Re: Kellogg vs. Ross for IB
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09 Jul 2010, 12:12
Well, I do think they are acceptable for a career in IB. Bear in mind that even if they are not the best, like H/W/Chi/Col/NYU, they are still very good and get a decent amount of IB recruiting. One thing to note, however, is that in the current climate IB is bad everywhere and banks haven't cut recruiting at the top finance schools as much as they have at the others. For example, before the crisis, Ross was sending about 10% to IB and had all top banks except ML recruiting there. Last year, however, GS and MS weren't among the top recruiters there, meaning they took 1-2 people. As far as I know, last year the most active BBs recruiting at Ross for IB were JPM, Citi and UBS. CS, Barclays, DB recruited for PWM/GM/Internal finance/Leadership programs, not your typical front office. Not sure about GS/MS. Interesting: GS wasn't among the top recruiters at Booth too last year according to their employment report, meaning they recruited fewer than 3 graduates. In short, you'll have a shot at K/Ross, but in this climate it's going to be hard even at the top finance schools, so have a backup plan. Top IB schools have another advantage - boutiques recruit on campus. However, they hire in small numbers and prefer people with previous experience in IB, so if you don't have one, this door might not be open even if you are at these schools.