Stern vs Sloan vs Yale MBA for IB job
(Chimp, 5
Points)
on 2/25/12 at 3:23pm
Got accepted in Stern, Sloan and Yale MBA programs and having hard time deciding where to go. I want to get a job in IB after graduation and it seems that Stern has a great name in finance. But MIT Sloan is ranked much better than Stern. I think I am not considering Yale at this point. Any opinions?
Skull and Bones points to
Skull and Bones points to Yale
If the glove don't fit, you must acquit!
Just FYI, % of 2011 class @
Just FYI, % of 2011 class @ each school accepting IB jobs post-MBA
yale: 27%
sloan: 8.4%
stern: 28%
At CBS, and I'll be very
At CBS, and I'll be very honest with you. There are a group of core feeder schools banks use to fill most of their associate class. Stern is definitely one of them. I would take Stern over the other two hands down if your goal is to break banking.
And once recruiting starts, you'll be very happy you went with Stern. Scheduling informational interviews for each Friday and spending Thursday and Friday nights commuting to the city from Boston/New Haven is going to be a bitch. Doing that process while in NYC is MUCH BETTER.
Go with Stern for banking. For all else, go with Sloan. Don't even consider SOM.
Sloan>Yale>Stern. For all of
Sloan>Yale>Stern. For all of Sloan's criticisms, it is still an M7, and a fantastic B-School. You won't have any trouble scoring BB IBD gigs out of MIT. Stern is fine, but since everyone at Stern will be gunning for Banking, you'll likely have your work cut out for you.
EDIT: In light of Yale SOM Guy's post, Ive amended my preference.
Calling Ron Paul an isolationist is like calling your neighbor a hermit because he doesn't come over to your property and break your windows.
confusedIB wrote: At CBS, and
At CBS, and I'll be very honest with you. There are a group of core feeder schools banks use to fill most of their associate class. Stern is definitely one of them. I would take Stern over the other two hands down if your goal is to break banking.
And once recruiting starts, you'll be very happy you went with Stern. Scheduling informational interviews for each Friday and spending Thursday and Friday nights commuting to the city from Boston/New Haven is going to be a bitch. Doing that process while in NYC is MUCH BETTER.
Go with Stern for banking. For all else, go with Sloan. Don't even consider SOM.
Sloan and Yale SOM are also core schools for virtually ever bulge-bracket bank out there.
Also, to provide a counterpoint:
The New York location is a blessing but it is also a curse. Given the proximity to all the banks, the standards are much higher - you pretty much are required to do a lot more informational interviews. There is a lot more competition / pressure from classmates who are constantly networking.
Vancouver Canucks 2011
At CBS, and I'll be very honest with you. There are a group of core feeder schools banks use to fill most of their associate class. Stern is definitely one of them. I would take Stern over the other two hands down if your goal is to break banking.
And once recruiting starts, you'll be very happy you went with Stern. Scheduling informational interviews for each Friday and spending Thursday and Friday nights commuting to the city from Boston/New Haven is going to be a bitch. Doing that process while in NYC is MUCH BETTER.
Go with Stern for banking. For all else, go with Sloan. Don't even consider SOM.
Sloan and Yale SOM are also core schools for virtually ever bulge-bracket bank out there.
Also, to provide a counterpoint:
The New York location is a blessing but it is also a curse. Given the proximity to all the banks, the standards are much higher - you pretty much are required to do a lot more informational interviews. There is a lot more competition / pressure from classmates who are constantly networking.
Regarding SOM being a core school:
I met with the head of recruiting for a BB and he told me flat out that SOM is a core school, but to fill out whatever spots are left behind by their main feeders (CBS/W/Booth...Stern). Stern's recruiting ends mid-Jan. I think SOM's ends later. I could be entirely wrong. Regardless, the point is the same. If you're doing banking, do Stern.
Your point about informational interviews is a very good one. Last semester absolutely sucked. Doing 40 informational interviews is not fun, and it's not even an exceptional number - that's the norm. At the same time, however, you have so many touch points at a bank so the opportunity to learn and network is higher. And, I would rather take the subway to an informational interview on a M/T than waste my Thursday night traveling to NYC to prep for 8 informational interviews that I've got on Friday.
Totally agree with Vancouver.
Totally agree with Vancouver. At Stern literally everyone wants to do banking and not everyone ends up getting a banking job. And life is miserable as Vancouver mentioned you are expected to network non stop. Sloan is a much better school - you will be with smarter group of people, you will get more opportunities while in school and in future, and you will simply have a better learning experience. I would pick Sloan > Yale > NYU. Although i dont have real data to back it up but based on what i have heard from NYU alums, NYU doesnt do too well in terms of number of people who want to do banking and the % actually getting the banking job. And the NYU location is actually a significant disadvantage in terms of a getting a solid business school experience. You do get a very good NYC experience though.
If you have background in IB
If you have background in IB and feel fairly confident that you can hold your own against your peers, then pick Sloan. Judging from their employment stats, their IB representation is fairly small... So you may have an advantage if you have a strong IB background. Looks to me that Sloan attracts alot of consultants and technology buffs. Easier to stand out as an IB guy there.
See if you can reach out to
See if you can reach out to any current students/alums at Sloan and Stern. Ask them about banking employment stats. I am not sure if Sloan's employment reports reflect whether their class just doesn't go into banking or have limited spots/recruiting opportunities at banks. For instance, Moelis recruits at Stern, but not Sloan. I think the same goes for Evercore.
Anyways, both are fantastic schools. Reach out to alums/students and let that help form your decision.
I also think talking to
I also think talking to students and recent grads is a good idea, fwiw.
And congrats on the admission offers, BTW.
When it comes to
When it comes to informational interviews, Stern has a distinct advantage in that you are a subway ride away from the banks. Whereas most schools will have to chase bankers around the city on Fridays, Stern students can get in front of more people on days when less students are doing their brown nosing.
I am a current second-year at
I am a current second-year at Yale SOM. Although it sounds like you are leaning towards Sloan and Stern, I just wanted to take this opportunity to at least clear up some misconceptions. Yale SOM's banking recruiting is extremely strong. In fact, it is Yale SOM's strongest area and on a per capita-basis, recruiting was better than that of almost all other schools. Last year, 40 out of 235 first-years completed investment banking internships and 30 of them did so at bulge bracket banks. On a percentage basis, I don't think you will see as many bulge bracket offers at any other school, considering Wharton has 850 students per year, Columbia has 650, Booth 600 and Stern has 400. This year and last, we were the feeder school to eight bulge bracket banks and a lot of boutiques.
I honestly can tell you that banking recruiting will be a lot easier at Yale given that:
1.) Every bank allocates a few spots to Yale SOM and some banks allocates the same number of spots to Yale as it does to much bigger schools. For example, Barclays Capital US gave Yale SOM 7 investment banking summer associates, which was the most out of all MBA programs. And all 7 all received full-time return offers, making Yale one of the only business school to receive an 100% offer rate at Barclays. Thus, you are essentially competing against a much smaller population as opposed to fighting it out for limited spots at bigger schools.
2.)You won't be competing against as many hardcore finance kids as you would at Stern or Booth. A lot of people at Yale are actually pursuing non-finance and non-profit tracks. Furthermore, I have recruited against kids from other schools and they are cut-throat. You will really appreciate how nice and collegial everyone is at Yale, when it comes to recruiting.
3.) We are the smallest of all top 15 schools and have a very loyal alumni-base. Based on almost all metrics, Tuck and Yale SOM's alumni are by far the most active and helpful. Whether it is recruiting or networking, Yale SOM alumnis will go to war for currents students and help out enormously. Moreover, I have been extremely surprised by how helpful powerful Yale undergrad alums. Many of them want to see Yale excel as an institution and have played an immense role in helping Yale's recruiting efforts. Last year, the captain of some of our school recruiting teams at various banks were actually Yale College alums.
4.) Yale SOM doesn't have proper grades and we have grade non-disclosure on top of that. Stern has proper grades and so does Sloan. Both schools also report, if I am not mistaken. This is a huge factor as people will ask you for grades during interviews. If you are not comfortable juggling a lot of networking and academics at the same time, Yale SOM will be a lot more comfortable environment.
I don't expect you to choose Yale SOM but wanted to at least provide a Yale SOM perspective so that other people can make an informed judgment in the future. I myself chose Yale SOM over other options, because of banking recruiting. I love this place and the school has exceeded all my expectations. Good luck with your decision!
^^^ You may have
^^^ You may have singlehandedly increased the number of next yrs applicants to SOM twofold.
No grade is definite plus
Yale SOM Guy wrote: I am a
I am a current second-year at Yale SOM. Although it sounds like you are leaning towards Sloan and Stern, I just wanted to take this opportunity to at least clear up some misconceptions. Yale SOM's banking recruiting is extremely strong. In fact, it is Yale SOM's strongest area and on a per capita-basis, recruiting was better than that of almost all other schools. Last year, 40 out of 235 first-years completed investment banking internships and 30 of them did so at bulge bracket banks. On a percentage basis, I don't think you will see as many bulge bracket offers at any other school, considering Wharton has 850 students per year, Columbia has 650, Booth 600 and Stern has 400. This year and last, we were the feeder school to eight bulge bracket banks and a lot of boutiques.
I honestly can tell you that banking recruiting will be a lot easier at Yale given that:
1.) Every bank allocates a few spots to Yale SOM and some banks allocates the same number of spots to Yale as it does to much bigger schools. For example, Barclays Capital US gave Yale SOM 7 investment banking summer associates, which was the most out of all MBA programs. And all 7 all received full-time return offers, making Yale one of the only business school to receive an 100% offer rate at Barclays. Thus, you are essentially competing against a much smaller population as opposed to fighting it out for limited spots at bigger schools.
2.)You won't be competing against as many hardcore finance kids as you would at Stern or Booth. A lot of people at Yale are actually pursuing non-finance and non-profit tracks. Furthermore, I have recruited against kids from other schools and they are cut-throat. You will really appreciate how nice and collegial everyone is at Yale, when it comes to recruiting.
3.) We are the smallest of all top 15 schools and have a very loyal alumni-base. Based on almost all metrics, Tuck and Yale SOM's alumni are by far the most active and helpful. Whether it is recruiting or networking, Yale SOM alumnis will go to war for currents students and help out enormously. Moreover, I have been extremely surprised by how helpful powerful Yale undergrad alums. Many of them want to see Yale excel as an institution and have played an immense role in helping Yale's recruiting efforts. Last year, the captain of some of our school recruiting teams at various banks were actually Yale College alums.
4.) Yale SOM doesn't have proper grades and we have grade non-disclosure on top of that. Stern has proper grades and so does Sloan. Both schools also report, if I am not mistaken. This is a huge factor as people will ask you for grades during interviews. If you are not comfortable juggling a lot of networking and academics at the same time, Yale SOM will be a lot more comfortable environment.
I don't expect you to choose Yale SOM but wanted to at least provide a Yale SOM perspective so that other people can make an informed judgment in the future. I myself chose Yale SOM over other options, because of banking recruiting. I love this place and the school has exceeded all my expectations. Good luck with your decision!
Great post.
yhp2009 wrote: ^^^ You may
^^^ You may have singlehandedly increased the number of next yrs applicants to SOM twofold.
No grade is definite plus
Haha. Thanks! I love Yale SOM and just wanted to at least share my personal, though biased (but still accurate), perspective.
The grades factor is HUGE. People don't realize it now but this is a game-changer. Having grades will ruin (or at least severely affect) either your social life or recruiting. Not having to worry about grades and just being able to have fun has made my time here at blast. You literally have to try hard to get a fail here. I don't think I have heard of anyone failing a course here. But even if someone does, an employer will certainly not be able to know or find out.
^^^ Dude, GND is solid, but
confusedIB wrote: Great
after speaking with
confusedIB wrote: ^^^ Dude,
Yale SOM Guy wrote: I am a
Yale SOM Guy, I didn't know
Calling Ron Paul an isolationist is like calling your neighbor a hermit because he doesn't come over to your property and break your windows.
mikebrady wrote: The only
just curious, how many offers
This is for internship data
those are good numbers, but
so data this year...curious
Yale SOM Guy wrote: This is
^not sure if I agree with
550 per class (not including
^I'd have to agree with this.
Sloan if you want IBD. Stern
I wrote this before about two
^^ I agree with regards to
yhp2009 wrote: If you have
"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
- Ronald Reagan
lol since when did MIT get
http://www.studydiscussion.co
An important step that many
Too many Yale apologists in
Leonidas wrote: Yale SOM Guy,
Yale SOM, can you post your
TheKid1, u are comparing
BigBucks wrote: TheKid1, u
TheKid1 wrote: Yale SOM, can
OP, I am in a similar
Leonidas
TheKid1 wrote: Yale SOM, can
Stern for finance
IBDatBB wrote: TheKid1
Bernankey that is wrong, 1 yr
I still don't know why people