How is Baruch College's reputation in the general field of Finance in NYC?
I am contemplating of re-directing may career projection into the Finance field after my military tenure with the US Marines and looking to do so by attending a Masters Program in Baruch College?
All of your suggestion/s are very much appreciated. I am looking forward in listening to your valuable opinions.
My summer analyst class in sales & trading had a few students from baruch. I know the banking class did as well. If you go there, network with the right people, get some internships, and get good grades you should be fine. Especailly coupled with your military experience. good luck man
currently go to baruch ug. agree with tekno, great location and great resources. shitty recruiting, but strong alumni in great places that can pull through if you know how to network. PM with questions.
Ditto to what tekno and paulson_01 said. Which Masters program are you looking into? The MBA is getting better but still very behing the elite. On the other hand, our Masters in Financial Engineering program has improved drastically and is competing for a top 5 spot. But let us not argue over silly rankings. What are you interested in?
I am very much interested in hedge funds. I know that it is very hard to break into, but I am willing to try.
I pre-suppose that an MS in Finance can complement my MBA in my effort in breaking into the HF scene.
What is your skinny on my approach? Do let me know...your opinion is highly apprciated.
ChimpUSMC
cambaz are you in the MFE?
are you guys joking? anything CUNY is a joke....
dont think ull find many CUNY people in top flight IB...at least in the front office
yeah, CUNY is a joke. but the top 15 students or so always place and always go front office. 15 students out of 15,000 is extremely small, but it is definitely the "big fish in a small pond" type of thing. i know for a fact we have about 20+ with FO SA offers (including myself), most of them being in IBD and ALL of the ones I know of are BB (except a Rothschild FT). Take honors courses, talk to everyone at the career development center a lot, and network, and you'll be fine. Namely because with such a small percentage of people that make it, the alumni is extremely keen to hook up anyone competent enough.
What the fuck is Baruch? Is that like Barnard lite or something?
Semper Fi. Without knowing specifics, I'd think you have better alternatives and bschools look very favorably on military experience.
jimbo...semper fidelis!
I already went the B-school route. I have an MBA from a not so well-known institution. I was thinking that MS in Finance can complement it.
What is your skinny on my idea?
Do let me know....yout opinion is highly regarded.
ChimpUSMC
No, I'm an undergrad (lower junior). I feel like we probably know each other
Baruch is the most "diverse" school in America. Being a public school, most students aren't as well off as Ivy kids and have to work very hard. Over 3/4 of my friends work at least part-time while being a full time student. My brother would work from 9-5 and go to school at night while he was a Baruch student, and this is very common here. This level of determination and the work ethic that is developed earlier on is appreciated by recruiters, and Baruch is growing in popularity. No one here said Baruch is the next Harvard, but if you are smart and dedicated enough, you can get in IB from Baruch. Like Paulson said, we have a number of people in BB's (both SA and FT), whether it be Goldman Sachs or Merrill Lynch.
The investment banking club is a great resource as well, as the majority of the officers/founders have secured positions at BB's and can provide you with great contacts. Besides programs like SEO, there is a Wall Street Careers Program that has been very successful as well.
Should Baruch be your first choice? NO. But don't be too quick to cross it off. Especially not the Masters in Financial Engineering program.
ses - as much as this sucks - these banks just don't care. Is your dad a managing director? NO! Do you work possibly even harder that the ivy leaguers - chances are yes in a LOT of cases (cuz u work + school with good grades + all these clubs and activities, etc.) BUT since they figgure that you went to Baruch because u were stupid rather than because u were EXTRA capable to go to school and get good graes and meanwhile have a full time job to support yourself and possibly your family, they figure OK we'll give top baruch sctudent' a chance at.....ops lets say... so there, better make some contacts fast, otherwise the only option is ops- and that is only if u're in high 3.8 +
Marketsbabe, I almost gave your post some credibility, until I read some over your other posts. It seems you are not even in banking. Did someone from HR tell you they assume people from Baruch are stupid and they don't care? Or again, like most college students on this board, you are pulling information out of your ass?
That being said, while Baruch obviously doesn't place as well as NYU or the Ivies, you will see about 1 or 2 in a FT class (at least at my bank). You have an advantage by being in the city. A lot of people intern during the semester, and then turn that into a summer internsip.
You are right in that they might usually think like that. I never argued that Baruch is a target. It is NOT. I'm just arguing that a very small portion of Baruch students are driven and hungry individuals who work very hard and get FO positions. Yes sometimes it is SEO, and sometimes it is their contacts. And sometimes it may even be because they have great grades and are finance majors that have excelled at their part time job at a hedge fund or PWM. Does it really matter how they got it? It's all about the bottom line.
Wall Street Careers Program
Class of 07: 15 seniors had FT FO offers at companies including GS, JPMorgan, ML, LB, Barclays, Wachovia. Class of 08: 9 juniors in the program have FO summer internship offers at companies such as CS, GS, Citi, JPMorgan, ML, and Bear Sterns.
This is a very new program and there are other students with FO offers at BB's that weren't in it.
I'm a lower junior, so I have one more summer before graduating. There are plenty of smart Baruch students. Not everyone can afford a 45K/year education. I got a 1520/1600 3.7 GPA.. Hopefully that will be enough to get noticed from Baruch.
Basically you go to these programs for two things. 1) What you learn and 2) recruiting options.
I think the MSc finance is probably a good route to go. But it's also going to be driven by recruiting opportunities at the school. I'm not really up on what they look like out of Baruch. I know NYU and columbia have good programs. Would you consider/be able to get into one of those? I'd be much less reluctant to recommend them.
most firms do not see Baruch as a front office target. so unless u have some good contacts or a part of a SEO or something it's gona be tough to get recognized as a potential front office candidate
cuny honors program?
Am I? No. I guess a couple of them are in the program, but the people I know aren't.
does anyone know about the macaulay honors college or cuny honors college at baruch? have banks ever even heard of it? is it prestigious?
I had a great high school GPA and high SAT score, however, I choose to go to Baruch Honors College. Mainly because tution would be free and they gave $7500 for study abroad. However, I quickly realzed that if I wanted a front office position at a BB I would have to start building my resume early. Mainly through networking I got a unpaid internship in September at a boutique Ibank. Recently, I leveraged that into a paid internship at a boutique M&A IBank. Slik Vik, the Macaulay Honors College is a good program but if you want secure a front office position you really have to show that you are a star at Baruch, and constantly network.
I know this is a really old discussion, but I have to say that I went through LinkedIn and I was super impressed by Baruch's presence-saw many people on Wall St at top co's in top positions.
Have you considered applying to an Ivy League Master's program? They're very friendly toward vets. I know plenty of vets in Columbia's various graduate schools (non-MBA), with a few who are going into finance.
Just saw this thread was pretty much written in the 80s. How do I delete comments?
It doesn't matter how you start, it only matters how you finish. Corny? Yes, I know. I graduated from Baruch many many years ago. I landed a mid office job at Bear Stearns and parlayed that over time and through different firms to become a bond trader. Now I am an investment banker at a growing boutique. If you get into and Ivy that is great. However it is not the only key that opens the door. I know a lot of guys and gals that have done extremely well for themselves that didn't go Ivy or work in BB firms.
Baruch (Originally Posted: 07/31/2007)
OK...I don't go to Baruch, but I just need an opinion. It seems like every business major I meet from Baruch has high hopes of getting into banking or HF. I was under the impression that this is a city college...do people really make it to BB's? or even MM's?
I'm asking since one of my family friend might end up there, but he still got big dreams.
lot of BB's stop there...but for operations. can someone else comfirm that???
bump...anyone else?
I've never heard of Baruch being a target or a major feeder into BB's...I've got a friend there and while she's not interested in finance says she hasn't ever heard much about banks through their career center
Not sure about the operations part - likely true.
*I know a girl who just go picked up from Goldman.
In the New York/Metropolitan area - a Finance and or Accounting degree is on par with NYU.
JP Morgan, Citi and a few others are regular prospectors at the school.
well im going to baruch(cuny honors college) and i def have high hopes of getting into ibanking. and i do know quite a few ppl ( about 20) who went into bb/mm ibanks from baruch. its def not a target but b/c ur in the city its easier to get internships or network.
wow, i stand corrected.
In all honesty, Baruch is targeted for ops.... a small minority that makes it to BB's/MM's front office slots ...are those students that have 3.9+, started their own organization, great work experiences etc...
and in my opinion if you are smart enough to get a 3.9+ at Baruch you probably should have gone to NYU and gotten a 3.5+....
Try to see if your friend can get into NYU...if all else fails then going to Baruch is ok....but tell him to try to transfer to NYU after having a near 4.0 GPA at Baruch which is not that hard imo....worst case scenario if your friend stays at Baruch for 4 years and he maintains a near flawless record at the school....then he has a really good shot to be in the front office of a BB or MM
thank you for the responses. Appreciate it.
I go to Baruch. It's definitely a back office target. However, there is a small group of people in Baruch who are very smart, dedicated and hard working, and they tend to make it into BBs. They don't need to have 3.9+'s, only 3.65+'s.
Aside from GPA, don't discount the NY connection. I have consistently worked in a financial firm throughout my 2 years at Baruch, and now have an incredibly impressive resume in terms of work experience. I don't mean to say that sounding cocky, but the work experience you get while at Baruch can't be topped (aside from Columbia and NYU, of course).
Lastly, students have the same yearning to be bankers as do NYU Stern kids. It's a product of living/working in NYC. As I'm sure analysts who have come to NY can agree with, everyone in NYC is/was a banker. It's hard not to be driven into the industry. So when you have a school the size of Baruch, full of students who are probably working and struggling financially, a byproduct is going to be a decent chunk of students who make it into banking.
And I can second the earlier comment claiming 20ish MM/BB interns. That's for banking only though, Baruch also places well into S&T and Research. Being neighbors with Credit Suisse doesn't hurt either.
That being said, your chances of making it into a BB from another respectable, well known school is significantly better. If you can make it into banking from Baruch, you can make it into banking from just about anywhere. So if there is no other reason for you to go to Baruch, and you've been accepted to another school, go there.
Go to Baruch. I can echo a lot of what wannabebanker says. I would emphasize the importance of alumni though. The best 2-5% make front-office every year... which means that we have built a decent presence throughout the years. I've been able to find people in nearly every position at nearly every BB, and they've jumped on the opportunity to help me (including eventually pushing my resume).
I agree with everyone though when they say to choose NYU over Baruch if possible. Obviously.
Paulson01, do you have a high GPA? I often think that the alums will only help you if you have a very high GPA. otherwise, they won't help you as much.
I go to Baruch (but I will be at Northwestern in the fall...) and agree with what has been said. All BB's come for on-campus recruiting for operations. They specifically say Baruch is a target for operations in their information sessions.
I know Baruch students in IB summer/full-time analysts positions from almost all BB's. SEO is big here.
*If you're an allstar at Baruch don't go to NYU - Baruch only costs $2k/Semester compared w/ $35k+/Year.
You can't beat the economics - and the fact that if you can kick ass at Baruch you've got relatively the same job opportunities as an NYU grad.
^^^^ WORD UP... igot into stern but i also got in cuny honors at baruch and the difference was paying about 50k a yr for stern or getting $7500 from cuny honors.. u do the math
As I said in private, yeah I do. 3.9+ during interviews, dropped a little now... but def need above a 3.75+.
Also a Baruch student here and yes, BBs often come on campus for ops, but certainly not exclusively. I have a friend in my class who's at GS for tax as an intern and I myself was given an opportunity with JPM IBD so...it's definitely an emerging target. Baruch alums also seem to reach alot more to other Baruchians in hope of pushing them in the door - its a win-win situation. As another commenter said, there's a big difference between going to Baruch and leaving debt free and having the freedom to go to a Big4 (another major recruiting group at Baruch) or a BB vs going to NYU or Columbia and being hindered by student loans that make getting into IBD and end all be all, primarily because of the pressure to earn a salary that'll help you pay off student loans. Many Baruch students are also 1st or 2nd generation which oftentimes is reflected into their work ethic and ambition. In any case, in terms of economics and exit ops, Baruch is starting to look pretty darn good. Don't underestimate us : p
Baruch is a shit show. JPM recruits heavy there and most of those analyst are bottom bucket / dont get good buyside offers
Is Baruch worth the opportunity cost? (Originally Posted: 09/04/2010)
So I have heard numerous debates of CUNY Baruch, if its worth getting a bachelors in. I know their MFE program is very great, but I am wondering about their undergraduate.
It is definently cheap and close to NY...but sometimes I am very skeptical about even wasting my time to apply to there. I already have 2 years at a cc under my belt, with a pretty good GPA and was wondering if Baruch is worth it, or instead I should just apply to NYU.
Applying to NYU is one thing and getting in is another so Baruch is a safe bet. It's a decent school but the chances of getting into IB from there are small because you have to go over the top networking and get lucky, but it's not impossible. You do get hired into Middle office and back office a lot.
yes and no
I know plenty of people that landed nice jobs after graduation, but they worked their BUTTS off to get these jobs.
You definitely have a better chance and college experience at NYU but it comes at a short term cost.
IF i had parents that would have paid for my college, id choose NYU without a doubt.
Baruch - IB Target? (Originally Posted: 09/24/2010)
k
I would definltely not call Baruch a target. Kids landing bb ibd internships from baruch is not unheard of, but baruch undergrad is just...overall not a very good program. Im sure their mba program is diff tho.
Target usually means Yale/Wharton/Columbia, Duke, etc
k
Seriously? BB Bulge Bracket - Major IBanks, IBD Investment Banking Division
Auvee.....you need to network with your classmates. Baruch had a large Summer analyst group this past summer. Ask them, since you're in the same shoes and they got theirs in the door already
Guys...troll alert
Not a target at all. Banks come there to recruit for operations and for minorities.
I wouldn't exactly call Baruch a target per se, but they do have some alums on the street. As commuter already pointed out the best way to get in from a non-target is to network with your alumn who have broken the ranks.
As a former student at the school, I truly feel sorry for those who think they can come out of Baruch and land a job at a BB. Most people at the school are really delusional and set unrealistic goals for them selves. It wasn't completely impossible back in the early 2000's to come out of that school with an offer at a BB but those days are long gone.
No it's not a target. Assuming you currently go to school in NY state, you'd have to transfer to Columbia, Cornell or NYU Stern to be a target.
Get real. Baruch is a joke. All you need to do to get in is spell you name.
Columbia or Stern
Stern is more like a 3/4 target
Where's Febreeze when you need him? He knows the answer to this question.
Stern is def a target
I attended Baruch, obtained sophomore S&T and Junior S&T internship follow by a full time at the firm. I know kids that did the same with IBD
Goldman Sachs and JPMorgan both recruit on campus for Investment Banking, S&T, and IB Risk divisions. I know students who have landed a summer internship sophomore year, junior year, and obtained the full time offer in various bulge brackets (name any one and you will find a few students).
If you are a top student and have a good story, you will get the offer (just like anyone else from a target school)
Also take a look at the FLP program: http://www.baruch.cuny.edu/careers/flp/flp_success.html.
Baruch as a school is not a target school at all. It doesn't mean that banks don't interview Baruch students for IBD/AM positions.... JPM recruiters a good number of students from Baruch every year.
Most companies recruiter for MO and BO jobs at Baruch.
As far as I know, 2013 placements are: 1 GS IBD 2 JPM IBD 1 UBS IBD 1 DB IBD 1 Citi Capital Markets
Baruch is not really a target school, but they do manage to place a few people each year.
definitely not a target, but networking opportunities are insane based on location. With enough drive and good networking, you can land solid IBD - but don't think you're on the same level as H/P/Y/W
Is Baruch College worth going? (Originally Posted: 04/18/2014)
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The one in NYC ? If so, I know a guy who majored in accounting at that school, and he says the school is piece of crap. Personally, I know nothing about it. Check with others.
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