Investment banking requires more than a bachelor’s. You must have a certain amount of GPA, advanced capabilities, and a robust network to break into the field. Many future financial professionals are curious about dataroomssoftware.net/how-do-international-acquisition-strategies-differ-from-others which schools will be most helpful in the pursuit of their dream job.
Bulge bracket investment banks usually employ analysts and associate positions from a select group of universities. These are known as “target schools.” These schools are essential in order to be able to get an entry-level job at the top investment bank.
The best investment banking institution is one that consistently sends an impressive number of its graduates to the largest investment banks and has impressive placement numbers for undergrads. Some of these schools have extracurricular activities and student clubs that expose students to the industry. Examples include the Stern Finance Society or Booth’s renowned Finance Curriculum.
This year, Cornell is the best investment banking school followed by MIT and Columbia. All three are Ivy League institutions that have a long history of sending grads to Wall Street. The University of Texas at Austin is a third school that was selected. Its McCombs School of Business has a finance degree and an Investment Banking track.
It will be a lot harder to get into a top-tier investment bank when you don’t go to an accredited school. The best option for students who are not targeted is to begin with a regional company in the middle market, and then move up to an upper bracket.