How much does school brand help for MM, boutiques in southeast?

I'm at a good target for BB's right below the level of WHYPS (think Columbia, Dartmouth, UChicago, Cornell, Duke). I'm networking through a few people I know in my hometown for middle market and boutique banks in the southeast. I would think that banks in the southeast would be partial to schools like UGA, Vandy, Duke, Tulane, Bama, Auburn, and more. Most people I've talked to think I'm smart for being at my school, but I would think these banks still prefer recruiting at regional schools. What do you think? If the BB IBD doesn't work out, I would be more than happy to work in a MM or boutique in my home town.

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It's often about convincing them why do you want to be there rather than a BB in NY? Are you from the area, have family there? Some of these boutiques in small markets look for ties. I am from one of these in the SE and used to work there and that was my experience.

That being said, people like to recruit from where they go to school, etc. That being said, there aren't too many target degrees in the SE, so you would be competitive if you can show ties or some valid reason you want to be there.

"They are all former investment bankers that were laid off in the economic collapse that Nancy Pelosi caused. They have no marketable skills, but by God they work hard."
 

^^ Strongly Agree. I am a SE graduate and have interviewed at places like Lazard MM in Charlotte and SunTrust RH in Atlanta, just to name a couple, and a lot of the Fit/Behavorial questions were about why I wanted to work in the SE compared to NYC. For your question, school brand should help but having a solid story about wanting the SE will help you more.

 

I too am in the SE, and from what I have noticed in interviews, they are very concerned with finding someone who will stay at least 2-3 years, and not just ditch them as soon as you get an NY gig. Growing up and going to school in the SE has its advantages for applying to these boutiques because you can easily say "I was born and raised here, and have no plans to leave". Also, sev of the offices down here have tons of SE alumni, so that helps greatly.

 

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