Curious to see how Amherst performs in the ib/pe space, along with a few other questions.
1- How is on-campus recruiting, and recruiting in general, seeing that it is in the middle of nowhere
2-Would you say that most ppl vying for an offer got one?
3-How was your experience at Amherst, since I've heard social life sucks
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Didn't go, but very familiar with it. My two cents:
Didn't go to Amherst but went to a similar top LAC. Had interviews at all the MBB and a few BBs. Ended up at a FAANG.
I go to Amherst. A lot of my friends have had successful internships in IB/s&t/PE and got return offers. there are recruiting/info events on campus so being in the middle of nowhere doesn't really hurt all that much. Social life is fine if you take into account all the other colleges around it. Pretty good alumni base too
Went there almost 10 years ago so it may be different now. OCR had a handful BBs/EBs (MS/GS/JPM/Centerview/Guggenheim/etc.); pretty sure at one point the top two jobs for Amherst graduates were Teach for America and JPM IB.
Most people I knew who were gunning for IB got an offer, or did consulting (MBB had OCR). Tech/FAANG was just starting to get hot when I left school.
Go to Amherst now
1) I'd say recruiting is pretty decent; we have resume drops for all but one BB, some EB's (PJT, Moelis, Lazard, PWP, EVR) and MM's (Blair, Stifel/KBW). Goldman, Qatalyst, MS and Stifel were all making visits to campus before the pandemic this year. As for PE, most programs are for sophomores; shops like Advent and TPG did OCR for their programs. Some smaller hedge funds and PE shops recruit for FT along with a few SA positions.
2) I'd say everyone that wants to go into IB/PE usually secures an offer somewhere (or at one of the MBB or T2). Not that many people are interested in IB/PE tbh (30-40 people across IB/PE/HF). And, as someone else mentioned, FAANG has become more popular here.
3) I love Amherst but it definitely isn't for everyone.
One last note: alums are extremely helpful and responsive
Damn Im hearing a lot of contradicting things. Thanks for the reply.
i went to amherst. now i'm jerking off punks under the queensborough bridge, fifteen dollars a man.
15 dollars is a steal man. I do that shit for free, you gotta hook me up man.
solid gig
Recruiting is fine but has really taken a turn for the worse in last couple years. We used to send ppl to JPM/GS/MS/Barclays in NYC every year w/out fail through OCR, now we are lucky to get a few. We used to be a target school for JPM (6-8 each year out of ~40 who are interested in IB) but JPM just significantly reduced their target school recruiting so that hurts us considerably. We do send a smattering of people to boutiques but that is not through OCR, though I will note that our presence at Centerview is definitely growing.
Maybe half get an offer who are interested in IB, maybe a bit better. There are a few MMs that recruit from Amherst too, so they are a good last resort. We generally send ~15-20 ppl to banking each year (about half BB, half boutique).
I didn't really enjoy my time there. Happy to be gone and probably won't be giving back. Part of my bad experience was my own fault tho, so take it w a grain of salt. Lotsa people really love the college, I just didn't
Interesting to hear from a recent alum. Info about LAC's are pretty unknown on here compared to other schools, mostly because of their size. Based on what you said, it seems like it's more of a strong semi for finance like USC/UNC than a top target like sometimes it's talked about on here. Is it 15-20 ppl including the MMs or is that number just BB/top boutiques? Also, do you know at all why it's gotten worse the last few years?
Also, take what you read on here with skepticism: we definitely do not have "resume drops" for any boutiques. We have sent people there in recent years, yes, but that has mostly been from them leveraging their offers from elsewhere. Lookup on LinkedIn and it is easy to see we do not have many people in those places. Some of our strongest banking connections (at least historically) are JPM, GS, Barclays, CS, Stifel, and now Centerview. And we most definitely don't have OCR for TPG or Advent lol what the hell
Damn Im hearing a lot of contradicting things. Thanks for the reply.
Correct me if I’m wrong but I distinctly remember submitting my resume to some EBs via handshake and sitting in beneski for a SA presentation for Advent
but I do agree that we don’t have particularly strong connections to banks outside of the ones you mentioned. And, TPG was coming to campus in the spring but canceled for obvious reasons though it was for their sophomore program for their credit investing platform not their buyout fund or any FT
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