Feeder Schools

I thought this might be helpful to all the high school students. Below is a general list (to my knowledge feel free to contribute people) of all the major feeder colleges for the BBs:

I tried to order them..

East Coast:

Harvard
Yale
Princeton
Wharton

Gap

MIT
Amherst
Williams
Swarthmore
Columbia
NYU
Dartmouth
Penn
Cornell
Brown
JHU
CMU
Georgetown

Midwest:

Northwestern
Chicago
Michigan

Gap

Illinois
Washington University
Carleton College

West Coast:

Stanford
Berkeley
Caltech

Gap

UCLA
USC
Pomona
Claremont McKenna
Other UCs

South:

Duke
UVA
UTexas BSchool

Gap

UNC
Emory
Vanderbilt
Rice

Generally from my knowledge the major feeders are the following: Ivys, MIT, Williams, Amherst, Swarthmore, NYU, Northwestern, Chicago, Duke, Stanford, and Berkeley.

Notice that cities will often come into play. If you goto a good school but away from a major city, its harder to get a BB job.

I hoped this helped. Please contribute to the list as I'm sure there are some (and possibly many) errors.

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Comments (144)

Jul 17, 2006

Canada:

McGill
University of Toronto
Queen's University

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Jul 17, 2006

I'm pretty sure that the Kelley School of Business at Indiana University sends a good amount of analysts to BB's, maybe not in the same class as UMich, Northwestern, and UChicago, but I would say it's as good as Illinois and WashU in that category.

  •  Jul 17, 2006

Tier II - Notre Dame

Why do you have Wharton listed in Tier I and Penn listed again in Tier II? Non-business majors?

  •  Jul 17, 2006

Correct. Wharton different from SAS.

  •  Jul 17, 2006

i would say uva belongs in the top tier. business week certainly thinks so and they send a very respectable number of people to the bb and top mm firms

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  •  Jul 17, 2006

Businessweek also thinks that Kellogg is better than HBS and Wharton...

UVA's ugrad B-School is very respectable, but I dont think they send as many kids to the top firms as say Duke.

  •  Jul 17, 2006

that's because they only graduate about 325 students per year from their b-school. percentage-wise though, I'm pretty sure they hang with any school except wharton and harvard in terms of placement.

Jul 18, 2006

I would say BC definitely belongs on the list for placing students into analyst programs at BB.

Jul 18, 2006

Really? I haven't heard of this before.

Do you have a career placement pdf or something I can look at?

Jul 18, 2006

I don't have anything that you can look at, I am sure if you call their career services office that they could help you out. However, from my senior class BC placed many people into BB Banks, middle market and boutique banks, asset management firms, and a few consulting firms.

  •  Aug 9, 2006

You forgot Western (Ivey) which has the best placement in the country including 10% of the class to the U.S.

Aug 10, 2006

Is Northeastern University any good as a feeder school? I know they have an amazing coop program.

Aug 10, 2006

Notre Dame is tier I. BusinessWeek ranked their business school at #3.

  •  Aug 11, 2006

what is pomona? Does anyone have alink to there website?

Jul 17, 2006

Google "Pomona College."

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

  •  Aug 18, 2006

I agree with an earlier poster that BC sends quite a few kids to BB. They have a solid program. As for the list of southern schools, I would advise adding Tulane onto the list of Tier II schools. They send a handful of kids to BB every year and have a great presence in the BB regional office setting in the south. Highly respected in the Northeast (NY & Boston) although not as actively recruited as other top southern schools so II is probably best fit for them.

  •  Aug 18, 2006

no text

Aug 18, 2006

thanks!

Aug 18, 2006

is it bad to go to an extremely competitive school. cause when i looked up some of my schools data, it was good that Goldman Sachs was the 2nd biggest employer for graduates but over 1000 students applied for positions from Goldman Sachs. i mean doesnt that hurt your chances.......

Aug 18, 2006

A lot of schools on that list are very good and won't drag a person down, but do not really provide an edge or in-road. Many of the schools you listed are excellent and well-respected but don't really have the sorts of alumni networks to bring people onto the Street in droves.

In addition, most students at non-northeastern colleges don't really know what investment bankers do, nor do they see banking as a desirable career, nor do they know the first thing about pursuing a job in banking. If they wanted to be bankers, and learned how to pursue the career, their schools wouldn't hinder them, but on the other hand, aren't going to place them either.

Aug 19, 2006

Tier 1: H,Y,P, and Wharton.

Tier 2: Other Ivies, MIT, U of C, NYU, Gtown, UVA and Northwestern.

Jan 7, 2007
FX master:

Tier 1: H,Y,P, and Wharton.

Tier 2: Other Ivies, MIT, U of C, NYU, Gtown, UVA and Northwestern.

Are you counting Stanford and Duke as "other ivies?"

Aug 18, 2006

That's a better analysis. You might want to include the LACs: Amherst, Swarthmore, and Williams. Pomona, Carleton, and a few others are of comparable quality but aren't feeders purely on account of location.

I'd imagine that Caltech puts a fair number of kids into trading and hedge funds.

Aug 19, 2006

I hear that Howard in D.C. is a a feeder school

Aug 28, 2006

how about lse, would you consider it a feeder school?

jimmylse09: really, goldman was 2nd biggest employer?

Aug 18, 2006

thats wut it said on a times article, but i mean its probably true since more than 1000 students applies a year to Goldman Sachs so the chances of making it in is not that great, i mean i think they can take 100 students tops.

Aug 29, 2006

yeah..that's the plus and negative of feeder schools...hard as hell to get the goldman placements, but the lower banks will take a lower feeder school candidate than a higher non-feeder school candidate.

Aug 29, 2006

"In addition, most students at non-northeastern colleges don't really know what investment bankers do, nor do they see banking as a desirable career, nor do they know the first thing about pursuing a job in banking. If they wanted to be bankers, and learned how to pursue the career, their schools wouldn't hinder them, but on the other hand, aren't going to place them either."

well thats a load of crap seeing as how all my buddies from a non-eastern school went into banking/hedge funds/PE

Jan 7, 2007

Morehouse is also a core school for every BB. Except for Lazard, if you consider Lazard to be a BB bank.

Jan 7, 2007

I've met a few people from Morehouse, Spelman, Howard, and Florida A&M. Definitely not an abundance.....but pretty much the cream of the crop from those schools-those students that got into ivies but wanted to go to an HBCU.

Jan 7, 2007

The BBs all recruit at Howard, and most recruit at Spelman and Morehouse too. I haven't heard too much about Florida A&M.

I know Lazard and Greenhill visited Howard once, but I guess didn't take anyone and decided not to go back.

Jan 7, 2007

I went to a private liberal arts college (think Midwest). We graduate approx 40-50 econ students/year and about 5 goto BBs and about 2-4 to other banks. Translation = 10-15% of our graduates endup in banking. Not many schools compare. During '02 and '03, we still sent 2 to 3 kids to BBs.

Jan 7, 2007
opticalcharge:

I went to a private liberal arts college (think Midwest). We graduate approx 40-50 econ students/year and about 5 goto BBs and about 2-4 to other banks. Translation = 10-15% of our graduates endup in banking. Not many schools compare. During '02 and '03, we still sent 2 to 3 kids to BBs.

Oberlin? Lake Forest?

Jan 8, 2007

most of these posts look more like just general college rankings than which schools are feeders into BBs...i interned at a BB and now work fulltime at another, and most of my friends from college went into banking, so i have a decently comprehensive impression...

to the guy who wrote:
Tier 1: H,Y,P, and Wharton.
Tier 2: Other Ivies, MIT, U of C, NYU, Gtown, UVA and Northwestern

there is no doubt in my mind that wharton places more ppl in BBs than any other school on the planet...sorry but if you are only looking at how many ppl from a school goes into BBs or what %, typically they are the schools that have the most ppl majoring in econ or business...places like wharton, uchicago, nyu, stanford, harvard etc...my problems w/ the above rankings are:
1) yale and princeton don't really compare w/ the sheer volume of bankers that come out of the top feeder schools
2) some ivies like cornell place a lot more bankers than others like brown
3) MIT, georgetown and northwestern are not banking feeder schools...MIT is still known for engineers, georgetown for poli sci, and northwestern churns out way more consultants than bankers, but they get their fair share cuz their class is much larger than other private schools...

just for kicks, my 05 training class facebook is still sitting under my desk, and here were the schools w/ the most representation:
1) upenn
2) cornell
3) williams
4) uchicago
5) nyu
6) babson
7) boston u
8) harvard
9) indiana
10) northwestern

some interesting names but you see the general trend...mostly schools that have top (or large) undergrad business schools or econ programs

Jul 18, 2006

Boston University?

Jan 8, 2007

Babson College?

These names are not familiar.

Jan 8, 2007

Is that the Wachovia facebook?

Jan 8, 2007

I disagree with kidxiao about georgetown. We send a lot of kids to Law School, Medical School. But...

Banks that recruited at our school: GS, MS, Lehman, UBS, Merill, Bear, Citi, BofA, JPM, DB, CS, RBSGC, Barclays Cap, Perella, HLHZ, Rothschild, Thomas Weisel etc. With Goldman taking the most every year. They interviewed about 100 first rounds and they hire at least a dozen kids for full time, not including those that got offers from working of the summer.

Total students hired in to Inv. Banking through our career center (not including those who got offers and took them from their summer stint) totals over 100 every year.

Just making the case for my soon to be alma mater...

Jan 8, 2007

I go to UfT (Rotman) as an MBA candidate. Based on my summer and full time recruiting experience, Canada is basically (not in order of priority):

Ivey (Western Ontario)
Rotman (UfT)
The above two send the most, then:
Queens
McGill
Schulich

Metals & Mining I-Banker

Jan 8, 2007

since when is Wachovia a BB? drop the ego dude...don't u think wachovia would get a lot of their ppl from places like unc, duke, etc?
i don't really mind so...it's JPM's facebook from '05 cycle 1...also just fyi, these schools represented less than 1/2 of one cycle of analysts (there were 2 training cycles), so that's less than 1/4 of all analysts that year worldwide...

yeah granted boston u and babson don't get as much respect (obviously from the posts above), but my original point was that the list of schools that the most analysts come from don't always mirror college rankings...just because a school recruits somewhere doesn't mean they will take a lot of analysts from that school...every firm has its target schools (for ex. jpm is big on williams, which might have something to do w/ our vice chairman being a grad)...and larger schools will typically place more kids just because of the class size...

btw babson isn't exactly a crappy school...it's a private business-only school..you might know the graduate business school better, it's called Olin...and it's known as the best undergrad and MBA program in entrepreneurship...

and to the georgetown guy, i'm not dissing georgetown or anything...it's a great school...it's just i've only come across one person from georgetown so far in banking, and that was during my internship...

Jan 8, 2007

Babson would be one of the schools where the banks might recruit at, but they only take maybe 5-6 people from the entire school.

Entrepreneurship doesn't really mirror investment banking all that much in my opinion, but for those who are into the whole entrepreneurship thing it might make sense to go to a school such as Babson.

However, I wouldn't expect too many i-banking opportunities after making that decision.

Jan 8, 2007

then either all of the bankers from babson went to JPM that year, which seems unlikely, or there are more than 5-6 people from babson that go into banking every year...at a decent business-only school where the class is about 450 ppl per class, i doubt that only 5-6 ppl go into banking each year man...
i just checked out their undergrad placement stats...they don't list banking but 1/4 of their class goes into finance...
i'm not saying entrepreneurship exactly mirrors investment banking either, only that it's what the school is known for...for ex, uchicago is known for econ, but how many grads actually go to econ grad school? not that many...most of them go into banking, they just major in econ b/ there's no undergrad business...anyway, ppl go to a certain school for a lot of reasons...if you wanted to do business and don't want to go to a large school, babson doesn't seem like a bad choice...

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Mar 2, 2010

for your info, babson was recently named "hottest business school", is ranked in top 25 overall and #6 in country for financial management. btw it is not just for entrepreneurship, there is an entrep. mindset that is emphasized, but kids go to BBs every year from there, look at the faculty and youll know what i mean, so don't assume that because theyre ranked first in entrepre. means that they are not great in finance (#6 in fin management, come on)

Mar 2, 2010

Target school simply means that banks find it efficient to send on-campus recruiters out there. It says nothing about the school. And the "target" list changes every year. If you attend a target school, it either means there is a higher concentration of smart people on your campus or it means your school is close to an airport with direct flights to NYC.

I think people place too much emphasis on the quality of the school determining target rankings.

I also think more state schools should consider moving their campuses closer to airports that have direct flights to NYC.

Mar 2, 2010

Thank you JBD for reviving a 2 year old thread. Ranking schools is futile and annoying. We all know what schools are targets and which are not.

Mar 2, 2010

Greendale College is the top IB feeder
South Harmon Institute of Technology is also a good bet

Mar 2, 2010
Nabooru:

Greendale College is the top IB feeder
South Harmon Institute of Technology is also a good bet

More specifically, the air conditioning repair school is the best program for S&T. However, recent changes in its management may have negatively affected its relationships with recruiters.

Mar 2, 2010

do a search for "target schools"

Mar 2, 2010

thanks for the top duffmt6.

btw, what are the tier 2 and 3 feeders? i am sure i cant get into the ivies. haha

Mar 2, 2010

Are you looking at any colleges in particular? It'll be tough to give you honest advice without knowing anything about your stats/background/etc.

Mar 2, 2010

Best way to find out is to call HR at the banks you're interested in and ask for the schools at which they do on-campus recruiting. You can also find this on most of the banks' web sites.

It will generally be the usual suspects--HYPSW, Duke, Columbia, etc.--but there are sometimes weird idiosyncracies, especially outside of New York.

Mar 2, 2010

Shit man if you can't fucking use Google I wouldn't hire you.

Mar 2, 2010

The University of Montana Western, DeVry, Portland Community College

Mar 2, 2010

Ball State University - Tuscaloosa

Mar 2, 2010

what the hell is this "feeder" shit? It's called target schools

Best Response
Mar 2, 2010

Tier 1: Harvard, Wharton, Stanford, Princeton, Yale
Tier 2: Cornell, Columbia, Dartmouth, MIT, Oxford, Cambridge, LSE
Tier 3: Brown, Amherst, Williams, Duke, Caltech, UChicago, Stern (NYU)

Tier 4: McIntire (UVA), Ross (Michigan), Haas (Berkeley) West Point, Air Force, Naval Academy, Notre Dame, Northwestern, UPenn CAS

Regional Targets (excluding schools already mentioned):

West Coast:
- Anderson (UCLA), Marshall (USC), Claremont McKenna

South:
- Vanderbilt, McCombs (UT), Rice, Emory,

South East:
- Kenan-Flager (UNC). [Caveat: KF is technically a target but is a top target for Charlotte firms].

East Cost:
- William and Mary, Georgetown

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Mar 2, 2010
blackid:

Tier 1: Harvard, Wharton, Stanford, Princeton, Yale
Tier 2: Cornell, Columbia, Dartmouth, MIT, Oxford, Cambridge, LSE
Tier 3: Brown, Amherst, Williams, Duke, Caltech, UChicago, Stern (NYU)

Tier 4: McIntire (UVA), Ross (Michigan), Haas (Berkeley) West Point, Air Force, Naval Academy, Notre Dame, Northwestern, UPenn CAS

Regional Targets (excluding schools already mentioned):

West Coast:
- Anderson (UCLA), Marshall (USC), Claremont McKenna

South:
- Vanderbilt, McCombs (UT), Rice, Emory,

South East:
- Kenan-Flager (UNC). [Caveat: KF is technically a target but is a top target for Charlotte firms].

East Cost:
- William and Mary, Georgetown

Hard to characterize the military academies as anything considering they have a commitment to honor before they can consider Wall Street. Georgetown places as many people on the Street as the Tier 4 schools.

Mar 2, 2010

Wouldn't agree with that characterization 100%, but fairly representative overall.

Mar 2, 2010

I get that Wharton is good, but no way Penn CAS is Tier 4. There are plenty of econ majors going to IB

Mar 2, 2010

no chicago/midwest love in that regional target list?

Mar 2, 2010

My school isnt there..... fml

GBS

Mar 2, 2010

blackid how did you come up with that list?

For another point of reference, here is Seedy Underbelly's list:

Tiers of IB recruiting:

  • Harvard / Penn-Wharton
  • Stanford / Princeton
  • Columbia / Yale / MIT-Sloan
  • Penn-College / Dartmouth / Cornell-AEM / NYU-Stern / UCB-Haas / Duke / Northwestern / UChicago
  • UVA-Mcintyre / UMich-Ross / Williams / Georgetown / Brown
  • The rest
Mar 2, 2010

The tiers are a joke. If you're a target, you're a target. Where did this whole tier thing come from?? It's almost like WSO-ers pulled a random ranking out of their ass to justify their own views.

FYI, I've visited a few BB offices. Most people I met are from Wharton/Cornell/Harvard/Columbia. I haven't met that many people from Stanford or Yale.

Mar 2, 2010
ThaVanBurenBoyz:

Ball State University - Tuscaloosa

Dude you have Indiana University as one of your schools... I wouldn't being criticizing others. As far as the real world is concerned IU is basically on the same level as BSU, just a little more overpriced and your girls are about 5 pounds lighter.

BANKING FROM THE BREAD BASKET FTW.

Mar 2, 2010

@SECFinance: After you fulfill your commitment it shouldn't be difficult to get an IB job considering the military peeps tend to support each other pretty thoroughly based off this forum and some friends' experiences.

@3176401: I wouldn't pay too much attention to the tiers as they are pretty arbitrary.I wasn't sure where to put Georgetown so I just put it as a east coast target, which means, you know, Wall Street target. Your list is silly, the difference between Harvard and Princeton is marginal at best, same with MIT and Princeton, etc. You don't really believe that a financial econ major at MIT is at such a disadvantage compared to someone at Stanford that they're a tier below, do you? A student at both schools will be capable of getting the same jobs. It's true that there are a few places that only do Harvard/Wharton (like Blackstone I think), but other than a few cases like that, it's too small to matter.

I highly doubt Penn CAS is as good as Stern in terms of placement. Sure you might say the Econ majors, but Penn CAS is alot more than just Econ majors, and even they have a relatively hard time. I'm pretty sure there are more Stern students who go into IB Williams and Amherst place a higher percentage of their people (who are interested in finance) into top places.

The reality is, all of the schools (including regional targets) are sufficient. If you get into any of 'em the only thing to do is just network.

Mar 2, 2010

only pussies rank schools

Mar 2, 2010

Where would Carnegie Mellon/Tepper place? Tier 3?

Mar 2, 2010

I'm a veteran and a soon to be IB analyst. If you pick a service academy for its exit opps, I'm willing to bet you wont last in either the school or the following service commitment.

It's either target or non-target and a hell of a lot of networking regardless. US news rankings are about as likely to prognosticate your chances of getting into IB as they will any other future success you may aspire to.

Mar 2, 2010

I would rank USC marshall as tier 4, i know quite a lot of analysts from there (well in asia)

(O.O)

Mar 2, 2010

Indiana (Kelley) should definitely be on the list... IU places 50+ kids to wall street each year

Mar 2, 2010

Don't forget about the Correspondence College of Tampa. But seriously, who cares about 'Tiers?'

Go to a target school where you feel like you fit in and can be successful. Other than that, do not get so freakin' wrapped up in prestige. To be honest, a place like UVA or UNC places about as well onto Wall Street just as much as those expensive private schools and you will be $70-$80 grand ahead in terms of tuition.

On the subject of the service academies, it is probably worth noting that you cannot piss into the wind in an IB/PE/MC group without hitting half a dozen guys who went to one of them....

Mar 2, 2010

Why is Oxbridge/LSE tier 2?

Mar 2, 2010

Pretty fucking depressing how much you guys care about the ranking of schools

Mar 2, 2010

Mendoza = Booth's rejects.

Mar 2, 2010
Inimical010:

Mendoza = Booth's rejects.

We're talking about undergrad here.

Mar 2, 2010

IU destroys a lot of places in I-Banking, just check out their IB workshop placement.

We get every BB, several elite boutiques (like Lazard) every year, and several mid market places.

I mean hell, look at the IB club president this year.
http://video.cnbc.com/gallery/?video=3000024302
And yes, he'll be working at Blackstone.

IB Workshop kids = ballers.

Mar 2, 2010

Jesus people, the tiers are arbitrary, only thing that matters if they're targets or not.

Mar 2, 2010

Theres always one indiana or notre dame guy in every forum.

Mar 2, 2010
UkraineTrain:

Theres always one indiana or notre dame guy in every forum.

There's a pretty big difference between Notre Dame and Indiana.

Mar 2, 2010

Haha I was just sayin. One of those schools are always missing from the list and someone out of the blue always goes "what about Indiana?"

Mar 2, 2010

I can confirm Indiana is legit. I summered with and will be returning to an elite boutique, and Indiana has the biggest presence in my incoming analyst class (narrowly beating Wharton, Michigan and NYU).

Just one point of reference, but still a point of reference none the less.

Mar 2, 2010

From a nominal count, NYU Stern is definitely Tier 1. That being said, everyone from Stern appears to want to do banking.

Mar 2, 2010

Cornell Tier 2??????????

Mar 2, 2010
mynameistizzle:

Cornell Tier 2??????????

Funnily enough I've seen more Cornell (and Columbia) than Yale/Princeton on my trips to BBs.

Mar 2, 2010

thanks for the input. how would you compare duke and georgetown? which one is better in terms of campus, career opps(IB) as well as financial aid since i am international

Mar 2, 2010

Shocker that all the Ivys feed into the other Ivys.

Mar 2, 2010

What about University of Phoenix? DeVry?

Mar 2, 2010
Bruce Wayne:

What about University of Phoenix? DeVry?

Might wanna talk to Prestigious Pete about that one.

Mar 2, 2010

OP - shitty consistency with links. I dock you 5 house points.

Mar 2, 2010

These links prove that going to an undergraduate biz program doesn't help you get into an elite b-school. Look how poorly NYU, Boston College, Indiana, and UMich do despite their highly ranked BBA programs.

<10 accepted to HBS from UT-Austin and Michigan last year..LOLLERSKATES!

Mar 2, 2010
eldiablo4857:

These links prove that going to an undergraduate biz program doesn't help you get into an elite b-school. Look how poorly NYU, Boston College, Indiana, and UMich do despite their highly ranked BBA programs.

<10 accepted to HBS from UT-Austin and Michigan last year..LOLLERSKATES!

In my opinion, that's more a function of those schools' overall ranking or competitiveness than their undergraduate business programs. Ross, for instance, far outpaces UMich as a whole ... as does Stern to NYU. Also, you get the phenomenon where those with an undergrad business degree may feel already prepared for their career and view the MBA as an unnecessary luxury for their situation. Naive of you to shitbag non-Ivy schools.

Mar 2, 2010

Firms like BX, Lazard, Evercore actually do take undergraduates into their rx group -- mainly Harvard graduates, and some Wharton.

Essentially none of them will have a background at a firm like FTI...I just don't see them in the same league as the aforementioned firms. It'd be much more common to see BB IBD (or something like LevFin, Distressed/Special Sits group) --> b-school (again, H/W/S) --> associate in rx.

Rothschild, perhaps Miller Buckfire (although slightly on the decline) HLHZ, GH, etc should be in the conversation.

Mar 2, 2010

You should also note that some elite boutiques structure their analyst (and maybe associate) programs as a generalist scheme. For example, GHL does this, while LAZ splits M&A and Restructuring more rigidly, at least in its Chicago office.

Mar 2, 2010

Alvarez & Marsal and FTI Consulting are definitely not in the same category as Evercore, Lazard, and Blackstone.

Mar 2, 2010

Houlihan Lokey Restructuring is phenomenal, surprised you didn't mention it. They're located in LA. They recruit analysts from the West coast targets. No idea if the Ivy kids have OCR for it.

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Mar 2, 2010
triplectz:

Houlihan Lokey Restructuring is phenomenal, surprised you didn't mention it. They're located in LA. They recruit analysts from the West coast targets. No idea if the Ivy kids have OCR for it.

I did mention it.

Mar 2, 2010

what about Rothschild HK, would you guys elaborate more about exit opps and deal flow in Asia?

Mar 2, 2010

HL and Rothschild are solid...should be added to the list. HL also has a restructuring office in Dallas....mainly pull from Texas schools but you should certainly try to drop lines there.

Mar 2, 2010

Thanks for all the comments.

I do view HLHZ in the same league as Blackstone, Lazard, and Evercore, but I understand their focus would creditor work, whereas the others focus is on debtor work..

In my question, I was looking to gauge the class of shops just below the top shops (above).

Tell me how these looks....
.
1. BX, Lazard, Evercore, and HLHZ
2. Greenhill, Rothschild, Miller Buckfire, Moelis?
3. A&M, Alix, FTI ?

Thanks

Mar 2, 2010
ripken818:

Thanks for all the comments.

I do view HLHZ in the same league as Blackstone, Lazard, and Evercore, but I understand their focus would creditor work, whereas the others focus is on debtor work..

This is a common misconception and isn't their modus operandi.

Mar 2, 2010

you need to differentiate between balance sheet restructuring and operational restructuring... completely different field of work

Mar 2, 2010

For dealflow in Restructuring it usually goes:

  1. HLHZ (really big on creditor side, not so much on debtor side)
  2. Lazard (does both, leaning towards debtor side)
  3. Moelis (mainly debtor side, some creditor side)
    4t. Blackstone/Evercore (both get staffed on big name restructuring deals for debtor side, but dealflow is not there simply because they don't have the same amount of restructuring bankers the previous three shops have)
    • 1
Mar 2, 2010

Very helpful. Thanks.

Who is in the 5th & 6th Tiers?

Mar 2, 2010

Perella Weinberg and Greenhill also have very solid restructuring practices.

Mar 2, 2010

take a&m and fti completely out of this thread and your head. not even worth mentioning them.

Mar 2, 2010
    • 1
Mar 2, 2010

Rothschild perhaps...

Mar 2, 2010

jgx101 is a troll (if it isn't obvious). BBs can't do much restructuring, if any, since they're frequently creditors and there would be significant COI.

    • 1
Mar 2, 2010
triplectz:

jgx101 is a troll (if it isn't obvious). BBs can't do much restructuring, if any, since they're frequently creditors and there would be significant COI.

Both GS and MS have decent experience in RX (however both are winding down their franchise and or having trouble attracting senior level talent), and you don't think there are COIs when Blackstone are the sponsor and advising themselves on the restructuring while GSO are in the debt? But yea, BBs tend to stay away because it's not worth the effort.

Mar 2, 2010
  1. HLHZ
  2. Lazard
  3. Moelis
  4. Blackstone
  5. Evercore
  6. Rothschild
  7. Greenhill
    7.Perella Weinberg
  8. Miller Buckfire?

I am curious who falls into the next tier?

Where do these firms fall?
- AlixPartners
- Alvarez & Marsal
- Macquarie
- Duff & Phelps

Mar 2, 2010
ripken818:

1. HLHZ

2. Lazard

3. Moelis

4. Blackstone

5. Evercore

5. Rothschild

6. Greenhill

7.Perella Weinberg

8. Miller Buckfire?

I am curious who falls into the next tier?

Where do these firms fall?

- AlixPartners

- Alvarez & Marsal

- Macquarie

- Duff & Phelps

The best restructuring shops based on what I've seen are Evercore, BX, Houlihan, and Lazard. Don't think any are necessarily better than others. Have not seen Moelis on that many deals

To answer the OP's question. All of these places hire from undergrad just like regular banking groups. BX restructuring for example is like 60% - 70% wharton and maybe 1 or 2 harvard.

Mar 2, 2010

add centerview and Jefferies somewhere in your list, and imperial at the bottom

as for the bottom guys on your list - alix and A&M do restructuring consulting, which is completely different from banking

Mar 2, 2010
frank_reynolds:

add centerview and Jefferies somewhere in your list, and imperial at the bottom

as for the bottom guys on your list - alix and A&M do restructuring consulting, which is completely different from banking

I would disagree. If you're not doing restructuring work at a reputable shop it would be better to to Lev Fin / M&Aat a BB. Jefferies RX is horrible (especially in Europe where they keep on trying to attract top level talent and constantly fail).

Mar 2, 2010

There are tons of threads on this, so please look this up next time, but I'll direct you:

(From your list)

TOP: UPenn (Penn is clear and away the best on the list)

Tier 2: NYU, UChicago, UC Berkeley, UVA (NYU and UChicago are better than the other two but they're all really good schools)

Semi: UIUC, UT Austin, UCLA, IU, UNC

If I had to list them in order:

  1. UPenn
  2. NYU/UChicago
  3. UC Berkeley
  4. UVA
  5. UT Austin
  6. IU/UNC/UCLA

These rankings really are subject to the region you want end up (west coast, Houston, Chicago, NY..etc). UCLA and UC Berkeley place high into SF IB. This list will got a lot of different comments, but generally these schools really blend together.

I think if you get into any of the TOP, Tier 2, or Semi schools, you should be find with good networking and solid experience.

The rest of the schools kind of fall below these. Amherst is a special case because it's a much smaller school and is primarily for liberal arts students. I would consider Amherst at the semi target ranking.

Mar 2, 2010

Amherst is 100% bona fide full target. Probably sends a higher % to the street than Penn.

Mar 2, 2010

These colleges are all over the map OP. You have huge state schools but also tiny liberal arts colleges. I'd focus first on figuring out what kind of environment you might like better and then you can decide on which might be best for your career. And as said earlier, IB placement isn't the only thing that matters at a school

Mar 2, 2010

Econ and math major at one of the top schools on your list, PM me and I can give more insight on the recruiting