Semi-Comprehensive post about UNC recruiting (IB focused).

The following is a copy paste from a comment I made in another post about OCR at various schools. This is not meant to be totally comprehensive.

I go to UNC:

GS: An info session, typically once per school year. MS: One info session per year; two coffee chats per year. JPM: No OCR anywhere anymore.

BAML: Two to Three info sessions per year. Citi: I heard FIG used to come, but they didn't this year. CS: A couple of small info desks for Raleigh Tech (tech ops not TMT IB). Barclays: None

UBS: One or two info sessions per year that, while aren't exclusive to, lean PWM. DB: Two info sessions per year. WF: Very heavily involved. 3+ appearances on campus. Sponsors a Valuation seminar.

UNC is a target for GS, MS, JPM (before new no-networking policy), BAML, DB, and WF.

Non target for the rest. Despite that, UNC sends people ever year to Barclays and UBS. Not quite sure about CS and Citi. Anyway, in my experience Barclays alum are will pull for you. Same with UBS but to a lesser extent.

IMO, for a qualified candidate, your best bets will be MS, BAML, DB, and WF if you only network via OCR. Solid chance with GS (if you're top), Barclays, and UBS if you network a lot on your own with alumni. Have no idea about CS and Citi. Networking hardly helps anywhere for JPM now.

For consulting, McKinsey has some info sessions, and and I think Bain has on campus interviews. Not sure about BCG. McKinsey and Bain mostly take kids for Atlanta. BCG is all over with no strong point at any single office. Accenture does on campus interviews as well.

For buyside, a lot of LMM or Boutique PE shops come on campus, but they don't actually take summer analysts. Big exception for OCR is Blackstone which did come this year and has taken summer analysts in the past but mostly takes for full time analyst.

Not really sure about MM IB.

As for EBs, none have OCR, but there are some alumni at Lazard. Very, very few at Moelis, and none at Evercore.

Idk about Big 4 OCR, but Deloitte, PwC, and EY take lots of kids for NYC and Charlotte. Some Chicago too. KPMG takes noticeably less.

I saw on the thread for UCLA how you pretty much have to get into a top club to break into IB. Not like that at UNC in my experience (someone with 0 connections before college). The main club is the Undergrad Finance Society (UFS) who typically host the banks. Anyone can join. They have an investing team with about $50k called the Portfolio Management Team (PMT) which isn't too selective. There isn't a strong correlation with being in it and placing at a BB. There is also they Reynolds Fund which has around $500k. People there typically due place well, but that's due to self selection more than anything else IMO. There are only like 100 kids per class who actually are serious about IB and even less that actually put in all the legwork needed. I'd say if you're a very serious candidate, you're competing in a group of ~70 kids. So very doable. I've seen some kids start going to OCR as freshmen. Maybe 15 at most.

Some Miscellaneous OCR: Fidelity, Vanguard, Capital One.

Among the top 10 employers at UNC period are: EY, BAML, Deloitte, Capital One, JPM, GS, and PwC.

Hope than can shed some light on the finance/consulting scene at UNC.

Edit: I just saw all the typos. Not gonna bother fixing.

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Comments (49)

  • Prospect in IB - Gen
Jun 26, 2020 - 1:42am

In addition to what I said above, Guggenheim takes some kids each year, but doesn't have OCR. OCR and placement is virtually nonexistent at the other EBs.

  • Prospect in 
Jun 26, 2020 - 2:34am

Cain Brothers, Stifel, Key Bank, Jefferies (CLT), Sun Trust (ATL) did on campus interviews last fall. Roark Capital recruits for buy side. UNC is a core school for Blackstone, but they recruit from a lot of schools.

MBB all do on campus interviews as well, but extremely selective. McKinsey is all locations, Bain is ATL, and BCG is Dallas.

Real Estate recruiting is great with Eastdil, Greystar etc.

  • Prospect in IB - Gen
Jun 26, 2020 - 2:48am

Senior at UNC and will be at BB/EB this summer and can say this is true. I'd like to add on a few things:

GS: They come 2-3 times per year. They have a super lowkey session in the spring for top ~10-15 sophomores and who they think will have the best shot to get an offer. Best shot of getting into this lowkey session is either having a stacked resume (while greatly connected with alumni) or taking the M&A class as a sophomore. Not a target but an "alumni school" from what HR told me. We still place well with about 3-7 SA each cycle. Mainly was because a partner was huge on UNC representation but he just left so who knows if that changes anything
JPM: No OCR obviously but still have a lot of alumni at all levels and still place well
Citi: Only a target for FIG but not for IB as a whole. Alumni are very nice though and will go to bat for you
UBS: IB alumni push hard for UNC kids. The pipeline has grown much larger over the last couple of years. Also considered an "alumni school"
DB: Recently became a target. First year where we have great traction considering an MD is going to bat for us. We only had one analyst and an MD but now theres around 5 joining this summer
CS: From what I heard we use to have a team until an MD recently left the firm. Very little representation there either way. Alumni are super helpful
MM: A lot come on campus (Stifel, Jefferies, TPH, Suntrust, and a lot more). Most are for their Charlotte offices I would say
EB: Not much undergraduate representation but have a few MBA alumni who still go to bat for undergrads
On Campus Clubs: Most "prestigious" for recruiting would have to be Reynolds Fund considering its ~10 students compared to 50 in PMT. Most prestigious IMO would be the PE Fund but that is after recruiting. TBH, these aren't even essential for recruiting. There are many who aren't in these and still land offers

In all, we have great placement in every BB but Citi and CS and many MM. Not much traction for EB and I don't see that changing for a while

  • Prospect in IB - Gen
Jun 26, 2020 - 2:53am

Do you have any other info on Barclays? From what I heard, there was a VP at Menlo Park trying to pull for some UNC rep but apparently he just moved to BAML.

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  • Prospect in IB - Gen
Jun 26, 2020 - 2:58am

I do not know about Barclays SF. However for NY, we are a non-target with no OCR despite landing kids every year. Also have a lot of alumni at the bank which surprises me to why we aren't a target

  • Prospect in IB - Gen
Jun 26, 2020 - 5:29pm

To any rising sophomores or incoming UNC students reading this, the only way to take the M&A class as a sophomore is to take Corp Fin your freshman summer or be an Assured Admit and take it your sophomore fall.

  • Prospect in IB - Gen
Jun 26, 2020 - 6:22pm

Actually no, you can take BUSI 408 (Corporate Finance) as a co-requisite. You have to email the professor proving that you can handle the quantitative coursework simultaneously between the two classes. A few sophomores did that this past spring

  • Analyst 1 in IB - Cov
Jun 26, 2020 - 6:26pm

That class was awful, would not recommend taking it now that I look back despite getting an A.

The lunch doesn't help unless you were actually already selected by the GS team. If you just get in through the M&A class your resume isn't flagged in the GS system. In no way is signing up for an elective on connect carolina going to help your chances in recruiting.

Also, Paul Parker left. He might come back for the lunch but it won't be tied to GS.

  • Prospect in IB-M&A
Jun 26, 2020 - 9:10am

recruiting runs through KF mostly but it isn't required. however you definitely must have a good reason for whatever your other major is/ having a business minor would be pretty beneficial. don't do econ and not be in KF, it just looks like you didn't get in.

  • Prospect in IB - Gen
Jun 26, 2020 - 12:05pm

Not true actually. Most of the OCR presentations are open to all majors and are at the student union on main campus (KF is isolated from main campus for whatever reason). Some OCR does happen in KF but that is more for the Investment Banking Bootcamp which also takes non-business majors. When it comes to recruiting, more will come from KF because they're sole focus is finance/business, however, there are still many STEM/liberal arts majors who break in. We have many alumni not from KF

  • Analyst 1 in IB - Cov
Jun 26, 2020 - 12:21pm

Disagree. I went to UNC, at a BB now and when we review resumes we don't care about major or KF at all. If anything, econ is harder and looks better than KF.

  • Analyst 1 in IB - Cov
Jun 26, 2020 - 12:30pm

Interesting part about UNC is that the top finance kids rarely end up at GS/MS/BAML and previously JPM. You'll see more of them at Citi, Barclays, CS, Guggenheim because they needed to pass a higher bar and rely much less on greek life connections.

  • Prospect in IB - Gen
Jun 26, 2020 - 12:45pm

This hasn't really been the case in my experience. In my SA class (at UNC), I didn't notice any correlation with Greeklife and placement. I'm at one of GS/MS/JPM/BAML and I'd say only half of the FT analysts were in Greeklife, and at that, there wasn't any single frat that was overrepresented.

I guess if you don't do much to network on your own, it could help, but I don't think its a big deal.

  • Prospect in IB - Gen
Jun 26, 2020 - 12:50pm

Yea don't wanna fully disagree with the analyst on the recruiting team but I seen greek life helps but it's not significant. Many break into IB who aren't in Greek life, don't have personal connections, and aren't involved in investment funds nor any other extracurriculars on campus, etc. Speaking from personal experience

  • Analyst 1 in IB - Cov
Jun 26, 2020 - 1:59pm

I was actually saying this as someone who was in a fraternity at Carolina. There's no secret frat handshake to get an offer, but trust me, it makes a difference for weaker/borderline kids.

  • Consultant in Consulting
Jun 26, 2020 - 1:02pm

One thing to mention is the high rate of alumni in boutiques in Charlotte/Raleigh/Atlanta. Although, it's mostly in Charlotte.

Jun 26, 2020 - 3:13pm

I'm actually transferring into UNC as a rising sophomore this fall and was wondering if anyone had tips on what clubs to look out for and sophomore summer recruiting. Generally UNC does well recruiting into BBs even as early as sophomore summer so just looking on any information that you guys could provide!

  • Analyst 1 in IB - Cov
Jun 26, 2020 - 3:18pm
  • Sign up for UFS emails

  • Focus on boutique IB not BB for sophomore summer or else you'll screw yourself for junior summer

  • Email people in the Reynolds Fund and set up times to chat to get in during the year

  • Sign up for PMT if RF doesn't work out, think everyone who applies gets in

  • Get a handshake account

Jun 26, 2020 - 3:22pm

Thanks for the quick reply and information, but it's really interesting that you say that about BB recruiting. Is it cause it's insanely hard to get sophomore summer or is there another reason? I feel like the earlier you network the better.

  • Prospect in IB - Gen
Jun 26, 2020 - 3:47pm

I can echo what was said above. However, I think rising sophomores should be focusing on BB networking rn if they are qualified for the sophomore programs. The interview process for sophomore BB is usually from September to December. If you don't land anything by then, reaching out to boutique IB in December is more than enough time to land something for that upcoming summer. I know people who got random boutique internships in spring. Use your best judgement through this as spring networking should be dedicated towards BB/EB/MM for the next summer. If you networked with BB during the sophomore process, then you already have those connections and can focus more on EB/MM.

For clubs, the UFS is good but also standard. There are many other clubs (not finance related) but can give you a chance at taking up a leadership role

  • Prospect in IB - Gen
Jun 28, 2020 - 9:19pm

Very good in both Charlotte and NY, lots of alumni in both. Considering Charlotte is much smaller, I would say NY places better. Charlotte is only LevFin and offers about 6-8 junior spots. The UNC team captain is also an MD in NY LevFin so we have a lot of representation in LevFin for both offices. Great representation in general in NY

  • Prospect in IB - Gen
Jun 28, 2020 - 10:28pm

In the past, it really would have been just Kenan-Flagler and not being in it would be a huge disadvantage, but now nobody cares any more and just major in whatever you want so long as you get a 3.5 minimum and can prove "why IB."

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  • Analyst 1 in Other
Jul 20, 2020 - 10:36pm

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