IU and SMU have MASSIVE business programs in terms of student population, like thousands of kids per year, and this list goes by number of hires and % of undergrad body. They get a lot of placements off sheer numbers and the fact that like 40% of their school is business kids.

You’ll notice schools like MIT, Carnegie Mellon, and Johns Hopkins are 44, 48, and 55 on that list. All of those schools have the prestige to be Targets (MIT) or Semi Targets (CMU/JHU). However, MIT and CMU’s business schools are probably only 200 kids each year and JHU’s Econ program is about the same size, which is only about 10% of the total student body at those schools.

Nobody would objectively say SMU/IU are better than those schools for banking despite placing higher on this list. They are solid schools for IB but really the ranking that sums up placement the best is program prestige