Is 100-150k debt from a semi target worth it? How likely is it to make six figures first year out of college?
High school senior here, deciding on colleges. Is 100-150k of debt from a semi target school like boston college, washu, cmu worth it? My others option would be texas AM or Fordham with no debt.I'm not sure if i will want to do ib my first year out of college but i'm sure i want to work in some part of finance, and hope to narrow that down in college.If i apply myself at college, what is the likelihood i to make six figures my first year? Thank
It depends on what your alternatives are (likely not worth it if you could go to a decent state school like Florida for free, probably worth it if the alternative is bad and would still require 60k of debt, for example). Keep in mind that there are very few non-IB finance opportunities out of undergrad that pay 6 figures in year one.
transfer to a target school
Berkeley is a target for west coast banking if I’m not mistaken. And if you get into Ross at umich, I think placement into IB is very good. Not too sure about the others but have heard decent things about uva (assuming you’re in their business school).
In my personal opinion, 150k debt is not worth taking out for any school except maybe like H/W/S. It’ll be hard at a non/target but you see people successfully recruit all the time.
Second this. I'd also put Fordham well above A&M unless you are interested in Houston. It's not a target school by any means but there is tremendous value to being in NYC and able to have coffee chats in person or an internship during the semester.
fordham here and as long as you keep your gpa above 3.2, and network hard you will be able to land IB, and other high finance roles, Fordham sends about 2-3 kids to BB every year if not mistaken.
If you go to Fordham you just have to grind, and it will be possible to land a FO role
Can confirm Berkeley is a West Coast target. Places more kids into SF/tech banking than any other school. Strong placement/recruiting every year into large top groups like GS TMT and MS Menlo and also resume drops/OCR smaller specialized groups like Qatalyst, Centerview SF, HL LA RX, etc,.
Rough math is 100-150k at 6% is $1,100 to $1,700 a month. Go for free to Tech or Fordham.
I could be totally off, but from what I’ve heard UMich is a target
Yeah ur prolly right. My question still applies though
umich is a target for every business field that hires a decent number of people, including IB and SC
go to texas AM or Fordham for free and rack up some pocket money to rush a frat or study abroad, those will be way more memorable experiences rather than getting more interviews at investment banks.
$100-$150k in debt for an undergraduate degree is never worth it*
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