices often look for candidates with strong technical skills and a clear understanding of the Midwest market. Brush up on financial modeling and industry-specific knowledge.

6. Exit Opportunities

• Chicago IB offers excellent exit opportunities, especially if you're at an EB. Many analysts place into top private equity firms (e.g., Madison Dearborn, GTCR, Silver Lake) or other prestigious roles.

In summary, recruiting for Chicago IB from HYPW is realistic, but it requires a focused strategy. By networking effectively, tailoring your story, and targeting the right firms, you can position yourself for success. Good luck!

Sources: Top Chicago IB, How is UChicago IB recruiting?, Chicago BB and EB Ranking, Top Chicago IB, Is Chicago IB Pay Lower than NYC?