What's OCR like at your school?
Curious to hear what the OCR scene is like for your school and how easy it was to get interviews.
I go to one of H/Y/P, which all the "ranking" threads always denounce as a target. I definitely agree that I go to a target given the amount of alum we have in banking, but it was surprising to me how few firms actually came to campus. Many of the EBs especially didn't host presentations on campus, so networking with alum was much more valuable than OCR. Has OCR been helpful for you? Also don't mean this in a way of being ungrateful, as I know being at a target affords me many opportunities and nontargets have it much harder and are grinding out there.
graduated but i went to ross, a lot of recruiting was run through the finance clubs
Also go to one of HYP and completely agree with what you said -- there's a few BBs that are super present, but frankly maybe 1/2 actually come to campus more than once & put effort into publicizing it. Like 2-3 EBs and a few scattered boutiques (Raine, HL, Incentrum come to mind). OCR has not been very useful in my search for SA 2021. But, also extremely agree with what you said about HYP having so many alumni that it's not difficult to find someone at pretty much any bank out there.
I do know that the top few finance clubs (especially the diversity finance clubs) have direct plugs to GS/JPM/MS/BOA plus MBB
Go to non-HYP ivy, pretty much all firms have resume drops on handshake but only a handful actually come to campus to do presentations. Lots of outreach from clubs (investment group regularly sends out job fliers, even from firms that don't have actual OCR). That being said, I think the OCR aspect of a target is pretty overhyped- banks coming to campus didn't really have any impact on the recruiting process for me, it's more about what happens with how resume drops from the school are treated at the firm and if they have a set number of interview seats for the school. Didn't think I ever actually gained anything from presentations and those networking events are always completely useless.
Fax. In a circle with a banker and 10 students asking cringe ass questions
And all 10 kids in the circle slowly trying to move forward/shoulder people out of the convo. Miss me with ever going to one of those again
Jesus, it's like a nam flashback
so true. And everyone was just sucking up, so cringe
relief to hear honestly
Boston College: We are a semi-target and out of firms that do OCR, Citi is absolutely everywhere—they are on campus a lot and sponsor a lot of IB related stuff. UBS is really the only other bank that comes on campus, they do coffee chats w/alum once every semester. Other than that none of our target banks actually show up on campus.
For semis OCR is definitely valuable as the only way you would place at a firm that doesn't target us is to be an absolute standout candidate.
lol i go to bc, you're absolutely correct that citi is everywhere. seen so many guys post abt "incoming investment banking summer 2021 analyst at citi" from our school. Do you know why we're such a target for them?
A lot? I've only seen 3 so far, 1 being FIG and the other being Cap Mkts. Personally, I think it has to do with MD connections and them pulling for their alma maters. eg. Citi trots out Matt Burke at every single info session and I bet he goes to bat for us every year and makes sure Citi saves seats for BC kids. That's also why it's possible for 1-2 kids to go to GS now, apparently a couple alums at GS made MD and then made BC a kinda semi-target.
I went to Baruch. Only accounting and back-office roles would come to my school.
At our student fair, one HR employee from Citi remarked we don't come here to recruit for those jobs.
A few years later, I saw the OCR website of a coworker that went to Wharton, and I couldn't believe what I saw on his page. Night and day difference.
RIP. is there any recruitment run through clubs?
Same exact situation but different school. They only recruited for HR and maybe ops.
It was so awkward trying to ask. My school doesn’t even have companies bother with our Handshake or whatever. My HYPW friends get postings from funds that technically don’t even have an official internship program.
Wow, very interesting.
Interesting. So did you end up in front office?
I go to UNC:
GS: An info session, typically once per school year. MS: One info session per year; two coffee chats per year. JPM: No OCR anywhere anymore.
BAML: Two to Three info sessions per year. Citi: I heard FIG used to come, but they didn't this year. CS: A couple of small info desks for Raleigh Tech (tech ops not TMT IB). Barclays: None
UBS: One or two info sessions per year that, while aren't exclusive to, lean PWM. DB: Two info sessions per year. WF: Very heavily involved. 3+ appearances on campus. Sponsors a Valuation seminar.
UNC is a target for GS, MS, JPM (before new no-networking policy), BAML, DB, and WF.
Non target for the rest. Despite that, UNC sends people ever year to Barclays and UBS. Not quite sure about CS and Citi. Anyway, in my experience Barclays alum are will pull for you. Same with UBS but to a lesser extent.
IMO, for a qualified candidate, your best bets will be MS, BAML, DB, and WF if you only network via OCR. Solid chance with GS (if you're top), Barclays, and UBS if you network a lot on your own with alumni. Have no idea about CS and Citi. Networking hardly helps anywhere for JPM now.
For consulting, McKinsey has some info sessions, and and I think Bain has on campus interviews. Not sure about BCG. McKinsey and Bain mostly take kids for Atlanta. BCG is all over with no strong point at any single office. Accenture does on campus interviews as well.
For buyside, a lot of LMM or Boutique PE shops come on campus, but they don't actually take summer analysts. Big exception for OCR is Blackstone which did come this year and has taken summer analysts in the past but mostly takes for full time analyst.
Not really sure about MM IB.
As for EBs, none have OCR, but there are some alumni at Lazard. Very, very few at Moelis, and none at Evercore.
Idk about Big 4 OCR, but Deloitte, PwC, and EY take lots of kids for NYC and Charlotte. Some Chicago too. KPMG takes noticeably less.
I saw on the thread for UCLA how you pretty much have to get into a top club to break into IB. Not like that at UNC in my experience (someone with 0 connections before college). The main club is the Undergrad Finance Society (UFS) who typically host the banks. Anyone can join. They have an investing team with about $50k called the Portfolio Management Team (PMT) which isn't too selective. There isn't a strong correlation with being in it and placing at a BB. There is also they Reynolds Fund which has around $500k. People there typically due place well, but that's due to self selection more than anything else IMO. There are only like 100 kids per class who actually are serious about IB and even less that actually put in all the legwork needed. I'd say if you're a very serious candidate, you're competing in a group of ~70 kids. So very doable. I've seen some kids start going to OCR as freshmen. Maybe 15 at most.
Some Miscellaneous OCR: Fidelity, Vanguard, Capital One.
Among the top 10 employers at UNC period are: EY, BAML, Deloitte, Capital One, JPM, GS, and PwC.
Hope than can shed some light on the finance/consulting scene at UNC.
Edit: I just saw all the typos. Not gonna bother fixing.
Extremely helpful. You mentioned 3 of the EBs but what about recruiting for the others like Centerview, PJT, PWP, Greenhill, and Gugg?
Guggenheim tends to have a little bit of presence, but no presence from elsewhere.
Guggenheim has alum and takes kids every year, but they don’t do OCR. OCR and placement is virtually nonexistent at the rest of those.
You know what, I'm just going to make this into a post.
Senior at UNC and will be at BB/EB this summer and can say this is true. I'd like to add on a few things:
GS: They come 2-3 times per year. They have a super lowkey session in the spring for top ~10-15 sophomores and who they think will have the best shot to get an offer. Best shot of getting into this lowkey session is either having a stacked resume (while greatly connected with alumni) or taking the M&A class as a sophomore. Not a target but an "alumni school" from what HR told me. We still place well with about 3-7 SA each cycle JPM: No OCR obviously but still have a lot of alumni at all levels and still place well Citi: Only a target for FIG but not for IB as a whole UBS: IB alumni push hard for UNC kids. The pipeline has grown much larger over the last couple of years. Also considered an "alumni school" DB: Recently became a target but this is the first year where we have great traction considering an MD is going to bat for us CS: From what I heard we use to have a team until an MD recently left the firm. Very little representation there either way MM: A lot come on campus (Stifel, Jefferies, TPH, Suntrust, and a lot more). Most are for their Charlotte offices I would say EB: Not much undergraduate representation but have a few MBA alumni who still go to bat for undergrads On Campus Clubs: Most "prestigious" for recruiting would have to be Reynolds Fund considering its ~10 students compared to 50 in PMT. Most prestigious IMO would be the PE Fund but that is after recruiting. TBH, these aren't even essential for recruiting. There are many who aren't in these and still land offers
In all, we have great placement in every BB but Citi and CS and many MM. Not much traction for EB and I don't see that changing for a while
wow, i go to a target for GS but you guys place more than we do haha
The MD at DB was promoted to the Head of HC and specifically told us that UNC is a full target now.
What is actually considered OCR now? A ton of 1st round interviews are over the summer or over the phone nowadays. For example, my school sends a lot to one of the BBs but there was no resume drop or interviews on campus, so our career site just told us to apply through the firm's website.
was disappointed when this thread wasn’t about Obstacle course racing
Go to one of HYP:
GS / MS/ JPM-- runs OCR, big presentation where dozens of kids go every year. Place a large number into all three, with JPM probably first, similar between GS and MS. MS and JPM host events at restaurants while GS has an actual on-campus presentation
CS / Barclays / Citi -- similar to above, tend to recruit early and take as many kids as they can before GS / MS / JPM start hiring (ie. extend interviews very soon after resume drops, offers and superdays are out quickly and the bar is pretty low). Probably the most at Barclays, similar numbers at CS and Citi
BAML -- for whatever reason nonexistent on campus. Kids are often invited to alum events but not on campus.
Deutsche -- run early processes, people still go but most people don't bother
UBS -- no idea
Centerview / Lazard -- run OCR and take a sizable number considering the size of their intern class. Both run dinners / host events
Blackstone -- run OCR and host a small event
Evercore / PJT -- take kids every year but no real presence from either firm on campus. There are definitely alumni at these firms so getting looks from them is easy if you network with them
Jefferies -- takes a few a year, heard getting an interview there is not hard
Audax -- OCR, takes a few a year.
Bain Capital -- OCR, takes on average 1 a year (sometimes more, sometimes 0)
A lot of hedge funds (Bridgewater and P72, along w numerous quant funds) probably hire a lot every year but I wasn't plugged into that process
On-campus clubs barely matter. A couple place well but thats more of a function of interest than the club itself (ie. people who want to do finance will join those clubs and so will be on the ball for recruiting and will learn technicals). Networking at the bulge brackets and CVP / LAZ barely matters. From what I know even at BX and Bain they care a lot more about quality of resume than networking
Also, a bunch of smaller PE firms recruit. Crestview, Altamont, and Alpine come to mind
haha i think i also go here. H right? why do you say HFAC, Black Diamond, SWS and all the other finance clubs don't matter for recruitment?
I went to Dartmouth. As of a few years back, we had every BB come on campus except DB (for some reason). In terms of EBs, we had Evercore, Lazard, PJT, Greenhill, PWP, Guggenheim, Centerview come on campus, with Moelis and Allen not coming but having a resume drop. For MM, we have most come up, like Jefferies, HL, Lincoln, MacCap, Nomura, MTS, Leerink, RBC, WF, Blair, with a couple others. No Rothschild or Baird and a few others, unless that changed. Not many other boutiques do OCR, but just a resume drop, so we had DBO, Liontree, Incentrum, Ducera, Miller Buckfire, Raine, Qatalyst, FTP, USA, etc. The newer firms also do resume drops from what I've seen on our job board.
In terms of buy-side firms. We had a couple UMM firms do OCR, like Bain Capital (Credit), Audax, Cinven, etc. Not many MF (in general anways), but Blackstone does a lot of stuff at Dartmouth. In terms of non-PE funds, we got a few smaller hedge funds, the MMs like Citadel, AQR, P72, etc. Bridgewater does a ton on campus. Fidelity, etc. Quants and props also recruit, like SIG, Optiver, Jane Street, DE Shaw, etc. Most well-known public equities firm that has an undergraduate program did OCR or a form of it.
For consulting, all the MBBs went hard on OCR. We also had the Tier2s and boutiques do a ton on campus. I think a higher % goes to consulting, or at least it did for my class, which makes sense across all Ivy League schools (besides Penn), as it is pretty LA focused.
Unlike what I see from Wharton and Harvard(?), your on-campus clubs do not matter at all. There's not even that many, with only one main finance and one main consulting club (The logic that if you're interested in finance/consulting, you're in one of those clubs anyways). What matters more is your connections, i.e. your fraternity/sorority, sport (club or varsity), other clubs.
The firms that usually go hardest on OCR are probably GS/JPM/MS, Citi, PJT, Centerview, Lazard, Blackstone, Jefferies, Bain Capital, Bridgewater, the MBBs, and a few others.
Worth noting that the Coheads of IB at GS and MS are joining Dartmouth’s board of trustees this year
I don’t think every BB goes on campus anymore. It’s just tough making the trip to middle of no where New Hampshire. For banking I think the ones that make the biggest efforts are GS, MS, JP, BAML, Citi, Jeff, PJT, Evercore, DB & Nomura. I don’t think there is much of a pipeline to CS, UBS, RBC, Moelis, PWP, Barclays, or the MM banks.
Buy side recruiting is very good. I think Dartmouth is one of the few places outside of HYWS that sends PE analysts to Bain and BX at a pretty consistent rate.
Oh actually? That’s a shame because there’s usually a decent size Dartmouth contingent at those banks, but it makes considering how far out Dartmouth is from NYC. But yeah, I agree on the BS-statement for sure, they’re up there in terms of % and pure volume.
wow, OCR at Dartmouth sounds awesome lol
Eh, it's there if you want it. It's definitely very chill compared to what I heard from other schools, but that might be due to the fact that our total population is very small and that a greater % of people want to go into consulting, politics, SWE, etc instead. That being said, if you want finance, you can easily get finance.
I go to Dartmouth, a lot of the information here is incorrect. I barely see any recruiting for CS, UBS, RBC, Moelis, PWP, or like most of the boutiques and middle markets. Maybe it was like this a few years back, but recruiting has ramped down a fair amount in recent years. The off cycle internships are hard af to get.
Buyside recruiting is still pretty good comparatively though (I.e Bain and BX will consistently take people).
I went to Dartmouth too. What do those firms do now? Just resume drop, I'm assuming? And how did the off-cycle internships become hard to get? As in the standards are set higher for interns or there's less firms offering it?
Just graduated from Dartmouth and can confirm that the off-cycle internships have become way more competitive recently now that GS, BAML and Citi have stopped them.
MS only takes 1 winter IB intern now and the past two years its been easily one of the strongest kids in the school. Cinven takes a handful but seems very network based, they don't really take the strongest kids. Outside of those two I don't see many other worthwhile winter internships that are advertised on campus but many kids land great buyside gigs through connections.
OCR is definitely way more chill than other schools which is a huge plus, but i think the winter internships are overhyped now that most top banks don't do them.
Anyone know what schools the elite boutique Dyal does OCR at?
Go to Brown U- its sort of a controversial school on here because its a polar opposite to some undergrad business schools and some people think its great while others think its awful, so thought I'd shed some light:
We have resume drops on Handshake from every BB (except maybe DB? don't recall ever seeing that one).
GS/JPM/MS: Lots of OCR from Goldman and MS. Both hold events, dinners, and networking sessions. Both take at least 2-3 kids for IBD a year and a lot more for things like S&T and back office (especially Goldman takes a lot of back office). JPM doesn't do much.
Barclays does a lot of events and has a ton of alumni. They take a few kids every year.
CS/Citi/BAML don't hold many events, but do post all their jobs on Handshake. Still, there are usually at least one a year at both of these. Not a ton of alumni though (BAML has some, not a crazy amount). BAML takes a bunch of kids for PWM and stuff like that.
UBS/DB- no idea
EBs-
PWP is definitely the best recruiting pipeline from Brown. Tons of events, take ~5 kids a year which is crazy given the size of the firm.
EVR- not a ton of OCR but usually take 1-2 a year.
Moelis/LAZ/PJT/GHL- have resume drops but not much of a dedicated recruiting pipeline. People have ended up at these places via networking, but Brown isn't a huge target from them I think.
Boutiques/MM- Blair takes a bunch every year, not sure how much OCR they do but definitely a solid pipeline. PJ Solomon hires a ton from Brown, and they do a lot of recruiting. Harris Williams takes a few usually.
Overall, we definitely have better pipelines at some banks vs others, but a Brown name on your resume is usually enough to get your foot in the door at most places even if they don't have dedicated OCR. Alumni are generally pretty willing to help, and grade inflation definitely can be a nice touch. Brown's placement is definitely solid, especially when you consider how small a proportion of the student body actually wants IB. Everyone I know who did IB recruiting landed at one of the shops I list above, so while it'd be a lie to say everyone ends up at GS or MS, everyone I know has been able to land at BB/EB/top MM.
Also outside of IB, all MBB firms come and do events, decent amount of buy side stuff (mostly places like Citadel, DE Shaw, etc and some MMPE firms). Those are generally less intense OCR and more just a resume drop. Anecdotally, not a ton of people go that route. Only exception is Point72, which does pretty serious OCR and takes a few kids a year.
Yep, there are also clubs that will have some additional opportunities. Warburg, ares are two of the top of my head that recruit from clubs, and insight venture also takes around 2-3 every year. Jane street also has a pretty big presence, as does AQR and smaller places like millennium and aquiline. Centerview comes every year, but they only take 1-2, and there are a fair amount of smaller boutiques (leerink, PJS, USA) that also recruit.
Overall, I would keep in mind that the number of kids recruiting at brown is really small. I’d say maybe 30 recruit for IBD/high finance max. Events like the Barclays info sessions will have 20 people in attendance total in a recitation classroom sized room.
I would say that brown is much stronger for consulting. There’s way more interest, every MBB and T2 shop recruits, and there are dozens and dozens that go into it every year.
Biggest pipelines are MS, GS, Barclays, PWP, MBB, Insight, Point72, and MBB/Oliver Wyman/ Strategy& etc obviously
Yup, completely forgot about Centerview, they do on campus interviews and definitely take a few each year.
Also out of curiosity, what club does Warburg recruit through? I had no idea they recruit from Brown
Curious, how many people do you think end up going the P72/DE Shaw/Jane Street route as opposed to IB?
Probably slightly less go to quant because the firms are smaller generally (there aren't massive analyst classes at quant funds like there are at IB). I only know a few people that recruited for quant stuff and all placed somewhere, but most were CS people more on the tech side of things.
Just graduated from Georgetown. Every BB came to campus, most multiple times for info sessions, coffee chats, and on-campus interviews for those that still do them. At a rough estimate each takes around 5-10 a year for IB. Lots of MMs also come (Jefferies, RBC, Rothschild, Houlihan, Mizuho, BMO, HSBC etc) that take a decent number, but missing some of the bigger domestic names like Baird and Blair.
EBs are less consistent but the number coming to campus has been increasing. PWP, Lazard, and I believe Evercore which has started coming to campus recently take 3-5, Centerview and PJT take 1-2. There are alumni at the rest of the EBs (might take 1 a year on average) so getting in will take some networking but Evercore has started coming to campus. Nothing from the smaller shops like Qatalyst, Liontree.
Buyside is a lot weaker. This year Blackstone came (the head of PE is a Georgetown alum) took a few seniors across all groups. A few other scattered MMs like Altamont, BDT, Aquiline. Nothing for quant/prop shops which is no surprise given Georgetown's lack of STEM focus.
Consulting is more skewed, MBB are all active and take people (more so McKinsey and Bain than BCG), with some T2s, (LEK lots, Deloitte only hires for their government practice, and AT Kearney might take 1 a year).
There are some clubs that are stronger than others when recruiting (GUSIF and the credit union for finance), and have alumni and some pipelines, but you can definitely break in without one.
Here's my two cents on UCLA:
To begin with, the school doesn't give a shit if you get a job or not. There are really few resources that the school provides to help students place into IB roles (they've a program called Sharpe Fellows where they pick up 20-25 sophomores: more on this later). Now that you're left on your own, you have to utilize online resources and any other club resources that you can get your hands on (that is if you're in a finance club on campus).
Recruiting for clubs on campus:
Recruiting into these clubs is crazy hard, they typically take in about 10 people in fall (mostly freshmen, sophomores) and around 6-8 people in winter (almost all freshmen). Each class has about 6K students, probably 2K majoring in Econ/Stats/Math. Assuming even 10% of people majoring in Econ/Stats/Math apply, you're looking at a best case acceptance rate of 5% (and this number is on the higher side). Keep in mind that you're competing with other UCLA students who have incredible profiles, so the recruiting is really cut throat. Assuming you get to the final stage of this process, everything depends on luck. I'm telling you this because I have been in this position. You might not get picked in because of some absurd reasons: maybe their club has less female members, so they end up deciding to recruit more female members; maybe you're an international student and they don't want to f*** up their placement stats by recruiting too many international students; maybe they don't like your vibe. It is easiest to recruit as a freshman in fall quarter because you've low expectations of you.
Now assuming you're in one of the top three finance organizations on campus (Bruin Asset Management (BAM), Bruin Value Investing (BVI), Bruin Hedge Fund (BHF)), you've got a road set up for you to breeze through. Juniors & Seniors in these clubs will help you get internships at boutique firms in LA (during school year, or summers after freshman and sophomore years).
Case Competitions:
There are two major case competitions hosted by Investment Banks on campus. Houlihan usually has a case related to restructuring that you'd be able to take part in during winter quarter of your freshman and sophomore year. They host this event in association with Bruin Hedge Fund. Houlihan looks through the submission and invites a few teams to their office to present to partners at the firm and have a winner (I'm guessing the winner gets an easy final round interview for internships).
Credit Suisse hosts a case competition with Bruin Asset Management. Their case is usually related to LBOs and like Houlihan's case, freshman and sophomores get to take part in this event during winter quarter. The first round submissions are filtered by Bruin Asset Management. They typically send teams from their club and maybe one team each from Bruin Value Investing & Bruin Hedge Fund. It's very hard to get to the final round unless you're in one of these clubs. My friend's team didn't get through even though my friend's dad (who's an MD at a PE firm) helped them with their model (I'm sure juniors & seniors at Bruin Asset Management have more knowledge on LBO's than an MD at a PE firm lmfao).
Other Programs:
Around winter quarter of your sophomore year, there are a couple of programs: Investment Banking Workshop (managed by Undergraduate Business Society, abbreviated as UBS), Sharp Fellows: Investment Banking Cohort.
The UBS Workshop is managed by seniors who have IB offers and these kids are typically from BAM, BVI & BHF. So once again, if you're in one of these clubs and know your technicals pretty well, you should get into the workshop. That's not a prerequisite of course, but the process is 10x easier if you're in one of these organizations. Getting into this workshop is a really big deal because you get access to private info sessions with firms.
The other program is Sharpe Fellows (hosted by Partnership UCLA) & there is about a 90% overlap between the students here and the ones in the UBS Workshop. It's almost as if students are placed into Sharpe Fellows based on their status in their workshop. I'm guessing you'd get in pretty easily into this program if you're already part of the workshop.
Final Comments:
So yeah, if you're part of one of these organizations & get into the two programs I talked about, you've made it. You will get an offer in IB, but the hard part is getting into one of these organizations. It's crazy that the school just doesn't care about professional development and a few juniors & seniors at UCLA get to decide whether you will be able to recruit into IB as an undergrad at UCLA. If you've interested in finance and have an offer to join UCLA, I'd ask you to reconsider. If you've got an offer from UCLA, I'm pretty sure you could have gotten into schools like UVA, UMich or some other semi-target. You'll get almost no support from the school and will be left on your own to compete with 2K undergrads in your class to fend for yourself. Having the #1 Public University tag will not help you while you're recruiting.
nUmBeR oNe pUbLiC uNiVeRsItY
yea if you eliminate all the top private schools we are the most elite
So what’s the process for recruiting into these clubs as a freshman?
idk i didnt actually go to ucla lol
UCLA kids, when in the right orgs, kill it though. Have seen GS, MS, Qatalyst, Lazard, PJT, PWP and plenty other top banks.
don't forget SAE, crank out bankers
Yep, they tend to always have 3+ guys every year. Tend to feed into Bruin Asset Management as well.
Rush Sig Alph
Holy shit I'm so glad I decided to go to UNC instead of UCLA
If I've said it once Ive said it 1000 times. For undergrad finance placement, USC>UCLA. UCLA may have better academics, but USC sends notably more kids into banking, particularly out of their undergrad B-school
Yale
BBs all have a presence, some significantly more than others.
Yale is an aggressive target (campus-dedicated recruiting staff/they send 4-10 alumni back to host events at least 2x a year) for GS, MS, Barclays, JPM, BofA, Citi as far as BBs go. All of the aforementioned have regular coffee chats/other miscellaneous events (GS had an ESG investing presentation, for example, in the fall, similar things for the others). Credit Suisse, UBS, DB also have presences but slightly lesser -- although CS will a similar number of analysts as that first group, whereas UBS/DB tend to have fewer.
Yale might be the single largest school in Barclays' IBD. High level (C-level, heads of coverage/product groups) alumni at CS, Citi, Barclays, BAML, GS, MS especially. Each BB has our alumni review our resumes and decide who gets first rounds based on that, the alumni teams are usually headed by the highest level Yale alum + a bunch of analysts.
Yale network is notably strong in Citi M&A and Industrials, BAML M&A + C&R, Barclays Tech & ECM/DCM, GS TMT in SF+NYC and HC+FIG in NYC, CS Industrials and M&A, MS M&A and Power.
MBB recruiting is non-stop. Coffee chats like once a month it feels like. Diversity, women's, freshman's, FGLI, LGBT+, etc etc. More kids try for MBB than IB. Some presence from Deloitte/KPMG but just the advisory and consulting parts. A ton end up in MBB. Echo what the Dartmouth guy said about them going hard. More definitely end up in MBB than IB.
EBs with notably large presences are Lazard & Centerview who both do widely publicized events & smaller events -- they'll take kids they feel are very competitive to a nice restaurant near campus (Barcelona) and wine & dine them. Lazard has at minimum 3 spots for Yale interns a year. Evercore & PWP both take a few every year. Tudor Pickering Holt has multiple on campus events every year, mostly through the school's Energy Studies program. PJT has very little presence or alumni oddly. Raine Group comes 2x a year and pretty much always takes 1-2 SAs. Incentrum shows up a lot, which makes sense, cause the firms founders have like four kids at Yale between them. Guggenheim has apparently decided to target Yale according to a buddy going thru recruiting with them right now. Greenhill has lots of alum but I think only comes once a year. Not a lot at Moelis, alumni or presence-wise. PJ Solomon has also apparently decided to make us a target according to another friend who had his superday there.
Blackstone takes 2-5 SAs and an additional 1-3 FT people a year, they have big OCR presence. Multiple events, specialty (diversity women etc.) events, they take people out to fancy dinners just like Laz/CVP.
Point72 runs a lot of on-campus recruiting stuff and takes roughly 5 for their academy program. Bridgewater usually nabs a few too. A few kids at Citadel, AQR, RenTech who have OCR. Lots of kids go into prop trading, at a place like a Jump Trading or something. Optiver, Jane Street usually nab a few kids. D.E. Shaw has a big OCR presence & alumni base, D.E. Shaw's son just graduated from Yale this spring.
Some VC firms recruit on campus too but not super familiar with it.
To contrast what the other guy said at one of HYP, networking matters a ton at BBs/EBs because they get 10-100 resumes from Yale students that are all pretty great, so they use who they've talked with to cull that list down for superdays.
Certain finance student groups (YSIG, YCG, Sube come to mind) literally get money from GS/MBB/BX etc. to operate and more or less have direct pipelines for leadership to these places. Other student finance groups that aren't selective still have strong relationships, like YUDI which goes to visit offices in NYC + has good relationships with BBs, or YNI which also has a plug into MBBs. Certain departments (STEM/Econ) will get blasts from recruiters at top firms -- say, D.E. Shaw will ask the head of the Stats & Data Sci dept. to blast to all the students in the major that D.E. Shaw is looking for data analysts. Specialty groups (Women's Leadership Initiative, Yale cultural houses, LGBTQ+ groups) will also get emails from recruiters and then pass those along to members. Furthermore, other groups -- acapella, frats/srats, dance groups, sports, residential colleges, etc. -- can play a huge role in you getting a gig somewhere.
I'm less familiar with general PE recruiting, but I know Advent usually takes a few interns (3 this year).
Hardest-going OCR firms are GS, MS, BAML, Citi, Centerview, Lazard, Blackstone, Point72, D.E. Shaw, MBB (above all else), Raine.
I'm the other guy who wrote about HYP. Go to Princeton. I think our finance scene is very different from HY just because we really don't have many going for investment banking / buyside PE (quant HFs and consulting is another story. McKinsey / Bain might be the single two most sought after jobs at our school and they take huge numbers of kids. When McKinsey came they interviewed at least 50 people on campus). Clubs really don't matter at all. Most kids I know who got offers were not in any finance related club.
For investment banking and PE, relatively few will go for those roles. I would say we send ~10 kids per year to JPM (heard we also might be the single biggest school here), MS, GS, Barclays (I've heard we might be the biggest school at Barclays too. Alum go to bat for us there), and maybe 4-8 per year to CS (where we used to be the biggest presence but have fallen off. A few years ago 13 Princeton ppl went to CS), Citi, DB (where we also used to send ~10 a year), Centerview, Laz. No idea about UBS but there are definitely people who go yearly. Maybe 1-3 per year to Evercore, PJT, Blackstone PE / RE / Tac Ops, BofA (for some reason really doesn't like Princeton, though you can pretty easily get interviews), Bain Capital. Warburg comes but its pretty understood they will take only from Wharton and maybe MIT.
Some strong Princeton groups (as far as I know): Goldman TMT / Consumer Retail / Healthcare / Nat Resources, MS M&A / P&U / Sponsors, JPM M&A / Consumer Retail, CS Sponsors / TMT, Barclays Nat Res / Sponsors / any cap markets group / healthcare, and Citi industrials / sponsors. Outside NYC, CS Chicago, MS Menlo take some but not sure about other firms and offices
I think overall Princeton is the least finance heavy of the HYP trio in the sense that the fewest kids want to go into finance, but there are still ample opportunities. I suspect that our hit rate of kids who want investment banking who also get a bulge bracket opportunity is the highest among any school simply because of our brand name combined with the least interest in finance. Generally people go into consulting, politics, or grad school far more often than banking.
Are those numbers that you stated about JPM, CS, DB just for IB or also including S&T and other FO jobs? I don't go to HYP but 10 a year to DB IB seems high.
I go to a target but not like Wharton or Stanford or anything. Pretty much every BB and EB has events on campus, most of which include 2-300 students packed in a conference center trying to talk to 4-5 junior bankers. They usually had coffee chats as well, which was nice because it was 1:1, but most required applications given the demand. Needless to say, not super helpful. Reaching out on your own and trying to schedule in person coffee chats and phone calls was the most effective, but also everyone did that (I was talking to an analyst who said they got over 50 emails after a campus presentation), but if you started early and were proactive on Linkedin, they can set you apart. Also, as most others mentioned, getting into one of pre-professional clubs was a big help as they helped you prep for these calls and then for interviews, but also have networks of their own, so it was easier getting bankers to notice you. I also ended up signing with an EB where I did 0 networking, so I may be biased, but OCR was pretty overrated in my opinion. The clubs, previous internships, and overall brand name of the school was what helped me the most.
Is this Stern?
My guess is either that or Michigan/Berkeley. No other schools have 200-300 kids showing up to firm presentations.
Curious as well, is this for Stern?
Don't want to get away too much info for the sake of anonymity, but yeah its a top undergrad business school (Stern, UMich, Gtown, Berk...) I think a lot of them are similar as OCR goes.
cancer with a side of syphilis and underclassmen who don't shower enough
Schools based in NY like NYU, Cornell, Columbia, etc. get a lot of coverage from banks. Not a long trip to get there
hahaah, that's realely funny
https://media2.giphy.com/media/RiEqMWo9BXzkBAuAhh/giphy.gif" alt="What's OCR like at your school?" />
Also, my wifi connection to this website sucks. MIght accelerate my leaving this website for good.
Damn I always knew HYPW helped a lot, but damn.
bold of you to assume we have OCR
I go to binghamton university. All of the Big 4 basically live here. The b-school's honors program is actually called PwC scholars. Alvarez & Marshal recruits well due to one of the most senior people there being an alum. In terms of IB, being prominent in the finance society/investment fund helps a fair amount it seems. Wolfe Research runs a equity research SA program for freshman and sophomores due to a alum being one of the stars there. Jefferies runs an academic credit equity research externship program. IB and S&T placement is not at all on par with UNC or michigan and there is no OCR for BBs but there is also a lot less interest/knowledge. Citi has a bit more of a presence than the other BBs in terms of events. Raymond James acquired a IB boutique led by alum recently so they are active. Foreign oriented banks have come on campus to recruit for IB or dcm.
Numbers I know of for BBs and boutiques this year (ft and sa): JPM: 1 (structured products) PJT: 1 (RSSG) Guggenheim: 3 (IB) Morgan Stanley: 2 (IB) Goldman Sachs: 1 (IB) BAML: 1 (lev fin IB) Barclays: 1 (S&T) 1 (corporate banking) CS: 1 (S&T) Citi: 1 (IB) RBC: 2 (IB) 1 (dcm/origination) Jefferies: 1 (IB), 1 (ER)
Last year: Lazard: 1 (IB) Moelis: 2 (IB) JPM: 2 (IB) 1 (structured finance) Morgan Stanley: 1 (FI S&T) Blackstone: 1 (PE secondaries) Rothschild: 1 (IB) Jefferies: 1 (IB) 1 (equities s&t), 1 (prime brokerage S&T) Barclays: 1 (ER) 1 (corporate banking) UBS: 1 (IB) A bunch of more MM stuff for both years
What % of those BB/EB IB placements diversity?
Nvmd, looked it up on Linkedin. Mostly non-diversity, so not bad.
None aside from non-minority woman which are 30% of what I listed. The woman's profiles are just as impressive as guys from what I've observed in terms of academics and ECs.
1 made it to PJT RSSG and 2 to Moelis? that's pretty sick
Yeah it makes some sense because our admissions stats are the exact same as UNC and UT austin and we are in ny so we are bound to have some very impressive kids but people don't view our brand on the same level.
At a school in Boston:
GS has info session for IB and PWM (takes way more people into PWM) MS usually takes some people but doesn’t really come to campus. UBS takes people into PWM, IB
MMs like Jefferies, Piper Sandler, Blair also take people via OCR
Other than that local boutiques recruit people for IB and some MM PE funds have a presence as well.
No recruiting for name brand consulting or hedge funds.
So BC?
don't know who posted this, but I'm doing SA IB at UBS. there are 14 BC interns in IBD. every year the captain of the IB recruiting team goes to bat for more and more BC kids. 2 years ago there were 10 interns, last year there were 12, this summer there are 14. not sure about other divisions but i know some kids doing WM
Can someone shed light on the Wharton OCR experience?
I don't go there but 164 to IB, 104 to Consulting, and 24 to PE. This is just Wharton, not including CAS. Top employers were the following. (85% knowledge rate)
The BB roles include all divisions, not just ibd, but yes those industry numbers are right overall and the class size is in the 600s
Wow
Can someone do this for Duke? I'd really appreciate it.
Go to Notre Dame, OCR has gotten a lot better in the past few years. GS, BAML, Citi, JPM recruit heavily and last year we send a handful to close to every BB. Weakest BB connection is probably MS.
EB presence has also been increasing, last year we placed 4 at Evercore and 2+ at PJT, Lazard, Moelis, Greenhill. We also place well at Midwest banks like HL, William Blair and Baird. There are BB, MM, and boutique bank “days” where all of these banks send people for coffee chats and a panel followed by networking. Alum go to bat for us, so once one domer gets in the door somewhere more normally follow
anyone know what Penn non-Wharton is like?
Following you around until you get your question answered
I'm at Columbia and the ocr is pretty interesting. I'm working at a GS/MS/JPM this summer and know kids working at hedge funds, PE, a decent amount at Evercore, Lazard, Deutsche, lots at MS, a few at Citi, GS, BAML, TD, HSBC, Jefferies and Greentech. There are also a few doing MBB and VC. There are a lot of boutiques, the basic BB heavyweights, Point72, and Evercore that take a decent amount of kids but I don't personally know of any kids at Centerview, Moelis, or PJT this summer (although Moelis does come to campus). Honestly a lot of the student population isn't obsessed with banking so not every bank comes; however, there are a decent amount of kids at every bank and I'm very satisfied with the opportunities Columbia offers.
Yeah same here, working at a mid-tier bulge bracket. I would say basically within IB we send a healthy amount to each bulge bracket and you'll be going into the summer with a healthy amount of people you know in front office roles. We also do pretty well with the EB's and can actually attest to a kid heading to Centerivew and PJT each and there's probably at least one Moelis kid considering the fact that they did come to campus.
Basically, the OCR situation is pretty nicely set up because in my opinion it's honestly for the most part yours to lose. I see some other threads about massive competition to join the right "clubs" and organizations for networking purposes and although I can't say they're not helpful in terms of making you closer to other students who know what they're doing and maybe a degree close to bankers, it's far from the be all end all that it is at other schools. As long as you have some relevant experience, a decent GPA and you're not a weirdo, you'll do fine given how extensive the Columbia network is. The reason why most people don't get offers in my opinion is because they decide it's not for them and tend to give up or just don't know what they're doing and miss the recruitment train. And even if you don't get a BB / EB position, you'll still def be able to hustle for some smaller boutique opportunity on graduation just from brand name and also if you've had at least some relevant experience before. Overall I can't comment too precisely on where we send the most people as we're not a super tight-knit b school or anything but to echo the person from above we send at least several people (3-10) in IB alone to all the major BB's and S&T and ER included probably a decent amount more. I'm not actually too sure if there are a lot of people who go straight to buy side but there are usually a couple of people going to Blackstone and Point 72 each year. I think as OP mentioned Columbia is a pretty diverse school and NYC has a lot of other things going on beside finance so there aren't actually that many people going for finance positions. But in the end I think it works out pretty well, and honestly might be the advantage of trying to get to IB from H/Y/P as well is that the brand image of the school works really well for IB, but you're not necessarily drowning in a sea of bodies that wants to do IB. I suppose that can also be a minus for some people, and its definitely true that IB / PE aren't as widespread or accessible here as say Wharton, but unless you're dead set on IB and live and breathe finance, Columbia's a pretty good balance and packs a punch if you are in fact interested in IB
removed
Don't know/go to either, but I know that Vanderbilt is one of Evercore's target schools from a friend who went there & now works there
For Cornell: MS/GS, Citi, BofA come to campus and host diversity events/coffee chats. These are very helpful to speak to alumni and the recruiters (have a large presence at all of these banks in various roles).
For boutiques: Cornell places very well into the boutiques in my opinion. We have alumni at Evercore, Moelis, Guggenheim, Lazard, PJT.. Some of these boutiques also are very involved with coming to campus and have separate superdays for Cornell.
Cornell alum on the street are very helpful and are always willing to offer advice during recruitment. There is a large interest in banking from students, not just from Dyson.
Any buyside recruitment at Cornell?
Blackstone comes to campus and hosts diversity events and coffee chats. Have kids go to BlackRock and others as well. Cornell has a strong alumni base and places very well
[]
USC student here. The school is large enough to the point that I don't know every placement, but I can pass on some club information. Trojan Investing Society and Value Investing Group are the big ones, prestigious greek life (EX, AXA) also has their own pipelines I won't comment on. Surprisingly, placement is very spread out across SF, NYC, LA
For TIS (class size of around 50) the last 2 years total placements have been:
http://trojaninvestingsociety.com/tis-placement/
JP Morgan x7 Lazard x9 Evercore x3 Morgan Staley x3 Credit Suisse x4 BofA Merril x5 Moelis x5
then a bunch of others: nomura, PWP, Houligan Lokey, etc
For Value Investing Group (class of 12) (very niche group, not typical IB)
Blackstone Private Equity x2
Id guess outside of these, there are x2ish placements from connections and frats. All-in I'd guess 45 kids get top prestigious banking/PE jobs a year. maybe 40 more get Nomura, Rothschild, Piper-which are still amazing imo.
Of the 45, 15 to NYC, 15 to SF, 15 to LA. Not too bad. Goldman gives presentations on campus but I haven't heard of someone getting a job in the past 2 years, which is a little disappointing....
Ullam exercitationem aliquid ea exercitationem. Nihil enim voluptatem similique voluptatem animi enim recusandae. Molestiae ab et delectus doloremque ipsam. Velit consequatur dolorem in et mollitia. Non quo vitae exercitationem molestiae eos aut et fuga.
Ullam quo totam praesentium atque autem et quia. Et doloribus voluptas voluptates rerum sunt aut. Ut rerum repellat voluptatem ab sed. Veritatis possimus rerum ab. Doloremque at magnam sint cupiditate.
Veniam delectus eius hic qui dolor et. Vel laudantium cumque quia odio et porro nihil.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Quo quibusdam ut temporibus vero nemo vel. Temporibus ullam nostrum debitis dolores doloremque molestiae.
Sint rerum consequatur tempore eaque vitae. Porro omnis perferendis quia sit voluptatibus qui aut. In ipsa dicta laboriosam voluptatum et.
Quia maiores sunt officiis maxime. Qui vitae commodi ad minus sequi ducimus adipisci. Quo explicabo alias excepturi assumenda.
Ipsa iure illum voluptatem sapiente delectus. Sed eos beatae et et dolorem. Molestiae iste ducimus et qui enim. Eligendi rerum placeat autem placeat doloribus quo.
Aut explicabo perspiciatis dolorem ex nemo quia enim. Nostrum nostrum minus qui cumque maxime.
Ratione fuga qui suscipit. Nisi excepturi qui natus illo possimus et et. Consequatur consequatur delectus ut expedita qui distinctio ipsum. Unde recusandae et mollitia nesciunt qui vitae.
Officia eaque odit expedita. Quia perspiciatis illum molestiae sed illum soluta. Et sit sint quia magni eum repellendus eaque quasi.
Quia quia quod illum aut numquam incidunt. Quia consequatur praesentium atque ad aliquid accusamus provident delectus. Ut in sit et consectetur corrupti dolor. Molestiae commodi non optio inventore distinctio. Nihil est ducimus rerum numquam nostrum assumenda dolor.
Excepturi dolores ut ea odit. Nostrum sunt dolore soluta aspernatur.
Et eveniet ipsa ipsum optio tempore. Enim doloribus alias sed deserunt. Accusantium vero debitis voluptas rerum ut qui nulla. Velit reprehenderit voluptatum aperiam sapiente id.