Monday’s Headlines: Students at Small Schools Miss Out on Recruiter Visits

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Small schools might mean more access to faculty and close friendships with classmates. But they also mean students have to hustle to get access to recruiters, according to a Wall Street Journal article:

Students at smaller programs may have to do more legwork than their peers at larger institutions to land interviews. Instead of relying on on-campus recruiting events and a vast alumni network, they may need to travel to other cities for job fairs, send blind résumés or forge connections with guest speakers, adjunct faculty and distant acquaintances. The schools' career-services offices are also getting creative, such as teaming up with other small schools to host events that provide more exposure to potential jobs for their students.

Goldman Sachs visits 15 to 20 U.S. schools each year, while Bain & Co. visits about 15 U.S. campuses, avoiding schools with fewer than 150 students per class. The story quotes a Texas A&M business school career services director who told the paper that students are often “’shocked’ when they are told just how much legwork they will need to do to land interviews.”


Other News:

Richard Parsons is stepping down as Citi chairman and will be replaced by boardmember Michael O'Neill. [NY Times]

Big banks are worried about competition concerns in Fed stress test disclosures. [WSJ

Mike Stewart, the global head of proprietary trading at J.P. Morgan, is leaving to start his own hedge fund. [DealBook]

Barclays CEO will face new challenges when his bonus is announced this week. [Telegraph]

Bain analyst expects the buyout industry will feel pressure to return capital to investors by unloading assets this year. [Dow Jones]

Finra may unlock BrokerCheck reports, making customer complaints and regulatory actions more user-friendly. [Investment News]

Japan’s Orix Bank aims to increase lending by 18 percent starting in April. [Bloomberg]

BofA said Fannie Mae was demanding that it buy back more home loans. [Businessweek]

Wealth of 1.8 million Americans tops $2 million. [CNN Money]