Are top stem schools better for higher paying jobs on wall street

I attend one of Stanford CMU MIT Caltech type schools and I was wondering if this was a better move than MIT. My friends and alumni told me it's better to have a math and cs background from these schools bc you would be more sought out than a Stern UG and would get paid way more. Is this true? I keep seeing some of these schools like caltech and cmu as semi so I'm not sure.

 

I would not pick a school based on the expected salary after graduation

 
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If you want to be a Quant or trade derivatives than yes it probably will help, however if you want to be a value investor or invest in HY bonds/distressed credit than it wouldn't give you an edge. 

Schools like NYU have much more alumni across the street than places like Cal Tech which means you have more people that will fight to get you spots which in turn increases your chance of getting the job you want. 

Geographicly being at NYU is also advantageous as you can intern at firms during the year and network in person with people regularly at firms you want to work for. 

CMU is the same story as Cal Tech. Tepper is an alumn and I don't know if he hires from there (would probably give you an advantage if you managed to interview there), however across the board placements won't compare to NYU unless we're talking highly technical roles (Quant and trading derivatives). 

Stanford is the only one of those schools IMO that would have an edge over NYU regardless of the job. 

 

Lol I knew you were CMU when you name it in the same sentence as the others.

Look, in the grand scheme, it’s a good school. Only worry about what you can change now, just maximize your experience/opportunities there.

 

CMU is a very good school all-in-all but it's definitely not on the same level with respect to placement compared to MIT, Caltech. If you are able to transfer to one of those it could help. But tbh you may be better off transferring to an ivy that has higher placement like Cornell

 

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