Yale Placement

Sorry for the winded post. I have a lot of questions, so hopefully it isn't too painful to read through!

Hey, so I am an incoming freshman at Yale, and I did some digging around on Linkedin to see where Yale alumni end up at, and I found some pretty worrying results. This year, I was accepted to Yale, Columbia, Dartmouth, and Stern, so I researched other threads on here and it seems like Yale was overwhelmingly suggested over my other choices. I was happy with my choice, but after taking a deeper look into Yale's placement, I am starting to think I made a huge mistake by not going with one of my other choices (primarily Columbia).

I won't list all the MBB, BB, and HF and PE shops because it must of been nearing ~50. I literally took a look at every shop that is reputable. As you might expect, Wharton absolutely kills it in terms of where the employees at the top place work at. They constantly outnumber every school, with the exception of Harvard, but still Wharton beats them out consistently. Obviously, Wharton is an unfair comparison for Yale since it is the top UG b-school with everybody gunning for finance. A much more reasonable comparison would be Harvard. Yale and Harvard are as similar as two schools can get. Academically, curricular, and prestige wise they are pretty close. But Harvard out-places Yale at these top HFs and PEs at ratios of 2:1, 3:1, and sometimes more. There's some places where there is 150 Harvard alums and only 30 Yallies. Same goes for Columbia which also out-places Yale as well. If you don't believe take a look.

When I was reading people's threads comparing Yale's placement in comparison to other schools, I saw that the difference can be chalked up to selection bias. It sounded reasonable. Yale the school know for it social activism has less people going for finance than Harvard and Columbia. But I took a look tonight and Yale OCS reports that more Yallies enter finance and consulting than Harvard and Columbia. For context, Harvard and Yale have similar class sizes with Columbia being around 600 students larger.

Yale OCS reports (https://ocs.yale.edu/outcomes/yale-college-outcom…) that for the Class of '19 15.6% entered finance and 10.6% consulting. For the Class of '18, Harvard reports (https://ocs.fas.harvard.edu/files/ocs/files/final…) that 13% go* finance and 10% *consulting. For Columbia (https://www.careereducation.columbia.edu/sites/de…) 15% finance, 11.1% consulting, and 5.2 investment management (HF ?).

Obviously this isn't a case of selection bias. Contrary to this thread, and what I though as well, Yale does not have less finance interest kids than Harvard or Columbia. As a matter of fact they have more than Harvard and only slightly less than Columbia. So my question is why does Yale place so poorly when you take a look at where big firm's and HFs employees attended. It's not even close. Harvard is light years ahead in their placement, yet Yale sends more people into the industry. Where they go is anyones guess, since they're nowhere to be found when I took a look.

This can' t be selection bias. The only shop I found where Yale outperforms Harvard is D.E. Shaw. Other then that, it's a landslide for Harvard and Columbia. As an incoming Yallie I find this really worrying. It seems that besides the fact Yale has the name that comes closest to Harvard's it places nowhere near what its prestige implies. For such a prestige focused industry, I don't understand why Yale does so poorly. I am really tossed up since it really seems I should have picked Columbia. Trust me, I don't want to disregard the school I'm going to, but I'm just overall concerned with those numbers. Obviously, I may be wrong, and if that's the case I would love to hear everyones opinion regarding this.

 
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this is insane. you NEED NEED NEED to relax. you’re so early at this point that the only thing that can stop you from your dream job is yourself. you literally attend one of the best schools in the entire world - if you keep your grades up and just put minimal effort regarding networking and internships, you will be fine. enjoy your world class education and just breathe. it will all work out. no you didn’t make a mistake by attending one of the best schools in the world...

 

I know it's an amazing opportunity to be at Yale, but the simple fact is that it just doesn't seem like is fare well past IB. Obviously Yale is Yale, but if places as poorly as it seems than I would be severely limiting my networking opps in comparison. I mainly posted this to get some insight on why Yale is preforms poorly in comparison to peer school even though there high finance grad numbers. Of course, I am going to try and maximize my experience there, but I can't help but wonder if I made a mistake by not going to Columbia.

 

And stern places the best out of all of them, so what’s ur point. You need to stop worrying. Ur going to a top 3 school in the US. You will be fine.

 

OP, you have no reasons to worry. The only reason you see more Wharton and Stern alums is because they’re business schools with significantly more people gunning for finance. And Columbia is essentially a Stern-like school with an Ivy tag on it - strong finance culture with a lot of people gunning for banking. As for Harvard, it’s also historically been more finance focused than Yale. So the only reason why you find fewer Yale alums is because, historically, fewer Yale students have been gunning for finance. This doesn’t mean at all that you won’t be awarded similar recruiting opportunities at Yale - you will. And in terms of brand name, you still have a better one compared to all the schools you listed with the exception of one (I’ll let you figure out which one).

 

Yeah I hear you when comparing Yale to Stern or Wharton, but the fact is that Yale doesn't have less people going for finance than Harvard or Columbia. Per the OCS report I tagged, Yale sends more to finance than Harvard, and only slightly less than Columbia. Yet, when checking outcomes, Yale is way below Harvard and Columbia despite their high rates fo grads going into finance. It can't just be self selection.

 

Dude relax, if you do what you are supposed to do in undergrad and prepare yourself accordingly, it won't be the school holding you back. I had a Yale kid cold-email me when i was an analyst (we didn't recruit at Yale at my bank) and she seemed interested / eager about my group and so I pushed for her to get an interview. She ultimately failed to get an offer (and we were trying to give offers to women) after the interviews but that was not because she wasn't given a fair opportunity. She had the same opportunity as everyone else that was interviewed but came up short in knowledge / prep / etc compared to the other candidates.

Point is all these schools (including Yale) will open the doors - it is up to you to close the deal.

 

I completely understand that a lot rest on the individual and not the school, but in certain cases the school has an undeniable effect on the early stages of a career and beyond. For example, I know for a fact some big HFs and PEs only recruit at Harvard and Wharton. That compounded with the fact that both those schools are far larger presences and thus alumni networks in finance is an undeniable advantage. Even you said it, your bank didn't recruit at Yale. From looking at outcomes, it seems like Yale sends as many kids to finance as any school other then UG business school yet it comes up short as you move higher up in finance. At top HF which I've looked at Yallies are far outnumbered, and like some other user talked about on here, Yallies in top leadership roles are almost non-existent. Why is it that Yale funnels extremely high numbers into the industry, yet it doesn't seem like it matches those numbers in higher finance? As someone who is pretty much locked in at Yale, its really worrying that I may have set myself in a position of disadvantage by forgoing a place like Columbia. Yale is extremely prestigious, and it's a great school for some things, but it seems it doesn't live up to its name in finance.

 

The most you can ask for any school is that it opens the door for you for the opportunities you are seeking. Your worries are unfounded and you are in no disadvantage. As long as you perform in finance (bring in deals, get strong returns, come up with good ideas, connect capital with those who need capital etc.) you won't be precluded from advancement unless you are disliked by everyone around you. The entry level Wharton kid is not going to be in top leadership either if he can't do any of the above or add value as he continues in his career. So again, it's not a function of the school but a function of your ability as you move up.

As for why you don't see many Yallies in top leadership, i suspect it's self selecting. Some schools attract a lot of business and finance oriented folks and others like Yale attract a lot of law / politics / non-profit type of folks. And yet others attract a lot of STEM folks. You probably don't see as a lot of Wharton folks in top political positions as you do Yallies right?

We didn't recruit at a lot of schools (Harvard and Princeton included). We focused more on the UG business schools like Penn, NYU, UVA, etc. which our group had a lot of success with in past and also because it was a technical group which required a better grasp of finance concepts which frankly a lot of liberal arts students did not have (i.e. the return on spending resources to recruit at a Yale or Princeton on the off chance we find someone that is well versed in the topics we were looking for did not compare to just going to an UG business school). We also had a few LACs kids as well who were prepared and came in through the non-target pipeline but they were well prepared and knew their stuff.

If you want to go to a big HF / PE and they don't come to your school, rest assured if you put in the work and reach out you can get there. Even at the schools you mentioned, not many are going there and you are often better served getting your teeth cut in IB which certainly should be open to you at Yale.

 

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