These are the top 10 colleges if you want to land a job on Wall Street

Water Cooler Careers
#1

https://www.businessinsider.com/top-10-colleges-for-landing-wall-street-job-2018-10

Ever wonder what university you should attend if you want to land that plum Wall Street job?

There’s a handful of colleges that top banks heavily recruit and hire from.

That’s according to Wall Street Oasis, an online community for financial professionals. As part of its 2018 Investment Banking Report, it showcased which undergraduate institutions are most attractive to bulge bracket investment banking firms like JPMorgan, Citigroup, Goldman Sachs and Bank of America.

The percentage indicates the overall submissions (salary, interview or company reviews) to Wall Street Oasis’ company database from students at certain schools, which provides a snapshot into what universities the big banks are favoring.

Here are the top colleges.

  1. University of Virginia UVA - Charlottesville, Virginia (1.9%)

  2. University of Michigan - Ann Arbor, Michigan (1.9%)

  3. University of Chicago - Chicago, Illinois (1.9%)

  4. University of California, Berkeley - Berkeley, California (2.0%)

  5. The University of Texas at Austin - Austin, Texas (2.1%)

  6. Columbia University - New York City, New York (2.5%)

  7. Cornell University -Ithaca, New York (3.0%)

  8. University of Pennsylvania - Philadelphia, Pennsylvania (3.1%)

  9. Harvard University - Cambridge, Massachusetts (3.3%)

  10. New York University - New York City, New York (3.9%)

#2

https://www.wallstreetoasis.com/investment-banking-industry-reports

According to the source article, “bulge bracket” banks don’t pay as much as non bulge bracket banks in 2018. I find this to be pretty amusing - the term really means nothing nowadays.

#3

That makes some sense, as the bulge bracket banks carries some “perceived prestige” with them, they can afford to stick to the new recruits.

#4

Yes, you are right. However, what these numbers imply is that you won’t make more money at “bulge brackets” now at all levels, not just at entry level, which was the case in the past. Bigger banks have higher capital and compliance costs, and many face political pressure from previous scandals. These effects have weighed on compensation.

Name premium is not as strong as it was in the past either. The top few US banks still have good reputations, but years of retrenchment have eroded other banks. A 2007 style tiered ranking of institutions no longer makes sense today.

#5

Hook 'Em Horns

#6

NYU is #1?

#7

^Location is a big advantage.

#8

See below from OP. This is basically a survey of active posters on WSO. I do not post on WSO, and therefore am unrepresented. Starting a thread with the title “These are the top 10 colleges if you want to land a job on Wall Street” and then posting this survey is one of the more inaccurate things I’ve seen in a while. Wendy must be in marketing. The logical connection between the first part of the below statement and the bolded part is also pretty suspect.