Reply to Wall Street Placement 2024 update

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My first thought is that Wall Street will hire from any college that has qualified applicants. Useless lists like this just show us where the highest number of smart people who want to work with money are.

My second is that useless lists like this unnecessarily add to the anxiety of teenagers and parents by [b]implying that it matters a whole lot which college you attend if you want certain jobs. It' doesn't.[/b][/quote]

Wall Street firms don't even recruit at many colleges -- have you heard of target and non-target. I'm sorry, but where you go to college does matter for finance (IB and consulting) jobs.[/quote]

They recruit where they do because that's where the greatest concentration of smart people with an interest in IB are located. It's efficient. It would be a stupid business decision, though, to refuse to look at applications from qualified applicants who went elsewhere. So yes, you're more likely to see a recruiter on campus at some places vs. others, but it doesn't give you a leg up on people with similar or superior skills from less known colleges.

As I mentioned above, Jamie Dimon (CEO of JP Morgan Chase), went to Tufts. The CEO of Bank of America's investment branch went to Colgate. The CEO of Schwab went to Ohio U. The CEO of Fidelity went to Hobart and William Smith. Vanguard's chief investment officer went to Penn State and is in charge of a team that manages over 7 TRILLION dollars in assets. None of these people are going to let the name on the diploma get in the way of hiring talent.[/quote]
If they recruited only for smart kids then Tufts, Georgia tech, Northeastern,  Pomona etc would have made the list.[/quote]

So true.
That person does t know how the recruiting process works. Sure 1-2 kids from Gt and Purdue, Penn state etc may make it through to the summer pipeline, but it’s hard to claw your way there.
Very easy to do it at a lower Ivy or even CMC where there’s a strict process and college name opens the door (yes, kid has to prove self at interview).

Kids from most flagships won’t even get an interview. But good news is they can get all sorts of back office jobs.[/quote]
Yes my Emory DC, got back office as a health major with a 3.1. Only the schools listed could do that. Tufts, Gatech and the rest need higher GPAs and econ/business to do the same. [/quote]

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