SMU's undergraduate business school good for Investment banking?

hugo17's picture
Rank: Chimp | 2

Im hoping to become a Investment banker in New york. I think i have a good chance of getting into SMU.

Is SMU a good school to break into banking?

Will its location, it being in Dallas, be a major disadvantage if I want to work in New York?

Is it a Semi-Target school?

Region: 
United States - South
United States - Northeast

Comments (32)

Apr 14, 2012

semi-target for Texas IB, NY will be a difficult task.

Apr 14, 2012

I really like SMU. NY will be a massivelongshot, but you can probably get BB in TX if you are on top of things.

I think of it like the USC of TX. Awesome undergrad experience, hot girls, a good business school. Not the top target, but I understand their alumni base is second only to the Aggies in terms of loyalty.

I got in with a nice scholarship to their business school, and was really impressed...much better than the usnews rank would indicate.

Apr 14, 2012

PM'd you

Apr 14, 2012

SMU has a great reach regionally, Texas,, OK City, Kansas...even in Atlanta. I have seen many of their alumni around.

WSO Vice President, Data
@JustinDDuBois

Apr 14, 2012

SMU is great due to its location. Don't be put off since the school isn't in the NE. Consider the following: there are some BBs and a lot of boutiques in Dallas. What does this mean? Internship opportunities. Why does this matter? A lot of banks just want to see that you have experience when they bring you in for full-time or for internships. Couple the idea that SMU is a semi-target, according to some people in this thread, with the internship opportunities and you are looking at a pretty good recipe to go for your dream. What it will ultimately come down to is seizing good opportunities, networking and giving it your all. You are still young so your career aspiration might change; however, if this is what you want to do, give it your all.

Apr 14, 2012

Yeah that's actually a plus I hadn't thought to mention in terms of internship opportunities. There are probably 100+ Hedge Funds/PE Funds within 5 miles of the campus, obviously only a fraction of those actually list internships with SMU but if you're willing to network they're there.

Apr 14, 2012

You'll get Texas opportunities but will have to work to get to NYC.

Apr 14, 2012

bump

It's all about bucks, kid. The rest is conversation. -Gordon Gekko

Apr 14, 2012

I would reach out to alumni and ask their opinion. They will be in a much better position of experience to answer your questions.

I was very interested in SMU and the limited impression I got was that SMU is known in Dallas and that none of the avenues of finance with be closed because you went to SMU, but you are going to have to hustle like a mad man to make it happen.

Apr 14, 2012

I work with some SMU MBAs in FP&A. I think most did the part time program and said it wasn't great if you want to do banking. I can't speak for the full time program though. But full time is definitely the way to go if you're trying to go banking or consulting it would seem.

It's also very regional. I don't think it holds that much weight outside of Dallas. But in Dallas I believe it's pretty strong judging by how many SMU MBAs I see on IB websites.

Like the above poster said, I would reach out to current students and recent alumni and see how it is.

Apr 14, 2012

....

Apr 14, 2012

What the person above me said. I am a current student in Alt Assets and most of my classmates are joining IBs after graduation, myself included. 5 in New York, the rest in Houston. Let's just say that at every super day I went to my only SMU peers were also in the Alts program.

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Apr 14, 2012

SMU is great in Dallas and decent in Houston (depends on the bank). Undergrad is definitely far better than the MBA. You'll find a few undergrad SMU analysts in Houston but breaking in out of their MBA requires a lot of leg work / networking - at severe disadvantage to UT/ Rice / strong out of state MBAs. Houlihan and JPM consumer retail satellite office are the only IB groups of any consequence I can think of in Dallas. Actually thought JPM was winding that office down. So not sure who/where Hemingway is talking about unless he means the lower/middle market shops (rayjay, stephens, etc)

Apr 14, 2012

Now I don't know where or what this Souther Methodist University is but I am going to say it is going to be an uphill battle for a person from said institution to become an investment banker.

Don't despair though, with the proper amount of good old fashioned American grit it can be done.

Apr 14, 2012

Southern Methodist University? Where/what is that, an LAC I'm assuming?

Apr 14, 2012

No, it's a school with rich Texan kids. Laura Bush went there. I believe its in Dallas.

Apr 14, 2012
Yeeah:

No, it's a school with rich Texan kids. Laura Bush went there. I believe its in Dallas.

Yeah...that's it. I got their top scholarship and I was all hyped to go there. Then I visited and it was the scariest, preppiest place I have ever seen in my life

so i changed my mind and went to a nice big redneck state school.

Apr 14, 2012

It is in dallas. Yall are stupid its a top 25 undergrad business program. They do a lot of regional hires. They have very strong alum. I know a kid from SMU going full time to a top BB next year. Its very possible. Not as easy as coming from a target, but its possible, just how bad you want it.

Apr 14, 2012
Gommini:

Not as easy as coming from a target, but its possible, just how bad you want it.

I want it so bad.

UTA? UT Arlington or UT Austin?

Apr 14, 2012

Gommini is right, it is one of the best schools in Dallas for undergrad, especially for accounting. However, while Im sure you know someone going to a top BB next year from there, it is not a 'target' school or anything like that. There arent many target schools in texas to begin with, but I would say UTA and Rice are the best to break ground in banking imo.

Apr 14, 2012

I know UT-Austin is cheaper but the problem is getting in. They have that stupid top 10% percent rule. I went to a really competitive high school where there were some people with really high GPAs who didn't get in. One who did great on her SAT, her parents her alumnis of the school, and she had a high GPA but was rejected from the school.

P.S. that is right TheKing

Apr 14, 2012

The only school worth going to in Texas for ibanking recruiting is Rice and UT Austin Business Program. Everything else sucks and won't help you at all for ibanking recruiting.

Apr 14, 2012

The best thing I can do is try to work for a regional IB. From there, I can gain experience and will eventually have a large network at the BB or MM.

Apr 14, 2012
Apr 14, 2012

if someone on this board tells you smu is no good, will that change your attitude towards banking?

Apr 14, 2012
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Apr 14, 2012