Investment banking is a profession that requires more than an undergraduate degree. You must have a certain kind of GPA, special abilities, and a solid network to be successful in the business. Many financial professionals aspiring to become financial professionals question what schools will aid them in their pursuit of the career.
Bulge bracket investment banks typically recruit for their analyst and associate positions from a select group of universities. These are called ”target schools.” If you want to land an executive position at a top investment bank, it’s crucial to go to one of these schools.
The top investment banking institutions are those that consistently send a significant amount of graduates to the biggest investment banks, and have impressive undergrad placement rates. Some of these schools offer extracurricular activities or student groups that let students gain exposure to the industry, such as the Stern Finance Society and Booth’s renowned finance curriculum.
This year, Cornell tops the list of top investment banking schools and is followed by MIT and Columbia. All three are Ivy League institutions that have a long history of sending graduates to Wall Street. The University of Texas at Austin is a third school that was selected. The www.dataroomssoftware.net/7-top-vdr-providers/ McCombs School of Business offers financial track and a finance major.
Although you may still be able to get into a top investment bank even not attending the school of your choice, it will be significantly more difficult. The most realistic path for students who aren’t targeted is to sign up with a middle market regional firm and then gradually move lateral to an upward-facing bracket.