Any Investment Banking or Private Equity professionals?

[Anonymous]

Where is USNA? Navy grads everywhere in this space.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

I find this extremely hard to believe and wonder how many people you actually know. People who are truly ambitious and successful rarely quit. Because it's not about the money. It's about the game. I know many people who are very high network (20 M+) who are working into their 70s and upwards. Business owners, real estate investors and hedge fund managers. My husband is a hedge fund manager, for him and everyone he works with, (they are 50+ years) it stopped being about the money a long time ago. I don't know anyone in VC, but the stories are everywhere. Someone sells their tech company and goes on to create one or two more. And yes, I agree with the poster who is a dual PE, there was a very significant impact on our family life.

Umm.
$20M is not a high NetWorth in this sector or industry.

UHNW is defined as $30MM+. Your average P/E professional isn't worth anything close to your average hedge fund professional. The average Blackstone partner earns $2.8MM per year plus about $850k in distributed profits.

Where did you get the blackstone numbers?

[Anonymous]

Anonymous wrote:Where is USNA? Navy grads everywhere in this space.

They may go to MBA after Navy and get channeled in via the MBA program.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I promise I know what I’m talking about here:

Stanford down a notch
Yale and Princeton up to 1
Williams up to 1.5
Middlebury up to 2.5

The rest is close enough to true, I wouldn’t knock it.

Williams at 3, maybe 2.5. No way 1.5

Depends on if you are an athlete…

[Anonymous]

Anonymous wrote:

Anonymous wrote:Where is USNA? Navy grads everywhere in this space.

They may go to MBA after Navy and get channeled in via the MBA program.

This. They have to serve 5 years of active duty after the USNA. So they get the MBA after this and then enter the private sector.

[Anonymous]

USC (as seems to be typical for this board) is incredibly overranked. The rest, for the most part, seem apt.

No Maryland Smith, though? Interesting.

[Anonymous]

Nope don’t agree with this list at all. My top IB where I am a partner/senior managing director - hires from all over the place.

Where your list is most structurally off is underweighting SLACs. Williams and middlebury should be way higher - and so should other SLACs - Hamilton, Colgate and yes in some parts of the market Bucknell. I am sure I am missing more.

Those grads at our firm and others loved their schools and are often more helpful in recruiting. My last hire was from vassar. I turned down Yale grad for that.

I went to HYP so I am not knocking it. But we cut through name brands to pretty fast. Bloom where you are planted, stay humble regardless and then call us.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Stanford is too high just because kids aren’t as interested in PE/banking vs VC and tech/startups.

Other schools are probably correct if you want to go to NYC, but tiers are different if you want to work in banking/PE for Atlanta-based companies or Dallas or Houston-based, etc.

Why would the interest of Stanford kids matter? If anything it's an asset since there's less on-campus competition

Because if the top students aren’t interested, then why waste the effort? There are plenty of top schools where kids are very interested in banking/PE.

It’s the same reason why Coca Cola doesn’t waste time recruiting at Stanford either (or Wharton or other top schools).

[Anonymous]

Anonymous wrote:Do you agree with this Tier listing for IB/PE placement
Tier 1 (Ultra-Targets) (++++)

Harvard • UPenn (Wharton) • Stanford • MIT

Tier 1.5 (Top Targets) (+++)

• UPenn (non-Wharton) • Columbia • University of Chicago (UChicago) • Duke • Dartmouth • Yale • Princeton

Tier 2 (High Targets) (++)

• Brown • Northwestern • Cornell • NYU (Stern) • UMich(Ross) • Georgetown (McDonough)

Tier 2.5 (Semi-Targets) (+)

• UVA (McIntire) • Amherst • UC Berkeley (Haas) • University of Notre Dame (Mendoza) • Emory (Goizueta) • USC (Marshall) • UT Austin (McCombs)

Tier 3 (Semi-Targets)

• Johns Hopkins • Northeastern • Vanderbilt • Washington University in St. Louis (Olin) • UCLA

Tier 4 (Semi-Targets)

• UNC (Kenan-Flagler) • CMU (Tepper) • Boston College (Carroll) • Rice • Indiana University (Kelley IB Workshop only) • Brigham Young (Goldman Sachs pipeline)

Tier 5 (Lower Semi-Targets)

• Williams College • Middlebury College • Claremont McKenna College • Texas A&M University • Penn State • University of Florida (Evercore pipeline) • University of Georgia

Tier 6 (Non-Targets but Recognizable)

• Rutgers • Fordham • University of Wisconsin-Madison • Villanova • Southern Methodist University (SMU) • University of Washington (Seattle)

https://www.wallstreetoasis.com/forum/investment-banking/no-bs-data-backed-target-colleges-for-ibpe

Interesting, the US News top finance schools listing do not sync with the list above - NYU and UMich is top 5.

[Anonymous]

Anonymous wrote:

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.

I find this extremely hard to believe and wonder how many people you actually know. People who are truly ambitious and successful rarely quit. Because it's not about the money. It's about the game. I know many people who are very high network (20 M+) who are working into their 70s and upwards. Business owners, real estate investors and hedge fund managers. My husband is a hedge fund manager, for him and everyone he works with, (they are 50+ years) it stopped being about the money a long time ago. I don't know anyone in VC, but the stories are everywhere. Someone sells their tech company and goes on to create one or two more. And yes, I agree with the poster who is a dual PE, there was a very significant impact on our family life.

Umm.
$20M is not a high NetWorth in this sector or industry.

Umm. I was directly quoting the previous poster who phrased it as 20+ million. But thanks for the snark. And I guarantee I know more people worth 100 million than you. - hedge fund wife

[Anonymous]

I actually know two Bucknell alums who are extremely successful in finance. One has an MBA from a top school (Harvard/Wharton/Stanford). The other married well and his father-in-law hooked him up.

Some banks or departments within banks develop affinities for less conventional schools because someone senior there went to one of these schools and rose through the ranks. For instance, the Catholic network is really strong - Fordham, Villanova, Notre Dame, etc.

[Anonymous]

Anonymous wrote:From what I can see, it pays to be very athletic, tall, and good looking in these professions. And obviously be male 95/100 times. I’m not sure if they only hire their own or if these attributes actually make you more succesful, but it might be something to keep in mind.

This is so true. They love athletes. I know two college football players and a couple of lax guys, and I don’t ven know that many Wall Street People.

[Anonymous]

My husband and I work in IB in NYC. I would add Lehigh, Bucknell, and Colgate to the bottom group. We see so many students from those schools.

[Anonymous]

Anonymous wrote:Do you agree with this Tier listing for IB/PE placement
Tier 1 (Ultra-Targets) (++++)

Harvard • UPenn (Wharton) • Stanford • MIT

Tier 1.5 (Top Targets) (+++)

• UPenn (non-Wharton) • Columbia • University of Chicago (UChicago) • Duke • Dartmouth • Yale • Princeton

Tier 2 (High Targets) (++)

• Brown • Northwestern • Cornell • NYU (Stern) • UMich(Ross) • Georgetown (McDonough)

Tier 2.5 (Semi-Targets) (+)

• UVA (McIntire) • Amherst • UC Berkeley (Haas) • University of Notre Dame (Mendoza) • Emory (Goizueta) • USC (Marshall) • UT Austin (McCombs)

Tier 3 (Semi-Targets)

• Johns Hopkins • Northeastern • Vanderbilt • Washington University in St. Louis (Olin) • UCLA

Tier 4 (Semi-Targets)

• UNC (Kenan-Flagler) • CMU (Tepper) • Boston College (Carroll) • Rice • Indiana University (Kelley IB Workshop only) • Brigham Young (Goldman Sachs pipeline)

Tier 5 (Lower Semi-Targets)

• Williams College • Middlebury College • Claremont McKenna College • Texas A&M University • Penn State • University of Florida (Evercore pipeline) • University of Georgia

Tier 6 (Non-Targets but Recognizable)

• Rutgers • Fordham • University of Wisconsin-Madison • Villanova • Southern Methodist University (SMU) • University of Washington (Seattle)

https://www.wallstreetoasis.com/forum/investment-banking/no-bs-data-backed-target-colleges-for-ibpe

So wrong. Williams is in tier 2, Claremont McKenna and Middlebury are in tier 2.5.

[Anonymous]

Anonymous wrote:Do you agree with this Tier listing for IB/PE placement
Tier 1 (Ultra-Targets) (++++)

Harvard • UPenn (Wharton) • Stanford • MIT

Tier 1.5 (Top Targets) (+++)

• UPenn (non-Wharton) • Columbia • University of Chicago (UChicago) • Duke • Dartmouth • Yale • Princeton

Tier 2 (High Targets) (++)

• Brown • Northwestern • Cornell • NYU (Stern) • UMich(Ross) • Georgetown (McDonough)

Tier 2.5 (Semi-Targets) (+)

• UVA (McIntire) • Amherst • UC Berkeley (Haas) • University of Notre Dame (Mendoza) • Emory (Goizueta) • USC (Marshall) • UT Austin (McCombs)

Tier 3 (Semi-Targets)

• Johns Hopkins • Northeastern • Vanderbilt • Washington University in St. Louis (Olin) • UCLA

Tier 4 (Semi-Targets)

• UNC (Kenan-Flagler) • CMU (Tepper) • Boston College (Carroll) • Rice • Indiana University (Kelley IB Workshop only) • Brigham Young (Goldman Sachs pipeline)

Tier 5 (Lower Semi-Targets)

• Williams College • Middlebury College • Claremont McKenna College • Texas A&M University • Penn State • University of Florida (Evercore pipeline) • University of Georgia

Tier 6 (Non-Targets but Recognizable)

• Rutgers • Fordham • University of Wisconsin-Madison • Villanova • Southern Methodist University (SMU) • University of Washington (Seattle)

https://www.wallstreetoasis.com/forum/investment-banking/no-bs-data-backed-target-colleges-for-ibpe

Crazy how upenn non wharton is higher than nyu stern or georgetown!