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<p>Can Chicago even compete with Berkeley in this area? I though Chicago grads don’t get into top companies. </p>
<p>ill someone show us where Chicago grads do after college?</p>
<p>^ Are you serious, RML?</p>
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<p>Well, my main criticism with your comparison is that you’re comparing data with a pretty big gap. Your former link likely takes data from 2012, and the latter link takes data from up to 2009. So the gap in four-year graduation rates can be explained by different graduating classes.</p>
<p>I think it’s also interesting to see the huge jump your first link notes:</p>
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<p>that extra quarter probably also increases their five year graduation rate. Why they need that extra quarter I don’t know. Maybe it’s due to studying abroad, or maybe it’s due to engineering? A few people I knew in my department chose to take longer to graduate and some chose less time. So I’m not sure why, but for whatever reason, many students stay an extra quarter.</p>
<p>Your second link is also interesting and helps strengthen my earlier point. Asians at UCLA had a 67-77% four-year graduation rate; White students at UCLA had 70-77% 4 year graduation rate; black students at UCLA had anywhere from 40-57% four year graduation rate; and Hispanic at UCLA had a 55-63%</p>
<p>So as I noted in an earlier post, taking first-generation college students or students from low-income families (which are disproportionately black and hispanic) probably lowers four-year graduation rates.</p>
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Chicago’s economics department maintains listservs for internship and job opportunities. I don’t have an account for the jobs listserv, but I can view the archived internship listserv. That may indicate what kinds of employers are interested in hiring Chicago students straight out of college. </p>
<p>Employers listed since January 2013 include Adobe, Alliance Bernstein, Allstate Insurance, AQR, Bain & Company, Berkeley Research Group, Boston Consulting Group, the Chicago Fed, the Congressional Budget Office, Convex Capital Management, the Cook Co Public Defender’s Office, Cornerstone Research, FDIC, HUD, Moneythink, Morgan Stanley, the New York Times, Nielsen, Phoenix Funds, Principal Financial Group, The Greatest Good, the Treasury Dept., and the Zurich Group.</p>
<p>This list suggests that econ majors at Chicago find internships, and presumably jobs, with a wide variety of employers (including market research firms, hedge funds, management consultants, insurance companies, banks, and government agencies). </p>
<p>No one can say if you goto X and you will get a job in Y. All I said is if you do well in either school you will get more than one job offers. Or if you did a 2.0 GPA just barely graduate, the job prospect is pretty dim.</p>
<p>UCB, don’t mind RML’s dribble…=). He probably didn’t even realize McKinsey was created by a Chicago prof.</p>
<p>Seriously, there’s a reason why Chicago isn’t posting the career placements of their graduates. If they do well, they would publish it. </p>
<p>TK, interns do not necessarily and automatically get full-time jobs. </p>
<p>Blah, yet McKinsey absorbs more HBS, INSEAD and Wharton grads than they do Chicago grads. You didn’t know that? </p>
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<p>Not really. The twelve quarter graduation rate is for students graduating in 2011-2012, but the four year graduation rates refer to students entering the specified years. So the twelve quarter graduation rate for students graduating in 2011-2012 should be compared students entering 2007-2008 (with some entering earlier and graduating in twelve quarter spread over more than four years).</p>
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<p>A lot of well known universities do not make public the post-graduation survey results of their graduates, for whatever reason. Many that do give only high level overviews, without details by major and the like. These include some universities that are well known targets for investment bank recruiting (far more so than either Berkeley or Chicago), where the survey results would presumably show high placement and pay rates of graduates going to employment.</p>
<p>While it would be good if more schools did offer access to post-graduation survey results, the absence of such does not necessarily mean that they are poor, since probably the majority of schools do not have much publicly viewable information of this type.</p>
<p>Also, survey methodology does vary between schools, so one must use care comparing results between different schools.</p>
<p>your point RML?</p>
<p>Booz, founded by a Northwestern student doesn’t hire the majority of its consultants from Northwestern either. McKinsey and the top consulting firms are progressive and smart enough to hire objectively from the best schools (Stanford, Harvard, Wharton, Columbia, etc.).</p>
<p>Nonetheless, Chicago does outplace Berkeley for McKinsey. As do most of the ivies, Duke, and Northwestern. </p>
<p>If you want access to that data, perhaps you should get off this site and beef up your logical reasoning skills prior to applying.</p>
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<p>That is what Chicago provides on its career advancement pages. </p>
<p>Even at the most actively recruited schools, the number of alumni hired straight out of college into firms like McKinsey is very small (in the teens, maybe). I would imagine that at Chicago (or at Berkeley, Northwestern, UVa, half the Ivies, etc.) that number must be in the single digits (at best).</p>
<p>RML probably is right, though. Universities tend to document (and crow about) the things that matter to them and the things they are good at. When it comes to high finance career placement, Chicago isn’t Wharton.</p>
<p>^Then again… only Wharton is Wharton :D. it’s like saying, when it comes to …, X isn’t Harvard. :D</p>
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<p><a href=“Out of Harvard, and Into Finance - The New York Times”>Out of Harvard, and Into Finance - The New York Times; shows rather substantial percentages of HYP graduates going into elite banking and consulting employment.</p>
<p>Since when getting a job at McKinsey become the goal to attend a college? If so, no one should go to a “business” oriented school other than Wharton, even that is not a sure thing. As a matter of fact, most successful businessman did not go to McKinsey and not everyone went to McKinsey are successful.</p>
<p>I think you guys are too nit picking. </p>
<p>^^
The linked article refers to “elite” schools and “elite” students. I don’t see any reference to “elite” jobs. Surely not every job in the financial services sector is “elite”.</p>
<p>As the author of that NYT article explains, “each school categorizes the jobs of its graduating seniors in different ways, so we can’t compare them to one another.” I don’t know if it would be feasible some day to have a CDS-like reporting standard for outcomes. Maybe. Meanwhile, what counts as a “finance” job? What counts as a “top company” when we compare school performance?</p>
<p>The ~500 Wharton class of 2013 graduates accepted 12 offers to work at McKinsey. Well, Wharton’s program is specifically tailored to business & finance. The numbers I’ve seen for UVa and Georgetown are down in the single digits. Maybe they are somewhat higher for Harvard or Princeton. If we wanted to count all the McKinsey-class “top companies”, which ones would we include? On what basis? Would we exclude government agencies? The internships I cited above included one for quantitative analysis to set damage awards in lawsuits. How should we categorize that kind of work?</p>