Please rank following schools for a prospective I-Banker

College Search & Lists
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<p>Absolutely. Anyone who doesn’t realize or recognize CS as a premier global investment bank should really refrain from offering any insights on investment banking. Period.</p>

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<p>collegebound9696,</p>

<p>Blackstone is a buy-side firm, but it does have an M&A advisory operation; however, it is certainly not what it is known for, and this segment of its business did very poorly this year. Its bread and butter is private equity. </p>

<p>Where you mess up is putting Blackstone above CS, which while some argue has lost some ground in recent years, is still very much a player and top-tier firm with good deal flow.</p>

<p>If you want to talk about non-BB firms that are strong in this area think Lazard, Evercore, and Greenhill, not Blackstone</p>

143

<p>the_prestige,
Imagine one of Wall Street’s titans, Joe Perella, going to a little Lehigh (on a merit scholarship no less) and then going on to a storied career. Granted, he entered a long time ago and the Street has become more brand conscious since his arrival several decades ago, but it’s not like a top student coming today coming from a Lehigh or Haverford College or some such lower brand college is going to have no shot at getting an investment banking position. </p>

<p>If the original question had been posed re MBA schools for a prospective student, I would agree with you and others that the circle is pretty tight. Harvard casts the longest shadow as you mention above and only a relative handful of MBA programs will position one for an associate position on Wall Street. I would guess that the tiering of the MBA programs would look something like this:</p>

<p>Tier 1: HBS. Stanford, U Penn (Wharton)</p>

<p>Tier 1A: U Chicago, Dartmouth (Tuck), Northwestern (Kellogg), Columbia, MIT (Sloan)</p>

<p>Tier 2: NYU (Stern), UC Berkeley (Haas), U Virginia (Darden), Cornell (Johnson), Duke (Fuqua), U Michigan (Ross), Yale</p>

<p>Tier 3: UCLA (Anderson), U North Carolina (Kenan Flagler), Georgetown (McDonough), USC (Marshall), Carnegie Mellon (Tepper), U Texas (McCombs), Emory (Goizueta)</p>

<p>Undoubtedly, people will disagree about the order within some of these tiers, but I doubt that there is much disagreement about the MBA programs themselves and I would guess that most folks would come up with a very similar Top 20. And IMO, coming from a program outside of this group lengthen the odds of getting that prized spot on Wall Street. IMO those odds would be considerably longer than those coming a non-Top 20 recruited undergraduate program in looking for an entry-level analyst position. </p>

<p>So, my suggestion to students looking at various colleges, focus on fit issues in the selection of a college. Go to the college where you think you will learn, be happy, grow personally, get a good education, have a great experience. Don’t feel goaded into the mindset that you absolutely must go to ABC prestigious college if you want to have a successful career (possibly Wall Street, possibly not). Then work 3-5 years (whether on Wall Street or not) and then apply back to one of the above named MBA programs. Get your MBA and come out to Wall Street, whether with the traditional investment/commercial banking firms or one of the newer powers in the PE and/or hedge fund worlds (where the circle is probably half or less of the above list for the NYC/Greenwich firms).</p>

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<p>Hawkette, </p>

<p>So, if you want to work on Wall Street, it’s better to go to Chicago-GSB or Dartmouth-Tuck than Berkeley-Haas, Michigan-Ross or Yale? I don’t think that should be the case. </p>

<p>Chicago/Tuck grads maybe be more visible than those Haas/Ross/Yale grads on Wall Street but that does not mean that Chicago/Tuck are better schools than Haas/Ross/Yale for Wall Street jobs or that they’re given preferential treatments at Wall Street corps simply because of the name of the school they carry. Not sure with Ross and Yale, but I guess a Haas MBA grad will have an equal treatment on Wall Street as those MBA grads coming out from Chicago/Tuck and the like. </p>

<p>You probably based your reason on the QUANTITY of Chicago/Tuck grads that are now on Wall Street than a carefully studied rationale of one’s marketability on Wall Street. Given Haas alumni’s few number that would explain how you’d came up with your ranking. </p>

<p>But as far as I’m concern, many students are attracted to Berkeley-Haas because of its niches (innovation and entrepreneurship) and location (West Coast) aside from its esteemed prestige. I would recon that many (or the majority of) Haas grads would rather stay in California if there are offers there than head to the East. But should a Haas grad wishes to work on Wall Street, I don’t think he’s at a disadvantage because of the brand name of his school, or he’s given less preferential than a Chicago/Tuck grad on Wall Street for whatever reason you may have.</p>

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<p>Based on your tiering, is the gap between Chicago and NYU bigger than the gap between Wharton and Chicago?</p>

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<p>powergrid1990,
You’re probably right as a very strong case can be made for Haas alongside Tuck et al. The tiering that I did is not entirely based on quantity as some of the MBA programs are quite small and thus their Wall Street student numbers aren’t huge, but I think you are correct in portraying my tiers as heavily influenced by the quantity of students in NYC and how this works to the detriment of the California schools generally and Haas in particular. In reality, I agree that the differences among these top schools and their brand prestige on Wall Street (particularly after HBS, SBS, and Wharton) is infinitesimal and reasonable and informed people will reach different conclusions on which goes in which tier.</p>

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<p>Pretty Solid list, hawkette</p>

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<p>FYI, Blackstone’s PE division recruits on the undergrad level as well.</p>

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<p>agree with majayiduke09, very solid list… watch for Yale SOM over the next few years, they’ve made great strides and I expect them to bump up to the next level soon.</p>

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<p>JHU isn’t repping hard on Wall Street, at least not at the SA/1st year FA level. </p>

<p>Yale doesn’t either, I don’t actually expect more Yalie’s to go to Wall Street in the near future…something about the school culture attracts people less inclined towards IB. Same with Brown and JHU. The opposite is true of Dartmouth/Duke/Penn/Columbia, where a lot of people are interested in Ibanking and this is reflected in placement.</p>

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<p>If we are still talking about Yale SOM (and not Yale undergrad), then it sure seems to me that a lot of Yale MBA’s go to investment banking or financial services. A whopping 46% of Yale MBA’s enter financial services with 24% entering investment banking specifically. That’s basically the same as finance powerhouse Wharton (44.2% and 26% respectively).</p>

<p><a href=“http://mba.yale.edu/careers/employment/pdf/careerreport.pdf[/url]”>http://mba.yale.edu/careers/employment/pdf/careerreport.pdf&lt;/a&gt;
<a href=“http://mbacareers.wharton.upenn.edu/report/cr06.pdf[/url]”>http://mbacareers.wharton.upenn.edu/report/cr06.pdf&lt;/a&gt;&lt;/p&gt;

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<p>I guess it all depends on your definition of “rep”.</p>

<p>While as an overall percentage the numbers at say, Yale or Brown, may be slightly below those of Penn/Columbia/Dartmouth, I wouldn’t necessarily say that Yale or Brown’s “rep” is any less sterling as a result of that.</p>

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<p>there is not a single ranking or statistic that i am aware of that would justify putting Wharton ahead of either Chicago or Northwestern for MBA.</p>

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<p>oh, by the way, the prestige, the list of core schools of each top consulting firm? here you go:</p>

<p>McKinsey:
Harvard
Yale
Princeton
Penn
MIT
Stanford
Michigan</p>

<p>BCG:
Harvard
Yale
Princeton
Penn
MIT
Stanford
Michigan
Columbia
Northwestern
Chicago
UVA
Dartmouth</p>

<p>Bain:
Amherst
Brown
Columbia
Dartmouth
Duke
Emory
Harvard
MIT
Northwestern
Pomona
Princeton
Rice
Stanford
Cal
UCLA
Illinois
Michigan
UNC
Notre Dame
Penn
Texas
UVA
Williams
Yale</p>

<p>Monitor:
Amherst
Cal
BYU
Dartmouth
Georgetown
Harvard
Northwestern
Stanford
Penn
Williams
Yale</p>

<p>Mercer:
Darmouth
Duke
Harvard
Northwestern
Princeton
SMU
Stanford
Penn
Yale</p>

<p>[Undergraduate</a> Recruiting at Vault’s Top Six Consulting Firms: Vault Management and Strategy Consulting Career Information](<a href=“http://www.vault.com/nr/newsmain.jsp?nr_page=3&ch_id=252&article_id=14364421&cat_id=1223]Undergraduate”>http://www.vault.com/nr/newsmain.jsp?nr_page=3&ch_id=252&article_id=14364421&cat_id=1223)</p>

<p>Brown? on 1/5 lists. Michigan? on 3/5 lists. Northwestern? on 4/5 lists (equal to Princeton and Dartmouth, regardless of what people here like to imagine). The ivy league, to reiterate, is not created equal, and top midwestern schools do better in financial fields than many of them.</p>

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<p>elsijfdl,</p>

<p>Nice try.</p>

<p>1) Those aren’t from the official sites. Why use Vault.com? What’s the matter? Can’t get the information from the official corporate websites? If you can prove your list with links from the official sites – DO IT. Then we can talk.</p>

<p>2) I have. I’ve already proved that Bain and BCG recruit directly at Brown which blows that entire list out of the water. See my previous post. Both firms recruit directly at Brown. Both firms interview AT Brown. See, I used direct links from both of those firms.
<a href=“http://talk.collegeconfidential.com/5101822-post68.html[/url]”>http://talk.collegeconfidential.com/5101822-post68.html&lt;/a&gt;&lt;/p&gt;

<p>**3) Lastly, talk about stale, stale, stale information:<a href=“this%20is%20from%20that%20old%20link%20you%20provided”>/b</a>:</p>

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<p>This is from 2002!!! That’s almost 6 years old now!!!</p>

<p>You have proved nothing except an incredible ability to cut and paste useless and stale information. Its the same old, stale information that numerous people on this site have already proved to be old and now completely erroneous and irrelevant.</p>

<p>Congratulations.</p>

<p>Here’s a hint: try using a single source outside that stale Vault.com list. That’s all you have to back up your completely useless list… re-posting, re-hashing, re-copying that same old, stale information 100 times ain’t gonna make it correct.</p>

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<p>it seems that there are plenty of things you are not aware of. there are quite a few rankings that place Wharton on top of Chicago or Northwestern (hint: its not on Vault.com circa 2002):</p>

<p>USNEWS:
[USNews.com:</a> America’s Best Graduate Schools 2008: Top Business Schools](<a href=“http://grad-schools.usnews.rankingsandreviews.com/usnews/edu/grad/rankings/mba/brief/mbarank_brief.php]USNews.com:”>http://grad-schools.usnews.rankingsandreviews.com/usnews/edu/grad/rankings/mba/brief/mbarank_brief.php) </p>

<p>Financial Times:
[FT.com</a> / Business Education / Global MBA rankings](<a href=“http://rankings.ft.com/global-mba-rankings]FT.com”>http://rankings.ft.com/global-mba-rankings)</p>

<p>Forbes:
[Best</a> Business Schools - Forbes.com](<a href=“Forbes List Directory”>Forbes List Directory)</p>

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<p>haha, you’re right, the vault is probably lying, and instead we should believe your erudite opinion on where each consulting firm recruits most.</p>

<p>that bain link… brown has on-campus interviews. if you bothered to read the information you post (so who is really the copy-and-paste champion?) you would realize that georgia tech, texas a&m, indiana, bc, davidson, and wake forest all have similar events, are they all top tier too?</p>

<p>And in the case of BCG, all that suggests is that it has picked up brown in the time since the vault article was written, which then puts brown at being recruited 2/5 top consulting firms. so should we call it fourth tier instead? the injustice has been corrected.</p>

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<p>and PS i am in slight awe of your shrewdness, trying to link to a global mba ranking to sustain an argument. you are aware that ranking judges schools most heavily by international presence? </p>

<p>…i know that international presence is what most aspiring yuppies and corporate recruiters alike both look for in an elite business school.</p>

<p>and of course you would like to cite the USNews ranking, because it’s based mostly on what people ‘think.’ that is how you like to go through life, right? trying to trick people into taking seriously what you ‘think?’</p>

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<p>Again, try posting current links from official company websites instead of 6 year old links from Vault.com.</p>

<p>my mouse got moldy from clicking on that stale link.</p>

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<p>its not shrewdness that awes you. its called opposable thumbs and the ability to use Google.</p>