Cornell Johnson Placement in IB/PE

I've looked through the career report for the 2 year ithaca program and I am curious to learn more about where people place in IB/PE/VC as the report doesn't have exact numbers.

For IB, where do most people end up? Which firms are target? (are JPM, MS, GS) What proportion end up in Tier 1 vs 2 vs 3? Do people going through this path end up as lifers in IB or do they move well to PE/VC/HF after?

For PE, is the school target for any of the large funds or does anyone place at KKR or Blackstone?
Thanks

 
Best Response

Johnson places very strongly in IB for school of its caliber (IE non-M7). The career report does actually break down IB - look at job placement by function. I'm class of 2015 and the past 3 years 17%+ of the class has gone to IB - that's higher than almost any non-M7 school (besides Stern).

As far as firm placement, it's a target for all BBs except for MS and Barclays, although a couple people go to those firms each year through off campus recruiting. Most of the hiring is concentrated in Tier 2/3 BBs - Citi, BAML, DB. I'd say 2/3 of the group that goes to IB ends up at BB/EB and 1/3 at MM firms (Jeffries, Piper, STRH, Robert Baird, etc). In terms of EBs, Lazard, Moelis and Evercore recruit on campus (Evercore is new in the past 1-2 years).

For PE/VC, maybe 3-4% of the class gets a job in the field each year, and its exclusively through off-campus networking. You will be very hard pressed to find PE/VC firms that recruit on campus outside the MBA business schools">M7 (and even outside of HSW). Also, almost no one goes into those fields without pre B-school experience in IB/PE/VC. There are exceptions but they are few and far between. I have never heard of anyone placing at a megafund post-MBA.

 

Thanks again, I heard on Reddit that in order to recruit for IB at Cornell, the IB club needs to accept you? Is that true? How do they decide whether or not you can?

 

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