Es ist egal, ob du an der WHU oder Frankfurt School studierst

Summary

In this video, the speaker emphasizes the importance of choosing the right university for a successful career in fields like investment banking, consulting, and private equity. He categorizes universities into three types: non-target (lower recognition), normal universities (decent but not prestigious), and target universities (well-connected to top firms). The speaker advises that while target universities can offer advantages, success ultimately depends on individual effort in areas like grades, networking, internships, and skill development. He encourages students to focus on personal fit and strategic planning, rather than solely on university prestige.

Takeaways

• 😀 Avoid non-target universities, especially some Fachhochschulen and private universities, as they make it harder to land jobs in top investment banks, consulting firms, and private equity.
• 😀 Target universities are highly recommended if you want to optimize your chances of securing top-tier jobs, especially in investment banking, consulting, and private equity.
• 😀 Universities in large cities or with good reputations can still provide opportunities, but you need to perform well to gain access to top firms.
• 😀 Don't stress too much about which university you attend. The reputation of the university is just one factor; your performance and networking matter significantly more.
• 😀 Even if you're at a university that's not a top target, you can still land good jobs by focusing on grades, internships, and networking.
• 😀 Target universities are listed in detailed reports for both bachelor’s and master’s programs, helping students decide where to study based on placement success.
• 😀 Universities like Frankfurt School or Uni Mannheim are better placed for investment banking compared to other universities like LMU Munich or Uni Münster.
• 😀 Choose a university based on where you feel comfortable and can perform best, rather than solely focusing on rankings or prestige.
• 😀 In addition to university reputation, other factors like internship planning, extracurriculars, and interview preparation are crucial for career success.
• 😀 Don't expect a quick career success simply by attending a top university. It requires significant effort and hard work to get into top firms, even from prestigious universities.

Q & A

What are the three types of universities mentioned in the video?

The three types of universities mentioned are: (1) Non-recommended universities, such as Fachhochschulen (applied sciences universities), private universities, and lesser-known foreign universities. (2) Regular universities, which are not considered 'target' universities but still provide decent opportunities. (3) Target universities, which are highly respected and well-placed for top jobs in fields like investment banking and consulting.

Why are Fachhochschulen and private universities not recommended for students aiming for top jobs in investment banking or consulting?

Fachhochschulen and private universities are not recommended because they are not well-known or respected by top firms in investment banking, consulting, and similar industries. While it's not impossible to secure a job from these institutions, it usually requires significantly more effort and networking.

What makes 'regular universities' different from target universities in terms of career opportunities?

Regular universities, while not considered 'target' universities, still offer opportunities for students to secure jobs in top firms if they perform well academically and network effectively. However, they may not have recruiters from top companies visiting their campus as frequently as target universities.

What is meant by 'target universities' and why are they important for career placements?

Target universities are highly respected institutions known for their strong placement rates in top firms such as investment banks, consulting firms, and private equity funds. Attending these universities gives students a significant advantage in securing high-status jobs.

Is it enough to simply attend a target university to guarantee a top career?

No, attending a target university alone is not enough to guarantee a top career. Individual effort, such as achieving high grades, securing internships, networking, and excelling in interviews, plays a crucial role in landing a top job.

What factors should students consider when choosing a university aside from its reputation?

Students should consider personal factors such as where they feel comfortable living, whether the university offers the right internships or practical experience for their career goals, and how the university’s programs align with their long-term aspirations.

How does the video suggest students should handle their university choices if they don’t have access to a target university?

The video suggests that if a student doesn't have access to a target university, they should focus on excelling in their current university by getting good grades, securing internships, and engaging in networking. A regular university can still offer good opportunities with the right approach.

What is the importance of internship planning according to the video?

Internship planning is crucial because practical experience greatly enhances a student's chances of landing a top job. The video emphasizes the need to carefully plan and pursue internships to align with one's career goals, especially at top firms.

What role does networking play in a student's success according to the speaker?

Networking is vital for success because it opens doors to opportunities that may not be advertised publicly. Building a strong network can help students connect with professionals, learn about job openings, and gain valuable career insights.

How does the video define success in terms of university choice and career development?

Success is defined by the individual’s overall approach to their education and career development. This includes performing well in their studies, securing relevant internships, building a strong professional network, and continuously improving skills, rather than solely relying on attending a specific university.