<p>Do Investment banks recruit at Indiana University?</p>
<p>Yes they do. Morgan Stanley is even currently recruiting junior class members of the Hutton Honors College from all majors (not just business) whose gpa is 3.8+ for the Summer Analyst Internship Program in New York. There are probably at least 600 junior non-business majors in the honors college at IU Bloomington.</p>
<p>[The</a> Investment Banking Network at Indiana University: Index](<a href=“http://kelley.iu.edu/ibn/index.cfm]The”>The Investment Banking Network at Indiana University)</p>
<p>Most recruitment is probably done for MO/BO positions like IT, Treasury, Operations, etc., but I’m sure some standouts can break into IBD and S&T.</p>
<p>That is completely false^. Most recruitment is for investment banking, capital markets, and to a lesser extent private wealth management and trading positions.</p>
<p>Define “most”. Indiana’s business school might be considered a target for Chicago-area firms but I’m not sure it would even be a semi-target for banks in New York. It doesn’t hold a candle to even Michigan or Northwestern, which are in the same Big 10 conference.</p>
<p>plenty of people from the investment banking workshop end up at BBs in FO roles.</p>
<p>I cannot speak for Michigan or Northwestern as I do not attend either univeristy, but there are almost no banks that recruit for MO or BO at IU (Citadel and BAML are the only ones with OCR that I am aware of). Don’t get me wrong, there are crappy sales and financial advisor jobs that a lot of lesser qualified students get. However, there is still no BO or MO recruiting.</p>
<p>In terms of upper tier students, the Investment Banking Workshop has 100% placement in investment banking and capital markets (no other school including Michigan and Northwestern can boast that). Likewise, the Investment Management Workshop and Consulting Workshop have great placement as well. Other students in the Honors Program usually end up with a very respected firm in their desired industry, be it big 4, marketing, supply chain management, etc. </p>
<p>However, at the end of the day I am willing to bet 10 times more students get into front office than middle or back office simply because every investment bank from the best bulge bracket to many small middle market and boutique shops recruit here for IBD whereas there is almost no recruiting from banks for MO or BO.</p>
<p>You realize “recruiting” and actually hiring students are two different things right? Investment banks have more than enough applicants from schools like Wharton, Harvard, etc. The only way you’re going to get in from a non-target like indiana university is through ridiculous networking and luck</p>
<p>The investment banking track of the Investment Banking Workshop at Kelley has 29 members in the class of 2011. 24 of the 29 have secured full-time positions with the following. </p>
<p>Bank of America Merrill Lynch 5
UBS Investment Bank 4
Deutsche Bank Securites 2
Goldman Sachs 2
J.P. Morgan Chase 2
William Blair & Co. 2
Citigroup 1
Greenhill & Co 1
Lazard Middle Market LLC 1
Moelis & Co 1
Morgan Stanley 1
O’Neill & Partners 1
Perella Weinberg 1</p>
<p>These 24 were not just recruited; they were hired. The other five of the 29 probably have positions by now, as the individual profiles have not been update for a couple of months. Three of those five did internships in the far east last summer or live in the far east, so their employment information may not be reported in the same time frame as ones reporting positions in the US already.
<a href=“The Investment Banking Network at Indiana University: Error On Page”>The Investment Banking Network at Indiana University: Error On Page;
<p>24 students a year…not good odds if you ask me</p>
<p>“24 students a year…not good odds if you ask me”</p>
<p>24 compared to what other number? I see you know a lot about determining odds.</p>
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<p>Compared to the number of students at IU who would want a job in banking?</p>
<p>Besides, I’ll bet most of those 24 were not front office. I don’t see any IU e-mails in my BB summer analyst class.</p>
<p>Point is, a school where a bank hires 1-2 students a year cannot possibly be a target</p>
<p>This is what it means to be recruited: <a href=“http://www.vpul.upenn.edu/careerservices/wharton/surveys/Wharton2008Report.pdf[/url]”>http://www.vpul.upenn.edu/careerservices/wharton/surveys/Wharton2008Report.pdf</a></p>
<p>Just because Wharton (btw, thanks for the 2008 data; I guess Wharton will get around to publishing post-crash data some year when their numbers can look more attractive) is more of a target than Kelley does not prove that Kelley is not a target. Nobody claimed that everyone in Kelley aspires to ibanking, just that it is a target, which is indisputably evident, despite the contents of your e-mail inbox, which I am guessing is not a mandatory destination for every ibanking communication that is sent these days.</p>
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This just isn’t that impressive at all nor does it prove that Kelley is a “target school” for investment banks at all. Only 24? So, basically Kelley screens heavily and picks their strongest 24 candidates and places them into some arbitrary Investment Banking workshop and then claims it has 100% placement into IBD. How impressive!</p>
<p>Kelley is not a target. It’s maybe a semi-target for the Midwest region. A real “target” school would have placement figures that would absolutely blow the list you provided out of the water. Wharton sends more kids to Goldman Sachs THAN THE ENTIRE UNIVERSITY OF INDIANA SENDS TO THE INVESTMENT BANKING INDUSTRY IN GENERAL. Try that on for size.</p>
<p>The OP’s question was “Do Investment banks recruit at Indiana University?”</p>
<p>Perhaps you guys should contact the recruiters and tell them to stop wasting their time with Kelley students. You seem to know their business better than they do.</p>
<p>A target school is a school where banks recruit on campus. As I have previously said, all banks that come on campus are here for FO postions (you can’t browse the carrer services website unless you are a student so you are going to have to trust me on this). Multiple banks come on campus (GS, Moelis, BAML, UBS, Citi, KeyBanc, Baird, PWP, to name a few (there are many more I am leaving out)). I have not been paying attention to the banks recruiting for New York positions (I am only focused on Chicago), but they recruit on campus for both cities (more for Chicago than New York). However, more students end up working in New York than Chicago (by a wide margin) because that is where they want to work. When a student wants to work at a bank that doesn’t recruit on campus, he/she is simply flown out to New York or drives to Chicago to interview there.</p>
<p>As I have previously mentioned, the Workshop has 100% placement for FO which no other school can claim. </p>
<p>I find it amazingly insulting that students who do not attend IU and who do not have access to our carrer services website attempt to tell me which banks recruit here for what roles. I know better than you, I am here right now. The goal this year is to have 60 students in IBD & capital markets (120 total for juniors and seniors). I am not sure how many your school sends each year, but finance is a relatively small world and that is a pretty respectible number.</p>
<p>Also, these recruiters wouldn’t come to campus if they didn’t intend on hiring students, that would just be a waste of their time and money.</p>
<p>Here are excerpts from an IBW member’s blog about his on-campus interviews last February at Kelley. </p>
<hr>
<p>Sunday, February 7, 2010
Interviews On-Campus </p>
<p>In one of the craziest and most hectic weeks of my life, I ended up having one of my most successful weeks as well. As I have mentioned before, I had several interviews lined up this past week and spent a ton of time preparing for them.</p>
<p>On Monday, I had only one scheduled interview–with Credit Suisse Chicago. The interview went well and the Director and Kelley alumni doing the interviews was an awesome guy to meet. I ended up receiving a second-round interview offer from them for Friday. On Tuesday, I had four interviews with Perella Weinberg Partners, Goldman Sachs, UBS, and Morgan Stanley. I ended up getting second rounds with each, which made for a crazy night of phone calls and excitement. Wednesday, I had two interivews with J.P. Morgan Chicago and Bank of America Merrill Lynch. I received my first actual offer from BAML later that evening. The next morning, on Thursday, I removed myself from two other interviews having received the offer from BAML.</p>
<p>Sunday, February 14, 2010
Getting My Life Back in Order</p>
<h2>I finally wrapped up the internship hunt yesterday. I had flown to Chicago on Thursday for my last set of second-round interviews, and ended up accepting a different offer last night from Perella Weinberg Partners in New York. It felt great to be done with the entire process–interviewing and dealing with making plans for it all was getting pretty old.</h2>
<p>So this student had seven ib internship interviews on-campus the first half of the week and canceled two more interviews scheduled for late in the week after receiving an offer on Wednesday. Pretty target-like numbers if you ask me.</p>
<p>The same student accepted a full-time offer with Perella Weinberg following the summer internship.</p>
<p>HAHAHA trust me I’ve been in IBD at a BB for a few years, and I have never even heard of Kelly. Just because 17 out of 8000 undergrads managed to squirm their way into a BB does not make the school a target.</p>
<p>Investment banks will do info sessions and take resumes from hundreds of schools, but that does not make them all targets</p>
<p>Seriously, a 5 min google search will get you the answers:</p>
<p>[Comprehensive</a> List of Target Schools | WallStreetOasis.com](<a href=“http://www.wallstreetoasis.com/forums/comprehensive-list-of-target-schools]Comprehensive”>Comprehensive List of Target Schools for Investment Banking | Wall Street Oasis)
[School</a> Prestige Rankings on Street | WallStreetOasis.com](<a href=“http://www.wallstreetoasis.com/forums/school-prestige-rankings-on-street]School”>School Prestige Rankings on Street | Wall Street Oasis)
[Target</a>, Semi-Target, Non-Target | WallStreetOasis.com](<a href=“http://www.wallstreetoasis.com/forums/target-semi-target-non-target]Target”>Target, Semi-Target, Non-Target | Wall Street Oasis)</p>
<p>Kelly is noticeably absent from all these threads</p>
<p>[Best</a> undergrad finance school out of these… | WallStreetOasis.com](<a href=“http://www.wallstreetoasis.com/forums/best-undergrad-finance-school-out-of-these]Best”>http://www.wallstreetoasis.com/forums/best-undergrad-finance-school-out-of-these)
[How</a> do Big 10 Schools fare on the street? | WallStreetOasis.com](<a href=“http://www.wallstreetoasis.com/forums/how-do-big-10-schools-fare-on-the-street]How”>How do Big 10 Schools fare on the street? | Wall Street Oasis)
[Kelley</a> School of Business (Indiana University) | WallStreetOasis.com](<a href=“http://www.wallstreetoasis.com/forums/kelley-school-of-business-indiana-university]Kelley”>Kelley School of Business (Indiana University) | Wall Street Oasis)</p>
<p>I can pull up links too. Also, wallstreetoasis is mostly just college students who do not know what they are talking about. </p>
<p>As I have previously mentioned, a target school is one where a bank recruits on campus for that position. All the banks I have listed have recruiters coming to campus to interview students for IBD. Not ops, not risk management, not technology.</p>
<p>In addition, I said the goal this year is to get 60 into IBD and CM. There are 1200 students per class in the business school and approximately 50% are majoring in finance. 60/600 = 10%. That is a nice number.</p>