Investment banking is a field that requires more than just an undergraduate degree. To get into the field you require a specific GPA, specialized knowledge, and a solid network. Many financial professionals who are aspiring are unsure of which institutions will be the most beneficial in making a career.
Typically investment banks in the bulk bracket hire for analyst and associate positions certain universities. They are also known as “target schools.” These schools are essential for those who want to secure an internship at an investment bank that is a top one.
The best investment banking schools are those which consistently send a substantial number of grads to the biggest investment banks and have impressive numbers of undergrads being placed. Some of these schools have extracurricular programs or student groups that let students gain exposure to the business for example, the Stern Finance Society and Booth’s famous finance curriculum.
This year, Cornell tops the list of best investment banking schools and is 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 is much more difficult to get into an investment bank of the top tier when you don’t datarooms software net go to a target school. The best option for students who aren’t likely to be considered for a target is to start with a regional company in the middle market and then move up to an upper bracket.