I'm transferring from a CC and am planning to go into IB. Which school would be better as far as job opportunities. Im assuming I get into both of course. Indiana University Kelly School of Business or University of Illinois Urbana Champaign.
UIUC is a better school all around but IU is a top ten finance program so which would you choose.
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If you can be one of the top 5% of students overall at Kelly, including leadership experience, you can make it to Wall Street.
If you can get a 3.5 GPA in Accy at UIUC, you can get a job at the Big Four, do an MBA, and make it to Wall Street.
so are you saying its harder to make it from Kelly?
For IB, you can't go wrong with Kelley.
Kelley.
Kelley by far if you can get into Workshop
Kelley.
Coming from a CC, you will have to get really close with the professors though, get involved with ECs, and get PERFECT grades which is not easy by any means when you transition to a top business school. If you don't get into the Workshop for juniors, they have a program that places kids in IBD after their senior year.
I really don't think it matters which top B10 school (mich, penn, iu, uiuc, nw) you go to if you're smart and hard-working.
BB only hire SA's out of Haeberle's IB Workshop. They do not come back for FT, at least that was my experience. You do get the Baird, Houlihan, William Blair, KBW, Cain Bros, Key Bank, Sandler O'neil types. The senior year IB class that is supposed to help get positions does not have the placement #'s that the Workshop has. I would say workshop places 90%+ and senior year class 50-70%
Given that he is transferring from community college these are still very attractive percentages and likely a bit better in terms of upside than Illinois.
You can get there from either of the schools, IF you are one of the top students. As mentioned above, Kelley recruiting for IB seems to be exclusively driven through their IB workshop. UIUC typically gets on-campus recruiting from several BB and MM banks for both Chicago and NYC, and it's a wider cross-section of students that get those interviews (this used to be the case, anyways).
You run across enough grads from both programs in NYC to make a solid case that either is a good option. I may be biased (as UIUC grad) based on my own network, but I think there is a higher number of UIUC grads overall in top finance roles. The couple of Kelley kids I've worked with have always been rock stars and awesome co-workers for whatever that's worth.
Kelley (bias). I think the placement is a bit better. Both place well into Chicago MM groups and boutiques, but I've seen more Kelley guys in Chicago BB (GS, old UBS, etc.) than UIUC. Both are solid and will give you a chance.
Thanks for everyone's advice I appreciate it
IU Kelley vs. UIUC Business Honors (Originally Posted: 03/25/2015)
Hey guys!
I am trying to figure out which school to attend and would like some input. Ultimately, I would love to end up in either ib or management consulting after college. I am trying to decide between IU and UIUC. IU would seem like the clear choice given the success of their ib workshop, but I was one of 40 applicants who was accepted to the Illinois College of Business Honors Program. Illinois has an ib academy, but it is a good bit smaller that IU's workshop.
With hard work and networking, which option would you view as more favorable for breaking into ib?
I would go with Indiana. Full disclosure, I am an Indiana alum and worked at a BB for two years, two years on buyside (credit shop) and am now at a BB doing lev fin. Also, if you get good grades your freshman year you could be accepted into the honors program at IU. I am not sure about Illinois, but can honestly say I've never come across a resume from Illinois at all the shops I've worked at for what it's worth.
In my opinion, you will get exposure to all ranks (BB, boutique, mid market, etc.) of banks / consultant gigs at Indiana versus at Illinois, which might be more limited to the Midwest and smaller or regional shops
$64K (actually 100K question): which is in-state?
UIUC has one of the best accy programs in the country. It also has an excellent engineering program that outranks the Ivies in US News and salary stats. If you go to UIUC, I'd consider a double major with engineering.
Kelley gets great placements in IBD on Wall Street; UIUC gets great placements in trading and quant roles on the buy side (prop trading and hedge funds). I think a Finance/ ECE or Finance/ Engineering degree from UIUC would be a really powerful combination.
They're both good schools. If you choose UIUC, give some serious thought to engineering or CS and a career as a quant or in HFT. Business honors is a great program and gives you a mentor in finance. You may also consider applying for the Campus Honors Program.
As great as I'm sure a bus/eng Illinois degree would be, there's pretty much no way I'm going to do that. I've always been much more of an econ/calc guy than physics/chem and plan to major in finance and accounting. Also, as ridiculous as this may sound, I am out of state for both, and these are the only two schools I applied to!
Oh dear. What is in state for you and why didn't you apply to Berkeley and UMich? Illinois is like the Cornell of the public Ivies and Kelley is the UPenn (replete with b-school alumns claiming their school is as good as Harvard), but UMich is Princeton and Berkeley is Harvard. (UVA, UW, Penn State, and Ga Tech/ VT are in there too somewhere)
In all seriousness if you know you want banking go to Kelley. But the Calculus part makes me think you'd do well as an engineer. And in ECE, MechE, and certainly CS there's very little chemistry. Some E&M from Physics of course but that's two classes for CS majors (admittedly more for ECE).
Seriously give STEM some thought. It's useful.
My state u was significantly worse for what I wanted. Don't worry though, I'm getting a good bit of scholarship $. No Berkeley/Umich/UVA because their B schools don't have a direct admit option. I figured if freshman year didn't go amazing I'd rather just have a bad starting GPA in the program I wanted than be kept out of the business school altogether.
IU Kelley or UIUC College of Business for Finance (Originally Posted: 02/16/2016)
I have already been admitted to IU Bloomington (Direct Admit to Kelley) and UIUC (College of Business). I am still waiting to hear back from Michigan (was deferred from EA), USC, Babson and Emory ( I know mich, USC and Emory are long shots but I'm still a little optimistic about them) on April 1st.
It may be too early to make a call but I would like to do get into investment banking . As of now, I need to decide which of the two (IU or UIUC) should I choose bearing that in mind. I have heard a lot about the Kelley IB Workshop but since it is competitive I do not want to factor that in my decision for now. Tuition and costs are not much of a concern (I considered this before applying to the universities). Apparently the salary stats are much better for UIUC than for IU as far as finance (or even investment banking) is concerned. I would like to land a job in NYC, Chicago or LA (the reason why I considered USC in the first place). Not to mention that it is more challenging to find employment for an international student at top banks with high pay.
Please help me in choosing between UIUC and IU and if possible, rank all the universities I have applied to based on how they match my preferences and interests.
Thanks!
"Apparently the salary stats are much better for UIUC than for IU as far as finance (or even investment banking) is concerned. "
IB salaries are going to be generally the same across the board. I don't think either will place well into LA, but will have decent opportunities in Chicago if you're a solid candidate. Obviously IU places well if you can get into the workshop, including into NYC. Not sure how many UIUC guys make it to NYC IB.
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