IMG is the student group for Chicago MBA students looking for positions with hedge funds, mutual funds, sell side, etc. Here are the stats on who chased and conquered that dream and who didn't. As an employment-seeker noted, "it wasn't really necessary to do all the number crunching when a 'you been fucked' would've sufficed," but I guess someone had the time and initiative.
From: firstname.lastname@example.org On Behalf Of Boswell, Mariko
Sent: Friday, May 15, 2009 10:05 AM
To: email@example.com; firstname.lastname@example.org
Subject: IM Recruiting Statistics from Career Services
As requested by many of you, Career Services has compiled IM-specific recruiting statistics. Please see the information below from Char Bennington.
Dear First-Year and Second-Year IMG Members,
Based on questions from the meeting I attended several weeks ago, the following %'s were compiled based on current 1st years and 2nd years pursuing roles in IM. We used a number of data points to come up with the "interest" factor (students truly interested in IM) including full-time and internships interviews, resume book profile information, etc. Based on information that was reported through the Search Status Survey (SSS) as of late last week, here are a few data points as a % of the total IM seeker population best that we can estimate:
42% - % of students reporting having received an IM offer
20% - % of student reporting another related offer (mostly finance-related roles)
38% - % of students continuing to seek
Overall first-year class data: 68% have reported having received an offer.
32% - % of students reporting having received an IM offer
29% - % of student reporting another related offer (mostly finance-related roles)
37% - % of students continuing to seek
Overall second-year class data: 71% have reported having received an offer.
We had to make assumptions in identifying the IM population, and I think there's a good chance that the "continuing to seek" figure includes individuals who did some IM interviewing in addition to other functions so it was difficult to know which was truly his/her top choice. Either way, it's clear this is a tough environment to be conducting a job search. If you're reading this and continuing your search, if you haven't recently, touch base with a Career Coach! Our Coaches are very adept at developing strategies with you, reviewing and helping you improve your correspondence, doing mock interviews, etc. We know it's challenging, and we're here to support you.