Georgetown McDonough | Mr. Navy Vet
GRE 310, GPA 2.6
Stanford GSB | Mr. Pizza For Breakfast
GMAT 730, GPA 3.6
INSEAD | Mr. Behavioral Changes
GRE 336, GPA 5.8/10
Chicago Booth | Ms. IB Hopeful
GMAT 710, GPA 2.77
London Business School | Mr. Indian Banking Leader
GMAT 750, GPA 3.32
Columbia | Mr. Infra-Finance
GMAT 710, GPA 3.68
Kenan-Flagler | Mr. Top Performer
GMAT 730, GPA 3.3
Harvard | Ms. Comeback Kid
GMAT 780, GPA 2.6
Darden | Mr. Military Communications Officer
GRE Not taken yet, GPA 3.4
Kellogg | Ms. Retail To Technology
GMAT 670, GPA 3.8
Ross | Mr. Top 25 Hopeful
GMAT 680, GPA 3.3
UCLA Anderson | Ms. Qualcomm Quality
GMAT 660, GPA 3.4
Chicago Booth | Ms. Hotel Real Estate
GMAT 730, GPA 3.75
Chicago Booth | Mr. EduTech
GRE 337, GPA 3.9
Yale | Mr. Gay Social Scientist
GMAT 740, GPA 2.75 undergrad, 3.8 in MS
MIT Sloan | Mrs. Company Leader
GMAT 760, GPA 2.92
Wharton | Mr. Cross-Border
GMAT 780, GPA 3.7
UCLA Anderson | Mr. Career Change
GMAT Have yet to take. Consistent 705 on practice tests., GPA 3.5
HEC Paris | Mr. Introverted Dancer
GMAT 720, GPA 4.0
Kellogg | Mr. Safety Guy
GMAT 720, GPA 3.3
Kellogg | Mr. Danish Raised, US Based
GMAT 710, GPA 10.6 out of 12
Harvard | Mr. Aspiring FinTech Entrepreneur
GMAT 750, GPA 3.9
Stanford GSB | Mr. Fill In The Gaps
GRE 330, GPA 3.21
McCombs School of Business | Mr. Texas Recruiter
GMAT 770, GPA 3.04
USC Marshall | Mr. Strategy Consultant
GMAT 730, GPA 4.0
Berkeley Haas | Mr. Entertainment Agency
GMAT 750, GPA 3.8
Chicago Booth | Mr. Quant
GMAT 750, GPA 3.7

Where Top MBAs Work In Finance

consultantThe biggest bucks in the MBA world typically go to graduates who venture into Wall Street. That’s where the big bonus money tends to be, the kind of cash that can dramatically inflate one’s income, particularly if you are anywhere near high stakes deal making.

If you want to work in finance, it makes sense to target the business schools that send graduates to the firms for which you want to work. Looking at a school’s latest employment report is certainly a start. But we’ve done something better. Poets&Quants has dug through the database of LinkedIn member profiles to find out how many MBAs from the Top 25 schools work at the leading financial service institutions.

Though hardly definitive, searches of LinkedIn’s database provide a fascinating and fairly accurate glimpse at what you could call the “market penetration” of a school’s MBAs in any one firm. Sure, not everyone has a profile on LinkedIn, though people who fail to list with the world’s number one professional network are certainly in the minority at this point. It’s also possible that LinkedIn’s search algorithm could be slightly askew and count undergraduate business majors from schools such as the University of Pennsylvania’s Wharton School and Indiana University’s Kelley School of Business, which both have large undergrad programs.

NYU’S STERN SCHOOL DOES VERY WELL–DUE TO ITS SIZABLE PART-TIME PROGRAM

In any case, we think the results are worth a look–and we think you’ll find them quite compelling. According to LinkedIn, the big standout appears to be New York University’s Stern School of Business, probably thanks to its sizable part-time MBA program. At Citi, for example, there are nearly 800 Stern grads alone.  At Goldman Sachs, according to LinkedIn, the total is 482, 100 more than Wharton.

The data essentially shows what you would expect: Schools where finance is king do extremely well with these leading companies, especially Wharton, Columbia, Chicago Booth, and Stern. But you’ll also notice that a wide range of schools are sending MBAs into this industry at every major firm. The number one financial employer of Harvard MBAs is Goldman. The same is true of Stanford and Wharton grads.

For Chicago Booth and Columbia Business School MBAs, on the other hand, the number one financial employer is Citi, which respectively employs 172 and 342 grads, according to LinkedIn. For Northwestern Kellogg MBAs, the top financial employer appears to be J.P. Morgan, with 129 Kellogg degree holders.

I-BANK BOUTIQUES, HEDGE FUNDS, VC AND PE SHOPS HAVE BECOME MORE POPULAR

Of course, ever since the economic implosion in 2008, the financial sector has been struggling to recover. Many firms have laid off thousands of employees and made hiring cutbacks. Some schools have made up for the decline by sending more MBAs into boutique investment banks, private equity, venture capital and hedge fund shops. Those companies tend not to show up high on this list because they are significantly smaller and recruit fewer MBAs. Yet the highest paid grads in recent years have almost always landed jobs in PE firms and hedge funds.

Consider a boutique such as Evercore. Based on LinkedIn data, the investment banking firm has just 15 Harvard Business School MBAs, 48 Wharton grads, and 29 from Columbia Business School. But it rarely shows up on lists of the major financial employers of MBAs because it recruits in far lower numbers than the bulge bracket banks.

(See following page for our table on the Top 25 schools)

About The Author

John A. Byrne is the founder and editor-in-chief of C-Change Media, publishers of Poets&Quants and four other higher education websites. He has authored or co-authored more than ten books, including two New York Times bestsellers. John is the former executive editor of Businessweek, editor-in-chief of Businessweek. com, editor-in-chief of Fast Company, and the creator of the first regularly published rankings of business schools. As the co-founder of CentreCourt MBA Festivals, he hopes to meet you at the next MBA event in-person or online.