kingfalcon wrote:
Doesn't Tuck place very strongly into PE because of the strength of its network? I'd reach out to current students and find out
Actually, purely number-wise:
Booth is an undisputed leader that places ~7-8% to PE + 20% amount to IBD+ 7% amount to
investment management
Kellogg and Tuck are at 5%, 2-4% to investment management and 11% for IBD
MIT is about 3%
By comparison, Stanford and HBS are both ~15%
I think Booth's placement in PE could be self-selection - people who are interested in finance are likely to go to Booth. But don't forget that would also lead to higher competition and firms are likely to diversify. I have heard that PE would actually want to hire more Kellogg but there aren't any qualified takers; Booth breathes finance while Tuck networks its way into PE. Don't forget that Kellogg's class is slightly larger than Booth and both are much more massive than Tuck: 32 people were placed at Kellogg, 40 at Booth.
My gut feeling is students who end up at IBD are the ones who didn't get the more prestigious PE, hell, that where I am at now ha-ha, so imagine the competition at Booth.
I am clearly confused.
I'll also reach out to students - just stuck at work right now but will draft an e-mail over Christmas.
Your gut is mistaken. IBD cannot be back up for people who do not get PE jobs because IBD recruiting happens much earlier than PE's cycle. While many people who are recruiting for IBD are definitely interested in PE as a long term goal they CHOOSE to go the IB route first to get that experience on their resume. IBD recruiting starts almost immediately in the fall and is finished by the end of January so there really isn't time to try and not succeed with another career route. Most people who do get PE gigs don't secure them until late winter (end of February/early March) and even into the spring (May/June).
Most MBA students are HIGHLY risk averse. People are taking on a mountain of debt and very few are willing to hold out until March-June to find out if they're going to have a job or internship. For this reason alone many people opt out of PE recruiting. While finding a job in PE is competitive, it is that way overall because you have students from all of the top schools competing for 1-2 jobs at a small # of firms. Booth isn't any more saturated than other schools even with the strong finance program.