<p>why does nobody mention UVA's McIntire???</p>
<p>im kinda confused, whats the difference between a front office job and a back office one?</p>
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why does nobody mention UVA's McIntire???
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<p>they did. It falls under top publics</p>
<p>Front office, roughly, are those who deal with the clients, seal transactions, and things like that. The "more exciting", money-making departments. IBD, Fixed Income, Private Wealth Management, falls under this category.</p>
<p>Back office, on the other hand, involve departments like Securities (the physical one, not the financial securities haha), Operational Risks, Legal and Compliance, Corporate Services. They are not the money-making ones but they are the ones who make sure the bank operates properly. More like "behind-the-scene" people.</p>
<p>--</p>
<p>Aww, at least do justice to the "top publics" by actually mentioning their names!</p>
<p>alrite thx lisieux. Just one more thing, that lets say somebody starts of in a back office job, would it be possible to switch to that firm's front office ? or is that guy stuck in a back office role foreverr?</p>
<p>I've met two people that went from back-office (operations) to front office but its very hard and requires a good deal of networking within your company (which is not always the easiest thing to do with front-office employees). Also granted Baruch is recruited for back office positions but there are always atleast 5-10 students that end up with front office jobs without any "connections"</p>
<p>I am not even in college yet, so I am not the right person to answer that. I did an internship at Morgan Stanley for 3 months, however, and over there there's an internal job bank that you can apply to, so I'd imagine that it's very possible. I guess at the end of the day it's really up to you whether you are good enough to move to the front office. One possible advantage is that you know people in the bank already who might give you their appraisals to the people in the front office. Connections go a looong way in the banking industry so it might actually work to your favor! </p>
<p>Anw, more experienced opinion are welcomed. I am a newbie too. Haha.</p>
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Complete (debatable) List of Target Schools for IB/PE/HFs </p>
<hr>
<p>Calcruzer, while we all appreciate your good intentions of trying to be as inclusive as possible, the reality is that your list is much too long. Here is the list of target schools based on anecdotal evidence and conversations with other analysts from other BBs. Keep in mind that this list is only for NY BBs IBD and top buyside shops. </p>
<p>Harvard
Princeton
Yale
Penn - Wharton
Columbia
Dartmouth
Stanford
Duke
Williams
Northwestern
Penn - CAS
University of Chicago
NYU - Stern
Cornell
Brown
MIT
Top Publics</p>
<p>Firms might "recruit" and put on powerpoint presentations at more schools and have a presence at a few others, but the reality is that firms don't really hire from these schools safe for a few true stand outs. The bulk of the hiring is done from the schools listed above.
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<p>While it was a few years back, from my experience, this list is too restrictive. In my BB IB analyst class, ~ 55% of the class were from one of the schools you listed; not 80-90%. The firm also recruited on the campuses of Georgetown, UVA, Cal/Berkeley, BC, Amherst, Bowdoin, Colgate, Hamilton as well as took resumes from people at additional schools that became part of the class. Having attended one of these other schools, I can attest that more than just 'a few true standouts' were able to get positions at different BB firms. Observing the analyst classes of my roommates and other friends, the hiring situation appeared to be similar at their companies too.</p>
<p>Finance is more competitive nowadays. If you don't come from the schools listed above, you've got your work cut out for you. Hell, I'm thinking about reducing that initial list to a ten core schools.</p>