really??? I’m in a similar position as the person asking and I’m choosing between mccombs and rice. I didn’t get into bhp but as a non-bhp student is IB in NYC still doable??

 
Most Helpful

Part of this from a comment I wrote on another thread discussing UT FYI

I can speak to UT, but am not as familiar with other schools. BHP is a phenomenal program (firsthand- I would not have attended/chosen UT if not for BHP) but it also doesn’t really matter for IB (but MBB only hires BHP out of mccombs fwiw). What generally matters is getting into investment groups and the two IB feeder orgs on campus (IBA/WSFM). Some recruiting teams seemingly exclusively recruit out of the IBA/WSFM resume books. Placement Evercore NY is pretty into UT, there are several senior MDs who are alumni, and consistently like 4ish? (estimating here) SAs in the NY office. Other SAs at GS/JPM/Moelis/PWP/Gugg in NY (also some Rothschild/PJT recently/Jefferies/Greenhill thrown in there occasionally), pretty much every bank in Houston, couple kids in SF (GS, Qatalyst afaik).

I’m not really familiar with Haas GMP or Rice (though Rice doesn’t have great street presence. maybe fares better with Houston banks), but I’d say for the value/price, you can’t go wrong with BHP.

 

I'd say that's accurate. Regardless of your program affiliation, you could easily still network into Houston/Dallas banking if you have a good GPA/personality. I think NY also there are instances, but the recruiting tends to go through the bigger organizations a bit more.

In regards to your first question (unless you want to do West Coast IB or Consulting), UT is the easy choice here. Rice shouldn't be in the picture really given your goals.

 

You’d still be a target at Houston banks if you didn’t get in, but I’d say the IBA kids might have some priority over non-IBA just because their names/resumes get sent to the Houston banks. While it might be harder to get NY interviews, there are definitely several people I know of who have gotten into NY without being in IBA or WSFM (at top banks, too). So, while it’s probably easier to land a spot in those orgs, it’s definitely not impossible to do so without them - just make sure to network/work hard/polish interviewing skills/have technicals down.

 

I'd go with UT BHP, it can still get you to where you want with a fraction of the sticker price. Just be intentional early on about NYC IB etc and build your experiences to that. BHP and Plan II are the cream of the crop UT and are very respected even outside of Texas circles. Coming from a UT- non BHP grad that works in strategy at tech firm in SF.

 

UT hands down. Places extremely well into NYC banking (and Houston as well if you end up going that route).

Hard for me to say this as a Rice undergrad, but it's true.

 

Enim aut ex provident. Omnis voluptatem repudiandae doloremque rem pariatur velit. Ut ipsam est nihil est consequatur veritatis vero. Rerum temporibus repellat aut fuga suscipit. Consectetur dolorem voluptas itaque velit possimus et aut laborum. Amet aut deserunt ut exercitationem. Voluptate recusandae omnis cupiditate sed.

Placeat tempore voluptatem qui cupiditate. Nemo perferendis aut itaque quos ex ut. Voluptates ea quisquam est est.

Sed hic quidem quia qui architecto. Ullam sed ea est sunt debitis aut quasi. Id hic maiores aut. Modi reiciendis molestias et ipsum.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”