Which has a better odds of getting into IB?
Looking at going from CC to either school and was planning on either NYU econ with a minor at stern or U MICH econ. I know both ill have to network but which is more target?
Based on the most helpful WSO content, UMich Econ generally offers better odds for breaking into investment banking (IB) compared to NYU Econ. Here's why:
NYU Econ vs. Stern: NYU CAS (College of Arts and Science) students, including those majoring in Economics, face significant challenges during IB recruiting. Stern students dominate the IB recruiting process at NYU, leaving CAS students with minimal placement into the Investment Banking Division (IBD). Even with a minor at Stern, CAS students are often overshadowed by Stern's strong reputation and alumni network in finance.
UMich Econ: While UMichigan's Ross School of Business is the primary target for IB recruiting, the broader University of Michigan network, including Economics majors, has a stronger track record of placing students into IB roles compared to NYU CAS. UMich is considered a semi-target school, and its alumni network is robust, especially in the Midwest and East Coast.
Networking: Both schools will require significant networking efforts, but UMich's overall placement into IB is stronger than NYU CAS. Additionally, UMich's large alumni base in finance can provide more opportunities for connections.
In summary, if you're choosing between NYU Econ with a Stern minor and UMich Econ, UMich Econ is the better option for IB placement. However, success will still depend on your GPA, networking efforts, and involvement in relevant finance clubs or programs.
Sources: UMich Econ Vs. NYU Econ?, The Comprehensive List of Transfer Friendly Schools For Investment Banking, INSANE PLACEMENT FROM UT, WTF IS GOING ON, Yale Vs Michigan?, Unofficial 2020 Public School Tiers for IB Placement
Umich econ, recruiting at NYU is highly highly stern concentrated, umich at little less
Umich Econ
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