Cornell Johnson Placement in IB/PE

I've looked through the career report for the 2 year ithaca program and I am curious to learn more about where people place in IB/PE/VC as the report doesn't have exact numbers.

For IB, where do most people end up? Which firms are target? (are JPM, MS, GS) What proportion end up in Tier 1 vs 2 vs 3? Do people going through this path end up as lifers in IB or do they move well to PE/VC/HF after?

For PE, is the school target for any of the large funds or does anyone place at KKR or Blackstone?
Thanks

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (21)

Best Response
Mar 19, 2018 - 3:02pm

Johnson places very strongly in IB for school of its caliber (IE non-M7). The career report does actually break down IB - look at job placement by function. I'm class of 2015 and the past 3 years 17%+ of the class has gone to IB - that's higher than almost any non-M7 school (besides Stern).

As far as firm placement, it's a target for all BBs except for MS and Barclays, although a couple people go to those firms each year through off campus recruiting. Most of the hiring is concentrated in Tier 2/3 BBs - Citi, BAML, DB. I'd say 2/3 of the group that goes to IB ends up at BB/EB and 1/3 at MM firms (Jeffries, Piper, STRH, Robert Baird, etc). In terms of EBs, Lazard, Moelis and Evercore recruit on campus (Evercore is new in the past 1-2 years).

For PE/VC, maybe 3-4% of the class gets a job in the field each year, and its exclusively through off-campus networking. You will be very hard pressed to find PE/VC firms that recruit on campus outside the M7 (and even outside of HSW). Also, almost no one goes into those fields without pre B-school experience in IB/PE/VC. There are exceptions but they are few and far between. I have never heard of anyone placing at a megafund post-MBA.

  • 6
Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Start Discussion

Total Avg Compensation

July 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (36) $363
  • Associates (209) $232
  • 2nd Year Analyst (120) $152
  • 3rd+ Year Analyst (28) $146
  • Intern/Summer Associate (101) $144
  • 1st Year Analyst (444) $133
  • Intern/Summer Analyst (357) $82