Are These Good Schools for NYC Investment Banking?
I'll be applying to college this coming fall at these schools (in order of preference):
NYU
Cornell
Boston College
Michigan
UVA
Georgetown
Duke
Villanova
Dartmouth
Carnegie Mellon
Notre Dame
Vanderbilt
UNC - only since it is in-state
NC State - only since it is in-state
What other schools should I add for NYC IB?
What schools should I drop from this list for NYC IB?
You just listed pretty much every semi-target there is. You will be absolutely fine at nearly any of them, start eliminating schools on preference not on IB.
Some of them are targets, right?
An argument could definitely be made for some, just not the HYPS type targets a lot of people think of when hearing target. I would eliminate NC state, Vandy, Carnegie, and Nova if you're dead set on IB. After that I really don't think it will change your chances much and you should just go to the school you would enjoy the most.
Though the target semi-target distinctions have been debated on this forum multiple times, many people on this forum would put NYU, Cornell, Michigan, UVA, Georgetown, Duke, and Dartmouth as targets and the rest of the schools on the list as semi-targets.
Looking solely at your chances for getting into NYC IB, try to aim for the targets. It would be easier to get into NYC IB from the targets. Though if you hustle, you can get into NYC IB from any of the schools on your list.
I have a few older, out of state friends who go to/went to UNC KF. Check out this link http://www.kenan-flagler.unc.edu/programs/undergraduate-business/career… KF's #1 city is New York and their #1 career outcome for finance concentrations is IB; over 50% of the finance concentrations do IB full time. UNC is less represented because its so heavily in state and many of the kids self select to work in Charlotte to stay close to home, also KF has a lot of international kids who go back to their own countries. My friends have said there is an abundance of opportunity for NYC if you want it, especially at BBs. They have less recruiting from the EBs, but they still get some boutiques like guggenheim. My friend who is a sophomore in KF has already been to coffee chats for IB divisions of JPM, GS, BAML, and MS. All with reps from NYC. UNC's OCR for NYC is pretty strong as long as having less EB exposure is a deal breaker. Also have older friends at Notre Dame, Villanova, Vandy and BC who seem to be having a much harder time for NYC recruiting. Also UNC is the most fun school on that list along with Duke Michigan or UVA.
Edit: Do yourself a massive favor and don't even bother applying to CMU, youll thank me later.
Yeah of course,
Everyone I know, and I've heard of, hates CMU. I visited and was being recruited for a sport, and it was very much a work only atmosphere. The kids seemed pretty unhappy as a whole and the dating/party scene makes you go to Pitt. There are a ton of good schools, it just makes no sense to me why anyone would pay ~70k to go there unless you're doing CS.
You will have much, much less competition for NYC IB at UNC than Cornell, Stern, and to some degree Michigan. This should be a major factor. I really considered Stern and I know a lot of kids there, I'd say 70+% of your class is gunning for the same job you are and a ton of them are Wharton rejects who all already know they're going for IB. The only OCR difference is EBs. Also if you wana work in NYC after graduation why go to school there. Cornell is a great school, and I have a couple friends there, but the social life isn't great unless you're in a frat and the grade deflation is pretty severe in the AEM program according to the kids who I know. Michigan is great, and you'll get similar looks as UNC with more EBs. Ross is roughly 2x the size of KF and more kids are from the northeast going for the NYC IB jobs. UNC is a lot smaller from a business school perspective than Cornell or NYU. KF has ~300/grade compared to NYUs ~600/grade and cornell a ton of kids not in AEM are also going for IB jobs. It might be different in NC bc its in state, but in the northeast UNC is viewed on the same level as Mich, UVA, Cornell, Georgetown type of schools. It has "Prestige" in the northeast if you're worried about that. I'm not saying that UNC blows Mich/Cornell/NYU out of the water for placement but if you know you want it you'll find just as many opportunities at UNC. Also one of my friends knows a UNC kid going to blackstone so theres really no lack of opportunity in chapel hill.
UNC has a good bschool, but you have to apply after freshmen year which is a risk. How do you know you want to go IB? Most people change their majors in college, so I would go with a school that is well balanced. Also, find a school that you also will be happy at NYU Stern and Duke are amazing, but different. Do you want a traditional campus? Do you want a school with a lot of Greek Life? Etc
I feel like I'll be happy at a private/smaller and more prestigious school. However, I'll have more friends at UNC from my school.
you're rly taking unc for granted. people from certain states really shouldn't be considering that many OOS options and north carolina is one of them.
also I highly doubt your linkedin searches are getting what you're hoping for. are you searching specifically for investment banking analysts in product/coverage groups?
Current UNC student and agree with what's been said. Focus school for all Charlotte banks. Large presence at southern MMs. JPM, MS, GS, BAML (NY and CLT), WF (mainly CLT) all have UNC teams and come on campus. JPM, MS, GS usually take a few SAs each year. Have friends/know people at most BBs in NYC as well as MMs and boutiques across the US. Little EB presence. LAZ came to campus a couple years ago but don't know of anyone who received an offer. Significant disadvantage if not in KF but still not impossible.
Feel free to PM if you have questions.
Also agree with @greenflamingo that UNC is the most fun school on this list.
Perspective from Nova grad for ease of NYC IB: Cornell Michigan UVA
Dartmouth
Duke Carnegie Mellon Notre Dame Vanderbilt
UNC - only since it is in-state
NYU Georgetown Boston College
Villanova
NC State - only since it is in-state
Yes I know NYU is in NYC - but keep in mind the grade deflation and people don't really push to hire NYU people. It's actually a problem for those people.
Lot of good schools on your list.
This list is pretty bad... First off, NYU Stern (excld. NYU CAS) is one of the most competitive schools out there for IBD (it'll be a cutthroat competition for the three years but since you already know that banking is what you want...). Secondly, schools like Duke or Dartmouth get much more respect in the street than schools like Ross/UVA. What's more, they give you that much more laid-back liberal arts education that NYU Stern seems to lack. I've seen some good outputs from Georgetown as well so definitely wouldn't place it that low either.