Should I turn down Oxford for UChicago?

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<p>It wouldn’t surprise me if that were true, since all of those colleges have far more people from the New York area who want to return to the New York area than Chicago does. But how the heck can you make a flat-out assertion like that? Do you actually have data to support it? Do you know how many people at each college were looking for jobs on Wall Street?</p>

<p>I don’t think anyone has the data to rank colleges’ Wall St. appeal like that. Individual firms know how many people they have hired from particular colleges, and may have a sense (but are not likely to keep good records) of how many inquiries/resumes they get from particular colleges. College career offices come up with numbers that make them look good, but there’s no consistency to them or independent verification, and they don’t take into account supply, either. And no one aggregates data across all colleges and all firms, large and small, that constitute “Wall Street”. So absolutely no one can make the kinds of statements you are making with any degree of assurance.</p>

<p>Furthermore, there is something of a feedback loop that goes on here. I don’t know whether you have actually worked on Wall St.; I have. Parts of it (not all) are definitely an old boys’ club. If you are sufficiently plugged in, going to the University of Bridgeport is fine, but that doesn’t mean that a penniless, unconnected kid who goes to Bridgeport is going to get an investment banking job straight out of college. Lots of these colleges have fairly large numbers of applicants whose jobs have already been hardwired for them – especially places like UVa or Georgetown. That doesn’t mean that they are the best places to go if you want a career on Wall St. It just means that if you have a job waiting for you on Wall St., going there won’t make you lose it.</p>