Bloomberg Businessweek launched its annual undergraduate business school rankings today, and the top spot did not go to an Ivy. Instead, top spots went to schools where internships and job placement were priorities.
University of Notre Dame’s Mendoza College of Business got a boost from students’ touting the school’s job search support. The South Bend, Ind. school was followed on the list by University of Virginia’s McIntire School of Commerce in Charlottesville, where 90 percent of students participate in internships. The top five included Cornell University’s Dyson School of Applied Economics & Management. Dyson, in Ithaca, N.Y., earned top marks from students in teaching, facilities and placement. Wharton and Emory University’s Goizueta Business School rounded out the top five.
Bloomberg Businessweek used nine tools in its ranking. These include surveys of employers and business school seniors, median starting salaries for graduates and the number of alumni each program sends to top MBA programs and the percentage of students with internships.
Across all schools, average salary numbers rose 2.5 percent, to $48,558, with students at the top 10 schools earning an average of $61,170.
Said one Mendoza finance professor: “Students seem to be more focused on being able to get a job when they graduate. They want the broader experience, and many do have the desire to include some type of volunteer or service work. But they also want assurance that if I study X, I will be able to get a job doing X.”
JPMorgan Chase cut 5 percent of its equities trading desk on Tuesday. [Bloomberg]
Two Deutsche co-chief executives took lower comps. [NY Times]
JPMorgan Chase is nearing a deal to take a 20 percent stake in China’s Bridge Trust Co. [WSJ]
JPMorgan Chase became the top underwriter of municipal debt last year. [Bloomberg]
Jefferies reported a Q1 profit of $77 million on debt trading and investment banking. [Financial Times]
Barclays shed “Capital” from its investment bank’s name. [DealBook]
Hartford will exit its annuity business and consider selling a large portion of its life insurance unit. [WSJ]
Hedge fund Passport Capital fired 14 employees last week on lower 2011 returns. [Businessweek]
Convicted fund manager Skowron was ordered to pay his former employer Morgan Stanley $10.2 million. [DealBook]