How is NYC IB recruiting at UNC Chapel Hill?
Currently a high school senior and will likely go to UNC for financial reasons. How is NYC IB recruiting there? I know UNC is an absolute powerhouse for Charlotte, but I can't find much recent information about placement in NYC. In addition, is OCR targeted mostly toward the Kenan-Flagler Undergraduate Business Program? Would majoring in something other than business put me at a disadvantage?
As a current UNC student, I can speak to this.
Short Version: Work hard and network and you'll have a a great shot
I will define a target as to that the bank takes several kids reliably for IB each year.
GS: Target (NYC) Paul Parker comes each year and (from rumors) hand picks a few people in addition to the normal hires. MS: Target (NYC) JPM: Target (NYC)
BAML: Target (NYC) Target (CLT) CS: Non Target (NYC) Target (Raleigh; Tech) DB: Non Target in the past but a target now. Specifically told this by DB MD. They also had a huge increase in SAs from 2019 to 2020 to reflect this change (NYC). Target (Cary NC; Tech) Citi: Semi in the past, Non Target now (NYC) Barclays: Non Target, but some helpful alumni in NYC and SF who are willing to pull for UNC students UBS: Not actually sure about this one. But I think it’s Target/Semi Target (NYC)
Wells Fargo: Target (CLT). Most Wells positions are in Charlotte period.
Non Target for all EBs. A few get it though.
We actually get some MM PE. A few have done BX straight out of undergrad.
That being said, networking is a HUGE plus here because most banks don’t hold OCR or on campus resume drops. Those are done through handshake typically. As such, most IB hopefuls here don’t actually meet a banker and therefore networking will give you a huge boost.The only bank I remember doing an on campus interview for was MS. Every BB has alumni so you could network in
NYC IB positions aren’t super competitive here for two reasons. The first being there aren’t that may IB hopefuls here to begin with. And the second being, many of those who are, prefer Charlotte since they are in state. That being said, NYC is where the plurality end up
On a tangent, I can talk a little about consulting too, but I don’t know much. We place well in Big 4 but not well in MBB. Consulting is far more competitive here than IB. A significantly higher proportion of my undergrad class was interested in consulting than IB. So that level of interest combined with fewer spots than IB (BB vs MBB) makes consulting far harder.
Hope this helped!
Update: Sorry I completely forgot about the Kenan-Flagler vs Economics issue. Yeah you're at a disadvantage if you're not in the business school. This is because if you are in econ, people will assume you didn't get into business. Econ is also notoriously hard here. Business on the other hand pretty much hands out Bs. Getting an A is a somewhat difficult. I think its like 30% cut off for an A. The B School career services are (IMO) better than the normal UCS.
Update 2: I was totally wrong about the whole b sdchool vs econ thing. You are not really at any disadvatnage.It was true a few years ago, but not anymore so long as you network.
UNC is like Stanford in the sense that not many kids are interested in IB, but those who show interested in finance and NYC as a location can land an IB gig here nearly effortlessly.
The process is a shitshow now, so you may not get your top bank because of timelines, but you can land some BB if you cast a wide net. Don't write off DB, UBS, or CS just because you might see negative headlines on them.