Are you doomed if you don't attend an Ivy? How to get to BB's without?

Career Opportunities & Internships Investment Banking
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According to collegedata, avg SAT at Colby is higher than at NYU and acceptance rate at Colby is lower.

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<p>this is from colby's website Colby</a> College | Admissions & Financial Aid | Quick Facts</p>

<p>30.5 percent of applicants accepted
700/700/700 median SAT critical reading/math/writing </p>

<p>Stern's acceptance rate was 14% this year(24% for NYU as a whole) and it's average SAT score, according to businessweek is: Average 1441<br>
Median 1450 </p>

<p>But that aside, even if nyu may not place all that well for IBD, does the same apply to S&T? i heard NYU's math department is looked at very favorably for S&T recruitment</p>

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<p>i have seen people get good jobs at investment banks that have gone to all different types of schools</p>

<p>from gettysburg to william and mary to elon to uconn to brandeis</p>

<p>it DOESNT matter that much where you go to school!!</p>

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<p>^According to collegedata, NYU acceptence rate was 36%. I know NYU has become more popular, but a change from 36% to 24% in one year seems surprising.</p>

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it DOESNT matter that much where you go to school!!

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<p>This is definitely not true. It certainly is possible to get into IB from many different schools, but your chances are much more likely from some (Harvard, Princeton) with minimal effort compared to much more unlikely (Elon, UConn) with much more effort involved.</p>

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<p>I plan on going to Rutgers. For undergraduate, I know that it's difficult and I need a lot of experience, high GPA, networking, etc. But is it impossible to get into iBanking? I mean, I don't want to end up jobless after college. Should I not even think about iBanking (because Rutgers is my best option really) or it is difficult but doable?</p>

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<p>^ Go to Harvard for grad, and pray you find a pervert from your previous thread.</p>

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<p>You can be in a good position to get a back office job coming out of Rutgers. Just work hard and keep applying for positions. If you try hard enough, something might work out. Also, try to get a really marketable major like CS so you can try to be a programmer for a BB and see if you can work your way up from there.</p>

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<p>venkat, shut up and stop talking like you know anything. Programming at a BB? Do you even know what bankers do?</p>

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<p>^he wasn't talking about bankers. He was referring to back office positions such as IT. BB isn't the same as "bankers"</p>

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<p>it's easier to get a back office job at a BB right? what do 'back officers' do? how's their pay compared to front office jobs?</p>

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<p>Back office does mainly support functions... clearing trades, auditing, making sure PnL works, and other stuff just to help out with daily operations
Its still not a walk in the park to get a back office job- you still need to go to a good school and/or have connections. Its a nice job with great hours compared to banking with relatively high pay (~80k first year). I think the work is incredibly dull though, especially considering all the trading/revenue generating action around you</p>

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<p>To answer the original question, from what I've seen top BBs have a lot of people from MIT, LSE, Cambridge, Oxford, and NYU Stern, just to name a few of the non-ivies which are well-represented in this year's analyst classes.</p>

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<p>Go to Duke, :)</p>

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<p>Can you land on BB from a school like Georgia Tech? I am a GA resident and Tech seems the best means of education for me because I won't have to pay more than 10k for all 4 years of Undergrad. Or should I look towards bigger schools?</p>

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<p>Yeah but you better be one of the top students there, and I'll tell you right now Gtech has some damn smart kids- lots turn down MIT/Cal Tech/Duke every year for the cheap tuition.</p>

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<p>There's an awesome thread on WSO about this:
Current</a> Bankers from Non-Target Schools | WallStreetOasis.com</p>

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<p>What about coming from WashU..I know most kids in the B-School end up working in Chicago..but any tips for someone who wants to work in NYC?</p>

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<p>I think Wash U is a target school. My S knows a Wash U graduate who went into I Banking straight out of undergrad and by the time he was 28, was taking home about $4M. Now, he works in an investment management firm, making a quarter less, but lowered his stress level and improved his family life.</p>

<p>He didn't need a graduate degree either.</p>

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My S knows a Wash U graduate who went into I Banking straight out of undergrad and by the time he was 28, was taking home about $4M.

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And there are people who work at banks from Long Island State who are doing very well for themselves. That doesn't make WashU a target in the sense of banks coming to campus, conducting interviews on campus, and hiring several people from the school. WashU might be a target, I really don't know, but it's not as much of a target as its peers academically (Cornell, Brown, NYU, etc.).</p>

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venkat, shut up and stop talking like you know anything. Programming at a BB? Do you even know what bankers do?

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Banks have no use for programmers? Obviously bankers don't need to know how to program but that doesn't mean that Goldman doesn't have an IT department or a programming department. How well that leads you into banking, I really don't know. HOwever, if your only goal is to work for a BB (like the title of the thread says), that could be another route.</p>

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<p>WashU is a semi-target at best. Its not up there with the targets.</p>

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<p>What does it mean to say that a school is a semi-target? Seems like a school either does on campus recruiting or it doesn't.</p>