Ross School of Business Job Placement

Colleges and Universities A-Z University of Michigan
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<p>How does the Ross business school fare in terms of job placement at Wall Street? Do as many students get interviews as they do at, say, Wharton? Do the BB firms come to the campus itself to recruit?</p>

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<p>No Business program or university (other than Harvard) can match Wharton where job placement on Wall Street is concerned. </p>

<p>This said, Ross does very well. Its students are given virtually every opportunity to interview for front office positions and every single major BB firms recruits on campus. </p>

<p>As a comparison, in the last five years, Wharton placed 575 graduating seniors into the following top BB firms: Citigroup, Credit Suisse, Deutsche, Goldman Sachs, JP Morgan, Morgan Stanley and UBS. Ross placed 275. Keep in mind that Wharton has a class of 600 seniors compared to Ross’ senior class of 350. As a percentage of their overall graduating class, Wharton places a whopping 19% of their seniors in those major IBanks compared to 15% at Ross. The difference is not great, but Wharton definitely does better.</p>

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<p>Thanks. I also heard that OOS applicants have a very low chance of getting into Ross after the first year, if they are not admitted pre-admit. This is because they give priority to in-state applicants. Hence, in the end, very few actually make it to Ross. Is this true?</p>

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<p>

You heard wrong. That is absolutely not true. FWIW, most of the Ross students from my area got in after the first year. If they are not biased against internationals, why would they treat OOS differently?</p>

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<p>That is not true. Ross does not give priority to in-state students. Unlike LSA and CoE, Ross is under no obligation to give priority to in-state students.</p>

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<p>False. For FT recruiting this past fall: BofA and GS only for middle office/commercial banking, JPM only for back office, UBS and CS not at all. It’s been better in the past though.</p>

<p>Edit: Oh, and BarCap not at all.</p>

<p>Great top boutique presence though.</p>

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<p>Giants, are you referring ot LSA or Ross?</p>

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<p>^
He’s referring to Ross. Quite a few BBs didnt show up for FT this year.</p>

<p>However, you need to consider the circumstances.</p>

<p>The only ones that legitly chose not to come are BAML and Barcap, who never realy came to Michigan. (BAML coming for SA this year though, at least for S&T)</p>

<p>JPM’s class was basically full from their SA class. UBS and CS were internal referral only this recruiting season, again due to the large SA class size. Deutsche S&T didn’t come, again, because they overhired SA and S&T is hit pretty bad. So none of this is unique to Ross.</p>

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<p>Bearcats and giants, obviously, I am not referring to exceptional cases.</p>

<p>Alright, perhaps I should rephrase.</p>

<p>“…most years, financial meltdowns and global depressions being the exception (when IBanks cease hiring altogether and actually terminate huge chunks of their workforce), every single major BB firms recruits at Ross.”</p>

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<p>^Lol ok. He has a point though that BofA and BarCap don’t really come to Michigan in general.</p>

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<p>BofA only became a major player in late 2008, when they bought bankrupt Merrill Lynch. Same thing with BarCap, which only became a big player when it acquired whatever was left of Lehman Brothers’ cracass!</p>

<p>Before 2008, both of those entities were relatively small. Still, I recall seeing Bank of America hire from Ross for several years, but I am not sure if it was for IBanking.</p>

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<p>True. Times have changed though. Who knows if recruiting will return to what it was if banks like headcount where it is. Will all depend on if/when business will pick up. Economy isn’t exactly roaring back.</p>

<p>Was there a Merrill/Lehman presence at Ross pre-2008, anyway?</p>

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<p>Lehman Brothers was definitely present. They used to hire a handful of Ross students annually. In 2008, they hired 9 unfortunate Ross undergrads! Bank of America hired 5 in 2008. In 2007, Lehman Brothers and BoA each hired 5 Ross undergrads. In 2006, Lehman hired 4 Ross undergrads and Bank of America hired 6. </p>

<p>As a side note, I was hired by Lehman Brothers from LSA back in 1996.</p>

<p>I am not sure about Merrill.</p>

<p><a href=“http://www.bus.umich.edu/pdf/EmploymentProfile2008.pdf[/url]”>http://www.bus.umich.edu/pdf/EmploymentProfile2008.pdf&lt;/a&gt;&lt;/p&gt;

<p><a href=“http://www.bus.umich.edu/pdf/EmploymentProfile2007.pdf[/url]”>http://www.bus.umich.edu/pdf/EmploymentProfile2007.pdf&lt;/a&gt;&lt;/p&gt;

<p><a href=“http://www.bus.umich.edu/pdf/EmploymentProfile2006.pdf[/url]”>http://www.bus.umich.edu/pdf/EmploymentProfile2006.pdf&lt;/a&gt;&lt;/p&gt;

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<p>Yea that makes sense that Lehman recruited. Know a kid who interned there one summer, and met a MAcc student who was hired by them out of the BBA program (and then unfortunately laid off).</p>

<p>Were you in their IBD, btw? Product/coverage?</p>

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<p>FWIW, Merrill never came to Michigan pre-merger. BofA used to recruit back/middle office.</p>

<p>Lehman used to come but Barcap never did, and looks like they went with Barcap’s campus recruiting map post merger.</p>

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<p>merrill used to recruit back/middle office, if that counts (it shouldn’t)</p>

<p>boa did recruit front office some years, but it wasn’t exactly the most desirable place to work pre-merger</p>

<p>Actually there was internal talk at Lehman that they were considering dropping michigan as a core school right around the time they went under, so you can’t blame the merger on why they don’t recruit here anymore. Barcap does recruit for its chicago ibd office, if that counts (again, it really doesn’t because that office is bad even by chicago standards)</p>

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<p>I know of a '08 Ross grad working for Merrill (mid-office by choice) in NYC. I also know of two '06 BBAs with offers from Merrill and I bumped into a couple MBA grads at Merrill here. Apparently they did come on campus before but that might not mean much now.</p>

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<p>Ironically, one of the two founders of Merrill Lynch (Charles E. Merrill) attended Michigan Law school a little over a century ago.</p>

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<p>Deutsche S&T definitely came, I went to a dinner recruiting event they hosted at Pizza House 2 weeks ago. Umich has 4 people going FT there next year I believe.</p>

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<p>we were talking about full time. The one 2 weeks ago is for SAs. The people going there FT were from the past SA class.</p>