Kellogg vs. Fuqua vs. Tuck vs. Johnson
Hi all.
Last week, I heard back from all the schools I applied.
Kellogg (WL), Fuqua (WL), Tuck (WL) & Johnson (Admit with some $)
My post-mba goal is to break into NYC IB.
I see the difference between Johnson and Fuqua is minimal and I prefer staying closer to NYC (thou it is still 4hrs drive). I know Kellogg and Tuck are both higher-ranked than Johnson. However, Johnson is still an awesome school especially for NYC IB at least from my observation of Johnson's IB placement from past few years. (17~18% of class are heading to IB and 60~70% of those are joining BB/EBs)
So here is my dilemma... getting off waitlist is difficult and requires quite a bit of work (visit campus, keep updates, etc....). I wonder if it worth time and effort to go thru the process vs. spend that energy and time on something else (e.g. prepare for IB, pre-MBA IB internship, etc.) What do you guys think?
I would also like to know: 1) prestige of Kellogg/Tuck in IB relative to Cornell's 2) short-term & long-term benefits/strengths of Kellogg/Tuck over Cornell in IB.
Beside answering the above, please feel free to share anything relevant.
Thanks in advance,
It seems like Johnson is your only choice here if you were waitlisted at the other three. With that said, Fuqua tends to have a fair few waitlist admits, so I'd make sure you are sending them an update and staying in contact throughout.
Once you get into IB, no one cares about what b-school you went to. Kellogg/Tuck are not IB powerhouses - if you go to Cornell, you will have more alumni at whatever bank you end up than K/T. This would be different if it were CBS (WL) or W (WL) vs. Cornell.
Thanks.. I'm aware that a lot of Cornell undergrads work in WS not sure about the presence of Johnson MBA grads thou.. any idea?
And I'm gunning for Wharton R2.
The major difference here is going to be, not whether or not you get a job, but where you get a job. EBs, aside from Moelis, don't recruit Johnson. You want an EVR/LAZ/PJT/PWP offer? It won't happen from there. You also will find that GS/MS/JPM don't consider Johnson a core school. So while you MAY have 1 or 2 people go from Johnson to those three each year, it's, again, more based on what you did before school (for IB, JPM private bank and GS PwM recruit heavily at Johnson and many who miss out on IB go that route). The best Johnson candidates generally end up at the next tier down (BAML/Citi/CS/Barclays) with most going to a lower tier BB (DB/Macquarie/UBS) and MM (Jefferies/SunTrust/RBC).
All three of Kellogg/Tuck/Fuqua will provide you better chances at the top banks, which may be worth it for you to consider. IMO, I'd stick it out and try to get off the waitlist somewhere as that first job matters a lot. But if you love the school and think you'll be a top candidate, Johnson is still a very good IB school and going to a mid tier BB is still a great job.
Thanks tons for your input! Very helpful. I will definitely keep myself in the K/T waitlist loop and see if I can get a spot.
another question.. we all know Kellogg students are sharp and can get IB... but I heard quite a few ppl who want IB fail to get one (success rate 60~80%).. this seems bit concerning. And Johnson seems to be doing a bit better than 80%... any insight?
I'd really push for Tuck, but that's just me. Johnson will still be solid.
Let's see what happens :)
Assuming this is regarding MBA-recruiting. Before I start, by way of background, I have worked at a BB and now at an EB. At both organizations I was pretty heavily involved in MBA recruiting, including this year. I did go to MBA but not at Johnson, however, at both organizations, was asked to step in regularly to speak with students across the range of schools including MBA business schools ">M7 and Top 15.
To answer your first and second question, agree with short_round, your consideration should be to get in. After you're in, nobody cares so your prestige question is somewhat irrelevant. In terms of considerations around which school to attend for the long-term, its really about the alumni base. Of the four you mentioned, I'd imagine that Kellogg/Tuck/Johnson have comparable presence on the street although Kellogg strongest with added exposure to Chicago IB, Tuck/Johnson smaller presence than finance heavyweights such as Columbia or Wharton. Fuqua probably has the smallest presence of the four.
I disagree with AllDay_028 about the EB comment. For a fact, beyond Moelis, two of the four EBs mentioned do have standardized, but non-core, recruiting efforts at Johnson. I think the assessment of GS/MS/JPM is correct in that Johnson as non-core likely places 1-2 per year at those banks with higher numbers at the next group of BBs as is standard among top b-schools not in the MBA business schools ">M7.
For what I've seen, of the other schools that you mentioned, Kellogg likely has the highest placement albeit split between Chicago and NYC, Johnson slightly ahead of Tuck in NYC, Fuqua with the smallest presence. This is a byproduct of the school's location and ability to come network in NYC from the period of October-December of your 1st year of MBA program. As a 1st year MBA at a non-East Coast MBA business schools ">M7, standard recruiting procedure is to travel to NYC every Thursday-Friday for informational networking, tapping into your school's alumni base and recruiting team at the respective banks. Between Cornell/Tuck/Fuqua, I've found Cornell has the most standardized/established recruiting procedures, followed by Tuck and then Fuqua.
I'm very familiar with IB recruiting at Johnson and I disagree with AllDay_028
The top tier candidates at Johnson do get into GS, MS and JPM. At least 1 to each bank every year it seems. Then a majority percentage of the rest get into bulge brackets especially DB, BAML, Barclays, and Citi. Of course, students get into CS and UBS as well. Students also get into Moelis, Lazard, and Evercore more than you'd think. Then the smaller percentage will go into RBC, BMO, Jefferies, SunTrust, etc. My point is that the largest percentage of those recruiting for IB seem to get into the bulge brackets excluding GS, MS, and JPM unlike what was posted above.
Thanks PBF15 for chiming in.
Do you have any idea on # of ppl seriously gunning for IB vs # of ppl who secure IB summer?
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