College / Uni Thoughts for Finance

Hi all, I am currently a high school student in the UK and want to work in finance when I'm older. I have been rejected from oxford which is a bit of a blow but am waiting for some more results from the following:
LSE - BSc Philosophy and Economics
UCL - BA Philosophy and Economics
and have received offers from Edinburgh and Warwick. Am also waiting on Ivy decisions from:
Yale, Harvard, Princeton, Columbia and have got into notre dame early. Finances may be a bit of a struggle in ivies BUT can work the cost of attendance out. I could possibly reapply for Oxford for languages which I'm sure I would get into next year but want to know what the best scenario is here in terms of choosing a degree!! (Taking a year out applying for languages, which uni in the uk or the us??) thank you!

2 Comments
 

Based on the most helpful WSO content, here's what you need to consider:

  1. UK Universities:

    • LSE and UCL: Both are excellent choices for finance-related careers, especially with degrees in Philosophy and Economics. LSE, in particular, has a strong reputation for finance and economics and is highly regarded by employers in the financial sector. If you secure an offer from LSE, it would likely be the top UK option for breaking into finance.
    • Warwick: Warwick is another strong contender, especially for finance. It has a solid track record of placing students into investment banking and other finance roles, particularly in London.
    • Edinburgh: While a reputable university, it doesn't have the same level of finance-specific prestige as LSE or Warwick. It may be a better fit if you value the overall university experience and are less focused on finance-specific recruiting.
  2. US Ivy League:

    • If you get into Yale, Harvard, Princeton, or Columbia, these schools open doors globally, including in the UK and US finance sectors. They have unparalleled alumni networks and strong placement into top finance roles. However, the cost of attendance is a significant factor. If finances are tight, consider the financial aid packages offered by these schools, as they often provide generous need-based aid.
    • Notre Dame: While not Ivy League, Notre Dame has a strong alumni network and good placement in the US finance industry. However, it may not carry the same weight internationally as the Ivies or top UK schools like LSE.
  3. Reapplying to Oxford:

    • Reapplying for a languages degree at Oxford could be a viable option if you're confident about your chances. However, keep in mind that a languages degree may not be as directly aligned with finance as Philosophy and Economics or other finance-related degrees. You would need to demonstrate your interest in finance through internships, extracurriculars, or additional coursework.
  4. Best Scenario:

    • If you secure an offer from LSE, it would likely be the best UK option for a finance career.
    • If you get into one of the Ivy League schools and can manage the finances, they would provide exceptional opportunities, especially if you're open to working in the US or globally.
    • If finances are a significant concern, Warwick is a strong and cost-effective alternative with good placement in the UK finance sector.

Ultimately, your decision should balance prestige, cost, and your long-term career goals. If finance is your primary focus, prioritize schools with strong finance placement and alumni networks.

Sources: Finance Degree Worth More Than Accounting Degree?, 3.9 GPA from an Ivy League school in a useless major. What are my options?, Intro to Investment Banking

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