Possible to recruit for Chi out of Penn vs NU uchicago ND etc?

I have family in Chicago and lived there for 2 years growing up. Was wondering if it is worth recruiting for Chicago banks as a rising soph out of Penn. 

Seems like close to zero people from Penn go to chicago as NYC / west coast tends to dominate.

Thoughts?

2 Comments
 

Recruiting for Chicago banks out of Penn is definitely possible, but it may require more effort compared to schools like Northwestern, UChicago, or Notre Dame, which have stronger regional alumni networks in Chicago. Based on the most helpful WSO content:

  1. Alumni Network: Schools like Northwestern, UChicago, and Notre Dame have a more established presence in Chicago finance, which can make networking and securing interviews easier. However, Penn's strong overall reputation and alumni network in finance can still open doors, even in Chicago.

  2. Networking: Since Penn students typically target NYC or West Coast opportunities, you may need to proactively network with Chicago-based bankers. Start reaching out to alumni or professionals at firms like Baird, Lincoln, William Blair, and Piper Sandler, which are prominent in the Chicago market.

  3. Effort and Timing: As a rising sophomore, now is a great time to begin networking. Many bankers suggest starting early to build relationships, especially if you're targeting a less common region for your school. Be persistent and clear about your interest in Chicago.

  4. Feasibility: While fewer Penn students may end up in Chicago, it’s not a limitation if you have strong credentials and make the effort to connect with the right people. Chicago banks are open to talent from top schools nationwide, and your family ties to the city could be a good talking point during networking.

In summary, while it might be less common for Penn students to recruit for Chicago, it’s absolutely doable with focused networking and a clear strategy.

Sources: Chicago SA Recruiting - 2021, Why not Chicago over NYC?, Recruiting from Chicago IB to NYC PE - how difficult?, Is Chicago IB Pay Lower than NYC?, Is Chicago IB Pay Lower than NYC?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Natus velit vel eum ipsa error odio. Sit laborum et earum recusandae est consectetur. Dignissimos nam dolore doloremque dolor ab reprehenderit exercitationem pariatur.

Ea pariatur sint nihil dolor. Autem sint quis enim incidunt amet. Sit magni in est quae.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”