What are the top schools for undergrad recruiting? - Business, Finances and Investing Forum

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What are the top schools for undergrad recruiting?

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11-27-2007 , 07:57 PM

BDaws

old hand

Join Date: Aug 2005 Posts: 1,930

Fellow 2+2ers,

What are the top 10 schools for undergraduate recruiting for placement in i-banking, consulting, hedge funds, PE, etc.?

I was recently in an argument and wondered what you guys think here at 2p2.

Thanks. My bad, ahnuld, if this is inappropriate for the forum. I guess move to Student Life?

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11-27-2007 , 08:13 PM

vetiver

Carpal \'Tunnel

Join Date: Jul 2007 Posts: 7,757

Ivy League?

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11-27-2007 , 08:13 PM

chisness

Pooh-Bah

Join Date: Apr 2005 Posts: 4,683

Probably very similar to top 10 schools as ranked by usnews.

Exceptions are probably school like CalTech students would do more quant jobs and school like NYU gets recruited well cause it's in NY.

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11-27-2007 , 08:58 PM

ImBetterAtGolf

grinder

Join Date: Aug 2006 Posts: 519

For finance, Harvard, Penn, MIT, Columbia, U. of Chicago. Those 5 would be in the top 10. Eastern schools have an edge because of proximity to NY.

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11-28-2007 , 12:34 AM

jws43yale

veteran

Join Date: Feb 2006 Posts: 3,193

Penn (Wharton) and Harvard are considered slightly better than Yale and Stanford for finance jobs, but I know for many recruiters those are the top four. There are also some hedge funds e.g. Bridgewater that only do Harvard, Yale, and Princeton. Some elite boutiques e.g Evercore only want those with undergrad finance degree, so it is Wharton and maybe some others.

Overall, Wharton, Harvard, Yale, Princeton and Columbia are all good for Ivies. Non-ivy it is (no particular order) Stanford, UChicago, MIT UVA Business, UT Business, and NYU.

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11-28-2007 , 02:23 AM

hoyasaxa

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Join Date: Feb 2007 Posts: 2,273

dont forget Georgetown! Merrill hires 190987343 hoyas every year. The top employer of Georgetown SFS students is Goldman sachs, followed by jpmorgan, followed by the us government

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11-28-2007 , 01:52 PM

midas

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Join Date: Aug 2003 Posts: 3,514

For I Banking you need to include the undergrad business schools of Boston College, Notre Dame and Northwestern.

In the last 10 yrs I-Banks have begun to value undergrad biz schools grads as a better alternative to IVY league students who need to be completely trained.

Also, your school doesn't mean much if your GPA is below 3.3 It's usually the cut off to weed out the massive amounts of resumes received every year.

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11-28-2007 , 02:07 PM

chisness

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Join Date: Apr 2005 Posts: 4,683

Northwestern doesn't have an undergrad business school

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11-28-2007 , 02:42 PM

mak15

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Join Date: Jan 2006 Posts: 2,214

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Also, your school doesn't mean much if your GPA is below 3.3 It's usually the cut off to weed out the massive amounts of resumes received every year.

Fortunately (for me) this isn't true. it sure doesn't help though and does depend on what you want to do.

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11-28-2007 , 02:54 PM

#10

ImBetterAtGolf

grinder

Join Date: Aug 2006 Posts: 519

The OP wrote that he was just getting opinions on an argument, so the thread has wandered a bit, but i don't think anyone in school should have the impression that investment banks don't care about grades, especially low grades. They do. School matters, too. Maybe more than it should, but it matters a lot.

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11-28-2007 , 03:22 PM

#11

canis582

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Join Date: Jan 2005 Posts: 4,447

I got into investment banking (R&A for M&A) with a 2.05 from case western reserve u.

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11-28-2007 , 03:46 PM

#12

mak15

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Join Date: Jan 2006 Posts: 2,214

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i don't think anyone in school should have the impression that investment banks don't care about grades

of course. investment banks care a lot about grades, as do all employers, and from experience (both my own and friends') they along with consulting jobs care more about grades than do hedge fund, private equity, and trading shops.

All I was saying is that I know for a fact that you can have a GPA below 3.3 at Wharton and still get plenty of interviews and offers for many top finance jobs, although obviously it may be near impossible to get an M+A job for Goldman or a consulting position with McKinsey without connections, some serendipitous event, or some other extraordinary experience or siutation.

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11-28-2007 , 03:52 PM

#13

fightingcoward

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Join Date: Jan 2007 Posts: 2,185

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I got into investment banking (R&A for M&A) with a 2.05 from case western reserve u.

Care to explain how??

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11-28-2007 , 03:55 PM

#14

canis582

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Join Date: Jan 2005 Posts: 4,447

I had about the best interview coach possible. Plus it was for a firm based out of a third class city like Allentown or Akron.

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11-29-2007 , 11:13 AM

#15

midas

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Join Date: Aug 2003 Posts: 3,514

My mistake - i thought Kellog was undergrad as well. At one time they did have a shortened MBA route if you previously graduated from biz school.

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11-29-2007 , 12:24 PM

#16

DLKeeper1

grinder

Join Date: Jan 2007 Posts: 692

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My mistake - i thought Kellog was undergrad as well. At one time they did have a shortened MBA route if you previously graduated from biz school.

Northwestern sort of has a business undergrad program as of last year, but it's not a separate school.

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11-29-2007 , 01:48 PM

#17

mindflayer

old hand

Join Date: Feb 2005 Posts: 1,988

Ivy league
Brown,Columbia,Cornell,Dartmouth,Harvard,Prinston, Penn,Yale

I had a friend who went to Brown and said that it was a good school if you wanted to get recruited to the FBI or CIA...

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11-29-2007 , 03:15 PM

#18

APXG

grinder

Join Date: Dec 2006 Posts: 669

Quote:

Also, your school doesn't mean much if your GPA is below 3.3 It's usually the cut off to weed out the massive amounts of resumes received every year.

Fortunately (for me) this isn't true. it sure doesn't help though and does depend on what you want to do.

it's useful to consider who spearheads the hiring at the different shops. i-banks its mostly people who got there through cookie cutter college programs with high gpa's, hedge funds are probably the opposite in terms of founders. traders are never going to have high gpa's b.c. none of that is taught in college, and they realize it. and its not like they get thousands of resumes from undergrads that they can only meet for interview with the top few %.

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11-30-2007 , 03:03 PM

#19

Sdrive

journeyman

Join Date: Mar 2007 Posts: 307

Quote:

Also, your school doesn't mean much if your GPA is below 3.3 It's usually the cut off to weed out the massive amounts of resumes received every year.

Fortunately (for me) this isn't true. it sure doesn't help though and does depend on what you want to do.

traders are never going to have high gpa's b.c. none of that is taught in college, and they realize it. and its not like they get thousands of resumes from undergrads that they can only meet for interview with the top few %.

so traders don't have to have high gpa's? Im currently 2nd year, in philly looking to be a trader in nyc upon graduation. Should i try getting into the trading side of a bulge bracket firm, or try getting into a smaller but a firm more focused on trading?
so if they dont need high gpas, what are they looking for, other than very high quantitative skills.

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11-30-2007 , 05:42 PM

#20

mak15

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Join Date: Jan 2006 Posts: 2,214

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the most important thing you can do to increase your chances of getting a job two years from now is get good grades. what school do you go to?

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11-30-2007 , 09:34 PM

#21

Hebel

old hand

Join Date: Oct 2007 Posts: 1,506

I go to Georgetown, and my sales and trading interview start next week. Every major bank is down here all the time actively recruiting. My grades arent that good (3.45) but i do have sales experience and solid leadership skills. We'll see if anyone gives me an internship

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11-30-2007 , 10:51 PM

#22

Moseley

grinder

Join Date: Jun 2007 Posts: 636

I met a college grad from Princeton at the poker table in Atlantic City last year. He was going to Georgetown for his law degree.
He told me spending the extra money to go an ivy league school is a waste of money.

He claimed he breezed through the 4 years with an A avg., but then he got in there on a scholarship, so he was one of those who retains well.

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12-01-2007 , 01:43 AM

#23

technologic

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Join Date: Nov 2003 Posts: 5,049

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i don't think ivy schools have merit based scholarships

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12-01-2007 , 02:27 AM

#24

jws43yale

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Join Date: Feb 2006 Posts: 3,193

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i don't think ivy schools have merit based scholarships

Is Ivy League "education" worth the money, no. But the network and respect that the 'Y' on my degree will get me sure as hell is.

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12-01-2007 , 01:38 PM

#25

JooWish622

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Join Date: Jun 2005 Posts: 2,128

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hah.

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