<p>Right, all those IB associates,VPs, MDs, all came from undergrad schools. None of them have MBAs. </p>
<p>From Wharton’s website</p>
<pre><code> Number % Accepted
</code></pre>
<p>Financial Services 306 47.7%
Diversified Financial Services 29 4.5%
Hedge Funds/Other Investments 22 3.4%
Investment Banking/Brokerage 164 25.5%
Investment Management 46 7.2%
Private Equity/Buyouts/Other 39 6.1%
Venture Capital 6 0.9%</p>
<p>Look at the percentages of 2008 grads went into IB vs. HF, PE , VC’s.</p>