Along with consulting, investment banking has traditionally been a popular destination for MBA students, but which business schools will enhance your chances of gaining a place?
Using our own database, encompassing around 1.3 million CVs, we’ve endeavoured to create a top 20. We have around 100,000 MBAs on our system and tracked the first job attained post-qualification of them all over a ten-year period.
We wanted to find the proportion of people from all the business schools on our system that moved into a ‘front office’ investment banking role – namely, corporate finance, sales and trading , equity research and capital markets – in one of the major institutions after completing their MBA.
In order to get the rankings, we’ve allocated a greater weighting to those gaining a position in a tier one investment bank (Bank of America Merrill Lynch, Citi, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley), followed by tier two banks (Barclays, Credit Suisse, UBS) and finally tier three institutions (BNP Paribas, HSBC, Royal Bank of Scotland and SocGen). The final score also factors in the overall proportion of MBAs from a particular school that secured a front office investment banking role immediately after completing the qualification.
Suffice to say, there are a couple potential pitfalls we should point out. Firstly, because we’re dealing with CVs, we have to hope that people are being honest about their employment history.
Secondly, if the proportion of people working in the investment banking sector seems high, it’s because we’re a financial website and therefore the majority of people who choose to upload their CV on eFinancialCareers have a focus on the financial sector. We also factored in for any change in name/ownership of a particular bank over the time period.