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If you have a 3.8, you may also be in the running for Cornell and NYU. I am not sure if you're in-state in Michigan or out-of-state, but it sounds like you may actually have a better chance at Cornell.

That said, if I lived in Michigan, and my choices were $5K/semester at Ross vs. $20K/semester at Cornell, even if it was only for two or three years (rather than four), I'd still take Ross.

1.) Figure out which schools require ACTs for transfers and retake if necessary. 2.) Apply at Ross. Also, if you're out of state, or if you're in-state and money is no object, apply for transfers at NYU and Cornell, and any other target that takes transfers. 3.) See where this goes. If in-state, a Ross admit saves you $60K, maybe even $90K in student loans.

For the record, I was probably one of the assholes who knocked you out of your in-state competitive program admission. I had a 3.6 GPA in high school (after taking out the adjustment for honors courses), but I had a great SAT score (actually, great may have been an understatement). I am reasonably sure UIUC's- and Ross's admissions are relatively formulaic and based mostly on standardized test scores. So if you can retake and get a 33, you've probably got a good shot at admission.

 

cornell doesn't place too well considering how large their school is. they definitely have their share of legit kids, but i wasn't impressed by most of their students.

 

Wall Street is crawling with Cornellians. It's like going to a Chicago based consulting firm and finding Northwesterners. It's like going to Caterpillar and finding UIUC Mechanical Engineers. Like going to GM and finding UMich grads. Between UPenn, Cornell, and NYU, you've accounted for 40-50% of Wall Street.

If you want to maximize expected wealth (net of student loans), go to Ross. If you want to maximize your chances of landing on Wall Street, go to Cornell.

 

Pretty doubtful. I just looked at Ross recruiting statistics, nearly 30% of the entire intern class went to investment banking. It's definitely better than Cornell for Wall Street recruiting. In fact, I'd pay more to go to Ross than Cornell.

 
cst

Pretty doubtful. I just looked at Ross recruiting statistics, nearly 30% of the entire intern class went to investment banking. It's definitely better than Cornell for Wall Street recruiting. In fact, I'd pay more to go to Ross than Cornell.

Sure, but how many of that 30% went to Wall Street? I'll bet a lot of them wound up at William Blair, RW Baird, and the Chicago branch of a lot of BBs. That's a better average outcome than a lot of other target schools. But for comparison, my incoming Analyst class (NYC BB) back in '07 had two Ross graduates and 20 Cornell grads. It pissed the heck out of me as someone from the Big Ten, and I hope the ratio has gotten better, but that's how it was.
 
IlliniProgrammer

Wall Street is crawling with Cornellians. It's like going to a Chicago based consulting firm and finding Northwesterners. It's like going to Caterpillar and finding UIUC Mechanical Engineers. Like going to GM and finding UMich grads. Between UPenn, Cornell, and NYU, you've accounted for 40-50% of Wall Street.

If you want to maximize expected wealth (net of student loans), go to Ross. If you want to maximize your chances of landing on Wall Street, go to Cornell.

i never said cornell didn't place well; however they have around 15k undergrad students, and they place in comparable numbers to places less than half their size. i mean, i know you need to account for underlying variables such as how many kids wanna go into finance etc., but i think my point at least rudimentarily stands. not a walk in the park getting into a top bank from cornell.
 
kidflash IlliniProgrammer:

Wall Street is crawling with Cornellians. It's like going to a Chicago based consulting firm and finding Northwesterners. It's like going to Caterpillar and finding UIUC Mechanical Engineers. Like going to GM and finding UMich grads. Between UPenn, Cornell, and NYU, you've accounted for 40-50% of Wall Street.

If you want to maximize expected wealth (net of student loans), go to Ross. If you want to maximize your chances of landing on Wall Street, go to Cornell.

i never said cornell didn't place well; however they have around 15k undergrad students, and they place in comparable numbers to places less than half their size. i mean, i know you need to account for underlying variables such as how many kids wanna go into finance etc., but i think my point at least rudimentarily stands. not a walk in the park getting into a top bank from cornell.

Of course not. And Cornell, even Columbia and maybe some of the HYPSCNMW schools aren't worth the premium over in-state tuition at Ross. Heck, if you are from Michigan and chose to go to Columbia to study Finance/Econ or Engineering, I'm willing to say you're there because you got rejected from UMich. If you're from CA, TX, or IL and doing an undergrad in engineering at Princeton, it's because you couldn't get in to UC Berkeley, UT Austin, or UIUC.

I'm just saying that this is a basic conditional probability problem. A double-digit percentage of the Street is from Cornell. A single digit percentage is from UMich. Your conditional probability out of Cornell is going to be based on the number of students Cornell graduates every year and your conditional probability out of Ross is going to be based on the number of students Ross graduates every year.

Less than 2.5% of Wall Street (that is, NYC) is from Ross. Greater than 10% of Wall Street is from Cornell. So running the numbers here, Ross has to have fewer than 900 students per year for them to get a better shot at Wall Street. Also, my experience was that Ivy Leaguers advance a little faster in banking than guys from the Big Ten. (It's not fair, I know, I'm from UIUC.)

Given the choice between paying $40K/year for UMich and $40K/year for Cornell, I'd choose Cornell. And once there, I'd study ORFE rather than Finance/Business.

Given the choice between paying $10K/year for Ross and $40K/year for Cornell, even Columbia, Ross wins hands down. It's not worth the $120K premium. You pay the $120K penalty for Columbia if you got rejected from Ross.

 

I frankly do not see that many Cornell kids on the street, especially given its size. Penn kids everywhere. Actually not too many HYP kids necessarily, but these guys seem more concentrated in consulting as well as GS/MS.

But honestly I see more UVA, NYU, Georgetown kids over Cornell by a huge margin. No comments on Ross, although it seems to place better into boutiques than Cornell.

 

I would like to major in economics because it gives me a better chance of doing well on the LSAT. Corporate Law is something that interests me as well. U of M would be my school of choice. Is it better to apply after my freshmen year, or after my sophmore year?

 

My view on schools on schools is pretty simple...assuming you don't have a giant money issue, go to a good private school (ivy, stanford, mit, chicago, northwestern, duke, williams, amherst, etc) if you get in, otherwise go to any school (private or public) that has a strong stem or business program (for example, berkeley for stem, uva for business). Not that complicated.

 
IlliniProgrammer

I still think a flagship state school like Ross can beat a lot of the private schools. If this were Ross vs. Williams or Duke, I wouldn't be calling the decision debatable at all.

I'm not really sure how to respond to that. I mean, I guess if someone was dead set on business from day one then that makes sense.

But personally, if I was deciding between two guys to hire, I would prefer the Williams guy with the math/physics/philosophy triple major over the Ross guy any day of the week, because I would have a much greater confidence towards his intelligence and capabilities, but that's just me.

 
IlliniProgrammer

You'd have to train him and a triple major in three useless subjects makes him look like a flake. I'm going with the Ross guy.

Lol, unless you study accounting and go work in audit or something, undergrad b-school is pretty useless as well, in terms of actually doing a job, it just gives you a lot of theoretical background.

One of the main purposes of going to school at all is to demonstrate that you're smart.

Also, I don't want to interrupt your Big 10 trolling, but here's a monkey wrench for ya...I'd rather take a Chicago physics guy over a Ross guy any day of the year.

 

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