Any Investment Banking or Private Equity professionals?

[Anonymous]

Anonymous wrote:I know I'm alone on this board with this sentiment, but yes, BYU is making the list. It is so underrated. Several friends ended up in IB and PE after undergrad, not just at Goldman. Several friends ended up in excellent, big law jobs out of law school (in NY, LA, DC, and Houston) and paid off their minimal student loans within months.

Law school and BigLaw (which primarily recruits out of the T14, sorry) is a completely different topic than undergrad and recruiting for IB and PE.

[Anonymous]

Anonymous wrote:Collapse 3 and 4. Move UTA and USC to 3. Add Gatech to 6.

"UTA" is the University of Texas at Arlington (and it's not an IB or PE feeder). Austin is just "UT."

[Anonymous]

Anonymous wrote:+1 on other’s’ suggestions to collapse the middle but I would probably even collapse 2.5 to 4. When you get to these schools it really just depends on each firm, where it has recruited and hired from in the past, where kids want to end up after school, etc. And some are dubious anyway (like Northeastern over BC or Kelley workshop), just put them all in one group.

There's a large gap between BYU and UVA. I've notices the only students that get into IB at BYU or Vandy etc are Nepo babies.

[Anonymous]

Anonymous wrote:Are you sure you want to build this onramp to Adderall and anxiety? Speaking as a dual PE family, I would not onramp my kid into this. You know who makes a lot of money? People who build great companies (owners or high level execs) who exit to PE or public markets every 2-3 years but still have a life.

Agreed! Only one PE parent in our household, but we too do NOT want DC going down this path. So much better to be the entrepreneur.

[Anonymous]

Anonymous wrote:I know I'm alone on this board with this sentiment, but yes, BYU is making the list. It is so underrated. Several friends ended up in IB and PE after undergrad, not just at Goldman. Several friends ended up in excellent, big law jobs out of law school (in NY, LA, DC, and Houston) and paid off their minimal student loans within months.

the BYU pipeline is there but it's mormon to mormon. I'm not sure a Catholic at BYU gets the same interviews. This wouldnt come from the BYU career office, but the people extending the interviews. it's a lot of parents who say, "I went to college with him (big name at big bank, let me email him". Mormons are very big on this

[Anonymous]

Anonymous wrote:

Anonymous wrote:+1 on other’s’ suggestions to collapse the middle but I would probably even collapse 2.5 to 4. When you get to these schools it really just depends on each firm, where it has recruited and hired from in the past, where kids want to end up after school, etc. And some are dubious anyway (like Northeastern over BC or Kelley workshop), just put them all in one group.

There's a large gap between BYU and UVA. I've notices the only students that get into IB at BYU or Vandy etc are Nepo babies.

BYU places a ton of kids at top IBs. Vandy is a bit further behind but the gap between UVA and BYU is not that big.

[Anonymous]

IME williams has better placement per capita than this tier indicates.

[Anonymous]

Anonymous wrote:Are you sure you want to build this onramp to Adderall and anxiety? Speaking as a dual PE family, I would not onramp my kid into this. You know who makes a lot of money? People who build great companies (owners or high level execs) who exit to PE or public markets every 2-3 years but still have a life.

Nobody who achieves great success has "a life". The people that built those great companies worked their asses off as well.

The happiest folks in PE have a personal net worth number at which point they are happy...and then they quit. Many times you can hit a $20MM+ net worth number by your mid-to-late 30s if you are at a Blackstone/KKR/ et al, which for many people that's enough.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I know I'm alone on this board with this sentiment, but yes, BYU is making the list. It is so underrated. Several friends ended up in IB and PE after undergrad, not just at Goldman. Several friends ended up in excellent, big law jobs out of law school (in NY, LA, DC, and Houston) and paid off their minimal student loans within months.

Law school and BigLaw (which primarily recruits out of the T14, sorry) is a completely different topic than undergrad and recruiting for IB and PE.

Yes and No. Also, I agree that Big Law primarily recruits at T14s, but they also come to BYU. I know this first hand.

[Anonymous]

Anonymous wrote:

Anonymous wrote:+1 on other’s’ suggestions to collapse the middle but I would probably even collapse 2.5 to 4. When you get to these schools it really just depends on each firm, where it has recruited and hired from in the past, where kids want to end up after school, etc. And some are dubious anyway (like Northeastern over BC or Kelley workshop), just put them all in one group.

There's a large gap between BYU and UVA. I've notices the only students that get into IB at BYU or Vandy etc are Nepo babies.

Not true. They are also All American Athletes and kids with good grades plus social/interview skills.

[Anonymous]

Anonymous wrote:In this economy, I would be weary paying full sticker all the schools below Emory.... If IB is truly what you want.

I agree, it's only going you get harder during a recession.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Are you sure you want to build this onramp to Adderall and anxiety? Speaking as a dual PE family, I would not onramp my kid into this. You know who makes a lot of money? People who build great companies (owners or high level execs) who exit to PE or public markets every 2-3 years but still have a life.

Nobody who achieves great success has "a life". The people that built those great companies worked their asses off as well.

The happiest folks in PE have a personal net worth number at which point they are happy...and then they quit. Many times you can hit a $20MM+ net worth number by your mid-to-late 30s if you are at a Blackstone/KKR/ et al, which for many people that's enough.

Not the PP to whom you’re responding but another PE PP. For the same amount of work my PE spouse has put into achieving an 8 figure net worth, my serial entrepreneur family member has achieved a 10 figure one. The latter has had a lot more fun along the way too. We’re encouraging DC to follow my family member’s footsteps, not my spouse’s.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Are you sure you want to build this onramp to Adderall and anxiety? Speaking as a dual PE family, I would not onramp my kid into this. You know who makes a lot of money? People who build great companies (owners or high level execs) who exit to PE or public markets every 2-3 years but still have a life.

The one sensible poster on this thread. Keep in mind, though, many of these parents have raised compliant overachievers who do not have the resilience or creative thought to start a business.

You have to be far "hungrier" and creative to become an entrepreneur. When sheer luck on idea and timing are taken out of the equation (read: outliers) then creating a business and making it more than a lifestyle business that someone big would want to buy takes far more effort and usually funding that just going into IB or PE and being good at what you're told to do.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are you sure you want to build this onramp to Adderall and anxiety? Speaking as a dual PE family, I would not onramp my kid into this. You know who makes a lot of money? People who build great companies (owners or high level execs) who exit to PE or public markets every 2-3 years but still have a life.

Nobody who achieves great success has "a life". The people that built those great companies worked their asses off as well.

The happiest folks in PE have a personal net worth number at which point they are happy...and then they quit. Many times you can hit a $20MM+ net worth number by your mid-to-late 30s if you are at a Blackstone/KKR/ et al, which for many people that's enough.

Not the PP to whom you’re responding but another PE PP. For the same amount of work my PE spouse has put into achieving an 8 figure net worth, my serial entrepreneur family member has achieved a 10 figure one. The latter has had a lot more fun along the way too. We’re encouraging DC to follow my family member’s footsteps, not my spouse’s.

But what is this business you're taking about. And you must hit the wave of the business model in the perfect place. Not too soon, not too late.

I know people who have made a fortune in small commercial real estate. But it takes years to build up a portfolio before it really pays off.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are you sure you want to build this onramp to Adderall and anxiety? Speaking as a dual PE family, I would not onramp my kid into this. You know who makes a lot of money? People who build great companies (owners or high level execs) who exit to PE or public markets every 2-3 years but still have a life.

Nobody who achieves great success has "a life". The people that built those great companies worked their asses off as well.

The happiest folks in PE have a personal net worth number at which point they are happy...and then they quit. Many times you can hit a $20MM+ net worth number by your mid-to-late 30s if you are at a Blackstone/KKR/ et al, which for many people that's enough.

Not the PP to whom you’re responding but another PE PP. For the same amount of work my PE spouse has put into achieving an 8 figure net worth, my serial entrepreneur family member has achieved a 10 figure one. The latter has had a lot more fun along the way too. We’re encouraging DC to follow my family member’s footsteps, not my spouse’s.

That's missing the point...the PE spouse likely would never be an entrepreneur because they don't have the mindset or attitude. The vast majority of entrepreneurs fail and don't end up with any net worth, but that's the life they choose.

That's why it's silly to say don't become a BigLaw partner, become a successful entrepreneur instead. BigLaw partners aren't entrepreneurs...they would fail miserably if they tried.

A Blackstone PE executive has call it a 75%+ chance of achieving UHNW status, while most entrepreneurs have a 5% chance at best.