Getting into IB from Kelley

Anonymous Monkey's picture
Anonymous Monkey

Kelley is an obvious choice for me as I live in Bloomington and my Dad is a professor at IU. I recently got directly admitted to Kelley and can go for virtually free ( like 2k a year). However is it worth considering other schools if I want to work for IN or even BB? Or are the increased chances to get in not worth the extra cost I would have to pay for college. And what are the odds of getting into IB form Kelley? Any advice is appreciated.

Comments (22)

Nov 13, 2019

Not at IU, but a different B1G school. Past two summer internships (MM IB in CHI) have had seen tons of Kelley guys, definitely need to be in IBW though. Two guys were great and I still talk to regularly, one guy sucked. The kid never shut up and was always smiling (kinda like the dog from the movie Up tbh). But yeah, do IBW at Kelley and you'll be fine for BB, EB, and MM IB from my understanding.

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Nov 13, 2019

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Nov 13, 2019

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Nov 13, 2019

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Mar 31, 2020

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Mar 31, 2020

1) What commercial banking role is going to pay you $100K while working less than 60 hours / week? I am an alumni 3-4 years out of the University from 2016 and I can tell you with certainty to not listen to this advice. A corporate banking position at JPM / GS / MS will lead to significantly less versatile exit opportunities than a traditional M&A / IBD position will, let alone a "Canadian bank in Chicago" will (Most likely BMO Harris as they recruit on campus)

2) I posted this on another thread, but I will re-post for reference. Also, feel free to PM me to discuss the IU Program as I am 3-4 years out as an alum.

Going to IU is quite a big gamble on getting into the IB Workshop and much of the recruitment process, aside from GPA (even this can be manipulated based on what classes you take in what order), isn't something you can control considering much of getting in has to do with subjective measurements (Business Frats / Greek Life Connections which is predicated on what high school you went to and who you were friends with). For example, the minimum GPA to even apply for the IB Workshop is a 3.60 GPA and every year multiple candidates will gain admission while being significantly below this threshold mainly if they are a Diversity Candidate, but also through business fraternity / social fraternity connections. Also, a 3.80+ candidate can get axed over a 3.50+ candidate due to being an "optimal social-fit" - I.E. you play lax and got into one of the 4-5 well represented Greek Organizations freshman year.

Furthermore, all the top banks will ask the professor that runs the program for his "recommendations" on which candidates to interview and he will provide "recommendations" based on a few criteria (firm preference / GPA / mock interviews). Do you really think he'll recommend a 'Non-IB Workshop' candidate for the 1 Goldman / 1 Evercore / 1 JPM spot considering he is incentivized to achieve 100% student placement? -Answer: No

Is it possible to get offers without the workshop? - Absolutely, many do it every year, however, it is SIGNIFICANTLY more difficult and your prospects will 100% decrease to the point where if you are able to receive an offer to an MM bank such as a SunTrust / BMO / Piper Sandler / Baird without the Workshop, you would most definitely be guaranteed a spot at a BAML / Barlcays / Citigroup / MoCo etc if you were in the IB Workshop.

With that being said, the TOP job placements at IU are actually on par with the top placements at any Non-Harvard/UPENN schools (UCLA / UVA / Georgetown / Cornell) with a few kids joining the Blackstone / PJT analyst classes. However, much of your fate at IU is unfortunately decided your freshman year based on what fraternity you join and your relationship with the IB Workshop Professor / Upper Classmen.

With all that being said, despite placing ~80+ candidates/year, as an alumni I would have to admit to IU being a 'Non-Target' school because there are so many 'what-ifs' involved when evaluating a candidate from the school (ex: being a straight white/Asian male will make it categorically more difficult to place into the IB Workshop / Finance Societies).

Also ~80 placements in a Kelley class of 2,000+ every single year (when I graduated around 2016-2017, many of the 'average to above average Kelley students' had no clue as to where they would be working post-graduation as an 2nd semester senior) is quite weak. A target school is classified as a place where someone NOT in the top 5-10% of the University can still gain a relatively selective position.

In all, IU Kelley is a GREAT option if you are unable to gain admission to a 'Prestigious-University'

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Jun 2, 2020

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  • Analyst 2 in PE - Other
Jun 12, 2020

I think you're a couple years out and unless you're actively recruiting at IU now, then your info may be outdated.

  1. Corporate banking does make $100k right out of school, have had numerous friends a few years back that have showed me their offer letters + comp at large BB banks in the corporate banking division. Also, please see below

https://www.wallstreetoasis.com/forums/2018-2019-c...

  1. Kelley has tried to make the effort to diversify its efforts as the number of students increase which is why they established the CMBW which sends kids to IB and CB,
  2. I actively recruit at IU among various other top business schools and have developed a relationship with the workshop / club directors or student leaders at the schools I recruit at (IU, Michigan, Upenn, etc). In terms of IU, the IBW will send ~80 kids a year into IB, the CMBW sends about ~30 and you'll have ~20-30 kids outside of the IBW/CMBW get jobs so it'll be around 130-140 students in total that go into the industry
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Most Helpful
Nov 13, 2019

It will be easier to get into IB if you go to an even better school. If you don't care and really like Indiana, you can still get into IB if you work your ass and get into the IBW.

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Dec 4, 2019

Hey man change your username lol.

Array

Jun 12, 2020

There's a clearly defined path to Banking from Kelley. My EB has a decent amount for NY from IU, I'm sure there's a ton of Hoosiers at other firms too.

  • Associate 3 in PE - Other
Jun 15, 2020

Definitely possible to get IB outside of IBW. Obviously if you are in the IBW it will be much easier. As someone else noted, from IBW you can get a job essentially anywhere, which is quite impressive.

Since the IBW recruiting process is so early, you could potentially transfer to another school if you don't get in?

  • Analyst 1 in IB - Ind
Jun 15, 2020

Hey,

All I'm going to say is get into the IBW. If you don't, you will be discriminated against the entire time you are recruiting. I used to network my way up to speaking to MD's, and get literally hung up on when I told them that I was not in the IBW. They've apparently attempted to fix the nepotism associated with business fraternities and normal Greek life, but it's still there.

Ultimately, IU can be a phenomenal school to go to, literally a target school for Moelis NYC and CHI, but you should put some serious thought into how to best conduct yourself at Indiana and how you build a network and reputation with the upperclassmen. I know, for example, a person who unknowingly offended a senior in the IBW as a sophomore and this individual ended up getting blackballed. Unfortunately a collection of 21 and 22 year olds stand at the gates of this fantastic resource that is the IBW, and there will be circumstances when the judgement of candidates will be immaturely conducted.

So in conclusion, go join a fraternity or sorority and use that to your advantage. Also side note because these kids read this site every day, I'm now in top group at a BB, and did it despite everything, so it is possible.

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  • Intern in IB - Gen
Jul 8, 2020
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