<p>prestige, ru kidding, Credit Suisse is not considered a major player in the i-banking world. That is absolutely ludicrous. Goldman, Lehman, Morgan, Merrill, and JP are prob the top 5. If we include M/A, Blackstone can be mentioned too. Credit Suisse is in the same category as UBS, Deutsche Bank, and Citi.</p>
<p>wat about management consulting</p>
<p><a href=“http://talk.collegeconfidential.com/college-search-selection/235587-consulting-core-schools.html?highlight=consulting+core[/url]”>http://talk.collegeconfidential.com/college-search-selection/235587-consulting-core-schools.html?highlight=consulting+core</a></p>
<p>McKinsey (which is widely agreed to be the world’s premier management consulting firm) has a campus calendar. It lists a number of schools it goes to. However, if you click on the schools, you will notice that for many of them, McKinsey does not actively recruit (e.g. Brown and Chicago).</p>
<p>[Campus</a> calendars | McKinsey Careers](<a href=“http://www.mckinsey.com/careers/us_schools/campus_calendar.aspx]Campus”>http://www.mckinsey.com/careers/us_schools/campus_calendar.aspx)</p>
<p>collegebound, </p>
<p>You should probably stop before you embarrass yourself.</p>
<p>
</p>
<p>First, Blackstone is a private equity firm – it has absolutely NOTHING to do with investment banking. Blackstone Group buys companies – it doesn’t give M&A advice. If you don’t know the difference between an investment bank and a private equity firm, you should probably do some homework.</p>
<p>Next, Credit Suisse (formerly CSFB) is absolutely one of the major players in investment banking. Period. Its legacy firms (formerly First Boston Corp) effectively helped pioneer the M&A business in the 80s. That’s why Michael Lewis includes the incredible stat in his famous book “Liar’s Poker”:</p>
<p>
</p>
<p>Bruce Wasserstein and Joseph Perella, probably two of THE most famous M&A bankers of the 80s were both former bankers at First Boston who ended up starting their own shop, Wasserstein Perella & Co. Perella then left to head Morgan Stanley’s M&A division and now runs his own firm. Wasserstein is now head of Lazard. CSFB is also a major player in both equity and debt underwriting. For instance under Frank Quattrone, CSFB helped pioneer tech IPO underwriting during the tech boom and continues to be a major player in the tech space.</p>
<p>The fact that you say that CS is not a major player in the investment banking world saying that such an assertion is “ludicrous” demonstrates how little you actually know about investment banking.</p>
<p>It is amazing how misinformed people are about finance and investment banking in general.</p>
<p>I didn’t say that Blackstone was a major I-banking player. It does some M/A work, which is apart of i-banking in general. Look at any I-banking division and you will notice that M/A is a sector of that larger division. Morgan’s I-banking division is divided into industry groups/real estate/m and a. Maybe, you should do some hw!</p>
<p>I am sorry but I think that given the following choices, Credit Suisse would be closer to the bottom:
JPM, Goldman, Lehman, Merrill, Morgan Stanley, Citi, and Credit Suisse</p>
<p>
</p>
<p>Nice backpedaling. No. This is what you wrote:</p>
<p>
</p>
<p>Again, Blackstone is a private equity firm. You obviously don’t know the difference between a buyside firm and a sellside firm (investment banking). What is your background anyway? Have you ever worked in finance? Your lack of knowledge in this space is, frankly, disturbing.</p>
<p>
</p>
<p>Oh, now they are they are one of the top choices for investment banking?</p>
<p>What happened to:</p>
<p>
</p>
<p>Who is being ludicrous now?</p>
<p>In another thread, I listed 70 colleges (repeated below) that I believe have some level of representation on Wall Street. I believe that you will find students from all of these colleges in NYC on Wall Street (and probably there are many colleges that I have left out). For some colleges, that representation is both very deep and very broad across multiple areas of an investment bank. For others, the numbers are few and not broadly distributed among various departments within an investment bank. </p>
<p>I have opined elsewhere my view of these colleges and how Wall Street might view the intellectual strength of students from these colleges, but perhaps some on this thread might want to give their perspective on these colleges and their recruiting chances on Wall Street (corporate finance/M&A or otherwise, but not back office). </p>
<p>Amherst
Bates
Boston College
Bowdoin
Brandeis
Brown
Bryn Mawr
Bucknell
BYU
Caltech
Carnegie Mellon
Colby
Colgate
Columbia
Cornell
Dartmouth
Davidson
Duke
Emory
Fordham
George Washington
Georgetown
Georgia Tech
Hamilton
Harvard
Haverford
Indiana U
Johns Hopkins
Lafayette
Lehigh
Middlebury
MIT
Mount Holyoke
Northwestern
Notre Dame
NYU
Penn State
Princeton
Rice
Smith
Stanford
Swarthmore
Syracuse
Trinity
Tufts
Tulane
U Chicago
U Florida
U Georgia
U Michigan
U North Carolina
U Penn
U Richmond
U Rochester
U Texas
U Virginia
U Wisconsin
UC Berkeley
UCLA
USC
Vanderbilt
Vassar
W&L
W&M
Wake Forest
Wash U
Wellesley
Wesleyan
Williams
Yale
Yeshiva</p>
<p>hawkette, do you mind either posting the link to that thread or re-posting that tiered ranking that you posted in that thread, would be interesting to re-visit that ranking again.</p>
<p>thanks</p>
<p>
</p>
<p>That’s a pretty big list.</p>
<p>Here is the link to the earlier thread:</p>
<p><a href=“http://talk.collegeconfidential.com/college-search-selection/321333-nyc-wall-street-recruiting-cc-gives-too-narrow-picture.html[/url]”>http://talk.collegeconfidential.com/college-search-selection/321333-nyc-wall-street-recruiting-cc-gives-too-narrow-picture.html</a></p>
<p>I want to be clear that the earlier thread was not devoted to which schools are strongest in recruiting (I created a later thread that asked that question and that thread got surprisingly little attention). The thread above was set up as:</p>
<p>“When I refer to Wall Street, I am speaking of the whole picture-Investment Banking, Investment Management, Fixed Income, Equities, Alternative Investments, Prime Brokerage, etc. Way too much focus on CC is placed only on the I-banking slots at a handful of large brokerage firms. Wall Street is much, much more than this and there are many non-traditional firms now playing important roles, eg, private equity, hedge funds, etc, (however, many of these firms hire mostly laterally or from the top 20 MBA programs)….</p>
<p>“Having said that, there is something of a pecking order on Wall Street about how certain schools are viewed. This order is MOSTLY determined by the perceived intellectual quality of the student bodies at various schools. However, some schools will outperform their grouping, eg, due to alumni positioning around the Street who can pave the way (this is a powerful factor) or some will underperform, eg, due to their school’s graduates having relatively lower interest in working on the Street (Cal Tech, Johns Hopkins). </p>
<p>“So, for use by high schoolers looking to get a sense of how many schools appeal to Wall Street, I thought it might be helpful to create some general groups that reflect how Wall Street perceives the intellectual strength of students coming from various schools. </p>
<p>“The following is my opinion of how Wall Street views these undergraduate institutions as determined by the intellectual quality of the students. I’m sure others will have different views. Schools in each group are listed in alphabetic order.</p>
<p>The Premier Schools with the Premier Students: (The Top Ten)
Amherst, Cal Tech, U Chicago, Harvard, MIT, Princeton, Stanford, Swarthmore, Williams, Yale</p>
<p>The Next Tier of Schools with Excellent Students (Ranks 10-20)
Brown, Columbia, Dartmouth, Duke, Middlebury, Northwestern, Penn, Rice, WashU, Wellesley</p>
<p>The Next Tier of Schools with Generally Excellent Students (Ranks 21-30)
Bowdoin, Cornell, Davidson, Emory, Georgetown, Haverford, Johns Hopkins, Notre Dame, Tufts, Vanderbilt</p>
<p>The Next Tier of Schools with Some Excellent Students (Ranks 31-50)
Boston College, Brandeis, BYU, UC Berkeley, Carnegie Mellon, Colgate, UCLA, Lehigh, NYU, U Michigan, U North Carolina, U Rochester, USC, U Texas, Vassar, U Virginia, W&L, Wesleyan, Wake Forest, William & Mary</p>
<p>The Next Tier of Schools with a Number of Excellent Students (Ranks 41-60)
Bates, Bryn Mawr, Bucknell, Colby, U Florida, Fordham, George Washington, Georgia Tech, U Georgia, Hamilton, Indiana U, Lafayette, Mount Holyoke, Penn State, U Richmond, Smith, Syracuse, Trinity, Tulane, U Wisconsin, Yeshiva”</p>
<p>“Bruce Wasserstein and Joseph Perella, probably two of THE most famous M&A bankers of the 80s were both former bankers at First Boston who ended up starting their own shop, Wasserstein Perella & Co. Perella then left to head Morgan Stanley’s M&A division and now runs his own firm. Wasserstein is now head of Lazard.”</p>
<p>Tell me The_Prestige, where did good old Brucy earn his undergraduate degree?</p>
<p>Alex,</p>
<p>U of Michigan, undergrad
Harvard Business and Law School, grad school</p>
<p>not bad, huh?</p>
<p>
</p>
<p>You mean only Tier 3!</p>
<p>It might be more informative and a greater surprise about where Perella went to undergrad. Anybody want to guess which of those exalted “Core/Target” colleges he attended?</p>
<p>Joe Perella attended Lehigh (full ride)…</p>
<p>but the school that connects both Perella and Wasserstein is Harvard Business School.</p>
<p>btw, thanks for re-posting your list hawkette</p>
<p>prestige is exactly right. Credit Suisse is absolutely considered one of the first tier investment banks. If you would like to, you can match up the top firms by comparing salaries of first year analysts (all of them are in a similar range). Its hilarious someone doesn’t think they are top-tier. </p>
<p>Blackstone DOES recruit at the undergraduate level for M&A and asset management (at least it does at Duke, where I go) but its a PE firm. You can’t compare it to the rest of the BB firms because in a thread about i-banking recruitment, its undergrad analyst classes are much smaller. Again, the US News top 20 is a good a list of i-banking recruitment as any thread posted here. </p>
<p>Powergrid:</p>
<p>I think the reason people make distinctions between Wharton and Penn college so much is that Wharton is a name brand in itself. Berkeley’s engineering school as well as Haas is good for recruitment, same with Michigan and Ross.</p>
<p>I also hate to say this, but schools like Wash U, Vandy, Emory, and similar ones don’t place well on Wall Street; maybe in other cities. Again, this could be a function of them going to other IB centers such as Charlotte, LA, or Atlanta rather than NYC.</p>