Stern MBA IB Recruiting Competition?

Question

Stern is widely known as a "finance school" or a "school for bankers" and it seems like the best place to be (outside of the M7) to get a position as a post-MBA associate. But, I was hoping if any Stern alumni could comment on how competitive banking recruiting is and provide what percentage of folks that recruit for banking actually get a summer internship?

LeveredBetaBoy · Accepted Answer

This is hearsay based off of previous posts I've read regarding Stern, but apparently it's a very competitive atmosphere for banking. I pulled up their 2016 industry placement report which states that 22% of accepted offers were for investment banking positions. These placements accounted for 55% of placements into financial services. Just under 46% of all positions accepted were filled through OCR (SA FT conversions), and the class size was 396. Without knowing how many people actively recruited you'd have to extrapolate a bit, but the numbers paint a pretty competitive picture.

lug · Answer

Current student here. I would characterize the atmosphere as cooperative and competitive: cooperative in that students do really help each other out (e.g. sharing tips and questions after leaving an informational, first- and second-years prepping for interviews together, and everyone generally sharing resources), but competitive because Stern does not follow the matching approach employed by other schools so events and the process in general can feel like a free-for-all at times.

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Stern MBA IB Recruiting Competition?

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