According to May 2018 data from Wall Street Oasis, there’s an uptick in University of California Berkeley grads at Bank of America Merrill Lynch. Haas School of Business courtesy photo.
The reasons for these tendencies can vary — they could be location, alumni leadership, population of alumni who are then recruiting and begetting more alumni, or just plain preference.
“I think some of it tends to be that the leadership of firms favor certain schools or there are more alumni inside the firms,” Curtis reasons. “For instance, Morgan Stanley is known to really like Duke which doesn’t surprise me at all given that their long-time former CEO was a Duke graduate.”
Lastly, as far as university stats are concerned, WSO also offers a handy snapshot of year-over-year comparisons that offers some interesting insights on schools to watch as well as school/firm pairings to keep an eye out for. On the bulge bracket bank side, Southern Methodist University saw big gains as did UCLA and the University of North Carolina at Chapel Hill. Schools that took a dip include the University of Cambridge and Georgetown University. Interesting school/firm pairings include a spike in University of California-Berkeley grads at Bank of America Merrill Lynch and University of Chicago grads at both Wells Fargo and Deutsche Bank.
GETTING IN: INTERNSHIP OFFERS AND TOUGHEST INTERVIEWS
Finally, if you’re already enrolled in an undergraduate program, there are more WSO stats for you to glean career insights from. One of them being an analysis of firms that are more apt to extend full-time offers to their interns. Topping the list is Guggenheim Partners which, according to self-reported data from WSO community members, extends full-time offers to interns 100% of the time. Meanwhile, 70%-75% of the time, an intern will get a full-time offer from AlphaMetrix Group, Balyasny Asset Management, and Blackstone Group.
WSO also shares the skinny on which firms are the toughest to get into. Of the bulge bracket banks, the firm with the toughest interview is Citigroup followed by Goldman Sachs and Morgan Stanley. Lowest on this list, but still known for grueling interviews, is Bank of America Merrill Lynch.
DON’T MISS: SCHOOLS THAT HELP YOU GET THE JOB YOU REALLY WANT or THE BEST COMPANIES FOR RECENT GRADS
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