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24 Aug 2010, 05:24
Kudos
Bookmarks
perseverance
Great questions, perseverance. Cornell is a core school at three bulge brackets and places on average 1-3 graduates at each of the rest of the bulge brackets every year (I think the exception being Credit Suisse, who hasn't taken people from Cornell for IB in a couple of years from what I've heard). The Old Ezra club on campus is currently working on enhancing relationships with smaller boutique-style firms as well, there's a fair number of Johnson grads at those (considerable untapped potential). Out of all the 1st years who were interested in Finance this year, 100% got internships in finance. It has been a good year employment-wise for Johnson and I'm sure that information will be made public sooner rather than later.
The downside here being (which I'm sure is a downside for some, but perhaps not most) is that if you are set for career in IB, you're most likely going to end up on Wall street. Clearly, most IB is in NY anyway, but I find that most finance people at Cornell end up on Wall Street on way or another. The only exception are managerial finance folks. If you wanted finance on the west coast or say the mid-west, you're going to have to do a fair amount of off campus search. As an aside however, there's been a tendency (at ALL schools, not just Cornell) to have more and more applicants every year who engage in off-campus career search. It's something like 50-50 right now or even 40-60 (on campus-off campus) these days, but it's a good thing to keep in mind.
24 Aug 2010, 06:24
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ariel
Thanks for the prompt and helpful response ariel. Sorry if I'm beating a dead horse, but is there a specified time period during the year where most financial services firms come to campus? I know some schools have set up Super Weeks where first/second round inteviews are held on campus (I think in January?). Does Cornell have something similar?
Also, have you had any interaction with the Career Management Center? How much do they help current students land intership/full time offers?
25 Aug 2010, 10:39
Kudos
Bookmarks
perseverance
Yes, recruitment is very structured at Johnson. Timing depends on the specific area of finance you're interested in, for instance IB-ers get interviewed first. There are also treks for different career interests throughout Christmas break and beyond. Corporate briefings start mid-September and we've already met with quite a few alumni.
The CMC is very involved in the recruitment process both when it comes to internships as well as full-time ops. They have special programs to prepare you for interviews (Passport, Career Work Groups and Career Programming in addition to the usual one-on-one counseling and mock interviews + mock corporate briefing sessions). Then your chosen immersion prepares you for your actual internship. The CMC staff are exceptionally dedicated and approachable. All of them have numerous years of experience in the industry they advise on, I'm sure they have their bios posted on the Johnson website.
Please let me know if there's anything else I can help with. I hope I've been able to address your questions so far.
