So I started my internship recently at a large insurance firm (>100B AUM). I am in the investment managing division and met some other interns. Out of the 10 FO interns, 4 are from Wharton and 1 is from Harvard. I was told last year 8 were from Wharton. I go to a decent (but not amazing) state school.
Are insurance IM jobs incredibly competitive/did I get really lucky, or should I look for another reason for this anomaly?
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similar to where i work:
commercial re inevsment group, approximate 750MM-1B AUM. ft analysts that have worked for my employer form 2007-present: 3 from wharton, 1 from ross, 2 from haas, 3 from usc, 1 from ucla, 1 from yale. this was for our LA office. there is more wharton representation at our bay area office.
Our uppper management is from all over, with hi representaion from uwisconsin, usc and ucla.
the work we do isnt sexy at all, and cre sucks right now. honestly, i thought this type of career was "below wharton standards". regardless, we have been seing increase job solictiations from some great schools, sometimes with exp that is above and beyond what we are expecting of anaylsts. it proabably has soemthing to do with the economy.
i also think that wharton just has a huge presence everywhere becasue of its class size and network.
id rather to do investment in insurance~
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