Wall Street Oasis released its 2017 Investment Banking Report, which listed Duke among the ten undergraduate institutions that are most attractive to investment banking firms during the recruitment and hiring process.
The top ten schools listed in the report accounted for 21.9 percent of the overall distribution of recruitment and hiring efforts from the bulge bracket banks—which Wall Street Oasis defines as the “largest and most profitable multi-national investment banks in the world.” Duke specifically accounted for 1.8 percent of the overall distribution.
The University attracted a lot of attention specifically from Swiss financial services company UBS AG, Wells Fargo and Morgan Stanley, with 3.9 percent, 3.6 percent and three percent of overall recruits to these banks being Duke students, respectively.
The other schools in the top 10 were University of Pennsylvania, New York University, Harvard University, University of Cambridge, Cornell University, University of Texas at Austin, Columbia University, University of Chicago and University of Michigan.
JPMorgan showed a 200 percent increase in interest at Duke for this year. PJT Partners also showed strong preference for Duke, with students at the University accounting for 13.5 percent of the firm's overall recruiting and hiring.
Duke was also ranked as one of the only top 10 schools to receive recruitment and hiring focus from all of the bulge bracket banks, along with the Penn, NYU and Harvard.
The investment banks represented in the bulge bracket section of the report include Bank of America, Merrill Lynch, Barclays Capital, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, Morgan Stanley, UBS AG and Wells Fargo.
Despite decreases from several bulge bracket banks, Duke still had a one percent overall increase due to strong interest from Credit Suisse.
The report also noted the large bulge bracket banks’ willingness to poach top talent from a wider selection of schools, including Arizona State University, Ohio State University and Pennsylvania State University, with larger state academic institutions gaining respect for their strong business programs.
One list, however, did not include Duke—the top 10 institutions that accounted for 23.4 percent of the overall distribution of recruitment and hiring from “other notable banks.” Those other banks included BMO, Blackstone Group, Cohen Group, Duff and Phelps, Evercore, Greenhill, HSBC, Harris Williams, Houlihan Lokey, Jefferies, KeyBanc, Lazard, Lincoln, Macquaire, Moelis, Nomura, Oppenheimer, PJT Partners, PWP, Piper Jaffray, RBC, Raymond James, Rothschild, Societe Generale, SunTrust and William Blair.
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