Numbers from the Ivies?
Anyone know how many kids from the Ivies (a rough estimate, a ballpark, a complete guess may do) enter Wall Street in a decent year?
Anyone know how many kids from the Ivies (a rough estimate, a ballpark, a complete guess may do) enter Wall Street in a decent year?
Career Resources
1200-1500?
Figure - an average class is 1500 or so - majority goes into law/med school/consulting - may be 150-200 kids per school?
Are we talking only undergraduates?
that was my assumption
Yes, only undergraduates.
From Princeton, around 100 entered IB, around 60 entered "other financial services," and around 50 entered consulting (in the past, up to 90 per class have entered consulting, don't know why it's dropped since then). Class size is ~1200.
According to the NYT, a third of Princeton undergrads went into finance.
http://www.nytimes.com/2010/12/26/business/26excerpt.html?pagewanted=2&…
(Not that randombetch is wrong. Just offering another data point.)
Hmm we get this packet called "Grading at Princeton" which explains the effects of grade deflation and how it's not hurting our job chances, and it explicitly lists the actual numbers of students who went into law, medicine, IB, other finance, consulting, non-profit, etc.
Also, NYT has screwed up other numbers before. They ran a story on grade deflation and published that our average GPA is 3.4, which is not true (that's our median GPA, our average is a 3.28 since the GPA distribution is negatively skewed).
Oh, that explains everything lol. Should have read this before posting.
I found the thing by the way: http://www.princeton.edu/odoc/faculty/grading/faq/
On average, about 150 go to finance each year. Keep in mind that around 20% still aren't employed by graduation time. I guess if half of them ended up going into finance, then around 1/3 of Princeton kids go into either finance or consulting, but that's quite a stretch. NYT sucks.
From the tables: 142+101+82+19+27+278= 650 who work or want to work when they graduate. 113 went on year-long fellowships 147 went to grad school 123 went to med school Probably around 70 went to law school
Adds up to 1110, so 90 did something unknown or just weren't counted.
Since Princeton has a smaller class size, but is slightly more conservative than Harvard/Yale/Stanford, I'd guess around 150-200 kids from each of those school enter finance as well. ILONELYGUY had a really great estimate IMO.
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Usually in the employment statistics provided by the college, the category breakdown is based on employer, not the job role. In other words, that 100 in IB are those who work for investment banks, and can include IBD. S&T, AM, PWM, and MO and BO roles (if any). Out of that 100, I would guess 50 - 60 are IBD.
Yeah, monetarist001, I thought numbers were much lower than 150-200 for BB IBD, based on #s I heard through the grapevine at my school. There is no question that GS/MS/JPM internships and jobs are quite difficult to get, then.
OP, i think someone sent this around before, but I'll repost...
Penn does a nice job of reporting career decisions via survey results. See link here:
http://www.vpul.upenn.edu/careerservices/undergrad/reports.html
You'll see from each year and each undergraduate school who went where and what they were paid. They cut the information in interesting ways -- in terms of people going into finance, be sure to combine figures from all the undergraduate schools.
^nice. Should one expect similar numbers throughout the Ivy league, or numbers more skewed towards HYPW?
numbers are significantly more skewed towards wharton, harvard, and princeton. yale numbers aren't anything special though.
Depends on definition of Wall Street. If you're referring to financial services in general then it's much higher. If you mean BB FO, numbers are lower.
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