Baruch College among the “Top 25 Universities for Getting a Front-Office Job” at J.P. Morgan and Goldman SachsRanking identifies top schools where the global investment firms recruit and those that best prepare graduates for client-facing positions
December 10, 2018
Baruch College has been ranked among the “Top 25 universities for getting a front-office job at J.P. Morgan” and the “Top 25 universities for getting a front-office job at Goldman Sachs” by eFinancialCareers, adding to the College’s growing roster of recognition for preparing students for career success.
In the two rankings, Baruch placed:
- #5 for J.P. Morgan
- #19 for Goldman Sachs
On both lists, Baruch College joins such prominent U.S. and U.K. schools as Harvard University, Stanford University, University of Chicago, Cornell University, University of Oxford, and University of Cambridge, among others.
“We are proud that our graduates are being hired by top financial firms,” said H. Fenwick Huss, Willem Kookyer Dean, Zicklin School of Business. “Zicklin’s business programs prepare our students to compete in the global business marketplace.”
The rankings are based on the total number of alumni from each school currently working at J.P. Morgan and Goldman Sachs, courtesy of LinkedIn, combined with employment data from an eFinancialCareers database that tracks the percentage of graduates from each school who work in front-office positions at the banks.
J.P. Morgan: “Big Headliner is Manhattan’s Baruch College”
eFinancialCareers, a trade publication, reports that the highest ranked schools on the J.P. Morgan list “isn’t all that surprising,” with London School of Economics, New York University, Columbia University, and University of Pennsylvania occupying the first four spots.
“However, the big headliner is Manhattan’s Baruch College, which has been quietly feeding Wall Street for decades with its finance-heavy curriculum and its close proximity to Wall Street. More Baruch alumni currently work at J.P. Morgan than any other school, according to our research,” the publication said.
Goldman Sachs: “Four Percent Chance of Receiving an Offer”
The odds of landing a job at one of the world’s premier investment banks is daunting.
According to eFinancialCareers, individuals have about a four percent chance of receiving an offer if they apply for a role at Goldman Sachs. Additionally, the publication says if a job applicant did not attend an Ivy League school, their acceptance rate “drops precipitously.”
Starr Career Development Center
The eFinancialCareers rankings point to several factors that are hallmarks of Baruch, including: excellent academics, students known for being strivers, and a robust career center engaging with undergraduates the moment they step on campus, to Commencement, and beyond.
Baruch’s Starr Career Development Center offers a seemingly endless list of resources and support services, including skill development programs, internship and job search help, resume and interview workshops, and multiple career fairs.
Besides being student-focused, the career center cultivates relationships with prestigious and top-tier firms and organizations that open doors for students.
“Starr has helped broker a number of touch points for students to interact with recruiters and alumni from J.P. Morgan and Goldman Sachs,” said Ellen Stein, director of the Starr Career Development Center. “We have hosted the firms through various events on campus, and have encouraged students to attend.”
According to Stein, the Center has “a track record of Financial Leadership students obtaining internships and employment at top-tier investment firms. Alumni of this program, who are in front-office positions, come back to Baruch and participate on panels, conduct mock interviews, and network and mentor students.”
Stein added that, “Baruch alumni continue to clear the pathway for students to apply for these type of coveted positions.”
The Center’s executive summary report for 2017 reveals that over 1,100 employers hired Baruch students. Some of the top employers were JP Morgan, Ernst Young, Morgan Stanley, Deloitte, RSM, Citi, Bank of America, Moody’s, KPMG, and BNY Mellon.
# # #