阅读正文

在MBA申请选校前值得一看的好文!

[日期:2007-07-21] 来源:ChaseDream论坛 作者:bullfrog [字体: ]

Go to MBA where the banks go to hire
Oct 29 2004
By Sarah Butcher

Some things are a non-starter. Paying thousands to study a Masters in Business Administration (MBA) that will do little to improve your career prospects is one of them.

There are over 1,300 universities, business schools and management colleges offering MBA programs. But investment banks typically recruit 70% or more of their MBA hires from just 10 to 15 top global institutions. If you attend one of the 1,285 not on their target list, your money could prove ill-spent.

'We have 10 or 12 schools that we visit proactively in the U.S.,' says one Wall Street recruiter in New York. 'They account for 60-70% of our hires.'

Wall Street banks hang back when it comes to going on the record with the schools they target. But in conversations with recruiters the same targets crop up again and again: Wharton (University of Pennsylvania), Columbia, Harvard, Chicago, MIT Sloan, Stanford, and to a lesser extent Michigan, Cornell, Kellogg, NYU Stern, Darden and UC Berkeley.

European investment banking recruiters are just as choosy. Most draw a proportion of MBA entrants from the top US schools, and in Europe they all visit the same haunts. Barclays Capital, Merrill Lynch, Morgan Stanley and Bank of America all favour the same three European business schools: London Business School, Insead and IESE. Only BarCap ventures further afield by targeting students at Manchester Business School, HEC in France and the Rotterdam School of Management.

MBA students at targeted schools have two main advantages: alumni and college visits. Former students of favoured schools encourage banks to continue hiring from their alma mater: 'We don't go to a school like Duke because we don't have a history of hiring there,' says Kristina Peters, regional head of campus recruiting for the Americas at Deutsche Bank.

Top schools are deluged with visits from banking recruiters. 'This year we've got Bank of America, Barclays Capital, Bear Stearns, Citigroup, Deutsche Bank, JPMorgan, Merrill Lynch, Morgan Stanley, Lehman Brothers and Royal Bank of Scotland attending our careers forum', says Kathleen Dolan, director of MBA career services at IESE.

The inevitable outcome of all this attention is that banks often hire multiple students from preferred schools. Take MIT Sloan, where 24% of the class of 2002 went into investment banking: ten students went to Merrill Lynch, nine to Goldman Sachs and six to Citigroup.

So what are the chances of becoming an investment banking associate if you are part way through an MBA at the University of Southern California or Lancaster University Management School? Not great. 'If you're not at a target school you should be in the top 5% of your class,' says one US recruiter.

But don't discount the possibility of getting hired entirely. Banks are opportunists: they will always consider applications from transparently talented candidates, no matter which school they've attended. Goldman Sachs has been known to employ alumni of the Cox Business School at the Southern Methodist University in Texas and the Carroll School of Management at Boston College.

Tom Wilson, director of campus recruiting for global markets and investment banking at Merrill Lynch, says the bank's strategy involves building long-term relationships with a diverse pool of high-caliber candidates. If you aren't at a top business school, it will help if you have someone to champion your cause: 'Great hires may come from the work of a single dedicated alum - or a referral from a professor or client,' says Wilson.

Nevertheless, recruiters admit in private that attending a targeted school can more than tip the scales. 'It's a big advantage,' says one. 'It's where we get most of our students.'

--------------------------------------
原文引自:
https://forum.chasedream.com/dispbbs.asp?boardID=13&ID=263570

参与讨论及查看更多的相关文章请访问【北美MBA申请区】
https://forum.chasedream.com/list.asp?boardid=13

打印 | 录入:Zeros
相关文章      
ChaseDream版权声明
最新活动

<< 查看更多 >>

QS World MBA Tour
北京 上海 成都 台北 香港
11-03 IESE MBA 招生官面对面
为什么要读 MBA
(上海)
11-02 ESSEC Global MBA 大师公
开课奢侈品品牌管理
(上海)
11-02 香港科技大学 HKUST MBA
Open House
(香港)
10-26 香港大学HKU商学院 Master
招生宣讲会
(深圳)
10-26 香港大学 HKU MBA 课程
咨询会
(深圳)
10-26 杜克全球 EMBA 课堂开放日
(上海)
10-25 密西根州立会计理学硕士
MSU MSA答疑说明会
(在线)
10-24 西班牙 IE 商学院联合
CFA Institute 大师课堂
(武汉)
NYU上海 联合硕士招生宣讲会
上海(10/23 26 30) | 在线(10/29)
10-23 迈阿密大学商学院STEM硕士
招生宣讲会
(在线)
10-22 西班牙 IE 商学院联合
CFA Institute 大师课堂
(北京)
10-22 中欧MBA学生行业分享会
医疗健康行业专场
(在线)
UCR 商学院赴美留学宣讲会
香港 沈阳 南京 上海 北京
HKUST MBA Info Session
上海10/20 深圳10/24
深圳高等金融研究院招生宣讲会
北京10/22-24 西安11/25 厦门11/28