The field of investment banking is one that requires more than an undergraduate degree. You must have a certain kind of GPA, special skills, and a solid network to be successful in the field. Many future financial professionals are interested in knowing which schools will be the most beneficial in pursuing their career.
Bulge bracket investment banks usually employ analysts and associate positions from a specific group of universities. These are referred to as “target schools.” If you want to land an entry-level job at an investment bank, it’s imperative to go to one of these schools.
The best investment banking school is one that consistently sends a large number of graduates to most prestigious investment banks, and has impressive placement statistics for students in the undergrad level. Some of these schools offer extracurricular activities and student groups which expose students to the industry. Examples include the Stern Finance Society or Booth’s renowned Finance Curriculum.
This year, Cornell tops the list of 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 different school that made the cut. Its McCombs School of Business has an accounting major and an Investment Banking track.
It will be more difficult to get into an investment bank with top-quality if you do not attend an institution that is a target. The best alternative for students who are not targeted is to begin with a regional firm in the middle market and then move to an upper bracket.
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