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Northwestern

Superman123Superman123 Registered User Posts: 224 Junior Member
edited July 2007 in Business Major
How respected is a Northwestern undergraduate on Wall Street? Furthermore, do undergrads get a shot at consulting companies such as McKinsey?

In terms of recruiting, please give your opinions

Thanks
Post edited by Superman123 on
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Replies to: Northwestern

  • redhare317redhare317 Registered User Posts: 1,449 Senior Member
    Kellogg is a feeder into M/B/B (not as big on finance), but I don't know about its undergrad recruiting. Some say it's a target while others say it's a semi-target.
  • aquamarineeaquamarinee Registered User Posts: 3,028 Senior Member
    I heard it was more of a target.
  • werner5482werner5482 Registered User Posts: 122 Junior Member
    Undergraduate Recruiting at Vault's Top Six Consulting Firms (McKinsey & Company, Boston Consulting Group, Bain & Company, Booz Allen Hamilton, Monitor Group and Mercer Management Consulting) (from an article a few years back):

    Core schools (The term core schools refers to schools visited by firm recruiters, non-core schools refer to schools where the firm has no official on-campus recruiting presence):

    Harvard, Yale, Stanford and Penn are core schools for 5/6 of the top 6 consulting firms.

    Northwestern, Dartmouth and Princeton are core schools for 4/6 of the top 6 consulting firms (Northwestern and Dartmouth were 5/6 the year before in this particular article but year to year fluctuations of who is a “core school” dropped them to 4/6 the year of this article)

    No other school in the US was considered a core school for more than 3 of the top 6 consulting firms.

    Northwestern certainly is a target.
  • Niihla10Niihla10 Registered User Posts: 599 Member
    Depends what you're going in to. It's great for consulting. not as great for ibanking.
  • Superman123Superman123 Registered User Posts: 224 Junior Member
    bumpppppppppppppppp
  • ridewitbd24ridewitbd24 Registered User Posts: 623 Member
    Niihla10 wrote:
    not as great for ibanking.

    remember, this is in comparison to Wharton, HYP, and maybe MIT and Stanford. NU is great compared to almost any other school. just not the best of the best.
  • Superman123Superman123 Registered User Posts: 224 Junior Member
    so basically it still has GOOD i banking recruiting?
  • Sam LeeSam Lee Registered User Posts: 9,449 Senior Member
    NU may not be HYPMW in ibank recruiting. But it's still good nonetheless. It has two top-10 busines related programs in economics and management sciences (how can it be not good while having a top-10 econ?). It also has MMSS that has long been highly regarded by top firms. With the new Kellogg certificate program in which students take advanced financial economics cources, it's only going to get better.

    Below are couple examples of good signs:

    http://www.wcas.northwestern.edu/cfs/prospective/organizations.html
    NU has its own academic internship program called "Chicago Field Studies" and some of the companies that participate in it are GS, JP Morgan, Merill Lynch, Morgan Stanley, and UBS.

    http://www.mmss.northwestern.edu/current_students/Internship%20Directory.pdf shows that MMSS students had been pretty good at getting internships in top firms.
  • Niihla10Niihla10 Registered User Posts: 599 Member
    Yes, it's still good.
  • Sheed30Sheed30 Registered User Posts: 12,425 Senior Member
    Yea, NU is very good
  • funployeefunployee Registered User Posts: 795 Member
    Since I live by Northwestern, I plan on meeting with kellogg's career counselors to see if they would give any advice on good internships, jobs, or programs for high school kids interested in Business.
  • mahras2mahras2 Registered User Posts: 1,977 Senior Member
    remember, this is in comparison to Wharton, HYP, and maybe MIT and Stanford. NU is great compared to almost any other school. just not the best of the best.

    While NW is good, I would certainly add Stanford/MIT/ Mich/ Duke/ Columbia/ Dartmouth to the list of schools that do better.

    You can get pretty detailed stats here: http://www.northwestern.edu/careers/surveyoutcomes/salaries-by-jobfunction.html

    31 into banking (IBD+S&T and all firms) is definitely good but the aforementioned schools do better.
  • Sam LeeSam Lee Registered User Posts: 9,449 Senior Member
    mahras2,

    Those are # responses and most people didn't fill the survey (in fact, 80% didn't):

    The number of responses by job functions are:
    Arts 5
    Communication 42
    Consulting 67
    Education 64
    Engineering 46
    Entertainment 6
    Finance 53 (out of those, 31 IBD+S&T)
    Military 8
    Management/Operation/Legal & other services 39
    Science & Research 33
    Social Services & Public Policy 32

    TOTAL = 395, which is only 1/5 of a typical class of 2000.
    In summary:
    31 out of 395 respondents got into banking.
    Out of 53 respondents that worked in the finance sector, 31 got into IB/S&T.

    By the way, the new Kellogg program is going to enhance the recruiting, which already looks pretty good.
  • mahras2mahras2 Registered User Posts: 1,977 Senior Member
    Actually, the number of guys that got full time positions was 428 students. The number of students that were in full time employment by graduation was 696. Link: http://www.northwestern.edu/careers/surveyoutcomes/career-by-degree.html

    So the percentage who completed the survey wasn't that low (it was around 60%-70%). The numbers in the survey (the 31 figure for ibd+s&t) also includes MA/PhD kids so the undergrad figure is lower. You can also see that from the high range of the salary for the IBD category. Undergrads don't make 100K in base first year...MA/PhD kids do.

    As I said, NW is definitely good (and it has kellogg backing it) so nothing taken there. Just pointing out some figures to show where it stands.
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