Big 3 Consulting and Investment Banking placements : 2009

agold

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Re: Big 3 Consulting and Investment Banking placements [#permalink]

07 Jun 2008, 20:17

I also found this earlier. I found it really interesting. Basically, it seems that Lehman considers only a couple of schools outside of the UE/E's to be targets for Associate recruiting (I think I noticed Emory, Texas, and Rice - quite likely for the Houston office).

https://www.lehman.com/careers/applytole ... ntacts.htm

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Re: Big 3 Consulting and Investment Banking placements [#permalink]

07 Jun 2008, 20:37

terp06 wrote:

I also found this earlier. I found it really interesting. Basically, it seems that Lehman considers only a couple of schools outside of the UE/E's to be targets for Associate recruiting (I think I noticed Emory, Texas, and Rice - quite likely for the Houston office).

https://www.lehman.com/careers/applytole ... ntacts.htm

Bassically other than higher % of job placements, the big advantage of going to a top 5/10 school is that the big name companies have a dedicated recruiter just for your school rather than a recruiter or two serving "everyone else". This is a big advantage when it comes to facetime and attention during the recruiting process, but at the end of the day you are always selling yourself no matter which school you choose.

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Re: Big 3 Consulting and Investment Banking placements [#permalink]

07 Jun 2008, 20:51

This is interesting to a point but it doesnt take into account how many people pursuing jobs in the fields. It might be better to compare the amount of folks in a class who go into a given field that get a job at one of the choice fields. I would say that the top schools numbers will probably be closer at that point and might even surprise folks.

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Re: Big 3 Consulting and Investment Banking placements [#permalink]

07 Jun 2008, 21:53

I notice one error right off the bat. This list says Darden and Duke both had 11 go to top 3 consulting firms. Darden is smaller than Duke, but isn't listed in the percentage of student body. Darden has about 300 students, so that would put them at 3.7%, between Haas and Cornell. The note at the top says that Darden only provided information for the full-time class, and numbers were adjusted accordingly; well Darden does not have a part-time program or a one-year program or anything like that so data wouldn't have to be adjusted. I was confused by that.

Also, I don't know what year these numbers refer to, but I'm highly dubious of the investment banking stats as well. In fact, I'll say that I give no credence to the list that shows Duke placed 77 and Darden placed 28; though the percentage breakdowns for banking seem to jive with common sense. The raw numbers can't possible be right though, and do not correlate with the percentages.

As riverripper pointed out, a more relevant analysis would compare the number of students interested in each field with the number that secure targeted positions. Students at some schools are very focused on consulting and/or banking, while other schools have students with more varied career goals. A school where 50% of the population is interested in general management will not show as well in these lists (if the information is even correct).

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Re: Big 3 Consulting and Investment Banking placements [#permalink]

08 Jun 2008, 11:46

terp06 wrote:

Interesting post I took off the BW forums:

Hi Guys,

I did some work based on the employment information contained in the BW profiles - full time and internship employment placement. I looked at 2 industries: consulting, and investment banking. I added all the placements at each firm, for the most recent full-time plus intern classes. Then I organized it by category and by school, and adjusted for class size. I listed the top 10 in each category below. Please enjoy!

*Caveats: HBS, Stanford, NYU Stern, Tuck and Yale SOM would not provide the information so they are excluded. Darden only provided information for the full time class, so their % of class is based on that and adjusted accordingly. For consulting, I included McK, Bain and BCG. For IB, I included all top 10 IB's. If you'd like any more detail on the underlying info I'm happy to share.

Big 3 Consulting - Total # Hired
1. Wharton - 220
2. Kellogg - 122
3. MIT - 101
4. Chicago - 99
5. Columbia - 87
6. Michigan - 38
7. Haas - 22
8. Cornell - 14
9. Darden, Duke - 11

Big 3 Consulting - # Hired as % of Student Body
1. Wharton - 13.6%
2. MIT - 13.1%
3. Kellogg - 10.2%
4. Chicago - 8.9%
5. Columbia - 7.1%
6. Michigan - 4.5%
7. Haas - 4.4%
8. Cornell - 2.3%
9. CMU - 2.2%
10. Duke - 1.3%

Investment Banking - Total # Hired
1. Wharton - 350
2. Chicago - 331
3. Columbia - 299
4. Cornell - 95
5. Kellogg - 91
6. Duke - 77
7. MIT - 63
8. UCLA - 53
9. Michigan - 52
10. Darden - 28

Investment Banking - # Hired as % of Student Body
1. Chicago - 29.6%
2. Columbia - 24.4%
3. Wharton - 21.6%
4. Cornell - 15.6%
5. Darden, Duke - 8.6%
7. MIT - 8.2%
8. Kellogg - 7.6%
9. UCLA - 7.4%
10. CMU - 7.2%

FYI...Yale does not give info to business week, but on their employment report 26% (53 students) went into IB and 14% (28 students) went into consulting out of 205 students for 2007. This is not a breakdown of top 3 for consulting. I would imagine that the consulting is mainly top 3 but the IB is probably top 7 or 8.

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Re: Big 3 Consulting and Investment Banking placements [#permalink]

08 Jun 2008, 15:19

FYI: These numbers include both FT offers and Internships.

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Re: Big 3 Consulting and Investment Banking placements [#permalink]

09 Jun 2008, 07:02

dosa_don wrote:

FYI: These numbers include both FT offers and Internships.

the internship totals for the class of 2007 are the same percentages from what i have been sent and the 2008 class is 14% in consulting and 21% in IB with a class of 178. Obviously, without the fulltime positions for 08, i could not give those figures.

milehighhustler

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Re: Big 3 Consulting and Investment Banking placements [#permalink]

09 Jun 2008, 20:39

Duke's employment report shows- Consulting

11 Full Time (FT) Mckinsey hires
3 FT Bain
4 FT BCG

So if the stats are strictly for FT hires, then you need to change it from 11 to 18. If it includes internships, you need to add more.

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Re: Big 3 Consulting and Investment Banking placements [#permalink]

10 Jun 2008, 01:17

milehighhustler wrote:

Duke's employment ...

heh heh! Nice username

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Re: Big 3 Consulting and Investment Banking placements [#permalink]

11 Jun 2008, 06:02

terp06 wrote:

Interesting post I took off the BW forums:

*Caveats: HBS, Stanford, NYU Stern, Tuck and Yale SOM would not provide the information so they are excluded.

I am obviously not neutral, and I dont know absolute #s for this year, but Tuck placed over 30% of its class in consulting and I think McK alone hired almost 10% of the Tuck class. So the ranking would be quite different if you included all these schools.

Too bad Tuck doesnt release those figures...I dont understand why.

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Re: Big 3 Consulting and Investment Banking placements [#permalink]

12 Jun 2008, 07:31

thanks for the info terp, but yeah, Haas only sends 17% of their graduating class into MC, so 22 out of 41 is over 50% of students who get a job in MC will be in M/B/B. Not bad.

milehighhustler

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Re: Big 3 Consulting and Investment Banking placements [#permalink]

07 Jul 2008, 22:12

milehighhustler wrote:

Duke's employment report shows- Consulting

11 Full Time (FT) Mckinsey hires
3 FT Bain
4 FT BCG

So if the stats are strictly for FT hires, then you need to change it from 11 to 18. If it includes internships, you need to add more.

To bring up an old topic...in Duke's Preliminary 2007-2008 employment report, they show 37 hires from the Big 3 consulting firms. That's a far cry from the 11 that was used for the calculations in this thread.

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Re: Big 3 Consulting and Investment Banking placements [#permalink]

07 Jul 2008, 22:43

Where is Stern?- 50% IB placement!!

gmatclubot

Re: Big 3 Consulting and Investment Banking placements [#permalink]

07 Jul 2008, 22:43