Kid wants to work on Wall Street

[Anonymous]

Anonymous wrote:If you are still checking this op: the answer is Union College in New York State.

https://www.union.edu/news/stories/202312/union-financial-network-finance-bootcamp-featured-wall-street-journal

There are a number of Union alumni a Goldman, including Goldman’s former CFO. It’s no coincidence that Goldman is the school’s investment adviser.

[Anonymous]

What does kid look like? Did he play sports?

I interviewed at several Wall Street firms after my MBA and most guys were six foot two inch to six foot four inch good looking guys to played Lacrosse

[Anonymous]

Anonymous wrote:

Anonymous wrote:Alright OP, this is an area I'm very familiar with and can give some insight. Wall Street is still very prestige driven when we're talking about desirable roles (investment banking, sales & trading, and buy side role e.g., private equity, asset management, hedge funds, etc.). This has improved in recent years but there are many online resources that show the 'target' schools that these institutions primarily hire from. The heavy hitters are Ivy League schools (esp. HYP and Wharton), and similarly prestigious programs, but there are some slightly more accessible schools that your kid should look into if interested in 'high finance':

UVA (Darden)
Georgetown (McD)
U Michigan (Ross)
NYU (Stern)
Emory (Goizuetta)

These would all be reaches, but not totally out of the question. They all have dedicated business schools that have very strong pipelines into IB and Wall St. more broadly. Indiana University's Kelley is another program that places remarkably well and has lower selectivity than the usual suspects. Fordham and Boston College also have some success, but limited comparatively.

Outside of these, some schools do very well regionally (SMU and UT Austin for example), particularly in the Houston scene, though your kid might be less interested in going to college/working there.

I'd ignore much of the advice you'll hear about small schools that "punch above their weight". It's not that some SLACs don't do well (WASP, CMC, and some other very selective LACs do great), but for the most part this is kind of a fiction. I know many people who went to Bucknell or Villanova pursuing finance -- none of those people work in IB, PE, S&T, etc., though they can do fine if targeting corp. dev or accounting I guess.

Main takeaway: Wall St. has its favorites, and breaking in from outside of them is a very uphill battle. It's also worth mentioning that it's a very tough, very cutthroat career path. Definitely the kind pursuit where it's helpful to have other options in mind when you're in college.

Lot of BS in this thread but this comment is very accurate.

How do we know that your post is not BS ?

Are you willing to share what you classify as BS in this thread ?

Thanks !

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Alright OP, this is an area I'm very familiar with and can give some insight. Wall Street is still very prestige driven when we're talking about desirable roles (investment banking, sales & trading, and buy side role e.g., private equity, asset management, hedge funds, etc.). This has improved in recent years but there are many online resources that show the 'target' schools that these institutions primarily hire from. The heavy hitters are Ivy League schools (esp. HYP and Wharton), and similarly prestigious programs, but there are some slightly more accessible schools that your kid should look into if interested in 'high finance':

UVA (Darden)
Georgetown (McD)
U Michigan (Ross)
NYU (Stern)
Emory (Goizuetta)

These would all be reaches, but not totally out of the question. They all have dedicated business schools that have very strong pipelines into IB and Wall St. more broadly. Indiana University's Kelley is another program that places remarkably well and has lower selectivity than the usual suspects. Fordham and Boston College also have some success, but limited comparatively.

Outside of these, some schools do very well regionally (SMU and UT Austin for example), particularly in the Houston scene, though your kid might be less interested in going to college/working there.

I'd ignore much of the advice you'll hear about small schools that "punch above their weight". It's not that some SLACs don't do well (WASP, CMC, and some other very selective LACs do great), but for the most part this is kind of a fiction. I know many people who went to Bucknell or Villanova pursuing finance -- none of those people work in IB, PE, S&T, etc., though they can do fine if targeting corp. dev or accounting I guess.

Main takeaway: Wall St. has its favorites, and breaking in from outside of them is a very uphill battle. It's also worth mentioning that it's a very tough, very cutthroat career path. Definitely the kind pursuit where it's helpful to have other options in mind when you're in college.

Lot of BS in this thread but this comment is very accurate.

How do we know that your post is not BS ?

Are you willing to share what you classify as BS in this thread ?

Thanks !

I didn’t write that lengthy post, I was just recommending it. But since you asked for the BS, the Bucknell circle jerk in the early posts is one example.

[Anonymous]

Anonymous wrote:What does kid look like? Did he play sports?

I interviewed at several Wall Street firms after my MBA and most guys were six foot two inch to six foot four inch good looking guys to played Lacrosse

Trust fund 6’5” blue eyes

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Kelley is only a pipeline to Wall Street if you're one of the absolute top students there (i.e. in the workshops). Pretty much everyone else is toast.

I don’t disagree, but OP’s kid isn’t getting into a top tier school so they are going to have to take what they can get. IU Kelley, BC, Emory etc have a path that other schools simply don’t have at all.

Another path if you get into one of these schools and don’t get a Wall Street job is to do two years in something relevant or large corporate role and then try for a better MBA program followed by an IB associate position.

Emory is top tier, and BC and IU are no where near it.

Emory is top tier but BC has been placing lots of people in great places on Wall Street for 30 plus years. That is what it is always top 10 or 15 on placement lists.

https://www.collegetransitions.com/dataverse/top-feeders-banking
BC is good but not quite T15, and Emory is a bit better but not by much.

[Anonymous]

bumping this thread up for the poster who has a kid interested in IB/PE.

Lots of good info here.

[Anonymous]

Anonymous wrote:bumping this thread up for the poster who has a kid interested in IB/PE.

Lots of good info here.

Hell yeah—more opportunities to talk about Bucknell!

[Anonymous]

Please help your kid find something else to do with their life. Instead of being the chump that takes a percentage of everyone else’s work, create something yourself.

[Anonymous]

OMG, I regret clicking on this thread ... pages after pages of Bucknell.

[Anonymous]

Never heard of Bucknell.

I will have to ask my DC who works at IB.

[Anonymous]

Kenyon has excellent economics dept and connected alumni

[Anonymous]

Anonymous wrote:

Anonymous wrote:Bucknell is a target for your DS based on stats and has a very strong pipeline to The Street, including the two banks you mentioned.

OP here. This is what I keep hearing. We'll have to check it out. Does the "pipeline" involve actual on-campus recruiting, or is it more about networking with alums?

I graduated from Bucknell pre-COVID and am not in that pipeline but at that time the Wall St firms did A LOT of on campus interviewing. You could call the career development center and ask but it’s more than just alums networking

[Anonymous]

Anonymous wrote:DS is a rising high school senior with dreams of working for one of the big Wall Street banks (Goldman, JPM, etc.) after college. His older cousin went that route out of Harvard, and after making it through two years of hell in the form of 80-90 hour weeks, he's living the good life and making bank. DS doesn't have Ivy stats like his cousin, but he's a strong student with a 3.8UW/4.3W at a respectable public, 1480/33, and well-rounded ECs including varsity sports, student government, piano, volunteering, etc. He wants to stay in the eastern half of the country but otherwise is geographically open. What schools should be on his list?

I know people just broken by this lifestyle. Not healthy at all. Maybe you “make bank” five years later or maybe you look up and realize the system churned you through it and you are miserable. Know what you are getting into

[Anonymous]

Anonymous wrote:

Anonymous wrote:We know one Bucknell grad who wanted to get into banking and still doesn’t have a job a year after graduation.

What fraternity was he in and what was his GPA?

m

The biggest problem with Bucknell is right here.