Looking through past forums I've seen contradicting views on Baruch being a target school for I Banking. I see that they have on campus recruiting. Doesn't this mean that they are a target school? Also how would a student with a 3.6 GPA fare in trying to land a SA role at a BB in NYC?
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No they're not a target school for front office finance. They are probably a "back office target".
They are not a target school. Where did you hear that they were a target school? Nevertheless, I have read about some Baruch alums who have great banking jobs. As long as you hustle and show your commitment to banking, I don't think you should have a problem getting an IB job
Contrary to the above poster, I think you will have a great deal of difficulty getting an IB job. The value of the traditional "hustle and network" card is greatly overstated in my opinion. I'm so tired of the "you'll be fine.." pat on the back. You think no one else is hustling and networking? You're the only one? There will probably be less full-time seats in the next few years due to the market environment. You will be competing against the vast majority of Ivy league applicants and other top 20 school students who are more qualified on paper than you, probably with better internships already. I think your best chance will be to have your GPA as high as possible and transfer to a school that has a front office OCR presence.
The only good thing about baruch is the proximity.
I just read an article posted in 2015 stating that Baruch is a top feeder school to Morgan Stanley?
Step 1) Ask question Step 2) Receive, dispute answer Step 3) ?????? Step 4) Profit
Back office Morgan Stanley. For IBD roles, Baruch is not a target. A few from the school will get a decent internship each year, but a much much lower percentage than any other actual target schools.
Lulz
I am a fresh Baruch grad who is fortunate enough to have landed a front office job at a BB. Baruch is not a target school, BBs only take about 20-30 kids into S&T and Banking from Baruch. These kid are usually 4.0 GPAs and network their ass off. 98% of the students end up in big 4 or end up in back office positions. Its true and sad, a lot of smart kids but the competition is stiff out here.
How did you manage to secure a position? Did you network your way into an interview?
Its all about getting that foot in the door. You may not be able to get summer analyst positions easy but one of the best ways to to market yourself is to get hired by a reputability firm that not only says you've been vetted but that you gained a skillet. For example S&P and Fitch have numerous internships for Baruch grads. Sophomore year I worked as a data analyst stress testing banks for S&P. The goal is to intern in big name firms and network, Also DO NOT PAPER PUSH. You must strive to get internships that teach you, its not about the check which will be peanuts. Its about the skills and name. Also math majors at Baruch have a much higher success rate breaking into IB than finance majors. The major is very rigorous, and is well respected because most of the undergrad professors teach in the MFE program too.
I don't know why I received monkey crap for my post, but the reality is that, as someone mentioned earlier, it is possible to get an IB job out of college. Of course, a non-target school will hurt, but if you put in enough hard work and network, it is very possible. Plus, I have seen some Baruch alums at BBs who I am sure will go to bat for a fellow alum if he/she is worthy.
This is helpful and related:
http://www.wallstreetoasis.com/forums/baruch-for-ib#comment-1362850
It is not a target school.
It's not a target in fact a lot of places bandied about here as "targets" aren't targets. I'd say there are about 10-20 schools depending on how strict a definition you want to use. Here's a rough and disputable this that's intended to be indicative, but not exhaustive. Harvard, Yale, Stanford, Princeton, Penn, Columbia, Dartmouth, Duke, Chicago, Stanford, MIT (particularly Sloan), NYU-Stern (arguable), Cal-Haas (also arguable), Cornell, Amherst and Williams. I'm sure that some people might dispute even some of the schools on that list.
Baruch like Fordham has the virtue of proximity, but they are competing against Columbia and Stern, there is a laughable notion that target students aren't going to pound the pavement or do school year internships, they do. For the most part they are driven, occasionally you'll meet someone who blithely dropped a resume and got in, but that's the exception not the rule.
People make it from Baruch, however it's going to be an uphill battle.
I am curious to know whether you consider Ross a target.
Yes - Ross is a target. Particularly the undergrad program.
Similar to Haas or McIntire, so arguably yes.
.
Right I'm Jon Snow and know nothing despite the Certified User star, being an associate and being involved in recruitment.
Martin Shkreli
I go to Baruch as an undergraduate. I think it really depends on what you're aiming for. Let me go ahead and say I can't speak for anything other than trading. With that being said, if it's front-office trading, I can tell you firsthand that the recruiting on-campus is basically non-existent. Somehow a few kids every year get into legit trading roles.
You really have to do some legwork to get interviews - connections are key. The whole Citadel and DE Shaw and all the banks for S&T coming to campus and setting up booths at career fairs is nonexistent here. You will see some banks that are recruiting for middle and back office functions. There is absolutely nothing wrong with that - some people don't care or "aspire" (I hate even saying that word) to work in trading or some other front-office role.
As an example, one of the banks had a booth setup at a career fair for operations. When I asked the recruiter about sales and trading, she upfront told me (and I'm not changing any of the words here) "Baruch isn't one of our target schools for trading so unfortunately we don't consider students for those roles".
I think the top-tier schools probably generally have a more serious mentality among students. I have no experience attending Columbia, Yale, or any of the other Ivy League schools, but my guess is that in general, they are more studious and proactive about learning than Baruch students. The school is massively underfunded, and I think this is the reason for some of the problems with the school, on top of them accepting too many damn people and dragging the whole school down. There are some real diamonds in the rough at the school - the problem is these companies have no incentive to go picking through them all when they can simply grab someone out of Columbia or another "higher-tier" school.
With all that being said, if you have some connections and can line up some interviews and just want the piece of paper, it's hard to beat ~$3,500/semester. I luckily had this (although it was still a fucking tough road) and wound up getting a couple offers. I guess that puts me into the minority bucket that does make it through.
Hope that helps
Spent some time at a couple of BBs and an EB in NYC. Baruch is not a full on target at most BBs but they do place a decent amount of kids into great banks (GS, MS, JPM, Moelis, DB, Barclays, Lazard) in FO finance. I assume the its location in NYC is a huge reason for its success. Motivated students can easily network their way in from Baruch.
All the BBs and EBs are sprawling with NYU kids in FO positions so it's definitely not arguable whether or not they are a target. From my experience they seem to have to most students from a numbers perspective at least in NYC. The schools I've seen with the most representation at has always been Penn and NYU with Michigan being close. Stanford and MIT are not targets at a lot of firms by the way. Obviously great schools and probably more of a function of student interest than anything else but they severely lack alums in FO finance compared to many true target schools. This is from my experience from spending time at 3 BBs and and an EB.
What about boutiques IB?
Have you ever heard the term "Please Advise"
Baruch gives you an advantage due to location. Just keep in mind you're competing against Columbia and NYU. According to LinkedIn their placement is decent.
Baruch gives you an advantage due to location. Just keep in mind you're competing against Columbia and NYU. According to LinkedIn their placement is decent.
ask that Mike guy
Haha Mike guy was a scam
Probably about as good as NYU honestly.
City University Of London vs City University of NY. In case I'll be rejected from LSE/Oxford/Imperial/UCL etc. and I'll have the possibility to be in CUL (Cass) and CUNY (Baruch) which one should I pick at the same conditions?
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