University of Alabama

I'm going to UA next year and I was wondering if anyone knows how Alabama's investment banking academy places for investment banking? Also, how many people from Alabama's graduating classes usually make it to Wall Street out of college?

 

It's going to be very tough. There are a couple, but it'll be an uphill battle. You'll have to network like crazy with those who have been through the program successfully and analysts from other schools as early as possible. I'd recommend reaching out to other SEC alumni that occasionally place students as well (Florida, A&M, maybe UGA?, etc.).

 

Keep in mind that I'm pretty old and I know this is going to sound unreasonable.

You need to keep in mind that there are huge stereotypes about people from Alabama, Mississippi, Arkansas, and the like in the northeast. If your goal is New York, I would transfer schools immediately. Places like Houston or Charlotte might be more receptive (UT Austin and Duke/UNC respectively would be significantly better odds).

It might be a good school (I don't know and am too lazy to look it up), but I would say the odds are significantly stacked against anyone from U of Alabama for NYC. If you have a Deep South accent and attend UA, I would basically forget about anything in the northeast.

Just my opinion. Good luck.

 

Sad but true. I'm from Richmond, Virginia and I had idiots who thought I was some dumb hill folk from Appalachia. I can only imagine it is way worse if you're from Tuscaloosa, Alabama.

"That was basically college for me, just ya know, fuckin' tourin' with Widespread Panic over the USA."
 

I went to Alabama (class of 2015) and did just fine. I’m in IB for a BB. You need to establish yourself on campus and get involved (think Honors College, Culverhouse Investment Management Group, Save First, Microfinance Initative, etc) and be a strong contender for a premier award to best position yourself for recruiting to enter in a BB but it’s very possable.

If anything, going to Alabama and doing Greek Life only prepared me for Super Days and a career in finance!

 
Best Response

Alabama grad with a multibillion dollar fund here. It's definitely possible, but you'll need to do all the legwork yourself.

Everyone I know who ended up on Wall Street had some combination of the following: University Scholars with the MSF, Business Honors Program (separate from standard Honors College), CIMG, IB Academy, fraternity leadership, stellar GPA (critical), top test scores (I was actually asked to prove mine on several occasions).

Absolutely second Greek rush being the best preparation for networking and super days. You'll need to get involved early and move yourself into leadership positions. Start networking your first year on campus and aim to get an internship that first summer (unpaid local boutique is fine, leverage that into MM sophomore summer and BB junior summer).

Would definitely recommend networking at the Culverhouse Student Investment Conference as well.

Firms that recruit at Bama - DB Jacksonville, Stephens (including Dallas), Goldman SLC (mostly MO, but I've seen IB happen), Raymond James, and a ton of boutiques in ATL, BHM, TX, and FL. NY offices don't recruit on campus for IB, but a number of students still end up there anyway. If you want to be one of them, hit the ground running and work your ass off.

With that said, have fun. It's a great place to spend four years. Good luck, and Roll Tide

 

Very accurate, but I'm not sure that it's as anomalous as people claim. The state government is going to be almost entirely composed of successful natives, and it stands to reason that many of those are going to come from (and subsequently maintain ties to) the largest and most prominent university in the state. Ambitious college students also make for cheap campaign fodder (I say as a veteran of several state political campaigns).

Family and fraternity ties run particularly deep in the South, and those well-connected students will also be the ones who experience the most success running for student (and state) government, particularly since Alabama's Greek system mobilizes better than arguably any in the country (the merits of which are hotly debated).

To your point, yes, the UA SGA is heavily connected to state politics, and Alabama's history and character may influence the relationship to a greater degree than others, but I think you'll experience very similar phenomena with most state flagships.

 

I don't think that you're screwed at all, it just means that you need to take the initiative in networking/internship searches/getting involved. Join finance and investment related clubs, maybe try to see if there are any local PWM or boutique investment banks that you can work at near your school, and use LinkedIn or your career services to network with University of Alabama alumni that are in investment banks. Just try to get relevant experience anyway that you can, and be really proactive with everything.

 

Suntrust Robinson Humphrey is pretty friendly to SEC talent. Not to say that the traditional IB's will be hostile to your profile but STRH will have more receptive alumni and hiring managers. This is only important if you think about your applicant profile as only your school mattering to HR. In reality, you are a combination of your accomplishments both academic and extracurricular as well as your overall attitude.

Carl Van Loon Van Loon & Associates
 

Itaque similique ad molestias ea. Voluptate reiciendis blanditiis saepe ut molestias fugit. Quis veniam aut amet est error fuga labore. Similique non nulla qui dolor est commodi facere. Id et accusantium consequuntur dolore. Et soluta aut amet dolores dolor sint perferendis. Vel molestias placeat tempore quaerat nobis voluptas.

Reiciendis voluptate officia voluptatem est. Quo temporibus et amet voluptatem velit. Excepturi blanditiis voluptatem quam voluptatibus. Harum voluptas aut aliquam quibusdam ipsum quia. Ducimus rerum voluptas sed ut ut.

Fugit molestiae dignissimos delectus deleniti. Voluptates quibusdam nisi dicta est. Molestiae eveniet iusto odit sed voluptas quo. Vel sit sint praesentium voluptas magnam iste.

Cupiditate omnis facere laboriosam quidem. Nemo possimus est eligendi et odio molestias eius. Molestiae quas praesentium nemo reprehenderit et inventore rerum. Fuga nemo dignissimos tenetur quia sed natus.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
numi's picture
numi
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...”