Non-target schools that should be target schools.

Career Opportunities & Internships Investment Banking
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<p>I've never understood why a school like UT Austin wouldn't be a target school for BB trying to recruit analysts. According to US news, UT is ranked #6 in undergraduate finance, and #1 in u undergraduate accounting.</p>

<p>Finance</a> | Rankings | US News</p>

<p>Why would an investment bank prioritize a school like Georgetown over Austin? Austin is just one example, but there are many other strong schools that are overlooked despite passing up "target schools" like Cornell. I've never understood this, but if anyone could offer a thorough explanation I would greatly appreciate it. As a rising junior in highschool, I'm trying to figure out what type of schools I should be shooting for to have a future in Ibanking.</p>

2

<p>It’s overall prestige. Top targets are Harvard/Wharton/Duke/MIT/Dartmouth/Yale/Columbia/Stanford,etc. Some schools are semi-targets, or in other words, get more regional recruiting. Northwestern and Rice are great for Chicago and Houston respectively, though it’s still possible, but difficult to get an NYC gig. Then again, UT still does great. Top publics like UT, Michigan, UVa, etc. all fair pretty well compared to non-targets. You can still make it from these schools. Ideally, you would want to go to an Ivy or Duke/MIT/Stanford. Michigan has Ross, UVa has McIntire, and UT has McCombs, which are also great. Also realize that the talent pool at elite privates is much deeper than at other schools.</p>

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<p>UT is a semitarget but mainly sends its students to houston. It also has to do with alumni too. Not as many alums in nyc from ut compared to other more prestigious schools</p>

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<p>Theoritically, all schools should be considered because there are very bright, motivated students BB’ s would want to employ at many schools. But if a student can (1) get in to one of the targets and (2) do well, the BB’s already know the students are smart and motivated. IF they can then get selected for an internship and do well, much of the guess work of a new employee has been eliminated. </p>

<p>In other words, the BB’ s use the target colleges and their own internship selection criteria to help them choose who to offer jobs to. It’ cheaper and lowers the risk.</p>

<p>But, of course, there is still no guarantee to the BB. Some, many (?) analysts still lose their job.</p>

5

<p>UT Austin is a top target school for Houston shops. Many, many people have additionally gone on to work for NYC BB IB from UT Austin with a bit of networking. It may not have the Ivy League pedigree but successful students from UT Austin can still do just fine.</p>

6

<p>Cal, Stanford and UCLA are target schools for the West Coast</p>

7

<p>lol@ using undergraduate b-school rankings as a gauge for IBD recruiting. The only true BB target ranked in the top 10 of USNWR is Wharton, and to a lesser extent Stern + Ross. </p>

<p>You would be better served looking at these posts to determine what schools will lead you to a more definitive path to banking:</p>

<p><a href=“http://www.wallstreetoasis.com/blog/what-banker-careers-really-look-like-the-data[/url]”>http://www.wallstreetoasis.com/blog/what-banker-careers-really-look-like-the-data&lt;/a&gt;
<a href=“http://www.wallstreetoasis.com/forums/top-university-producers-of-investment-banking-analysts[/url]”>http://www.wallstreetoasis.com/forums/top-university-producers-of-investment-banking-analysts&lt;/a&gt;&lt;/p&gt;