How is UChicago IB recruiting?

I will be a first year at UChicago this fall. Are there any recent Chicago grads who can shed light on the recruiting process? In your experience, how many people were interested in an IB job, and how many ended up with a solid offer (BB/EB/MM)? What was the toughest part about the recruiting process: keeping a high GPA at a tough school, networking, getting stepping stone internships, interviews?

Sorry if this post seems redundant. I thought about posting because the other info regarding UChicago on this forum seemed either outdated or not specific enough.

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Comments (17)

  • Prospect in IB - Gen
Aug 9, 2020 - 9:31pm

I never went to UChicago but am very familiar with the school. It's a good place for recruiting. However, you need to make sure that you get involved with finance groups on campus, network with alumni, and maintain a high gpa. If you don't take leadership roles or go the extra mile, you may have difficulty standing out during the cutthroat recruiting for top BBs/EBs.

Considering that you are posting on here and are interested so early in the game, you should not have a problem breaking in. People "break in" from significantly worse schools. Obviously, not every UChicago kid gets into a great shop but I'm sure that you will do fine/place better than the UChicago kids at Stout (lol)

  • Analyst 2 in IB-M&A
Aug 9, 2020 - 9:49pm

Dude I went there and no one who got into IB from that school does "leadership." What the fuck kind of leadership can a 20 year old have? It's almost entirely BS and everyone in IB knows that

  • Prospect in IB - Gen
Aug 9, 2020 - 10:01pm

Sure, it might be BS but it's better to be VP of the women in business group or president of an investement group than just a member who shows up once a semester. Being able to talk intelligently about clubs and roles within those groups helped me greatly in IB recruiting. It's part of the game: the ability to make a mediocre experience sound great.

Funniest
Aug 9, 2020 - 10:03pm
ProspectΒ inΒ IB - Gen:

ability to make a mediocre experience sound great.

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"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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  • Analyst 2 in IB-M&A
Aug 9, 2020 - 10:16pm

I went there. Never once did I get asked about my club positions during an IB interview. If anything questions about clubs are lumped in with questions about hobbies/free time. Sure it could look good if you're president of TBC (top finance club there) but most of all leadership positions are for 4th years. No one has them when they're interviewing as second years/ first quarter third years. A 20 year old saying he's the vp of the model un or the "senior credit analyst" of a 10 person Robinhood trading club is going to incite internal laughter, not impress

The one exception to this rule, that will garner respect, is if you are a varsity athlete. Doing well at UC and being an athlete takes some serious effort.

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  • Analyst 2 in IB-M&A
Aug 9, 2020 - 10:29pm

Leadership positions at uchicago are for 4th years . You recruit second and third year.

Only questions I got asked about clubs were lumped in with questions about hobbies/ free time. Don't kid yourself into believing anyone takes the "vp" of a 30 person club seriously. If you're a varsity athlete or student body president that's impressive. Otherwise it's just a check in the box to make sure you don't spend all your free time drinking or jacking off

  • Analyst 2 in IB-M&A
Aug 9, 2020 - 9:46pm

It is without question one of the easiest schools to get an IB job from, provided you have A) done the basics (get early finance internships- you can even do this during the year since you'll be in Chicago, study the guides, know how to tell your story, practice some behaviorals, format your resume well) and B) have a good GPA:

If you are a white/Indian/Asian male you need a 3.7+ to get MULTIPLE TOP interviews THROUGH OCR. Notice this statement is every nuanced

1) If you're a chick or URM, drop that number to 3.4ish (unless Asian chick in which case 3.6) if you are applying through diversity programs

2) if you're not diversity, you can still get a one or two good OCR interviews with a 3.5ish

3) If you don't limit yourself to OCR (I highly recommend you don't) then you'll have no issue getting interviews at great shops as long as you are aggressive with reaching out to people. (Again provided you have a 3.5ish). Booth produces armies of BB and EB associates, who unlike analysts have lots of sway over who gets interviews. Reach out to them as well as college alumni

Lastly, know how to craft networking emails, and don't be socially retarded. Too many uchicago kids think they're way smarter than they really are. Lose the pretension and you'll be fine.

If you do these things, there's really no easier place to get into IB other than like H/W

  • Prospect in IB-M&A
Aug 9, 2020 - 9:55pm

Thanks for the detailed response. Do you know how difficult it is to get a 3.5-3.7 GPA in a technical major like econ or comp sci? I've heard that UChicago has "grade deflation" and I'm wondering how true this is.

Aug 9, 2020 - 9:59pm

-

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

  • Analyst 2 in IB-M&A
Aug 9, 2020 - 10:09pm

Almost impossible in CS

Econ is a wildcard. If you're doing the real Econ and taking advanced electives with the famous professors, it WILL be very difficult to exceed a 3.5

If Bus Econ, or real Econ but with as many bs classes on the side as you can find (not too many to go around at that school) you can do it but 3.7 will still take work because lots of classes are curved to a B+ median

I'd say avg. gpa in Econ major is 3.3-3.4 (and those kids are very smart. They got in to a school with a 6% acceptance rate) The avg for kids getting into a good IB role is probably 3.6

  • Analyst 2 in IB-M&A
Aug 9, 2020 - 10:19pm

I should also mention it's the Booth classes curved to a B+. Econ classes are curved to a B or B- usually. CS fuhgetaboutit

  • Prospect in IB-M&A
Aug 9, 2020 - 10:28pm

Thanks again for the helpful details. How does Math 152, Greece and Rome, and Comprehensive General Chem sound for first quarter? Is it worth dropping chem for an easier science to front load with easier classes to boost GPA for recruiting, or will chem be manageable?

Most Helpful
  • Analyst 2 in IB-M&A
Aug 9, 2020 - 10:37pm

What the hell. Drop chem ASAP unless you wanna be on a B- curve for three quarters with the smartest fucking asian kids in the world.

You wanna be a doctor or a master of the universe?

Other two look fine. Read reviews and get the easy professors. It'll soon be challenging enough trust me. Don't make uchicago harder than it needs to be

  • Prospect in IB-M&A
Aug 10, 2020 - 6:00pm

Current undergrad here. This is highly accurate. If you're thinking this far ahead you'll do fine in recruiting. Be sure to connect with upperclassmen mentors in clubs, sports teams, Greek life, etc. Just gotta grind interview prep and nail your story/behaviorals especially.

Recruiting is def very cutthroat. Honestly the biggest differentiator is just gonna be the airport test. Can you demonstrate normal social intelligence, speak articulately about things other than finance and generally connect with ppl while networking and in interviews.

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