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So how do you land a job there? A near-perfect resume helps. However, it appears that proximity to its largest campuses is also a benefit.

An underrated factor in getting a job at Goldman Sachs

Despite the post-crisis reputational hit to the industry, Goldman Sachs hasn’t lost much prestige in the minds of those who want to work on Wall Street. It’s still the biggest name in banking. The firm, which employs roughly 32,000 people globally, received a staggering 43,000 applications for its 2014 analyst program, accepting just 4% of the pool.

So how do you land a job there? A near-perfect resume helps – terrific grades, a long list of extracurricular activities and a degree from a blue-chip university. However, it appears that proximity to its largest campuses is also a benefit.

In a new report, Business Insider combed through the LinkedIn profiles of Goldman Sachs bankers, finding that New York University (NYU) has the highest number of alumni working at the bank. Number two on the list is the London School of Economics, which shares a home with Goldman’s second largest campus, with New York being the biggest.

Interestingly, the University of Pennsylvania, the top-rated school on most every rankings list for financial jobs, finished eighth, with just 284 alumni at Goldman. Meanwhile, nearly 430 NYU alumni work at Goldman. However, it’s prudent to point out that the report only took into account people who have profiles on LinkedIn, so the numbers should be taken with a grain of salt.

On the surface, the surprise on the list is Brigham Young University (BYU), which is the only non-Ivy U.S. school to crack the top 10, finishing 9th with 273 alumni. But remember that BYU shares the same city as Goldman’s fastest growing U.S. office – Salt Lake City. The University of Mumbai is the only non-Western school to make the list. Not surprising, Bangalore, India is Goldman’s fastest growing global office location.

So, say what you want about resumes and personalities, going to school where Goldman has a large footprint certainly doesn’t hurt.

The Definitive Guide to Working at a Boutique Bank (eFinancialCareers)

Want to work for a boutique investment bank? Here are the arguments for and against.

Hiring Roundup (eFinancialCareers)

In the latest hiring roundup, Morgan Stanley is adding in risk, KPMG is prioritizing big data and private equity firms continue poaching from the sell-side.

Hire Nerds, Not Cops (WSJ)

Policing Wall Street is difficult for many reasons, but perhaps the most important is because banks have the tools to hire smarter people, and more of them. The SEC is now taking a new tactic: hiring mathematicians and computer programmers under its new Center for Risk and Quantitative Analytics.

Don’t Cheat Your Employer, Customer Or Travel Provider (Bloomberg)

Note to all bankers: pay your full fare. Jonathan Burrows, a former managing director at BlackRock, has been banned from all regulated financial-services work for purposing exploiting a vulnerability in London’s rail system, making it appear that he was taking a shorter trip. It saved him around $14 pounds a day. Over five years, the trick netted him $67,300. But then again it cost him his job and his ability to get another one.

SocGen Cutting Traders in New York (Reuters)

Societe Generale is cutting commodity traders in New York after completing the takeover of commodity brokerage firm Newedge. Senior base metals trader and Mike Turek and energy trader Natasha Flora are said to have left last week.

Impressive Or Not? (WSJ)

Citigroup does the best job of keeping its analysts after they finish their two-year program. Or, looking at it another way, Citi’s analysts might not be as appealing to buy-side firms as those from Goldman or J.P. Morgan.

How to Get on CNBC as a 17-Year-Old (Business Insider)

Over the last 24 hours, Wall Street has been abuzz with a rumor that a 17-year-old high school student has amassed a $72 million fortune by running his own hedge fund of sorts. Alas, that number may be misleading.

Buzz Around the Office

Expensive Ride (Fox)

An 11-year-old Arkansas girl who ran away from home to see a boy she met in Florida two years earlier did so in a unique fashion. She took a taxicab across three states. It cost $2,500. Luckily she is safe and back at home. The cab driver is doing fine too. Apparently this move isn’t frowned upon, at least from a legal sense.

Quote of the Day: “The office Christmas party is a great opportunity to catch up with people you haven't seen for twenty minutes” – Julius Sharpe

AUTHORBeecher Tuttle US Editor

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