Nearly 5,000 students from 50 prominent business schools have chosen the most desirable companies to work at -- and a plethora of mortgage-related entities made the list.
The 100 Most Desirable MBA Employers ranking from FORTUNE magazine showed the top mortgage-related entity was Citigroup at No. 2, unchanged from its previous year's position.
To pick the top desired employers, Universum Communications surveyed 4,713 students at 50 top business schools nationwide. Students were given a list of 157 companies that appeared or received a high number of write-in votes in the previous year's ranking and were asked to choose the five companies they would most like to work for. Students also had the choice of writing in any non-listed company.
About 14% of the students chose the parent of CitiMortgage and CitiFinancial as one their top five choices. Citimortgage was one of the top ten lenders last year with $99.1 billion in reported volume.
Goldman Sachs ranked third due to nearly 13% voters categorizing it as one of most desirable employers.
The remaining companies within the top 10 were Bank of America, which jumped 11 spots from the previous year to No. 18 by appearing on almost 9% of the voters' surveys, Morgan Stanley climbed 14 slots to ninth place and GE Home Fiance parent, General Electric, ranked 10th.
Mortgage-related companies in spots 20 through 30 started with American Express at No. 20, with about 7% of the students choosing it, followed by Lehman Brothers, JPMorgan Chase & Co., Merrill Lynch, which recently went correspondent, and UBS, a top Alt-A issuer.
Other companies within the first half of the list included PricewaterhouseCoopers, which has been an auditor for Freddie Mac, Deutsche Bank, Fidelity Investments and Bear Stearns, which recently opened a wholesale lending unit.
Within the top 75 on the magazine's list were Wachovia Corp. at No. 69., followed by KPMG, which dropped 39 spots -- the most by any mortgage-associated company on the ranking -- to No. 71. KPMG was recently dismissed by Fannie Mae as its auditor amidst its accounting scandal. Credit Suisse landed in No. 75.
The remainder of the list included GMAC Mortgage parent, General Motors, at No. 77, Capital One and squeezing into 97th place was Pulte Homes, which announced it was the first time it had been named one of the top 100 most desired MBA employers.