Which school for IB?

Del del del

TLDR: Which university do I choose?

UK: UCL Economics
US: UMich Ross & Northwestern Weinberg
Canada: Western Ivey AEO & UofT Rotman Commerce
Italy: Bocconi BIEF

Looking mainly at Ross or Northwestern. 

No financial aid at any of these, and am full-pay.

19 Comments
 

Based on the most helpful WSO content, here's a breakdown of your options and considerations for Investment Banking (IB):

United States: UMich Ross vs. Northwestern Weinberg

  • UMich Ross: A well-established IB feeder with strong alumni networks. However, as you noted, recruiting is heavily club-based, and top clubs like MII/GIC/Apex are competitive. If you don't secure a spot in these clubs, your chances for top IB roles could diminish. The visa issue (H1B) is a significant factor, as it could limit your ability to stay in the U.S. post-graduation.
  • Northwestern Weinberg: While not traditionally as strong as Ross for IB, Northwestern has been gaining traction recently, especially with the NUIBC (Investment Banking Club). However, the 20% acceptance rate for NUIBC makes it competitive. Northwestern's broader prestige and growing IB placement could make it a safer bet if you're concerned about striking out at Ross.

Verdict: If you're confident in your ability to secure a top club at Ross, it might be the better choice due to its established IB pipeline. However, Northwestern offers a strong alternative with growing IB placement and broader prestige.

United Kingdom: UCL Economics (Waiting on LSE)

  • UCL Economics: UCL is a target school in the UK, but it doesn't carry the same weight as LSE or Oxbridge for IB. That said, it still provides solid opportunities for IB roles in London, especially if you network effectively.
  • LSE (if admitted): LSE is a top-tier target for IB in the UK and Europe, with strong placement into bulge bracket and elite boutique banks. If you get into LSE, it would likely be the best UK option.

Verdict: If you get into LSE, it should be your top choice in the UK. Otherwise, UCL is a solid target but not as strong as your U.S. options.

Canada: Western Ivey HBA AEO vs. UofT Rotman

  • Western Ivey HBA AEO: Ivey is the clear IB target in Canada, with strong placement into Canadian IB roles. However, its brand name is weaker internationally, and U.S. placements have declined recently. If you're open to working in Canadian IB, Ivey is a great choice.
  • UofT Rotman: Rotman is not as strong as Ivey for IB placement. It would be a less competitive option compared to Ivey.

Verdict: Ivey is the better choice in Canada, but it doesn't compare to your U.S. or UK options for international IB roles.

Italy: Bocconi BIEF

  • Bocconi is a strong target for IB in Europe, especially for roles in Italy and other European financial hubs. However, as you mentioned, language barriers could limit your opportunities, and learning Italian is crucial for local roles. If you're not confident in learning the language, Bocconi might not be the best fit.

Verdict: Bocconi is a strong European target but less ideal if you're not willing to learn Italian.

Key Considerations

  1. Visa Issues: The U.S. offers the best IB opportunities but comes with significant visa challenges. If you're concerned about H1B restrictions, the UK (LSE/UCL) or Canada (Ivey) might be safer bets.
  2. ROI: Given your financial situation, focus on the school with the strongest IB placement and alumni network in your desired region.
  3. Personal Fit: Consider your strengths and preferences. For example, if you're confident in networking and joining competitive clubs, Ross could be a great choice. If you prefer a broader academic experience with growing IB placement, Northwestern might be better.

Final Recommendation

  1. If admitted to LSE: Choose LSE for its unparalleled IB placement in the UK and Europe.
  2. If not admitted to LSE: Choose between UMich Ross (if confident in securing a top club) or Northwestern Weinberg (for broader prestige and growing IB placement).
  3. Backup Options: Western Ivey for Canadian IB or UCL Economics for UK IB.

Your decision ultimately depends on your confidence in navigating competitive environments (e.g., Ross clubs, NUIBC) and your willingness to tackle visa challenges in the U.S.

Sources: UVA or Cornell?, Comprehensive List of Target Schools for Investment Banking, UK Target Universities Discussion Thread, https://www.wallstreetoasis.com/forum/investment-banking/should-i-do-a-phd-at-an-ultra-target-university-if-i-want-to-be-an-ib?customgpt=1, LBS vs UCL vs Imperial for IB

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Most Helpful

The other guy’s delivery was trash but his point still stands, you’re 16 with acceptances to Ross, NU, Ivey, UCL, and Bocconi, that’s a strong position, respect.

But you’ve been on WSO “for a couple years” meaning since you were 14, and that’s more concerning than impressive. Pick whichever city you’d actually enjoy living in, Ann Arbor is a proper college town, Evanston is basically a Chicago suburb, visit both if you have the money (which you clearly do), and stop trying to min-max your life before you’ve started it.

 

Oh yeah if it's straight Economics at LSE, that's your best shot. One of the best uni/courses for IB, you'd have to get it seriously wrong to end up with no IB role. Unless you have a really strong reason to not be in the UK I'd take it

 

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