I'd like to get into I-banking, but unfortunately don't have credentials that would land me a spot in Harvard or Wharton. A Notre Dame (Mendoza) MBA costs in the $40-50k range per year. Would it be worth it to go there and get an MBA? Would it be better than a lower-ranked state school that would be about a quarter of the cost?
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Check out Minnesota Carlson. You could get a decent scholarship and you can most likely land a 100K corp fin gig out of there, or even MM IBD if you are good.
What state do you live in? Would help us determine your public options.
I know what the public alternative would be. I'm just really asking if Notre Dame is any good, offers any chance to break into I-banking.
Getting close to not worth it. I guess it all depends on your background, opportunity cost, expected salary, work goals, etc. I'd try for UNC though at least.
Plenty of Notre dame alumni in Chicago ibd.
Notre Dame MBA (Originally Posted: 12/21/2011)
Any opinions on strengths/weaknesses of the Notre Dame MBA? Useful for IB? Sales & Trading? Investment Management?
Not very strong for investment banking recruiting from what I've heard (I went to ND for undergrad), very Chicago-centric and Big 4/F500-heavy. A lot of the bank recruiting is focused on commercial/retail banking and operations/management silos. I've never met a Notre Dame MBA grad in finance in NYC and I go to a good number of alumni events. The average salary for grads going into Accounting/Finance is listed at ~88k, which means there aren't a lot of banking associates (should be 100k+ easily).
Thanks Kenny for the feedback. Hear anything about their MBAs in S&T? I wonder why not many in IB since the undergrads are recruited so heavily, there has to be a few though, right? Maybe since the school doesn't bill itself as an IB factory it doesn't attract enough people to be know as providing a strong basis?
Again I have never met any, though I would think the Chicago proximity/network would mean some options for various commodities/CBOE firms.
I expect it has a lot to do with the fact that it's frankly just not that strong an MBA program-#37 in the last USNWR rankings, behind such Wall Street titans as the University of Minnesota (go Gopher!) and Arizona State. I think the assumption is that people "trade up" for MBA unless you went to a top 10 undergrad. For example I never met a full time Notre Dame MBA student who did their undergrad somewhere comparable to or better than ND (except for some ND grads who came back for a few more football seasons), whereas all the ND undergrads I know on Wall Street who have MBAs went to top 15ish b-schools.
I'm not saying grads from top schools don't get MBAs from ND or that no one from the MBA program goes to investment banking/S&T, but I don't think it's very common based on my personal experience and the factors I mentioned.
Met with the MBA program there. Most students have an inferiority complex because of the high ranking undergrad program. GS comes for the undergrads. Not the MBA's.
Notre Dame MBA worth it for finance in long run? (Originally Posted: 03/02/2011)
Is Notre Dame a good MBA program for Finance? Are people pleased with their placements?
ND and IU take a backseat to Kellogg and Booth in the Midwest (obviously). Also, Kellogg and Booth are more portable, leaving you better positioned for opportunities outside of the Midwest.
That being said, you'll see ND MBA grads in some Chicago BBs (MS comes to mind), and in MMs (HLHZ, Baird). A lot of Domers running around Milwaukee, as well. Kelley actually has a very slight edge over ND at the MBA level, however. Their IB Academy is sponsored by BAML, and most of the BBs recruit there (mostly for Chi, but also NYC).
Look at their employment profile.
They are a good school if you can't make it into the TOP 20. You will have great opportunities, and if you can use Linkedin effectively, you will get some offers at BB
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