London Business School & Finance

London Business SchoolA quick glance at London Business School: LBS currently ties for first place as the best international business school in the world (alongside Chicago Booth in the U.S.), according to Bloomberg Businessweek (2012) and fourth place in the world by The Financial Times (2013).

London Business School’s Class of 2013

This year’s graduating class had 403 students. The age range of the students was 24-37, with an average of 5.7 years of work experience. The average GMAT score for the class of 2013 was 700. 45% of entering students come from the Corporate Sector, 31% from Finance backgrounds, and 24% from Consulting.

London Business School tracks the number of career switchers from other industries to finance. Of the 128 graduates in the class of 2012 who entered the finance industry, 23% transitioned from consulting backgrounds, 19% transitioned from the Corporate Sector, and 58% were continuing from previous backgrounds in the finance industry.

London Academics Related to Finance

In London’s flexible 15-21 month MBA program, students receive the opportunity to explore the business world through experiential learning and an international outlook.

In Year 1 students take core courses (descriptions found here) broken up into three terms:

Term 1 courses:

•      Corporate Finance
•      Data, Models and Decisions
•      Financial Accounting
•      Managerial Economics
•      Strategy

Term 2 courses:

•      Operations Management Marketing Managing Organizational Behavior
•      Management Accounting

Term 3 Courses:

•      Business, Government and Society
•      Discovering Entrepreneurial Opportunities
•      Global Business Environment
•      London Business Experiences

The second year of study is spent on Capstone Projects and on Global Business Experiences (GBE).

GBE destinations for finance students may include Boston/New York City (Understanding Incentives in the Asset Management Industry) or Hong Kong (Developing China’s Financial Future).

Students also take 10-12 electives and can choose from different subject areas. Finance students would choose from the following elective courses:

•      Advanced Corporate Finance
•      Behavioural Finance
•      Capital Markets & Financing
•      Credit Risk
•      Derivatives
•      Equity Investment Management
•      Financial Engineering and Risk Management
•      Fixed Income Securities
•      Hedge Funds
•      International Finance
•      Mergers, Management Buyouts and Other Corporate Reorganisations
•      Real Estate Finance
•      Topics in Asset Management

London Finance Clubs and Competitions

•      Finance Club
•      Responsible Business Club
•      Global Social Venture Competition (GSVC)
•      Private Equity & Venture Capital Club
•      European Business School MBA Private Equity Case Competition
•      LBS Stock Pitch Competition
•      Financial Services Essay Competition

Finance Hiring Stats at London Business School

The chart below shows the hiring stats for 2012 MBA careers in finance:

Salary Range (USD)
Base Salary $66,274-$225,000
Sign-On Bonus $7,380-$155,940
Year-End Bonus $9,356-$249,504

-

33% of LBS students in the class of 2013 had internships in the finance sector:

•      19% – Investment Banking/Brokerage
•      5% – Investment Management/Research
•      4% – Private Equity/Buyouts
•      2% – Venture Capital
•      1% – Retail and Commercial Banking
•      1% – Government and Supranational
•      1% – Other Financial Services

Top full-time hirers in the finance industry and the number of students they recruited include:

Citi 12
Deutsche Bank 11
Goldman Sachs 7
Barclays 5
Bank of America Merrill Lynch 4
Credit Suisse 3
J.P. Morgan 3
Morgan Stanley 3
Santander 3
Actis 2
Canter Equity Partners 2
Coller Capital 2
Fidelity Worldwide Investment 2
First Reserve Corporation 2
GE Capital 2
International Finance 2
Corporation (IFC) Itau Unibanco 2
Moelis & Company 2

Top summer intern hirers and the number of interns they hired include:

Credit Suisse 15
J.P. Morgan 8
Citi 8
Barclays 6
Nomura 6
HSBC 6
Deutsche Bank 6
Fidelity Worldwide Investment 4
Goldman Sachs 4
Bank of America Merrill Lynch 3
Standard Chartered Bank 3
BMO Bank of Montreal 2
Atomico 2
Moelis & Company 2
Morgan Stanley 2
Coller Capital 2
Pala Investments 2
PIMCO 2
ADC African Development 2
Corporation Itau Unibanco 2
International Finance Corporation 2

-

Are you applying to London Business School’s MBA program? Please see our London Business School Zone  for more information on how Accepted.com can help you get accepted.









Accepted.com

Which B-Schools are Best for Finance Students?

You’ll find the answer to that question in our newest special report, MBA In Sight: Focus on Finance.

FocusOnFinance Cover

If you’re aiming for a future in finance, then you’ll want to attend the schools that will support your finance goal. MBA In Sight: Focus on Finance will introduce you to top programs that put a heavy emphasis on finance.

In this free guide we highlight the courses, research centers, study abroad options, career stats, courses, and clubs at some of the best b-schools in the world that will position finance students for a successful future in the finance industry.

Download your free copy of MBA In Sight: Focus on Finance now!







Accepted.com

MBA Admissions: Chicago Booth & Finance

Chicago Booth

Chicago Booth

A quick glance at University of Chicago’s Booth School of Business: Booth currently ranks in sixth place as one of the best business schools, according to US News & World Report (March 2013). It was ranked #2 for finance.

Chicago Booth Class of 2013 and Finance

4031 people applied to Chicago Booth in 2012; 23% were accepted and 62% enrolled.

The Booth class of 2014 has an average five years of work experience and an average GMAT score of 720. The mean age at the time of entering Booth was 28 years.

Booth Academics Related to Finance

Booth offers a highly flexible, analytic curriculum that focuses heavily on identifying problems and implementing creative solutions. Experiential learning and classroom dialogue are also important elements of the Booth experience.

Students are required to take three foundation courses (including finance courses Financial Accounting, Accounting & Financial Analysis, and Financial Statement Analysis), six courses from the Functions, Management, and Business Environment course listing (including Introductory Finance, Investments, Corporation Finance, Portfolio Management, Advanced Investments, Theory of Financial Decisions, Asset Pricing, Financial Instruments, Fixed Income Asset Pricing, Cases in Financial Management, Entrepreneurial Finance, and Private Equity), and eleven elective courses. Finance students would choose their electives from the finance-related concentrations such as Accounting, Analytic Finance, and Finance.

Students must also take a leadership course Leadership Effectiveness and Development (LEAD).

Chicago Booth also offers a wide selection of “labs.” These hands-on courses allow students an opportunity take part in real-world business challenges. The most relevant lab for those interested in finance would be the Private/Equity/Venture Capital Lab.

Financial Research Centers at Chicago Booth

•    Accounting Research Center (ARC)
•    Center for Research in Security Prices
•    Fama-Miller Center for Research in Finance
•    The Initiative on Global Markets

Chicago Booth Extracurricular Clubs and Competitions for Finance Students

•    Investment Banking Group
•    Investment Management Group
•    Corporate Finance Group
•    Credit Restructuring Distressed Investing and Turnaround Group
•    Hedge Fund Group
•    Million Dollar Portfolio Challenge
•    National IPO Challenge
•    Private Equity Group
•    Venture Capital Investment Competition (VCIC)
•    Sterling Partners Investment Thesis Challenge
•    Warren Buffet Group

Finance Employment Stats at Chicago Booth

In 2012, 34.8% of Chicago graduates accepted full-time jobs in the finance industry.

Industry % of Hires / # of Hires
Investment Banking/Brokerage 20.2%/94
Diversified Financial Services 7.3%/34
Investment Management/Research 7.3%/34

-

For internships for the class of 2013, 35.8% of students landed internships in financial services.

Industry % of Hires / # of Hires
Investment Banking/Brokerage 15.6%/88
Investment Management/Research 9.2%/52
Private Equity 5.5%/31

-

Top hirers include:

Name of Company
Number of
Full-Time Students
Hired, 2012
Number of Interns
Hired, 2012
Bank of America/Merrill Lynch   . 14 6
Credit Suisse 14 16
Morgan Stanley 12 11
Goldman Sachs 9 8
Citigroup, Inc. 7 8
Deutsche Bank 7 9
JPMorgan Chase & Co. 7 10
UBS 6 7
Barclays 5 7
PIMCO 5 9
Wells Fargo Securities 5 4
M&T Bank Corporation 4 1

-

Are you applying to Chicago’s Booth School of Business? Please see our Chicago Booth B-School Zone and Chicago Booth Application Packages for more information on how Accepted.com can help you get accepted.








Accepted.com

MBA Admissions: Michigan Ross & Financial Services

MIchigan Ross

“11th Place for Finance”

A quick glance at Michigan Ross currently ranks in 13th place as one of the best business schools, according to US News & World Report (March 2012). It is ranked in 11th place for finance.  

Ross’s Class of 2014

This year’s incoming class had 502 people in it. The average GMAT score was 703 and the class has an average undergraduate GPA of 3.4. The average number of years of work experience for the class of 2014 is 5 years.

26% of the class of 2014 students have undergraduate degrees in engineering; 24% in business; 21% in humanities/social sciences; 15% in economics; 5% each in math/physical sciences and computer science; and 4% in other areas.

Ross Academics Related to Finance

First-year students take required core courses during their first 3 terms (each year consists of 4 terms). (See a list of required courses here.)

A highlight of the Ross curriculum (not specific to finance students) is the Multidisciplinary Action Projects (MAP) course. This required first-year spring semester (term Winter B) course provides opportunities for students to work on collaborative projects for a global, hands-on, action-based, real-life experience.

2012 projects that would interest finance students include conducting a feasibility study for the Acumen Fund, promoting market liquidity for the Buenos Aires Stock Exchange, accessing potential candidates for a specialization initiative at JPMorgan Chase & Co., developing risk assessment at Piper Jaffray & Co., and others.

Year 2 students choose electives in their functional area and in other areas. Electives offered in the finance subject area include:

FIN 615 - Valuation
FIN 614 - International Financial Management II
FIN 624 - Private Equity Finance
FIN 637 - Finance and the Sustainable Enterprise
FIN 513 - Financial Analysis
FIN 621 - Corporate Financial Policy
FIN 630 - Corporate Control
FIN 631 - Risk Management in Banks and Financial Institutions
FIN 633 - Securitization
FIN 645 - Advanced Valuation Techniques
FIN 725 - Applied Financial Analysis and Portfolio Management
FIN 525 - Introduction to Portfolio Management
FIN 609 - Fixed Income Securities and Markets
FIN 612 - International Financial Management I
FIN 614 - International Financial Management II
FIN 618 - Derivative Instruments
FIN 640 - Financial Trading
FIN 566 - Real Estate Finance and Investment I
FIN 567 - Real Estate Finance and Investment II
FIN 623 - Venture Capital Finance
FIN 580 - Options and Futures in Corporate Decision Making
FIN 608 - Capital Markets and Investment Strategy
FIN 629 - Financing Research Commercialization
FIN 647 - Corporate Financial Strategy
FIN 565 - Real Estate Development

***

Michigan Ross Finance Clubs

Finance Hiring Stats at Michigan Ross

The chart below shows the hiring stats for 2012 MBA careers with finance functions:

Function Percent Base Salary Range ($) Median Signing Bonus ($)
Corporate Finance 8.5 60,000-130,000 20,000
Investment Banking 4.9 100,000-125,000 50,000
Sales & Trading 1.1 95,000-150,000 20,000
Other Finance 4.4 30,000-100,000 40,000

***

Job acceptances in the finance industry:

Industry Percent Base Salary Range ($) Median Signing Bonus ($)
Financial Services 7.4 82,000-125,000 40,000
Investment Banking 5.5 65,000- 150,000 40,000

***

For 2012 interns, the job function breakdown is:

Function Percent Annualized Base Salary Range ($)
Corporate Finance 7.6 30,000-114,000
Investment Banking 6 60,000-150,000
Investment Management 1.3 42,000-105,000
Other Finance (Private Client Services/Wealth Management -1.5% and Private Equity – 1.5%) 5.1 18,000-120,000

***

And for internships in the finance industry:

Industry Percent Annualized Base Salary Range ($)
Financial Services 7.8 46,152 – 125,004
Investment Banking 6.5 18,000-150,000

***

Top hirers include:

  • PricewaterhouseCoopers LLP – 10 hires/9 interns
  • Citi – 9 hires
  • Ernst & Young LLP – 8 hires
  • Goldman Sachs Group – 8 interns

Are you applying to Michigan’s Ross School of Business? Please see our Michigan Ross B-School Zone and Ross School of Business Application Packages for more information on how Accepted.com can help you get accepted.








Accepted.com Accepted.com ~ Helping You Write Your Best

MBA Admissions: UCLA Anderson & Finance

UCLA

“9th Place for Finance”

A quick glance at UCLA Anderson currently ranks in 15th place as one of the best business schools, according to US News & World Report (March 2012). It is ranked in 9th place for finance.  

Anderson’s Class of 2014 Profile & Finance

3335 people applied to UCLA Anderson in 2012; the target class size was 360. The age range of students is 23-39 (with an average of 28) with 5.8 years of work experience (average). The average GMAT score was 704 and the class has an average undergraduate GPA of 3.54.

27% of class of 2014 students have undergraduate degrees in business; 20% in engineering; 16% in economics; 20% in humanities; 11% in math/computer science/physical science/biological science; and 4% in other areas.

In terms of pre-MBA work experience, the largest group of students came from the financial services industry (at 26% of the class). This is followed by 21% in high tech industries and 17% in consulting. 4% of the class has industry experience in real estate and 5% come from Entertainment and Media.

Anderson Academics Related to Finance

One of the trademarks of the Anderson curriculum is its customizability. The program features nine core courses that students may sequence according to their own career goals. In the fall quarter of the first year, finance students will take a finance course in addition to the fixed core courses (instead of marketing). In the winter quarter, students may choose to take the core strategy course or an elective course. (If they choose an elective, then they’ll take the strategy course in the spring. Consultants will probably want to take the strategy course as early as possible since the material will be relevant in their internships.)

Second year course schedules are designed by each individual student based on his or her chosen academic track and/or specialization(s).

There are four tracks to choose from and numerous specializations that will take students even deeper into their chosen field. Finance students would choose the Finance Track and one or more of the following specializations: Accounting, Corporate Finance, Investment Management, and Real Estate. To complete a specialization, you must complete four courses in that category. (See a list of required specialization courses here.)

There is also an option of receiving a minor in accounting.

For a complete list of finance courses, see this page.

Finance Research Centers at UCLA Anderson

UCLA Anderson Finance-Related Clubs

Financial Services Hiring Stats at UCLA Anderson

26.5% of the class went into the financial services industry. The charts below indicate the hiring stats for 2011 finance students:

Industry Percent Base Salary Range
Investment Banking 11.6 $20,000 – $188,000
Investment / Asset Management 7 $90,000 – $150,000
Diversified Financial Services / Retail / Banking / Credit Cards 2.1 $80,000 – $115,000
Private Equity 2.1 $50,000 – $150,000
Other Financial Services 2 $90,000 – $100,000
Insurance 1.7 $70,000 – $105,000
***
Function Percent Base Salary Range
Investment Banking 9.5 $20,000 – $188,000
Corporation Finance / Financial Analysis / Treasury 8.3 $65,000 – $120,000
Research Analyst / Portfolio Manager 5.8 $25,000 – $60,000
Private Wealth Management 2.1 $100,000 – $100,000
Venture Capital / Private Equity 2.1 $50,000 – $150,000
Sales & Trading 1.7 $100,000 – $110,000
Real Estate Finance 1.2 N/A
Accounting / Auditing 0.8 N/A

For internships for the class of 2012, the stats are as follows:

Industry Percent Monthly Salary Range
Investment Banking 14 $1,280 – $11,100
Investment / Asset Management 5.8 $1,000 – $10,000
Commercial Banking 1.8 $1,000 – $7,083
Private Equity 1.8 $3,000 – $9,000
Diversified Financial Services / Retail Banking Cards 1.5 $6,923 – $7,000
***
Function Percent Monthly Salary Range
Investment Banking 9.7 $1,280 – $11,100
Research / Portfolio Manager 3.7 $1,000 – $10,000
Corporation Finance / Financial Analysis / Treasury 7.9 $1,000 – $7,500
Private Wealth Management 2.1 $1,000 – $10,000
Commercial Banking / Lending 2.1 $1,000 – $7,083
Sales & Trading 2.4 $3,000 – $8,500
Venture Capital / Private Equity 2.4 $3,000 – $8,000
Real Estate Finance 1.8 $6,000 – $12,000
Other Finance / Accounting Functions 0.9 N/A
  • Bank of America Merrill Lynch
  • Barclays Capital
  • Citigroup, Inc.
  • Credit Suisse
  • Deutsche Bank
  • Goldman Sachs
  • Houlihan Lokey
  • Morgan Stanley
  • Royal Bank of Canada
  • Trust Company of the West

Are you applying to UCLA’s Anderson School of Business? Please see our UCLA Anderson B-School Zone and Anderson Application Packages for more information on how Accepted.com can help you get accepted.








Accepted.com Accepted.com ~ Helping You Write Your Best

MBA Admissions: NYU Stern & Finance

NYU Stern

“3rd Place for Finance”

A quick glance at NYU Stern currently ranks in 11th place as one of the best business schools, according to US News & World Report (March 2012). It is ranked in third place for finance.  

Stern’s Class of 2014 and Finance

3907 people applied to NYU Stern in 2012; the entering class size was 389. The average GMAT score was 720 and the class has an average undergraduate GPA of 3.51. The average number of years of work experience for the class of 2014 is 4.8 years.

26% of class of 2014 students have undergraduate degrees in business and commerce; 22% in economics; 21% in engineering, math, and science; 17% in social sciences; and 14% in humanities, arts, or other areas.

In terms of pre-MBA work experience, the largest group of students came from the financial services industry (at 23% of the class). This is followed by 11% in consulting and 10% in banking.

NYU Academics Related to Finance

There are four phases to the Stern curriculum:

Phase 1: A 2-week orientation program called LAUNCH that introduces students to New York City and to b-school with tours, panel discussions, speakers, and other activities.

Phase 2: First year core classes. All students must take 2 required courses (Financial Accounting & Reporting and Statistics & Data Analysis) and choose 5 courses from the Menu Core (Firms & Markets, Foundations of Finance, The Global Economy, Leadership in Organizations, Marketing, Operations Management, and Strategy). Students can take electives in their first year. Students can obtain waivers for core classes if they have proficiency in the subject matter.

Phase 3: Summer Internship.

Phase 4: Second year core and elective courses. The core course for second year students is Professional Responsibility. Other than that, students take elective courses. Up to 5 of these courses may be taken at another NYU grad school.

Finance Electives at Other NYU Grad Schools
Electives at NYU School of Law: 

  • Corporations
  • Mergers and Acquisitions
  • Survey of Securities Regulation

Electives at NYU Graduate School of Arts and Sciences:

  • Development of Economics
  • Economics/Financial History of Europe
  • Math for Economists
  • Seminar in Econometrics
  • Theory of Economic Development

Electives at NYU Courant Institute of Mathematical Sciences: 

  • Derivative Securities
  • Financial Engineering Models for Corporate Finance
  • Case Studies in Financial Modeling

Students graduate with an MBA in General Management and between 0-3 specializations. It is within these specializations that students will choose their elective courses. Relevant specializations for those interested in finance are Finance, Banking, Corporate Finance, Financial Instruments and Markets, Accounting, Financial Systems and Analytics, and Quantitative Finance. (Click on the links to see sample courses from each of the categories.)

You can view the complete list of NYU Stern courses here.

Between semesters, students may study abroad by participating in the Doing Business in…(DBi) Program. There are also semester abroad programs, global courses (that include trips overseas), and International Club Treks. (More details on these global programs and others can be found here.)

There is also a dual degree offering of an MBA/MS in Mathematics in Finance.

Finance Research Centers at NYU Stern

NYU Stern Finance-Related Clubs

Financial Services Hiring Stats at NYU Stern

The charts below indicates the hiring stats for 2011 finance careers: 

Industry Percent Base Salary Range ($)
Investment Banking 2 80,000 – 175,000
Diversified Financial Services 11 92,000 – 140,000
Investment Management/Hedge Fund 4 75,000 – 150,000
Private Equity/Venture Capital 3 N/A
Function Percent Base Salary Range ($)
Investment Banking 18 80,000 – 175,000
General/Corporate Finance 7 70,000 – 135,000
Sales/Trading 5 100,000 – 105,000
Investment Management 2 75,000 – 115,000
Private Banking/Private Client Services 2 100,000 – 125,000
Private Equity 2 N/A
Structured/Project Finance 1 N/A

Top finance hirers include: (an asterisk indicates that the company hired 3 or more students in 2011):

  • American Express*
  • Bank of America Merrill Lynch*
  • Barclays Capital*
  • Citi*
  • Credit Suisse*
  • Deutsche Bank*
  • Federal Reserve Bank of NY*
  • GE*
  • Goldman Sachs*
  • HSBC*
  • JPMorgan*
  • MetLife Investments
  • Morgan Stanley*
  • Nomura Securities*
  • PIMCO
  • RBC Capital Markets*
  • Standard & Poor’s
  • UBS*

Are you applying to NYU’s Stern School of Business? Please see our NYU Stern B-School Zone and Stern School of Business Application Packages for more information on how Accepted.com can help you get accepted.







Accepted.com Accepted.com ~ Helping You Write Your Best

MBA Admissions: Stanford GSB & Finance

Stanford GSBA quick glance at Stanford Graduate School of Business: It currently ties in first place (with Harvard Business School) as the best business school, according to US News & World Report (March 2012). It is ranked #6 for finance).

Stanford GSB Class of 2014 Class Profile: Finance

6716 people applied to Stanford GSB in 2012; 398 matriculated as new students this fall.

Students admitted this year have an average of 4.2 years of work experience. The average GMAT score for the class of 2014 is 729.

Previous industry experience related to finance: 12% entered Stanford with industry experience in financial services; and 17% reported private equity/venture capital work experience.

Stanford Academics Related to Financial Services

The Stanford GSB curriculum, which is based on the noble calling of management, is individually tailored according to work experience, background, and career goals. During the first year students choose from a menu of required courses (see detailed first year curriculum here) and during the second year students build their own curriculum of electives (see details on the second year curriculum here).

The finance-related required courses are:

  • Financial Accounting
  • Corporate Finance
  • Managerial Finance

Other finance courses include:

  • FINANCE201. Managerial Finance. 4 Units.
  • FINANCE204. Managerial Finance – Accelerated. 4 Units.
  • FINANCE211. Corporate Finance: Applications, Techniques, and Models. 3 Units.
  • FINANCE214. Accelerated Corporate Finance: Applications, Techniques, and Models. 3 Units.
  • FINANCE310. Managerial Finance – Advanced. 4 Units.
  • FINANCE319. Private Equity Investing Seminar. 4 Units.
  • FINANCE320. Debt Markets. 4 Units.
  • FINANCE321. Investment Management and Entrepreneurial Finance. 3 Units.
  • FINANCE322. Financial Intermediaries and Capital Markets. 4 Units.
  • FINANCE324. Practical Corporate Finance. 4 Units.
  • FINANCE326. Derivative Securities. 4 Units.
  • FINANCE327. Financial Markets. 4 Units.
  • FINANCE329. Investment Seminar. 4 Units.
  • FINANCE330. Investment Management: Asset Allocation and Asset/Manager Selection. 4 Units.
  • FINANCE331. Practical Corporate Finance. 4 Units.
  • FINANCE335. Corporate Valuation, Governance and Behavior. 4 Units.
  • FINANCE341. Modeling for Investment Management. 3 Units.
  • FINANCE345. History of Financial Crises. 4 Units.
  • FINANCE346. Institutional Money Management. 4 Units.
  • FINANCE350. Corporate Financial Modeling. 4 Units.
  • FINANCE351. Advanced Corporate Financial Modeling. 4 Units.
  • FINANCE361. Behavioral Finance. 4 Units.
  • FINANCE373. Entrepreneurial Finance. 4 Units.
  • FINANCE381. Private Equity in Frontier Markets: Creating a New Investible Asset Class. 4 Units.
  • FINANCE385. Angel and Venture Capital Financing and Decision Making. 3 Units.
  • FINANCE562. Financial Trading Strategies. 2 Units.
  • FINANCE587. Private Equity – Understanding the Deal. 2 Units.
  • FINANCE620. Financial Markets I. 3 Units.
  • FINANCE621. Financial Markets II. 4 Units.
  • FINANCE622. Dynamic Asset Pricing Theory. 4 Units.
  • FINANCE624. Corporate Finance Theory. 4 Units.
  • FINANCE625. Empirical Asset Pricing. 3 Units.
  • FINANCE626. Advanced Corporate Finance. 3 Units.
  • FINANCE628. Finance Pre-Seminar Reading Course. 1 Unit.
  • FINANCE630. Empirical Corporate Finance. 3 Units.
  • FINANCE632. Empirical Dynamic Asset Pricing. 4 Units.
  • FINANCE633. Advanced Empirical Corporate Finance. 4 Units.

Finance Research Centers at Stanford

Steyer-Taylor Center for Energy Policy and Finance

Clubs for Stanford Marketing Students

Finance and Investment Club

Private Equity Club (PE)

Venture Capital Club (VC)

Finance Hiring Stats at Stanford GSB

36% of the class of 2011 graduates secured jobs in the finance industry. See details below.

Industry Percent Median Base Salary ($) Median Signing Bonus ($)
Private Equity/LBO 14 150,000 25,000
Venture Capital 7 150,000 N/A
Hedge Funds 6 150,000 25,000
Investment Management 5 114,500 40,000
Investment Banking 4 100,000 40,000
Finance Other 2 107,500 40,000

38% of graduates received full-time jobs with a finance function:

Function Percent Median Base Salary ($) Median Signing Bonus ($)
Private Equity/Analyst 13 160,000 25,000
Analyst 6 125,000 25,000
Venture Capital 6 150,000 N/A
Investment/Portfolio Management 6 139,800 30,000
Investment Banker 4 100,000 40,000
Finance Other 4 100,000 40,000

For internships, 32% of class of 2012 students obtained positions in the finance industry. Details are as follows:

Industry Percent Median Monthly Base Salary ($)
Private Equity/LBO 8 8,000
Hedge Funds 6 10,000
Venture Capital 6 6,000
Investment Banking 5 8,333
Investment Management 5 9,000
Finance Other 2 5,600

34% of students reported summer internships with finance job functions.

Function Percent Median Monthly Base Salary ($)
Private Equity/Analyst 8 8,000
Analyst 7 9,000
Investment/Portfolio Management 7 9,000
Investment Banker 5 8,333
Venture Capitalist 4 5,598
Finance Other 3 6,000

To see the broad array of companies recruiting at Stanford, please see Recruiting Organizations 2011-2012.

Are you applying to Stanford Graduate School of Business? Please see our Stanford B-School Zone and Stanford Application Packages for more information on how Accepted.com can help you get accepted.







Accepted.comAccepted.com ~ Helping You Write Your Best!

MBA Admissions: Harvard Business School & Finance

Harvard Business School

HBS ranks in first place.

A quick glance at Harvard Business School: HBS currently ranks in first place (tied with Stanford) as the best business school, according to US News & World Report (March 2012). It was ranked as seventh for finance.  

Harvard Business School Class of 2014 Profile

8,963 people applied to Harvard Business School in 2012; 13% were admitted and 925 enrolled.

The Harvard class of 2014 students have an average age of 27 and a median GMAT score of 730. 43% of students have educational backgrounds in economics and business. 12% (or 112 students) worked in financial services prior to attending b-school.

HBS Academics Related to Finance

The Harvard Business School curriculum is divided into two parts: the required curriculum (RC) and the elective curriculum (EC). Students spend their first year taking RC courses which cover fundamental business practices, as well as FIELD courses, smaller, hands-on projects that complement the case-method style used in the RC courses.

Term 1 Required Courses:

  • Finance 1
  • Financial Reporting and Control
  • Leadership and Organizational Behavior
  • Marketing
  • Technology and Operations Management

Term 2 Required Courses:

  • Business, Government, and the International Economy
  • Strategy
  • The Entrepreneurial Manager
  • Finance 2
  • Leadership and Corporate Accountability

Elective courses in the second year enable students to delve deeper into the subject areas that most interest them.

Finance Courses:

Course Title Faculty Name Credits
Behavioral and Value Investing Robin Greenwood 3.0
Business at the Base of the Pyramid (also listed under Marketing ) Shawn ColeMichael Chu 3.03.0
Corporate Financial Management Lucy White, Yuhai Xuan 3.0
Creating Value in Business and Government (HKS-HBS Joint Degree Seminar) W. Carl Kester, John D. Donahue 3.0
Creating Value Through Corporate Restructuring Stuart Gilson, Bo Becker 3.0
Dynamic Markets Joshua D. Coval 3.0
Entrepreneurial Finance (also listed under Entrepreneurial Management) William Sahlman, Joseph Lassiter, Ramana Nanda 3.0
Field Course: Entrepreneurship through Acquisition (also listed under Entrepreneurial Management) Richard S. RubackRoyce Yudkoff 3.0
Field Course: Housing in the United States Nicolas Retsinas 3.0
Field Course: Impact Investing and Social Commercial Models(also listed under Marketing) V. Kasturi RanganMichael ChuShawn Cole 3.0
Field Course: Stock Pitching Lauren Cohen, Christopher J. Malloy 3.0
Financial Management of Smaller Firms (also listed under Entrepreneurial Management ) Richard S. RubackRoyce Yudkoff 3.0
Introduction to Financial Institutions (also listed under General Management) Robert C. Pozen 3.0
Investment Strategies Lauren Cohen, Christopher J. Malloy 3.0
Management of Real Estate Investment Portfolios: Q3 Nori Gerardo Lietz 1.5
Management of Real Estate Investment Portfolios: Q3Q4 Nori Gerardo Lietz 3.0
Private Equity Finance Paul A. Gompers, Victoria Ivashina 3.0
Real Asset Finance Andre F. Perold 1.5
Real Estate Development, Design, and Construction John Macomber, Christopher GordonA. Eugene Kohn 1.5
Real Estate in Frontier Markets Nicolas Retsinas 3.0
Real Property Arthur Segel 3.0
Sustainable Cities; Urbanization, Infrastructure, and Finance John D. Macomber 1.5
Venture Capital and Private Equity (also listed under Entrepreneurial Management) Matthew Rhodes-Kropf, Alexander Ljungqvist 3.0
Venture Capital in Historical Perspective (also listed under Entrepreneurial Management) Tom Nicholas, G. Felda Hardymon 1.5
Venture Capital in Historical Perspective: Research Component (also listed under Entrepreneurial Management) Tom Nicholas, G. Felda Hardymon 1.5

Clubs for HBS Finance Students

Financial Services Employment Stats at Harvard Business School

35% of the class of 2012 graduates received jobs in the finance industry. See chart for sub-categories and salary details:

Class of 2012 Salary by Industry Destinations % 25th % Base Salary Median Base Salary 75th % Base Salary Median Signing Bonus % Receiving Signing Bonus
Financial Services 35% $100,000 $125,000 $150,000 $40,000 62%
Commercial Banking <1% * * * * *
Diversified/Insurance <1% * * * * *
Hedge Fund 5% $125,000 $142,500 $150,000 $27,500 50%
I-Banking 7% $100,000 $100,000 $100,000 $40,000 97%
I-Management 4% $110,000 $115,000 $125,000 $32,500 95%
Private Equity/LBO 15% $133,750 $150,000 $200,000 $30,000 43%
Venture Capital <1% * * * * *
Other Financial Services 2% $97,500 $100,000 $115,000 * *

And by function:

Class of 2012 Salary by Functional Destinations % 25th % Base Salary Median Base Salary 75th % Base Salary Median Signing Bonus % Receiving Signing Bonus
Finance 36% $100,000 $125,000 $150,000 $35,000 63%
Accounting/Auditing <1% * * * * *
Corporate Finance <1% * * * * *
Investment Banking 6% $100,000 $100,000 $100,000 $40,000 96%
Investment Management/Hedge Fund 9% $110,000 $125,000 $150,000 $30,000 71%
Sales & Trading <1% * * * * *
VC/Private Equity/LBO 16% $127,500 $150,000 $200,000 $25,000 42%
Other Finance 4% $100,000 $107,500 $115,000 $20,000 73%

Historically by industry:

  2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Financial Services 41% 28% 31% 36% 42% 44% 45% 31% 34% 39%
  Investment Banking 13% 7% 6% 7% 10% 11% 9% 6% 10% 10%
  Investment Management 9% 7% 7% 10% 10% 12% 10% 8% 9% 12%
  Private Equity / LBO 9% 6% 9% 9% 13% 12% 17% 11% 9% 14%
  Venture Capital 3% 2% 2% 3% 3% 3% 4% 2% 3% 1%
  Other Finance 7% 6% 7% 7% 6% 6% 5% 4% 3% 2%

Historically by function:

  2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Finance – Corporate 3% 10% 6% 7% 6% 8% 2% 2% 2% 1%
Finance – Professional Services 32% 18% 25% 30% 34% 37% 43% 30% 32% 38%

(These statistics – and more – can be found on HBS’s Employment Statistics page.)

A Few Finance Recruiters at HBS

  • Goldman Sachs
  • Morgan Stanley
  • Merrill Lynch
  • Credit Suisse
  • Citigroup
  • Bain Capital, Inc.
  • Fidelity Investments
  • UBS Investment Bank
  • The World Bank Group

Are you applying to Harvard Business School? Please see our Harvard B-School Zone, Harvard Application Packages, and Harvard Business School 2013 Essay Questions and Tips for more information on how Accepted.com can help you get accepted.

Accepted.com Accepted.com ~ Helping You Write Your Best

MBA Admissions: Columbia Business School & Finance

Columbia

Columbia

A quick glance at Columbia Business School: Columbia currently ranks in eighth place as one of the best business schools, according to US News & World Report (March 2012). It was ranked #4 for finance.  

Columbia’s Class of 2013 and Finance

6669 people applied to Columbia Business School; 1062 applicants were accepted (16% acceptance rate). The middle 80% of accepted students had GMAT scores in the 680-760 range. The Columbia Business School class of 2013 has an average of four years of work experience and a median GMAT score of 720.

29% of class of 2013 students have undergraduate degrees in business.

The greatest number of students entered CBS with industry experience in financial services (28%). 7% had prior experience in private equity.

CBS Academics Related to Finance & Economics

Students are required to take two full core courses and 12 half-term core courses, three of which are chosen from the “flex-core” menu.

First Term Core Courses

Second Term Core Courses

“Flex-Core” Menu

With more than half of Columbia Business School’s MBAs securing jobs in finance-related jobs, it’s no surprise that the Finance and Economics Division is CBS’s largest division. Students who wish to pursue careers in this industry would take their first year electives and second year courses from the courses listed below.

Courses Focused on Finance

The table here shows which courses would be appropriate for specific finance-related careers. And this table shows a similar chart for PE/VC careers.

Columbia CaseWorks Cases that will be of interest to students pursuing careers in the finance sector include:

(See full list here.)

Financial Research Centers at Columbia Business School

CBS Finance-Related Clubs

Finance Hiring Stats at Columbia Business School

In 2011, 50.3% of CBS graduates accepted full-time job offers in the finance industry.

 

Industry Percent Base Salary Range
Commercial Banking <1

114,500 – 125,000

 

Diversified Financial Services 2.6

90,000 – 130,000

 

Hedge Funds/Mutual Funds/Fund of Funds 5.5

95,000 – 300,000

 

Investment Banking/Brokerage 27.2

90,000 – 150,000

 

Investment Management 6.7

85,000 – 225,000

 

Private Equity/Venture Capital 5.7

90,000 – 180,000

 

Research and Ratings <1

85,000 – 120,000

 

Other (including Insurance/Microfinance/

Public Finance/Treasury)

1.4

80,000 – 110,000

 

For internships for the class of 2012, 54% of students landed interns in the financial services. The monthly salary range by industry:

Industry Percent Base Salary Range
Diversified Financial Services 2.4 2,000 – 7,200
Hedge Funds/Fund of Funds/Mutual Funds 7.1 2,500 – 13,000
Investment Banking/Brokerage 28.8 1,923-12,000
Investment Management 5.5 3,000-9,616
Private Equity 5.7 2,000-18,000
Venture Capital 2.7 1,000-10,400
Other (including Commercial Banking/Insurance/Ratings) 1.8 5,120-10,000

 

Top hirers include:

  • Goldman, Sachs & Co. –18 graduates
  • Citi – 16 graduates
  • Deutsche Bank AG – 13 graduates
  • Credit Suisse – 12 graduates
  • American Express Company – 11 graduates
  • Barclays – 11 graduates
  • Bank of America/Merrill Lynch – 10 graduates
  • JPMorgan Chase & Co. – 9 graduates
  • Morgan Stanley – 8 graduates
  • UBS AG – 8 graduates
  • Nomura – 6 graduates
  • Jeffries & Company, Inc. – 4graduates
  • Standard Chartered Bank – 4 graduates
  • Fidelity, Lazard, PIMCO – 3 graduates each

 

Are you applying to Columbia Business School? Please see our Columbia B-School Zone and Columbia Business School Application Packages for more information on how Accepted.com can help you get accepted.







Accepted.com Accepted.com ~ Helping You Write Your Best

MBA Admissions: Wharton and Financial Services

Wharton

Wharton

A quick glance at Wharton: Wharton currently ranks in third place as one of the best business schools, according to US News & World Report (March 2012). For finance, Wharton was ranked as number one.

Incoming Wharton Students and Financial Services

The class of 2013 has an average of four years of work experience and a median GMAT score of 720.

16% of class of 2013 students entered Wharton with industry experience in private equity/venture capital; 14% had experience in investment banking; and 5% had previous industry experience in some other financial services.

29% have undergraduate degrees in business.

Wharton Academics Related to Financial Services

Wharton has a new, updated curriculum as of 2012 that features a core curriculum with 3.5 credits in fixed courses taken with your cohort and 5.5 credits in flexible courses. The core focuses on analytical skills such as accounting, finance, marketing, management, operations, statistics, and microeconomics, as well as on “soft skills” like ethics, communication, and leadership skills. Students then specialize in an area of study by choosing courses that satisfy major and elective requirements. Students can major in one or two concentrations.

Students interesting in this sector would major in Finance. Finance is Wharton’s most popular major and may be chosen in conjunction with another major (usually Marketing, Operations and Information Management, or Strategic Management).

There are two required courses counted towards the Finance major:

  • Corporate Finance (FNCE 601)
  • Macroeconomics and the Global Economic Environment (FNCE 602)

In addition, the major requires four credit units of upper division finance courses. (For details on major requirements, please see MBA Resource 2012-13 p. 30.):

  • Accelerated Corporate Finance (FNCE612)
  • Financial Derivatives (FNCE717)
  • International Financial Markets (FNCE719)
  • Investment Management (FNCE720)
  • Real Estate Investment Analysis Financing (FNCE721)
  • Commercial Bank Management (FNCE723)
  • Urban Real Estate Economics (FNCE724)
  • Fixed Income Securities (FNCE725)
  • Advanced Corporate Finance (FNCE726)
  • Corporate Valuation (FNCE728)
  • Urban Fiscal Policy (FNCE730)
  • International Corporate Finance (FNCE731)
  • International Banking (FNCE732)
  • Capital Markets (FNCE738)
  • Behavioral Finance (FNCE739)
  • International/Multinational Corporate Finance (FNCE748)
  • Venture Capital and the Finance of Innovation (FNCE750)
  • The Finance of Buyouts and Acquisitions (FNCE751)
  • Financial Engineering (FNCE892)
  • Global Monetary and Financial Institutions: Theory and Practice (FNCE893)
  • Managing Fixed Income Portfolios (FNCE894)
  • Private Equity (FNCE895)
  • Finance in Europe (FNCE896)
  • Finance in the Middle East and North Africa (FNCE897)

(See course descriptions here.)

Students seeking careers in financial services would work closely with the following research centers:

During winter and spring breaks, students may participate in one of Wharton’s Global Modular Courses (GMC), courses that expose students to the “challenges and opportunities in regions undergoing rapid change.” Some past modular courses of interest to finance students include Finance in Europe (in London) and Building Future Markets (in Cape Town).

Another international opportunity for finance students that complement Wharton’s mission of “Knowledge into Action” is the Global Career Treks. Organized by students and MBA Career Services, these treks provide students with group interviews with prominent companies in various sectors, including those in venture capital/private equity.

Finance-Related Clubs and Extracurricular Activities at Wharton

  • Finance ClubThis club works closely with the career management department and with recruits, and runs events for students interested in the following areas of finance: capital markets, international finance, investment banking, non-banking corporate finance, and private client services.
  • Private Equity & Venture Capital ClubThis club runs events and activities that focus on career development, skill development, and networking for students interested in venture capital, growth capital and buyouts.
  • Investment Management ClubThe mission of this club is to provide members with “education, mentoring and career advice while building a larger and more tight-knit community of investment managers.”
  • Sales & Trading ClubThis club focuses on providing its members with recruiting opportunities for summer internships and full-time jobs in the sales and trading industries, including structured finance positions.

 

Other groups and conferences that may interest finance students include the Wharton Social Venture Fund, the Finance Conference, the Investment Management Conference, and the Community Consultants.

Finance Hiring Stats and Top Finance Companies Hiring at UPenn Wharton

In 2011, 38.54% of Wharton graduates accepted full-time job offers in the financial services industry. Broken down according to subspecialty, the percentages are as follows:

 

Diversified Financial Services 4.94%
Hedge Funds/Other Investments 3.34%
Investment Banking/Brokerage 16.56%
Investment Management 6.05%
Private Equity/Buyouts/Other 7.01%
Venture Capital 0.64%

 

For internships for the class of 2012, 47.68% of students landed interns in the financial services industry, with details as follows:

Diversified Financial Services 2.78%
Hedge Funds/Other Investments 7.02%
Investment Banking/Brokerage 18.54%
Investment Management 6.62%
Private Equity/Buyouts/Other 9.8%
Venture Capital 2.78%

 

Top hirers include:

  • American Express Company
  • Banco Itau BBA S.A.
  • Bank of America Merrill Lynch
  • Barclays Bank, PLC
  • Baring Private Equity Asia Limited
  • Capital One Services, Inc.
  • China International Capital Corporation Limited (CICC)
  • Citibank
  • Citigroup
  • Credit Suisse
  • Deutsche Bank
  • Fidelity Investments
  • Goldman Sachs & Company
  • H.I.G. Capital
  • J.P. Morgan
  • Merchants’ Gate Capital, LP
  • Moody’s Investors Service
  • Morgan Stanley
  • Nomura Holding America, Inc.
  • Pacific Investment Management Company, LLC
  • QVT Financial, LP
  • RBC Capital Markets
  • Standard Chartered Bank
  • UBS Financial Services, Inc.
  • Wells Fargo Securities

Are you applying to Wharton? Please see our UPenn Wharton B-School Zone and UPenn Wharton Application Packages for more information on how Accepted.com can help you get accepted.








Accepted.com Accepted.com ~ Helping You Write Your Best