http://www.businessinsider.com/investment-banking-recruiting-report-biggest-takeaways-2018-2
these top 10 institution account for 22% of the total recruiting efforts of the top banks.
As far as I can tell, the analysts did not make any effort towards data normalization. I’d think that the concentration of recruitment and hiring would be more important than its absolute volume.
^ true, if you did that Yale, Princeton and Dartmouth would likely be in the top 10. I am just surprised though that UChicago makes it and Yale doesn’t. Yale class is only 150-200 students smaller than UChicago and it has a much longer and stronger tradition on wall street.
I am a huge fan of Cornell (because both of my kids went there). The reason Cornell is favored by many bulk bracket IBs is because of its size and alumni network. Cornell has 3000+ students/class vs 1000+ at most of other top 20 schools. The way those banks decide where to recruit is how hard their employees (alums) push to get their school on the list. My daughter works at one of those bulk bracket banks and she is now very involved with their analyst/associate programs, she makes a point of pushing for Cornell, as many of alums at her firm.
Those 10 schools account for 22% of the total recruiting efforts, so there are other 78%.
@merc81: I’m not sure why normalization would matter. As a student, you care if banks recruit at your school. Then it is up to you. And what would you normalize by? In the case of UMich and UT-Austin, Ross and McComb would get a big chunk of the IB offers. Probably most. So do you normalize by the size of Ross/McComb?
@PurpleTitan possibly class size?
@Penn95, yes, but who’s class size? Ross/McComb/Stern or UMich/UT-Austin/NYU?
Cornell has an UG business school, but IBs recruit from all 7 schools from Cornell. The IBs do not favor the business school. As a matter of fact, many students from their Hotel school go into IB and private equity.
Larger student population does not necessarily translate into larger IB applicant pool. Schools like Michigan and Texas have very few students beyond their Business schools and their Economics majors who are interested in Banking. I would not be surprised if schools like Columbia and Duke had as many, if not more, students seeking, and applying for, jobs in finance. Penn, Cornell and NYU easily have significantly more IB applicants than Michigan and Texas.
What is this report measuring?
Campus visits? Interviews? Job offers?
What gets counted in the numerator and in the denominator as a unit of “recruiting effort” or “interest”?
What does “22% of the total recruiting efforts” mean?
(I don’t see a direct link to the original report; looks like you have to search for it on WSJ Oasis.)
Hey
Really interested in IB.
DM me if you have any tips.
@Alexandre where do you come up with this stuff? UT and UM have less students interested in IB then much smaller schools and the data for that is where? The article is virtually worthless without normalization.