Investment Banking at USC

<p>I am a student who is currently planning on attending USC as an undergraduate and plan to major in Finance and Business Economics and possibly accounting as well. I was just curious to see if the recruitment for investment banking at USC is any good?</p>

<p>^ yeah I have the same question too. but from what I can see now IB recruiters are rather a rarity on campus, all the panels and such ive been to involve only USC alums who work in investment banks. I also don’t hear about a lot of seniors getting recruited by bulge bracket firms, although Im sure there are a few. Or maybe they recruit more from the MBA pool</p>

<p>"major in Finance and Business Economics "</p>

<p>Do we even offer any of those degrees?</p>

<p>^well, stuff related to that, theres an FBE dept</p>

<p>u can concentrate in finance and bizecon and major in acct, but really why do you need to do them all? pick one and get a high GPA. marginal benefit is slim</p>

<p>and i don’t know if you’ve seen OCR but theres a LOT of big name firms recruiting</p>

<p>I doubt they’ve seen OCR, it’s not that well-known and they typically don’t want underclassmen anyways.</p>

<p>^whats OCR? If there are a lot of big name firms Im totally going</p>

<p>so the feel im getting here is not to much recruiting for investment banking goes on for undergraduates?</p>

<p>cuz investment banking is big in east coast. go to nyu. plus stick to accounting if u wana do that, usc is good for it… dun double major too intense</p>

<p>OCR is On-Campus Recruiting. Check out the Careers website for details.</p>

<p>^ lol yeah I did that a few months ago, IB bulge bracket firms are still kinda rare</p>

<p>It seems like very few make it into IB directly, and those that do usually make it through summer analyst programs, which are pretty competitive.</p>

<p>I’ve noticed a lot of people take the indirect route and do double major Marshall Finance with a valuation emphasis and Accounting at Leventhal. Those that get lucky get into IB (by lucky, I mean stellar GPA/interviewing/networking skills) and others usually go to Big 4 consulting under the valuation department and work there for a few years and go into IB that way.</p>

<p>i posted this on WSO a couple weeks ago regarding OCR:
as of right now for ib: ubs, macq, guggenheim, credit suisse, citi, jefferies, barclays, wells, bofa, houlihan, jpmorgan, demeter, goldman (non ib), and job listings (non ocr) for a lot of others</p>

<p>so not sure what “still kinda rare” means when we have all but like 2 BBs. just sayin :)</p>

<p>I meant that like its kinda rare for someone to make IB directly lol but well Im just a freshman so I dont really know that much about this stuff yet</p>

<p>@ moss</p>

<p>I have summer internship offers but for Asia - will this help if I apply to a US position in the future?</p>

<p>Kmzizzle is correct, all of those firms have resume drops right now for summer internships and 1st round interviews start the end of January. It is an uphill battle if you are trying to go out east but all of those banks come here to recruit for their LA/SF or Asia branches. One of my roommates is gonna probably be doing a summer analyst stint with JP morgan up in SF. Check out the SF IB trip and NYC IB trip for Marshall students on the Marshall website also. In conclusion, USC is only really a Target for the socal branches and then competitive with stanford/cal for SF so if you want it badly enough and know what you’re getting into, you can work on doing everything right and have a decent shot at it. USC is however a target(top 5) for accounting. </p>

<p>The only two majors are BS in Business admin(then concentrate in finance/marketing/IS etc.) or BS in Accounting.</p>

<p><em>edit</em> I’m a junior Biz/Acc major who considered IB but am planning on doing accounting instead since I enjoy it more.</p>

<p>What would you guys say is the best major for IB?</p>

<p>um… BUAD or Accounting or Both or Business/ComSci dual or Econ?</p>