The Trading Lab at the Darla Moore School of Business is a popular gathering place for Carolina Finance Scholars working on company pitches and other school work. (Courtesy photo)
8. Inside Darla Moore’s Pipeline To Top Wall Street Firms
Spencer Allen, a rising junior majoring in finance and international business, is mapping out a promising career in investment banking. In May, he secured a summer 2023 internship at Jefferies Group – one of Wall Street’s powerhouse bulge bracket investment banks – as a summer analyst in their Aerospace, Defense and Government group.
Allen, like other young business students looking to break into the cut-throat industry, leveraged the alumni network from his business school, connecting with a Jefferies mentor to help him navigate the recruiting and hiring process.
Here’s the catch: Allen isn’t a student at NYU Stern, The Wharton School, Harvard University, or any of the top 25 feeder schools for investment banking. He attends the University of South Carolina’s Darla Moore School of Business, far flung from the finance epicenters in New York City or San Francisco.
“I definitely think the Carolina Finance Scholars Program is punching above their weight. Although the University of South Carolina is not considered a target school, it has been able to break through this barrier and send numerous kids to elite investment banking, consulting, asset management, and wealth management firms,” Allen told P&Q this summer as part of our popular Under The Radar series.
The periodic feature series highlights the hidden gems, the best kept secrets, and innovative programs in undergraduate business education.
Starting salaries for business majors are soaring in industries such as investment banking and consulting.
7. Starting Salaries & Bonuses For Business Majors In 2021
Starting salaries are soaring in industries such as investment banking and consulting, and graduates with a business degree from a top-10 school can walk away with an average of $83,980 in salary and signing bonuses. The adjusted compensation for a Wharton first-year graduate averaged $94,894 in 2021, more than any other school in our ranking of the Best Undergraduate Business Schools.
A major consideration in our ranking is career outcomes, and the schools on this list posted simply astronomical numbers for average first-year salaries and bonuses.
This data analysis report is almost always one of our year’s most read stories, coming at No. 7 for 2022.
You can pour through all the data here.
P&Q’s 50 Best Undergraduate Business School Professors.
6. Poets&Quants’ Top 50 Undergraduate Professors of 2022
Another one of our most popular collections is our annual features: P&Q’s 50 Best Undergraduate Business School Professors. This year, we received more than 500 nominations from students, alumni, colleagues, and school deans taking the time to put into words what these outstanding professors meant to their students, their departments, and the business community at large.
Nominations came from more than 50 of the best undergraduate business programs, including a dozen international schools. 2022’s list includes 30 women – the most we’ve ever honored – and professors from 39 different schools. The Wharton School at the University of Pennsylvania had the most winners with three.
“A pillar of my teaching philosophy is understanding and acknowledging that students have a variety of things going on with them that extends outside of my classroom,” says David F. Arena Jr. of the University of Texas at Arlington, the youngest professor in the collection at just 29 years old.
“As a general point of practice, I want my students to succeed – something I tell them at every natural chance I get. I make an effort to follow through to enact on this espoused value at every turn, and want to be seen as a resource (not a barrier) for my student’s success.”
See the full list, and read through the professor profiles, here.
Tech, the most represented industry on the list of highest paying internships, accounted for 17 out of the top 25.
5. The Highest-Paying Internships Of 2022
If you’re looking for a high-paying internship this summer, look no further than in tech. Tech companies, including Roblox, Uber, and Salesforce all led Glassdoor’s highest-paying internships ranking this year.
Tech, the most represented industry on the list, accounted for 17 out of the top 25 of highest paying internships. Finance and consulting made up the rest of the internships. Glassdoor calculated the median monthly base pay of salaries left by current or former U.S.-based interns between February 14, 2021 and February 12, 2022 to compile the ranking.
While most of the internship titles at tech firms were software engineering or development-related, there were both tech and non-tech roles that made the list as well.
“These roles included technical ones, like data science and engineering, financial analysis, UX, machine learning and non-technical ones like product management, marketing and D&I specialists,” according to Glassdoor economist Lauren Thomas.
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