Does study abroad uni reputation affect career?
Sorry if this is a stupid question but I'm currently considering two options for study abroad (am currently in undergrad).
One is Bocconi, obviously well-known in finance but I've heard Milan and Bocconi specifically are not ideal for having a fun study abroad experience. My other option would be another decent Italian university like UNIBO/UNIPD but basically irrelevant when it comes to IB/PE/HF, however those universities and college towns are known for being a lot better from a social life perspective.
Basically, my question is if studying abroad at Bocconi vs. another lesser-known Italian university would make a noticeable difference for US IB/PE recruiting. My current line of thinking is it's probably not that important, maybe just a minor incremental difference since it's just a study abroad program and I'm recruiting for US roles anyway.
I asked this in the B-school forum originally but figured it would be relevant here as well
Based on the insights from Wall Street Oasis, the reputation of the university you choose for your study abroad experience can indeed impact your career, particularly in fields like investment banking, private equity, and hedge funds. Here’s a breakdown of how each option might play out:
Studying at Bocconi: Bocconi University is highly recognized in the finance sector, not just in Europe but globally. This could be particularly beneficial if you're aiming for a career in investment banking or private equity. The brand name and the network you can build there could provide a significant advantage when applying for roles in the US, as firms often value international experience combined with a strong academic background.
Studying at other Italian Universities (e.g., UNIBO/UNIPD): While these universities might offer a richer social life and could be great for personal development and fun, they may not carry the same weight in the finance industry as Bocconi. This doesn't mean you won't be able to break into investment banking or PE, but you might find that the university's name doesn't open as many doors and you may need to rely more heavily on networking and your performance in other areas of your resume.
In conclusion, if your primary goal is enhancing your career prospects in highly competitive fields like IB/PE/HF, Bocconi would likely offer a more noticeable advantage due to its strong reputation in finance. However, if you value the overall experience and personal growth that comes from studying abroad, the other universities could still be a great choice. Remember, while the university's prestige can help, a lot will also depend on your individual efforts in networking, internships, and academic performance.
Sources: Q&A: Strategy consulting Associate Partner offering career advice, University Of St. Andrews experience? Opinions?, An Open Letter to High School Seniors, Working Abroad - Regrets/Benefits, One day to decide: US or UK?
No, nobody cares where you do study abroad. Just have a fun experience and make interesting memories.
No. The school you study abroad at makes no difference in IB. The only caveat is if you plan or want to return to that city in the future. Eg. if you know someone working at the firm in Milan, doing study abroad there helps you because it's a local school. Have fun on your study abroad trip and try to have a couple interesting stories or souvenirs to talk about. It will be a good conversation starter.
Could you +1 SB this? I'm new to WSO and I need to ask a question but in my small office it will reveal who I am. I suddenly got hit with MS idk why and now I can't ask. Thanks man.
Ofc man, thanks for the advice.
Not relevant as you did not receive a degree from said university (no impact). Just enjoy your time abroad and make some memories. If you’re a strong candidate for IB / PE / HF / whatever, and done the HW, then you’ll land well (assuming no crazy restrictions eg visa). Your career is a journey and not a sprint so don’t stress too much!
Bocconi is a lot of fun my man. Great nightlife, central European location for traveling to other places, etc.
from my experience, recruiters were simply impressed I spent a year abroad, not that the school was important.
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