How does IU Kelley place so many kids?
IU Kelley is a total joke but they have placed well over 100 kids this year in banking roles at mostly pretty good firms. Given that the school is a non-target how are they getting so many kids in the door and beating out other higher ranked schools.
IBW, plus they are a target to some firms such as Moelis. They even send some kids to Qatalyst. The actual Uni (IU) isn't great, but the b-school is pretty solid
Yeah the uni may be like 60th or something, but the undergrad business program generally has ranked top 10 ish, it's #8 or 9 now I think?
Facts
Wild, it's almost like college rankings don't mean shit for recruiting and that these categories we've made on WSO of nontarget, semitarget, and target are generalizations that are often too broad to capture the nuances of individual schools' alumni networks and reputations among banks....
Nah, can't be
Nuance??? on my WSO???? get outta here
Because white and Indian kids say they’re black/Hispanic
Because maybe WSO isn’t gospel. The IBW has on campus recruiting for BAML, Moelis, PWP, Blair, Barclays, Citi, Lazard, Jefferies, Houlihan, and others I’m missing. Not to say all of these are IU ultra target feeders but they come on campus with multiple alumni who are passionate about getting IU kids into the firm. The entire IBW curriculum is a class on how to ace interviews and network going into recruitment. With that many firms and just the sheer amount of alum from a business school with classes of 2k kids it’s inevitable to place kids.
The IBW club; PSU is another state school that comes to mind, they place students fairly well on Wall St due to Nittany Lion Fund thing.
Honestly though it's also just numbers. Those schools have, what, like 50,000 students enrolled? So 50-100 students going into finance gigs isn't exactly that impressive considering that's such a fraction of the student body as opposed to a top private or ivy league.
50,000 arent business students though. Not to take away from your statement-- it is not like Iu is an ivy, but to say 100/50,000 rather than 100/500-600 kids who apply to the workshops or try to take the pre-requisite class kinda seems biased.
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source on the acceptance rate/SAT? That doesnt seem right
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this makes no sense because Kelley doesn't have an "acceptance rate" you are simply allowed into the school or not based on your high school stats
That's for direct admit. You can apply to kelley after your freshman year - significantly harder IMO given the pre-requisites you need to do well in prior to applying.
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I think IU has 3 workshops now placing into IB
IBW is a target
Non-IBW is barely a semi target. Theres a pretty big difference in recruiting if youre not in IBW
Pretty accurate. With the IBW, its a solid semi, but without, it barely scrapes by as a semi.
Because life ain’t fair man. Life is full of successful people that went to crappy schools. Ivy League gives you a head start and allows you to easily knock on doors, but you still gotta walk through the door and work hard and grind.
Plus sometimes you want to hire the kid whose a little less smart, but is hungry and has a chip on his shoulder.
That kid will carry the water for you without being a pussy about it.
This pretty much sums it up. Lots of hungry first gen college students and first gen Americans.
Also, I heard that 400 people applied for the IBW, and only 80 were admitted. If Kelley has acceptance rate of 49%, and IBW accepts 20%, then the 80 kids in the IBW are the top 10% of Kelley. This is a conservative estimate. You have to have a 3.6 GPA to even apply to the IBW. So there is already some filtering before the 20% acceptance rate. If enough people apply, some people are bound to land something.
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Another 40 for the Investment Banking Seminar and another 30-40 in CMBW doing capital markets
They know when to use question marks?
Also the IBW prereq F210 helps kids learn the technicals. So kids who aren't in the workshop can still place at great firms if they grind hard enough.
If I had to guess, including IMW (workshop for kids interested in PWM, ER, S&T, and AM), each year IU probably places 140 - 150 kids in front office roles each year.
I work at GS/MS/JPM in a top coverage group and I still have not met an IUK kid nor is there one in my IBD analyst class, so...you'd think I'd run into at least one between my banks and my deals where I worked alongside other banks.
They don’t place well at all for MS and GS. Have heard of a few at JPM
we have 2 people starting full time this year at GS NY? and a few interns for 2023. We also have a few interns at JPM this and next summer. no MS tho
2 MS confirmed next summer
Somehow they place at JPM, Moelis, Q, PWP, Citi, and Evercore. Just mind boggling.
I never met an IU grad until moving to NYC and I met a whole group of them there. Some IU friends even had a pad with a private backyard pool in Murray Hill that was passed down among IU grads.
maybe because we’re not losers who’s entire personality trait is banking 😭 we actually know how to speak coherently to other humans which goes a long way
Lol at IU your entire personality and life is banking as a college student. I was an IU student
most people I've kept around myself at IU knew when to turn off the finance switch but that's a personal experience I guess
That one's on you man. Plenty of Greek life folks go on to place well
Is there any chance you can DM me? I am considering IU Kelley for MFin and would be nice to get some info from a graduate. Thanks
IU kelley is a factory pumping out identical clones of salesy kids with perfect interviewing skills like robots. honestly all the same. must be a great workshop
Can MFin students join those clubs tho?
IBW is undergrad only but I had a colleague who participated in a similar program at Kelley as an MBA student, not sure of the name though
Maybe they’re not a joke…if they are, what’s a higher ranked school that places less?
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