Better Choice for IB? Tepper w/$80K or Cornell w/$0

Hey guys,

Getting my MBA this fall and recently got off the waitlist at Cornell so I need some help with this decision. I did speak to a couple of the guys at Tepper during admitted students weekend and they said this past year 10 people recruited for IB, 9 got it and last year the numbers were 14 of 16. 

Just to give you guys some background, I worked in family businesses my whole life and do not come from a quantitative background. To work on this, I'm preparing for the CFA Level I right now and have also been working through the Wall Street Prep Course.

Given that Cornell's brand is stronger than CMU's and their IB recruiting is more robust, is it worth the extra $80K or is the difference in IB recruiting marginal? I'm 100% set on becoming a banker and want to give myself the best opportunity to be interning at a bank next summer.

Thanks in advance!

8 Comments
 

Would strongly agree. Cornell has an IB immersion program that has strong placement across BBs, MMs, and EBs. I believe Professor Pascarella leads the program (he worked at GS, got his MBA from Johnson, then was a director in Citi’s Tech IB group). OP: go with Cornell & don’t look back.

 
Most Helpful

I agree with the above comments.

Employment reports do the talking. 

CMU 13% in Financial Services (no breakdown of function). So possibly even a smaller number for IB.

Johnson at 22% of the class in IB. 

80K of the debt will be easy to repay as Cornell is a IB powerhouse after NYU. Go with Cornell. 

CMU

johnson

 

I would talk to the Finance or IB club at Tepper and see how their students place. % of the class isn't that important without context. If 10/10 people tried IB landed jobs at good firms, I would take the scholarship money and run. $80K in scholarship money is a ton of money, even if you go into IB. It's essentially another year or two of paying off student loans working ~3500 hours a year. I went to an MBA program that is not considered an IB powerhouse because of scholarship money (not tepper) and had opportunities most BBs, EBs and MMs in NYC and converted into several offers. I just did my research ahead of time and executed during recruiting.

 

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