Hey, I'm a junior and I'm seriously considering a career on Wall Street, like investment banking or asset management. Which schools are considered 'target schools' for these industries? Any advice on the best way to get into these fields would be appreciated!
Hey there! I'm glad you're looking into Wall Street careers early on. For investment banking and asset management, there are indeed certain colleges that are considered 'target schools.' These universities tend to have strong business programs, excellent recruiting relationships with top firms, and successful alumni networks. Here's a list of some known target schools:
1. University of Pennsylvania (Wharton School)
2. New York University (Stern School of Business)
3. Harvard University
4. Columbia University
5. Yale University
6. Princeton University
7. Cornell University
8. Dartmouth College (Tuck School of Business)
9. University of Chicago (Booth School of Business)
10. MIT (Sloan School of Management)
11. Stanford University
12. Northwestern University (Kellogg School of Management)
It's important to note that attending these top schools can definitely help your chances, but it's not the only way to break into Wall Street. There are also 'semi-target' schools like Georgetown University, Brown University, Duke University, UC Berkeley (Haas School of Business), and the University of Michigan (Ross School of Business) that have strong connections to the finance industry.
Regardless of the school you attend, focus on the following to improve your chances of getting into investment banking or asset management:
1. Network: Many roles in finance are filled through personal connections or referrals. Attend networking events, join finance clubs, and reach out to alumni in the field.
2. Internships: Secure internships at financial firms early on, starting with smaller firms or boutiques and working your way up.
3. Strong GPA: Maintain a high GPA in a rigorous major, such as finance, economics, or business. Although not required, completing relevant coursework can contribute to your overall knowledge and credibility.
4. Competitions and case studies: Participate in finance-related competitions, such as case studies or stock pitch contests. These can help you gain exposure and practical skills in the industry.
Remember that breaking into Wall Street is a highly competitive process, so be persistent and proactive in your efforts. Keep learning, networking, and gaining experience, and you'll be well on your way to a successful career in finance. Good luck!
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