What are the chances of breaking into investment banking by enrolling in GSU MBA?

The question is as stated in the subject headline. However, my concerns are, in terms of valuation, that how is the MBA program at Georgia State regarded by ibanks?. As stated on its website, "the Flexible MBA (Full-Time or Part-Time) from the J. Mack Robinson College of Business. Robinson's Flex MBA is ranked seventh in the nation in U.S. News & World Report's 2010 "America's Best Graduate Schools" edition and has been in the top 10 for 14 consecutive years."

I can understand that there are also better options available offered in Georgia, such as UGA and Emory, but in terms of tuition cost, GSU is much cheaper and from the sound of that statement above, it holds a pretty solid reputation for ranking.
I'm planning to apply for summer associate with BB. Anyone know anybody who already in the ibanking industry coming from GSU MBA?

GSU Flex MBA

There are a lot of tempting online programs available to us today. Our users seemed to agree that a Flex MBA from GSU wasn’t likely going to yield the results you would hope for.

User @Affirmative _Action_Walfus offers some ideal alternatives:

MBAs that will give you a reasonable shot at IB (not listed in order of quality).
  1. Harvard
  2. Stanford
  3. Wharton
  4. Yale
  5. MIT
  6. UVA
  7. UNC
  8. Duke
  9. Emory
  10. Northwestern
  11. Chicago
  12. Michigan
  13. Georgetown
  14. Cornell
  15. Dartmouth
  16. Cal
  17. UCLA
  18. Texas
  19. Rice
  20. Columbia
  21. NYU

And in Europe: LBS, INSEAD and to a lesser extent Oxford, Cambridge, Bocconi, and HEC.
So really, there are 27 MBA programs in the world that I'd attend if I wanted to do IB somewhere.

A lot of these schools place more into regional offices than NYC: Texas/Rice-Houston, Northwestern/Michigan-Chicago, Emory-Atlanta, Gtown/UNC-midatlantic, UCLA/CAL-SF
Other schools like Harvard, U Chicago, Wharton, Stanford will give you more geographic flexibility.

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Sorry but I really really doubt you have a shot at BB SA with an MBA from GSU. The only shot you'd have is with solid contacts which is probably a task in it's self considering a quick search on Linkedin throws up very few GSU alum at BBs.

Honestly, you're gonna have a difficult time getting into top MM's from GSU let alone BBs.

-------------------------------------------------------- "I do not think there is any other quality so essential to success of any kind as the quality of perseverance. It overcom
 
hookemhorns86:
There are plenty of good schools outside top 15 that will get you an IB job. GSU is probably not one of them. Your best bet in Georgia is Emory.

I respectfully disagree. I reckon it's tough to get an IB job from most schools outside the top 15. BBs and boutiques typically target a couple of schools, and the schools outside the top15 are never part of that list. You'll have to leverage the school's network and recruit off-campus, assuming the banks haven't filled all their positions with target school students - i.e. you're facing an uphill battle at best.

 
Best Response
Audio:
hookemhorns86:
There are plenty of good schools outside top 15 that will get you an IB job. GSU is probably not one of them. Your best bet in Georgia is Emory.

I respectfully disagree. I reckon it's tough to get an IB job from most schools outside the top 15. BBs and boutiques typically target a couple of schools, and the schools outside the top15 are never part of that list. You'll have to leverage the school's network and recruit off-campus, assuming the banks haven't filled all their positions with target school students - i.e. you're facing an uphill battle at best.

Meh

MBAs that will give you a reasonable shot at IB (not listed in order of quality)

1) Harvard 2) Stanford 3)Wharton 4) Yale 5) MIT 6) UVA 7) UNC 8) Duke 9) Emory 10)Northwestern 11)Chicago 12)Michigan 13)Georgetown 14)Cornell 15)Dartmouth 16)Cal 17)UCLA 18)Texas 19) Rice 20) Columbia 21) NYU

and our European friends: LBS, INSEAD and to a lesser extent Oxford, Cambridge, Bocconi, and HEC (for London obviously)

So really, there are 27 MBA programs in the world that I'd attend if I wanted to do IB somewhere

A lot of these schools place more into regional offices than NYC: Texas/Rice-Houston, Northwestern/Michigan-Chicago, Emory-Atlanta, Gtown/UNC-midatlantic, UCLA/CAL-SF

Other schools like Harvard, U Chicago, Wharton, Stanford will give you more geographic flexibility.

 
Audio:
hookemhorns86:
There are plenty of good schools outside top 15 that will get you an IB job. GSU is probably not one of them. Your best bet in Georgia is Emory.

I respectfully disagree. I reckon it's tough to get an IB job from most schools outside the top 15. BBs and boutiques typically target a couple of schools, and the schools outside the top15 are never part of that list. You'll have to leverage the school's network and recruit off-campus, assuming the banks haven't filled all their positions with target school students - i.e. you're facing an uphill battle at best.

Yes, it is harder to get an IB job from a non top 15 school. But all I said was, there are other schools outside top 15 which send students to IB on a regular basis, year after year..and that my friend is very true. Examples are Georgetown, Texas, UNC, Emory and Rice to list a few.

 
Affirmative_Action_Walrus:
slim_ibd_shady:
Affirmative: should Kelley also be on your list or no?

nah

im not saying you cant get IB from Kelley, but the other schools are better

He's wrong. It is just as good as many of the schools on his list. Why the hell would Kelley MBA have an IB academy if the program didn't regularly place people into IBD? Hell, it's sponsored by a BB, and recruited by Citi, GS, CS, MS, and DB according to their site.

http://kelleyacademies.com/iba/

 

If you're interested in contacting the GWU admin or you'd like to read some stories about MBA students/staff at GWU then check out the MBA magazine BusinessBecause.com.

I'd say don't rely on your MBA to get you into IB - it's all about contacts people!

Perhaps try and make some student contacts at GWSB on BusinessBecause and ask them if they've got class mates working in IB? http://www.businessbecause.com/gwsb.htm.

 

Affirmative: i see, thanks

ive been reading this forum for a while now and realized that many visitors here are very competitive and most people are trying to flood into the top-tier schools. Well, call me simple-minded, easy to be satisfied, and whatnot, my ultimate and only goal is breaking into the IB industry. Given the fact that I went to a non-target undergrad in Georgia, I simply don't see myself getting into the top tier schools . If I do ever happen to enroll in a semi-target for MBA like Darden, would it help to increase my odds if I try to build up some qualitative credentials during my 1st grad year to make up for the short just for the sake of getting the foot in the door?

my sole purpose of getting my MBA is to able to apply for summer associate with a BB or semi-BB

 
slim_ibd_shady:
Affirmative:

my sole purpose of getting my MBA is to able to apply for summer associate with a BB or semi-BB

Again, You will not got a BB interview coming from GSU unless you know the CEO.

-------------------------------------------------------- "I do not think there is any other quality so essential to success of any kind as the quality of perseverance. It overcom
 
[Comment removed by mod team]
 

An MBA from Georgia State will give you a 0% chance of getting a BB summer associate position. Yes, 0% -- and that's not an exaggeration. No firms will recruit on your campus, and nobody will be willing to interview you, let alone hire you. The problem is that it would be near impossible to get somebody to vouch for a student from Georgia State.

Because you mentioned these schools... an MBA from the University of Georgia would leave you with a close to 0% chance at BB summer associate job. At Emory, it would certainly be possible and students do it every year, but you would face an uphill battle compared to students at the top 8 and top 16 schools that banks do most of their recruiting from.

 

Here is my question. Suppose the person had previous IB experience at a MMKT firm and got their MBA from Georgia or wherever. Would that change this guys chances? Outside of a top 10 or so MBA it is going to be just about impossible to break into IB at the associate level without prior experience. I mean there are plenty of proven 2nd and 3rd year analysts at a bank to promote to associate rather than taking an unproven MBA from a school far outside their recruiting path.

I would say if you are currently in an IB role in say Atlanta and could do the program at night and your employer would recognize it and move you to an associate role once you are done then maybe go for it. If not and you still want to break in look at a masters program so you can still come in as an analyst and say your MBA for later.

 
indenturedprimate:
Which part of my post was misinformed? Certainly not the part of a 0% chance from Georgia State. The OP said he wants to get a summer associate position with a BB. How many bulge bracket banks even have investment banking divisions in Atlanta?

Suntrust Robinson Humphrey is the only one I know of and is probably the biggest in town.

 
dumbyoungbum:
You could maybe get into an Atlanta boutique or SunTrust Robinson Humphrey. However (I'm from ATL), every banker I've seen in Atlanta with a GSU MBA went to a decent undergrad school (UNC, UVA, Emory) before hand. If you get an MBA from GSU I would make sure your comfortable with staying in Atlanta for a while as it has no weight outside of the area from what I've seen.

Can you name some of the Atlanta boutiques off top of your head? I just went through a list of investment firms using Google Map for 30 pages. I'm not sure which are considered boutique and which are not

 
hookemhorns86:
I have no idea, but would like to build my knowledge. What industry do these Atlanta IBs focus on?

Focus industries vary on the bank, MD's, and connections the bank/MD's have in the region/select industries. A lot of boutiques work on smaller deals like selling a private company (or in a bad credit market, restructuring debt and the like), and pending a job well-done, the future gigs are often referral-based. This is especially true for advising entrepreneurs, as many collaborate or socialize regionally and share information. A lot of boutiques bring in MD's with backgrounds in different industries to have the diversification, and many take jobs as they come, using past successes as a precedent to knock out future, similar deals with precision. Over time the bank will specialize in certain types of transactions, but this evolves over time as well.

 

I shall treasure this thread and mark it to my favorites as we receive 33 posts here which is good enough to catch enough of people's attention to continue in this discussion

As a rising graduate from GSU, I have talked to people from my school's finance department and found out two students from GSU undergrad that they have been accepted to joining the Wallstreet firms. http://www.gsusignal.com/living/preparing-students-for-wall-street-one-…

Both of them told me that the only reason they could have received the offers was because of the SEO program. Unfortunately, as I stated before, I'm already near my graduation and am way past the eligibility of applying to SEO as an undergrad. I did ask Rogers and he referred me to another program called ML4T. I looked it up and this may be just implied and drawn from the impression as I visited their website, but most of the applicants happen to be African Americans. So, as for someone whos part of a minority ethnic group myself and being non-black, what are the chances of joining ML4T? Also, is there another organization similar to ML4T for people who are no longer eligible to join the SEO?

 
slim_ibd_shady:
I shall treasure this thread and mark it to my favorites as we receive 33 posts here which is good enough to catch enough of people's attention to continue in this discussion

As a rising graduate from GSU, I have talked to people from my school's finance department and found out two students from GSU undergrad that they have been accepted to joining the Wallstreet firms. http://www.gsusignal.com/living/preparing-students-for-wall-street-one-…

Both of them told me that the only reason they could have received the offers was because of the SEO program. Unfortunately, as I stated before, I'm already near my graduation and am way past the eligibility of applying to SEO as an undergrad. I did ask Rogers and he referred me to another program called ML4T. I looked it up and this may be just implied and drawn from the impression as I visited their website, but most of the applicants happen to be African Americans. So, as for someone whos part of a minority ethnic group myself and being non-black, what are the chances of joining ML4T? Also, is there another organization similar to ML4T for people who are no longer eligible to join the SEO?

SEO is a program specifically for underrepresented minority undergrads. It is competitive to get into but you will get a front office banking internship for the summer. No offense but I looked at the article, the fact that the first students from GSU to get into SEO ever happened this year is really a poor comment on the university. SEO is open to students from all universities and has a reputation within banking as being an easy-in for minorities. (full disclosure - I'm a minority, work in FO, never did SEO)

As far as I'm aware ML4T is not only for black people - I have a Latino friend who did it.

 
fp175:
slim_ibd_shady:
I shall treasure this thread and mark it to my favorites as we receive 33 posts here which is good enough to catch enough of people's attention to continue in this discussion

As a rising graduate from GSU, I have talked to people from my school's finance department and found out two students from GSU undergrad that they have been accepted to joining the Wallstreet firms. http://www.gsusignal.com/living/preparing-students-for-wall-street-one-…

Both of them told me that the only reason they could have received the offers was because of the SEO program. Unfortunately, as I stated before, I'm already near my graduation and am way past the eligibility of applying to SEO as an undergrad. I did ask Rogers and he referred me to another program called ML4T. I looked it up and this may be just implied and drawn from the impression as I visited their website, but most of the applicants happen to be African Americans. So, as for someone whos part of a minority ethnic group myself and being non-black, what are the chances of joining ML4T? Also, is there another organization similar to ML4T for people who are no longer eligible to join the SEO?

SEO is a program specifically for underrepresented minority undergrads. It is competitive to get into but you will get a front office banking internship for the summer. No offense but I looked at the article, the fact that the first students from GSU to get into SEO ever happened this year is really a poor comment on the university. SEO is open to students from all universities and has a reputation within banking as being an easy-in for minorities. (full disclosure - I'm a minority, work in FO, never did SEO)

As far as I'm aware ML4T is not only for black people - I have a Latino friend who did it.

Thanks for the response. Ah, I see now, so I guess it's not too crazy for me now to look into joining ML4T. Regarding that SEO/GSU comment, although it's only their first year picking out students from a non-target like GSU, that at least shed some light on students who desired to go to Wallstreet and yet are only attending to a non-target school. In this case, SEO is being more unbiased and select candidates from the overall pool of applicants based on individuals' backgrounds and merits, not just the name of the school. I see that as a positive sign for the future non-target students

 

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