<p>How respected is a Northwestern undergraduate on Wall Street? Furthermore, do undergrads get a shot at consulting companies such as McKinsey?</p>
<p>In terms of recruiting, please give your opinions</p>
<p>Thanks</p>
<p>Kellogg is a feeder into M/B/B (not as big on finance), but I don't know about its undergrad recruiting. Some say it's a target while others say it's a semi-target.</p>
<p>I heard it was more of a target.</p>
<p>Undergraduate Recruiting at Vault's Top Six Consulting Firms (McKinsey & Company, Boston Consulting Group, Bain & Company, Booz Allen Hamilton, Monitor Group and Mercer Management Consulting) (from an article a few years back):</p>
<p>Core schools (The term core schools refers to schools visited by firm recruiters, non-core schools refer to schools where the firm has no official on-campus recruiting presence):</p>
<p>Harvard, Yale, Stanford and Penn are core schools for 5/6 of the top 6 consulting firms.</p>
<p>Northwestern, Dartmouth and Princeton are core schools for 4/6 of the top 6 consulting firms (Northwestern and Dartmouth were 5/6 the year before in this particular article but year to year fluctuations of who is a “core school” dropped them to 4/6 the year of this article)</p>
<p>No other school in the US was considered a core school for more than 3 of the top 6 consulting firms.</p>
<p>Northwestern certainly is a target.</p>
<p>Depends what you're going in to. It's great for consulting. not as great for ibanking.</p>
<p>bumpppppppppppppppp</p>
<p>
</p>
<p>remember, this is in comparison to Wharton, HYP, and maybe MIT and Stanford. NU is great compared to almost any other school. just not the best of the best.</p>
<p>so basically it still has GOOD i banking recruiting?</p>
<p>NU may not be HYPMW in ibank recruiting. But it's still good nonetheless. It has two top-10 busines related programs in economics and management sciences (how can it be not good while having a top-10 econ?). It also has MMSS that has long been highly regarded by top firms. With the new Kellogg certificate program in which students take advanced financial economics cources, it's only going to get better. </p>
<p>Below are couple examples of good signs:</p>
<p><a href="http://www.wcas.northwestern.edu/cfs/prospective/organizations.html%5B/url%5D">http://www.wcas.northwestern.edu/cfs/prospective/organizations.html</a>
NU has its own academic internship program called "Chicago Field Studies" and some of the companies that participate in it are GS, JP Morgan, Merill Lynch, Morgan Stanley, and UBS.</p>
<p><a href="http://www.mmss.northwestern.edu/current_students/Internship%20Directory.pdf%5B/url%5D">http://www.mmss.northwestern.edu/current_students/Internship%20Directory.pdf</a> shows that MMSS students had been pretty good at getting internships in top firms.</p>
<p>Yes, it's still good.</p>
<p>Yea, NU is very good</p>
<p>Check this out: <a href="http://www.kellogg.northwestern.edu/certificate/images/brochure200708.pdf%5B/url%5D">http://www.kellogg.northwestern.edu/certificate/images/brochure200708.pdf</a></p>
<p>Since I live by Northwestern, I plan on meeting with kellogg's career counselors to see if they would give any advice on good internships, jobs, or programs for high school kids interested in Business.</p>
<p>
[quote]
remember, this is in comparison to Wharton, HYP, and maybe MIT and Stanford. NU is great compared to almost any other school. just not the best of the best.
[/quote]
</p>
<p>While NW is good, I would certainly add Stanford/MIT/ Mich/ Duke/ Columbia/ Dartmouth to the list of schools that do better. </p>
<p>You can get pretty detailed stats here: <a href="http://www.northwestern.edu/careers/surveyoutcomes/salaries-by-jobfunction.html%5B/url%5D">http://www.northwestern.edu/careers/surveyoutcomes/salaries-by-jobfunction.html</a></p>
<p>31 into banking (IBD+S&T and all firms) is definitely good but the aforementioned schools do better.</p>
<p>mahras2,</p>
<p>Those are # responses and most people didn't fill the survey (in fact, 80% didn't):</p>
<p>The number of responses by job functions are:
Arts 5
Communication 42
Consulting 67
Education 64
Engineering 46
Entertainment 6
Finance 53 (out of those, 31 IBD+S&T)
Military 8
Management/Operation/Legal & other services 39
Science & Research 33
Social Services & Public Policy 32</p>
<p>*TOTAL = 395, which is only 1/5 of a typical class of 2000. *
In summary:
31 out of 395 respondents got into banking.
Out of 53 respondents that worked in the finance sector, 31 got into IB/S&T.</p>
<p>By the way, the new Kellogg program is going to enhance the recruiting, which already looks pretty good.</p>
<p>Actually, the number of guys that got full time positions was 428 students. The number of students that were in full time employment by graduation was 696. Link: <a href="http://www.northwestern.edu/careers/surveyoutcomes/career-by-degree.html%5B/url%5D">http://www.northwestern.edu/careers/surveyoutcomes/career-by-degree.html</a></p>
<p>So the percentage who completed the survey wasn't that low (it was around 60%-70%). The numbers in the survey (the 31 figure for ibd+s&t) also includes MA/PhD kids so the undergrad figure is lower. You can also see that from the high range of the salary for the IBD category. Undergrads don't make 100K in base first year...MA/PhD kids do. </p>
<p>As I said, NW is definitely good (and it has kellogg backing it) so nothing taken there. Just pointing out some figures to show where it stands.</p>
<p>
[quote]
The numbers in the survey (the 31 figure for ibd+s&t) also includes MA/PhD kids so the undergrad figure is lower. You can also see that from the high range of the salary for the IBD category. Undergrads don't make 100K in base first year...MA/PhD kids do.
[/quote]
</p>
<p>On the other hand, the average and median are very much comparable to the average shown by peer schools. So I think it's reasonable to assume the MA/PhD account for only couple or so at most.</p>
<p>Actually I believe around 230 MA/PhDs filled that survey. 110 had full time employment and 14 had offers pending. Not a pittance.</p>
<p>Like I said, the average salary is very much BA/BS like, that's why it's reasonable to assume only a handful of them were MA/PhDs (maybe even only that one data point comes from a PhD). If MA/PhDs made up significant portion, the salary would very likely be higher than that. In any case, you can't draw too much conclusion out of this as 35% of the student body didn't fill the survey. Also, it's unclear to me when the survey was actually filled out; you can't just assume all the 210 ug respondents that were still seeking employment wouldn't get into ib/s&t especially if the survey was filled early.</p>
<p>60-70% of the kids filled out the survey. You are reaching that number without accounting for people who haven't gotten offers, going to grad school, heading to military etc. 35% have full employment (33% at the time of the survey).</p>
<p>I don't know when they filled it out either. Generally people know of banking offers soon enough, so if it was filled out second semester the majority would have filled it out already (BBs would have sent in offers). However, you are correct in this regard and the number is probably larger (54% of the student body was employed at graduation according to this link: <a href="http://www.northwestern.edu/careers/surveyoutcomes/career-by-degree.html%5B/url%5D">http://www.northwestern.edu/careers/surveyoutcomes/career-by-degree.html</a>)</p>
<p>The numbers also look correct. Lot of NW guys end up in the Chicago IBD offices (generally smaller) so its not surprising that the numbers aren't large. NW also has a pretty large contingent moving to grad school which affects numbers.</p>
<p>Bottom line is that NW is a target. I was presenting some numbers here.</p>