UMich Undergrad For IB Recruiting
Saw this post that broke down UCLA recruiting
And there was mention in the comments of doing one for UVA / Umich as well as questions of its really different than the recruiting environment at UCLA.
The OP in that post started by mentioning the school doesn't give a shit if you get a job or not. Same at Michigan. Recruiting for finance at Michigan 100% runs through the clubs. A lot of people on here mention how Mich is a great school / target for banking, and yes, every year U of M gets offers at literally every bank on the street, but to be clear, all of those placements are from people in the best clubs which are (in order of placement / selectivity): MII, GIC, MIBC, and AIC as well as the business frats. Recruiting for those clubs is brutal with hundreds applying for about 10-20 spots in each class; there are an online application/screen followed by two rounds of interviews. Landing a spot in one of the clubs is pretty much required if you want to be competitive during recruiting because there are a lot of exclusive opportunities for those students and the club's aumni networks pull for their kids. So when someone says something like "XYZ recruits at Michigan," well yes, that's technically true, but in reality, they hire 1-2 kids from MII every year; if you're not in the club, you don't have a shot. All this isn't to say if you make it into a club, you're guaranteed a good job. Every year, there are people that fuck up for various reasons (low GPA, bad at interviewing or technicals, or unlucky), and considering the clubs are taking kids that are first semester freshman, it's no surprise they get some bad ones who got lucky in the interview process.
All in all, places that regularly take top Michigan kids from these clubs include: Ares (1-2 a year), Evercore (2-3 M&A a year), Moelis (6-8), PJT (2-3 M&A), Greenhill (1-2), M Klein/Raine/Allen&Co (1-2 each), PWP & Lazard (not a target for them, but 1-2 each year). On the bulge bracket side, MS, Citi, and BAML take a fuck ton of Michigan kids (probably 10ish each) and every other bulge takes a couple, but tbh asides from MS, most of the best kids at Michigan take EB offers. Funny part is there are always people in the fall that get CVP, GS, and JPM offers, but they usually aren't even the best kids, because all the good ones signed in spring. Sometimes when there's a truly exceptional kid, there are one-off placements at shops like KRR, Bain Cap, PJT RSSG, Point72, Blackstone, etc.
There are also a bunch of other lower tier clubs; I was involved with one when I was a student there, and even those kids get a lot of looks at the bulges, as well as a fuck ton of kids getting MM/Lower tier Big Bank looks (RBC, WF, HL, Jeffries, Blair, PJ Solomon, Piper all hire a lot of kids from Mich). All in all, Michigan is a good school to be at for banking, no doubt, but don't think you'll have access to the top placement unless you're one of the best kids at school and part of the 5ish% of kids in the best clubs.