7/16/06

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.

Comments (138)

7/17/06

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-

Investment Banking Interview Course

3/2/10

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

3/2/10

Shocker that all the Ivys feed into the other Ivys.

3/2/10

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.

Sometimes lies are more dependable than the truth.

3/2/10
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.

3/2/10
GoodBread:
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.

Greendale's security system seems to be driving away students lately.

7/17/06

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.

3/2/10

do a search for "target schools"

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."

3/2/10

What about University of Phoenix? DeVry?

3/2/10

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.

3/2/10
Bruce Wayne:

What about University of Phoenix? DeVry?

Might wanna talk to Prestigious Pete about that one.

I hate victims who respect their executioners

3/2/10
BlackHat:
Bruce Wayne:

What about University of Phoenix? DeVry?

Might wanna talk to Prestigious Pete about that one.

You might as well go get your degree from a gas station.

3/2/10
Prestigious Pete:
BlackHat:
Bruce Wayne:

What about University of Phoenix? DeVry?

Might wanna talk to Prestigious Pete about that one.

You might as well go get your degree from a gas station.

I resent this. DeVry (and DeVry Tech) is (are) clearly the most prestigious for-profit university.

3/2/10
hamm0:
Prestigious Pete:
BlackHat:
Bruce Wayne:

What about University of Phoenix? DeVry?

Might wanna talk to Prestigious Pete about that one.

You might as well go get your degree from a gas station.

I resent this. DeVry (and DeVry Tech) is (are) clearly the most prestigious for-profit university.

That's like saying which is the most prestigious kind of manure. Sure, you can vigorously debate all day, given you have horse manure, sheep manure, cow manure, rabbit droppings, goat manure, poultry manure, and last but not least, pigeon manure. Maybe one has too much nitrogen but not enough phosphorus. Maybe one has a shorter composting time but is harder to handle. But at the end of the day...you're still just talking about animal dung.

  •  7/17/06

Tier II - Notre Dame

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

3/2/10

thanks for the top duffmt6.

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

3/2/10

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

"There are three ways to make a living in this business: be first, be smarter, or cheat."

3/2/10

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

  •  7/17/06

Correct. Wharton different from SAS.

  •  7/17/06

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

3/2/10

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.

3/2/10

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!

3/2/10

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.

3/2/10
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.

Most people do things to add days to their life. I do things to add life to my days.

Browse my blog as a WSO contributing author

3/2/10
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.

Sometimes lies are more dependable than the truth.

3/2/10
APAE:
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.

I agree that the quality of students at ross or stern undergrad or ut austin Plan II business honors, is far higher than the regular student body as a whole. And if you do well at any of those programs you will be just fine. Nonetheless, they do seem to underperform in terms of getting into top b-schools. Who knows what the factors are behind it. Perhaps they do not want to repeat a business curriculum and stay put at their jobs, or they only apply to HSW and get dinged.

3/2/10

Or maybe those kids go back to UTx / Michigan for MBAs.

  •  7/17/06

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.

  •  7/17/06

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.

7/17/06

Link to data?

I'm 100% sure UVA does not hang with many of the top tier schools (Yale, Stanford, Princeton, etc).

  •  7/17/06

http://www.commerce.virginia.edu/career_services/E...

requires pdf reader

of the 85% of students entering the workforce (276 people), 30.2% (83) go into IB. You can see the employer breakdown near the end. Is UVA a feeder school into goldman? no of course not, but in terms of percentage of class going IB it has to be near the top.

of course i may be way off, so please present evidence to the contrary

  •  7/18/06

The original poster was making a thread about feeder schools to top BBs, not feeder schools into careers in Investment Banking. With that said, the original poster is absolutely correct in not including UVA as a top tier feeder, and instead placing it in the 2nd tier. The above report definitely supports his/her conclusions.

While UVA sends many students into IB, among the top BBs the representation is fairly poor, certaintly when compared to the schools the OP lists in the top tier. Even the schools on the bottom of the first tier (Northwestern for e.g. sends way more kids to Goldman every year, for lower ranked BBs like JPM its not even comparable). Thus while 83 kids might be going into IB I would bet that the majority of them are going into middle market banks and not the top dogs. Also another good indicator that UVA is not a top tier feeder is to look at the Management Consulting firms that recruit there. BCG shows UVA some love but I only because they ahve a fairly decent sized office in DC. Notice that Bain and especially McKinsey did not hire, with the latter not even recruiting at UVA. McKinsey recruits at all the top tier schools the OP lists.

  •  7/18/06

ok i can't refute those points, you are undoubtedly right about fewer getting into the top bb's, and it is probably second tier. but the op has it listed in the fourth tier below places like Carleton, JHU, Illinois, wash u etc i'm not buying that.

  •  7/18/06

I think OP ordered them within regions. So UVA is a first tier school in the south but not in the first tier overall.

  •  7/18/06

well aren't I brilliant today. you're right again, as you can see my uva pride is easily offended

  •  7/18/06

Its okay I'm quick to get on the defensive as well.

UVA is a great school, I'm from NOVA and have some friends who go there. Beautiful campus and the girls are much better looking there than where I goto school.

Investment Banking Interview Course

7/18/06

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

3/2/10

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.

3/2/10

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

7/18/06

Really? I haven't heard of this before.

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

7/19/06

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.

  •  7/19/06

Thats great to hear.

BC I suppose is a feeder, though I do not think it is a major feeder.

  •  8/9/06

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

3/2/10

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

3/2/10

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.

XX

8/10/06

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

3/2/10

The University of Montana Western, DeVry, Portland Community College

3/2/10

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

3/2/10
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.

"After you work on Wall Street it's a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side." - David Tepper

8/10/06

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

3/2/10

Ball State University - Tuscaloosa

3/2/10

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

3/2/10
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.

3/2/10
Inimical010:
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.

I wasn't seriously criticizing any school, it was a joke to point out how fucking amateur it is to tier schools. Hence, the "- Tuscaloosa" next to Ball State.

As for your thoughts on IU, revisit them once you actually join the real world.

3/2/10
ThaVanBurenBoyz:
Inimical010:
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.

I wasn't seriously criticizing any school, it was a joke to point out how fucking amateur it is to tier schools. Hence, the "- Tuscaloosa" next to Ball State.

As for your thoughts on IU, revisit them once you actually join the real world.

What about Norte Dame?

3/2/10

blastoise:

What about Norte Dame?

  •  8/11/06

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

3/2/10

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

3/2/10

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)
8/18/06

Google "Pomona College."

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

Best Response
3/2/10

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

3/2/10

Very helpful. Thanks.

Who is in the 5th & 6th Tiers?

3/2/10
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.

MM IB -> TMT Corporate Development

  •  8/18/06

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.

3/2/10

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

Most people do things to add days to their life. I do things to add life to my days.

Browse my blog as a WSO contributing author

3/2/10

Perella Weinberg and Greenhill also have very solid restructuring practices.

  •  8/18/06

no text

3/2/10

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

3/2/10

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

8/18/06

thanks!

3/2/10

no chicago/midwest love in that regional target list?

3/2/10
8/18/06

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.......

3/2/10

My school isnt there..... fml

GBS

3/2/10

Rothschild perhaps...

8/18/06

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.

3/2/10

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
3/2/10

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.

3/2/10
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.

"After you work on Wall Street it's a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side." - David Tepper

8/19/06

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

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

3/2/10

@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.

3/2/10
  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

3/2/10

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.

3/2/10

abcdefghij:

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.


curious how people feel about LAZ RX as of late. heard through the grapevine that they've lost of heavy hitters due to poaching and internal power struggles.
3/2/10

kidflash:

abcdefghij:
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.

curious how people feel about LAZ RX as of late. heard through the grapevine that they've lost of heavy hitters due to poaching and internal power struggles.

Actually you're right...there are definitely some changes going on in that group. I think one analyst just lateraled over to BX.

3/2/10

a guy at BX told me that LAZ rx is having a lot of problems right now. toxic atmosphere

3/2/10

kidflash:

abcdefghij:
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.

curious how people feel about LAZ RX as of late. heard through the grapevine that they've lost of heavy hitters due to poaching and internal power struggles.


Some senior guys just left to start a fund. Been hemorrhaging for a while now.

"After you work on Wall Street it's a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side." - David Tepper

1/7/07
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?"

8/19/06

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.

3/2/10

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.

3/2/10

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

3/2/10
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).

"After you work on Wall Street it's a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side." - David Tepper

8/19/06

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

3/2/10

only pussies rank schools

8/28/06

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

jimmylse09: really, goldman was 2nd biggest employer?

3/2/10

Where would Carnegie Mellon/Tepper place? Tier 3?

8/29/06

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.

3/2/10

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.

8/29/06

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.

3/2/10

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

(O.O)

8/29/06

"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

3/2/10

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

1/7/07

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

3/2/10

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....

1/7/07

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.

3/2/10

Why is Oxbridge/LSE tier 2?

1/7/07

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.

3/2/10

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

1/7/07

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.

3/2/10

Mendoza = Booth's rejects.

3/2/10
Inimical010:

Mendoza = Booth's rejects.

We're talking about undergrad here.

1/7/07
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?

1/8/07

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

3/2/10

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.

1/8/07

Boston University?

3/2/10

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

1/8/07

Babson College?

These names are not familiar.

3/2/10

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

3/2/10
UkraineTrain:

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

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

1/8/07

Is that the Wachovia facebook?

3/2/10

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?"

1/8/07

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...

3/2/10

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.

1/8/07

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

3/2/10

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

1/8/07

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...

3/2/10

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

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