<p>I cannot speak for Michigan or Northwestern as I do not attend either univeristy, but there are almost no banks that recruit for MO or BO at IU (Citadel and BAML are the only ones with OCR that I am aware of). Don’t get me wrong, there are crappy sales and financial advisor jobs that a lot of lesser qualified students get. However, there is still no BO or MO recruiting.</p>
<p>In terms of upper tier students, the Investment Banking Workshop has 100% placement in investment banking and capital markets (no other school including Michigan and Northwestern can boast that). Likewise, the Investment Management Workshop and Consulting Workshop have great placement as well. Other students in the Honors Program usually end up with a very respected firm in their desired industry, be it big 4, marketing, supply chain management, etc. </p>
<p>However, at the end of the day I am willing to bet 10 times more students get into front office than middle or back office simply because every investment bank from the best bulge bracket to many small middle market and boutique shops recruit here for IBD whereas there is almost no recruiting from banks for MO or BO.</p>