Incoming freshman at University of Michigan
Hey all, I am a graduating senior who has enrolled at the University of Michigan LSA, not Ross.
Now, I really want to get into finance/IB, and I am writing this post to receive advice on what exactly I need to do to get into finance/IB. Like what steps do I need to take. I apologize for how broad this question is, but I am just trying to gather helpful information. Any advice would be appreciated other than "transfer to Ross," which I already plan on doing.
To give you some background, I did not apply to LSA because I am interested in a very qualitative subject like English or History. I am a very quantitive person (760 Math SAT), and if I get stuck in LSA would study something along the lines of Economics, Math, Stats, Computer science etc.
Hey man, I'm currently a ross junior at UMICH. The best thing to do to get started and show your interest is join ross student orgs. Even if you are in LSA, there are still opportunities to get into Finance with a minor in business. I would recommend applying to all the clubs that sound interesting to you or are related to finance, but the major/best/most selective ones here are Michigan Interactive Investments, Michigan Investment Banking Club, and Global Investments Committee. If you can get into any of these, they have in depth modeling experience and exclusive networking events. Otherwise, joining any investment/finance club is a good start to show your interest. I hope this helps!
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Thank you for your responses @universitystudenti" aamonkey
Do you guys recommend trying to get involved in these clubs during my freshman year? Or should I take some time to get situated first and then look at the clubs? Michigan Investment Banking Club looks awesome but it does not seem to have a lot of freshmen (6/ about 50).
Also, what's the word around campus about the new Ross cross-campus transfer process? I heard that they accept more pre-admit now but if you're declined for pre-admit you cannot apply as a cross-campus transfer. If you guys have heard anything else about it, can you please let me know?
Yeah you should just apply to them freshman year, there's no harm and you can always reapply. Go to BBA Meet the Clubs and of course Festifall to see all the clubs that you like, the business clubs start early.
For the cross-campus transfer, I haven't heard a lot about it, but I think its something like 20% can still get into ross if they weren't a pre-admit? I don't know much, but if you are super worried, you can email a Ross advisor.
Good luck!
Thanks for your help aamonkey. I will definitely look into that.
What should I do, other than join clubs, to land a notable internship? This question is directed at anyone, not just the two Michigan guys who have been giving me tips/nuggets.
Network with alumni
How? Do I Linkedin stalk alumni and try to get their contact info? Or is this something that will be made easier once I'm at Michigan? jburns
Definitely join some finance clubs. You'll notice at corporate presentations the alumni that come back are 75% Ross grads, but you also see a fair share of Engineering and LSA students so it's definitely possible to get good jobs from either.
Also in reference to the networking with alumni comment above, you'll find that it's 10x easier to network with alumni from an organization you've joined versus somebody random on LinkedIn, but you end up having to do both anyways.
Feel free to PM me if you have more specific questions!
I'm a junior in LSA going through finance recruiting at the moment. I have many friends in Ross and joined a prestigious business fraternity as a freshman. Joining a club helps for sure for networking. In the end, don't worry about your major/school too much though. Lot's of banks come to Ross for information sessions etc and they are open for all students. While Ross gives you helpful resources, it really is up to you to stand out at networking events and follow-up with representatives. If you really want to do finance and if you put effort in, you can make it anywhere.
All true - but you aren't going to be able to participate in the Ross OCR.
Would you be able to PM me?
Can anyone that is not in Ross BBA join Ross organizations?
And is there anything I can do right now that would boost my chance of getting into these clubs? Like emailing the president of the club or something.
Yes there are people not in Ross in the top finance clubs, Michigan interactive investments, Michigan investment banking club and if you're interested in investing there is the maize and blue endowment fund. The latter really takes mostly upperclassmen. In terms of boosting your chances, maybe emailing the club contact to show initiative / ask what you can do to boost your chances might help. Maybe another Michigan student can give better advice here. Being in LS&A does not equate to being in the liberal arts world only - David Rubinstein (founder of Carlyle, one of the largest private equity firms out there) was a humanities major as well.
Anyone else on what I could do to improve my chances of getting in some of the top clubs/organizations at Michigan.
Did you already apply to Ross during high school admissions and get rejected? Because if so, you can not re-apply as a college freshman. And even if you could, you're not going to get in. Less than 100 cross-campus transfers now. I'd bet a c-note all of them are either 4.0 grinds, underrepresented minorities, engineers or health care pre-med kids.
You should really transfer to college of engineering. Any banking exec worth a d*mn will tell you an MEngineering degree is 100x more marketable than a BBA. MEnginering + MBA is so much more marketable than a BBA schmuck.
where did you get that number 100 regarding the cross campus transfer process this year
Congratulations on Michigan. Ross is great, and the broader Michigan brand is phenomenal.
I'll echo what others have already stated. If finance is a true interest, transfer. If not, you will be fine with an engineering degree coming out of a school like Michigan, especially if recruiting for finance jobs.
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