Should I turn down an ivy for the liberal arts?

So here's my deal, got early writes (guaranteed admission) from Cornell, Williams, and Amherst but I'm still waiting to hear from Brown/Duke.. Assuming I get into at least 1 of brown or duke, where would you guys recommend for the best shot at wall street? Obviously not one of those hardos that base their every move around getting at interview at GS IBD, but i dont really wanna screw myself over by choosing the wrong school when I could have had a much easier path to finance elsewhere? Thoughts?

 

I honestly would be happy at any of them. Duke/Cornell have a better social life while Amherst/Williams have a better community/Smaller classes so its definitely a tradeoff.. I did some linkedin analysis and on a per capita basis Amherst seems to blow Duke out of the water. In 2014 Amherst sent 7 to JPM, 7 to GS, 3 to McK, and 2/3 at almost all the other BBs (All IBD roles). Duke sends around 10-12 per year to GS/JPM/MS and 5-10 at other BBs but a good portion of them are in financial analysts/private banking/tech roles, so this number is inflated. Keep in mind, Duke has 1800 per class while Amherst has not even 1800 in the whole school, not to mention most kids at amherst are liberal hippies that hate wall street and capitalism.. Am I making a mistake in my analysis or is amherst actually a much better target than it gets credit for?

 

duke actually sent about 20 to MBB in 2014 which is solid. However, i've talked to students there and literally EVERYONE throws in an app for MBB. The competition is insane, so 20 out of 1800 isnt too impressive when you take into account 1,000 apps for each

 

For BBs I would say Duke averages around 5-6 per bank, which in an analyst class of around 75(??) is significant and solid placement. But when you compare that number with Amherst/Williams who might send 4 per bank, with a graduating class thats 1/4 the size, along with minimal interest in finance from the student body, then the difference seems a lot bigger.

 
Best Response

Without hearing about any of your past experiences visiting these schools and meeting the people there, my first pick would be Brown. Don't know how well they've placed in the past but I have a good number of friends there who are working at BB IBD / S&T this summer. Competition is less stiff there, but you'll have to accept being one of the more liberal artsy/non-finance-major candidates when you are interviewing, which is not necessarily a bad thing especially when Brown is the closest to H/Y/P among the rest of the Ivies.

 

Go off terms of alumni presence and access to recruiting. Between these different schools it isn't which specific school you choose, but your individual networking skills, people skills, and technical aptitude will matter the most.

Here is something else I would STRONGLY keep in mind from your perspective: it is a major pain in the ass to travel to network. Not only is it expensive but the time it takes can be extremely disruptive to your studies. Geographic proximity to the town you want to work in is a big factor. If you want to work in NYC I'd suggest Amherst/Cornell because both schools have transportation that runs down to the city. If you want Atlanta/Charlotte then Duke wins hands down.

 

Every year Cornell sends ~10 to GS/BAML, ~5 to JPM/Barclays/Guggenheim, ~3 to Citi/DB/UBS/RBC, ~2 to Lazard/Moelis/Evercore/PWP/MS, ~1 to Greenhill/BX(PJT)/Jefferies/Rothschild. All the numbers are just for IBD/M&A and the ~1 firms vary from year to year while the other ones are pretty consistent. Those were rough estimates from my friend at Cornell for the 2016 SA class and are a little lower than usual cause a lot of kids weren't prepared for the earlier SA recruiting cycle.

There are definitely lots of spots but also lots of competition. PM for more info.

Edit: To clarify, I meant each of the firms individually take the number of students - example, GS IBD takes 10 and BAML IBD takes 10 and so on and so forth

 

I'd go to Amherst. Better looking women IMHO and liberal arts colleges have a tight networks.

"It is better to have a friendship based on business, than a business based on friendship." - Rockefeller. "Live fast, die hard. Leave a good looking body." - Navy SEAL
 

You should ignore all of these figures everyone else is throwing out because A. they're probably not close to accurate and B. these stats don't even fucking matter in the first place. You're going to get great opportunities at any of these schools, including Williams and Brown. Don't pick based on the "alumni network," they all have strong alumni networks, the difference is marginal. My advice is - if you haven't already - visit them all and pick based on where you see the best fit for you. If you're big into sports, go Duke, if you're big into sluts, go Brown, etc.

 

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