UT Econ vs IU Kelley?

Considering the two options. I am looking to go into consulting but not sure if I want to do management consulting yet. 

At UT I'd try to transfer into McCombs for finance but the chances aren't super great given how competitive it is. I definitely prefer UT and it's cheaper as I'm in state, but I'm wondering if there will be any strong drawbacks to doing econ (BS). I'm actually interested in econ and would consider doing a MS in finance but I'm not sure if going for UT Econ would be the best choice. 

IU Kelley seems very overrated but the upside is being in finance and not needing to transfer in. 

5 Comments
 

Based on the most helpful WSO content, here are some insights to consider for your decision between UT Econ and IU Kelley:

UT Econ:

  • Interest in Economics: If you have a genuine interest in economics, UT's Econ program could be a good fit.
  • Cost: Being in-state, UT is a cheaper option for you.
  • Transfer to McCombs: While transferring to McCombs for finance is competitive, it remains an option. However, the uncertainty of transfer acceptance is a drawback.
  • MS in Finance: Considering an MS in finance later could complement your economics background and open up more opportunities in finance and consulting.

IU Kelley:

  • Direct Admission: Kelley offers direct admission into a well-regarded business program, eliminating the need for a transfer.
  • Reputation in Finance: Kelley has a strong reputation for finance, with good placement rates in investment banking and consulting.
  • Perception: Some may view Kelley as overrated, but it consistently shows strong outcomes in employment reports.

Considerations for Consulting:

  • Management Consulting: Both schools can provide pathways into consulting, but Kelley might have a slight edge due to its structured business program.
  • Networking and Placement: Kelley has a robust network and placement in finance and consulting, which could be beneficial.

Conclusion:

  • UT Econ: If you prefer UT and are interested in economics, it could be a good fit, especially considering the lower cost. However, the competitive nature of transferring to McCombs is a risk.
  • IU Kelley: Offers a more straightforward path into finance and consulting without the need for a transfer, backed by strong placement statistics.

Ultimately, your decision should weigh your interest in economics, the financial implications, and the certainty of program outcomes.

Sources: Northwestern ECON vs IU Kelley vs Vanderbilt ECON, IU Kelley Economic Consulting or UVA Econ, IU Kelley Econ > UVA Econ, Indiana University (Kelley) vs University of Iowa (Tippie)

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Depends, I graduated from IU year ago and I was from Texas as well. Texas has placement mostly in Houston, while IU has great connections in Chicago and New York. People say that there is a lot of competition but not everyone is going for banking. 500-600 ish people wanted to join the banking-type workshops and with the ibw, pew, cmbw, seminar there are at least like 150 people that get a spot. 120 of them will get into a high finance role, whether it be IB or something adjacent. Def not a bad percentage compared to other schools who also have a lot of competition. Austin is different than Indiana too. Growing tech city with bars vs Big 10 college town with renowned college bars. Your choice at the end of the day.

 
Most Helpful

Go with UT, IU isn’t worth 2x the price for the same experience and prestige. Internal transfer to McCombs is very easy if you get a 4.0 your first year. Also could do the relatively well known McCombs MFin if you cant internal transfer or need time to re recruit. If you’re diversity WSFM can land you in NYC IB, if not, you still have some chance from UT that’s more or less the same as it’d be at IU for any IB/high finance roles.

 

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