<p>Is it reasonably possible for me to get into investment banking from DePaul? (assuming, of course, that I have a good GPA)</p>
<p>to be sincere it is unlikely man, I know people with 3.8 from my school who didnt get interview—agreed my school isnt one of the superbest but it is the next best things.</p>
<p>Thanks for the response. What school do you go to?</p>
<p>I agree with both vincere and bpko. It is a lot tough to get into IB from IU than from HYPS or Wharton. But about 17% of those who make it will have the same salary as the others from HYPS or any. Nobody discriminates according to school after getting into the job as they are equally qualified or else they would not have been recruited. And as a fact JP Morgan recruited 12 kelley students last year according to Kelley Undergrad career service reports.</p>
<p>You guys are both missing the point.</p>
<p>IU grads may be able to get IB, but not at BB firms. The reason their IB average salary is only 70k is that the firms are either boutique, in secondary markets, or just weak.</p>
<p>You’re right, BPKO, the base salaries are the same but ibankers on the street make 100%+ in bonus, not 10k, thats not even close.</p>
<p>Of course if goldman hires a kid from IU he’ll make the same as a kid from Harvard, that’s not the point…the point is that goldman will very rarely hire a kid from IU.</p>
<p>You are being too extreme, goldman sacs rarely hire at IU is just ridiculous as given to the fact that it is rated as one the top hiring companies in Kelley’s 2007-2008 career services report. But it is true that Goldman or any other BB firms will more from HYPS etc than IU. So, why don’t we just rest the case here and agree?</p>
<p>And about the bonus, BPKO was talking about the signing bonus which is 10K. Actual bonuses range from 60k to 100k.</p>
<p>For Kelley grads hired to BB are they in IBD and S&T or are they in backoffice stuff like Opps and such? </p>
<p>To the OP, evaluate how much your family can afford and do the best you can wherever you go.</p>
<p>Wrong, BPKO was talking about total comp. bonus…thats how its listed on Kelley’s website.</p>
<p>I can see why IU grads don’t get hired to BB IBs that often, or maybe you two are just giving IU a bad name (I believe the latter).</p>
<p>Goldman may, in fact, be a top employer of Kelley grads but that doesn’t mean they are working in IB division.</p>
<p>Please try to keep your posts relevant, it’s annoying trying to collect your errant points.</p>
<p>Vincere, I’m pretty sure that across the board, when schools report salaries for graduates, bonuses are not included, which is why the MIT salaries for IB were so low. Also, most banks are only first switching to the 70k for first year analysts, having been at 60 or 65 the past few years. Of course, with bonuses, total income is well over six figures (though generally not 100% bonuses at the analyst/first year analyst level).</p>
<p>Obviously it’s going to be rough getting to a BB in NYC out of Indiana, it’s rough from everywhere now (I go to an Ivy, have interned at two BB’s, and I’m still sweating SA recruiting next year). Of the OP’s choices, Kelley definitely has the better name, but going to school in the Loop in Chicago has other benefits as well if you’re proactive, especially if paying for Kelley is going to be problematic.</p>
<p>Try reading vincere. I’ll say it again, I do not go to IU.</p>
<p>And here is the link stating that I was referring to only base + signing bonus, not year end included. Your statement that the kelley website referes to it as otherwise is blatantly false.</p>
<p><a href=“https://ucso.indiana.edu/cgi-bin/brochures/Finance.cfm[/url]”>https://ucso.indiana.edu/cgi-bin/brochures/Finance.cfm</a> </p>
<p>What’s that saying about taking the log out of your own eye, O great collector of errant points?</p>
<p>So you’re saying that for some mystical reason, a bank would pay all first year analysts just about the same base + signing, then pay the ivy leaguers more just because they are ivy leaguers at the end of the year? yea right</p>
<p>Here’s a simple solution to your dilemma with this whole issue:</p>
<p>Talk to anyone who works in a BB IBank on the street and ask them if they believe an IU graduate (I’m talking UG) has a good chance of employment at their firm.</p>
<p>The answer will be a resounding “No”</p>
<p>I’m sorry you have this inferiority complex but move along.</p>
<p>You seem to be the one with the inferiority complex, what with all your straw men and squirming out of facts and data that show your general position to be false, and instead declaring a “simple” (yet entirely unscientific) solution of talking to “anyone” at a firm on the street (note you didn’t say people in recruiting or hiring, the only ones who could be trusted to provide unblemished truth backed up with facts and real experience as opposed to hearsay). You provide inadequate defense of your position and, when refuted, refuse to admit it and make another ad hominem or far out claim.</p>
<p>You have taken this whole discussion to be a personal fight and have acted so, attacking those who provide factual and data-based disagreement; perhaps you feel threatened?</p>
<p>I notice you had no response to the link I posted above which proved you wrong (though I did so without using a personal attack and name-calling). The silence is deafening.</p>
<p>This is getting ridiculous. Indiana is a decent enough school, but it’s no target. Can you get into investment banking from there? Yes. Is it going to be easy? No. Is it the best school one could attend to get into investment banking? No, not even in its state. Is it better than Depaul? Probably. Also, as vincere said, in a perhaps abrasive manner, the fact that Goldman and JP recruit there doesn’t mean that their front office, or revenue producing, divisions do. They might, I personally have no clue. Stop fighting like high schoolers.</p>
<p>I do not think it is easy enough to get into IB from any school these days. How is the situation in Brown, BK22889?</p>
<p>Yeah, vincere is right. I know that grads from lower ranked schools CAN get into IB. For instance our local state school UT, with McCombs sends top grads from the program into Banking, but not at an overwhelming rate to the very tip top firms. I mean you can get a banking job but the top is pretty dominated with Ivy grads. </p>
<p>You have to look to optimizing potential, the school that sends more is a better place than a school that sends fewer.</p>
<p>Nobody was arguing the fact that Ivies send less grads to IB than UT or Indiana. It would be pretty foolish to say so. But Vincere was pretty biased in many posts earlier that none from State schools like UT or Indiana make it into IB. Whatever I guess this conversation is over and done with it.</p>
<p>Well, I think what vincere was saying was hyperbole but has some truth to it. Kelley is a legit business school and certainly is really good for corporate finance, but Wall Street is a prestige oriented business. Noone wants to pay 70K to a kid right out of college unless they think they are the best, and so in that sense the best is typically Ivy.</p>