Is UNC a good b-school for Wall Street? I was going to take finance and accounting, but they do not offer accounting at the school. Is it worth to take economics even though it is not part of their b-school?
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Not sure about econ. But UNC is respected with Charlotte investment banks....
Not sure about this, but even if not the same, remember NY is much more costly to live in than Charlotte, so you can't compare that way. Also, I recommend going to UNC. It's your best option. It also is highly regarded as a business school in general. I second the advice of minoring if you can handle it. Make sure you enjoy your minor. It WILL affect your grades when you do. Also, I recommend that you start subscribing to the WSJ daily. Read the first page of the front section (esp. the yellow left hand column for overview, the front page of Marketplace, and the entire Money and Investing section). Hire a resume company to do your resume and give you interview help. First cpl years though of college focus on grades, internship search and also reading the WSJ for help in interviews and general fun.
Hope this helps.
Surprisingly, base compensation is pretty much the same. Data points are a few friends at Wells and BofA. Not sure what bonuses are like in comparison.
I've heard Wells all-in salaries are the same as NY. Not sure about BofA, but I believe they only have the RE group in Charlotte.
Are you talking undergrad b-school or MBA? And what would your other options be?
Regards
Go to UNC. It's an awesome state school. It's fun as hell. And it will give you a decent shot at breaking in.
What are your other options?
I think you should do the business school and do a minor on top of the business degree. In all honesty though, do whatever you think you will be interested in. Your GPA will thank you.
Charlotte investment banks typically pay less than street, but you might work less hours and will pay less in terms of cost of living. There are some great MM shops in Charlotte. Check out McColl Partners and Edgeview Partners.
What do you suggest I minor in? If I'm going to major in finance already. Keep in mind they don't have an accounting program, so I can't take Intermediate Accounting either... :/
Maybe minor in something that interests you outside of business/finance. You will be fine without intermediate accounting- it's preferable to have but by no means a requirement.
I assume you are a college senior? Fucking forget about Wall Street for a little while, be happy you got into an awesome school, and enjoy the rest of the school year. You can figure things out as you go. You are already way ahead of the game even being on this website.
Make sure to minor in something other than econ. Just the thought of those econ/finance double majors/ minors make me cringe.
UNC > NC State or ECU. Its not even comparable. Unless you want to be an engineer (where you go to NC State) you should take UNC. I am saying this as a Duke student. haha. It sounds like you're in state, so you are also getting a great deal on a good education. My friends that go to UNC and are in the undergrad B-School have opportunities all in Charlotte or ex-NY. I am sure that some get to Wall street- I know one UNC student was at MS GIG last summer, but its harder. That said, I know McColl likes UNC students (as my second round post-interview dinner for SA with them was at UNC for some reason) and others like Sagent/Edgeview/WF all like UNC. I wouldn't even consider it a choice between UNC and State/ECU if you are going for business. Unless there is soethig else- like you really hate UNC basketball (as you should) or some family reason.
OP, I know that, after reading through this site, you feel like you have to freak out about setting yourself up right now for your career if you want to work in high finance but relax a bit. UNC is absolutely worth it in everyway. Great school, fun, sports, etc. Don't worry about what your minor should be now. Stuff like that works itself out. Find a subject that you like and minor in that. No one is going to care if you major in business/econ/finance/whatever and minor in something completely different, in fact, I prefer that in a lot of cases. The Double Major Finance and Econ Minor in Acct guys are a dime a dozen. Go enjoy college and work hard on your grades. The rest will fall into place with hard work.
There's a great dive bar on Franklin Street called "He's Not Here". Go there early and often.
Having gone to school in NC (not at UNC) and worked at a Charlotte IB for two years, I think I can offer some advice here:
1.) UNC is a far better option than NC State or ECU. It's not even a contest. UNC has a huge alumni pool, great undergraduate business school, and their OCR is second only to Duke in the southeast.
2.) Comp at Charlotte IBs is street. Wells and BofA both pay street salary and bonus (at least they did when I was there). The top Charlotte boutiques (McColl, Edgeview, BlackArch) pay almost street, and the other boutiques a bit below. All that being said, cost of living in Charlotte is MUCH lower than NC. You can live in the middle of downtown, alone, with wood floors and stainless steel appliances for ~$1200/month. Good luck living in a box in midtown NYC for that.
3.) The notion that Charlotte banks are not "Wall Street" is pretty misguided. You'll still have a lot of the same exit opps that NYC analysts do, especially if you do a bit of networking.
This is spot on. Have a plan, but don't obsess. Have fun, but don't be stupid.
Regards
I don't know how on Earth you could be wondering if UNC is the right choice over State or ECU.
Go to UNC, go to Kenan-Flager, have fun, and wait until sophomore year to think about this stuff.
UNC will give you some good access to banks in the south...not sure about in NYC. There are tons of IB in the south: Raymond James, BB&T Capital Markets, Harris Williams, SunTrust Robinson Humphrey, Morgan Keegan (now Raymond James), etc.
Is intermediate accounting necessary?
It's nice to have but it doesn't matter in your situation - UNC is by far the best school you have the option of attending. You have a shot from UNC - you have an exponentially smaller shot coming from NCSU or ECU.
You should minor in Franklin St., the Dean Dome, and Natty Light. Chill out man. Long ways to go.
Definitely go to UNC. I got into UNC and decided to go to another school in UNC because of eternal circumstances but now I am kicking myself for not going to UNC. They have a great undergrad business school and their OCR is great. Go to UNC and worry about getting into B-School your sophomore year. As far as a minor goes you might find classes that interest you freshman and sophomore year so just hold out on a decision on the minor until then. Above all relax and have a good time, Chapel Hill is a great college town.
go to UNC and enjoy yourself while getting a great instate education! I heard banking opportunities are pretty good coming out of UNC. I was at final round with a capital group last semester with 3 UNC undergrad business seniors and they said crap ton of banks and boutique firms hire on campus. (made me really jealous since I go to a engineering school with only 1 ibanking firm hiring on campus)
It really depends on how much effort you put in yourself. I have classmates who interned/got hired by GS, JPM, MS, ML, and etc. and those companies don't even bother coming on campus at our school.
Would UNC be considered a target for Charlotte IB and a Semi target for NY IB? I know this may be pre-mature but I'm just trying to plan out some internship opportunities?
I'd say so. All the BBs for the most part (ITE a couple of the lower ones may skip out, you never know) will recruit at K-F.
Do you eve have to major in Business Administration to be competitive for OCR? If I went to UNC I'd rather do Information Science since it is a top ranked program and take a few business classes. From what I've read on here, you can learn all of the business things needed to be a summer analyst during the summer.
How is UNC? (Originally Posted: 07/08/2015)
How would a finance major coming out of KF undergrad fare? Seems like most kids place into Charlotte, but also make it to NYC. Any opinions on this? Do NYC BB/MM shops do OCR? Any ideas? Thanks
bump
If you want to go to the NBA you'd probably be better off going to either Kentucky or Duke
lots of threads about UNC KF here, use the search function, it's not likely much has changed.
UNC at Chapel Hill (Originally Posted: 06/03/2013)
Would UNC be a good option to open up opportunities to Wall Street, even if I don't get into Kenan-Flagler?
ah shit bro. dat b a good question. I wuld say UNC iz semi-target. yo chances b lyke not that gr8 but not 2 bad either. gotta hustle cuz n keep ur nose 2 da grindsone n just keep on grindin till u make it big
Well said.
If you can't make it into a school's business program, how would you make it into wall st?
I didn't say I can't... Almost all posts about UNC was asking about the business school, and I was curious about the opportunities that the school has even without being in Kenan-Flagler. It's just a question. I also highly doubt not getting into the business program would mean you can't ever work on wall street..
UNC Kenan-Flager Admission Transfer (Originally Posted: 05/11/2013)
I am a newly admitted transfer student from St. Louis CC. My intended major is business, and I have recently found out that to be admitted in the business program at UNC(Kenan-Flager Business School), you have to again apply for their admission. After doing some research here and there, I understand that all transfer students are required to stay at least a semester at the College of Arts and Science before they can apply for the business program. Also, many students have said that being admitted is very hard, especially for OOS transfer students, like myself.. So here are my questions:
Will my grades and involvements at my CC play a role in the admission process? (I have a 4.0 gpa and the president of two clubs, one of them is Business Club).
If my resume shows a lack of working experiences, will it have impact on my chances of being admitted?
Sorry for asking so many questions! You probably can tell that I am a little panicked! (that'd be an understatement..) I came to UNC because I just really want to study in their business program, and if somehow I cannot get in.. that'd be really a bummer o_o
Any answers will be appreciated!
Kenan-Flager b-school (undergrad) is notoriously difficult to get into, especially for transfer students. Your grades will matter, both at CC and in your first semester at UNC. Would recommend taking the pre-reqs for the b-school, such as ECON 410 (micro-econ) and BUSI 101 (accounting)
Make sure to try and get involved in Business School clubs right off the bat next year and see if you can get an internship to strengthen your resume. Work experience is important to them, as it shows determination and that you a "go-getter". I know it is extremely cliche, but you need to be the whole package and show value as a student and employee.
Full disclosure: I've seen transfers get rejected here at UNC kenan-flager, and then transfer again into UVA, or UMICH undergrad business. PM me if you still have questions
ibd chances from UNC Charlotte (Originally Posted: 12/14/2007)
Is it too late?
by too late are you a graduating senior? BofA is def in charlotte...i pretty sure Wachovia is there too
Most of Wachovia's bankers are in charlotte- your close enough to make some connections- i am sure you have a lot of alums there.
graduating senior, trying to go to new york
way too late.
The last round of any super days, from BB to any sort of decent MM/boutique ppl have heard of before, was first week of november. At least that is what I heard.
There were a lot of BB and good smaller shops interviewing throughout november, but now they are all done. Some even had non-target days the first week of Dec. The only way to get placed at a top place at this point is to find a boutique that between now and summer gets a big uptake in dealflow and needs some extra hands.
Of the snowball in hell?
Huh? If you go to UNC then why is your name BlueDevil?
UNC Charlotte is different than UNC...and in NC, you're either a Duke fan or a UNC fan (if you grew up in the area), it's part of the culture.
Are you serious?
heh... unc charlotte is NOT unc chapel hill...
False, in NC you are not either a Duke fan or UNC fan.
Yeah you are, unless you live in WS and follow Wake Forest or your parents went to NC State. The vast majority of people living/growing up in North Carolina are either UNC fans or Duke fans. That's just the way it is. Have you ever been to a town or rural area in NC during basketball season?
Agreed. Growing up in NC you are either a Duke or Chapel Hill fan. Personally, I root for Duke.
Is UNC good? (Originally Posted: 05/17/2015)
I am currently enrolled for UNC - CH (in-state) and I'm wondering how it's perceived. It seems to be considered a solid semi-target with most big banks recruiting there for KF, which I plan to do after sophomore year (acceptance rate is like 50-60% and I'm a URM, so it shouldn't be too hard to get in). I had some other great schools that I was admitted to (Tufts, Georgetown, Chicago), but none of them offered me the money that UNC did (3k/yr including room and board. 12k for all four years). Did I make a bad choice? My family is definitely not well off and being able for them to financially support me through college without taking out loans was a priority. What does everyone think of this? Can I get into ibanking from UNC? Thanks
Dude, do not second guess yourself. If you do that you will not be happy at any point in your life. You made the right decision for you, and now you should make the most of it. I don't know if you have taken econ, but just treat it as a sunk cost (cannot be changed, so does not factor into future decisions).
That being said, Kenan-Flagler is a top 10 b-school in the country. Having a degree from there will set you up well. It will set you up well specifically for jobs in the south, though. Are you trying to be in NYC, or do you just want to be in banking? That is the big question that you should figure out now. If you want to (or don't mind) staying in the south, I am pretty sure that UNC is a target for BAML and STRH since they are both based in the south. Given that, if you take care of your business and do what you need to do you should not have a problem securing a position in banking.
Like I said, not taking out loans was a priority, so you made the right decision. Also, it's not like you are at Pembroke. Lighten up, hit up Franklin, but also take care of your business.
feel free to PM me. I'd love to help.
UNC Chapel Hill is a very fine school. As the school is right by Duke, another prestigious choice, You're making a fine bet. in-state tuition would be a big difference, and I understand that. Plenty of people take U-Michigan for example, to save money against schools like HYPS.
Sure that GU, Chicago may be half-a-tier higher than UNC, but you should not be worried. With the in-state tuition advantage, you can turn around your loan obligations faster. Your salary will be comparable more or less (before & after living costs), and it will be a fine springboard for any graduate programs down the road.
I did not have an in-state option at the uNC level, and I had to take out-of-state options. it's not an easy path.
Rock that GPA though. Regardless of your school's tier, your personal performance is also extremely important.
delete
You made a sound choice. You got money, which matters since you're not well off, to go to a fantastic school. Cheer up.
UNC Econ IB (Originally Posted: 03/24/2014)
How is UNC Econ in placing for IB jobs? Don't really care if its Wall Street or Charlotte
Rule of thumb:
If the university has a business school, econ majors will take a back seat to them, so recruiting/placement will be an uphill battle.
If there's no business school like at Ivies, LACs, and Vandy, then a major in Econ is only helpful.
UNC-CH Reputation (Originally Posted: 08/13/2011)
Just out of curiosity, how well represented is UNC-CH among nyc's top firms? Does it vary between undergrad and mba? I have a buddy who was thinking of either a second bachelors or mba there in a year or two. Also, what kinds of opportunities in finance are there in the NC area?
Charlotte is pretty big for finance. Can't really speak for the quality of the MBA program but I think Duke has the best NYC placement of the NC schools.
why is he gonna do a second bachelors?
He thought about a second bachelors because he had a foreign language bachelors prior and wanted to get into finance. He thought about a masters but for some reason is set on a second bachelors.
if he has a good legit job experience etc then just mba it up
How is UNC for undergrad ibanking? (Originally Posted: 08/06/2007)
I'm currently considering transferring....how does the school place as far as ibanking....and how is the alumni......thanks
actually forget it....i just saw the out of state fees.....i can't afford that crap...to those who live in NC, you guys are so lucky to have such low in state fees for such a great school....(roughly 5k in state tuition vs 18k for out of state!)
If you plan out as B-student you’ll be able to do it. Just move there, you’ll get your resident fees within a year and move on. I did it. When I started school I was out of state student so just took three credits at a time and afterwards cramped out the credits to make up for it.
^^^what if i went there, took the train from nyc, took out a small apartment in North Carolina, and then took out a PO Box....would that get around the out of state fees?
bumppp
this is an ibanking career discussion board, not a financial aid/admissions discussion board
UNC Kenan-Flagler Out of State acceptance rate is less than 20%. You're better off applying to UVA for a better school and twice the acceptance rate of out-of-towners.
^^^this is for my undergraduate degree with a major in finance....i know a couple of idiots who got accepted to UNC from out of state....I like UNC, because even with the out of state fees, it is still cheap than most other good schools....(with financial aid i'm probably going to pay 10k only a year for two years to finish my undergraduate degree)
compbanker, you can't apply to KF directly as a transfer; and even if you could OOS vs. in state doesn't matter as a transfer student for UNC.
bump
Is it possible to make it to NYC IB from UNC? (Originally Posted: 09/05/2015)
Prospective UNC student, in state. I'm 100% interested in working in NYC IB. I know UNC places predominantly into Charlotte or Atlanta, but it I'm wondering if it is possible to get to NYC IB from UNC? After my dad ran a finaid calc, it would cost about $2k/yr to attend UNC, so I can attend for a really, really cheap price. Granted, I still have to get in first, but with my stats, URM status, ECs, writing ability, and being in-state, I should have no problem getting in. I'm just wondering if going to UNC is sort of shooting myself in the foot in terms of making it to NYC IB. I know BB is going to be pretty hard, but what about boutiques/EBs or MM firms? I'd love to hear from some UNC alums currently in NYC IB and their experience.
Also, do you have to be a Morehead scholar to make it to NYC IB? I keep seeing things that it was really the Morehead Cain people who make it there. I will not be a Morehead Cain scholar. Thank you so much.
bump
Yes
Care to expand?
I think your concern centers around the fact that you are not coming from a branded school like U Penn or Michigan. This will make your journey harder, but by no means impossible.
NYC Banking is not some holy grail, if that's what you truly want to do you will be able to get there but it is going to require a lot of work. Because you are coming from a non-target school, you will need even more superb grades, 3.7+ is a must. Also, you need to network and hustle your ass off. Make it a point to meet bankers who graduated from UNC and join associations and clubs that can introduce you to the right people.
Don't get caught up in the school, it is important but it isn't a guarantee either way. Just hustle your ass off and if you want it bad enough, for the right reasons, you'll be there.
What the hell are you talking about? UNC is definitely not a non-target. At the least, it's a high semi-target. It's certainly not on par with UVA or UMich in terms of publics that place, but you can still make it from there. It's not like UNC is Eastern Illinois or something. It's still a top 5 public. I'd assume that if someone like OP really wanted to get to NYC IB, he could definitely make it from UNC. Seems like a lot of people opt to go to Charlotte just due to geographic proximity, but there still seem to be a number of NYC offices that recruit. According to the employment report, a handful get to GS every year. It's certainly no slouch.
It's definitely possible. No, it won't be like Wharton when every investment bank descends on campus, but there is a number of people that make it to NYC every year and into great places at that. Work hard, have some fun, network with alumni and make sure to study up on your financial material outside of class -- you'll be fine.
UNC is a very good school.
You can clearly spend 5 mins on google and find plenty of UNC kids coming out and working at BBs in NYC....do a bit of work next time before making a post on this.
Plenty of UNC kids in IB, trading, buyside, whatever. Tarheels are very well represented on Wall Street. Work hard and network, you'll get there.
UNC is easily a top five state school. For NY IB, Michigan and UVA are probably the only two that top UNC. While I did not attend UNC, many of my friends did. If you interview well, you are a virtual lock for Charlotte and Atlanta IB. Plenty of firms from NY will also recruit on campus. Take five minutes to look through LinkedIn. There are countless Tarheels on Wall Street.
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