Stern and Wharton for IB...a huge difference?

"Average" student at Wharton will get more interviews in IB than a good student at Stern, unless "good" is truly exceptional and becomes more like "uber-good"

Top students at Wharton go to buy-side. Top students at Stern go to Goldman.

Overall the number of firms investment banks that recruit at Wharton vs. Stern is inconsequential. If you're a top candidate at both schools you'll get interviews.

If you perform well at Stern, your opportunities will likely be similar to a slightly above average student at Wharton.

I mostly agree with all of the above posters. While the top kids at Stern generally don't get looks from buyside shops for SA positions, they definitely can make the move for FT after the summer.

Top students at Stern end up at BX M&A, GS TMT, GS FIG, Evercore, Centerview, Lazard, Moelis, Greenhill, Perella Weinberg, etc.

I am quite familiar with Stern placement, and while they do place at some of the top IBs, there is virtually zero buy side placement. Furthermore, you might find one candidate from stern at each of those top groups. I know from two years back literally one person placing in Goldman TMT, and one person getting an offer at Greenhill. Out of a class of 500 or so, those are very low numbers.

What I see a lot more of out of Stern is placement at Citi, Barclays, a handful at JPM, etc.

Most of the above posters are just spewing b/s. The whole average @ Wharton = Above Average @ Stern is simply people trying to pull the prestige card.

If your end goal is to be an investment banker then Stern is the place to be. Stern gets recruitment from not only all of the BBs but also all of the boutique firms as well. I'd argue that it places better than any other school including wharton for IB positions b/c of the attention that it gets from small banks. Also b/c you are in NYC and will presumably have many internships under your belt by the time you graduate and it's really hard to deny people w/ good experience. Many of my peers at Stern are interning at hedge funds, pe firms, am funds, and investment banks during the year which gives their credibility a tremendous boost. Add to that the fact that you can network limitlessly during the year - Stern really provides you w/ a ridiculous experience.

As for Buy-side recruitment - there is an increasing amount of buy-side recruitment as some seniors do tend to go the hedge fund route. Hedge Funds are more actively recruiting Stern Undergrads. PE after undergrad is not really an option as to do pe deal experience is very important. Wharton does send a handful of students to PE firms thou. However if you play your cards right at Stern you are better off that 99% of Wharton kids - B/c you will have a 4 year headstart w/ regards to building a network & a killer resume.

Monkey shit for qwerty for being flat out wrong. I know more kids from stern than he ever will and let me tell you he's a fucking moron.

My cousin is a stern senior and I've visited him many, many times and become very familiar with the school. All the BBs do not recruit at stern. All the elite boutiques do not recruit at stern. Yea lots of those kids have internships throughout college but they usually do bs work while they're there so it's not a great learning opportunity. Keep in mind that when banks do OCR at stern, there's an expectation that candidates will have some internships on their resumes because they're in NYC so that advantages cancels itself out.

The only fair point in qwerty's post is that stern kids have a lot of opportunity to network. The rest of his post is wrong.

There is absolutely no reason to call anyone names. I'm just stating my observations.

From looking at CareerNet and talking to upperclassmen about 25+ Investment Banks in addition to the BBs (The only BB that does not actively recruit is Deutsche Bank and yet you will still find many alumni there) does OCR at Stern for AM, S&T, ER, IB - you name it. Also just b/c a bank does not do OCR does not mean we don't have alumni there or that getting an offer there is unattainable.

There is nothing wrong in what I'm saying. With regards to BBs - their hiring process is very structured and they have quotas for schools for pretty much all target schools. BBs are obviously not going to take all of its analysts from 1 school, but you will see that NYU ( Stern & Other Schools) by sheer numbers is one of the most dominant schools at these banks. If you use LinkedIN to see how many people are at the BBs in all different positions you will notice that Stern has the most out of any school including Wharton at each bank in NYC.

With NYKnicks point about Sternies doing bs internships - that is not really the case. Some internships will be bs but a large # of them are not. It is not uncommon for Stern students to start w/ a buy-side firm (hedge funds or am funds) starting from their sophomore year and by there senior year convert their experience into a full-time offer and some of these funds are very prestigious funds. The uptick in seniors placing at hedge funds however is a recent phenomenon and more b/c of their own individual drive (networking and aggressively seeking internships) than direct recruiting as hedge funds rarely really recruit directly. Furthermore you will see plenty of Stern students doing IB internships at boutiques during the year and that looks very good during junior fall recruiting. The one advantage that Wharton does have over Stern is Consulting Recruiting as McKinsey & Bain don't recruit at NYU. Rest assured though for the most part finance recruiting at Stern is on par or with finance recruiting at Wharton. You really can't discount how much value is provided by location and as a result networking and internships in finance.

BAML & UBS do recruit at Stern via OCR (Don't know about in the past but they are this year and they did last year as well). The the OP - you can confirm by checking out the NYU CareerNet interview slots to get a good sense of what banks recruit here. Or better yet talk to upperclassmen - I knew upperclassmen that had offers from both UBS & BAML last year via OCR.

I never said that a post = hire. That is a misinterpretation. Recruiting at a school means that a firm will come to that school and accept resumes and interview candidates and if they think the candidates are a fit will give out offers. So yes Blackstone may come and interview but that doesn't mean they will take someone - which i never negated in the first place.

Some banks will definitely have better relationships w/ some schools but recruiting at Wharton is just as competitive as recruiting at Stern. Again, I am in no way saying Stern is a better business school than Wharton (b/c simply put Wharton has Stern beat in other areas eg. consulting) - I am saying if you want to work in finance at the end of the day (IB, ER,etc.) and you put in the work (network, get good grades) then you can get exactly what you are looking for at Stern.

To say that its significantly more difficult to get offers out of Stern than it is from Wharton is ludicrous. Networking is key in finance recruiting and that is a huge advantage that you will have at Stern compared to other school not in NYC - Simply go out and try to meet professionals (once a week or once in two weeks) while you are at Stern and be likeable and keep in contact with them and when recruiting rolls around you will have an enormous advantage over those who will walk into interviews not knowing anyone at that firm.

Lastly I am not delusional - as a sophomore at NYU I have experienced the benefits of going to school in NYC. As as a sophomore I've received interviews from about 9 places while recruiting for semester internships and offers from 5. These include BB PWM, Top Asset Managers, & HFs. Had I gone to a school outside of NYC it would be much harder to do internships and learn as much as I am learning right now as well as to build up stories/experiences that you can speak to in future interviews.

Another piece of advice - Don't waste time roaming these threads too much. Sure its good to get advice to things you don't know about from here but questions like these will not really help you in the long run. However, Its a better use of your time to get out there and build relationships and talk to people or focus on school. That said - I hope I was of help to you.