Why is Stern disliked so much, but Wharton praised?
From all the research I've done, they really seem to be much more similar than they are different. Both very finance/wall street focused, recruited heavily, competitive, selective admissions. Other than the Ivy League tag, the financial aid (Penn definitely has better aid if you need it than NYU), and the 'lack of a campus' (even though Penn really does not have very much of a core campus aside from the main quad. It's pretty urban. Not as much as NYU obviously, but it's up there), there really seems to be no difference. But a lot of people on here praise Wharton and any chance of going there, but sway people from attending Stern. I'm just trying to figure it out. Thanks so much.
Dilution of Stern MBA due to PT MBA students - and the caliber of students even in the FT MBA program.
Just do a quick LinkedIn search. You'll get the answers you want.
I mean in regards to undergrad.
The only reason anyone goes to business school is to build a network and maximize the chance of getting a good job. Wharton does that better than NYU.
/thread
How does it do that?
Because it has a better reputation than Stern does.
Network effect
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Wharton undergrad is the best undergrad business school in the entire country, bar none. Have you seen their OCR list? It will make WSO posters jizz their shorts.
Stern is a good school but full of people who got dinged at Wharton and other top programs. This results in a massive inferiority complex, brutal competition, and an unpleasant campus life. I don't know a single NYU Stern undergrad alum who enjoyed their experience.
I imagine the banks that recruit at Wharton are practically the same at Stern. Hell, Stern has more alum at GS, JPM, MS, and Citi, just to name a few. The fact that you don't know a single NYU Stern alum who "enjoyed their experience" shows that you know very few if any Stern alums. No one in this thread as actually posted a legitimate argument and facts for why Wharton is better than Stern. This just adds to the WSO circlejerk that Wharton > Stern, when in almost all respects they are the same damn school.
I'm not talking about banks. I'm talking about buyside firms that actually do OCR at Wharton undergrad. Yes, those jobs are hard to get, but the point is that those firms come to campus to hire because they place enormous value on the caliber of students coming out. On every facet, whether it's opportunities, prestige, network, quality of talent, Wharton trumps Stern.
Look, very few Wharton admits turn it down for Stern. Cross-admits is perhaps the best measure of how schools stack up to each other. I'm not bashing Stern; it's a great school. But to argue that it's on par with Wharton is delusional.
So you go to Stern and now you want to show the world that you really are special. Typical Sternie.
Then how come you still have a massive inferiority complex?
http://i.ytimg.com/vi/HxJpvBOFPMA/hqdefault.jpg
Wouldn't NYU's location make networking easier?
I don't think you understand what a network effect means
then shouldnt you say every NYC school is more superior than... H/S/W and people should just blind pick a NY school instead of going to a prestigous school?
Networking comes with prestige and alumni loyalty. if a school sucks and didnt ask alum to help them out when they need it, they do the same in return
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Networking is always more effective when done in person, alumni or not. Also during recruiting, you're competing with kids from not only other schools, but also your own classmates who also have the same easy access to the alumni databases as you. So if you're serious about job placement, you'd realize you can't rely purely on your own school's connections.
And don't forget, there's more factors in deciding a school than just what the "prestige" level of each school is, regardless of how you define that term. Both are undeaniably top schools and have great job placement stats, but the two can differ quite a bit in other realms, so while it may not be a common sight, it wouldn't be outrageous to find one or even a few individual(s) choosing NYU over Penn.
If people actually just put a little more effort, they would know that Steamer actually goes to UNC. So thats that.
The only other school that has close to the same breadth of finance opportunities as Wharton is probably Harvard. (Silver Point, BainCap, BX, SL, Ares, Warburg, and freaking Lloyd comes on campus just to recruit students). Not even Stanford/Yale/Princeton can match that (although Princeton does have BainCap as well as have sent kids to TPG right out of undergrad, and the other schools' kids can network and probably end up at the same place). This is undisputed and there is no need to argue over this. The calibre of students, on average, are definitely higher at Wharton (case in point: M&T/Vagelos/Huntsman). That is not to say that there are not insane kids at Stern (fellow analysts at GS have praised a TMT Intern that came from Stern recently actually). But the calibre and breadth of opportunities at schools speaks for the calibre of the students from the firms' experience and are not without reason.
The reason why Stern is so disliked is because it is often compared to Wharton due to its Finance program, but is a less respected school. Steamer does have a point in that the environments and dare I say the type of people are similar (competitive, Type-A, insecure, driven, prestige-driven), but no one gets to shit on Wharton because its Wharton. And Penn is an Ivy and a more traditional college experience. The exact same comments can be made about being any "reject" for nearly all non-ivy school students. The UMich Ross kid who got turned down from Wharton/Harvard/Princeton/Dartmouth/"Any school higher ranked". The Berkeley kid who got turned down from Stanford. The Columbia kid who got rejected from Harvard (trust me, I know quite a few). So I never really got the point in why people keep on playing this card. WSO posters perpetuating the "Sternie" reputation when it probably isn't as common as it seems doesn't help either.
With all that said, a school's placement speaks for itself. A quick LinkedIn search will confirm that. And I don't see Stern kids rushing to participate in stupid arguments and defending their school when they're probably just too busy doing what they have been doing: Interning, Networking, and placing well.
Damn well said.
^Well said.
Two word answer to the entire thread.
"Ivy effect"
I'm an undergrad at Wharton, so I'm obviously a bit biased, but @Bigass_Spider" hit the nail on the head. You say "other than the Ivy League tag" in your post as if that's not an important factor in the comparison. I'd argue that it's the most important difference.
Objectively, the quality of education is likely very similar. There are certainly widely well-known and respected classes and professors at each school, so you can find minute differences in that regard, but students are going to come out of undergrad with essentially the same skillset and capacity to excel in analyst positions.
Network and prestige are the biggest differentiating factors--and the fact of the matter is, the Ivy League tag is important. If you were to take a deep look into each school completely objectively--that is, comparing the rigor and quality of classes, relevant extracurricular opportunities, etc.--I'm not sure you'd find much of a significant difference. To be honest, I haven't looked into it myself. People don't take the time to dive that deep; they rely on the Ivy League tag as validation of Wharton's top-notch status. And I don't expect that to change unless a) the quality of students declines significantly or b) the Wharton curriculum doesn't adapt to the changing environment. I don't see either of those happening.
Yep, a lot of it is about brand name.
For a better perspective look up the employer rankings. The school that has the highest average ranking isn't an Ivy, and it isn't even "prestigious". It's a MidWestern state school.
Point is, prestige doesn't necessarily correlate to academic or teaching quality. However the way the world works is that "prestige" will still get you further than good academics in most cases so given the choice between that school or Harvard I'd still pick Harvard.......even though the "case study" method is terrible preparation for quant-focused post MBA jobs.
very true. objective and biased, but very rational - one simply cannot spend that much to recruit at the top 25 schools instead of top 100 schools.
I don't think anyone on here dislikes Stern. Those kids get jobs and we've all worked with plenty of competent and impressive Sternies. The difference between the two programs is simply prestige factor. The Wharton name is powerful, and I myself didn't even realize just how deep and global its penetration was until I had to work on a couple of projects overseas-most of the senior execs either had undergrad or MBA degrees from there. That offers clear advantages on the network side, in addition to the built in ivy league advantage. That doesn't mean you won't get a top notch business education at Ross or Stern or Notre Dame, but Wharton can get you buyside recruiting access right out the gate in undergrad, and generally attracts (and selects) the highest caliber of student with an interest in finance. This can't really be disputed. The difference in a horse race can sometimes be a few milliseconds-it's rarely going to be a blowout-so Wharton's edge may appear more pronounced even when the talent differential is small.
But let's get something straight here: business education has long been commoditized. No one is reinventing the wheel at this point outside of a small handful of elite professors/researchers. You will learn the same exact things around driven, successful students at most top business programs. Talent is the name of the game and the millisecond advantage goes to Whartonites.
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