Investment banking is a career that requires more than just an undergraduate degree. You require a certain level of GPA, advanced skills, and a solid network to get into the business. Many financial professionals who are considering a career in finance wonder which schools can help them in their pursuit of the career they want to pursue.
Bulge bracket investment banks typically employ analysts and associate positions from an elite group of universities. These are known as “target schools.” These schools are crucial in order to be able to get an entry-level job at the top investment bank.
The most reputable investment banking school is one that consistently sends a large number of graduates to largest investment banks and has impressive placement numbers for undergrads. Some of these schools also have extracurricular activities and student groups that allow students to be exposed to the industry like the Stern Finance Society and Booth’s renowned finance curriculum.
This year, Cornell tops the list of the top investment banking schools followed by MIT and Columbia. All three are Ivy League institutions that have many years of sending graduates to Wall Street. The University of Texas at Austin is a third school that made the cut. Its McCombs School of Business has an accounting major and an Investment Banking track.
It will be much harder to get into an investment bank that is top-of-the-line when you don’t go to the school of your choice. The most practical route for students who aren’t target students is to sign up with an established middle market company in the region and then gradually move to an upward-facing bracket.
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