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INSEAD vs Yale SOM: Decide my fate!

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Re: INSEAD vs Yale SOM: Decide my fate! [#permalink] New post 27 Dec 2012, 00:55
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Ok, it’s time to drop some knowledge regarding investment management at Yale SOM. I’ll start with my experience so far. I worked in private wealth management and completed the CFA exams, before coming to Yale SOM. Shortly after starting school, I got an internship with a $1 billion hedge fund that invests in real assets, both tangible and intangible. I work there when I can during the week (usually on Fridays). There is a 2nd year student that does the same thing on Fridays for a hedge fund in NYC. I know that there were 2nd year students that had summer internships last year across the investment management spectrum (long-short, global macro, endowments, socially responsible investing, private wealth management, investment consulting) so making the transition is definitely possible.

There are far more CFA charterholders in my class than I would have expected coming in, so incoming students at Yale SOM that are interested in investment management are unlikely to feel like they are completely on their own. I can think of people in my class that worked for KKR, Och-Ziff, Bridgewater, and McKinsey’s internal investment management group.

So far this year, I’ve seen job posts on our career website from a few hedge funds and then firms like Wellington, PIMCO, and Princeton’s endowment (side note: the CEO of Harvard’s endowment is a Yale SOM alum). Besides these posts, the investment management job search does tend to be self-directed, but it’s something that can be done. I’ve seemingly restricted my options considerably by targeting investment managers in Southern California. However, the reality is that there are plenty of investment managers in almost any metropolitan area.

So after all that, I’d just say the following: relax, come to Yale SOM, and PM me if you have any questions about investment management recruiting here.
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Re: INSEAD vs Yale SOM: Decide my fate! [#permalink] New post 08 Jan 2013, 14:35
Sorry to bring up this topic again.

My "first world problem" seems to be have gotten a bit more muddled! I had settled on matriculating at Yale, however, have also been offered admission at Duke, which I loved as well.

Both Yale and Duke seem like great fits - I felt positive vibes from both places.

Are they both a wash? Would appreciate any thoughts. Thanks!
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Re: INSEAD vs Yale SOM: Decide my fate! [#permalink] New post 08 Jan 2013, 14:43
rtunnell wrote:
Ok, it’s time to drop some knowledge regarding investment management at Yale SOM. I’ll start with my experience so far. I worked in private wealth management and completed the CFA exams, before coming to Yale SOM. Shortly after starting school, I got an internship with a $1 billion hedge fund that invests in real assets, both tangible and intangible. I work there when I can during the week (usually on Fridays). There is a 2nd year student that does the same thing on Fridays for a hedge fund in NYC. I know that there were 2nd year students that had summer internships last year across the investment management spectrum (long-short, global macro, endowments, socially responsible investing, private wealth management, investment consulting) so making the transition is definitely possible.

There are far more CFA charterholders in my class than I would have expected coming in, so incoming students at Yale SOM that are interested in investment management are unlikely to feel like they are completely on their own. I can think of people in my class that worked for KKR, Och-Ziff, Bridgewater, and McKinsey’s internal investment management group.

So far this year, I’ve seen job posts on our career website from a few hedge funds and then firms like Wellington, PIMCO, and Princeton’s endowment (side note: the CEO of Harvard’s endowment is a Yale SOM alum). Besides these posts, the investment management job search does tend to be self-directed, but it’s something that can be done. I’ve seemingly restricted my options considerably by targeting investment managers in Southern California. However, the reality is that there are plenty of investment managers in almost any metropolitan area.

So after all that, I’d just say the following: relax, come to Yale SOM, and PM me if you have any questions about investment management recruiting here.



I'm not doubting anything you're saying. And I'm sure those companies do post jobs on the board. But how many students do they interview? How many actually get offers? I had seriously thought about applying to Yale SOM this year; it's a great school with a fantastic curriculum and culture. The reason I decided against it was that it seems too risky given that it's still a "rising" school with a relatively small alumni network. I just could not take chances on a school platform that is not yet firmly entrenched, given the opportunity costs of an MBA program.
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Re: INSEAD vs Yale SOM: Decide my fate! [#permalink] New post 08 Jan 2013, 14:47
thebschoollife wrote:
Sorry to bring up this topic again.

My "first world problem" seems to be have gotten a bit more muddled! I had settled on matriculating at Yale, however, have also been offered admission at Duke, which I loved as well.

Both Yale and Duke seem like great fits - I felt positive vibes from both places.

Are they both a wash? Would appreciate any thoughts. Thanks!

Congrats. I actually think this is pretty simple. What do you want to do more: consulting or IM?

IM -> Yale SOM
Consulting -> Fuqua
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Re: INSEAD vs Yale SOM: Decide my fate! [#permalink] New post 11 Jan 2013, 16:23
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PD2012 wrote:
Great question!

Unfortunately, aside from classmates telling me about their interviews, I have 0 experience on that front.

Even though Super Week is right around the corner, hopefully another SOM'er (like MAJMMM) that's on that track can chime in to help.

-B

Shawshank wrote:

Any idea how Yale does in trading, investment management, hedge funds?


Yale SOM just posted about Super Week -- it all sounds positive (it is coming from adcom/PR after all!), but hopefully MAJMMM and others can speak to their experiences!

JANUARY 11, 2013
A Look at SuperWeek Recruiting

While most students were relishing the last week of winter break, some were already back on campus, interviewing for coveted summer finance internships. At the height of SuperWeek, January 2-11, the CDO reception area was filled with first-year MBA students sporting business suits and waiting for their chance to talk with interviewers from major investment banks.

A record 11 banks took part this year, according to Lloyd Baskin, the relationship manager responsible for financial services at the CDO. In addition to the prestigious firms that return each year for SuperWeek—Goldman Sachs, Morgan Stanley, and Credit Suisse among them—Yale SOM welcomed two new banks this year: Perella Weinberg Partners and Peter J. Solomon Company.

Halfway through the week, the internship offers had started rolling in…


http://blogs.som.yale.edu/2013/01/a-loo ... ecruiting/
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Re: INSEAD vs Yale SOM: Decide my fate! [#permalink] New post 15 Feb 2013, 17:21
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so decided to go with Yale over INSEAD. Real pumped about SOM!

Last edited by thebschoollife on 17 Feb 2013, 06:46, edited 1 time in total.
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Re: INSEAD vs Yale SOM: Decide my fate! [#permalink] New post 15 Feb 2013, 23:30
thebschoollife wrote:
so decided to get with Yale over INSEAD. Real pumped about SOM!


Yay! We're shaping up to be a stellar class! Congrats on your decision!
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Re: INSEAD vs Yale SOM: Decide my fate! [#permalink] New post 16 Feb 2013, 14:26
Nice job you two, see you tomorrow or next weekend? I live at 360, so I will be in and out of the event (I reserved the theater to watch the all star game :) )
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Re: INSEAD vs Yale SOM: Decide my fate! [#permalink] New post 20 Feb 2013, 14:33
thebschoollife wrote:
so decided to go with Yale over INSEAD. Real pumped about SOM!


Congrats!!! What made you finally choose Yale?
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Re: INSEAD vs Yale SOM: Decide my fate! [#permalink] New post 24 Feb 2013, 07:29
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I think at the end of the day remaining in the US market vs going overseas. Furthermore, I was reading that while job placements for INSEAD grads are great - I had a couple of concerns. Firstly, as someone already mentioned the data is heavily skewed by a large number of candidates who are returning to their MBB employers, not too mention that on average INSEAD grads have more experience to begin with. INSEAD does send a lot of grads to MBB, but INSEAD is pumping out about 1000 grads a year - 5 times that of Yale.

I think the bigger concern was that apparently for non-EU citizens its becoming increasingly difficult to get a job in Europe - compound that with needing local language skills in places such as France or Spain - and you are looking at a very small market for job placement - mostly London, Dubai, Singapore, etc - which then becomes highly competitive.

Money is not a huge motivating factor for me, but its really interesting that if you look at the latest FT rankings - the average salary for Yale grads is higher than INSEAD after 3 years.

Having said all that I really liked Yale SOM. All my interaction with alumni, students, faculty, etc have been fantastic. There was a real buzz and the students seemed to really be enthusiastic about the school (I should mention that I felt a similar buzz at Duke). I have been reading a lot of what Dean Snyder's been saying and doing, and the direction the school is headed in. I - think its a great time to be at Yale with these changes - not to mention moving into the brand new campus in Jan 2014! So yeah pumped about Yale SOM!

Either way, I think I couldn't have gone wrong with either one of these schools - so it was a nice problem while it lasted! Good luck on your INSEAD journey!

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Re: INSEAD vs Yale SOM: Decide my fate! [#permalink] New post 24 Feb 2013, 08:03
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machichi wrote:
thebschoollife wrote:
so decided to get with Yale over INSEAD. Real pumped about SOM!


Yay! We're shaping up to be a stellar class! Congrats on your decision!



Absolutely. All I see around is: I've dumped X for Yale, I've declined Y for Yale or I withdrew from A-Z because I got into Yale.

Congratulations to all of you for converting SOM into a mini GC.
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Re: INSEAD vs Yale SOM: Decide my fate! [#permalink] New post 25 Feb 2013, 19:53
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machichi wrote:
thebschoollife wrote:
so decided to get with Yale over INSEAD. Real pumped about SOM!


Yay! We're shaping up to be a stellar class! Congrats on your decision!



Absolutely. All I see around is: I've dumped X for Yale, I've declined Y for Yale or I withdrew from A-Z because I got into Yale.

Congratulations to all of you for converting SOM into a mini GC.

Seriously. Yale is doing very well among cross-admits. Congrats again on your decision!
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Re: INSEAD vs Yale SOM: Decide my fate! [#permalink] New post 01 Mar 2013, 14:48
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I visted SOM last year and I was VERY impressed. The quality of its students, faculty, ... impressive!!!

IMO there are three schools in the world that are taking massive steps towards becoming ultra-elite business schools (M7+Insead+LBS) and these are Yale, Tuck and Oxford.

Congrats on your decision!
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Re: INSEAD vs Yale SOM: Decide my fate! [#permalink] New post 12 Apr 2013, 10:54
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Totally late to the party here, but I was browsing the forums and came across this gem. Great discussion, and I'm glad that the poster decided on Yale!

Even though it isn't relevant to the current poster, I wanted to post in case it might help some future applicants. I currently work in investment management at one of the BBs, and wanted to address the questions about career prospects.

First, I think there is a misconception among some posters that you need an M7 MBA to get into IM. Not. True. The fact that it's hard to recruit for IM from any top school (M7 or otherwise) is largely a reflection of the fact that these jobs don't generally require MBAs at all and have low turnover. People like their jobs for the most part, so they don't leave. If they do get MBAs, they often do part-time programs. That's my experience, anyhow. It may differ between equity research, private wealth, institutional asset management, etc. and may also depend on the firm to some extent.

I will say that an MBA can definitely improve your chances, as can a CFA (or CFP for the private wealth route). Regardless, you will need to network well. These jobs don't usually need to go out and formally recruit on their own, and do a lot of hiring through referrals.

As for IM at SOM specifically, I was able to chat with a rep from the IM club and got some color on this area, too. While IM isn't Yale's strongest recruiting area (certainly not as strong as IB, for instance), it sounded like this mainly came down to reasons stated above, and less due to the resources the school offers. In fact, the guy I spoke with had an internship in equity research and due to Yale's location, he was able to maintain this job on a part-time basis (it was in NYC) throughout his second year. This student had to actively network to get his position, but he wasn't an anamoly. It's also worth noting that Yale alums run the endowments at Yale, Harvard, and Princeton.

Suffice to say, relative to the IM MBA recruiting scene as a whole, I don't think Yale is doing half-bad.
Re: INSEAD vs Yale SOM: Decide my fate!   [#permalink] 12 Apr 2013, 10:54
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