IU Kelley Investment Banking Workshop Admission Questions

I just finished up my senior year of high school and will be attending IU as a DA to Kelley in the fall. I hope to join the Investment Banking Workshop in the future and was wondering what are some things besides a good GPA that assist with gaining admission to the workshop. Are there any specific clubs or fraternities that are recommended and what are some ways to connect with current members in the workshop?

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Currently a student at IU going into sophomore year and beginning the process of the workshop. I say there is no particular club/fraternity/business fraternity to join that gives you a better chance of getting in as it all comes down to how you perform when interviewing and the class you need to take. Some ways you can reach out to members is on the workshop website they have all the members of the workshop listed, and if you end up joining clubs and frats, some of the kids in are already in the workshop so that's another way you can connect with them. Feel free to reach out if you have any more questions.

 

Yea of course there are some frats that have great connections. I was just answering the question generally that there’s not 1 specific frat for connections for the workshop.

 

Yeah I’m not one to trash kids but I remember my networking calls with IU kids being really rough this spring. Is the recruitment process for the workshops so competitive that only robots can get in now? 
 

FWIW, I have no problems with the IBW alums that I’ve worked with- just talked to some somewhat annoying kids on the phone lol

 

Focus a lot on networking and making a name for yourself. Establish close relationships with the sophomores/juniors who are just getting in the workshop because they will have the say when your time comes. Seniors can help you obtain connections at firms when they graduate. You can always learn the technicals, but networking is an art of itself and is weighed just as important as class rank. (Alum of IBW)

 

^^^^^ as someone who transferred out, its a dogshit school in the middle of fucking nowhere. the majority of the people I knew at IU were unhappy and hated the school

 

Important to have goals and figure out a process to achieve. Also important to enjoy your college years and expand your horizons in many areas. I would avoid being overly focused / locked in on any particular thing before you experience what college is all about. In other words, don't be  a robot. Nobody wants to hire or work with a robot.

Certainly go for the IBW but be well rounded. That's what really matters.

 

Be resourceful and use Google search and WSO search (they get different results for some reason but I digress). Also search IU's Reddit. Read everything you can. This will answer many of your questions, and helped me a lot before my freshman year at IU.

 

Very simple, join the Financial Investment Research Club, ECMG and the Portfolio Management Club first semester. If you don't get in first semester, grind and MAKE SURE you get in at the beginning of 2nd sem. Make sure you get into the Knall-Cohen Fund second semester. Do this while keeping a 3.8+ GPA. All of this sounds hard, but it absolutely isn't. At that point, you have a very good standing for IBW/IBS. Kill it in F255/F210 (the IBW classes). thats it.

 

Reposting my comment from an old thread:

went to IU a few years ago and was in the IB workshop. There is like 1,000 threads on it but I'll just sum it up:

1. IU is not at all selective - Kelley is sorta selective (I think you need 30+ ACT to be considered), IB, Consulting and Investment Management workshops are very selective, and if we're looking at sheer numbers for the investment banking workshop, I think well over 500 kids will apply, and less than half will end up completing the application, from there about 60-80 get admitted, of those admitted, almost everyone will receive an internship and full-time offer. At least when I was there, a lot of the workshops required a 3.7 GPA to even apply, so there weren't really any applicants that had a 0% chance, although there are a handful of students who just have high GPAs, come to the first IBW event, and immediately withdraw their application once they see the level of commitment required.

2. The IBW application process is much more intense compared to the other workshops, at least when I was there. The consulting workshop was extremely selective, but was mostly a competition of who had the highest GPA and could interview well to get into the workshop (was really hard to get in if you didn't have a 3.9 minimum). The IBW process involves networking, an intense class where you're ranked instead of graded that basically is just a class to prepare you for IB internshipand SA interviews, they look for 3.7/3.8+ GPA in terms of getting in - a kid who can network with a 3.8 will get in over the 4.0 kid who can't every time. 

3. It's "all or nothing" in terms of the banks that recruit there - by that I mean IU is either a top/solid target or non-target. When I was there MoelisRBCPWPGuggenheimRothschildCain BrothersJefferiesBMO, Blair, CitiEvercoreGreenhillHSBC, Piper, Barclays and BAML would take like 3-8 students per year, which is pretty big, especially for the boutiques. Any other bank was 2 or less, if any. We had limited presence at places like DBGS, UBS, CenterviewCSLazardPJT, MS. It wasn't so much the "tier" of the bank being the deciding factor, rather just if there were alumni at the bank. IU has really only had a banking pipeline for ~15 years now, and a lot of those first few years were concentrated among a few banks, which is why the placement is pretty concentrated. Geographically, it's concentraded exclusively in NYC and Chicago, probably a 75-25 NYC/Chi split, although there are a small handful (i.e., less than 5-10%) that end up in Boston, SF, LA, etc.  

4. Getting into the workshop is as much about "fitting in" as it is doing well in the class/interviews. As a result, a lot of people from the IBW were in similar frats, had similar interests, a lot from Chicago, NJ/NY and northern Indy. You can definitely fit in if you don't fit this mold - one of my friends in the program pretty much got in, got his offer and never went to a workshop social event again - but you might get less out of the workshop socially, if that matters to you. As some have mentioned above, Kelley isn't super diverse in general (I'd guess 80%+ of kids are from Chicago, Indy, and NY/NJ, and then most of the remaining portion is international students). A portion of the students in the workshops, whether it be IB, Consulting, or IM/S&T - are a bit robotic and hyper-focused on their career goals.

5. Kelley is probably more of a trade school for white-collar office roles than anything else. There is pretty much not even gen ed requirements if you're in Kelley - from the moment you get there, 90% of your courses will be Excel, business presentations, financial accounting, corporate finance etc., and they get even more specific when you get into your major (i.e., financial modeling/valuing for financial institutions, wealth management, financial modeling for large-cap corporations). So basically, your first year performance in these classes at Kelley determines if you get into the Honors program (top ~5% of students), and what workshops you'll be competitive for, if any. Messing around your first year at Kelley or getting below a 3.7 (and DEFINITELY below a 3.5) pretty much disqualifies you from all of the workshops unless you're a king/queen at networking and getting people to like you. Kelley is not rigorous enough to the point where you can't have a social life, but there are a lot of students at IU who are there just to goof off for four years, and if you get too involved with this every day it'll have consequences.

6. Once you're in the IBW - it's serious business. Although it's rare since the quality of admitted students is so high, people can get kicked out for missing networking events, firm presentations, etc.. You were expected to be well-dressed, clean shaven, have neat hair, ask good questions at all IBW events.

7. I'd say the post-IB placement is pretty standard, most go to PE (Kelley doesn't have a huge MF presence, but you'll see lots of UMM, MM, and LMM PE alum across Chicago and NY), a portion go A2A, a small portion go corp dev/strat.

8. I'll be blunt - Kelley is a fine school, but being in one of the workshops is CRUCIAL if you want an IB, Consulting, S&T role. The firms will start with the workshops and then might have 1-2 spots for anyone outside of the workshops, and even then, it's often for 4.0 students who may have been unaware of the workshops their first year. Out of the workshops, the IBW has been around the longest and has the best placement, but the consulting and investment management workshops are also excellent, albeit a bit smaller in scope and scale.

TLDR: IU is an non-target that is not selective, Kelley is a slightly selective non-target, the workshops are highly selective target programs.

I'll reply to any further questions anyone has - just reply to this comment

 

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