Investment Banking Network
Kelley programs that create opportunities and connections for life
The Kelley School’s Investment Banking Network comprises a suite of investment banking programs—both graduate and undergraduate—that provide high potential students superior access to opportunities within the financial services industry. The Investment Banking Network:
- leverages the power of the Kelley alumni network in preparing students to become outstanding performers while building Kelley’s established presence in the financial services industry;
- helps students land internships and full-time positions with Wall Street firms;
- provides the coaching and nurturing necessary for students to accelerate their careers; and
- creates numerous environments for alumni to contribute to and strengthen the professional development of our students well beyond graduation.
The Investment Banking Network includes the Investment Banking Workshop, the Investment Banking Seminar, and the Investment Banking Club. These programs in tandem with our academics have earned Kelley a reputation as one of the nation’s finest schools for developing investment banking talent. Top financial services firms across the country recruit our students in record numbers for internship and full-time placements. Graduates of the program are valued because they’ve developed the skills, discipline, and knowledge required for success in the financial services industry.
Investment Banking Network (IBN) Scorecard
- 100 percent internship and full-time placement in corporate finance positions since 2003
- 97 percent of IBN members’ summer internships lead to full-time placements
- From 2004 to 2008, Kelley placed 277 students with investment banking firms
- Kelley is one of the top five investment banking schools in the country, consistently placing students with leading bulge bracket, middle market, and boutique investment banking firms
- The program’s alumni database has grown to 325 industry contacts
Freshman and Sophomore Years
Starting as soon as freshman year, students have the opportunity to learn about the financial services industry through the Investment Banking Club and introductory courses and seminars:
Investment Banking Club (IBC)
An informational program for freshmen and sophomores interested in investment banking, the club informs students about careers in investment banking and helps prepare them for the IBW. Meetings include panels of IBW juniors and seniors who answer questions and provide advice as well as presentations from investment banking firms.
F228 Introduction to Investment Banking
Taught by Professor David Haeberle, the course helps freshmen and sophomores better understand the financial services industry and learn about potential careers in the field.
Junior and Senior Years
Investment Banking Workshop (IBW)
The Investment Banking and Capital Markets Workshop, a selective program known simply as the IBW, serves as the platform for high potential students to launch accelerated careers in investment banking and related positions within the financial services industry. Founded in 1998 and under Professor David Haeberle’s direction since October 2002, the IBW admits 40 to 45 juniors each year, handpicked according to their aptitude and interest.
IBW members typically have an average grade point average of 3.75 (minimum requirement is 3.5), demonstrate leadership in scholastic and extracurricular activities, and show serious interest in the investment banking industry. IBW seniors lead, coach, and mentor juniors in the program while all participants network with an active pool of alumni with field trips to New York, San Francisco, and Chicago.
The IBW is “invitation-only” and provides two tracks: one in investment banking and one in investment management (i.e., the "capital markets” track). Workshop members are consistently placed with internships and full-time positions in investment banking at top firms such as Goldman Sachs, Bank of America, JP Morgan, HSBC, and Deutsche Bank, as well as boutique firms such as Sandler O’Neill, Sagent Advisors, Lincoln International, and more.
In 2006 Professor Robert Jennings joined Professor Haeberle and has worked diligently to place an increasing number of students in investment management positions. Today a full one-third of the IBW placements are in investment management positions.
Investment Banking Seminar (IBS)
Open to any senior with a GPA greater than 3.5, IBS prepares students for jobs in the financial services industry. Seniors learn the business of investment banking and the function of capital markets, along with networking and interviewing skills. Formalized in 2006, IBS includes an investment banking roundtable event and annual field trip to Chicago.
- Average annual salary for analysts is $60,000 to $65,000
- First-year analysts’ bonuses ranged from $60,000 to $90,000
- High rate of conversion from analyst to associate, if one decides to stay in investment banking
- Alumni who leave investment banking after two to three years find jobs at private equity firms and with hedge funds such American Capital Strategies, Blackstone, Carlyle Group, Apax Partners, Texas Pacific Group, Madison Dearborn, Permira Partners, and more