| Topic Name: |
Relative Yields among H/W/S |
| Message Name: |
Not singularly dimensioned |
| Date Posted: |
12/02/1999 |
| In Reply To: |
I'm a prospective student without investment banking experience planning on going into investment banking following business school. I realize conventional wisdom lends to attending Wharton.
However, I've made some other observances in favor of a school like Harvard that I'm interested in gaining further insight on:
1) the overall breadth of experience at Harvard or Stanford may provide further opportunity in the mid- to long-term, especially if one opts out of investment banking
2) due to the large number of students intent on investment banking at Wharton, it may be even more ideal to obtain such a job through Harvard or Stanford
comments? (I should add that in the end I realize the decision should come down to personal fit with the program) |
| Message: |
I'd like to take a moment to stress that I believe that Wharton's breadth of strengths is quite comparable to the others you mention. First, I'd point out that consulting firms hire more grads than I-banks. Second, I'd point to the all the startups and relatively new high tech firms people are going to. The yields at places like McK and GS have decreased over the past few years, because the demand for students is much, much broader than Goldman and Merrill coming in.
As data I offer the 1999 placement report:
1999 Graduates
Consulting 31.9%
Investment Banking/Brokerage 26.5%
High-Tech 12.6%
Investment Management 5.1%
Diversified Financial Services 5.1%
Venture Capital 3.6%
Consumer Goods 3.2%
Commercial Banking 3.2%
Pharmaceuticals/Biotech/Health Products 1.9%
Health Care Services 1.2%
1999 Summer Interns
Consulting 28.0%
Investment Banking/Brokerage 24.9%
High-Tech 12.2%
Investment Management 5.8%
Pharmaceuticals/Biotech/Health Products 3.4%
Diversified Financial Services 3.4%
Venture Capital 3.3%
Consumer Goods 3.0%
Commercial Banking 2.2%
Automobile/Transportation Equipment 2.1%
Entertainment 2.0%
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