Best Finance/Business Clubs at U.C. Berkeley??

I was recently accepted to Berkeley's GMP program (direct admission to Haas). I was just wondering which finance/business clubs at Cal place best when it comes to IB recruiting. I don't think I'm going to rush any business frats, but I would like to hear a little bit about that as well. I heard akpsi is considered top-tier these days after dsp went underground but would like to hear from current students. Thanks in advance.

 

Don't y'all go to London your first year (assuming that's postponed bc of Covid?). Just my thought process, but wouldn't it be a little difficult joining these clubs if you aren't around to participate in them?

PS. Berkeley Investment Group is good, as well as AKPsi.

 

If you're looking for pure-play finance clubs at Cal, I'd look into: Berkeley Finance Club, Berkeley Investment Group, UFA|UMCG, Capital Investments at Berkeley, or Chinse Finance Club.

If you're looking for general business/consulting clubs, there are many of them. Check out: Berkeley Business Society, Berkeley Consulting, the Berkeley Group, Voyager Consulting, and many others.

You said you're not too interested in Business Frats, but the main ones are: AKPsi and BAP. DSP was big at Cal until, as you pointed out yourself, it was shut down for hazing. They still operate underground under the name "Rho," but it's become ultra secretive. They avoid all attention now to hide their operations from national.

In general, you can go to the Haas website to see which clubs are Haas-sponsored.

Hope this is helpful and Congrats :)) Go bears

 

If you're looking at it in terms of sheer numbers and placement for IB and consulting, the career pages of the orgs give you a good indication of how they're doing (also compare this with the # of people they take). Here's a breakdown for 2020 FT and Interns for the top firms:

DSP / Rho: 7 GS, 4 MS, 1 HL RX, 1 Evercore, 1 Lazard, 1 Moelis, 3 McKinsey, 1 Bain

AKPsi: 2 GS, 1 MS, 2 JPM, 1 CVP, 1 Bain

BIG: 3 GS

Hope this helps!

 
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I'm just going to preface it by saying that I am a few years removed from college. I graduated from Cal a few years ago and did my analyst stint at a BB in NY. If I had to do college over again, I would go with DSP. They absolutely murdered the competition when I was in school and seems to still be doing well right now despite their circumstances. Now that I've exited banking, I've come to realize that all the Cal alums at the good buyside shops are people from DSP. Look, you have to realize that banking recruiting is easy. Anyone with half a brain cell can get into a decent bank. Post-banking exit recruiting is whole another animal. When I was recruiting, I remember one of the high profile buyside firms was almost entirely composed of ex-GS DSP alums, so it seems like that network transcends past your immediate post-college job and further into your career, which is unheard of. Word on the street is that they've gone underground, but from the looks of it, it looks like that they're still destroying the competition regardless. Not surprised though. I met one of the brothers a few months ago in NYC and he was one of the smartest and most charismatic guys I've ever met. Really intense and hell of a drinker too, think he's going to GS.

 

It's certainly a bit harder because Cal is considered a regional target. That being said, if you come to Cal and work hard, you'll definitely get looks from NY firms. My firm didn't do OCR at Cal, but we definitely pulled Cal kids who proactively reached out. A lot of the time, the west coast office shoots over a candidate to us if they expressed their interest in NY instead of the West Coast.

 

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