Goldman Sachs is Anti-Ivy-League?

22bells's picture
Rank: Senior Chimp | 27

Gives hope to non-targets? Browse random IBD ANALYSTS (not VP, MD, etc.) in LinkedIn and you will see a very clear trend: almost nobody has Ivy League degrees. My guess is something like 1/3 at the most, and of those with ivy degrees on their profile we see a clear bias towards business/business-like ivies like Wharton and Princeton. I'm looking mostly at NYC but I imagine the trend gets even more severe outside of Manhattan.

Compare that to Morgan Stanley...

Comments (30)

May 23, 2011

Most front-office employees at GS are NOT on LinkedIn. It is discouraged.

Most GS employees on LinkedIn are back office, outside contractors, etc.

"The American father is never seen in London. He passes his life entirely in Wall Street and communicates with his family once a month by means of a telegram in cipher." - Oscar Wilde

May 23, 2011
veritas14:

Most front-office employees at GS are NOT on LinkedIn. It is discouraged.

Most GS employees on LinkedIn are back office, outside contractors, etc.

Uhh, most of the FO GS guys I know are on linkedin.

And there does seem to be some credence to this- GS does on-campus recruitment for FO positions at most flagship state schools in addition to a number of "non-target" private schools. Obviously target school kids probably are overrepresented there relative to the population of students at Rutgers, but I do think it's more than just a rumor that GS puts less emphasis on which college you attended than other banks.

May 23, 2011

Limit your search to investment banking, ficc or equities s&t and see what you get

May 23, 2011

I of course am limiting my search to front office IBD positions only. The trend is very much there.

May 23, 2011

Ha...rubbish

May 23, 2011

well he must've just seen the first few listed (which admittedly are none ivy league):

associate: http://www.linkedin.com/profile/view?id=21066188&a...1_1_1_1_1_1_1_1382_1_Y_1_1_1_false_1_R_true_1_2_2_2_2_2_1382_2_2_2_2_2_2_2_2_2_2_2_2_2_2
MD: http://www.linkedin.com/profile/view?id=693790&aut...1_1_1_1_1_1_1_1382_1_Y_1_1_1_false_1_R_true_1_2_2_2_2_2_1382_2_2_2_2_2_2_2_2_2_2_2_2_2_
2
VP: http://www.linkedin.com/profile/view?id=24354183&a...1_1_1_1_1_1_1_1382_1_Y_1_1_1_false_1_R_true_1_2_2_2_2_2_1382_2_2_2_2_2_2_2_2_2_2_2_2_2_2
MD: http://www.linkedin.com/profile/view?id=253724&aut...1_1_1_1_1_1_1_1382_1_Y_1_1_1_false_1_R_true_1_2_2_2_2_2_1382_2_2_2_2_2_2_2_2_2_2_2_2_2_
2
VP: http://www.linkedin.com/profile/view?id=13676924&a...1_1_1_1_1_1_1_1382_1_Y_1_1_1_false_1_R_true_1_2_2_2_2_2_1382_2_2_2_2_2_2_2_2_2_2_2_2_2_*2
VP: http://www.linkedin.com/profile/view?id=4015302&au...
VP: http://www.linkedin.com/profile/view?id=4320714&au...
VP: http://www.linkedin.com/profile/view?id=7393833&au...
already in that list, rutgers showed up twice. no ivies. 1 NYU and 1 Duke and 2 Northwestern. all of them went to regular undergrads. thats just the front page on linkedin's goldman sachs

May 23, 2011

I'm talking about at the Analyst level The higher up you go, I admit, you see more ivy league. But if you filter for Analysts in IBD you get 1/3 ivy league best. I compared this to Morgan Stanley as a check and it's a totally different story.

May 23, 2011

The first three profiles are of people that actually work in banking, and they did go to pretty respectable schools (IIT, Northwestern, etc) if not ivy leagues. IIT is the best engineering college in India (an acceptance rate of 1% in a country of over a billion people), and Northwestern is a top 5 MBA school. The other profiles are of VPs in non-banking divisions.

May 23, 2011

I think this has more to do with Goldman's aggresive recruiting practices. Theyll look at and interview tons of people to find the best candidates.

May 23, 2011

That's like going to a dating website and looking at the girls and finding that none of them are gorgeous, and determining that there are no gorgeous girls in existence. Or worse yet, looking at public profiles on said dating site, which many are not. They don't need dating sites to meet people, and if they are on there, you bet they will be private profiles.

May 23, 2011

Take my argument as one that is evidential not conclusive: we have good evidence to suggest that Goldman Sachs does not select heavily for Ivy League grads.

Here is another piece of evidence: whatever social stigma prevents ivy league grads from putting their Goldman cred on LinkedIn would also probably exist at MS, yet there we don't see that trend. Therefore we have more evidence to suggest that Goldman does not select heavily for Ivy League grads.

May 23, 2011
22bells:

Take my argument as one that is evidential not conclusive: we have good evidence to suggest that Goldman Sachs does not select heavily for Ivy League grads.

Here is another piece of evidence: whatever social stigma prevents ivy league grads from putting their Goldman cred on LinkedIn would also probably exist at MS, yet there we don't see that trend. Therefore we have more evidence to suggest that Goldman does not select heavily for Ivy League grads.

Your 2nd point holds water (if stated facts are true), unless Goldman specifically has a policy of discouraging a LinkedIn presence. Perhaps non-Ivy grads are more likely to disregard such a policy than Ivy grads. Or perhaps many simply lie about being in a FO position, and are actually somewhere else within Goldman.

PS - I am arguing strictly for the sake of arguing, couldn't care less if this is actually true or not, so feel free to disregard

May 23, 2011

take it for what it is worth, but GS recruits on my campus, while most of the rest of the BB does not.

May 23, 2011

I'm not quite sure if this is a troll post or not, but I'll assume it's real and give an answer.

GS recruiting focuses on hiring the best. period. There's some bias to HYP, but not as much as at other firms. That said, GS has one of the largest HYP representations I've seen. This speaks more of HYP quality than of any HYP blinders recruiters wear. So yea, you'll see fair few non-targets, but these are the creme de la creme.

Another explanation has to do with GS's own prestige (I've observed this myself, and have had people at other BBs confirm this). Let's assume 100 mad-legit non-target (btw NW, IIT are targets fyi so they're excluded from the non-taget list) are interested in FO finance. These 100 will blow most ivy leaguers out of the water. A large % (say 40) of these 100 will goto GS b/c they are essentially the best. Assuming 10 other firms ... that translates to 6 per firm assuming a uniform distribution across those 10 (distribution and number are not necessarily true, but you get the point).

May 23, 2011

Based on the class breakouts we always see posted here, those numbers make sense.

1/3rd is small? If any major global firm is hiring more than 40% of their workforce from 6 schools that would be a bit excessive.
Business Majors should get internships easier, know they want banking early, thus more of them should be hried. Same reason most of the boutiques hire undergrad biz kids.

May 23, 2011

Declaring a firm is "anti-Ivy League" because of a LinkedIn search is probably one of the more absurd pieces of analysis I have heard of...don't you have better things to do than stalk GS-ers on LinkedIn?

If you really want to know about a firms culture why dont you get to know/ask someone who WORKS there rather than engage in this rediculous speculation, or spend your time focusing on getting a good GPA and preparing for campus recruiting

otherwise, who cares? not like you can do anything about it...

May 28, 2011
deal_mkr:

Declaring a firm is "anti-Ivy League" because of a LinkedIn search is probably one of the more absurd pieces of analysis I have heard of...don't you have better things to do than stalk GS-ers on LinkedIn?

If you really want to know about a firms culture why dont you get to know/ask someone who WORKS there rather than engage in this rediculous speculation, or spend your time focusing on getting a good GPA and preparing for campus recruiting

otherwise, who cares? not like you can do anything about it...

+1

May 23, 2011

GS is not Anti-Ivy as much as they don't really care as much as some of the other BB's. They tend to look for talent everywhere because they have a specific type of person in mind.

May 23, 2011

by "specific type of person" ,KB24TD21 is, of course, referring to is the sort of kid who loves goldman and its culture, unconditionally.

May 23, 2011

by "specific type of person" ,KB24TD21 is, of course, referring to is the sort of kid who loves goldman and its culture, unconditionally.

May 23, 2011

"That said, GS has one of the largest HYP representations I've seen."

There is not a single Yale 2010 grad working in GS IBD according to LinkedIn. I count 3 Harvard 2010ers. I count 2 Princeton 2010ers (I know for a fact is understated). Of course these are just samples, and there are more HYP kids at GS who didn't post it on their LinkedIn, but so too is that the case for other firms.

Point remains: this is low for GS when compared to other firms. And this is HYP!

May 23, 2011

Do the people you can see on linkedin depend on who you are connected to? Maybe if you go to a nontarget you will have more nontarget connections and thus can see more nontarget people at GS than a person at an ivy would.

May 23, 2011

GS casts a wide net in terms of analyst recruitment (HBCU's, nontargets, the whole gamut)

Morgan Stanley is the "white shoe" firm i.e. recruits heavily from traditional targets.

May 23, 2011

I know a few yale 2010's at GS ibd this year. stop using linkedin to form generalizations and reporting your results as if there's any certainty. and get a life too, none of this has any influence on you. everything important matters at the level of the individual.

there are effing morehouse kids with 3.5s sitting next to hyp kids with a 3.8 in econ. it all comes down to the person.

May 24, 2011

My personal experience is that in none of my Goldman Sachs interviews did I get a question about my time at college, in any way, shape, or form. Everything could get filed under three or four categories. Markets/economic trends, personal character under pressure, and why I thought I was the best candidate in the applicant pool. I did not mention my school, nor did they, and they never really cared that I go to a state school outside of the USN top 100 (far outside I may add). I got the interview through cold emailing, no OCR, and from there I made sure to impress the right people. Just like any place else. This was for S&T, can't speak for IBD as I was never interested in that career path.

May 24, 2011

Can't comment on IBD, but I've looked through the Goldman class of 2010 S&T face book and Harvard, Princeton, and Wharton makeup a huge percentage of the class. My memory could be incorrect, but I'd guess, that year S&T was about 2/3 target schools, if not more. I would be shocked if IBD was that much different.

May 27, 2011

what about this guy?

http://www.linkedin.com/profile/view?id=2269521&pi...
but it seems like MO or is FO?

May 27, 2011
TheKid1:

what about this guy?

http://www.linkedin.com/profile/view?id=2269521&pi...
but it seems like MO or is FO?

even if he was who cares there are always outliers...

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

WSO is not your personal search function.

May 27, 2011
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May 28, 2011