The Myth of the "Target School"
**Disclaimer: Semi-target Alumni**
Now that training is finishing up at my bank (GS/MS), I wanted to share with WSO how radically different the analyst class make up is compared to the pre-conceived notion of it being filled with mostly target schools.
Sure, once again Wharton put the most kids at my bank compared to any other school, but after that, there is a huge moat between the multitude of schools that make up 90% of the class. I was shocked to meet multiple people from UGA (You guess what school that is) and there was a strong representation from middle-tier big 10 schools. I met more than 3 kids from each Wisconsin, Indiana, and Penn State. Not too mention all the one off kids from schools like Colgate, Tufts, Rutgers, and Arizona State (yea, thats right). And you can count out the host of analysts from the LAC's like Williams & Mary.
It got me thinking, is the myth of the "Target School" something we make up, or is it that the Investment Banking landscape is shifting to get away from the pretentiousness of the H/W/Dartmouth WASP-ness. Target schools will no doubt continue to be a major feeder, but is their role diminishing?
Wanted to see WSO's thoughts and share my genuine surprise about the diverse representation of schools in my analyst class.