Chances for Cornell AEM getting BB IBD? Is it a target IB school?

capexzel's picture
Rank: Monkey | banana points 43

I know I am going to get shot for this but I need a straight answer before I head along to do this.

I 'might' be transferring to Cornell and going into AEM. I am currently at a non-target city school Just wondering what are the chances getting into BB IBD there? Is it a target school? (I know its not HYP) and it's not as prestigious. But do big banks recruit there for IBD specifically or am I better off transferring elsewhere?

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Comments (78)

Mar 2, 2012

I go to Cornell and yes, AEM Majors get a lot of placement. They have a good network.
BB IBD firms recruit here, as well as S&T.
This goes for any school/interview, but some firms are biased in that they'll only give offers to people in certain business frats. Still, network and you should have an edge.

Mar 2, 2012

AEM is the target at Cornell.

Mar 2, 2012

Cornell AEM, hotel management, A+S, Engineering are all targets. AEM is a very easy target to get into from, and it's also not as tough as wharton to keep up a strong GPA... tons and tons of kids taken to BBs and also directly to PE firms every year and competition is way less then wharton

with regards to prestige at cornell - clearly it's not HYPS or really close, and dartmouth certainly and maybe columbia have a slight edge... but you're in a category with Penn, Cornell, Brown, Duke, Amherst, etc... you're in a top / high level ivy target type category that will never be held against you anywhere... there are other clearly target schools like UVA, Stern, Michigan, Berkeley, etc. that are a solid level below you in the target hierarchy, but are STILL good schools

Mar 2, 2012
International Pymp:

Cornell AEM, hotel management, A+S, Engineering are all targets. AEM is a very easy target to get into from, and it's also not as tough as wharton to keep up a strong GPA... tons and tons of kids taken to BBs and also directly to PE firms every year and competition is way less then wharton

with regards to prestige at cornell - clearly it's not HYPS or really close, and dartmouth certainly and maybe columbia have a slight edge... but you're in a category with Penn, Cornell, Brown, Duke, Amherst, etc... you're in a top / high level ivy target type category that will never be held against you anywhere... there are other clearly target schools like UVA, Stern, Michigan, Berkeley, etc. that are a solid level below you in the target hierarchy, but are STILL good schools

UVA, Stern, Michigan, Berkeley are NOT a notch below Cornell lol. When I was at BX, UVA was a huge target for the M&A group, whereas Cornell was not (don't know if that's still the case). BX R&R and PE also recruit there, though the latter to a less extent, but I know that the PE group hired out of UVA a couple years back. The school also sends kids to Lazard, GS, MS almost every year.

Stern places heavily into BBs. The school is a huge target for all banks in NY and in Asia. Enough said. Not a strong target for BX though.

Michigan does extremely well in Chicago placements and sends a lot of kids to NY BBs every year. BX R&R recruits there nowadays. Last I heard 7 kids got offers from GS IBD alone, not including GS Securities and Investment Management.

Berkeley a notch below Cornell? West Coast banking scene is DOMINATED by Berkeley. GS TMT, which kids on this site worship over, hires heavily from Berkeley because these kids know Tech and Finance. This school send more guys to GS alone than Cornell sends to GS+MS+JPM in a year. Seriously. GS SF alone hires like 10-15 SAs. Add GS Hong Kong and GS NY to the mix and that number is very impressive. Unlike the misconception on this site, Berkeley is a bigger target school than Stanford. MS, JPM, CS, and BX Menlo all hire heavily out of Berkeley. I would say that this school is probably the third biggest target school in the country, after Wharton and Harvard, due to their dominance in West Coast banking. Stanford doesn't have as big a presence as Berkeley in West Coast. Problem with Berkeley is that there's a lot of politics involved in recruiting as business fraternities is huge at the school. DSP, AKPsi, and BAPsi send a lot kids to BBs and bankers at the BBs pull for the kids in their own fraternities. Same shit happens when it comes to deciding return offers.

Disclaimer: I never attended Berkeley nor am I affiliated with the school in any way.

    • 1
Mar 2, 2012
Ex-<span class=keyword_link><a href=//www.wallstreetoasis.com/company/blackstone-group rel=nofollow>BX</a></span>:
International Pymp:

Cornell AEM, hotel management, A+S, Engineering are all targets. AEM is a very easy target to get into from, and it's also not as tough as wharton to keep up a strong GPA... tons and tons of kids taken to BBs and also directly to PE firms every year and competition is way less then wharton

with regards to prestige at cornell - clearly it's not HYPS or really close, and dartmouth certainly and maybe columbia have a slight edge... but you're in a category with Penn, Cornell, Brown, Duke, Amherst, etc... you're in a top / high level ivy target type category that will never be held against you anywhere... there are other clearly target schools like UVA, Stern, Michigan, Berkeley, etc. that are a solid level below you in the target hierarchy, but are STILL good schools

UVA, Stern, Michigan, Berkeley are NOT a notch below Cornell lol. When I was at BX, UVA was a huge target for the M&A group, whereas Cornell was not (don't know if that's still the case). BX R&R and PE also recruit there, though the latter to a less extent, but I know that the PE group hired out of UVA a couple years back. The school also sends kids to Lazard, GS, MS almost every year.

Stern places heavily into BBs. The school is a huge target for all banks in NY and in Asia. Enough said. Not a strong target for BX though.

Michigan does extremely well in Chicago placements and sends a lot of kids to NY BBs every year. BX R&R recruits there nowadays. Last I heard 7 kids got offers from GS IBD alone, not including GS Securities and Investment Management.

Berkeley a notch below Cornell? West Coast banking scene is DOMINATED by Berkeley. GS TMT, which kids on this site worship over, hires heavily from Berkeley because these kids know Tech and Finance. This school send more guys to GS alone than Cornell sends to GS+MS+JPM in a year. Seriously. GS SF alone hires like 10-15 SAs. Add GS Hong Kong and GS NY to the mix and that number is very impressive. Unlike the misconception on this site, Berkeley is a bigger target school than Stanford. MS, JPM, CS, and BX Menlo all hire heavily out of Berkeley. I would say that this school is probably the third biggest target school in the country, after Wharton and Harvard, due to their dominance in West Coast banking. Stanford doesn't have as big a presence as Berkeley in West Coast. Problem with Berkeley is that there's a lot of politics involved in recruiting as business fraternities is huge at the school. DSP, AKPsi, and BAPsi send a lot kids to BBs and bankers at the BBs pull for the kids in their own fraternities. Same shit happens when it comes to deciding return offers.

Disclaimer: I never attended Berkeley nor am I affiliated with the school in any way.

Not sure why you are mentioning west coast and mid-west recruiting with Cornell or any of the ivies. All the OCR is almost exclusively for the main NYC office at all those schools unless you specifically make an effort to apply to the other western offices.

But I think the main point that is sometimes overlooked is that top students at ANY ivy, top state school, etc. have a legitimate chance to get interviews and land offers. The pool of students at Berkeley, UVA, etc. probably isn't as strong as the ivies overall but at the top of the totem poll there are absolutely kids who are as qualified and smart as people who even attend HYPS.

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Mar 2, 2012
Ex-<span class=keyword_link><a href=//www.wallstreetoasis.com/company/blackstone-group rel=nofollow>BX</a></span>:

West Coast banking scene is DOMINATED by Berkeley.

I would be careful with that statement. I would say in the past, there were more full timers from Cal (also a function of the fact there are just way more students period at Cal) but now in most of the offices, including my own, there are more and more Stanford alum and there is a big recruiting push to hire more Stanford students.

That said, Cornell is great for east coast recruiting. Many of my high school friends went to Cornell, and they have placed very well into BB's, IBD and S&T.

Mar 2, 2012

double

Mar 2, 2012

OP, to answer your question, go to Cornell. AEM is a good program (or school - I heard it's Dyson now). You'll be in good hands when it comes to IB recruiting.

Mar 2, 2012
Ex-<span class=keyword_link><a href=//www.wallstreetoasis.com/company/blackstone-group rel=nofollow>BX</a></span>:

OP, to answer your question, go to Cornell. AEM is a good program (or school - I heard it's Dyson now). You'll be in good hands when it comes to IB recruiting.

This, pretty much. I go to Cornell (not AEM) and sometimes not being in AEM felt like an advantage (a lot of AEM kids breathe finance and for some interviewers get sick of it, I guess?). My AEM friends did well this year, so network and I would not worry.

Can't speak to AEM's relative quality. And I think they do call themselves Dyson now.

Mar 2, 2012

Double post

Mar 2, 2012

Thanks for answering guys, it def. helped. How about PE or Consulting firms? Same goes for undergrad?
I mean now i know Blackstone hires there too.

Mar 2, 2012

I feel like you guys have a very different definition of what target school is, as if a school is only target if it send kids to NYC banks, and all other regions are irrelevant. I don't know if this is the WSO mindset or whatever, but I defined target school as schools that send kids to banks, as opposed to being defined by region.

And idk if Pymp was talking about Asia recruiting or whatnot, but for NYC, I doubt Michigan/Stern is a notch below Cornell. Even for Asia, as Pymp was concerned, I also doubt Cornell send more to Asia banks than Stern/Berkeley.

May 22, 2012

Don't be fooled by this imbecile; Cornell recruiting is definitely a notch above UVA, Berk, UMich, and Stern. Cornell is basically the top target for BAML and JP Morgan.

May 22, 2012

Was Cornell ranked higher than Columbia, Dartmouth, Duke in the 1980-90s? I say this because lots of old bankers speak very highly of the school, and those Cornellians are naturally pushing to hire kids from Cornell.

Mar 2, 2012

I don't even know how people can even say those schools are even ranked above Cornell now. All banks recruit on campus for FO roles and give out a ton of interviews and take a ton of kids. Not sure how those schools could be conceivably better when they have similar caliber students and similar placement.

May 23, 2012

well, would you rather learn how to bake cookies and assemble a knife set? or would you rather learn finance? hotel finance is a joke compared to aem finance, which is why all the aem students try and take finance courses in hotel to fulfill their requirement rather than taking aem finance

May 23, 2012

damn is that true? couple people tell me that hotel is better, but whenever i see posts about cornell b-school, they usually only refer to AEM. i'm so confused..

May 23, 2012

AEM is essentially a business program whereas Hotel is business but offers more courses geared towards Hotel related fields hence the name Hotel school. If you want to specialize in Finance you probably want to look into AEM, which has a Finance specialization along with a bunch of other specializations. AEM Finance is the hardest class in AEM way way harder than Hotel Finance.

May 23, 2012

it's your choice, but it's not even close if you want to do IB or S&T - go with aem. you'd also have as good a shot at IB if you were econ/math in arts and sciences or an engineering major. I've heard that goldman prefers the econ/math combo to aem actually

Mar 2, 2012

Either CAS Econ or AEM would be best. I'd personally go with AEM though (easier to maintain a good GPA).

    • 1
May 23, 2012

alright thanks alot guys, seems like AEM is the winner between hotel school. but yeah my original plan was to go for finance/math in my state school. definitely can see how goldman could prefer econ/math since finance is a bit over-rated. and finance/math is a bit too tedious. gotta look into cornell requirements a bit more, but as of now, AEM is my pick :] thanks again

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May 23, 2012

Yes, without a doubt. $50,000 in loans is peanuts.

May 23, 2012

Umm, Villanova isn't a non-target.

Cornell is a good school, but I would probably take Nova for free over Cornell. You are 1.5 hours from NYC and 12 minutes from Philadelphia. Plenty of time to network and intern. Focus on getting into the business school and once there, the equity/fixed income society and you should be fine.

May 23, 2012

Worth it. I'm a sophomore at Cornell right now (Econ, not AEM) and recruiting is pretty great here. All BBs come to campus very often for special panel events that are great for networking. Just next week, Goldman is coming for IBD, AM, and Securities Office Hours where you chat one on one with an analyst/associate. Another thing is that quite a few sophomores get BB offers (MO/BO positions with a few superstars FO) which is always helpful for junior year.

May 23, 2012

I'm an analyst at a multi-billion dollar L/S equity HF and can name 5-6 people off the top of my head that did AEM that are in similar roles now. I don't know a single person from Villanova. Meaningless from a statistical perspective, but thought I would share an anecdote.

May 23, 2012

Ivy League > Villanova.

    • 1
May 23, 2012

As a Cornell Alum, I'd strongly suggest AEM.

May 23, 2012

$51k in student loans is nothing, go to Cornell. It'll pay for itself. You'll barely notice the $400-500 a month that gets auto deposited from your checking account. People who go to top tier schools in employable majors don't have the employment/salary issues that lower-tier students have. The college debt issue is affecting mediocre students in silly majors, not people like you.

    • 1
May 23, 2012

Go to Cornell and don't look back bro, no doubt in mind Cornell is worth the extra 50k

May 23, 2012

I agree that Cornell would be worth the cost

May 23, 2012

Just to let you know, your EFC stands for "estimated family contribution"

Essentially, the total amount of financial aid that you'll be getting is the cost of attendence - your EFC

Therefore, the higher your EFC the less financial aid you'll get. 35k is a ridiculous EFC, so I would expect your financial aid for Villanova to change to near nothing as well, unless you're going to Villanova for free based on scholarships or some other merit-based aid rather than financial aid.

Hopefully I helped you out with figuring out why you're not getting any financial aid from Cornell.

May 23, 2012

take cornell, don't look back..your career lasts for 40 years..$50,000 is nothing for the name that stays with you and the ALUMNI

May 23, 2012

Hi wvu, I know it has been a while since you've posted this, but this is kinda related to me since I'll be applying to transfer to AEM and I will appreciate your response. What classes had you taken in Villanova when you applied? and how about your extracurriculars?

May 23, 2012

I'm in AEM and it seems like there are a lot of kids going into consulting from there either as their first choice or because they didn't like banking. As long as your gpa, resume etc. is solid you won't have any trouble getting into a top consulting firm.

May 23, 2012

http://aem.cornell.edu/undergrad/careers.htm
Doesn't seem too hot for consulting - only Bain and Mercer. Where are the other top MCs?

I-banking placement seems very strong though, but that's not what you asked.

May 23, 2012

Yeah that seems strange, but then again only 166/207 graduates from 2006 responded to that survey. Maybe the people who went to top MCs didn't respond, but there could be a weakness in consulting recruiting as well. I'll have make sure I find this out when I visit campus.

May 23, 2012

lucas, with 166 of 207 responding, it seems MUCH more likely that consulting recruiting is weak (rather than a lack of repsonses from those who went to top MCs)

May 23, 2012

AFAIK it's a pretty good program. Lot of Cornell kids at Bear and UBS from what I saw in interviews. About half were AEM and the other half were engineering/math majors. Classes in AEM are easier than other programs at Cornell, but it is still an extremely reputable Ivy business program. If you are an NY resident, it's a great choice. It can't beat Stern's location but Ithaca is gorges (heh heh) and there is a great alumni network.

May 23, 2012

AEM may be easy relative to other Cornell majors... but remember that on the whole, Cornell is also considered the hardest Ivy to graduate from. Cornell is actually recognized for its grade deflation whereas other Ivies (Princeton, Harvard) are known for their grade inflation so in terms of what recruiters will think of your GPA, they won't pay any (special) mind.

Cornell AEM is also very heavily recruited by BBs, top consulting and accounting firms, huge marketing companies, etc. so you won't lack in terms of career connections and options. The network at top BBs (Goldman, Morgan Stanley, Lehman, JP Morgan, etc) is massively extensive so if that's what you're interested in, you'll find a really comfy home here...

Just my two cents :-)

  • aloki
  •  May 23, 2012

Any soft major at cornell is considered BS and easy, but in reality it gets you good jobs. All the big banks come to recruit here and take on a number of interns every summer. Wharton generally has the best banking representation, but after that Cornell has the 2nd most bankers at a number of firms (more than Harvard, Stern, etc). AEM is not particularly easy (although it may be easy compared to premed) and you will learn everything that you need to know for interviews and beyond.

May 23, 2012

I'm in AEM/Stats and despite rumors, it's actually not as easy as I thought it would be b/c there's no curve. I've been very impressed with recruiting. Also, if you're not from the New York area, it's pretty hard to get into (check around and you'll find the answer). In fact, I got into Stern and I turned it down. If you noticed in business week, AEM went up 6 places where Stern went down (not that it really matters).

May 23, 2012

why is it hard to get in if you are not from NY area?

May 23, 2012

Because AEM is in CALS, which is a contract college w/ NY so it's technically a state college. That doesn't affect the fact that it is ivy nonetheless.

Luckily, I was able to manage to get in, but this is probably because the program is relatively new and unknown (for non-business people). My Guidance Counselor didn't even know about it when I consulted his opinion. Despite this, I suspect that it will still become even more selective as the program matures and more kids learn about it (The B-Week rankings will probably spread popularity).

Well it sounds like AEM is pretty solid anyways, that's good to hear.

May 23, 2012

AEM ranked #4 in recent bus week top ugrad bus schools and is heavily recruited by all the major banks, be THANKFUL its easy

May 23, 2012

aem became an accredited ugrad biz program only a couple of yrs ago. with cornell's reputation and resources, i suspect it could only get better. aem grads are already taking all the banking jobs.

May 23, 2012

Anyone know if it is possible for AEM kids to go directly into HF/PE out of UG or is that only for Harvard/Wharton?