Just switched firms and landed myself in a group with a few BYU alumni, I have worked with some BYU alumni before but this got me searching on LinkedIn and I found there to be quite a few people in IB from BYU. Even some BB and EB MDs/VPs are from BYU. Does anyone know what there recruiting looks like and if they would be considered a semi-target?
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Current BYU student here...I'd say we are pretty close to a semi-target. We typically place around 25-30 students each year into IB. Which is a good amount considering we have only ~200 kids in our Finance program, and most end up doing Corporate Finance.
Recent Peak Frameworks article listed BYU #17 for total IB hires, for what it's worth. https://www.peakframeworks.com/post/ib-target-schools
While we obviously do not place anywhere near the amount that traditional targets or even large semi-targets do, we have definitely punched above our weight and developed a few solid processes with a variety of Banks (B of A Palo Alto, Lazard, Goldman, MS Menlo, Rothschild NY, Barclays Menlo, CS...formerly lol, RIP).
Overall, a solid school that is decently respected across the Street, great bang for your buck for anyone looking to break into IB. It'll be harder to get an offer than going to Harvard or Wharton obviously, but tuition is so cheap (around $7-13k/year), that it is a great alternative.
Not a BYU guy - definitely a semi-target
mormons pull for each other and there’s strong representation in NY / LA / SF
not a whole ton in Chicago / Houston / Atlanta from what I’ve heard
This.
This is also why they have massive representation in politics and any other "high profession" as well despite being a niche sector of our country's population. Mormons are a high values-oriented society that emphasizes hard work and goes out of their way to help each other out. Despite BYU not being the most academically renowned school, students from BYU 'mysteriously' show up across finance, tech, politics, etc. and it is largely because of the strength and quality of their network.
Much like Jewish people, Mormons make up less than 2% of the American population (idk how many Jewish ppl we have in the US) yet they are more well-represented in these "high professions" than some of the other ethnic groups in our country and it comes down to die-hard unity and damn good culture.
Not a mormon and would never want to be one but I definitely respect the sh*t out of them.
FWIW Mitt Romney is a mormon and he founded Bain Capital, he also transferred out of Harvard to go to BYU if that's any indication of how important the religion and community are to these people.
Adding to this, as a BYU student involved in 2024 SA recruiting, I can’t really recall an alumnus ignoring my emails this year (I would assume this isn’t characteristic of most universities, but idk). This is because at BYU, there's a shared belief that once you break into the industry, your almost expected to lend a hand to those coming up behind you (would add that club leaders and faculty place massive emphasis on being totally polished before reaching out to alumni).
This tradition helps us build a strong network that grows each time a student places in a new shop. For example, one of us landed Qatalyst a few years back, and it seems that now they're open to taking a BYU student every year.
A unique aspect of our student body is that many of us spend 1.5 to 2 years away from home when we're 18-19. This experience helps us develop qualities that employers appreciate. Some even say it's tougher than a two-year stint in banking.
Whenever I thank upperclassmen and alumni for helping me secure an offer, they usually respond with, "I'm just giving back what was given to me. Now it's your turn to pay it forward." There's a strong sense of unity at BYU and in our faith, which helps us do well and, hopefully,
stand out. I’ve never had an interaction with an alumnus or student that claims to have gotten where they are purely out of their own efforts (even if they did).
BYU is a target for soaking and semi target for IB. Do what you will with that information.
BYU has an entirely different recruitment process than most semi-target/target schools, which makes bucketing hard (if it even really matters). Certainly considered a semi-target by banks within the purview of its alumni network.
BYU is paradise
They seem to do pretty well in PE recruiting as well. I know a BYU grad at most buyout shops in SF. Definitely the sticky network that helps them in recruiting
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