ASU ($$$) vs IU Kelley ($) vs Emory

Hi all, I just got my college admissions back and I have offers from Arizona State, IU Kelley, and Emory. ASU would cost me $80k over 4 years, Kelley $230k, and Emory $280k. I was wondering which would position me best for Investment banking (or top management consulting). I am aware none of the schools are top schools, but they are my only options, and I believe Emory is the most prestigious of the bunch. The only issue is the price tag. My parents said they will cover half of any school, and the rest I can take in loans and soft loans from parents. Essentially, all three are affordable, however I just want to make sure I end up getting a proper return on investment. For anyone reading: if you were in my shoes, which would you pick? Is Emory or IU really worth the extra money to get a better starting career? I do intend on going to grad school for an MBA, but I believe an elite undergrad would help get into an M7. Please let me know your thoughts, I need to make a decision by May 1st. Thank you, sincerely, to anyone still reading.

 
redraidermustang

You have a very backwards way of labeling the cost of the schools in the title

Nah it’s clear - learn to read mr. Red raider - most Texas Tech alums also struggle with this 

dollar signs represent the aid amount (most scholarship given) 

I wouldn’t pay $80k for ASU tbh.
 

unfortunate answer is you should have applied to more schools but I’d probably do Emory in this situation + take school very seriously and start working every summer to pay that down or build a cash cushion

 

I did apply to more but either got rejected or waitlisted. My dream school was Northwestern. Hoping I can apply as a transfer after 1 mb 2 yrs. But I agree, regardless of where I go, I'm going to grind, so Emory may be the best place for that. Thanks for the advice!

 

That's my goal: to transfer to Northwestern, Cornell, mb Vanderbilt, and a handful of others. I figure graduating from Emory, in case the transfer process doesn't work out, wouldn't be the worst thing ever, but at ASU my finance dreams would pretty much be over.

 

I wouldn't transfer to Northwestern or Vanderbilt. In my experience Emory has better recruiting/finance presence than Vanderbilt if not at least the same and Northwestern is only marginally better. I would consider Emory a top school so congrats on getting in there!

 

Current student in the IBW. The workshop process used to be heavily connections based but a lot of work has gone into making it meritocratic over the past few years. It’s quite a fair process now with rare mistakes in selection.

 

not sure if you are into it but greek life is also a pretty easy connection into these workshops as there will probably be some older students who can at least help you out and give guidancealso business clubs or (maybe) the business frat

again this is what i’ve seen from friends, guy in ibw above def knows more

 

I really like the school, but it is very expensive ($80k a year). I am a spring admit so I technically get $40k off. I am actually still waiting to hear back from financial aid, but from what I've heard, they aren't very generous. My parents are divorced and I live with my mom. She makes ~$200k a year including salary and investments. I'm not sure when you graduated, but do you know about how much I can expect? I am guessing not much

 

If you went to ASU you’d likely have to transfer to go IB or lateral in late-career. Kelley could get you in, but for the slight extra cost Emory probably would give you a better shot because of name brand and less competition. The campus is nice and you’ll have ample networks for roles in Houston, Charlotte, and maybe NYC as well. It’s up to you to make the investment worthwhile.

 

Gotcha. I guess if I'm going to work hard, its best to go wherever that work will get me the best roi, which seems to be Emory. I also think that if I go to ASU and miss my chance, I'll regret it for the rest of my life. At Emory, my only regrets would be paying a higher price, but at least money can be paid back - opportunity not so much.

 

I'm an asu alumni and currently work in an REPE acquisitions role. I would say your decision really just depends on how much debt you're comfortable with taking on.

It's definitely possible to break into finance out of asu so I wouldn't count it out like a lot of people are suggesting. Plenty of my classmates ended up in pretty solid roles on the street. I have friends that got jobs in Big 4 Strategy, BB and MM IB, REPE and valuation roles in NY after graduating. If you know that you're interested in IB/Consulting as a high school senior than you are a couple steps ahead of anyone I knew in college. Just being on this forum and understanding the lay of the land is extremely helpful and I'm confident that you'll know how to position yourself when it comes to networking and interviewing for internships. There's clubs at asu that I wish I took advantage of like IBIS and the student investment fund that would give you great exposure to finance. That being said, there really isn't much on campus recruiting for banking roles so networking and stellar grades were extremely important for everyone I know that was able to make it. It definitely is easier to to get a job in finance out of a school like Emory, but is it worth 3x the cost of asu? That's a question only you can answer for yourself.

I had an absolute blast at asu and I have no regrets with my decision. If you're going to college with the idea of transferring in mind definitely don't pick asu because you'll never go through with it. It's impossible to give up on having pool parties in January when every school you're considering transferring to has snow on the ground.

 

I'm comfortable with debt. Knowing myself, I thrive on living cheap (a little too much) and keep my lifestyle very simple. I'm also a motivated hardworker so I'm confident I will pay back the debt I take on at any of these schools (not ASU cause its basically free). But, like you asked, is it worth 3x as much? For an education, definitely not. For connections, maybe. For the opportunity cost of missing finance internships/jobs at ASU, I think so. I would also have an easier time transferring. I have nothing against ASU (except AZ hot weather), but I think I'm willing to face the regret of taking on more debt than the regret of missing my chance at my dream career. But you're right about the pool aspect, AZ is unique in that. From what I've heard though, Georgia's pretty nice/warm too. I would love the change in scenery. 

 

I’m an ASU grad and would echo what Bigyoshi said. Everyone loves to shit on ASU but at the end of the day they place decently well and if you did a blind resume of their placement stats against other schools these critics wouldn’t have a leg to stand on. I was an athlete that was a national recruit and could have gone anywhere I wanted for the most part (no Ivy’s or Stanford) but chose to go to ASU (had full rides to schools like Williams, Amherst, Colgate, Lehigh, Boston College, etc.). I chose ASU because I wanted to play at a big state school and WP Carey + Barrett seemed good enough at the time. Looking back, the only other schools I would have considered knowing what I know now would have been Washington (Bellevue is great + Access to Seattle and Vancouver), Boulder (Fun Place + World Class Nature), and UT Austin (Really Fun Town). All that being said, I think this is an ASU or Emory decision. It would be absurd to spend $230K for IU Kelley even though its a solid school with good placement when Emory is only $50K more over 4 years.

Emory:

I think it gives you the broadest range of outcomes in terms of finance and consulting coming out of undergrad. Given that you don’t know what you want to do I think that optionality is very valuable and shouldn’t be taken for granted. Lifestyle wise even though I’ve never been I’ve heard good things about Atlanta and you could probably occasionally venture out to UGA if you want to get the big state school experience. If you chose to go to Emory I wouldn’t bother transferring as I don’t think Northwestern is a materially better school in terms of finance and consulting placements (not really a powerhouse in IB despite being a good school). 
 

ASU:

The school is enormous and you need to be comfortable navigating that otherwise you could fall through the cracks. Resource wise it has everything that you could ever need but you need to be intentional about how you take advantage of its resources. I joined Barrett to have a small community within the university and to take advantage of its resources. If you join you get early access to registration (I always got every class I wanted to take this way), smaller class sizes (20-40 kids on average), better professors and increased access to those professors (became close with several Nobel Laureates this way), exclusive internship opportunities (mixed bag), scholarship opportunities for masters programs (have a partnership with MIT for scholarships for masters programs and my buddy got 15-20% off his MBA through it and another 30-40% of merit based scholarships when he applied), and research opportunities (need to do a thesis to graduate, can work with professors on their research, or undertake your own research with the guidance of professors). I really took advantage of this and helped a finance professor do research for the book he published, got my own independent research published, and did my thesis which was published working with executives at Intel on autonomous vehicles and the commercial applications of the data they produce (10-15 seniors get chosen to do their thesis with Intel every year on 3-4 problems facing their business). 

Lifestyle wise it was an incredible experience and I had 10X as much fun as anyone I knew that went to UG. The desert can get old after a while but I never got tired of being around that many beautiful women and have never seen anything like it since I’ve graduated. The apartment complexes around campus as well are like resorts and you have access to solid nightlife (Mill, Old Town, and Downtown). After, I stopped playing my sport junior year I went out 6-7 nights a week for two years and had an absolute blast. 

While I was there I did IB all 3 summers before going to the buy side out of undergrad despite having pretty average grades. Recruiting was more challenging, but once I got in the room I could showcase my skills and was able to land offers consistently (interned at a MM and 2 BB’s in Lev Fin). Most of my peers were able to break into IB as well at solid shops and have since gone on to have great careers. Consulting placement were much weaker and most of the placements came from the Big 4 and T3 shops, although one friend of mine went MBB out of school but I would say that was a one off. All that being said ASU can absolutely get you to where you need to be if you’re willing to put in the work and take advantage of all its resources. Down the line if and when you choose to pursue your MBA it won’t hurt you either. A dozen of my friends have gone onto HBS after working for a few years, another dozen have gone to GSB and Wharton (mostly Wharton), and MIT was a pretty common path as well. 

Ultimately, I don’t think you can go wrong either way between Emory or ASU. If you were dead set on consulting Emory would the easy choice, however given your interest in IB both schools would get you where you want to go.  

 

Sed non molestiae ea sunt quis aut eos. In provident unde aut a magni est. Non voluptas expedita dolor et. Reiciendis odit soluta iure reiciendis aperiam qui totam.

 

Iste mollitia molestiae eos itaque voluptas error. Perspiciatis quia et doloribus aspernatur voluptates porro. Quisquam aut quam vel aliquid provident.

Qui quaerat optio itaque harum incidunt. Quam nihil est et alias totam. Aut id dicta mollitia illum velit enim. Aliquid velit provident velit quos ratione sed fugiat. Rerum id quam labore omnis voluptatem. Repellat error distinctio in aut enim nobis quis.

Vel nobis quaerat quasi consequatur suscipit iste. Non assumenda sint ea soluta at et.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”