Why does IB recruit from top schools?

Intern in Other

Especially since IB doesn't require especially mentally tough work? The only explanation that I can think of is that top students have a good track record of hard work.

Comments (15)

Jun 30, 2020

It's an easy filter. Why bother with kids going to a shitty school who likely don't have a track record of putting in enough effort, or aren't smart enough, when you can have your pick of students from Harvard?

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Jun 30, 2020

Probably because they think that Ivey leagues only accepted the best candidates. Also knowing how hard it is to get into those schools may think they're getting hard workers.

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  • Associate 1 in IB - Ind
Jun 30, 2020

allows them to focus more on personality and fit since everyone has the academic horse power

Jun 30, 2020

Taking a cynical approach (not judging the merits of the situation) ... if you have 10,000 applications for 100 spots then picking from top schools is an easy way to filter CVs , gurantee baseline competence, and rightly or wrongly mitigate risk (HR faces less sh** if a Harvard grad is a dud vs ASU grad).

No one argues that the job requires a great deal of intellect, but if there are 1k apps for every seat, then its hard to argue that HR should value all universities equally. And after a while, the same ~20/~5 schools (US/UK) will be most represented and alumni will refer/help current students.

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Jun 30, 2020

I mean also if you look at true non targets there is maybe 1 or 2 qualified candidates a year for banking. When I say qualified I mean like actually have put in the work to learn about the markets and network. I have seen these people make it, but they truly are the one person who could of gone to a top school, but just didn't have the resources(money) to go to a top school.

  • Prospect in IB - Gen
Jun 30, 2020

JP Morgan is trying to move away from this.

  • Prospect in IB - Gen
Jun 30, 2020

Schools basically pre-screen kids, so if they're at a top school they're at least smart enough to handle IB, can work hard (either academically or good enough at athletics), or have immense connections/network/affluence that could be useful to the bank.

  • Intern in CorpFin
Jun 30, 2020

This "target school" stuff is absolute shit. Fuck this elitist bullshit, there are so many students at state schools who work their ass off and deserve to be in top roles but can't get a "secret" message from HR about a secret link to an application before it goes out to the general public. It's absolute horseshit and all these banks and companies act like they're trying to become more diverse and be more accepting of all when they still follow this dumbass "target/non-target" garbage. They put up a persona of being "all-inclusive" when in reality they're just hiring the same well off ivy league or private school kids. Give everyone a fair chance and stop targeting some schools and leaving others out.

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  • Prospect in IB - Gen
Jun 30, 2020

At the end of the day, being at a target MEANS a kid can either work really hard or is super well connected/affluent -- both valuable in finance, frankly. There's a "floor" of how bad a target student can be in terms of intelligence whereas you take 50 guys from Arizona State... well, there's gonna be some not-so-smarties. Hard workers & the affluent both bring value to a bank, and they know they're getting that at a target, so why not just let the Ivies/etcs. do the work for them and basically pre-screen candidates?

Jul 1, 2020

First, I wouldn't say there's "so many" students at state schools that work their ass off to get too finance roles. There's a few per school each year.

Non-targets are at a disadvantage not only bc of prestige, but also because of a lack of finance programs and awareness. There's no point for banks to "be inclusive" and screen 100s if not 1000s of more resumes when the majority of those students aren't qualified or haven't put in the amount of studying/networking necessary to break in.

There's much more demand for these positions than supply, so why not pick from the group that's most likely to be successful?

If you're from a non-target, like I was, network your ass off and study and you can break in. Sure, target kids might've had it easier when it comes to landing interviews, but life isn't fair. Instead of focusing on what you can't control, such as the resumes that banks choose to look at, start focusing on the things that you can control.

  • Intern in IB-M&A
Jul 1, 2020

Seriously wtf do you expect, life isn't fair and no firm in any industry is going to reject a Harvard grad in favour of a OSU ( good school, no hate) grad because they need brownie points. I go to a non target but I don't have this massive anti target school chip on my shoulder that screams insecure, man the fuck up and stop complaining.

  • Intern in CorpFin
Jul 1, 2020

I think its worth noting that almost every large State school has a competitive IB workshop/training program to get kids into IB. These programs are built to produce students to go into IB/PE and connect you with any alumni who are already in the field. Yes, you will need to be top 5% in your business school but if you are really "working your ass off" and are determined to be in IB you will find a way into these programs and network with alumni. I agree its 100% harder but your making it sound impossible, which isn't true.

Jul 1, 2020

What do you mean by "secret" message? Any examples?

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  • Analyst 1 in IB - Gen
Jul 1, 2020

Life isn't fair and students at lower-ranked schools can definitely be better than target students, but all else equal, the baseline IQ and work ethic of a HYP graduate will be better than those of state schools (since they got better high school/exam grades). Banks simply cannot interview 200 people for every seat available so they have to pre-screen somehow. Some hard workers from low-ranked schools definitely pull it off (with a lot more efforts, networking, internships and extracurriculars than the HYP folks), and definitely deserve respect for it. The others will have to find another vocation

  • Incoming Analyst in IB - Gen
Jul 1, 2020
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