Georgetown Placement
I was recently accepted as a transfer into Georgetown McDonough from my state school and wanted to reach out to this community to learn more about how IB and MBB consulting placement is from the school on Wall Street. Currently my school sends about 10 to NY primarily at the lower BBs and 2-3 to MBB for context so would Georgetown be a significant step up in terms of recruiting and alumni relationships and would I be at a significant disadvantage being a transfer? I'll have to take about about $100,000 in loans that my parents will help me pay back so anything you guys could tell me will be extremely helpful. Thanks!
My view is that it is not worth it. For context, I am someone working at DC MBB (not a Georgetown grad, but see a lot of Georgetown alumni / undergrad candidates), and feel that if you network / grind from your state school, you could equally set yourself up for success at MBB / IB. Will it take more effort on your behalf? Yes. Don't get me wrong, Georgetown is a great school, but I don't think it's worth ~$100K in debt just to get an incrementally better chance of getting an interview at MBB or IB. That's just my opinion.
You could also make the argument that you're in a better position recruiting from where you're at than recruiting from Georgetown MSB (where it's a lot of kids competing for a very limited number of spots at MBB at IB). I know that MBB and banks have quotas and won't take more than the # of spots allocated for Georgetown students.
I would disagree with this completely. I think it is ridiculous to go into recruiting solely focused on landing a MBB consulting / BB IB gig.
You have to cast a wider net. Georgetown MSB students have access to countless non-BB IB and non MBB consulting gigs. At the end of the day the skillset being acquired is similar and so is the compensation. While it may be challenging to land a BB IB / MBB consulting gig, if he goes to a state school he will have a tremendously uphill climb in terms of just breaking into investment banking or consulting until and unless he can satisfy several diversity quotas. Georgetown will open a lot more doors, since they have alumni in front office roles at nearly every single firm you can think of.
I did my undergrad at a top non-target in the northeast and my grad at Georgetown. The number of opportunities I had access to are not even comparable (and GU is not even a M7 program), and from what I know their undergrad recruiting is actually far superior to their grad level recruiting. Even so I had multiple offers several months before graduation (VC, BB IB, HF, MM IB). And I pretty much got an interview to everywhere I sent an application (not a DEI applicant btw). In undergrad, I virtually got no interviews, and my school had a career center where no one had a clue about IB/PE/HF applications / career strategy. Many of my classmates had a similar experience. I luckily stumbled upon WSO otherwise no chance I could have broken in.
Is the term “top non-target” a term the kids use these days? Is that like being the #1 loser?
How did you go from MBA to HF? Did you have prior relevant experience?
What state school is it - kind of sounds like UGA? Georgetown is a top target, it hits above its weight and is just a tier below HYPSW in terms of recruiting. They have tons of alums on the street who will fight for you.
You're not at a disadvantage transferring, but you need to get rolling the second sophomore year starts - join clubs and get involved on campus, networking, etc. Hopefully your GPA is strong where you are now.
$100k is a lot of loans, without it I would say transfer without question. How much would your parents help you pay back? If they'll give you like half of that I would definitely transfer, that won't be hard to pay back in a few years
My parents are upper middle class so they'll help me pay most of it off in a few years. I do have a 4.0 where I am right now. It isn't UGA but a similar caliber school further south.
Following
Bump
Georgetown's investing clubs placed extremely well this year for SA 2023, that's all I'll say
Which clubs? What are some of the placements?
I'm in GUSIF (the student investment fund) and in the last 3 SA cycles, some notable ones off the top of my head:
10+ to Blackstone, 7+ to Evercore M&A, 2 to KKR PE, 2 to HL RX, dozens to GS, MS, JPM IBD. Have placed a handful at Lazard, PJT, PWP as well.
I know GUIO (the Investment Office Interns) and GPS also place very well across PJT RSSG, EVR M&A, and the buy side.
Hope this helps give some context.
From LinkedIn, for SA programs GPS has 4 Evercore M&A, 1 Morgan Stanley IBD, 1 Point72 Academy, 1 Coatue. They're a 10 person club. The other person is accurate on GUSIF--they send 5 to Blackstone every year, but in SP or BREDS (not PE)
Hey- Georgetown MSB grad. alum here. Extremely happy with my with my experience.
I had multiple offers well before graduation (MM IB, BB IB, VC, and HF).
I took out loans to go there, and I would say $100K is a no brainer, considering the lifetime value of GU's networks is easily multiples of that.
YMMV. I would transfer in a heartbeat.
Would you say undergrad would be similar in terms of placement?
100%. Undergrad recruitment is extremely strong.
.
All placements:
https://careercenter.georgetown.edu/about-us/senior-survey-outcomes/
graduated from Georgetown and can say that the opportunities are there if you take the initiative. a state school is just as great but having a larger alumni network can be helpful in the long run
How important were the finance clubs at the school for IB recruting?
i never joined the intensive application required clubs that are the "prestigious clubs" on campus with many alumni at top banks; decided to take a chill path w clubs and still fared out fine for recruiting but had 2 solid internships in undergrad
I also went to Georgetown, had a great time there, am really grateful for the opportunities that I it offered me, etc. etc.
However, I just don't know if taking out $100k in loans for undergrad is really advisable for *any* school.
What if you do land your "dream" job in IB or MBB consulting and hate it (let alone if you get unlucky and don't get it at all)? Your options are really limited with that kind of debt.
Can I ask how important clubs were for IB recruiting?
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