<p>I am talking about undergraduate, yes. If I had to guess, I would think they do more recruiting from undergrad. </p>
<p>To your second point, getting into a top MBA program out of undergraduate with no work experience is EXTREMELY difficult. There are exceptions, but in general it will not happen even if you have stellar credentials. If you are going to one of these schools undergrad, you will have opportunities to go into banking straight out of college… why not do it then? Furthermore, if you want to get an MBA after working in banking for a few years you will have a much easier time.</p>