Target Schools?

A little bit update: I'm a senior in college and I'm actually looking for masters programs because I need another recruiting season. My university doesn't even have a finance major and the idea of IB came to me during the winter vacation of my senior year (okay I know I'm falling behind but I'm keeping up my pace fast). I'm thinking about some UK schools as well: LSE, IC, Warwick. I won't apply for Oxbridge I know probably I won't get in anyway. I've also seen HEC Paris several times on several rankings. Any insights? I'd really appreciate

Below is the original post:

Hey guys, I have browsed several companies' databases and it seems to me that Villanova, SMU, UNC,UVA, and University of Notre Dame are target/semi-target schools? But I didn't see University of Chicago on those lists a lot?

Thx in advance.

38 Comments
 

I don't know where you're looking but none of those are full-on target schools. UNC, UVA, and Notre Dame are semi-targets, Villanova may be, and SMU is a complete non-target. Odd UChicago is missing, it's a solid target school.

 

It isn't. Not to say you can't get a job out of it but it simply isn't a target school. The main target schools are: - The Ivies (less so Brown, because they have a smaller finance network due to the more liberal personality of the school) - Duke - Stanford - MIT - U Chicago - Georgetown - UC Berkeley (more for Haas business school, overall school is between target and semi-target) - U Michigan Ross Business School (rest of school semi-target) - Northwestern a bit

Semi-targets are schools like: - Emory - Notre Dame - Vanderbilt - UNC - UVA - USC - NYU

Target schools are primarily in line with college rankings and prestige

 
Best Response

UChicago gets very little discussion here on WSO, but it is a top target school. Feel free to ask me any questions below

Source: I'm currently a junior who will be interning at a BB IBD in NY this summer

 

Targets depend on bank and location. SMU could totally be a target school for a bank in the south, but maybe not BB banks. Totally depends on the bank. There is no definitive list for every bank.

 

To those saying U of C is a "top target" -- not quite. In my experience, UChi is actually fairly unique in that it is incredibly polarized across the street. For example, we are a big time feeder to CS/BAML/JP, but our placement into the EBs is incredibly spotty and entirely new. Not a target for most, and those that do recruit on campus are generally trying to get kids into the Chicago offices. In addition, MS NYC completely ignores us. I think the recruiting scene is improving rapidly, but not quite "top tier" yet in my opinion.

Not saying this isn't a good place to be trying to get into banking -- it certainly has done right by me -- but I would hesitate to say we are on the same level as a Wharton or Harvard or even Ross.

 

I agree with you that it's not at the same level as Wharton or Harvard for recruiting. No school can compete with those two. In reality, U of C is near the same level as Columbia and Duke for recruiting. It significantly outperforms Northwestern. A combination of a lack of undergrad alumni in high-level positions (up until 2000s) and limited practical education have certainly hurt placement until recently. If you know the history of the school, you will understand this.

That said, the U of C recruiting trajectory has been really astonishing, but not unexpected, as one of career services' strategies has been to tap into Booth alumni to help the undergrads. Undergrads can also utilize the Booth network themselves. Every single BB, EB, and specialty boutique recruits at Booth, and that gradually carries over to the undergrads. In the same way that, I would assume, Yale SOM students tap into the Yale undergrad network.

While the school is a big-time feeder to CS/JP/BAML (I would add GS and DB), I recall a significant number of kids somehow finagling their way into all the EBs and lots of groups that have never hired from U of C before. My point is that people should consider U of C to be a top school for IBD.

 

I think we are on the same page -- the trajectory is astonishing, and certainly a good place to be. I would just highlight that the opportunities at the EBs are much more hit and miss, and frankly only the most resourceful and savvy networkers can pull those NYC EB offers, because they simply don't take us very seriously quite yet at the undergrad level. Agreed that the situation is improving, however, and in 5-10 years I could see the school having greatly improved their rapport.

 

Ugly truth some folks won't like to hear: NYU is a great school, but it's a "target" school because of location.

If you don't care about location or are set on NYC then you will be well set at NYU. If you don't want to live in NYC then I'd look elsewhere. Specifically, a similarly ranked regional school like Emory/NorthWestern/UNC.

 

No idea for every school. I only know vaguely about undergrad business school and some about grad level business school. Couldn't tell you about anything else.

I know NYU is going to be competitive enough that it's not a guarantee for every smart high school student to get int, but that's about it at undergrad level.

 

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