What firms do UVA kids end up in banking?

The discussion is not limited to UVA. For example, where do most people at NYU/UCLA go for an entry-level banking job? As an incoming student at UVA, I really want to know where the alumni end up because LinkedIn does not seem to give all the answers.

 

do you mean which firms? quite a few from nyu go to BBs, boutiques, mid sized pe firms, haven't met a lot of who have gone to do consulting/pe at mfs/directly go to hfs. I know one guy going to mckinsey and a few going to deloitte and very few going to hfs and know a few who went directly to mfs for pe.

 
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I met a UVA grad in NYC who made it to a HF and 7 figure total comp within 3 years of finishing undergrad there.

I think I remember when he got his first bonus check from the HF. We were at this house party in NYC BSing around and people were going around saying how much their bonus was and he casually just said $1 million. The girls eyes in the room locked on this dude like a heat seeking missile. And they never left. He was like the guy to date in our circle and wasn't super good looking, but relatively handsome I guess.

One chick with huge boobs was trying to mack on him and went to his front door to surprise him in a trenchcoat with nothing under it and flashed him at his door and he shut the door in her face. hahahaha.... it was legit though as he gave her clear signs he wasn't interested. I was friends with both of them, and they both thought it was hilarious.

Those first couple of years in NYC were a total wtf to me in so many ways.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

I was a 2012 UVA grad and working in PE now. McIntire, specifically, does very well for banking recruiting, and I would say that out of my class of ~335 grads those who wanted to go into banking found positions.

The earlier class report mentioned sounds pretty accurate as I would say each of the bulge's took anywhere from 3-10 and then the EBs generally were closer to 1-5. In regards to market, I'd say 70% went to NYC with the remainder split between mostly DC, Richmond, Charlotte, and Atlanta. I'm sure things have shifted now as McIntire has begun to try to catchup in the tech world, but I am constantly reached out to by current McIntire students.

There was a program (that may or may not be around still), that was, I believe, taught by John Griffin that took less than 10 students a year within McIntire. You had to go through a pretty rigorous application, but most of those in that program had their pick of starting point and many were off to hedge fund positions around the 1 year mark out of undergrad.

One thing I will say is that for students at UVA who do not get into McIntire or choose not to go tend to have a pretty difficult time finding jobs in banking right out of school unless to a smaller regional shop. Banks tend to use McIntire as a free screening service, but now 6 years out I certainly have some buddies who went the econ route and are working in the industry... they just had to be more scrappy.

 

No, the Investment Institute is a club within McIntire that students from the entire student body can join. McIntire School of Commerce is the name of the undergraduate business program that also offers some MS degrees. All of my above post was in reference to the undergraduate program, I cannot speak to the MS degrees.

Good point on Dallas/Houston, they definitely get some people each year too. The West Coast is generally where UVA is light on recruiting, but I think most of that is due to the student body itself. I can only name a handful of people I graduated with across all of UVA, not just McIntire, that were actually from CA, let alone OR, WA, AZ, etc...

 

Yes you're right about the John Griffin class. I had a few friends who were in it but supposedly the class has just ended due to the closure of Blue Ridge.

Also, to address the OP, I'd say that UVA makes it very easy to recruit at pretty much every bank. Sure, you have to have good stats but that's the same as it is everywhere. A Harvard kid is gonna have just as much trouble recruiting with a 3.2 GPA as a UVA kid will have. If anything, it's less cut-throat than other targets so its easier to standout because you're mostly being compared to other UVA for the on-campus recruiting. I've heard many kids at a school like NYU are in internships year round, so you're essentially at a disadvantage if you don't have those internships.

 

I wouldn't really group UCLA and NYU with UVA... all 3 are great schools but UCLA and NYU definitely benefit from being local to where large financial institutions are.

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