<p>Hi Everyone,</p>
<p>Thanks for visiting this post. </p>
<p>Which school offers the best chance to get into Investment Banking, TCNJ, Baruch, or Rutgers?</p>
<p>If you were a recruiter at an investment bank and three students, one from each of the mentioned schools, applied for an analyst position, who would be hired? (Lets say they all have solid GPA's)</p>
<p>I went to college with a guy that was an analyst at Goldman, and he told me that most of the people in his analyst class were from the blueblood colleges (i.e. Harvard/Yale/Stanford).</p>
<p>Since you won’t be coming from a blueblood college, I would try and go to the school that gives you the greatest opportunity to network your way into an i banking job. It’s just my opinion, but I would think that a larger school like Rutgers would be the best choice.</p>
<p>If you don’t go to an Ivy or a select few, then state flagship is your best option.</p>
<p>Getting an investment bank job at any of those colleges would be very difficult. I’d pick Baruch out of your schools because they are strongest in business. It will be easier to break into a Big Four Accounting Company (Deloitte, Ernst & Young, etc.) by doing well. For Investment Banking, you will need to network extensively.</p>
<p>Another approach you can take is to get an Accounting degree from a good school, spend 3 to 5 years at a Big Four firm in their Transactions Services group, and then go back and get an MBA from a top tier school. I know several people that did this, and many of them got offers as Associates at some of the better i banks.</p>
<p>"If you were a recruiter at an investment bank and three students, one from each of the mentioned schools, applied for an analyst position, who would be hired? (Lets say they all have solid GPA’s) "</p>
<p>The one that did best in interviews.</p>
<p>How do you know you would like to do investment banking? And you could transfer to a target school (visit wallstreetoasis for real details about this) and that would be your best shot.</p>
<p>In regard to the above suggestion to transfer to a target school—remember that the admission rate of transfer to Harvard College is 1%. Princeton took zero transfers this year (due to over enrollment).</p>
<p>it’s pretty much impossible unless you have fantastic connections to a md at the bank, a 3.8+ and nail all of your interviews.</p>
<p>out of the three: Rutgers</p>
<p>Bill 73 nailed it.
Private equity is a little more open to graduates without Ivy credentials than investment banking. Fairfield and Fordham provide excellent internship opportunities in NYC and have graduates entering private equity firms.</p>
<p>Actually, as someone in the financial field, I can say with confidence that investment banks are not an exclusive Ivy League club. There are plenty of investment bankers from other schools, especially the big state schools. One of the most successful investment bankers I ever met graduated from the University of Arizona. The real question is are the investment banks hiring. The truth is that it is a tough market out there. Believe it or not one of the best things that you can do to make contacts in investment banking is to play lacrosse.</p>
<p>Rutgers… and Osakadad I thought golf was the official banking networking sport?</p>
<p>Osaka,</p>
<p>You can definitely break into the industry from other schools, but I have also had friends tell me that a majority of the members of their analyst start group were from the blueblood schools - Ivies, Duke, Northwestern, etc.</p>
<p>I also know of a banker that is now a managing director at one of the premier i banks and he started college at a directional state school where the average ACT score of the student body was a 21.</p>
<p>Post #6 of this thread describes elite investment banking internship recruiting at Berkeley:
<a href=“http://talk.collegeconfidential.com/university-california-berkeley/1321246-economics-investment-banking.html[/url]”>http://talk.collegeconfidential.com/university-california-berkeley/1321246-economics-investment-banking.html</a></p>
<p>For background, Berkeley is a large state university, but more selective than others. Both the economics and business (“Haas” is the name of the business school) majors are impacted, and students entering as freshmen must apply to declare those majors. The business major is significantly more selective. The economics major offers high-math and low-math options, with about three fourths of the students choosing the low-math option, but the low-math option is more math-heavy than the business major.</p>
<p>Basically, the post says that elite investment banking internship recruiting at Berkeley focuses on business majors (remember, it is very selective to get into the business major) with math-heavy majors (not so much economics) also being considered. But even then, the odds are not favorable – the post says something like 3 out of 150 applicants got elite investment banking internships.</p>
<p>@Ivygolfer – Yes! Golf is the universal pastime for business. However, lacrosse has a special significance for new recruits and getting jobs from a real inside network. Read this very timely article: [Wall</a> Street’s Lacrosse Mafia - Businessweek](<a href=“Bloomberg - Are you a robot?”>Bloomberg - Are you a robot?)</p>
<p>@Bil73 – I followed the route that you outlined, but in a different way. I got the MBA and then worked as a consultant for Arthur Andersen and Deloitte where my last position was as a director. After that, I went into finance. I had special skills that were needed so the fact that I did not go to an Ivy for undergrad and got an international MBA was irrelevant to my employers. They needed my language and intercultural skills as well as my experience working in multiple foreign tax jurisdictions (transnational estate and investment planning). Today, as a financial planner at least half of my clients are international mostly from Asia.</p>
<p>By the way, my vote goes to Rutgers as well.</p>
<p>The second page of that article implies that lacrosse helps select for inherited socioeconomic eliteness of the type that perhaps may not be sufficiently selected for at elite universities (in the eyes of those recruiting).</p>
<p>Fauve, transferring to Harvard or Princeton is not needed here. The transfer option can be used to go to Northwestern, Duke, and other target schools. Targets are not necessarily Ivies. Ex: NYU Stern</p>
<p>Yes, the article clearly states that lacrosse helps select for inherited socioeconomic eliteness. The world of finance has never been particularly egalitarian. Even today, it is a very Caucasian male dominated profession with few of these guys coming from underprivileged backgrounds. There are some notable exceptions. For example, I have a star colleague that grew up in a trailer park in Oklahoma. Then again, he was All American in football and leveraged the experience into a career in finance. Very, very smart guy with a competitive spirit that is second to none. My office is multicultural and to an extent multiracial. But unfortunately, there are few women. Our new managing partner is the first non-white to ever be promoted to the position. He is Chinese American. Since I am in California, we also have many South Asian associates. Those with business degrees are prevalent. However, there are a number of folks that majored in engineering, mathematics and or sciences. Statisticians and econ majors also find their way into our profession too.</p>
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<p>Hmmm, is that because it is not physically demanding, and the relatively high cost of playing golf serves as a status marker?</p>