Best Undergraduate College for Investment Banking and Hedge Funding

Career Opportunities & Internships Investment Banking
401

<p>Harvard, Stanford, Columbia, Wharton - the best</p>

402

<p>^^Any list that excludes Princeton should not be taken seriously.</p>

403

<p>Harvard, Princeton, and Wharton</p>

404

<p>I’m an international high school senior who has applied to the following colleges. I am considering an Econ and/or Math major. I am attracted to IBanking in terms of whatever little I know about it.</p>

<p>Can anyone place these schools in tiers for me, and perhaps give any specifics about these?</p>

<p>Duke, Columbia, Duke UChicago, Wesleyan, Tufts, Williams, Brown, Macalester, UVA, NYU Stern, UCB(later Haas), Brandeis, Cornell CAS.</p>

<p>Thanks!</p>

405

<p>Deutsche Boerse and NYSE possible merger…derivatives market growing…good for engineers wanting to go into banking. Any thoughts…</p>

406

<p>chau14, probably this way:</p>

<p>Berkeley (Haas), Columbia, Duke, Chicago, NYU Stern
Cornell CAS, Williams, Brown,
Wesleyan, Tufts, UVA
Brandies, Macalester</p>

407

<p>Cornell, Columbia
Stern
Duke, Chicago, UVA
Haas</p>

<p>Everything else</p>

408

<p>Wharton and Wharton alone.</p>

409

<p>I think Wharton is definately the best.
Students there are trained to be banker.</p>

410

<p>What’s better, Babson college or bentley university?</p>

411

<p>Does anyone have any concrete report from career offices from the colleges to prove that the top I- Banking recruitment indeed take place at the said colleges and then it would be easier to rank the colleges based on which companies are recruiting and how many?</p>

<p>I do have the data for MIT which shows clearly all the top I-Banking recruiting undergraduates.</p>

<p>[Graduating</a> Student Survey - MIT Careers Office](<a href=“http://web.mit.edu/career/www/infostats/graduation.html]Graduating”>http://web.mit.edu/career/www/infostats/graduation.html)</p>

<p>Point to note from MIT Salary range for MIT undergraduate and list of companies</p>

<p>Investment Banking
(Mutual Funds,
Money Management)
17 Bank of America Merrill Lynch, Credit Suisse, JPMorgan Securities, Citigroup,
Goldman Sachs, UBS, Summer Street Research Partners, Barclays, Morgan
Stanley, Fidelity Management and Research Company, Anja Capital, Five
Rings Capital LLC</p>

<p>73,353 45,000 - 150,000</p>

<p>Here is data from U. Penn (Wharton)</p>

<p><a href=“http://www.vpul.upenn.edu/careerservices/undergrad/reports/WHA_2010cp.pdf[/url]”>http://www.vpul.upenn.edu/careerservices/undergrad/reports/WHA_2010cp.pdf&lt;/a&gt;&lt;/p&gt;

<p>Point to note from Wharton; don’t list companies and salary range</p>

<p>Investment Banking $68,796 $33,500 - $75,000
Investment Management $64,400 $20,000 - $100,000</p>

<p>How come Wharton is tier 0??? MIT Sloan beats Wharton on 2012 top B Schools list.</p>

<p><a href=“http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-business-schools[/url]”>http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-business-schools&lt;/a&gt;&lt;/p&gt;

412

<p>Here is the report from Princeton</p>

<p>[Princeton</a> University - Career Services - Online Publication](<a href=“http://ocsweb.princeton.edu/pro-flip/Main.php?MagID=1&MagNo=1]Princeton”>http://ocsweb.princeton.edu/pro-flip/Main.php?MagID=1&MagNo=1)</p>

<p>Point to note the Salary range for undergraduate employed in Financial Services as it doesn’t report separately I-Banks</p>

<p>Financial Services $69662 $47500 - $110000</p>

<p>While MIT list financial services separate from I-banking and note the salary range…</p>

<p>Financial Services
(Commercial
Banking, Insurance)
25 Consolidated Trading, EWT Trading, GETCO, Covepoint Capital,
MorganStanley, Blackrock, Goldman Sachs, JPMorgan Chase, Deutsche Bank,
Citigroup, DRW Trading Group, CSS LLC, Bank of America, Bloomberg,
Bridgewater, Barclays Capital, Credit Suisse, Vision Capital, John Hancock,
Progress Financial,</p>

<p>$78,020 $48,000 - $190,000</p>

<p>Don’t get swayed by hype, get to the facts… </p>

<p>If you want to get into I-Banking go to Cambridge, MA — MIT.</p>

<p>Here is the report from Harvard and it doesn’t list separately about I-Banking too. </p>

<p><a href=“http://www.ocs.fas.harvard.edu/students/jobs/seniorsurvey.htm[/url]”>http://www.ocs.fas.harvard.edu/students/jobs/seniorsurvey.htm&lt;/a&gt;&lt;/p&gt;

<p>Yale doesn’t provide any reports at all so good luck getting into I-Banking from Yale.</p>

<p>Stanford also don’t provide separate I-Banking data</p>

<p><a href=“http://studentaffairs.stanford.edu/cdc/jobs/salary-grads[/url]”>http://studentaffairs.stanford.edu/cdc/jobs/salary-grads&lt;/a&gt;&lt;/p&gt;

<p>Go with the facts ask questions when visiting campus, do visit the career office before deciding where to go to get into I-Banking.</p>

<p>But one thing is true, if you can get into MIT and have the passion then you can get into I-Banking with top pay.</p>

413

<p>Here is the data from Dartmouth</p>

<p><a href=“http://www.dartmouth.edu/~csrc/pdfs/09stats.pdf[/url]”>http://www.dartmouth.edu/~csrc/pdfs/09stats.pdf&lt;/a&gt;&lt;/p&gt;

<p>There is no indication that I-Banks recruit there at all for undergraduates</p>

<p>Business<br>
Banking/Fin. Services 21 9.3%</p>

<p>and overall salary range also indicate so</p>

<p>Total Respondents 207<br>
Mean $41,325<br>
Median $40,000
Range $2,500 to $100,000</p>

414

<p>Please stop spamming for MIT, it is getting annoying. MIT is better known for having traders than investment bankers. </p>

<p>Also, judging from your previous posts I am not sure if you know the difference between an investment banker, a money manager, trader, and somebody in risk at a bank. While all of these jobs fall under the same category at most schools career services website, they are very different. The stats you gave do not show how many actually go into investment banking versus how many go into operations, they just show which company a student went to work for.</p>

415

<p>maxellis: Stop misguiding people if you don’t have any clue about Investment Banking. Come out of the myth and show solid data to negate what I wrote.</p>

<p>To make it even bolder, MIT is the top institute to attend to get into a top Investment banking field with top pay as an undergraduate. No question. If you have any data to prove otherwise then provide that.</p>

416

<p>Poih
The stats you are showing is for graduate students, not for UG. IB anaylyst get paid 70k base, 10k sign on bonus. No way to get 150 the first year. I always thought you were pretty concise when you use stats, but this is ridiculous. MIT is a wonderful school, but it can’t compare to Wharton when it comes to IB placement. MIT can’t even compare to Cornell when it comes to IB.</p>

417

<p>I know that every school out there tries to skew the data to make the numbers appear more favorably. Take for instance Wharton and Illinois State University. Both schools send students to GS, JPM, MS, Citi, BAML, CS, etc. However, the students from Wharton are usually going there for investment banking and trading whereas the students from Illinois State are going there for operations and risk.</p>

<p>MIT is not telling me what the students are doing there. 15 people headed to Goldman Sachs? That is great, but are they going there for investment banking or janitorial services?</p>

<p>Every school does this and they try to alter the numbers. MIT is no different. I do not need data to negate what you wrote, I am saying you did not provide enough data to prove your point.</p>

418

<p>oldfort: I’m not wrong here too. The numbers are for undergraduates only. </p>

<p><a href=“http://web.mit.edu/career/www/infostats/graduation10.pdf[/url]”>http://web.mit.edu/career/www/infostats/graduation10.pdf&lt;/a&gt;&lt;/p&gt;

<p>The corresponding number for graduate students are</p>

<p>Financial Services (Commercial Banking, Insurance)
25
Ernst & Young, PayPal, GE Capital, Bain Capital, Peer Transfer, Santander Bank, Lightkeeper Advisors, Produban, Mizuho Financial Group, HSBC, Morgan Stanley, State Street Bank, Goldman Sachs, Bank of America, Barclays Capital, UBS Investment Bank, Fidelity, Two Sigma, Aetna, Soverign Bank, BNP Paribas, PriceWaterhouseCoopers</p>

<p>116,320 70,000 - 400,000</p>

<p>Investment Banking (Mutual Funds, Money Management)
30
Fidelity Growth Partners, Optiver Traiding, Westfield Capital Management, Barclays Capital, Credit Suisse, Citigroup, Morgan Stanley, Jump Trading, Harris Williams & Co., Deutche Bank, Waddell & Reed Financial Advisors, JPMorgan Chase, Bank of America, Goldman Sachs, Fidelity Investments, Riviera Investment Group, Hawkshaw Capital, Santander Global Banking & Markets, American Industrial Partners, Arrowhawk Capital Partners</p>

<p>99,667 65,000 - 150,000</p>

<p>I’ve attended there sessions and it speaks of their strengths. I’ve not seen that strong undergraduate program anywhere else.</p>

419

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</p>

<p>I’m not sure how dense a person can be but yes if GS pay $150000 for janitorial services to a MIT student and $100000 for Investment Banking to Wharton then I think MIT student wins because when that MIT student get into the IB services he might be the one getting $400000.</p>

420

<p>

</p>

<p>I still give some data to prove my point but you are not providing any data to prove what you imply. At least some data is better than nothing.</p>