Investment bankers are some of the top financial minds in the world that help businesses with raising capital to grow, help with M&As and support corporations through their various cycles. Although these career took a hard hit during and after the Global Financial Crisis, many MBA graduates still pursue investment banking as a career path. Some love the challenge of working with enormous companies (and enormous sums of money) while others love the high salary that comes with success in the job. If you’re interested in entering the industry, you’ll need an MBA from a strong school. We’ve reviewed the top 5 MBA programs for investment banking.
The list below is based on the latest MBA cohorts hired by investment banks. The average salary paid to the MBAs is included and we’ll the specific top-tier investment banks that hire new MBA graduates.
The schools location tends to also be a large factor behind the success of its students. Usually, they are close to financial capitals such as New York City, London, and Paris. This enables students easy access to large businesses for interviews and contacts. The school’s overall reputation and prestige are also a significant aspect and allows students to draw a higher salary.
Let’s get into it:
Top 5 MBA Programs for Investment Banking Jobs
NYU Stern School of Business, New York University
The NYU Stern School of Business, New York University is located in Henry Kaufman Management Center. It’s one of the top business schools in New York and one of prestige.
Its MBA program for investment banking is 24 months long with a tuition fee of $148,368. For this MBA program, you can choose among different focus options such as Accounting, Banking, Economics, Finance, Management, and many more.
The NYU Stern School of Business charted as top 2 in FT EMBA 2019, top 13 in BusinessWeek US 2019. The top placement industries that MBA graduates go to are Consulting (37%), Financial Services (29%), and Investment Banking (23%).
The Wharton School of the University of Pennsylvania
The Wharton School of the University of Pennsylvania is located along Spruce Street in Philadelphia, USA. It is one of the top schools for accounting or taxation and finance.
It offers a full-time MBA program with concentrations on Accounting, Finance, Business Economics and Public Policy, etc. The duration of the program is 20 months with a tuition fee that amounts to $162,756. This program is offered in Philadelphia, with one semester available in San Francisco with an application. It also includes an internship for 3.5 months.
Graduates from this business school usually work for financial services, consulting, private equity, investment banking, etc. It ranks second in FT Global MBA 2020, fifth in Economist MBA 2019, and sixth in BusinessWeek US 2019.
Harvard Business School
The Harvard Business School (HBU) is located in Boston, Massachusetts in the USA. It has one of the US MBA Programs with the highest average GMAT scores. The Harvard Business school also belongs to the top schools for private equity and strategy.
It offers a full-time MBA for 24 months with a tuition fee of $146,880. Surprisingly, it also offers dual degree programs in partnership with the Harvard Kennedy School. However, for dual degrees, the program lasts for 36 months.
Like the previous business schools mentioned, most MBA graduates from HBU work for financial services, consulting, technology, etc. Remarkably, HBU ranks first in FT Global MBA 2020, second in Economist MBA 2019, and third in BusinessWeek US 2019.
London Business School
The London Business School is located in Sussex PI, Marylebone, Regent’s Park in London, United Kingdom. It’s a top school for entrepreneurship and has top MBA programs in the UK and London.
Compared to other business schools, its full-time MBA program lasts for only 15 months with a tuition fee of £87,900. However, the school stated that the program can be finished in 15, 18, or 21 months. Its MBA program is a good start if you wish to pursue an investment banking job. Most of its graduates are working in consulting, financial services, technology, investment banking, and retail & consumer goods.
Some of their MBA programs are offered in London and New York. They also have a partnership with Columbia Business School. They rank third in BusinessWeek (Europe) 2019, fourth in FT EMBA 2019, and seventh in FT Global MBA 2019.
Stanford University – Stanford Graduate School of Business
The Standford Graduate School of Business is located along Knight Way, Stanford, California, USA. It’s one of the well-known universities in the world. The Stanford Graduate School of Business is a top school for tech and entrepreneurship.
The full-time MBA lasts for 24 months with a tuition fee of $146,124. They also offer dual degrees that could be done in 24 to 48 months. Most of their graduates work for financial services, technology, consulting, private equity, and health care. Stanford offers one of the best MBA programs in California and the USA.
Having an opportunity to study in this school would boost your skills in investment banking. They rank first in BusinessWeek US 2019, third in FT Global MBA 2020, and eight in Economist MBA 2019.
Investment banking covers a broad scope when it comes to finance and entrepreneurship. Y0u can also find minors in investments such as options trading.
Due to the pandemic, schools are now shifting to remote learning. You can already find online courses that you might want to try and pursue like an eMBA program.
Since students are already using remote learning, employees also innovate ways since they work from home as well. For big brands like Amazon, Progressive, and Google, working from home isn’t new. They do this even before COVID-19 happened due to the following reasons:
- It saves money.
- It boosts productivity.
- It’s safer.
- It allows employees to manage their time.
Even if most of our activities are now done online, learning is still available for people who want to develop themselves. Other schools offer good strong MBA programs are available!