ckmets13

and those schools were?

toneranger

Bulge Bracket Bank : IB jobs
Top Feeders Graduate Business: Wharton, Harvard, Stanford, Columbia, MIT - all other Ivies with B Schools
UG: (Generally, you work for two years and then get an MBA) All Ivies (especially HYP) Stanford, MIT.
In general, at that time (5-7 years ago), recruiters did NOT look at good state schools like UVA or UNC - or even UM. NYU didn't make the cut either.
In my experience, in this line of business, it's all about the school name. May have eased up a bit - but brand names still dominate. It's not fair - it just is what it is.

gellino

About a decade back, here are the schools that the BB investment bank I worked at recruited for its analyst class:

Harvard
Yale
Princeton
Dartmouth
Brown
Columbia
Cornell
Penn (every one of them was from Wharton though)
Stanford
Duke
Georgetown
Notre Dame
BC
Williams
Amherst
Bowdoin
Colgate
Hamilton
Haverford
Wellesley
UVA
Cal/Berkeley
UTexas
Howard
Spelman

I have no idea how this may have changed since.

Pyar

Where does Bentley and other business schools like Babson fit on this list? Do they get a lot of recruitment on Wall Street too?

Fratastic

To everyone on this thread, read the book "Liar's Poker"

Pat2323

How is the University of Pittsburgh not mentioned here? The Wall Street Journal itself has ranked the Katz school in the top 30 in the world and top 10 among public schools.

nyjeff06

I've read most of the posts and this thread and although it is very helpful I am having trouble figuring out how the school I have chosen for next year, Northwestern, fairs on Wall street. I know that many of the kids chose to take jobs in parts of the country other than NYC because of the location, but how do those kids who wanted to work in the east do?

Sheed30

Well, it's not like Private companies rely on public rankings to recruit. They recruit where they want and now where it says they should on rankings. That guy was just giving you the schools his company recruited from. He isn't going to change the list just because of a ranking.

Pat2323

I meant in this thread, not that particular list.

suze

What nobody has mentioned is that the schools that are recruited are not necessarily the top. They are schools with a long history of sending grads to Wall Street. Their alum are the people doing the hiring and they are very loyal. So schools like Duke were recruited before it was a top school because it's where the wealth in the South went (and UVA, also recruited). And UMich is where a lot of the MW wealth went so it's always been recruited although it's really not that hard to get into.

And as so many people who went to Wall Street had dads there 25 years ago, what the schools that get recruited have in common is rich kids.

Very few public colleges (Mich and UVA are the exceptions) are well represented on the Street. Some private colleges that aren't the very top (Colgate) are better represented then some ivies (non Wharton Penn, Cornell).

No one said it made sense, it's just like anywhere else, these people hire people they identify with. Those are likely to be people they've known since prep school. Some high school's (Exeter, St.Paul's, Andover) are well represented on WS. They went to ivies and a handful of others. They've travelled and been exposed to global thought (euro trash friends). They are frat brothers, there are frats that are well represented on WS and run into each other at the Yale club (which is also the Dartmouth and UVA clubs) where they lunch. They have friends in common. They will live in Greenwich by the time they're 30.

WS is just a continuation of the elite prep school/ivy/top MBA crowd with of a few, very few, steps towards getting more diverse. They are almost all athletes.

Sam Lee

He said the same thing about Northwestern too while claiming he saw more from Colgate. So, he met more from his alma mater than ones from Michigan which not only has one of the best undergrad business programs but as a whole is almost 10x bigger! I wonder why then, he's been pretty much the only person on CC that claimed Colgate is a target. He said the same thing about his MBA class too but Colgate isn't even in the top-50 in wsj feeder school ranking while NU and Michigan both are! I think we should take what he said here with a ton of salt.

jrpar

I'll back up gellino - Colgate is a target school for my IB employer. Keep in mind that target schools are selected by IB's based on recent experience in hiring AND because there are senior management alumni. Alumni are very important in IB recruiting.

the_prestige

Totally wrong. Some athletes are represented of course. But "almost all"? How do you define "all". I define "all" as "100%" therefore "almost all" would mean anywhere near 90-100%. It's no where near that number.

Sam Lee

jrpar,

I am not saying Colgate isn't a target for some of the firms. But gellion was pretty much that only one that said it's more of a target than Michigan and Northwestern. This applies to his MBA class too when WSJ ranking doesn't even have Colgate on its list but it has NU (21st) and Michigan (30th). WSJ ranking isn't even based on absolute number, it's already normalized by school size. Michigan is about 9 times larger and Northwestern is about 3x larger. That means if he's in one of the 5 MBAs in the WSJ survey, the expected number of NU/Michigan grads in his classes is at least 3x or 9x more, respectively, let alone being less. That's how far off his claim was. http://www.classroomedition.com/pdfs...ege_092503.pdf

dke

How about Dad's connections for a Wall Street job? Don't forget it because the kids I know got their IB jobs that way. (and they were all East Coasters)