Can you get into investment banking without going to an Ivy League school? (2024)

Can you get into investment banking without going to an Ivy League school?

You might find this surprising, but 35% of our successful students actually come from non-target schools. And another 20% of our successful students come from semi-target schools. This means that over half of our successful students didn't come from target schools.

Can you get into investment banking without Ivy League?

You may not land your dream job, but you could land your dream company, and perhaps you could network like crazy once you are in and move internally. The bottom line is that you will have to work harder to get noticed by a top-tier bank than those who attend the ivy-league schools, but it is possible.

Do investment banks only hire Ivy League?

Three of the top schools that investment banks consistently interview and hire from include the University of Pennsylvania, New York University, and the University of Michigan at Ann Arbor. Beyond the top schools, the Ivy League schools, such as Harvard, are also key spots that investment banks look to hire from.

Do you need to go to a top school for investment banking?

Attending a target school makes the biggest difference if you want to work in investment banking or private equity at one of the largest firms (bulge bracket banks or PE mega-funds) in a major financial center. Outside of that, a better university still helps, but more so for your first job and less for future jobs.

Does Goldman Sachs only hire Ivy League?

Originally Answered: Do people who get hired by companies like Goldman Sachs generally come from Ivy League schools or other top universities (like Harvard or MIT)? Goldman Sachs recruits at top schools like the Ivy League schools, MIT, Duke, Stanford and Berkeley. They will hire students from other schools.

Is 3.5 GPA too low for investment banking?

Bulge bracket banks and almost all other investment banks will look at your GPA when applying for a job and you should include it in your resume. Typically banks screen resumes based on GPA and will often remove anyone below 3.5.

Is a 3.7 GPA good enough for investment banking?

A GPA of a 3.7+ can make up for weaker experience, but is by no means a gimme. Banks prefer good experience to good GPAs (subject to a minimum in the 3.3-3.5 range).

What school does Goldman Sachs hire from?

For example, Penn's first top employer is Goldman Sachs, because more Penn (undergraduate) alumni work at Goldman Sachs than at any of the other twelve banking firms.

What GPA do investment bankers need?

The typical investment banker has a graduate degree in business from an Ivy League school or other top-tier university and superior educational credentials [i.e., excellent grades (minimum 3.50 GPA), active participation in business and investment clubs, and participation in at least one internship or summer program at ...

What college do most investment bankers go to?

What are the odds of becoming an investment banker?

The lucrative and fast-paced career of an investment banker is a highly competitive one. For instance, in a recent year, 236,000 applicants competed for roughly 3,500 internships at Goldman Sachs. This is common across the industry where acceptance rates for programs are typically less than 2%.

What major is best for investment banking?

For those seeking a career in investment banking, a bachelor's degree in finance is a prerequisite. Other potential acceptable majors include bachelors in economics or bachelors in business supplemented with a minor in finance.

How do I break into investment banking?

Is Goldman Sachs harder than Harvard?

Bagging a job at Goldman Sachs (GS)' is a phenomenon rarer than receiving an acceptance letter from Harvard University.

Do all CEOs go to Ivy Leagues?

Only 11.8% of 2023 Fortune 100 CEOs attended an Ivy as undergrads. Only 9.8% hold an Ivy League MBA. Of the 20 CEOs of the nation's biggest companies by revenue, only 1 attended an Ivy (Amazon's Andy Jassy, who went to Harvard)

What is the lowest GPA to get into Goldman Sachs?

Goldman Sachs does not give a specific minimum GPA requirement, though some sources suggest a GPA of at least 3.6 is preferred. Additionally, you may need to show relevant coursework and hard skills for certain programs.

Does JP Morgan look at GPA?

Q: What are your GPA requirements? A: We value diverse degree backgrounds and experiences and while a GPA 3.2 (or equivalent) in your undergraduate degree is preferred it is not required. Our training programs are designed to allow everyone, regardless of major studied to succeed.

How many B's do you need for a 3.5 GPA?

A 3.5 GPA is 90% or a B+/A- average. This means you probably mainly earned B's (3.0) and A's (4.0) in your coursework.

Can I get into investment banking with bad grades?

Earning low grades makes it very difficult to win traditional investment banking roles. You can still do it if you can find a way to explain your results and counter objections, but it's not easy.

Does Goldman Sachs check GPA?

Goldman Sachs, like many other companies, considers GPA (Grade Point Average) as one of the factors in its recruitment process. However, the company does not have a fixed minimum GPA requirement, and other factors such as relevant experience, skills, and qualifications are also taken into consideration.

Is Harvard a target school for investment banking?

Harvard University is ranked #8 for total hires into the top U.S. investment banks and has a phenomenal Undergrad Placement % of 2.29%, coming in at #2 on the list just behind UPenn.

How much do Harvard investment bankers make?

Is Yale an IB target school?

Yale ranks #9 on our investment banking target school list and its undergrads have incredible access to the top firms on Wall Street. Yale is an Ivy League school and is home to the Yale School of Management. Like many other Ivy Leagues, Yale does not have an undergraduate business population.

Is Penn State a target school for investment banking?

Not to be confused with its Ivy League counterpart UPenn, Penn State is a large school with great athletics and reasonable placement into finance. Penn State ranks #33 on our investment banking target school list, classifying it as a "lower semi-target" school.

Does Goldman Sachs recruit from Princeton?

Princeton is particularly well represented at the bulge brackets, sending the most investment banking hires to Credit Suisse (23%), Goldman Sachs (17%), and J.P. Morgan (14%). Princeton has relatively low exposure to elite boutiques, sending only 9% of hires there.