<p>Depends on the year. </p>
<p>Apparently, IU was behind only Wharton and Harvard in 2004, but behind only Stern in 2005. (Obviously, this means Stern passed IU, Wharton, and Harvard in 2005). I list all three here so as not to denegrate other good schools--or raise more arguments than already arise on this site.</p>
<p>If IU raised their admission standards, tweek there school a little more, I think they could become one of the elite public schools along the line of Berkeley, Mich and Chapel Hill, and UCLA.</p>
<p>"Untilted, check out Indiana's Investment Banking Seminar Group. They placed 56 people in I-banking last year out of a class of 450 finance majors. No other college except NYU, Wharton, and Harvard (forgot them, sorry)--placed more students with I-banking firms last year. I believe the Indiana University Finance Department even put out statistics on this earlier this year."</p>
<p>I went to Indiana U's Investment Banking Workshop website, under class of 2005, there were only 33 members listed. </p>
<p>let's assume your stats is correct:
UVa's McIntire School of Commerce alone sent more than 71 kids to various investment banks (not counting consulting firms here) out of less than 220 finance majors. and The college of arts and sciences at UVa also sent some kids (economics/english/math/psychology/history/government majors) in investment banks.........</p>
<p>so UVa placed more kids into ibanks overall/per capita than IU.</p>
<hr>
<p>according to <a href="http://bpo.indiana.edu/cgi-bin/ReportCenter/annual_reports/2004_2005.doc%5B/url%5D">http://bpo.indiana.edu/cgi-bin/ReportCenter/annual_reports/2004_2005.doc</a></p>
<p>Under "Alphabetical List of Top Companies (Kelley Students) 2004-2005 "</p>
<p>10 JP Morgan
6 bear stearns
5 goldman
4 UBS
2 deutsche bank
2 lehman
1 merril lynch
1 morgan stanley
1 citigroup
1 banc of american securities</p>
<p>33 investment bankers only.</p>
<hr>
<p>now let's do Michigan's Ross:</p>
<p>according to <a href="http://www.bus.umich.edu/pdf/EmploymentProfile2005.pdf%5B/url%5D">http://www.bus.umich.edu/pdf/EmploymentProfile2005.pdf</a></p>
<p>Ross alone sent more than 76 kids (the site only listed the the popular ones) into various investment banks last year out of a class that's a little bigger than McIntire's..........</p>
<hr>
<p>while IU kelley is a great business school, it's not THERE yet.</p>
<p>P.S. what do you know exactly how many harvard grads got ibanking offers? while i know they are at the top without a doubt, i don't think they release such information.</p>
<p>Untitled, the numbers Michigan quotes in their recent release is quite interesting--it states 28% of the finance students looking for work (or 76 students total) went into I-banking (up from 52 students just two years prior). Also, you state that Virginia placed 71 out of its 220 students in its finance progam into I-banking (or roughly 32%). While you supply no statistics, I will presume this to be true--since it seems plausible in my view. </p>
<p>Then you make a presumption that the only people from Indiana University who went into I-banking were those who were in the I-banking investment seminar series (which doesn't seem plausible, IMHO). </p>
<p>Based upon conversations my son had with an Indiana University finance professor when he was at the school, he was told that there were an estimated 23 others (from the remaining group of 420+ finance graduates at the school) that the professor knew who went into investment banking. I took this "low side" number and used it for my statement. This seems quite reasonable considering the numbers of total students in the program. If Indiana were placing only 20% overall they would be placing a total of 92 total students or 59 more students besides the ones in the I-banking seminar program.) This is possible, but I agree with you it is highly unlikely--especially given my son's conversation.</p>
<p>Note that this would support your statement that Indiana is not placing as many students as other schools (such as Michigan and Virginia) into I-banking. It hardly seems a condemnation of the program, however. To be placing 56 students from Indiana vs 71 from Virginia vs 76 from Michigan (schools both ranked in the top 10 in Finance), seems fairly impressive--which was my main point.</p>
<p>Calcruzer:</p>
<p>My two posts before yours are there to show that this statement "No other college except NYU, Wharton, and Harvard (forgot them, sorry)--placed more students with I-banking firms last year" is false.</p>
<p>I am not condemning IU's business program, which I have said it's great in several threads in the Business Major forum.</p>
<p>I assume people here do want to see statistics</p>
<p>let's define an "Investment Bank". according to <a href="http://en.wikipedia.org/wiki/Investment_bank%5B/url%5D">http://en.wikipedia.org/wiki/Investment_bank</a>, Here're are the leading investment banks:</p>
<p>ABN AMRO
Adams Harkness
Anderson & Strudwick
Banc of America Securities
Barclays Capital
Bear Stearns
BMO Nesbitt Burns
BNP Paribas
Banque Marocaine pour le Commerce Exterieur
Bulltick Capital Markets
Brown Brothers Harriman
Calyon
Cantor Fitzgerald
Canaccord Adams
Cazenove
Citigroup
CIBC World Markets
Commerce International Merchant Bankers Berhad (CIMB)
Credit Suisse
Deutsche Bank
Dresdner Kleinwort Wasserstein
Ferris, Baker Watts, Inc.
Friedman Billings Ramsey
Genuity Capital Markets
Goldman Sachs
Houlihan Lokey Howard & Zukin
HSBC
Jefferies & Co.
JPMorgan Chase
Lazard
Lehman Brothers
Macquarie Bank
Merrill Lynch
Mizuho Corporate Bank
Morgan Stanley
Newbury Piret
NIBC
Oppenheimer of North America
RBC Capital Markets
Robert W. Baird & Company
Rothschild
Sanford Bernstein
Scotia Capital
Soci</p>
<p>Untitled, thanks for all the good info on the I-banking programs.</p>
<p>Let me make a couple of things perfectly clear: I am not here to try and talk up the Indiana program--I never attended Indiana--in fact, I have never even set foot on the Indiana University campus in my entire life. I personally could care less whether Indiana ranks 1st or whether they rank 285th in I-banking.</p>
<p>I gave information here on what I believed was valid information relating to I-banking placements based upon certain statistics given to me and comments made by individuals with whom I work. These individuals, who have worked in I-banking for over 20 years, gave rough numbers based upon their experience. If the data I was given is no longer valid (at least for the past one- or two-year periods), I apologize. </p>
<p>Now, if you will excuse me--I have to get back to working on a certain $4 billion acquisition/merger. </p>
<p>Oh, and go UCLA Bruins (my alma mater). Good luck in tonight's NCAA final.</p>
<p>It seems all the more likely, I'm reading through my IU application and a Biology major was a summer analyst with GS.</p>
<p>What do all the students that don't get into I-Banking do?</p>
<p>This was already discussed on another thread--but to clarify--I-banking is a very small part of financial jobs nationwide. Corporate finance and accounting jobs are much more plentiful--even if most don't pay as well (in general) as I-banking jobs.</p>
<p>Such as Stern's job placement... in I-banking, at least</p>
<p>Thanks.</p>
<p>Stern does not publicize their data. I am pulling my hair out trying to find specifics. >_<</p>
<p>Oh yea....where did you guys get the rankings for which schools put the most people into ibanks?</p>
<p>Um untitled you obviously dont know what your talking about most of the schools you listed did not place more than Indiana and Umich and uva may have done slightly better this year, but think how close indiana is to their placement after only two years of a spark in recruiting..u seem like a big uva advocate and its gonna be interesting when indiana outplaces them in about a year</p>
<p>UMich-Ross is pretty good for ibanking.</p>
<p>I think schools on the following list are pretty good; I think Howard is there because of AA though:</p>
<p><a href="http://www.lazard.com/Careers/FA-NA-UG.html%5B/url%5D">http://www.lazard.com/Careers/FA-NA-UG.html</a></p>
<p>University of California, Berkeley
Claremont McKenna College
Columbia University
Georgetown University
Harvard University<br>
Northwestern University
Howard University
McGill University
Princeton University
Stanford University
University of Chicago
University of Illinois
University of Michigan
University of Virginia
Wellesley College
The Wharton School<br>
Yale University</p>
<p>I go to Kelley (Finance Major), and they are aggresively trying to build its reputation on Wall Street. They have created a Investment Banking Workshop (extremely difficult to get into), and a Seminar (all you need is a 3.5). I would say if you have atleast a 3.5 GPA and want to do IB, you will definitely get an IB job at Kelley. Remember a lot of the kids at our school (Finance Majors included) are from Indiana and they don't want to leave the state, myself included. The only problem at IU now is trying to find enough people that can get through the finance department while maintaining a 3.5 GPA, and wants to do IB. I heard they have even started recruiting people outside of the b-school because there were a lack of students interested in IB, and they couldn't fill the interview sheets with some banks. I hope this helps, and good luck working all those hours. I don't know how you guys are gonna do it. </p>
<p>Check this site out. This is that workshop site.<br>
<a href="http://www.kelley.iu.edu/ibw/%5B/url%5D">http://www.kelley.iu.edu/ibw/</a></p>
<p>Igotone, I'm down here at USI, and I was considering transferring, to IU, because of the IBanking recruitment, how is placement for students who mantain a 3.5 GPA, but don't get into the workshop? Also how hard is the finance coursework, as far as study req.?</p>
<p>mssales,</p>
<p>On the Kelley Finance site there is a link to the "Investment Banking" 2007 Resume book. Before they show the resumes they give a list of the full-time placements (so far) for the 2006 graduating class. It shows 59 placements out of the undergraduate finance class, of which 12 came from outside of the Investment Banking seminar or I-B special program.</p>
<p>I want to badly transfer to IU, but, I'd defintely have to do an extra semester which would push my graduation to spring of 2009, I'll be 24 then, extremely old?</p>