I’ve heard really good things about Bates, however I’m wondering how elite it is considered to employers. I’m looking at going on wall street, and I kind of wanted to know about people’s thoughts on how prestigious bates is, and how sought after Bates graduates are.
Can you get in? The school rejected 80% of applicants last year, probably 85% of female applicants.
BTW, companies don’t actually seek out graduates from any school. The responsibility is on the graduate to take the initiative with good grades, impressive summer jobs and good old fashioned persistence.
If you think that companies are waiting for you, you are in for a rude awakening. There are plenty of recent Harvard grads living in the basement because they think the world is waiting.
In answer to your question, yes Bates is very prestigious.
Actually, many companies do recruit from certain colleges…doesn’t mean that a student from a particular college can’t just apply himself…but certain schools are stronger funnels…Wall Street loves Wharton grads…Google loves Stanford and so forth.
The alumni connection is also big…I know nothing about Bates but if there are many Bates grads on Wall Street, then that’s a good way in.
I’m sorry on campus recruiting is but a small part of hiring. Plus it does not mean that any one individual will be attractive to a company. Students make a big deal out of this but in reality jobs after graduation are more determined by what you do during the summers.
Also, traditional Wall Street hiring is a fraction of what it used to be, not even close to what it used to be because of industry consolidation and regulation that has destroyed many parts of the business.
The term Wall Street means almost nothing today.
Liberal arts grads from schools like Bates tend to gravitate toward consulting and asset management if they go into financial services due to the match with personality. They are also more likely to get an MBA. Increasingly, high tech firms are hiring liberal arts grads as well.
Google is actually one company that is sort of agnostic on school prestige.
For LACs, Williams and Amherst for sure, and maybe Swarthmore. I feel like the drop off significant from there.
In general:
Tier 1: Harvard, Wharton, Stanford, Princeton, Yale
Tier 2: Cornell, Columbia, Dartmouth, MIT, Oxford, Cambridge, LSE (London School of Economics and Politics)
Tier 3: Brown, Amherst, Williams, Duke, Caltech, UChicago, NYU (Stern)
Tier 4: McIntire (UVA), Ross (Michigan), Haas (Berkeley), Notre Dame (Mendoza), Northwestern, UPenn CAS, the Service Academies
Regional Targets (excluding schools already mentioned):
West Coast:
- Anderson (UCLA), Marshall (USC), Claremont McKenna, Pomona (Recently on the rise)
South:
- Vanderbilt, McCombs (UT), Rice, Emory (Guizeta)
South East:
- Kenan-Flager (UNC). [Caveat: KF is technically a target but is a top target for Charlotte firms].
East Cost:
- William and Mary, Georgetown
Also, this link is about feeder schools to top business schools, not WS, but I am confident that they should be fairly similar.
http://talk.collegeconfidential.com/business-school-mba/1224650-top-feeder-colleges-to-americas-elite-b-schools.html#latest
@PartyNextDoor Absurd post
For employers, the driver is not “eliteness”; the drivers are historical hiring, geographic proximity, or one-stop-shopping.
Lets go back to post #2. Can you get in? This was D’s second choice and she did not get in, Vanderbilt #1, she got waitlisted at Bates, Vassar and Middlebury. What are your stats?
@PartyNextDoor I can assure you there are just as many Lehigh graduates working on some form of Wall Street as Harvard graduates.
You should check out WallStreetOasis.com for “target” schools. If you’re interested in banking (“Wall Street”), that’s where you should start.
Here’s a good thread: http://www.wallstreetoasis.com/forums/comprehensive-list-of-target-schools
Don’t let any of the comments scare you off from attending an LAC, though. I’m sure you’ll be able to find something in finance from there. Go wherever fits your personality best.
@TurnerT @NerdyChica Ok. You should check out a site called Wall Street Oasis. The list was quoted by the Mod.
http://www.wallstreetoasis.com/forums/comprehensive-list-of-feeders
Absolutely, the type of undergrad school you choose will not solely be a factor as to whee. But there is absolutely, 100% no doubt that WS firms have particular target schools. If Lehigh places as many as H, then please add to my list, perhaps I missed some. Anyways, I found general census on Lehigh, Babson, Villanova, etc. schools here: http://www.wallstreetoasis.com/forums/targetsemi-target-non-target-schools
I can also point you to countless articles like this:
http://www.cnbc.com/id/41354100
Or this:
http://poetsandquantsforundergrads.com/2015/02/04/the-top-feeder-schools-to-wall-street/
Or this:
http://money.cnn.com/2014/10/02/investing/investment-banking-job-linkedin-upenn-georgetown-yale/
@PartyNextDoor You keep reverting to other websites as though they are gospel. Just because it is on the internet doesn’t make it true. It just looks like other students and baseless opinions on click sites.
Moreover, what is your definition of Wall Street? What is their definition? The training programs for the Series 7?
I’m a parent working in private equity for the last 30 years and in my “Wall Street” LAC grads are about 50% of those hired, from Econ to Philosophy.
My advice is don’t pick your school based on where BankAmerica recruits on campus. Companies like that are just looking for warm bodies.
BTW, Notre Dame is consistently ranked #1 by Bloomberg, and next to Wharton is the hardest program to gain acceptance.
Bates ranks highly by faculty scholarship in economics (13th in its category), and compares favorably to Amherst (18th), also mentioned on this thread. (“Economics Departments at Liberal Arts Colleges”; from IDEAS, available online.)
https://■■■■■■■■■■■■■■■■/edu/rankings/us/undergraduate-investment-banking?trk=edu-rankings-ctg-card
Note that Williams and Swarthmore aren’t in the top 25, but Middlebury is.
@PartyNextDoor your list is very flawed. Being a top school does not necessarily translate to being a target school. Stanford is one of the strongest schools in the country - most people given the option would probably pick Stanford over most Ivy Leagues and yet Stanford is not a huge target for finance recruiting. Met many Stanford students that have had a difficult time getting into finance out of undergrad, Berkeley is multiple times better than Stanford for finance recruiting / the opportunities you get in finance.
As someone that has successfully gone trough finance recruiting process with tons of great firms - the best schools for finance recruiting out of undergrad are the following:
Tier 0: Heavy overrepresentation in front-office at almost all firms
UPenn, NYU, Michigan, Cornell, Harvard
Tier 1: Consistent heavy recruiting target schools at most firms
UVA, GTown, Berkeley, Emory, Dartmouth, Duke, Columbia, Notre Dame, Princeton
Tier 2: Target at some firms / Semi-Target at most firms
Yale, Stanford, Brown, USC, UCLA, Top LACs (Middlebury, McKenna, Colgate, Williams, Amherst, W&M, W&L), UNC, Indiana - Kelley (If in the IB workshop you are almost guaranteed an IB Spot), UT Austin (BHP students highly targeted by firm), BC, Wash-U, UChicago, Northwestern
Note this is only for finance recruiting not reputation. Clearly some Tier 2 schools like Stanford are academically better than Tier 1 and Tier 0 schools but that doesn’t always translate to exceptional finance recruiting.