Washington & Lee University

I got into W&L as an International Student for ED1 after a gap year
 They even gave me 80k a year in aid, so going there is gonna be super affordable.

Can any W&L alumni, or anyone knowledgeable answer these questions,

1. How hard is it to break into the Williams Investment Society there, what can I do NOW to prepare for it, im completely free. rn im studying for the CFA L1 and will give it as soon as i can (23 months before graduating). and also learning financial modeling, and excel, and python, and vba, and even french.

2. Is an Economics and Mathematics double major gonna disadvantage me over a Business Administration + Mathematics Major? I kind of wanna do Economics because its different from the CFA, ive heard that most of what ill need will be covered by the CFA.

3. What is the impression of W&L in your firm? is it unknown, known, positive, neutral, or negative?

4. If i get the Johnson Scholarship, does that improve my recruiting odds?




 

16 Comments
 

Based on the most helpful WSO content, here’s what you need to know:

  1. Breaking into the Williams Investment Society (WIS):

    • WIS is highly competitive, but your proactive approach is already setting you apart. To prepare:
      • Network early: Reach out to current members or alumni of WIS. They can provide insights into the application process and expectations.
      • Build technical skills: Your focus on CFA Level 1, financial modeling, Excel, Python, and VBA is excellent. These skills will make you stand out.
      • Stay informed: Read daily financial news (e.g., WSJ, Dealbook, Financial Times) to demonstrate your interest in markets and investments.
      • Mock interviews: Practice behavioral and technical questions. WSO’s investment banking prep guides can help you refine your answers.
      • Leadership and involvement: Join other finance-related clubs or activities at W&L to showcase your commitment to the field.
  2. Economics and Mathematics vs. Business Administration and Mathematics:

    • Both combinations are strong, but Economics and Mathematics might give you an edge for roles requiring analytical rigor (e.g., investment banking, quantitative finance).
    • The CFA curriculum already covers a lot of business-related content, so Economics could diversify your knowledge base and make you more versatile.
    • Ultimately, your major matters less than your ability to demonstrate relevant skills and experience during recruiting.
  3. Impression of W&L in the finance industry:

    • W&L is well-regarded, especially in the Southeast and among firms familiar with liberal arts schools. While it may not have the same brand recognition as Ivy League schools, its alumni network is strong and supportive.
    • Your success will depend more on your networking efforts, internships, and ability to stand out during interviews.
  4. Impact of the Johnson Scholarship on recruiting odds:

    • The Johnson Scholarship is prestigious and signals academic excellence and leadership. Mentioning it during interviews can positively influence recruiters, as it highlights your merit and competitiveness.
    • Use the scholarship to connect with other high-achieving students and alumni, further expanding your network.

Pro Tip: Keep leveraging your gap year to build skills and network. Your CFA studies, financial modeling, and language learning are all excellent initiatives. Just don’t forget to balance technical preparation with soft skills like communication and leadership, as these are equally critical in finance roles.

Sources: Ask mbaMission about Business School Admissions, What to do Pre-MBA to prepare for IB recruiting, Q&A - Analyst at $1.5B Endowment Fund, Ask an ex-IB MD anything.........

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Most Helpful
  1. Pretty hard to get in, especially as a freshman, but very doable if you can catch up to the sophomores who you'd be competing against. Would study traditional stuff like valuation and accounting technical guides, pitching a stock, reading the news, etc. WIS is super helpful and arguably the best club the school has to offer, but people recruit without it and do fine.
  2. Lots of people do econ/math or accounting/math. Definitely don't worry, but I will say math department is meh while accounting and econ are fantastic
  3. I've heard W&L people are generally loved at most firms from people I've talked to. While you won't catch many at EBs, lots of BBs and MMs have a small to mid-size W&L contingent that is extremely tight and well-regarded. Most say that this is a function of the school not being as academically rigorous as some other schools which leaves a lot of room for "developing social skills". Greek life is huge and sports teams are basically small recruiting pipelines. Most students aren't hardos which means they usually enter the industry with great soft skills as well. Don't get me wrong kids work incredibly hard which benefits them when they get into banking. Overall, people usually have a fun and successful experience. Also, if you're not interested in greek life and aren't an athlete, you will be fine - but you absolutely have put yourself out there and socialize as a freshman.

    Tangent, but I think this is helpful: Due to how small the class sizes are and the consistency of W&L grads into banking, there are maybe 30-40 kids each year looking for spots who actually recruit. This means if you're looking to place, you have great chances. There are usually 5ish kids who go to BBs (some years are better than others) meaning there are much fewer people to "beat" in order to get a spot at the traditional W&L BBs (you can look up grads on LinkedIn to see which ones I'm talking about). Definitely a good deal imo compared to some other more traditional targets where 20 people may place into BBs, but you have to compete against 400 other people for it. just my $0.02.

  4. Obviously the Johnson will set you apart on a resume, but by no means a guaranteed ticket for recruiting. If you're getting 80k, you basically receive most of the benefit from the Johnson anyway

Also no shade at other commenter, but banking dominates finance placement, with consulting sending maybe 5ish to MBB each year. The school's still a great option for it.

 

Thank you so much for the detailed response!

Math may be eh, but the STEM designation helps, ig.

Another thing, how big of an advantage will it be if i manage to pass CFA L1 and L2 as soon as I can. (sophomore year end and junior year end respectively). I'm prepping rn, so I can do it.

The consulting placement being worse than banking is kinda concerning cuz I was looking at Consulting as an alternative, but eh.

 

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