Best Undergraduate College for Investment Banking and Hedge Funding

Career Opportunities & Internships Investment Banking
441

<p>^^^: Ok you need to go through the MIT profile again. 25 in financial services is different from 17 that go into Investment banking center. MIT categorise the 9% into 4 sector with 25 going to financial services and 17 into investment banking. It also list the companies in each sector with pay ranges. It is clear from their investment banking category that top I-Banks recruit there and provide handsome pay packages.</p>

<p>What else proof you need for a strong I-Banking program.</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>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>and there are only 60 students who major in Business to begin with.</p>

442

<p>More than 17.</p>

443

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<p>The table you are looking at which lists number of students that got hired by each firm is a combined number of both UG and Master degree graduates. The number I quoted (9%) is only for UG. In the survey, there is no break down or list of companies that made up 9%. I don’t know where you got 17 out of 25 UG went into IB.</p>

444

<p>Oldfort: It’s not 17 out of 25 UG. MIT lists both undergraduate and post graduate separately. It also breaks down student going into Business/finances into 4 sectors as listed above. Out of which the 25 UG students have gone to financial services and 17 gone into Investment Banking as listed in #441.</p>

<p>I just mentioned that the total number of UG student who major in Business is around 60.</p>

445

<p>Haha this thread can get ridiculous. I’m sure that no matter what school you go to as long as you really stand out and take advantage of every networking opportunity and maintain a really high GPA and do great at interviews, you can get the job you want. </p>

<p>Yes certain schools give you more opportunities to do so but someone who shines at a semi target will get the job over an average kid at a target. </p>

<p>The school you go to should not affect your career to the extent at which it is portrayed on these threads as long as you outperform your peers.</p>

446

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<p>I’m a Dartmouth student who has friends at all of the top schools, many of whom will be heading into high finance this year.</p>

<p>Like the others have said, MIT is not the best for * investment banking *. It’s just a fact. Banking is a lot about social skills and communication. Plenty of MIT students have these skills, but the school has a stigma surrounding it. That said, as your stats show, plenty of banks recruit at MIT because the kids there are brilliant.</p>

<p>However, if you look at * trading *, especially quantitative, high frequency trading, MIT is the best school in the country. That’s where your stats that include Jane Street, DRW, GETCO, etc. come into play. MIT students fit the bill perfectly for those jobs, and these jobs also pay much higher than a typical investment bank straight out of college.</p>

<p>tl;dr: MIT is decent for banking and the best for trading.</p>

<p>Dispute settled?</p>

447

<p>POIH:We know MIT is a very good school now can you shut up!?!?!</p>

<p>There are probably 20 schools that banks recruit heavily at. Let’s see:</p>

<p>Harvard, Columbia, Penn, MIT, Stanford, NYU, Yale, Cornell, UChicago, Northwestern, Georgetown, Duke, Cal, Michigan, UVA, Princeton</p>

<p>And engineers from CalTech and GT who want to go into finance are well sought after as well. </p>

<p>Not quite 20, though there are other semi-targets (UNC, USC, etc) that also get recruiting</p>

448

<p>Is Boston College anywhere close to being a target?</p>

449

<p>I’d say a semi-target. Though Harvard and MIT in the same area doesn’t help very much</p>

450

<p>Forgot Dartmouth on your list. And Brown isn’t too bad either, although most students there aren’t interested in finance at all.</p>

451

<p>^^of course. </p>

<p>Now for the official CC IB/Finance List: :smiley:
Harvard, Yale, Princeton, Columbia, Penn, Stanford, MIT, CalTech, Brown, Dartmouth, UChicago, Duke, Northwestern, Cornell, Georgetown, Cal, UVA, Umch, UNC, UMich, NYU, GaTech(engineers only),</p>

452

<p>Where’s UT Austin?</p>

453

<p>In Texas :D</p>

454

<p>Lol… But seriously.</p>

<p>I know it’s a little easier for UT grads to land i-banking jobs in prominent banks’ Houston and Dallas offices. In terms of exit opportunities, are they pretty much the same had you done banking in NYC?</p>

455

<p>Unfortunately regional offices do not have the same exit opportunities. It is easy for regional office BB i-bankers to go to regional pe shops, but harder to make the jump to larger funds (I only know two people who have ever done it, and one person started out in NY, got the job, then transferred to the regional office).</p>

456

<p>Would you say that it is easier for a UT grad to land a BB IBD role in Dallas or Houston or is it equally as difficult as NY?</p>

457

<p>Is NYU Stern good enough or is it worth transferring to a top tier Ivy/school (HYPS, Columbia, UPenn, UChic)?</p>

458

<p>NYU is on the list. no need to transfer if thats your only concern</p>

459

<p>If you can transfer to Harvard, Wharton, or Princeton, do it. Otherwise, don’t bother</p>

460

<p>What kind of GPA does one need to go into ibanking (preferably a bb firm) if one attends an HYPSM school? 3.6, 3.7 or higher?</p>