<p>“What I said was poorly phrased. Let me replace the “prestige of their school” with “mysterious favorable light in the eyes of banks.” I don’t disagree about the prestige of Cal, UMich, UChicago, etc. They are as prestigious as the Ivies, and offer just as good of an education.”</p>
<p>I am glad we can agree on this.</p>
<p>“However, despite your argument in various other threads, I don’t think they are in as favorable positions as Harvard, Princeton, Dartmouth, Stanford, Yale, Columbia, etc. in the eyes of bankers. I don’t even want to speculate about the reason, there already a lot of threads in the investment banking section that do that.”</p>
<p>I admit fully (and always have that Michigan as a whole is not as effective as Harvard, Princeton and Wharton at placing students in IBanking jobs. However, Ross is special and is as effective as virtually any other college or university, placing anywhere between 100 and 150 students (out of 350 graduates) in IBanks annually. More than half of those are placed in BB IBanks. I also think that many colleges and universities exaggerate their effectiveness . Other than Harvard and Wharton, I don’t think any college or university places more students (in terms of sheer number) into IBanks than Ross.</p>
<p>“People I talked with who are attending UChicago these couple of years said that most people there (including physics majors) are intensely desiring investment banking, or even better PE and hedge fund, jobs.”</p>
<p>PE, Hedge Fund and VC jobs are in high demand, but no university (including Harvard) will place more than 10-20 undergrads into such firm in any given year. And even if many Chicago students intensely wish to get jobs in IBanking, far more wish to pursue different career paths.</p>
<p>“Also, your experiences are probably influence by your time at UMich. My experiences at an Ivy gave me a perspective quite different from yours. The way I look at the situation is, students nowadays, just as back when I was in college, are often interested in thinking deeply about things and to apply analytical rigor to problems. Many believed that only math, science, economics, and engineering could have offered that to them prior to enrolling in college, but they realized, while attending college (at least most of ones attending the Ivies from my observation), that finance and law can force them to think about difficult quantitative and analytical problems as well. Since they are really interested in thinking, not any subjects themselves (since they get a sense of accomplishment from solving problems, not solving problems in specific subjects), they opt for the subjects that lead to jobs that pay extremely well. I don’t see why that is unfortunate for them.”</p>
<p>My experience was similar to yours. Whenever you release thousands of brilliant and inquisitive young minds in an intellectually vibrant setting, interesting things will happen. But even then, as a percentage of the total, not many students wish to pursue careers in IBanking and Finance. It really does take a specific person to wish to pursue such a career.</p>