Best Wallstreet Feeder Schools ( Per Capita)

There's a plethora of tier lists on this site, but most seem based on opinion. College Transitions made a ranking based on LinkedIn data and is the definitive and most accurate feeder list. Any Surprises?

I think WSO should realize the difference between good placement and large schools with a ton of IB applicants. 

Top Feeder Rankings (adjusted for undergraduate enrollment)

1 University of Pennsylvania

2 Columbia University

3 Harvard University

4 University of Chicago

5 Yale University

6 Georgetown University

7 Dartmouth College

8 Princeton University

9 Duke University

10 Williams College

11 Claremont McKenna College

12 Middlebury College

13 Amherst College

14 Brown University

15 Washington and Lee University

16 Cornell University

17 University of Notre Dame

18 Stanford University

19 Boston College

20 Vanderbilt University

21 Emory University

22 Bowdoin College

23 New York University

24 Colgate University

25 Southern Methodist University

26 Massachusetts Institute of Technology

27 Northwestern University

28 Wellesley College

29 Swarthmore College

30 University of Virginia

Comments (74)

Oct 26, 2021 - 9:13pm
Atlcalling, what's your opinion? Comment below:

I don't but College Transitions does. WSO won't let me post the link because I'm new, but hopefully someone else can/will. 

  • Prospect in IB - CB
Oct 26, 2021 - 8:31pm

No way a middlebury or washington&lee student gets the same job over a cornell/ND/stanford student

Oct 27, 2021 - 5:56pm
ilovewaspybroads, what's your opinion? Comment below:

stanford is a low-mid crippletarget at best, maybe even an inferiortarget. all the schools above it are at least sigmatarget tier+

  • Intern in PE - LBOs
Oct 27, 2021 - 8:23pm

This is adjusted for enrollment, which is true; considering how small of a school Williams is and how many Williams kids I know that get into IB or straight buyside out of undergrad, OP's ranking is accurate.  ND can get you into the same places, sure, but they have a ton more students and a lot of these other students go the Big 4 route.

  • Analyst 2 in IB-M&A
Oct 27, 2021 - 11:01pm

You'd be surprised. Small schools with loyal alumni base that will go to bat for kids. Also smaller school so less volume of kids trying to network and break in

If you're a good candidate from the respective school, alumni will pull you in easily which was my experience

Oct 26, 2021 - 8:34pm
Connecticut252, what's your opinion? Comment below:

I completely agree. Walmart might be the largest company by headcount, but it certainly doesn't attract or produce the highest quality employees. The same goes for colleges/universities. Williams, Amherst, Swarthmore, etc. all produce much stronger students (and any per capita analysis of Congress, Wall Street, academic awards, will confirm) than the largest public universities or largest universities. Look at the matriculation tables of the graduates of the nation's top prep schools, they know where to go.

Oct 26, 2021 - 9:19pm
Atlcalling, what's your opinion? Comment below:

This, is what I wanted to help prove. The Umich, UVA, UCB are targets while Vandy, Emory, Bowdoin aren't, isn't accurate. Large schools with b schools are misleading, especially NYU. Imagine how many Stern AND Arts and Science students are gunning for the 20-30 IB spots given to the school every year. Then compare it to Vandy that has only 100 students applying for 10-15 spots. Its an apples and oranges comparison. 

  • Intern in IB - Gen
Oct 26, 2021 - 9:23pm

Stern easily sends 100+ to IB, and that's not counting CAS. That's literally over 1/6 of their class size assuming everyone recruits for IB (realistically, only about half the students do)

  • Prospect in PE - Other
Oct 27, 2021 - 7:55am

Your analysis makes no sense and this just seems like a way to jerk yourself off. I'm assuming you go to a LAC? Look at where schools like Stanford, MIT, Cornell, Berkeley, Michigan, etc. land. Those are primarily STEM schools that still pump huge numbers into high finance. NYU is massive as well and it's not like bio majors or kids in Tisch or Gallatin (not sure if I hit the spelling right on either of these) are gunning for IB.

Meanwhile UChicago, Georgetown, and LACs barely have engineering programs if they have them at all. It's only a worthwhile comparison if you have number of applications involved from each school.

Oct 27, 2021 - 4:31pm
Jean-Baptiste Say, what's your opinion? Comment below:

"stronger students"

By what standard? 

Also, when was the last time anyone from a LAC went BX/KKR analyst, or PJT/EVR? I've been involved in hiring at both, and I legitimately never saw any LAC resumes come across my desk. Had many NYU/Mich/UVA in fact.

Oct 27, 2021 - 8:00pm
Connecticut252, what's your opinion? Comment below:

You can't be serious. KKR (Henry Kravis, etc.) was founded by Claremont McKenna College graduates. It's a school of 1,300 total students. By contrast, UMich/UVA each have 20-30 TIMES that many students, so obviously you'll see more applicants from these massive schools...

Williams, Swarthmore, etc. even CMC all dominate schools like UMichigan and Notre Dame on per capita outcomes. Take Nobel Laureates, Rhodes Scholars, Fullbright Scholars, etc. For example, Swarthmore is top 5 in the world for nobels on a per student enrollment basis.

Most Helpful
  • Analyst 1 in IB - Cov
Oct 26, 2021 - 8:38pm

Interesting list, but I'd be curious to see per capita in terms of number of business and/or finance majors. Like I imagine MIT has a bunch of engineers who have no interest in Wall Street.

  • Intern in IB-M&A
Oct 27, 2021 - 12:41pm

As an Incoming IBD SA to MS/GS from MIT, I can definitively say that this is true; the undergraduate population actually interested in Finance is extremely small (excluding quant), but those who are place ridiculously well. Just take a look through some classic business clubs at MIT (Sloan Business Club, Global Platinum Securities), and you'll have your answer.

  • Intern in IB - Gen
Oct 29, 2021 - 12:59am

Facts - you're basically referring to a person with GPS but yeah amazing placement

Oct 29, 2021 - 4:51pm
10S_Fan, what's your opinion? Comment below:

Only if you consider the role as a Quant not Wall Street... Lol! You are absolutely correct in that most students are less considered with careers in finance. Huge start-up culture though.

Oct 27, 2021 - 8:01am
Smoke Frog, what's your opinion? Comment below:

What's the point of these lists and threads? Wanna get a good job? Don't be an idiot in high school and go to an Ivy or a second tier college, the end.

  • Associate 2 in PE - Other
Oct 27, 2021 - 10:42am

I love these threads, they always devolve into retarded kids insulting each other

Dec 30, 2021 - 12:40am
The Dandern, what's your opinion? Comment below:

Yep, some people have an inferiority complex from not going to XYZ school and it really shows

Oct 27, 2021 - 1:12pm
ilovewaspybroads, what's your opinion? Comment below:

Youre dumb as fuck, you forgot to adjust for # of kids interested, some goober at MIT thinks finance is below him, while big bschools like Ross and Stern attracts all the hardo kids who wants to major in business over econ because its full of bullshit and easier to get a 3.7+ GPA, plus some kid from Nevada isn't going to go through the hassle of attending superdays and networking as a Stern hardo for example

Oct 27, 2021 - 1:14pm
ilovewaspybroads, what's your opinion? Comment below:

Plus nepotism, all the kids who want to get shitfaced in college because their dad's a MD at a BB isn't gonna go to some school with a shit social scene, they're heading to UVA/UMich, because they're guaranteed internships even if they go to 3rd tier colleges

Oct 27, 2021 - 1:16pm
ilovewaspybroads, what's your opinion? Comment below:

Plus higher ranked schools LinkedIn data are bloated because of kids who attend summer programs or online courses, or an exchange semester is going to add Harvard to his LinkedIn and blow the data up, while nobody is going to put a Coursera from UVA or IU Kelley on his LinkedIn

Oct 27, 2021 - 1:18pm
ilovewaspybroads, what's your opinion? Comment below:

The "Actual Global Undergrad Tier List" is still the most accurate one that I've seen posted this year

Oct 27, 2021 - 6:58pm
Connecticut252, what's your opinion? Comment below:

Instead of silly arguments, just look at the college matriculation reports of the top prep schools (Phillips Exeter, Andover, etc.) to know which schools are actually good. Adjust for student body. 8 kids going to Williams (a 1-2K student body) as opposed to two kids going to Notre Dame (20,000 students+ likely) means something... It's a great way to see where the kids that can go basically anywhere choose to go....

  • 3
  • Intern in PE - LBOs
Oct 29, 2021 - 1:06pm

ND has like 8000 undergrad

Oct 31, 2021 - 12:43pm
Connecticut252, what's your opinion? Comment below:

So does that mean ND MBA graduates don't count or exist? Face it. ND is in the midwest. Ask any one from Europe where they'd rather be, the coasts, or the midwest. Even Chicago is not as desirable as SF, Miami, NYC, LA, etc. Just look at the top prep schools and where those kids go.

  • Analyst 1 in IB - Cov
Oct 28, 2021 - 12:07am

Isn't this the MBA forum? Why are schools like Princeton, with no business school, on this list? In addition, is this just IB?

Most of the Ivies on here don't even want to send kids to IB anymore - they all go straight to the buy-side, MBB consulting or tech now. With the new pay raises though, I'm curious to see if Ivies start sending more to IB.

Oct 28, 2021 - 3:09am
Atlcalling, what's your opinion? Comment below:

Here come the excuses. The same site has a "Tech Feeder" list and the ivy's do even worse on that list. Most buyside are not taking that many undergrads, a lot less than IB

  • Intern in IB - Gen
Oct 28, 2021 - 9:33am

We get it, you hate NYU. But since only Stern places out of NYU, you should compute a per capita statistic out of Stern's class size. Then you'll see a significantly higher number and a more realistic one at that. Same with Ross, Haas, etc

  • Prospect in IB-M&A
Oct 28, 2021 - 9:07am

No way Dartmouth is below Yale and Chicago on a per capita basis, especially so if you include buyside placements

  • Analyst 1 in IB - Cov
Oct 29, 2021 - 12:08am

I see a lot of Chicago kids than Dartmouth in quant roles (so not IB, but still), but definitely see a lot more Dartmouth kids in more traditional roles than them. I rarely see Yale.

Oct 28, 2021 - 12:56pm
IncomingIBDreject, what's your opinion? Comment below:

I think it's worth noting that traditional ranking lists are specific on NYC office. I'm pretty sure that this includes regional offices since schools like SMU are on the list. 

Also as others have said the denominator here is wildly off bc there are a ton of students who have 0 interest in finance whatsoever.


Oct 28, 2021 - 2:51pm
Atlcalling, what's your opinion? Comment below:

True but it's also safe to say the level of interest in finance is fairly consistent at every college thus it balances out. 

Oct 28, 2021 - 3:34pm
IncomingIBDreject, what's your opinion? Comment below:

True but it's also safe to say the level of interest in finance is fairly consistent at every college thus it balances out. 

It's an absurd statement not a safe one.

NYU and CMU do not have the same interest for % of people gunning for IB


  • 1
  • 1
  • Analyst 1 in Research - FI
Oct 30, 2021 - 1:52am

If you really are interested in the truth, adjust by business school or related majors.

Georgetown McDonough, Berkeley Haas, UVA McIntire, NYU Stern, Michigan Ross, etc. are more relevant, "per capita."

Ross is a fraction of the size of Mich but accounts for over 60-70% of their FO placement. What a dumb post 

Oct 30, 2021 - 2:59am
Atlcalling, what's your opinion? Comment below:

You can do the math in your head and still tell your math is wrong. Ross, Stern etc are two times the size of Williams and Amherst and most students at LAC's aren't interested in finance. Also, you can argue most IB placements out of Emory, Notre Dame come from their business schools too so it balances out. 

Oct 31, 2021 - 12:45pm
Connecticut252, what's your opinion? Comment below:

I'm fairly confident that any in-state high school student in Michigan can basically get into UMich with far less than stellar academic achievements. 

Oct 31, 2021 - 2:45pm
Stockerball, what's your opinion? Comment below:

Qui sed aut laborum mollitia magnam repellendus. Quo totam dolores saepe labore quis voluptatem. Qui officiis officiis cupiditate consequatur quod sed consequatur. Consequuntur inventore enim assumenda doloribus.

Start Discussion

Career Advancement Opportunities

May 2022 Investment Banking

  • Jefferies & Company (▲03) 99.6%
  • Bank of America Merrill Lynch (▲03) 99.1%
  • RBC Capital Markets (▲06) 98.7%
  • Lincoln International (▽02) 98.3%
  • Houlihan Lokey (▲07) 97.9%

Overall Employee Satisfaction

May 2022 Investment Banking

  • Jefferies & Company (▲12) 99.6%
  • Rothschild (▲02) 99.1%
  • Truist Securities (+ +) 98.7%
  • Greenhill (▲06) 98.3%
  • Houlihan Lokey (▲07) 97.9%

Professional Growth Opportunities

May 2022 Investment Banking

  • Jefferies & Company (▲04) 99.6%
  • Bank of America Merrill Lynch (▲06) 99.2%
  • Lincoln International (▲03) 98.7%
  • RBC Capital Markets (▲08) 98.3%
  • Houlihan Lokey (▲06) 97.9%

Total Avg Compensation

May 2022 Investment Banking

  • Director/MD (9) $661
  • Vice President (36) $393
  • Associates (179) $247
  • 2nd Year Analyst (109) $161
  • 3rd+ Year Analyst (17) $156
  • 1st Year Analyst (348) $148
  • Intern/Summer Associate (73) $146
  • Intern/Summer Analyst (272) $91