I got into NYU Stern for undergraduate and I only got $6,000 in scholarships. Is NYU a target schools for IB or HF? How difficult is it to get an IB or HF job after graduating from Stern?
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Non-target if you don't get in a frat
people are throwing MS, but this is the absolute truth
Not quite.
Frats help, sure, but pretty sure that's the case anywhere. You can do fine for yourself if you just join and get involved in any of the finance-related student organizations, not necessarily one of the frats.
This is an extreme exaggeration and not remotely true. While AKPSI/DSP alumni look out for their own when it comes to recruiting, there are far more Stern kids at BBs that aren't in those frats than are. I can give hard numbers for the last four summer analyst classes that completely disproves your statement
Yes, it's a target school. It's also insanely expensive and has a toxic environment.
Why would you say the environment is toxic? Do you think the quality of life there is particularly bad, or would you say students there are just too internally competitive?
Look, if NYU is the only solid school you get accepted to, and you can afford it, you should go. Otherwise, go somewhere else.
Columbia is the best NY target school
I guess you get partial credit for "no school sports" but otherwise pretty much missed the mark completely.
The competitiveness/sabotage thing is totally overblown. I'm fairly certain it was one outlier incident that everyone likes to bring up as a funny story or for reductive anti-Stern arguments. My experience was one of a much more collaborative nature - I had carried and been carried by classmates to A's in multiple courses.
As for "fun," it won't be traditional post-football game parties at frat houses, but you'll find friends with swanky NYC apartments for parties and I feel like NYC should provide some alternative avenues for enjoyment.
If college sports is for some reason a major Decision Point, then I guess you should discount NYU a bit. But I mean, there are a ton of professional-level sports teams in the area....
Absolutely a target school, we have all the major bank (both BB and EB) come for OCR, networking events etc. I was lucky enough to get a big scholarship so I'm graduating with less than 40k in debt. If you're only getting 6 thousand that's more than 40k in debt a year... so take that for what its worth.
I would say NYU Stern is a definitely a target school and like the user above I also have heard rumors of student on student sabotage also related to homework +textbooks...shenanigans like that.
I have friends at NYU and they hate it. I would recommend pretty much any target school over that place.
I would like to echo the point that I also know a few friends who went into Stern solely b/c it was a target school in NYC - long story short, they all disliked the experience and competitive culture. Basically campus life is nonexistent and everyone is out on their own fighting for internships etc. Plus, ur paying like 75k a year to have this experience. I think personally I'd prefer a different target school - or I might even choose a semi-target over Stern, especially if it's going to be much cheaper. In the end, paying an extra 40k a year just to have a leg up for an analyst position might not be worth it.
I should also note that though Stern plays well into Wall Street, realize that the applicant pool at the school is much more competitive. From what I've heard, it's expected that you've had multiple internships going into SA recruiting.
I'd be cautious -- I went to a different target school, and from what my Stern friends at my bank have said, recruiting is a bit of a different dynamic there. I felt mostly at-ease networking with alumni, talking about their time at school and having a natural conversation. At Stern it's apparently much more aggressive, with more hurdles to jump through just to get first round interviews. Also, no one denies there are Stern grads everywhere and that it's one of the most represented schools, but at the same time I've been told most people who go there are gunning for banking jobs. If you go somewhere like Brown, Williams, Duke, etc., banking will feel like an option, but maybe not even the best or most coveted one.
You also asked about HFs, and I think going straight out of undergrad to a reputable shop means you almost have to go to a top target (pretty much only seen Harvard/Wharton) and/or be incredibly passionate and driven.
As a counterpoint -- I think I've come across as pretty negative towards Stern -- it's a school with some pretty renowned faculty and alumni, with grads all over the street. If you work hard there, I'm sure you won't have a problem finding a job in banking. You should be proud of your acceptance, and have fun in college!
Is NYU Stern a target school for Bulge Bracket S&T employers like Goldman, Lehman, Morgan Stanley, etc.? (Originally Posted: 05/14/2007)
I'm only a freshman at Stern, but I've met only one senior who's going into S&T, with everyone else entering investment banking. Is this because BB banks don't recruit for S&T at Stern, or is it just a coincidence? I really want to enter S&T, and I want to know where Stern stands in terms of reputation and in terms of preparation. If there are Sternies in the field, how do they fare against other traders? Also, what's the typical GPA one must maintain to get recruited at these firms (I guess it depends on whether Stern is a target or not). Thanks in advance.
Not a target for MS.
I think all the other banks recruit for S&T. But you are a freshman so you have plenty of time to prepare.
i think the most heavy recruiting for S&T is done at Stanford, Wharton and MIT...(for the last one, a friend of mine told me that even JWM partners recruited there last fall...) that's because they value people with excellent engineering, math and finance backgrounds...
I am a Stern Junior and went through the internship process this winter. Three of my friends are working in S&T this summer at CS, GS, and LB. Most BBs did on campus interviews for S&T except for MS who only recruited for IB and research. If you really want to get into S&T get an internship during your sophmore year. This will open up lots of doors because it will give you a leg up in terms of experience and networking. The on campus interviews are very difficult and only kids with high GPAs or work experience even get invited to interviews. The two people I know at CS and GS do not have great GPAs both are around 3.4 but both had connections through their earlier internship to get interviews. With the number of people applying the only way to get an interview is with a connection, having a 3.8 or better, or amazing experience.
Are you speaking strictly about S&T or can IBD be included in there?
yea, can you speak about ibd? how are the opps for a CAS econ student?
IBD was pretty similar I wanted S&T. For CAS econ i have no idea. policy or theory? Only econ kid i know has a 3.9 and is working in IB at CS.
Policy.. thanks for the info
How impressive is a Corporate Tax Accounting Internship at LB in their Jersey City office? I went to two interviews and might have a chance of obtaining this position for the summer. Is accounting an important skill in S&T?
And by the way, where did you interview at? Did you obtain the internship? What kind of interships did you and your friends work at during their sophomore summers? Thanks.
NYU does not place well for S&T
I did not intern during the school year ever and spent my summers working in an unrelated family business. My friends worked at mostly boutiques and one kid had something unpaid at a HF. I am interning at UBS in wealth management this summer. I was only invited to interview at UBS all other places did not invite me. I applied to most BBs in S&T except for MS and UBS.
I worked in an NGO my sophomore year, and placed into a great desk at one of those top banks you mentioned. UBS is coming next year, and MS took into ER and IBD, and I think I know 1 person in S&T there. Every other bank has a presence at Stern, it does pretty well. Whoever says NYU doesn't place well doesn't know NYU.
It doesn't place well in S&T, period. The Courant school is about it for NYU
What if one has a double major in Finance + Math and a decent GPA (3.6-3.7?) from NYU? Would that make him/her really marketable for an analyst position in S&T?
Your sn is "PoppingMyCollar," I hope that's a joke. Otherwise, you'd be a complete tool. Furthermore, iwantafootballteam already provided anecdotal evidence that Stern places fine in S&T. And I just talked to a senior who was my roommate's mentor for Stern Scholars, and he says he knows at least 10-15 people going into S&T for Junior internships or received offers for S&T at major investment banks. He himself is doing Fixed Income at Lehman. So, I think I trust the words of people who actually attend Stern, and not someone whose sn is "PoppingMyCollar."
I know of at least 1 top S&T BB that has exactly 0 people from Stern.
Damn. I was thinking about changing my name to "EverydayI'mHustlin'" but I guess I won't be taken seriously.
Stern's a great name for anything in finance, including trading. Trading's not as formalized as banking with cookie cutter kids so there's not really any boundries or guidelines to get to be a trader. Personally I know many traders who went to Stern and their senior class has some great prospects. Its cause Stern students follow markets very closely which is a great asset for a trader. Every bank on the street recruits from Stern, I know a few at MS as well who are from Stern. GS and Lehman also take a few new trading analysts from Stern every year.
Sorry if I offended anyone with my previous comment; I just think it's really cheesey and amateurish to have SNs like that as a joke. Most of the people I know with SNs like Balla876, BigPimpin477, etc. are immature middle school or high school students who actually think they're being clever. Regarding what PoppingMyCollar said, which bank are you talking about? I know that Morgan Stanley historically doesn't really recruit at Stern, but I think this year and starting next year, they will be.
Stern places very well at top banks for S&T. At Goldman Sachs this year they are ranked #7 or 8 believe in terms of placement with 6 interns. Aside from Harvard and Wharton the other top ten schools placed less than 8. NYU definitely places well and this is first hand knowledge.
there are many S&T interns in my class from NYU (not sure if they are all sternies).
Anecdotal, but I personally know one person who was offered S&T SA at MS for his sophomore summer, and another person who was offered S&T SA at GS for her sophomore summer. Definitely outliers, but I think they evidence that Stern does pretty well for S&T recruiting for them to land the highly competitive sophomore SA internships.
Don't listen to many of the above posters. I have a lot of friends from NYU working at BB S&T and it's just not the case.
DB doesn't recruit at NYU period (S&T or IB) - don't know why. Doesn't mean that there aren't NYU alum at DB in FO roles but they just don't go through the standard OCR path. MS FID doesn't do OCR interviews but screens candidates with phone interviews. MS IED and BRM recruit OCR BarCap, Citi, CS, GS all recruit OCR and I know multiple people who got offers from and work there currently
JPM just started OCR this year I believe due to a small contingent of NYU alumni in the division being vocal
UBS recruits OCR but you don't really want to work there anyway as you'll most likely get fired in a few months.
The VAST majority of Stern kids go into banking because that's just what they're used to (the 'ol Banking -> MBA -> PE/HF -> Greatness track) and Stern places just as well as most of the Ivies (better than some) into Banking. But there are always kids who get into S&T.
However, I will say that you will need to show that you are an exceptional and extremely well-rounded candidate. Have a strong passion for the markets through either EC activities or previous internships and don't be the quiet/shy type. And know your shit.
You realize that this thread is about 5 years old?
Ahh well - still a lot of lurkers on this site and if they come across this post, I'd hope they get accurate information. I'd also rather that kids who have the same question come across this old post than repost something like this.
Just trying to add value where I can basically.
Is NYU only a regional target? (Originally Posted: 01/02/2012)
Are there any prospects for NYU students outside of NYC? For example, LA and SF for investment banking.
NYU isn't quite as strong as schools such as Berkeley, UCLA, and USC but how big are opportunities on the West coast and in other cities such as Chicago/ Houston.
In a word, you're completely right. Stern is not recruited for west coast (or anywhere outside NYC), at least for banking. That said, you can network your way to other geographies if you have a compelling story. PM me if you like.
Not at all. You absolutely can.
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