Rutgers Newark Recruiting

Mps721's picture
Rank: Orangutan | banana points 313

Does anybody know what is Rutgers Newark's reputation when it comes to accounting and finance? Does big 4, as well as IBs recruit from there? I will be majoring in accounting (possibly double major finance/accounting, good idea?). Ultimately is your GPA and extra curriculars really what matters? I hear good things about Rutgers but i am assuming that is from New Brunswick, NOT Newark, hopefully I am wrong.

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Comments (17)

Nov 7, 2013

It actually is a pretty good school for and im speaking as a current student in the business school. despite it being in Newark..i know i know, the school and campus itself is pretty good, ad you wouldn't know u were in Newark if u weren't told, based on what preconceived stereotypes most would expect it to look like. that aside all big 4 recruit HEAVILY, I've interned with one received an offer and can say the same for many other students, . However they take students who they see as leaders, well rounded, driven,and are motivated, so just having good grades wont cut it, u need to be able to speak well, articulate, show you are involved within the business school, business organizations, show some type of work experience, and that while you can balance all that, that you are more than just having good grades. but its good for accounting definitely if you put in the work. It is also very diverse, the campus has been ranked by US News as the most diverse university 17 years running. not just black white, but indian , chinese, hispanic, european, african, you name it there is an ethnic presence. The ceo of Deloitte was here just last week. Alot of opportunities if you seek them out.

Nov 7, 2013

APPA as in the Avatar's pet bison? If not, shame on you.

Nov 7, 2013

Current RU student here. I'd second everything @A-P-P-A said, the opportunities are definitely there for accounting students. All the Big 4 recruit at RBS, with strong alumni ties to Deloitte especially; the CEO did his MBA here. Audit / Tax internships should be relatively easy to get if you're a decent acct student.

However, finance students don't have such an easy time when it comes to recruiting. We have a couple F500 positions up on RaiderNet every once in a while, if you keep your GPA at a reasonable level and have decent ECs you'll be good to go for all of these. IBD recruitment is noticeably lacking, but is picking up. We have lower BB / MM OCR from Nomura, BarCap, and UBS. Some other AM positions from Prudential and BlackRock. As expected these are insanely hard to get, most kids that get interviews have well over 3.5+ GPA as well as crazy ECs (presidents of clubs, etc). Even they sometimes get shafted when it comes to landing an offer, its really a toss up.

In short, Rutgers is a great school for accounting. Best in NJ hands down. Not to discourage you, but BB IBD will be VERY VERY tough coming from this school. It can be done, but its just not ideal. You WILL have to network. However, the double major will definitely help you if you're able to keep your GPA up. One more thing, there's no difference b/w Newark and NB when it comes to the bschool now as they have combined the OCR. The only thing New Brunswick has on us now is a nicer building.

Dec 22, 2013

okay first, Newark and NB both have awful recruiting for FO spots and anyone who wants to challenges me on that, please i welcome it. In the past ten years, this is fact, less than 10 students from newark have gotten into classic IBD. One got in during a boom in recruiting when BBs came on campus, two got in through random luck i.e. not any networking and just applied online, two got in via networking and one got in through applying online.
NB has placed much better, however, even there the numbers on a yearly basis are very bleak, i want to say maybe less then 10 students get placed into SA FO roles (AM, ER, S&T and IBD included), FT is not any better.

If you go to RU be forewarned that getting into a top flight BB for an IBD role will be extremely difficult. as for some of the other replies on here, A-P-P-A, is right but again none of those roles are FO, and who cares about what Rutgers say they "rank" if they dont place students into jobs. Career services is nothing short of a punch line in joke said by Dane Cook and considering that the best joke to ever come from him is well, him, that should let you know all you need to know about Career services. And dont listen to APPA, for Newark a lot of the Big 4's have put in much more stringent requirements to even be interviewed, take less students and many talented students get shafted and some of them dont take in the numbers that they used to ( same for all other companies)

Kruzan's first paragraph is okay nut his 2nd is off. Yes banks come to recruit but they come for BO positions. Its that simple, just go on linkedin and you will see a ton of rutgers students who worked at "Barclays Investment Bank" , yes you worked at an Investment Bank but you didnt work in investment banking..They recruit heavily for BO/Operations roles. Nothing wrong with those roles at all, but i hate it when i speak with students from Rutgers and they seem lost/confused when they speak with the bank recruiters asking them about IBD roles and have no idea how to get into the industry. So just trying to keep exceptions in check and letting anyone who reads this that it is very hard to get IBD in general and OCR is useless. and yes ECs are good but focus on GPA, 1-2 ECs make an impact and network.

    • 1
Dec 22, 2013

This.

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Nov 7, 2013

@TheOneandOnlyRD basically, yes. BB ER positions are doable with great grades+networking. To reiterate,

kruzon:

In short, Rutgers is a great school for accounting. Best in NJ hands down. Not to discourage you, but BB IBD will be VERY VERY tough coming from this school. It can be done, but its just not ideal. You WILL have to network. However, the double major will definitely help you if you're able to keep your GPA up. One more thing, there's no difference b/w Newark and NB when it comes to the bschool now as they have combined the OCR. The only thing New Brunswick has on us now is a nicer building.

    • 1
Dec 22, 2013

agreed, its just that it is unfortunate a lot of talented students do not get a shot because of school brand/name

Dec 23, 2013
TheOneandOnlyRD:

Words.

As a Rutgers NB alum, this is spot on. Many kids think they are working in banking but they are really working in the back office...

For the few FO positions that come along (banking, consulting, etc.) it seems that the engineering program actually places better than the business program.

May 1, 2018

you seem to know a lot about this topic. i just got accepted into rutgers business in newark as a transfer student and wanted to see what my chances were for landing something in FO. from my understanding though, from what I've read, front office is someone in a leading role in IB meaning an actual banker and BO is kind of just an assistant to a banker. please let me know if i got that right, if not please explain -much appreciated!

Dec 23, 2013

Dude..even landing a BO offer @ BB is difficult from Rutgers.

Nov 7, 2013
TheOneandOnlyRD:

agreed, its just that it is unfortunate a lot of talented students do not get a shot because of school brand/name

Gave you an SB. Yeah man, I mean look the school has made a huge investment in the business school so hopefully the prospects look better going forward. Going to take a lot of work on the students' part though.

RealMeal:

Dude..even landing a BO offer @ BB is difficult from Rutgers.

Its really not. Most kids just don't put in the effort. If any RU students need any help at all, shoot me a PM and I'll be happy to help.

Dec 22, 2013

Agreed on that most students do not know the effort that needs to be put in to get into banking/FO roles.

Dec 25, 2013

rutgers alum here. as mentioned above, if you want to do accounting and go to the big 4 for audit/tax, rutgers newark is a great cheap place to be. you will def need a balanced profile though as just having a good GPA wont cut it. you need a few EC's and some internships to get in. RN seems really committed to their business school having opened the new building a few years ago so its def not a bad place to be (esp if you can get into one of Sannella's classes - does he still teach undergrad by the way?)

for finance majors, when i was there it kinda really sucked for the finance guys. a lot of them ended up doubling up with an accounting major to snag an accounting role. as far as i know, the only IB recruiting is for BO/operations/accounting type of work. there was no IBD or MC recruiting when i was there. one of the posters above mentioned that newark and NB have combined OCR now which bodes really well for newark students as NB historically always had better OCR. also, i can second what Pissingtothewind mentioned above that the engineering students actually placed better than the business school students for FO roles in rutgers NB. i saw a bunch of them end up in tier 2/3 MC firms.

Dec 23, 2013
i hate audit:

i saw a bunch of them end up in tier 2/3 MC firms.

Exactly what I did.

Some of my engineering buddies ended up in FO roles in Sales and Trading, as well. Most of my friends in FO banking/consulting made it there in spite of Rutgers, not because of it.

Dec 28, 2013

I am an RU NWK undergrad and I have loved it so far. but like some others are saying the talented don't always get a chance. Also, although the school is being more closely integrated with new Brunswick, recruiting has not adjusted accordingly and the recruiting is alot heavier on the NB campus. Good news is Nwk students can apply to the NB recruiting and interview there, which I highly recommend if you end up going there

Dec 25, 2013
CaptainJN:

I am an RU NWK undergrad and I have loved it so far. but like some others are saying the talented don't always get a chance. Also, although the school is being more closely integrated with new Brunswick, recruiting has not adjusted accordingly and the recruiting is alot heavier on the NB campus. Good news is Nwk students can apply to the NB recruiting and interview there, which I highly recommend if you end up going there

the campuses are only half an hour apart from one another so that shouldn't stop you from going to OCR events at NB. i WISH they had this when i was there. didn't realize until it was too late that the level of recruiting was different between the two schools.

Sep 14, 2017