Investment Banking

<p>Do Rochester grads get recruited by major banks for investment banking positions?</p>

<p>Here’s the Career Center’s list of firms that have recruited UR students in the past. (on and off campus events)</p>

<p>[Career</a> Center @ University of Rochester](<a href=“http://www.rochester.edu/careercenter/parents/recruiterlist.html]Career”>http://www.rochester.edu/careercenter/parents/recruiterlist.html)</p>

<p>To give a larger context, IB’s, consultancies, et al tend to have involved hiring programs with multiple gates - meaning tests and exercises. They also tend to have more than one tier for hiring. So for example, college grads tend not to be considered in the same group as post-grads. Large consultancies, for example, will hire college students in the expectation they’ll leave, meaning they provide some cheaper labor and every now and then one really works out. These jobs are hard to get no matter where you go to undergrad. </p>

<p>IB’s have lots of career options. These tend to be filled through post-grads, other work experience, etc. </p>

<p>I say “tend” and I’m talking about undergrads. So for example, a math major may be able to get into an IB more easily than a finance / business / econ person. Then again, it’s still possible to work into some parts of the trading sides by non-traditional routes. I’m talking mostly about big companies and they tend to have big processes with lots of hoops. Smaller ones can be utterly different, with more hiring through contacts, lots more hiring based on work experience, etc.</p>

<p>Prestige is important in banking. Unfortunately, the U of R name won’t land you interviews by itself. At Rochester, your best bet is to hone your skills in quantitative finance and seek out internships as best as you can. It’s certainly possible to attend a Master’s program at an Ivy afterwards if you are successful as an undergraduate here. </p>

<p>That last point is probably required in this job market if you want to end up in a position that is anything like you optimistically imagine.</p>