Southern Methodist University as a target?

Cox Business School at Southern Methodist, for undergrad and grad, is tremendously well-respected in the DFW area. The undergrad program boasts 90% of business students having competitive internships from places like PwC for accounting students, to JP Morgan for finance students. Why do you all think it is never mentioned as a target or even a well-respected business school on this site and others?

 

Because it doesn't get OCR (on-campus recruiting) from all the big firms in the way that Ivies, strong undergrad business programs (Wharton, Stern, Ross, Darden, Haas, etc.), and other top universities do. Being well-respected in one geographic region doesn't make a school a target, really. Some people will acknowledge a school like that as a "regional target," i.e. Emory, Rice, and UNC (which place fairly well into Charlotte banking). You don't see many SMU alumni in New York banking, nor an overwhelming amount in Houston either.

I am permanently behind on PMs, it's not personal.
 
APAE:

Because it doesn't get OCR (on-campus recruiting) from all the big firms in the way that Ivies, strong undergrad business programs (Wharton, Stern, Ross, Darden, Haas, etc.), and other top universities do. Being well-respected in one geographic region doesn't make a school a target, really. Some people will acknowledge a school like that as a "regional target," i.e. Emory, Rice, and UNC (which place fairly well into Charlotte banking). You don't see many SMU alumni in New York banking, nor an overwhelming amount in Houston either.

Spot on. How many of the students from Cox Business School get internships at JPM NYC?

 

I’m new to this, so I may sound like an idiot. Why is NYC the goal here for banking? I understand the general appeal, however, isn’t one capable of such success in their hometown of Dallas? If I’m recruited out of Cox to JPM as an IB (assuming I’m competitive, etc) won’t I have a good life in Dallas?

 

There is a premium to working in NYC in terms of how good your exit opps are and how interesting the deals are. That doesn't mean you can't have a great experience elsewhere, but NYC is generally seen as the place to be if you're serious about finance; and as a result, it also tends to draw all the superstar candidates that everyone wants, which further reinforces NYC's prestige

 

Btw, coming from a school like SMU is fine. Just because you didn't go to Harvard or even a place like UVA doesn't mean that you can't make it to NYC for IB. It does, however, mean that you will have to work harder to end up here. You should be very proactive about networking with SMU alumni in NYC, and generally Texans (UT Austin alumns at big shops in NYC might lend a helping hand)... For what it worth, in my opinion, coming to NYC for 2-4 years out of school is a great experience, professionally and personally. You will learn a lot and you will meet a ton of interesting people.

 

Oh, and if you haven't noticed, if your school doesn't push people to NYC, it will GENERALLY not be well-respected on here. So that is a given. East coast bias much? And I don't make that comment in regards to SMU, just all schools who are more regional or send a ton of people to IBs in other cities. Sites like this are the only reason cities like New York can continue to tax the hell out of their residents. Glorification.

 

I don't think it's just an east coast bias; just because a school advertises that a student has an internship at JPMorgan, it doesn't mean they have it in a front office role (Investment banking, sales and trading, etc). They could very well be doing ops (and if I remember correctly, JPMorgan ops is headquartered a little north of Dallas). At the end of the day, these kinds of roles (IBD/S&T/etc) are simply at a different tier. Don't know specifics about SMU, but I wouldn't be surprised if a lot of people fill into "top firms" but in middle-office and back-office roles.

 

SMU Cox (especially the Alternative Asset Program) is very well respected and represented in Dallas and Houston. NY is possible, but just like McCombs kids, it'll take some networking.

As for IB in Dallas, there is not much. JPM has their Middle Market group and Consumer retail group there and HLHZ has a group there, I believe. Outside of that, IB in Texas will be in Houston.

As for PE, there are funds both in Dallas and Houston. However, if I'm not sorely mistaken, TPG PE is not in Ft. Worth. I'm pretty sure that's their accounting department.

 

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