Are All Non-Targets Created Equal?
If a school is ranked in the top 25-50 range of business school rankings, but is not a target school, does that give you a leg up against other non-targets, or do IB/ER/PE/HF recruiters typically draw fine lines between targets and non-targets?
Kind of a stupid question, that I think I know the answer to, but basically what I'm trying to get at is, does everything come down to networking once you're in the non-target territory?
I'm referring to undergrad business schools, btw.
Not all equal. There really isn't a hard and fast line between non target and target schools. Many schools that aren't considered targets by many people still have some degree of recruitment. A bank may not make the effort to go out there and interview people but they'll still have a resume drop, phone interviews and give a few people superdays.
Also, one more question I forgot to address is the non-traditional recruitment process, completely outside of OCR.
For example: Candidate A and Candidate B have identical resumes, other than their alma maters. Both apply to 100 IB/ER/PE/HF jobs and are equally as good at networking. Will the candidate that went to the better school get more responses, simply because it is a school people have heard of, or is alma mater irrelevant once you're outside of the non-traditional recruitment process?
Absolutely not.
They are called semi-targets, and some have outstanding placement for top banks. The fact is that a finance major at Indiana, Illinois, or Notre Dame can easily get the same exact position as a HYPS grad with relatively the same amount of effort.
I'd call Notre Dame a little bit more than a semi-target. http://www.businessweek.com/interactive_reports/ugtable_3-20.html
I'm referring to schools more along the lines of Baruch/Fordham/most good state schools.
And thanks for the helpful responses thus far guys.
Target literally just means the bank does on campus recruiting there. So, CalTech is not a target at most banks, but I doubt you would having trouble getting an interview from there. Not all of the best schools are targets and not all of the best schools are targets.
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