Non-target school#93 of 100
Arizona State University investment banking placement: is it a target school?
Arizona State University is a non-target school for investment banking by our count. It ranks #93 of the 100 schools we measure: 56 alumni list investment banking analyst titles alongside the 18 top banks from classes of roughly 2015 onward, weighted for school size, and its wider banking alumni network holds 525 profiles that include an investment banking job title.
- Rank
- #93of 100 schools
- At 18 top banks, 2015+
- 5664% graduated 2018+
- At the elite five
- 1832% of the top-bank total
- IB alumni network
- 525#70 by profiles
- Per 1,000 undergrads
- 8.1#100 per capita
- US-based
- 83%437 profiles
Is ASU a target school for investment banking?
The verdict, from the dataArizona State's 525 IB profiles are spread across 65,174 undergraduates, which comes to 8.1 per 1,000 undergraduates and a per-capita rank of #100, the last position on that measure. The raw count ranks #70 by network size. That split between strong volume and last-place density remains the single most important thing to understand about the school's file, and the same per-student arithmetic holds the top-bank-anchored headline down at #93.
56 alumni listed an analyst title alongside one of the 18 top banks since the 2013 class, ranking #84 on that measure. 36 of the 56, or 64 percent, graduated in 2018 or later, and 18, or 32 percent, are at the elite five. 83 percent of profiles are US-based. Hedge funds stand out among the verticals at 19 hedge fund profiles per 100 IB profiles and a #28 rank.
Sheer institutional size explains most of the raw total, and a student body of this scale makes any individual student's odds long. The 64 percent recent share is the softest figure in the file, since more than a third of the top-bank group predates the 2020 analyst classes. The count of 56 is nonetheless real, and the buyside network around it runs deeper than the banking rank on its own would suggest.
ASU investment banking placement by bank
Analysts, classes of ~2015+Arizona State University's analysts at the 18 top banks we measure, graduates of 2013 or later with investment banking analyst titles, against the elite five. Its per-bank cells are not yet measured, so the breakdown by bank is the one thing this page cannot show.
- 18All 18 top banks we measure56
- 5The elite five: Goldman Sachs, Morgan Stanley, J.P. Morgan, Evercore, and Centerview18
By count alone Arizona State University ranks #85 of 100; the table of schools ranked nearby, below, sets that figure beside its neighbors.
Where ASU alumni land beyond investment banking
Alumni profiles, all yearsArizona State University’s rank in each vertical we count, by the same title-phrase method. Bars show its count as a share of that ranking’s #1 school. Per 100 IB shows the network mix: profiles per 100 IB profiles.
How to recruit for investment banking from ASU
The Investment Banking Industry Scholars program, IBIS, is the finance department’s Wall Street track: a hands-on career program for freshmen and rising sophomores that covers banking organizational structures, products, and regulation, the advisory and capital markets functions, sales and trading, and the asset management, hedge fund, private equity, and venture businesses around them. Applications for the 2026 to 2027 year ran from March 16 to April 12, 2026, with a résumé, transcript, and a one- to two-page statement reviewed by the director and a student leadership group.
The program lists the firms its students intern and work for, Goldman Sachs, J.P. Morgan, Morgan Stanley, Deutsche Bank, Credit Suisse, Bank of America Merrill Lynch, Perella Weinberg Partners, Moelis, Citi, Barclays, Wells Fargo, Piper Jaffray, Ducera, Jefferies, and McKinsey, with alumni testimonials from Point72 and Stonepeak, one crediting IBIS for a J.P. Morgan summer analyst seat that became a full-time offer. A school profile of three graduates rooming together in New York, one hired by Goldman Sachs after internships there and at J.P. Morgan, has the program’s faculty adviser claiming IBIS members stack up against Wharton, Columbia, and Harvard graduates and enjoy a near-total placement rate.
School-wide, the W. P. Carey undergraduate Class of 2025 earned an average salary of $59,112, and more than 650 employers across more than 35 industries recruit through the school’s career center, which files investment banking under financial services alongside accounting, commercial banking, insurance, and portfolio management; a four-year coaching track starts sophomores on a personal narrative for employers.
Forum threads split between skeptics and alumni defenders: a thread asking whether ASU is becoming a semi-target draws an anecdote that IBIS works like a small in-house banking academy, an alumnus describes a large state school with a very solid regional business network, a poster on the finance program says it takes roughly half a dozen top students a year and has placed all of them at bulge brackets while noting the state has almost no banking or private equity presence and the school is not a target, and another alumnus wrote for the first time to stick up for the school.
Our data ranks ASU #93 on 525 top-bank analysts, the #70 count in the country, from 65,174 undergraduates, or 8.1 per 1,000, the #100 per-capita figure; 83% of its banking alumni network is US-based. Its per-bank cells are not yet fetched, so the neighbor table above stands in for a bank breakdown.
What ASU publishes about outcomes
4 figures, 2 sourcesEvery figure below is quoted from the source named above it, as published; none is ours. Read them beside our counts, which measure a different thing: analysts matched to named banks rather than a graduating class's outcomes.
W. P. Carey School of Business, Undergraduate Career Services
- Average salary, W. P. Carey undergraduate Class of 2025
- $59,112
- Employers recruiting through the career center
- more than 650
- Industries represented
- more than 35
W. P. Carey School of Business, Investment Banking Industry Scholars
- IBIS application window, 2026
- March 16 to April 12, 2026
How ASU compares with schools ranked nearby
Analysts at 18 top banks, ~2015+ASU investment banking FAQ
8 questionsIs Arizona State University a target school for investment banking?
Arizona State University is a non-target school for investment banking by our count. It ranks #93 of the 100 schools we measure: 56 alumni list investment banking analyst titles alongside the 18 top banks from classes of roughly 2015 onward, weighted for school size, and its wider banking alumni network holds 525 profiles that include an investment banking job title.
How many ASU alumni are analysts at the top investment banks?
56 Arizona State University alumni from the classes of roughly 2015 onward hold investment banking analyst titles alongside one of the 18 top banks we measure, the #85 count of the 100 schools ranked; 18 of them are at the elite five, Goldman Sachs, Morgan Stanley, J.P. Morgan, Evercore, and Centerview. Its per-bank breakdown is not yet measured, so the table above compares its total with the top of the ranking.
Do banks treat Arizona State as a target school?
No; forum posters call it a non-target in a state with little banking presence, though its Investment Banking Industry Scholars program places a handful of students a year at bulge brackets. Our count ranks it #93 of 100, with the #100 per-capita figure in the country.
What is the Investment Banking Industry Scholars program?
A selective W. P. Carey career program for freshmen and rising sophomores covering banking, capital markets, and sales and trading, whose students have interned or worked at Goldman Sachs, J.P. Morgan, Morgan Stanley, Moelis, Perella Weinberg, and Jefferies.
What do W. P. Carey undergraduates earn after graduation?
An average salary of $59,112 for the Class of 2025, with more than 650 employers recruiting through the school’s career center.
How many Arizona State University alumni work in private equity?
293 Arizona State University alumni profiles include a private equity job title, ranking #61 of the 100 schools in our database.
How many Arizona State University alumni work in venture capital?
114 Arizona State University alumni profiles include a venture capital job title, ranking #49 of the 100 schools in our database.
How many Arizona State University alumni work in hedge fund?
99 Arizona State University alumni profiles include a hedge fund job title, ranking #28 of the 100 schools in our database.
How we counted ASU’s analysts
Counts come from People Data Labs, which aggregates public professional profiles. The headline rank is anchored on the strict measure: profiles that list Arizona State University in their education, a job title containing “investment banking analyst”, one of 18 named top banks as an employer, and a graduation year of 2013 or later — the analyst classes of roughly 2015 onward, deduplicated across banks. Those conditions hold on the profile rather than on a single job, so the title and the bank are usually but not provably the same role. The rank weights that count at two-thirds and the same count per 1,000 undergraduates at one-third, so school size is priced in. The elite-five figure counts analysts at Goldman Sachs, Morgan Stanley, J.P. Morgan, Evercore, and Centerview. Data pulled 2026-10-16.
The alumni-network figure is broader: everyone who has held a title containing “investment banking” at any firm worldwide, across all years, including graduate alumni. It reads as the size of the school’s banking network rather than a single era’s placement. Of those, 437 (83%) are currently based in the United States and 88 are abroad. The per-1,000 figure divides the network count by 65,174 total undergraduates reported for fall 2023 in the NCES IPEDS Fall Enrollment dataset — a school-size comparison, not a placement rate for a graduating class.
