<p>I’m not sure what is the basis of this statement. I’ve more than ample proof that MIT students are preferred bunch for high paying IB jobs at top I-banks, the data clearly reflect that.</p>
<p>I don’t accept what other says instead I accept facts. Show me any data where undergraduates from any college makes more in Investment Banking at top I-Banks.</p>
<p>I’ve gone through the career offices of all the colleges when touring and have not found more transparent data from other colleges. So I’ve no reason to believe that MIT data is skewed or is skewed any more than Wharton data.</p>
<p>POIH:
This is Wharton’s 2010 data:
60% of its student go into financial industry.
Goldman 28
Citi 18
Bank of Amer 15
Blackstone 15
CS 12
JP Morgan 11
MS 11
Barclay 10</p>
<p>Princeton has 114 students going into financial industry
Cornell has 800 students going into financial industry (20% of total)</p>
<p>What about MIT number?
only 9% of UG students go into finance, 18% go into consulting. That 9% of students equats to 25 students. This is what MIT included in the financial industry:
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>Wharton has more students working for GS than MIT has going into finance. Salary range is not a good indicator of how well regarded a school is by an industry, it is number of people who are hired matters.</p>
<p>You will see many companies cross listed in multiple categories depending upon the student and job they hired the student for. So now assuming that MIT will list student hired for janitorial services in the Investment Banking category is possible in Maxwell’s world but not in my view.</p>
<p>oldfort: I explained before in another thread you need to compare Wharton student with 6% of Business major at MIT which are 250 odd student for 4 years total. So if you then look out of 60 odd student majoring every year a large % go into investment banking and almost all go into financial/Consulting services.</p>
<p>Just because more people going into financial services doesn’t mean a better school. Cornell strength is almost 6 times MIT strength. </p>
<p>MIT has 40% students majoring in engineering and a large portion of those go into IT or other engineering streams.</p>
<p>When you talk about best colleges for I-Banking then talk about how the program will project you to the prospective employers. If top I-banks recruit at MIT and pay them the best pays over Princteon, Cornell or Wharton then to me it tells that these top I-Banks consider very high of the MIT program.</p>
<ol>
<li>MIT core curriculumn is the best among the colleges.</li>
<li>MIT Sloan is the top B Program among all the colleges that allow undergraduates to take classes beating the Wharton in US NEws 2012 ranking.</li>
<li>Top I-Banks recruit at MIT regularly.</li>
<li>Top I-Banks pay top pay to recruited MIT students.</li>
</ol>
<p>It is easy for me to believe based on the above that MIT is the best college for a career in I-Banking.</p>
<p>POIH - I know the size of Cornell, that is why I showed you that 20% of Cornell students vs 9% of MIT students go into Financial Services.</p>
<p>There is no need to talk about MIT’s curriculum, lets just talk about numbes, isn’t that your strength? Cold hard numbers. 25 students from MIT went into Financial Services, and that included PayPal, Peer Transfer.</p>
<p>Again, no one is saying which school is better in general. This thread is about which school is best for IB. There was nothing for you to back it up to show MIT is the best school for IB. The first link you showed was the Wharton link because you wanted to show that MIT’s salary range was higher, therefore it was a better school.</p>
<p>oldfort: If 6% of MIT student major in Business and 9% go to Financial services then I think it explain the strength of the MIT program. MIT has other strong program that enable student to get into high profile career in Consulting and Software and so these take 17.6% and 10.6% of the students.</p>
<p>Princton report 12% of student going into Financial services and 16.7% into non profit and another 9% into consulting which indicates there are not many strong program other than to get into financial services.</p>
<p>While Cornell doesn’t even list Financial services as the most frequent listed field.</p>
<p>Engineering 18.7% Physical Sciences 4.7%
Medicine 15.6% Computer and Information 3.6%
Sciences
Law 15.4% Architecture & Environmental 3.4%
Biological Sciences 9.1% Business and Management 3.1%
Other Health Fields 5.8% Veterinary Medicine 2.9%</p>
<p>Both Cornell and Princeton don’t list which company hires there, it might be that none of those financial service are Investment Banks as these institute don’t separate normal financial services from investment banking which MIT does. </p>
<p>So at MIT you know for sure which I-Banks recruite and how much they pay. Which is more than to any other college undergraduate. </p>
<p>But you still will say I-Banks pay MIT students to do the janitorial work and not for Investment Banking as they can get Wharton, Princeton and Cornell student for cheap to do that work.</p>
<p>Popcorn is kosher…so is chocolate covered matzoh…</p>
<p>I asked IB BIL who is a highly placed IB executive. He said…MIT is not a school HE would generally recruit from. That is not the school’s strength and his firm does not send recruiters there.</p>
<p>Even though MIT listed a separate Investment Banking number other than the above financial services listing all the top I-Banks.
But Cornell is not even listing any I-Banks and stating only financial services. It might be the case not even one of those actually got recruited to an I-Bank.</p>
<p>MIT lists the following I-Banks recruiting it’s undergraduate students paying them big bucks.</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>This is the list of largest Investment Bank</p>
<p>[List</a> of investment banks - Wikipedia, the free encyclopedia](<a href=“http://en.wikipedia.org/wiki/List_of_investment_banks]List”>List of investment banks - Wikipedia)
Citigroup (Citi Institutional Clients Group)
Credit Suisse
Bank of America (Bank of America Merrill Lynch)
Barclays Capital
Deutsche Bank
Goldman Sachs
HSBC
JPMorgan Chase (J.P. Morgan)
Morgan Stanley
UBS (UBS Investment Bank)
Nomura Securities </p>
<p>My daughter is going to be working at an IB, 3 of her 15 closest friends will be (2 of them at GS). </p>
<p> Employers Hiring the Most Cornellians
Cornell University, Deloitte Consulting, Deutsche Bank, Ernst & Young, Goldman Sachs,Google JPMorgan Chase, Morgan Stanley, National Institutes of Health, Teach for America</p>
<p>Cornell doesn’t just list IBs because there are other great firms outside of IB.</p>
<p>
You know you are just getting petty, right? It is not like you. Where is your cool?</p>
<p>I would just like to point out that I have never said Cornell was the best school for IB. I don’t need to promote my kid’s school all the time. I know Cornell is a lower tier Ivy.</p>
<p>^^^: That doesn’t give you any information unless it is accompained by a number.
Most can also be 2.</p>
<p>I’m not sure what is the contention here. A school clearly list the top I-Banks coming and recruiting its undergraduate students. The salary range quoted for those accepted students is the highest among all other peer colleges providing candidates to the same I-Banks.</p>
<p>Still most CCers have problem accepting that such a college is the leading institute for I-Banking.</p>
<p>I might need time off this thread now. What ever it is upto student to decide but in my view for any aspiring I-Banking student MIT provide the best environment, scope and prospect.</p>
<p>POIH - you have lost in the number game long time ago. You problem is you have no ability to admit when you are wrong. </p>
<p>Any idiot would know if Cornell listed GS as one of those top recruiters at Cornell, out of 3000 students there would be more than 2 people who got hired.</p>
<p>POIH - do you want to continue? Why don’t you show more links and numbers.</p>
<p>Just to put it on the table, I have worked in IB since I was out of college, from front office to back. I am just as anal as the next person when it comes to numbers. If my kid wants to go into IB, I wouldn’t advise her to go to MIT. Again, MIT is a great school, but it is not be all and end all for everything.</p>
<p>oldfort: I’m not from I-Banking but if I’ve to advice someone who is looking to go into I-Banking then I’ll certainly recommend MIT based on the strength of the program and results as indicated from their career office report.</p>
<p>You can see from the following link that student who are not getting paid handsomely are actually not recruited as “First Level Analysts”.</p>
<p>So getting paid $150K from MIT undergraduate is not a lie.</p>
<p>If 20% of Cornell and 12% of Princeton is getting recruited as first level analysts then their average salaries should be much more than what’s being listed.</p>
<p>Again, you are twisting information. Cornell stated 20% of students went into Financial Industry, just like MIT stated 9% went into Financial Industry, it never stated all of them went into IB, same with MIT. MIT didn’t have 9% go into IB. MIT had 25 students (9%) who went into Financial Industry. MIT’s 9% included companies like PayPal, not all of them got recruited as first year analyst.</p>