Hiring during Covid - Current Situation
Currently looking for jobs in IB/ER/Corp Fin and haven't heard back from a single job application in the past 2 months. I had one phone call with ER but nothing. How has it been for others so far (entry-level) and how is hiring going to change in the months to come? I am on the west coast where the lockdown seems indefinite. Any info from people in banking and F500 insiders would be helpful. Thanks.
I would go on LinkedIn and check out how many alumni are working at banks in NY for each school, just to see if there is a major difference.
YOu need to newtork with people, not just submit online apps. No one is checking those right now honestly. People have more time now bc of this pandemic so email people and ask to talk. People sholdb be more receptive to talking to you!
It's a sin for WSO, but I don't look favorably at networking at the entry level since it almost seems like begging. I know that networking gets you in front of the competition, but my question is mostly related to how are companies recruiting now. I was getting 5-7 phone screens 2 months ago, now I get none.
Okay I found ~300 UNC vs ~250 UCLA for BBs
wait did you actually count all of the people on LinkedIn? lol
Cant be right... I found 680 UCLA alum for Goldman, JP Morgan, and Morgan Stanley alone
@Cali2002"
if you're from California, and have some aspirations of working in CA one day, I'd say the choice is UCLA. Roughly 1/2 of the alumni end up in LA, 1/4 in SF, 1/4 elsewhere. UCLA is a better brand, NYC recruiting is decent, it's better recognized globally, and Westwood is an excellent college town.
I don't really want to work in California. I've lived here my whole life.
So you'd say UCLA has better NYC than UNC?
Edit: But I'd prefer Cali to Charlotte
No, UNC is much better for NYC
I don't really know. UCLA is pretty California-centric, but with such a large school I'm sure there's NYC alumni as well. But if the goal is to get to NYC, then perhaps neither school is all that ideal. IS this for undergrad or MBA ? If undergrad, you can transfer. If MBA, don't go to either. Wait a year and re-apply.
Currently a sophomore at UNC. UNC has a strong alumni base on Wall Street. I know a lot of people at UCLA prefer to stay in the west coast, but they also have a presence in NYC.
Both schools seem comparable in many ways. As mentioned above, UCLA probably has a slight advantage when it comes to brand/prestige. However, UNC probably has a slight advantage for NYC IB.
I guess it comes down to if you want to be on the West Coast or the East Coast.
I prefer East.
Being a UNC student, do you think you'd be able to comment on the finance curriculum at KF?
Also unrelated, but is the housing as bad as people say? I was looking at Granville Towers and heard they have a mold problem, and so did some other dorms.
If you prefer East and think you'll enjoy your time at UNC, it's a no brainer. If you work hard, you'll make it to NYC.
At KF, everyone is a Business major/minor, but you have the chance to take whatever electives and pick up to two concentrations (area of emphasis). I haven't taken many finance specific classes yet, as you don't really start the full schedule until junior year. There's a ton of finance courses, from the basic corporate finance that you're required to take, to electives on more rigorous LBO modeling, Check the academic catalog for the full list- it touches just about every aspect of finance you can think of.
Depends on what you classify as bad. I lived in a dorm freshman year and loved the experience. It's not super nice, but that's part of college. If Granville had mold, they probably fixed the issue already.
At KF, would probably choose UCLA. High finance courses don't really matter (bc training), it's cheaper, better known outside of finance (also LA/SF as a backup to NYC is way better than Charlotte/Atlanta), and overall a better campus. You're an incoming freshman, there's no way you're dead set on IB, so imo it's best to have a wider breadth of options.
UNC is your best bet for NYC BB
I think you answered your own question when you said that you would enjoy classes and the environment more at UNC. Both schools are comparable in recruiting, but college is also arguably the best time of your life. Go to a school where you can enjoy the next four years of your life and have a good time, instead of it being a constant grind.
Is money an issue? If not, I'd go to whichever one you liked better when visiting. Can't really go wrong career wise with each. Fratnerity life is very good at UNC and I know alot of buddies have fun there. Not sure about UCLA, but its in LA so I assume the bar scene is pretty good. Can't go wrong with either social life. Pretty sure fraternities are good at both.
UCLA is a better school overall (it's the #1 ranked public school in the country) but sounds like your heart is in UNC. Go there and best of luck!
I go to UNC, its pretty easy to land NYC BB from here. Going to a mid-tier bb for the summer in NYC, feel free to message me if you have any questions on recruiting, campus life, Kenan Flagler, chapel hill etc.
I went with UNC here because, although I personally would choose UCLA with the somewhat stronger brand name and broader range of opportunities (like an engineering school), it really sounds like you're drawn to UNC. I loved the environment at UCLA when I spent some time there, but that's by far its greatest appeal here. If you like the overall environment of UNC more, then UNC it is.
Considering your goals, UNC was the right decision. Congrats!
all the answers above are petty accurate. Just FYI, UCLA is quite a target for tech firms... so think about it in case u r not dead set on finance
If i was in your shoes I would choose UCLA. Why? Because in-state tuition will put you less under the thumb of student loans. That buys you flexibility later.
UCLA is a very well-respected brand. There's plenty of access to Wall Street or CA-based ibanking in LA or SF. I believe any diligent UCLA student who contacts WS alumni would be taken seriously.
So I'm not so convinced that the UNC option would necessarily, simply by virtue of geography, position you better for WS opportunities. That said seems either school would probably help you accomplish your goal.
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