<p>I am not surprised ennisthemenace. There just isn’t that much interest in IBanking outside of the East Coast. At Penn, you probably have over 700 graduating seniors seeking jobs in Finance. I am not sure about Duke, but my friends who went there seemed to think that a large chunk of their classmates who were not premed or prelaw were gunning for IBanking jobs. At Michigan, Northwestern and Chicago, very few students are actually interested in jobs in Finance. Outside of Ross, fewer than 5% of Michigan students (mostly in the CoE) would seek jobs in finance. At Chicago and NU, IBanking just isn’t .</p>
<p>I was more surprised by MIT to be honest. Brown and Yale were also relatively low, but like Cal, Chicago, Michigan, NU and Stanford, they are not known for attracting many IBanking types. </p>
<p>As for Chicago’s placement in graduate programs, one should consider two factors:</p>
<ol>
<li><p>Its size. Chicago has 5,000 undergraduate students (compared to Penn’s 10,000 and Duke’s 6,500). </p></li>
<li><p>Chicago has a larger than normal percentage of students interested in working in academe. At universities like Cal, Cornell, Dartmouth, Duke, Michigan, Northwestern and Penn, 6%-9% end up earning PhDs. At Chicago, it is a whopping 15%. </p></li>
</ol>
<p>Even then, Chicago places as many students (in an absolute sense) into good Law and Medical schools as its peers. </p>