Cornell University has emerged as a prime destination for talent in finance and artificial intelligence, making students a coveted choice for employers in these highly competitive fields.
Financial firm Goldman Sachs only accepts 1.27% of applicants, but Cornell students are more likely than others to work for the world’s leading financial institutions, according to eFinancialCareers. increase. A recent article ranked Cornell University as her second most representative American university at Goldman Sachs, while Business Insider ranked Cornell University as a talented leader in the growing artificial intelligence field. mentioned as a hotspot.
“The academic breadth and talent diversity that exists at Cornell University makes Cornell students highly sought after by employer partners, including investment banking and technology,” said the Employer Relations and Professional Readiness Program. Manager Kimberly Swartz wrote in a statement to the Sun. “In recent hiring cycles, the labor market is highly competitive, with employers in both financial services and technology often hiring the same Cornell students.”
Business Insider recently published an article on the “AI talent wars,” which named Cornell University, along with Stanford University and Massachusetts Institute of Technology, as a major hotspot for tech companies seeking employees with artificial intelligence experience.
The boom in generative AI technologies, especially ChatGPT, has created a rapidly expanding and profitable sector of work, primarily benefiting a select group of AI specialists. This trend has created fierce competition among top companies to secure the services of the most skilled AI professionals, often offering substantial salaries in the six figures.
Kavita Bala, president of Cornell-Ann S. Bowers College of Computing and Information Sciences, said in a statement to The Sun: “Our students and alumni, like many in the field, want to be part of this exciting movement and are often recruited in large numbers directly by companies or at various sponsored events. .”
Bala told Business Insider that even undergraduates are sought after by these companies because the competition is so fierce, reducing the size of graduate students and AI PhDs. programs at many universities.
“this [AI] This trend has rebounded over the past decade, but has accelerated over the past five years. In response, students are taking more AI courses such as machine learning, computer vision and natural language processing,” he wrote.
The number of students majoring in computer science and information science at Cornell University has increased dramatically over the last few years. During course enrollment, many students face the challenge of getting a spot in a coveted technology-related course.
In late 2021, Cornell University launched an AI initiative to help build a stronger community around AI research and education.
“From businesses and societies to our daily lives, artificial intelligence is changing the world,” writes Barra. “Cornell continues to be a top leader in this growing field, from machine learning and core AI to cognitive science, computer vision and natural language processing, ethics and equity, medicine and sustainability. ”
Cornell is also training two minors to gain a comprehensive understanding of both the technical and social aspects associated with AI, Bala said.
“The combination of world-class scholarship and experiential learning provides students with the tools and foundation to become innovators in the fields of computing and information science, including AI,” Bala writes. “We are also developing two minors of hers who will introduce students to both technical and social issues related to AI to further their leadership position in AI.”
Goldman Sachs and other large corporations are known to recruit large numbers of potential employees from the Ivy League, and Cornell University is considered a target school for investment banks. In addition to Cornell’s academic rigor, the university has strong ties to the financial industry and a sizable alumni network that spans the fields of business and finance.
“Cornell University is a target school for investment banking and finance given its rigorous academics and strong alumni network,” Swartz wrote. “Cornell also has a strong alumni presence [New York City]and in these industries.
Cornell is just four hours away from New York City, considered the financial capital of the world and home to major banks, including Goldman Sachs.
“Cornell University has one of the strongest alumni networks in the financial services industry, so we can take advantage of this ecosystem during the hiring cycle,” said Joshua Figueroa, an investment banker at Evercore in 2024. ‘s Summer Analyst) wrote in a statement to the Sun. “Ultimately, from my experience, Cornell graduates wanted to help with the right information so they could do well in interviews and have a better chance of getting a job.”
Beyond Cornell’s locations and alumni network, the university operates many coveted student organizations and pre-pro fraternity that help applicants increase their chances of success in the competitive hiring cycle.
Figueroa is a select group of students and president of the Cornell Finance Club, one of the oldest financial organizations on campus. Figueroa is co-chair of the Cornell chapter of BlackGen Capital, a student organization that works to empower underrepresented minorities in finance and business.
“CFC and BlackGen Capital gave me the foundation and knowledge to understand the financial services industry. At these organizations, I learned the basics of accounting and valuation and understood different types of businesses.” Figueroa writes. “These clubs have also provided me with a unique alumni base with people who once stood for me.”
CFC has partnered with Goldman Sachs, well-known companies Morgan Stanley and Citibank for equity pitches and networking sessions. Members of both CFC and BlackGen Capital have landed internships and full-time positions at prestigious institutions such as Blackstone and Bank of America.
Swartz said the financial services industry has a long history of recruiting Cornell students. According to the Cornell Outcomes Dashboard, finance is the top industry that Cornell students go to after graduating, regardless of where they go.
56% of Dyson School of Applied Economics and Management 2022 graduates will enter financial services, with the majority in the investment banking field. More of his ILR graduates have entered the financial services industry than any other field, with 24% of students working in the financial industry after graduation in the last two years. In the 2022 liberal arts class, 18% of graduates reported entering a career in financial services, with Goldman Sachs cited as the top employer overall. More than half of the 2022 Nolan School of Hotel Administration graduates have a job in finance after graduation.
With an average of 300 applicants for each Goldman Sachs job posting, Swartz said, the job market for college graduates is becoming increasingly competitive these days, and investment banking firms’ hiring schedules are accelerating. Companies such as Goldman Sachs recruit employers a year and a half before his internship begins.
“The hiring cycle can be very busy for students because companies compete for Cornell talent,” says Swartz.
Cornell’s networking events, workshops and guidance sessions are available to students wishing to enter these highly competitive industries.
“In addition to managing relationships with employer partners, Cornell Career Services provides resources and support for students as they make important decisions about their career paths,” Swartz wrote.