Sad that I won't be majoring in business at undergrad
I was recently accepted to the University of Michigan, my dream school. I have always imagined myself studying business/finance and economics always came as an afterthought (only if the university didn't have finance like Vandy or Dartmouth). I was ecstatic that I was accepted into LSA, but later received my rejection from Ross. I am okay with studying economics, I like it. However, I am just disappointed that in the investment banking recruiting process, I will be left behind as the Ross kids get all the jobs. I was accepted into some other low semi-targets for finance, Wake Forest and Indiana University, while being accepted into Texas but rejected from the business school AGAIN. I believe the best option is to go to my dream school, but I feel my career prospects will be significantly worse because I won't get the Ross treatment.
You’ll be fine bro.
Hey, responding to this because I didn't get into Ross three years ago and also thought my life was over, and now I'm an incoming IB analyst at a great bank.
Let me just tell you right now that you don’t have to be worried at all about not getting into Ross. Banking recruiting at Michigan essentially runs through the top Ross clubs not Ross itself. Meaning the alumni from the top business fraternities, investment clubs, and consulting clubs put on for and help current club members to land jobs. However being a Ross major is not a requirement for breaking into these clubs, and it really only helps a little. If you want a good shot at landing one of these clubs, you can get ahead of the curve by prepping banking technicals, general investing knowledge / trivia, and doing mock case interviews this summer.
Top clubs for finance include MII, MIBC, AIC, GIC
Top business frats include AKPsi, PCT, and DSP (this one’s Ross only)
Top consulting clubs include Nexecon, Bond, MECC
The main advantage of Ross is that’s pretty easy to get a high GPA and breaking into these clubs is a little easier but tbh I’m in a few of these clubs and we’d definitely take a more prepped Econ major over a clueless business major. My business fraternity had several Econ majors who ended up going to top banks. So my advice to you would be to research these clubs, prep over the summer for club recruiting in the fall, and make sure to get really good grades your first year since you’ll likely be club recruiting second sem 1st year and first sem 2nd year too.
All in all, it’s not the end of the world you didn’t get into Ross, every opportunity for breaking into banking is still easily within reach. Just put your head down and work hard!
Hey so I’m most likely going to be attending UMich for Econ this upcoming school year. Is there anything I can do to increase my chances of getting into the top clubs/ business frats this summer before school.
Navigating your academic and career path, especially when it diverges from your initial plan, can indeed be challenging. However, it's crucial to recognize that your career prospects in investment banking or any high finance field are not solely determined by your major. Based on insights from the Wall Street Oasis community, here are some actionable steps and considerations to optimize your situation:
Leverage the Economics Major: Economics is a respected discipline that provides a strong foundation for understanding financial markets, economic theory, and data analysis. These skills are highly valued in investment banking and finance roles. Highlight the quantitative and analytical aspects of your coursework when crafting your resume.
Network Aggressively: Networking is a critical component of securing opportunities in investment banking. Utilize the University of Michigan's alumni network, attend finance-related events, and connect with professionals in the field. Express your interest and seek advice. Remember, many successful finance professionals did not major in business or finance.
Seek Relevant Experience: Internships, part-time jobs, and extracurricular activities related to finance can significantly bolster your resume. Look for opportunities within finance clubs, student investment funds, or any organizations that allow you to gain practical experience and demonstrate your interest in finance.
Consider a Minor or Dual Degree: If possible, explore the option of minoring in business or related fields. Some universities also offer dual degree programs that might allow you to pursue studies in both economics and business.
Excel Academically: Maintain a strong GPA. Your academic performance is a key factor that recruiters consider. Excelling in your economics courses can help offset not being in the business school.
Prepare for Interviews: Start early with your preparation for technical interviews. Utilize resources like the WSO Interview Prep to hone your skills in financial modeling, valuation, and other relevant areas.
Stay Positive and Persistent: The path to a career in investment banking is competitive and challenging, regardless of one's major. Persistence, resilience, and a positive attitude are essential qualities for success.
Remember, many paths can lead to a successful career in investment banking. Your major does not define your career trajectory. Focus on building a strong skill set, networking, and gaining relevant experience.
Sources: What I've learned so far after 1 yr at a top MBA program (If I could do it over):, https://www.wallstreetoasis.com/forum/school/got-paid-360k-do-i-go-to-bschool?customgpt=1, Easy A classes?, Ask CompBanker, Journey from Worst Possible Applicant
Crazy how these HS kids thinking about IB even before starting college. Enjoy your life buddy
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