<p>NewEnglander23 - Do you know what the stats are for the recruited here?</p>
<p>I wish there was some concrete evidence for this UBS this as opposed to just relying on people's words and rumors. Not that I don't trust you or anything.</p>
<p>I will make a note that I attended Columbia's actuarial career fair this Monday and employer's respected UConn very highly. There were also many students there with backgrounds from Columbia / Stern / Wharton / Cornell. But then again this was an "actuarial" career fair.</p>
<p>kotchian123- I am just curious if you are a college student or a high school student. If you were an investment banker I'm pretty sure you wouldn't be saying the same thing. I don't have any stats other than word of mouth. (I've asked co-workers, too). Additionally, living in the state of Connecticut I know many people who have gone to UConn. When I asked about Finance, I was told that many people at UConn find investment banking jobs in CT and in Boston. </p>
<p>The point is, these are all good business schools listed. Not everyone is smart enough to go to UMich or NYU. This doesn't keep anyone from a position. </p>
<p>As for the original topic. I'm in a similar situation with a few other colleges involved. Personally, I'm leaning towards Rutgers for its close to NYC location.</p>
<p>P.S. I'm going for accounting.</p>
<p>I have a an aquaintance at UBS who was a Yale Intern and he said that UBS rarely recruits outside of core schools (ivy /top30/etc..)And my sister works for UBS as a private equity banker after switching out of the IB division and she didn't see any UConn grads. </p>
<p>Which means that it's their word against yours. Unless you have some kind of stats, you're argument is no more convincing then mine</p>
<p>kotchian123 I feel bad for you. This is not a good year for a finance major to be looking for a job due to economic turmoil. Of course UBS hires people that went to Yale. They probably have people who went to tier 3 schools. Doesn't mean they are going to completely neglect you. </p>
<p>My father wouldn't lie about something like that. Besides you can always end up selling yourself for less than a Yale graduate to get a job. If you really want to get that "top" job. </p>
<p>Besides if you really want to look further in life. Each of those colleges are going to get you a decent job. If you really want to have the "top" job. Than you are probably better off getting work experience and than going after your MBA. </p>
<p>These are words of advice from my uncle who is Treasurer of Nike. However, a college student with stats probably knows more.</p>
<p>I just want to throw out that I want to be an accountant, not an investment banker. But I'm pretty sure you don't have to go to Ivy league to be one.</p>
<p>UConn and Rutgers are about even in their NY connections, I assure you. I got into both business schools, opting for UConn due their world class faculty in finance, amazing facilities, and the fact I was in-state. Many of you are not realizing that investment banks take in a ton of real estate majors.... a major UConn is top 5 in. The career office does not see real estate majors, because the real estate department does their own placement. Also, UConn's real estate department was recently ranked in a survey as #1 in the country with the #1 research professor, as well.</p>
<p>My recommendation would be to go to the school from your own home state. You would be a complete fool to go to a state school outside your own state, unless the name of the school was UNC, UC Berkeley, or UVA! It is a great feeling graduating with little to no debt.</p>
<p>As for you kotchian123, stop being a know it all. I currently work with a couple of people like you, and nobody likes them. In the real world its the MBA, CPA or CFA that separates you, not the undergraduate degree. Go to career section at UBS.com, and you will see under undergraduate and mba placement opportunities that UConn is one of their 25 target schools.</p>
<p>where did you find the mba and undergrad placements?</p>
<p>I should also note that UBS also funded the construction the business school at UConn. ING also made UConn its #1 recruit school in the country ING</a> Names UConn Priority Recruiting Partner - University of Connecticut Foundation . UConn recently brought in a new dean, who previously was dean of one of the best business schools in Asia. The business program is going to skyrocket in the rankings in the next few years... just watch.</p>
<p>Oh, we will...</p>
<p>Omniscient,</p>
<p>I'll admit that my first post was a bit aggressive and of an "imperative" tone for which I take responsibility but as you can see my other ones have been modified to tone down a bit. Let's all discuss this in a manner w/out having to attack each other.</p>
<p>I never insulted other people directly or the integrity of UConn. I already stated that in my opinion, UConn has fabulous accounting / actuarial reputation - just not one in IB's. Here's why:</p>
<p>1)Most of the entry level IB placements that occur at UConn are due to students networking outside (assist. director of the biz. career office whom I spoke with told me that and many have of these have family connections).</p>
<p>2)If you claim that a college is "successful" in placing grads on the street in IB; then I don't think it's unfair to expect at least some IB's recruiting at the career fairs. I don't see a single IB at the UConn career fairs. </p>
<p>Also, this thread is in reference to entry-level jobs so you post on MBA's is irrelevant. I also don't understand why you said that undergrad. doesn't matter and that CFA / MBA is more important - of course this is true. But again, we are discussing entry-level ops here.</p>
<p>One might argue, that career fairs aren't important if you can network and I don't necessarily disagree. However, if one is claiming that their college has successful IB entry level placements - then I think that their career fairs need to reflect that. Career fairs are designed to make the job hunting process more flexible, easier, and far reaching so that many students can take advantage this - not just the select minority who have phenomenal networking skills. It is the substantial part of the student body that benefits from successful career fairs.</p>
<p>This is once more the problem that I have with UConn biz. career fairs - they don't attract IB's.</p>
<p>And the reason for this discussion to go one is? This thread turned into bickering solely about UCONN....</p>
<p>I hope you all know that investment bankers work between 90 and 130 a week on average. They make amazing money, but never really have time to enjoy it. A buddy of mine, who has worked a couple years as an IB for Deutsche Bank, often tells me that he has little time to do anything else. He sleeps at the office 3 days a week, and is on prescription medication due to the stress. I got an offer to work for Credit Suisse as an IB, but felt financial advising was more suited for me. Both jobs have the potential to make great money, but do not decide on the career just because of the money expectations and/or prestige... which, unfortunately, many of you will do.</p>
<p>Kotchian... IB recruit mainly from the top 15 or so finance programs. The rest of the schools have to rely on a few connections here and there to place their students. IB focus more on MBA grads. From what I understand the breakdown is around 90% MBA/10% Undergrad in terms of recruiting. Very few undergrad students, even at the elite schools get IB offers right out of college.</p>
<p>Omni,</p>
<p>I'm glad to see our conversation has become a bit less vicious. I will say however, that I disagree with your post and here's why.</p>
<p>You seem to be placing some kind of a "MBA driven job force" kind of thinking here. First, let's understand what's going on and where the confusion arises. There is something called entry level recruiting and recruiting into the associate positions (one step up the ladder). </p>
<p>You're right top MBA's can hit associate positions but what does that have to do with anything? We're talking about entry-level jobs here. Are you saying that far more MBA's are recruited than entry level people? First MBA's are recruited for associate positions. So now you're saying that far more associate (senior to entry-level positions) are open than entry level positions. That's not true. It's market economics - there's going to be a bigger demand for entry-level bankers each year than the executive positions. There are fewer positions for execs and hence overall; you'll have a greater amount of entry level recruits. So you're percentile break-down makes no sense. Do you see where I'm coming from?</p>
<p>Getting into an entry-level IB is far from impossible and no it is not restricted to top 15 finance programs. I would argue that top 30-35 college (overall ranking) can get you in. Even a college like Colgate / Rice has career fairs that attract some IB's; even though it may not be as many as what Wharton / Haas attract.</p>
<p>You make IB sound intimidating and though competitive, tt is very realistic. In fact, these days certain niche engineering jobs (example Google / Microsoft) and Management strategy consulting jobs (Mckinsey / Bain / Monitor) are more competitive than getting into IB entry positions. </p>
<p>Every year, a substantial amount of students get IB positions from top 30 colleges. I know of a family friend who graduated from Bard College and landed an IB entry position at Lehman brothers. My sister worked 4 years in i-banking and switched out to private equity. She reached the associate position without an MBA and many of her colleages who were entry-level were recruited from top 30 schools.</p>
<p>You make it seem like IB entry level is some kind of Uber niche rare field. While it is competitive, a substantial amount of students get in every year and it is doable but you have to go a somewhat recognized college. Take Indiana Kelley for example. Close to a hundred students a year (probably more) get into ibanking. Or Rice or Boston College. Or even UT. These colleges have a foot in the recruiting door - they're career fair DOES attract IB's.</p>
<p>From what I've seen at UConn, it does not have this capability.</p>
<p>How old are you? Are you still in high school?</p>
<p>I'm in my last semester at UConn. I graduate this May and will be entering the job force.</p>
<p>What was your major?</p>
<p>Kotchian, </p>
<p>Early I'm pretty sure early you said your cousin worked at UBS, after like going to community college.</p>
<p>I hate to ask this question, but have you been high the entire time in this thread. You change what you say everytime you post.</p>
<p>P.S. We shouldn't take you seriously, you know less than us. You haven't even worked for a year.</p>
<p>I hope you all know that UBS, Goldman, Deutsche, Morgan Stanley, JP Morgan and other big name institutions are called financial services companies today. Meaning that investment banking is only one segment of their business. Just because a recent grad works for one of these companies does not mean they are investment bankers.</p>