Northwestern, Michigan, Wisconsin In-State, or Georgetown (Undergrad)
I am choosing between these four schools for undergrad. I applied to get into Ross at Michigan but haven't heard back yet. All things being equal, I would like to attend Georgetown, but I hear Northwestern's a better school and want to be in a fraternity. I'm not sure I would attend Michigan without hearing good news from Ross. What should I do to best position myself for the future? Long term, I want to get into IB.
Congrats!!! They are all great schools. If I was fortunate enough to be in your shoes then I would choose Northwestern! It's close to Chicago, which is somewhat of a financial hub. That means more internship opportunities as a freshman that can be leveraged to possibly get IB SA offers later (maybe even as a sophomore).
Gtown
Georgetown or Mich, they both have decent placements into IB (if you're coming from Ross.)
NW or Ross then Georgetown, is it McDonough or SFS?
Georgetown all the way
SFS, but thinking about switching to MSB if placement is much better
I can only speak for what recruiting is like at Michigan. With that said, if you are in Ross, you will be exposed to every reputable investment banking with a couple random exceptions (JPMorgan hardly recruits here). Some of the top-level boutiques like Moelis absolutely love Michigan. I can say with certainty that Moelis has upwards of 10 analysts/associates from Michigan. If you are worried about getting into Ross if you are not a pre-admit, I would say that is a legitimate concern. I did not get in and I will tell you it is an absolute crapshoot for who gets in. However, even if you do not get in, you can still get relatively easy access to investment banks. The one thing Georgetown and Northwestern cannot compete with Michigan in is the sheer number of undergraduate alumni in finance. The alumni network is enormous and typically very helpful.
All this said, congrats on getting into all four schools. I don't think you can make a bad decision.
Yeah, I'm a Michigan fan and really liked the school, but I just don't want to go for Ross, not get in, and then be there and unsure of what to do next
Exact thing happened to a friend of mine...he then transferred to Northwestern.
That's exactly what happened to me. I decided to major in economics. It has made my life a bit harder getting into investment banking, but the positives I have found have actually been greater than not getting in, in my opinion. For example, I know several Ross guys that wanted to get into banking, but they never really networked or did a lot of the other stuff and they ended up not getting offers. Many others didn't end up learning as much as they really needed to know about the industry and ended up places they would rather not be.
As an econ major, I did 10 first-rounds (about an 80% hit rate on places that I had a good relationship with someone within the bank) --> 5 superday/final rounds --> 2 offers. I took an offer at relatively well-known boutique in New York for a SA position.
I grew up a Michigan fan too. If your only concern is "what will I do if I don't get into Ross? How will I get into i-banking?" and you really love the university and Ann Arbor, then I would honestly not worry too much. More than likely, if you are this committed to getting into business school, you will get into Ross.
I had many of the same options of you when I was a high-school senior. I had guaranteed entry into a top 10-15 business school. I turned it down to go to Michigan because I loved the university as a whole and I figured I would take a gamble at getting into Ross. Ross didn't work out for me, but I could not be happier that I decided to come to Michigan.
If you want more specifics on Ross or a fellow monkey's perspective on Michigan and banking and related topics, feel free to PM me. I have seen a lot in my 3 years here.
Might be a little biased, but here we go.
Wait until you hear from Michigan. If you are a preferred admit to Ross I would highly suggest it. It's a great deal. Your freshman GPA does not count, which gives you an opportunity to explore different classes and to get any difficult classes out of the way. The advisers are extremely helpful and being a preferred admit gives you a step up on everyone else. Also, Michigan social life is a fantastic experience especially if your're a football fan. If your're in-state, cheap tuition is a bonus.
If you don't get into Ross as a preferred admit I would consider other schools. Apping to Ross, just like to college, can be a crapshoot.
Hope that helps.
Congrats on those offers. I'd recommend going for Ross. BBs recruit pretty heavily there. Northwestern targets mostly at consulting, especially like Bain in Chicago. Either way, good luck with those choices.
I'd take NW or Gtown over any of your choices. If you want to do banking in the Midwest, NW for sure. If you want NYC, tossup between NW and Gtown.
If cost is an issue, just go with UW. If it is not, go with 1a) NU, 1b) Ross, 2) Gtown.
Georgetown.
Then, NW, Ross.
Then WI.
Georgetown would be my first choice, then UW Madison.
georgetown will expose you to a lot of DC city life you will never imagine else where. Embassy events, congressional events, and the opportunity to befriend some of the world's elite politicians or their kids. that is just a small sample but remember, you have to work to get involved in these events. Regardless of your interests, it is great exposure from a developmental on both professional and personal level
UW madison i don't know too much about but they place very well into investment banking. imo, although ross has a slight advantage over madison, the out of state tuition wouldn't be worth it for me. either go for georgetown or stay in madison
While Wisconsin likely isn't on the same level as Northwestern or Michigan, I'm assuming you will be paying next to nothing at UW (assuming you are in state and have good enough grades to get into those other schools) compared to $40k+/year at the other schools. That is something you should certainly consider. UW is a very good school, and depending on what kind of finance you want to get in, has an excellent MBA program geared towards securities analysis (very good buyside investment placement). Plus, the campus is a TON of fun. And no -- I didn't go to UW. Just giving my 2 cents.
Since there really doesn't appear to be much of a consensus on job placement, I think I'll just go with my gut. They all seem similar, besides UW
Wisconsin surprisingly places students at top BBs in IBD, albeit in Chicago. I met an analyst from Wisconsin at Goldman, left for a HF after a year. Bear in mind, however, that you would have to be in the top 1-2% at Wisconsin to be in consideration for IB. That would not be the case at Ross, Gtown, or NU.
I know DB Chicago definitely recruit in UW. Don't know about others. The problems with big state schools are that you are essentially competing for 2-3 spots with hundreds of kids. Think about this.
From what I've read above, the general consensus is no to Wisconsin. Sure you save money, but keep this in mind - a lot of people say that non target schools have shitty recruitment, which is definitely true (that's why they're called non target.) Think about your future - you'll have a higher chance getting into a decent program/firm if you're at a semi-target or target. In the long run, your school debt should take less weight.
I would go with Wisconsin. Stay there for 2 years, save a boatload of money on tuition, then transfer to a target school come junior year. That way, you get to take advantage of a target school's OCR at a significant discount.
I give this advice based on some of my friends' successes, following the above step. My close friend started out at U Florida, paid next to nothing for 2 years due to in-state tuition and massive scholarships, had a ton of fun banging 9's and 10's left and right, then transferred to Yale his junior year, and landed gig at GS/MS/JPM IBD. You've gotta seriously think about ROI to win big.
The fact that you got into these great schools demonstrate that you are smart enough to get in. As long as you don't fuck up, you won't have a problem getting into same schools you listed as a transfer.
(Disregard my advice if you got hefty fin aid from NU or Gtown, so that cost of attendance is similar to Wisconsin)
FYI, you can be in a fraternity at Georgetown, I don't go there but the fraternity I'm in has a chapter there.
Bit surprised that you didn't consider Indiana given your interest in going Greek (Sorority girls at IU blow every Big 10 school out of the water besides maybe Iowa). I would second IvyGrad's suggestion. If you end up loving Madison after 2 years, you definitely have the option to still recruit with BBs in Chicago and New York.
I see lots of Mich and NW kids in banking. I could be wrong, but isn't SFS incredibly selective and prestigious? If I'm right about that, the calculus changes, because it could open doors beyond finance, and it's always good to have options. Regardless, I see more Georgetown kids at MBB than banking.
Wisconsin in state, no brainer. I know a bunch of Badgers at VERY reputable firms on the street. You'll have much more fun in Madison than at Michigan or Georgetown, plus you'll save a lot of money. Georgetown is one of the most expensive schools in the country. Easy choice for me.
Think about what you want out of a college experience. If you want to live/go to school in a city, choose NW or Georgetown. If you want a college-town experience and Big 10 sports, choose Michigan or Wisconsin. Personally, it'd be a no-brainer for me -- I'd go with Michigan. All are great schools, however, and you should have good opportunities out of all of them.
Fyi, I hear fraternities at NW are weak. If you want a fraternity experience in the midwest, go with IU or UIUC. Don't know much about fraternity life at Michigan.
I'm in a fraternity at NU (not NW). Fraternity life is not stereotypical here. Would recommend Michigan/Wisconsin for what you see in movies and stuff. NU fraternities are more about the fraternity than about the frat.
Michigan has decent Fraternity life, but nowhere near UIUC or IU.
I went to a Big 10 school (one of those in question) and loved every minute of it. Personally, I'd save a big city experience for your MBA.
Absolutely Georgetown. The BB recruiting is incredible and the school's reputation is strong, and improving. Alumni representation at all the major BBs is very strong (esp. at GS, surprisingly), and that more than anything is what will help you finally land a spot.
Yes, it's more expensive, but the investment in your career/future life is irreplaceable.
If you want to be in NYC, definitely Georgetown. If you want to be in the Midwest, you can justify any of the other 3.
If you don't get into Ross, I think Gtown should be #1, followed by Northwestern. If IB is your goal, I wouldn't go to Wisconsin. Sure, the classes will be easier and you'll probably have more fun, but you'll sorely regret your decision in 3 years if you don't land an IB internship..
On Wisconsin!
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