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Financial Sector Invests In Business Schools To Hire New Talent

Financial services groups are investing millions in top business schools to find new talent and drive research insights.

Tue Jan 6 2015

BusinessBecause
AQR Capital became the latest large financial services company to tap a business school for talent and research, with a sizable investment in London Business School to launch an asset management research institute.

The US hedge fund last week gave LBS £10 million to set up the investment centre, giving it access to leading researchers and students graduating from the UK’s highest-ranking business school.

Cliff Asness, AQR co-founder, said he hoped it will provide “access to talented people” for both recruitment and research collaboration.

AQR has sought to raise its profile in Europe. About 80% of its business – it manages $123 billion in assets – is in the US. But it recently opened an office in London and there may be opportunities for business graduates.

The global asset management industry is set to undergo a period of buoyant inflow, according to the consultancy PwC, with business schools noting an increase in recruitment for MBA students and CFA – chartered financial analyst – qualification holders.

AQR’s sponsorship is part of a wider bid among finance groups to plug research centres for potential business school talent.

Hedge fund Brevan Howard announced plans to donate £20 million to Imperial College Business School, based a stone’s throw away from LBS on the fringe of the City of London, in 2013.

It jointly launched the Brevan Howard financial research centre with Imperial in September last year.

The business school hopes the centre will become Europe’s leading hub for financial analysis.

Professor G Anandalingam, dean of the business school, said that it is a “major step forward” for Imperial.

“Our students will enjoy even better access to the world’s finest scholars and most influential practitioners in finance,” he added.

Brevan Howard follows Man Group, the alternative investment manager, which pooled £14 million into Oxford University in 2007 to establish a quantitative research institute.

The establishment of the Oxford-Man Institute of Quantitative Finance allowed the company to recruit mathematicians from the leading UK university.

In 2013 Man Group signed a five-year extension to fund the centre through to 2018.

Companies in other sectors have taken similar steps to bolster recruitment and drive insights, including in professional services and technology.

Brevan Howard’s sponsorship was the second big-ticket investment Imperial has received recently, with auditor KPMG investing £20 million to establish a data analytics centre in 2014.

Mazhar Hussain, a director at KPMG Digital and Analytics who will lead the new centre, said last year that it will allow the firm to pick the “crème of the crop” from Imperial’s student pool.

Semiconductor maker Infineon opened a Business Analytics Center of Competence at the National University of Singapore in October last year, which will allow it to leverage “human resources”.

In 2010 tech group IBM launched an Analytics Research Center at the Telfer School of Management in North America.

Both parties invested more than $4.8 million in cash and in-kind time of IBM research and development, software, services, consulting and support staff, according to a press release.

Student Reviews

Imperial College Business School

Sakshi

Verified

5/11/2023

On Campus

Innovative, Immersive and an Excellent Curriculum

The MSc Strategic Marketing course opens many avenues into the business world at Imperial. The coursework consists of group-based assignments, individual reports, and sometimes, examinations. The Careers team helps you with your CV, Cover letters, and other job application support. Imperial truly lives up to its name!

Shiyun

Verified

19/05/2020

Very applicable courses

I enjoyed studying here for my master degree as I could feel that I was surrounded by very clever people, and I did learn a lot of knowledge that I could directly put into use into my current internship

Student

Verified

9/05/2020

Diversity and Professional Development

Imperial College London is an innovation hub with expertise across multiple industries. The international student body exposes students to endless cultures and experiences. Furthermore, the Careers team at Imperial is second to none as directors help guide students to the career paths of their dreams.

Student

Verified

20/04/2018

Business School

Imperial college business school has amazing facilities, amazing staff. I particularly like the business school cafe although it would be nice if they added a few more power sockets in the open space and heating for winter. The course is really good too. Very interactive classes and highly diverse environment.

Student

Verified

8/07/2020

Career Services

Very strong university with good quality faculty and a very strong career services team that prepared students well for the jobs market. Very nice facilities in the city center. Good sessions organised with employers.

Student

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29/05/2020

Chinese students majored in English- now strategic marketing

My undergraduate major was English back in China and now an MSc student in strategic marketing at Imperial. For Chinese students who share similar experiences with me, you can get as much/deep as you want about marketing with some challenging group works and inspiring lectures. At the same time, if you just want to get the degree anyway with less effort, it's possible as well... ...

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