Asset management is perhaps the field in which it’s most widely assumed that one needs a degree from a highly selective college in order to have a successful career. We’re going to examine two ways of looking at whether this is true. First, let’s see where Wall Street analysts with the best track records did their undergraduate studies.

TipRanks provides ratings of the performance of stock market analysts, and below is a look at where 8 of the top 10 performers over the past 10 years got their degrees. [Note: 2 studied outside the US.] Of those in this elite group, 6 of 8 (75%) received their undergraduate degrees at non-MC25 schools, so it looks like there’s no monopoly on places to learn the basics about finance and investing. (Note: Click on the word “lists” in the menu for important notes about this section.)

TipRanks Top 10 Analysts Colleges Attended

Drexel

Syracuse

Stanford

Susquehanna U

Florida State

Princeton

U Arkansas

Wesleyan

(Source: LinkedIn.com)

(last updated January 24, 2024))

Next, let’s take a look at the leadership teams for some of the most well-known companies in this sector. We may have one firm that is an exception here, with BlackRock seeming to have a preference (with their management team anyway) for those with degrees from MC25 colleges. This could just be a statistical anomaly, though. If we include all eight firms, 71% have degrees from non-MC25 schools, which is very much in line with the other professions we’ve examined. Opportunities abound for those from non-MC25 colleges in investment banking. (Note: Where the CEO is not listed, they did their studies outside the US or no CEO was listed.)

JP Morgan Chase

Tufts [CEO]

Harvard

U Dayton

Georgetown

UC Los Angeles

American U

U Massachusetts

Wabash College

Fairfield U

Johns Hopkins

Fordham U

Merrill Edge (Bank of America)

Colgate (Chief Investment Officer)

U Miami

Providence College

Morehouse College

U Massachusetts

U Texas–Austin

Boston U

BlackRock

Stanford (2)

UC Los Angeles [CEO]

U Pennsylvania (2)

Binghamton U

Elmhurst College

Boston U

Northwestern

UC Berkeley

Princeton

Boston College

U Rochester

Brown

Emory U

Harvard

Vanguard

Harvard [CEO]

Penn State

Johns Hopkins

Fairfield U

St. Joseph’s U

Hampton U

Villanova

Dartmouth

Georgetown

Wells Fargo

Harvard (2)

U Southern California

U Arizona

U Texas Austin

U Michigan

Loyola U

U Minnesota

St. John’s U

American U

Johns Hopkins

Ohio U

Princeton

Charles Schwab

Ohio U [CEO}

Northwestern

St. Lawrence U

St. John’s U (NY)

Yale

Pomona College

U Michigan

UC Berkeley

U Maryland College Park

U Texas San Antonio

Rutgers

Hamilton College

St. Mary’s U (CA)

Claremont McKenna College

Loyola Marymount

Villanova

Arizona State

Fidelity

Boston U (2)

Hobart + William Smith [CEO]

U North Carolina Chapel Hill

Baylor

Bentley U

Davidson

Northeastern U (2)

Lehigh

U Miami

Duke

Brown

Williams

Rhode Island College

(Sources: Corporate websites, linkedin.com)

(Last updated January 24, 2024)