Which universities does JP Morgan recruit from UK?
- LSE.
- Cambridge.
- Imperial College.
- UCL.
- Oxford.
- Warwick.
- St Andrews.
- Nottingham.
Which universities do investment banks recruit from UK? Most students securing positions in banks attend 'target' universities which include; Oxford, Cambridge, LSE, Warwick, UCL, Imperial and Durham (in that order). Occasionally Nottingham or Bristol feature.
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.
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.
The acceptance rate of less than 1% makes JPMorgan's investment bank harder to get into than Harvard or Yale. That level of interest doesn't seem to be isolated to JPMorgan, which is a juggernaut on Wall Street across advisory and trading businesses.
- LSE.
- UCL.
- Cambridge.
- Oxford.
- Imperial College.
- Warwick.
- Nottingham.
- Bristol.
- Dubai, United Arab Emirates.
- Frankfurt, Germany.
- Hong Kong, China.
- London, England.
- New York, New York, USA.
- San Francisco, California, USA.
- Tokyo, Japan.
- Zurich, Switzerland.
Finance, accounting and business are the most likely choices, but investment firms and banks may also be pleased to see degrees in economics, mathematics or engineering.
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.
To an extent this is true, but banks also have an elite group of 'target' universities to which they'll actively sell a career within investment banking. At undergraduate level in the UK (in no particular order) these are Oxford, Cambridge, London School of Economics (LSE), UCL, Imperial College London and Warwick.
What are the UK target universities?
Choose the Right University
Most students securing positions in banks attend 'target' universities which include; Oxford, Cambridge, LSE, Warwick, UCL, Imperial and Durham (in that order).
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.”
| Goldman Sachs | Total by % | |
|---|---|---|
| 1. Harvard University | 30 | 3.50% |
| 2. New York University NYU | 31 | 3.50% |
| 3. University of Pennsylvania | 28 | 3.30% |
| 4. Columbia University | 16 | 2.70% |
Of the top 3 common jobs between the two companies, Goldman Sachs salaries averaged $5,009 higher than J.P. Morgan.
Of the top 3 common jobs between the two companies, Goldman Sachs salaries averaged ₹3,68,591 higher than J.P. Morgan.
JP Morgan is extremely selective about who it hires. According to its CEO Jamie Dimon, the bank boasts nearly 250,000 “top notch” employees within investment banking, sales, trading and general management and recruits from some of the “best schools in the world.”
- Harvard University, the US.
- Massachusetts Institute of Technology (MIT), the US.
- Stanford University, the US.
- The London School of Economics and Political Science (LSE), the UK.
- University of Oxford, the UK.
- University of Cambridge, the UK.
Largest full-service investment banks
Goldman Sachs. BofA Securities. Morgan Stanley. Citigroup.
After New York, London is the biggest center for investment banking. Base salaries for analysts are £50,000, £55,000, and £60,000 for the first to third year, respectively.
To an extent this is true, but banks also have an elite group of 'target' universities to which they'll actively sell a career within investment banking. At undergraduate level in the UK (in no particular order) these are Oxford, Cambridge, London School of Economics (LSE), UCL, Imperial College London and Warwick.
What degree do you need to be an investment banker UK?
Typically, you need a bachelor's or an associate degree in business, finance, economics, accounting or other similar disciplines to become an investment banker. A strong understanding of mathematics and market analysis is helpful and you can consider taking courses in your area of interest, too.
Study for an investment banking degree
Employers dedicate sizeable resources to training their staff in this area, but a Bachelors degree is normally expected for most investment banking graduate jobs.
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.
...
So, we end up with ~5k U.S. investment banking analysts who graduated between 2014 and 2019 and who worked at one of these fine institutions:
- Bank of America.
- Barclays.
- Centerview.
- Citi.
- Credit Suisse.
- Evercore.
- Goldman Sachs.
- J.P. Morgan.
