Target School? - Gray area

Well since someone started the BB / MM discussion, I thought I'd follow with this question. What defines a target? Is it just any college where BB's actively recruit? I know this automatically includes the top schools, but what about the schools in the "gray area"?

 

i guess a target just means a school where bb/mm recruit.

there's the usual ivy leagues, then top privates(stanford, mit, ,etc)

then there's the top public ( UCLA for la,UCB for sf,UV and UM for east coast, UT for texas)

not in any particular order.

some schools are in the gray area. But in general, as long as you go to the above schools( or some others I forgot to mention, you are in a good shape)

 

I attend University of Maryland, so where does my school stand in all these. Is it a semi-target of non-target, I have had a couple of BB interviews in recent weeks, and most of the people that interviewed me for the first and second rounds are Maryland alums, who are senior bankers, think ED&MD.

 
Best Response

If they recruit at your school for front office and come to information sessions, then I believe it is a target. If you have to network and get your resume forwarded, then it is a nontarget. Also, if they only come for back office or non-IBD/S&T, then it's still considered nontarget because the back office is not what a bank is known for.

A semitarget happens with a top school (top 25-30) on US News that banks don't recruit at but since the university is strong and probably has alums in the industry, they can still pull you in or give you an interview. An example would be Rice or Johns Hopkins for IBD.

 
boutiquebank4life:
If they recruit at your school for front office and come to information sessions, then I believe it is a target. If you have to network and get your resume forwarded, then it is a nontarget. Also, if they only come for back office or non-IBD/S&T, then it's still considered nontarget because the back office is not what a bank is known for.

A semitarget happens with a top school (top 25-30) on US News that banks don't recruit at but since the university is strong and probably has alums in the industry, they can still pull you in or give you an interview. An example would be Rice or Johns Hopkins for IBD.

GS, Citi, and UBS recruit at UIUC for front-office, as do a large number of Chicago prop-shops. That said, Illinois and most of the Big Ten besides Northwestern and Michigan really belongs in the semi-target category (at best) for most banks, so I think we have to be careful about the distinctions.

This isn't to knock the Big Ten. I went to a Big Ten and I think most of the schools are totally underrated- it's just to say that on-campus front-office recruitng happens to different degrees and with different savvy (from both the school and the firm). I'm sure the firms that recruited on-campus at Illinois had a much stronger presence at Wharton, MIT, and the other true targets.

 

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