Where do the top investment banks recruit from?
Three of the top schools that investment banks consistently interview and hire from include the University of Pennsylvania, New York University, and the University of Michigan at Ann Arbor. Beyond the top schools, the Ivy League schools, such as Harvard, are also key spots that investment banks look to hire from.
| Goldman Sachs | Total | |
|---|---|---|
| 1. Harvard University | 30 | 91 |
| 2. New York University NYU | 31 | 90 |
| 3. University of Pennsylvania | 28 | 86 |
| 4. Columbia University | 16 | 70 |
Target Schools For Investment Banking
The target schools are generally considered to consist of Ivy League schools, top liberal arts colleges (LACs), MIT, University of Michigan, Stanford, Georgetown, University of California - Berkeley, and the University of Chicago.
- LSE.
- UCL.
- Cambridge.
- Oxford.
- Imperial College.
- Warwick.
- Nottingham.
- Bristol.
- New York University (480 alumni)
- Rutgers University, New Brunswick (383 alumni)
- Columbia University (321 alumni)
- London School of Economics (300 alumni)
- University of Maryland, College Park (273 alumni)
- University of Pennsylvania (199 alumni)
- Imperial College London (195 alumni)
- Fordham University (185 alumni)
NYU was the top investment banking feeder school every year between 2012 and 2020, according to WSO annual reports. Harvard University overtook it in the last two years, but NYU finished in a close second.
Among investment banks, Goldman Sachs picked undergraduates most heavily from nearby New York University. Goldman Sachs prefers Ivy League schools, with Cornell, Harvard, and Columbia ranking third through fifth among employees with bachelor's degrees.
If you want a job at Goldman Sachs when you leave university, it will help if you study one of two things: business and economics or a STEM (science, technology, engineering and mathematics) degree. 95% of the summer interns arriving at Goldman Sachs this week have studied one of these two subject areas.
UCLA, for a school with a 12% acceptance rate and considered the #1 public school and a top 20 school, is actually a complete non-target for investment banking and other high finance careers generally outside of LA, and a semi target for jobs even within the LA area.
Analysts at all types of private equity firms earn significantly less than Associates, just as Analysts in IB earn significantly less than Associates. In fact, PE Analysts often earn less than IB Analysts! So, you might initially make less money if you start in private equity.
Is NYU a feeder school?
NYU was the top investment banking feeder school every year between 2012 and 2020, according to WSO annual reports. Harvard University overtook it in the last two years, but NYU finished in a close second. In the 2022 report, NYU is particularly strong at Goldman Sachs (31 graduates) and Citigroup (13).
The private equity and real estate giant plans to directly hire from 44 schools, including historically Black colleges and universities and women's colleges, according to the report. It will continue to recruit from banks such as Goldman Sachs Group Inc.
We are excited to be partnering with Goldman Sachs and the University of Warwick to offer our collective expertise and to increase access to tech careers for talented graduates from a broader range of academic backgrounds.”
I know that LSE is obviously a school that mainly surrounds economics and finance, so it would make sense that more LSE students would get investment banking jobs. Many LSE students get into top investment banks such as Goldman sachs and JP Morgan.
Target universities are the institutions on which investment banks tend to focus most of their efforts in their search for recruits.
Goldman Sachs Careers
Among its top destinations for recruiting in the States are The Wharton School, NYU Stern, Cornell SC Johnson School of Business, Columbia Business School, University of Chicago Booth, Harvard Business School, and Dartmouth Tuck School of Business.
Because it looks good on their resume they are able to find substantially better jobs elsewhere which is a big benefit, but most people leave because they are underpaid and overworked.
“Semi-target” schools, where recruiters may have showed up on campus but are not considered tier-one by the bulge bracket banks, include USC, UCLA, UT-Austin, Emory, Rice, Vanderbilt, Boston College, George Washington University, Washington University, Williams, Amherst, Indiana, Wisconsin, and Illinois, according to ...
Most students securing positions in banks attend 'target' universities which include; Oxford, Cambridge, LSE, Warwick, UCL, Imperial and Durham (in that order).
A college degree in finance or economics is typically the starting point for entry-level jobs at an investment bank. Accounting and business are also common educational backgrounds.
What degree do most investment bankers have?
Most investment banks prefer degrees in finance, accounting, business administration, and other business disciplines. Undergraduate degree subjects are less influential in the hiring process if a candidate has a master's degree in business administration, finance, or another highly relevant subject.
Stanford is a target school. Plenty of banks come to their campus to recruit. However, they are not in the top ten for overall distribution in investment banking. A large part of their student body wants the more "socially conscious" positions at tech and startups.
Only 5 schools make the grade. Even MIT and Cornell don't count, according to the research study. The report says elite law firms, investment banks, and consultancy firms are only looking for recruits from the "top 5," Harvard, Yale, Princeton, Stanford, and Wharton, according to her research.
employees in the Investment Banking division shared that their best estimate of their target schools include: Boston College, Columbia, Cornell, Duke, Georgetown, Harvard, Michigan, NYU, Notre Dame, Page 10 10 UPenn (Wharton), Princeton, University of Virginia, and Yale.
In addition to being passionate about the financial services industry, markets and research process, individuals across these teams possess strong financial modeling skills, excellent written and verbal communication, are strategic and analytical thinkers, and hold a high level of Excel proficiency.
Goldman Sachs is well known for their lengthy interview process. There's no denying it. GS interview process is really, really tough but it's certainly not impossible as applicants have proved it in the past and so has Nithin who hails from Bangalore and is studying at NITK Surathkal.
How Hard Is It to Land a Job at Goldman Sachs? It is said that Goldman Sachs only accepts around three to four percent of all job applicants. The application process is competitive, to say the least.
| MBA Program | % of class size | |
|---|---|---|
| #1 | NYU Stern School of Business | 20.6% |
| #2 | Cornell Johnson Graduate School of Management | 16.1% |
| #3 | Columbia University – Columbia Business School | 13.1% |
| #4 | The University of Chicago Booth School of Business | 10.4% |
If selected following your HireVue interview, you'll be invited to a day of in-person interviews at a Goldman Sachs location. Typically, we conduct between two and five interviews for campus hires, depending on the division. You can expect to meet a cross-section of people whom you could possibly work with.
An MBA degree can help you transition from investment banking into highly desirable roles in private equity and hedge fund management. An MBA degree can help you transition from investment banking into highly desirable roles in private equity and hedge fund management.
Is private equity less stressful than investment banking?
But once a hire is made, they care less about how performance is maintained. There are exceptions and overlaps in every industry but, in general, the average day is a bit less stressful for private equity associates.
In the short run, bankers make more. abcasdf: In terms of compensation, a good trader makes a LOT more than a good banker for the simple reason that we are getting a % of our PnL and banker pay is pretty much a fixed bureaucratic ladder system.
In private equity, you'll work hard, but the hours are not nearly as bad. Generally the lifestyle is comparable to banking when there is an active deal, but otherwise much more relaxed. You usually get into the office around 9am and may leave between 7pm-9pm depending on what you're working on.
For the reasons discussed below, Georgetown (#15) is still recognized by many as a T14 law school.
Out of more than 440 schools that are represented in the WSO data, NYU, Harvard, Cornell University, University of Pennsylvania, and Columbia University have the highest distribution percentages for graduates represented in large Wall Street firms, soaking up more than 15% of the overall distribution of recruitment and ...
This security coupled with the economic and social benefit UChicago gets, maintains the feeder network between these institutions, replicating the microcosms of SES and race, and excluding non-white, non-Asian students from the same admissions opportunities.
In the U.S., Deutsche, CS and UBS appeared to cast their nets wider. No one college dominated and a number of non-Ivy League schools all made the rankings. Deutsche, for example, hired more people from Duke University than anywhere else, while UBS fished from the University of North Carolina at Chappel Hill.
Largest full-service investment banks
Goldman Sachs. BofA Securities. Morgan Stanley. Citigroup.
As a former Goldman recruiter wrote here in 2016, Goldman looks for 'unusual profiles', people who are excellent and ambitious and high achievers, but also something more. - People who are interesting as humans.
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Overall Rating.
| Overall Rating | 4.0 | 3.9 |
|---|---|---|
| Work/life balance | 3.2 | 3.7 |
| Compensation and benefits | 3.9 | 3.8 |
| Job security and advancement | 3.5 | 3.4 |
| Management | 3.5 | 3.4 |
