Investment Banking Recruitment for College?

<p>Do the Whartonites get all of the interviews? Does someone in the college get in line behind the 500 from Wharton?</p>

<p>I would certainly hope so!</p>

<p>Absolutley. I know of three people who are working on Wall Street who got their BA's from SAS.</p>

<p>it would make sense as an employer to go for the wharton kids....unless someone with perfect grades who is also the president of the student body comes along</p>

<p>There are plenty of opportunities for non-whartonites in I-Banking, consulting etc.. you might have to look a little harder for them, but they most certainly exist :)</p>

<p>I-Banks aren't always looking for people with a degree in Finance, etc. Most of the bigger firms, like Goldman Sachs, will hire qualified individuals, regardless of their college major.</p>

<p>The real question I have is how hard it is to get an ib job coming from the college. Does the presence of Wharton make being a College student looking for a job much more difficult than coming out of the other ivies?</p>

<p>If you know you want to be an investment banker, why don't you just apply to Wharton?</p>

<p>I know I have no chance to get into Whaton based on my stats in comparison to many people who have applied and been rejected from my school. However, I think that I would have somewhat of a chance applying to the college especially since I strong non business extracurriculars (i.e. science research). Can you still answer my question to the best of your knowledge though, whatonalum?</p>

<p>Like other people have said, if employers - especially IBanks - are coming to Penn, you are naturally going to be competing with Wharton students for jobs and you have to be realistic about that. It's hard enough when Wharton students compete against each other for jobs (at least that's how I felt but I guess it depends on the year and the economy). Anyway just know that going into it you might not have the same academic background in terms of finance and accounting courses. However, if it's what you want to do, then you need to prepare yourself in other ways, like with extra currics or internships.</p>

<p>I don't think many students come into the College knowing they want to do I-Banking. And as a side note, you don't need business ECs to get into Wharton. They care more about leadership in general than business ECs. I think it's actually nice to do things that are outside of business, especially in high school. </p>

<p>Good luck with whatever you choose to do!</p>

<p>I found this on another messageboard.</p>

<p>
[quote]
I just graduated from the College and received numerous interviews and offers from BB and boutique banks. Although being a Wharton student would grant you a slight advantage, Penn is still the #1 recruited school on the street and most firms do not discriminate in terms of the College vs. Wharton. For example, in most of my final round interviews the College represented around 50% of the total Penn candidates. Just try to take a number of quantative courses (i.e. econ, accounting, finance, etc) and obtain a solid internship and you should be set.

[/quote]
</p>

<p>Can anyone confirm if this is at all true?</p>

<p>I am a Real Estate Agent in Texas and I have several clients who work for Goldman Sachs. They said that GS love Penn students, SAS or Wharton. All companies are different, but GS likes to have people from a Liberal Arts background because they(GS) feel they can teach you the business industry, but you can't make someone be well-rounded like Liberal Arts. This is just what I've been told by two Goldman Sachs Analysts...take from it what you will.</p>

<p>yeah GS loves penn...at a presentation this year GS's CEO mentioned that more penn students worked at GS than any other university. They love wharton and sas students (although obviously wharton is better represented as more whartonites want to go into IB than sas students).</p>

<p>exactly, bern700!
It's not that I-Banks won't hire students from SAS, it's just that most students in SAS don't want to go into that industry like Whartonites.</p>

<p>all ya need to do is to GET THE INTERVIEW!! </p>

<p>remember this word: i-n-t-e-r-v-i-e-w</p>

<p>i'm sure some wharton students are gonna be ****ed if they cant get ibanking jobs but their SAS friends can...lol
they'll be like: "THIS IS RIDICULOUS!!!" lol :)</p>

<p>getting an ibanking job is harder than most people think. (not joking)........good luck with stealing some whartonites' notebooks (J/K)</p>

<p>I don't know too much about the hiring and how they compare between schools. However, I would say that to be competitive for i-banking from the College, you would need to be an Econ major and it would help if you took finance classes in Wharton (although I don't know if you could get in to them if they are full). If you can find internships related to finance that would also help a lot.</p>

<p>I wasn't a finance concentration so I didn't have to compete for those jobs (thank god), but 60% of Wharton students concentrate in finance so the majority of each graduating class is looking at those jobs (and 60% of each class goes to work in finance afterwards). It's definitely going to be competitive, so if you really want to do that then you really need to differentiate yourself.</p>

<p>One thing you might also consider is applying for a dual degree once you are at Penn - as long as your GPA is really really high.</p>

<p>Yeah, but if Penn graduates aren't "hung up" on working on Wall Street, there are I-Banks throughout the country. So, even if it isn't on The Street, Penn SAS graduates can still land I-Bank positions somwhere else to get some experience.</p>

<p>yeah as thomas said you don't need to work on wall street to be an ibanker when i was looking for an internship this summer i was offered either to go work at an ibank in LA,SF,NYC,Atlanta, and Dallas. I ended up choosing NYC anyway because i've never really lived in such an urban city and i wanted to have the whole ny experience although at heart im a west coaster (ok not really i moved to the USA when i was like 12 but lived on the west coast) next summer i already have an awesome job lined up in LA...thank god.</p>

<p>yeah as whartonalum said to really be a competitive sas candidate you need to have done some internships, econ, etc. A friend of mine is an econ major in the college but has done 2 ibanking internships and pretty much is in all wharton clubs and takes a bunch of wharton classes. we make fun of him b/c he's a wannabe whartonite.</p>

<p>Well, given that over the past 5 years about 70% of Wharton alums end up in the Mid-Atlantic (including NY), I don't see that trend changing anytime soon. On top of that most of the companies coming ot recruit are hiring for offices in the Mid-Atlantic or Northeast, not the West or the South.</p>