Cornell ILR school
Fellow Monkeys,
Have any of you heard of Cornell's ILR program? If so what is rep for it on the street? among consulting firms?
Will I be at a disadvantage for recruiting for not being in AEM? Though I can always transfer, but I would rather study the coursework in ILR.
If there are any Cornell alum here your, advice would be so helpful.
I am specifically curious about management consulting and banking opps.
Is BB recruiting university wide, or will my major or individual school be a factor?
Is the competition for these jobs fierce?
Much thanks to everybody that can offer me advice.
I'm a graduate from Cornell and can answer some of your questions about the ILR program; but I'm not too familiar with its reputation on the street.
BB recruiting is university-wide and they accept applications from every major. Your individual school will only be a problem when it comes to explaining your story in an interview (why ILR?) and irrelevant core- coursework. You can take electives at any school and take the finance courses at AEM, Johnson (B-school), or Hotel (surprising amount of finance courses).
The competition for these jobs are extraordinarily fierce, with a growing amount of interest from non-traditional backgrounds into finance. For each full-time position, most bulge-brackets gave away 13-26 first-round interview slots, and gave offers in general to around 2-4 students, and that is out of about 300-500 applicants depending on the position.
At Cornell, ILR is not really considered a main finance-focused school, given that its Industrial Labor Relations, and people tend to associate it with Human Resources, Law School, or Labor Econ.
As for on the street, that's a tough call, I had a couple of friends from ILR that ended up at places like State Street and Trillium (prop shops), and I've had some that ended up in plain HR.
Transferring within schools at Cornell is fairly simple, so don't be intimidated if you join ILR and feel like you want to change to AEM.
If you want to do IB and you can only get into ILR, find the quickest way to get to AEM or econ if possible. ILR will really hurt your chances as pretty much everyone there goes into law or HR and recruiters know that. I knew one kid there who got a boutique consulting gig, but that's about it. It's better to go with a major you're interested in in one of the other schools than have to sit through labor and bargaining courses that have nothing to do with finance. PM me if you want some more info.
Also, if you can, try for the hotel school. Those kids are clowns and a bunch place into IB after having taken ridiculously easy classes and partying for 4 years.
1) No one goes to Cornell to party
2) The hotel school is top of the line ,might not be what you are interested, but I do not consider those students to be clowns
Hotel school may be top of the line for hospitality programs, but that doesn't really speak to its difficulty (which hotel kids acknowledge). Trust me, if you can get into AEM or hotel (in that order) your life will be amazing.
Thanks a lot for the responses guys, really helped answer my questions . I got into ILR as a spring admit so I have a lot to think about where to go for fall if I decide on it, I am waiting for georgetown msb, northwestern and waitlisted at university of virginia. Do you think ILR would give me the best opps out of those choices?
I am going to do a bit more research about transferring to AEM and Hotel. Also do you guys happen to know if I will receive financial aid if I need to stay an extra semester or two if I plan to transfer to say hotel or something and need extra time to meet all the requirements? And again thanks for the responses, I will definitely be contacting you guys in the near future with more questions haha sorry.
I stayed at Cornell for an extra semester to load up on math and econ courses in case I wanted to pursue a Ph.D. in Economics. I received my normal amount of financial aid for that extra semester. I believe they cap it at a certain amount of total aid, not at 8 semesters.
I agree with the above advice about transfering to AEM or Econ if you're really interested in working for a BB. I was a PAM major and had a tough time getting interviews while my AEM and Econ friends with lower GPAs and less extracurriculars were landing jobs left and right.
Crease would you also agree with hungry about the hotel school?
Edit: Crease would you mind me sending asking you a few questions via pm?
Hotel has a great reputation but not better than AEM or Econ when trying to break into banking. That being said, a Hotelie friend of mine got an SA position at Morgan Stanley, and is now a GWM FT analyst there.
Feel free PM any questions.
Uhh... Hotelies/ILR/AEM are all clowns. Please.
In all seriousness, go to ILR, transfer to AEM, you'll be set. Don't stick with ILR if you know you want finance.
Or, if you have the numbers, go EE or ORIE and take finance courses and you'll be golden.
-Pissed off Cornell engineer watching his AEM friends make 2x his salary.
Can I ask you more about ORIE?
Can I ask you more about ORIE?
Thank you krypt and crease for the advice and comments
crease I sent you a pm
Not seeing any PM. Maybe I'm looking in the wrong place?
should be in the messages in the upper right hand corner, maybe there was some error i'll pm you again
Hmmm not what i was really hoping for considering I'm actually transferring from a non-target to ILR this fall in hopes that I would be better positioned for management consulting. I guess I can't really be surprised though. Main reason I'm going into ILR is because I was given a guaranteed transfer when I applied out of high school and figured that would be the best route rather than risk reapplying to a different college w/in cornell. I still think I can tailor a lot of the classes in the ILR school (fantastic economic history courses and other niche subjects) as well as a ton of finance/econ electives which still count towards the major to my personal and professional interests. ILR also offers a pretty decent econ minor that goes through the intermediate micro/macro level and is only a few upper level electives short of the actual major. Guess I'll have to kill interviews to make it work.
miktau, definitely transfer to ILR. Its not the ideal major at Cornell to break into banking but Cornell at the top of your resume is better than most alternatives.
Thanks for the advice, yeah I'm pretty satisfied with my decision. I definitely think i can make it work and a lot of the core does appeal to me so that's no problem either.
If you do ORIE be prepared to take stochastic calc, and even with that you'll find yourself competing for the same job with some ass-hat from AEM.
I personally respect the Hotelies more, a lot of them maybe rich - neptoized ppl but some of them are scrappy as hell. AEM on the other hand is nepotism central.
Cornell ilr (Originally Posted: 04/26/2014)
How well does cornell irl place into nyc offices? Would it be better to go to cornell ilr than northwestern? Assuming i take finance electives along with ilr. Thanks
I'm a current ILR student trying to break into I banking. I can't tell you for sure, but I'm fairly certain that every year theres a few ILRies who manage to break in.
"theres a few ILRies who manage to break in" doesn't sound encouraging haha, thanks for the post tho
Since the major is not directly related to finance, I think its also a matter of not that many people being interested in finance rather than so many people trying but not being able to get in.
There's no distinction between the different colleges in terms of recruiting. Vague preference of econ>aem>hotel>ilr but really is insignificant. Work hard and you'll have a solid shot. I know an ilr kid who got JPM IB Sophomore year.
Thanks, why is hotel above ilr?
Hotel has a bunch of finance classes, ILR doesn't
Really doesnt matter much what college or major you are in. Just try to show an interest and get some internships. I know classics majors and east asian studies majors at Goldman from CU.
Right, thanks. But I am pretty worried that banks will be more inclined to put me in HR positions since ILR specializes in that whereas if you had an east asian studies, there isn't an east asian studies department in banks lol. Also, how does Cornell ILR compare to Northwestern? I heard NU doesn't place that well into NYC which is why i started to explore cornell ilr
I think East asian studies might actual be pretty relevant considering east shift in the nexus of financial power, but thats irrelevant.
Saying that ILR specializes in HR is an overstatement. You're only required to take one HR class in ILR.
I'm sorry I don't know anything about NU, but regardless of where you go, you just have to have your story down and have something that makes sense. For example, "As an industrial and Labor Relations Major at Cornell, I took several classes about organizational change-- both cultural and structural. The idea of organizational restructuring really interested me; Nevertheless, I wasn't quite sure how to pursue this interest. Similarly, as a business minor, I've taken classes in both finance and accounting. Furthermore, after attending a Morgan Stanley information session, I realized that working as an investment Banker in Mergers and acquisitions would be a perfect way for me to leverage my interests in organizational restructuring and finance"
Regardless of where you go you still need good grades and an internship to get into IB so selecting between NW & Cornell ilr should be a matter of where you fit in well. That will help you succeed in the near future.
@State of Trance, of course, but i've been reading some threads, i believe on this site, and a lot of people were saying NU placement sucks in NYC and they barely get any placement in chicago because they compete with UChicago and the analyst class in chicago is very small. However, if I get into NU, i would study Economics, which is a bit more relevant than ILR but that doesn't seem to matter much according to most of these posts
NU does place well in Chicago as you would expect but I have meet analysts from NU in NYC. This is a couple of years ago so things might have changed a bit. Most NU analysts that went to NYC were at BB and not EB from what I can remember.
I would not worry about it, plenty of high level management ILR alumni on Wall St. I was at JPM last summer, and Doug Braunstein is an ILR alumni pulling heavily for ILR and CU in general .
I know of dudes in ILR going to Lazard, Barclays, you name it.
You guys have been quite helpful, thank you. If anyone else wants to post their opinion, please do
I think you have a quite pessimistic view of Northwestern. I know someone who graduated top of their class at NU Econ, and landed a job at a megafund right out of school. If you do well there, (or Cornell for that matter) the possibilities are endless.
Also consider that these majors aren't really comparable. From my research, ILR @ Cornell is way more reading and qualitative work than Econ @ NU. Just based on this alone I would lean towards NU especially if you're looking to break into finance. Ultimately the decision is up to you, both are fine schools, but I would look to take the path of least resistance.
Yes, which is why i said supplementing ILR with finance and accounting electives. And yeah, my view is pessimistic b/c of what people have told me, idk
Cornell AEM, ILR, Hotel, ECON all place fairly well as long as you supplement curriculum with a few finance/accounting courses as well as joining the investment club/venture capital club/etc. Although I would take this into account when considering how competitive OCR can be when kids from these various majors compete for IB jobs.
Can't speak to NU.
Would you say placement is better at Cornell ILR than NU for nyc offices? I really want to work in nyc since i live here
bump, just looking for more opinions
For what it's worth, there's an ILR kid at Blackstone R&R. I'm sure you'd do fine there as long as you're proactive, but pick the school you feel is a better fit.
I agree with the comment above, Hotel School is stronger than ILR, but AEM is the strongest for IB/Consulting
Cornell ILR school: reputation, competition for jobs in BB after? (Originally Posted: 05/06/2010)
Fellow Monkeys,
Have any of you heard of Cornell's ILR program? If so what is rep for it on the street? among consulting firms? Will I be at a disadvantage for recruiting for not being in AEM? Though I can alsways transfer, but I would rather study the coursework in ILR.
If there are any Cornell alum here your, advice would be so helpful. I am specifically curious about management consulting and banking opps.
Is BB recruiting university wide, or will my major or individual school be a factor? Is the competition for these jobs fierce?
Much thanks to everybody that can offer me advice.
I'm curious about this as well.
i know someone that is in that program. all i know is she was only getting HR related interviews.
Not particularly encouraging but I have heard that of those who are seriously interested (i.e. make full use of alumni contacts, on campus recruiting, take plenty of AEM classes, etc.) tend to have a decent amount of success in Ibanking. I'm personally more interested in consulting and while just coming out of the program I'd set for most HR consulting positions, I know I would have to really work to position myself for strategic consulting. Luckily ILR has the flexibility to take a lot of relevant AEM classes to even out the degree. Guess I'll find out soon enough as I'll be entering this fall.
Cornell ILR Wall Street Placement (Originally Posted: 08/28/2008)
Hi, I'm intent on applying to Cornell ILR and I was wondering whether any current Cornell ILR students/alums/etc. can tell me how well Cornell ILR was represented and placed on Wall Street?
I knew someone in the policy analysis and management program at Cornell. However, he went to law school. I think the ticket to Wall Street can be more easily found in the Ag School's "business" program. Personally, I wouldn't attend a college with Agriculture in the title and would go to Arts & Sciences or Engineering - these are really the only Ivy League colleges at Cornell - the others are state-supported institutions and their students are not as impressive (completely different admission standards).
Cornell mostly has the AIM and Hotel kids on the street. But honestly, you can do it just as easily from ILR. I think it is mostly that finance attracts the former more.
Eveniet et est neque voluptatem eum possimus asperiores dolores. Aut et ut eum occaecati impedit. Mollitia numquam assumenda ratione maiores omnis quo excepturi ipsa.
Quibusdam est error aut sed natus. Sit praesentium veniam delectus deserunt assumenda qui. Sit quis rerum assumenda rerum quia a consequatur. Est consequatur explicabo qui ut quia est placeat.
Exercitationem molestias enim aut quaerat corporis alias sit. Commodi quia aliquid voluptatibus ut nemo eum. Praesentium tempora nisi eos atque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Ab debitis occaecati atque quas. Blanditiis ex omnis numquam velit id asperiores consequatur. Cumque enim id quia reiciendis aliquid sint. Impedit nobis neque aut repellendus quia unde vero.
Blanditiis corrupti sint similique dolorem et impedit perferendis. Ut hic ut qui voluptates. Facilis porro qui vel sint. Modi vel ipsa optio eum veritatis. Et tempore repellendus rerum. Dolor et earum molestias cum id.
Quibusdam doloremque amet odit dicta iusto consequatur. Excepturi sint aut porro minima ullam id nam. Maxime nostrum fuga non sed omnis tempore. Ea odit perferendis aut optio.
Qui vel dolores et eum. Ut et at et ad sit rerum. Sunt nihil aut qui ducimus eos nesciunt deleniti ipsam. Beatae reiciendis reiciendis nostrum. Non atque sit facilis qui error magnam in. Fuga et repellat voluptates necessitatibus ut ratione deleniti.
Nobis praesentium veritatis debitis. Nesciunt saepe natus laboriosam vero qui perspiciatis. Natus nihil est eum consequatur quo. Ipsam odit iste sequi. Maiores qui enim ex nostrum minus adipisci assumenda. Quam exercitationem rem in modi dolore.
Rem sunt delectus quaerat beatae. Nobis et labore reiciendis et ut voluptates reprehenderit cumque.
Dolores sint odio aliquam. Veritatis est laborum et magnam enim. Magnam facere quaerat earum quia.