Georgetown vs UNC Chapel Hill for undergrad business/economics

Hello all,

 I am a new user of this site, a high school senior who is seriously interested in a career in the financial industry.  I have a few questions for you guys, and I was hoping I could get some advice.  
 I have been accepted to Georgetown University's Mcdonough School of Business, and granted assured admission after my sophomore year to the Kenan-Flagler business school at UNC.  Kenan Flagler is "ranked" higher by a few sources, but what is the industry opinion on the two schools?  Money is not a factor in my decision.  
 No matter which school I choose, I will have to choose <span class='keyword_link'><a href="/resources/skills/economics" target="_blank">between an Economics</a></span> major in the college, or a business/ finance major at the business school.  Does this distinction even really matter?  I would assume that a finance major would be more on the practical side of the material, but do I-Banks really view this as a large factor when hiring?  
I am desperate for some help here, thanks in advance for any advice you guys and girls have to offer.
 

They are both great schools.

If cost is no object, Georgetown is a better school for IB recruiting.

If UNC is in-state and your parents are only millionaires, not multimillionaires, do them a favor and go in-state; just do yourself a favor too and demand that they spend the savings on long-term care insurance so you don't have to worry about them.

 
IlliniProgrammer:
do yourself a favor too and demand that they spend the savings on long-term care insurance so you don't have to worry about them.
Wish my parents would have thought about this. I'm only 23 and my parents' health is already declining. I'm leaving the state for grad school but already trying to figure out how I can get back here eventually when the time comes. Not fun to think about, but I owe it to them.
 

What region are you thinking about living in post-grad? I know it seems far away but if you like the Southeast/Charlotte especially UNC is going to be very strong. Georgetown will but UNC's network is much stronger in the SE than NYC, where Georgetown is strong.

What are your financial considerations?

MM IB -> Corporate Development -> Strategic Finance
 

if you can afford Georgetown, do it. I spent some time in NC and you're right, the lifestyle in Chapel Hill is great, but outside of the campus, there's not much to do, not a lot of bars, restaurants, etc. If I had the funds to afford Georgetown for college, I'd do it. Georgetown has a great social scene, is in a great area of DC, close to Baltimore, and I'd bet it has a better alumni network. if you get a great job out of undergrad, you won't need that money for b-school.

 

First off, congrats. Both are great schools and you're fortunate. While I would say Georgetown is a slightly better program, if you got a full ride to UNC, I would choose that hands down. Georgetown isn't all that much better and if you can walk away from undergrad with an extra $150k in your pocket you'll be much better off. Both will offer opportunities for IB and you'll be just fine. FWIW, I looked at the analysts at the bank I interned at (BB) and there were people from both UNC and Georgetown.

 

I would go with UNC Chapell Hill. It is the stronger school by a long shot.

USNews (MBA)

16th University of North Carolina, Chapel Hill (Kenan-Flagler)

22nd Georgetown

Forbes (MBA)

13th University of North Carolina, Chapel Hill (Kenan-Flagler)

41st Georgetown

Bloomberg Businessweek (MBA)

17th University of North Carolina, Chapel Hill (Kenan-Flagler)

26th Georgetown

USNews (Undergrad)

7th University of North Carolina, Chapel Hill (Kenan-Flagler)

20 Georgetown

Fortune (Undergrad)

9th University of North Carolina, Chapel Hill (Kenan-Flagler)

?? Georgetown

MBA Median Salary University of North Carolina, Chapel Hill (Kenan-Flagler) : $145k (w/bonus) Georgetown : $141k (w/bonus)

http://www.forbes.com/business-schools/list/#tab:rank

 

Really tough decision - recruiting is better at GTown but social life is better at UNC (although it's a marginal difference for both variables). Visit both campuses to see which you prefer.

 
s2tn6at:
Really tough decision - recruiting is better at GTown but social life is better at UNC (although it's a marginal difference for both variables). Visit both campuses to see which you prefer.

You'll hardly be losing out on social life at Gtown.

 

Thank you all. @ Illini, not millionaires , but my father's post 9/11 GI bill, which he is generously allowing me to use, will cover almost the entire cost of both schools. How do you guys feel about the Economics Vs Finance major choice?

 
mrfrancis:
Thank you all. @ Illini, not millionaires , but my father's post 9/11 GI bill, which he is generously allowing me to use, will cover almost the entire cost of both schools. How do you guys feel about the Economics Vs Finance major choice?

If you want to do Finance, major in Finance.

MM IB -> Corporate Development -> Strategic Finance
 

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