Where Goldman Sachs, JPMorganChase & Morgan Stanley Hire Their MBAs

Goldman Sachs Tower, tallest building in New Jersey, Jersey City, August 12, 2011.

Overall Elite Boutique Placements

MBA Program Total % of overall banking placements
Columbia Business School 35 35.4%
Pennsylvania (Wharton)l 26 44.1%
Chicago (Booth) 18 29.5%
NYU (Stern) 17 22.1%
Northwestern (Kellogg) 12 41.4%
Cornell (Johnson) 12 26.7%
Virginia (Darden) 9 29.0%
Texas at Austin (McCombs) 8 38.1%
Dartmouth (Tuck) 6 26.1%
UNC (Kenan-Flagler) 5 33.3%
Harvard Business School 4 28.6%
London Business School 4 26.7%
Yale School of Management 4 18.2%
UCLA (Anderson) 3 20.0%
Southern California (Marshall) 2 22.2%
UC-Berkeley  (Haas) 2 14.3%
MIT (Sloan) 2 11.1%
Duke (Fuqua) 2 7.4%
Michigan (Ross) 1 4.5%
Stanford Graduate School of Business 0 0.0%
INSEAD 0 0.0%

Overall Investment Banking Placements

Top 5 – Overall Banking Placements as % of Class Size

MBA Program Totals % of class size
#1 NYU (Stern) 77 20.6%
#2 Cornell (Johnson) 45 16.1%
#3 Columbia Business School 99 13.1%
#4 Chicago (Booth) 61 10.4%
#5 Virginia (Darden) 31 9.2%

Swinging into the top 5 for the first time in this report, Cornell outperforms its in-state neighbor Columbia in overall banking placements as a percent of the class size.

Top 5 – Overall (Bulge Bracket Placements + Elite Boutique Placements) as % of Class Size*

*for schools with 5 or more placements in Bulge Bracket & Elite Boutique roles

MBA Program Totals % of class size
#1 Duke (Fuqua) 27 100.0%
#2 Southern California (Marshall) 9 100.0%
#3 Virginia (Darden) 30 96.8%
#4 Yale School of Management 21 95.5%
#5 UCLA (Anderson) 14 93.3%

Duke and Marshall place 100% of their investment banking graduates in highly competitive Bulge Bracket or Elite Boutique firms. Darden, Yale, and UCLA are all close behind; for students with ambitions to work in the upper tiers of investment banking, all programs in the list above should be seriously considered.

Overall Investment Banking Placements

MBA Program Total % of class size EB + BB as % of banking placements
Columbia Business School 99 13.1% 91.9%
NYU (Stern) 77 20.6% 88.3%
Chicago (Booth) 61 10.4% 85.2%
Pennsylvania (Wharton) 59 6.5% 91.5%
Cornell (Johnson) 45 16.1% 86.7%
Virginia (Darden) 31 9.2% 96.8%
Northwestern (Kellogg) 29 6.0% 79.3%
Duke (Fuqua) 27 6.6% 100.0%
Dartmouth (Tuck) 23 8.0% 82.6%
Michigan (Ross) 22 5.2% 86.4%
Yale School of Management 22 6.4% 95.5%
Texas at Austin (McCombs) 21 7.3% 85.7%
MIT (Sloan) 18 4.5% 83.3%
London Business School 15 3.2% 80.0%
UNC (Kenan-Flagler) 15 4.4% 66.7%
UCLA (Anderson) 15 4.2% 93.3%
Harvard Business School 14 1.5% 85.7%
UC-Berkeley (Haas) 14 4.8% 85.7%
Southern California (Marshall) 9 4.2% 100.0%
INSEAD 5 0.5% 80.0%
Stanford Graduate School of Business 2 0.5% 100.0%

In by-firm placements, Chicago Booth maintains its position slightly ahead of Wharton and behind Columbia and Stern. Cornell again finds itself in the top 5. Darden, just outside the top 5, outdoes Kellogg in total placements overall.

The full report can be downloaded at Menlo Coaching.

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