Investment banking requires more than a bachelor’s degree. You must have a certain kind of GPA, specialized abilities, and a solid network to enter the field. Many financial professionals who are considering a career in finance wonder which schools will help them most in pursuing their career.
Typically, investment banks in the bulk bracket employ associate and analyst positions certain universities. These are known as “target schools.” If you’re looking to get an employment at a top-of-the-line investment bank, it’s vital to go to one of these schools.
The best investment banking school is one which consistently sends a significant number of graduates to the most prestigious investment banks, and has impressive placement rates for students in the undergrad level. Some of these schools also have extracurricular programs or student groups that let students gain exposure to the industry including the Stern Finance Society and Booth’s famous finance curriculum.
This year, Cornell is the best investment banking school followed by MIT and Columbia. All three schools are Ivy League and have a tradition of sending graduates to Wall Street. The University of Texas at Austin is another school that was selected. Its McCombs School of Business has an accounting major and an Investment Banking track.
It will be a lot more difficult to gain access to an investment bank that is top-of-the-line when you don’t go to an institution that is a target. The most practical route for students who aren’t targeted is to sign with an established middle market company in the region and then gradually move lateral to an upward-facing bracket.