Binghamton vs. Fordham vs. OSU

I am currently a high school senior nearing the end of my college admissions process. I’m choosing between Fordham (approx. $60k/year), Binghamton (in-state, $25-30k/year), and Ohio State (approx. $45k/year). I am also on the waitlist for Indiana (Kelley) and Villanova, and was deferred by Georgia Tech, though I’m not banking on those.

My admissions process has been difficult; during my first year and a half of high school, I dealt with family issues that completely distracted me from my studies. I believe this led to the mid-range grades that have impacted my results, despite my performance being near-perfect since then. Which of these schools would you recommend for someone aiming for a career in wealth management or high finance?

4 Comments
 

I’m in the OSU banking program, landed at a MM, but in the end all three are non target and you would be on your own recruiting, so I would just pick the cheapest. OSU would be by far the best social experience tho, so a close second.

 

Based on the most helpful WSO content, here's a breakdown of your options:

  1. Binghamton University:

    • Pros: Binghamton offers a strong Finance Society, which is a key resource for students aiming for high finance roles. The society hosts competitions like the Raymond James M&A Competition and the Barclays Equity Research Competition, and it runs a student-managed investment fund (BUIF). Additionally, the intensive recruiting boot camp for sophomores and the partnership with Jefferies for remote internships provide excellent preparation for finance careers.
    • Cost Advantage: At $25-30k/year in-state, it’s the most affordable option, which could reduce financial stress and allow you to invest in networking, certifications, or other career-boosting opportunities.
    • Consideration: While front-office roles in NYC won’t come as easily as from some other schools, students who are proactive and leverage the resources available can still break into high finance.
  2. Fordham University:

    • Pros: Fordham’s proximity to NYC is a significant advantage for networking and internships. The school has a decent reputation in finance, and being in the heart of the financial hub can open doors to opportunities that might not be as accessible from other schools.
    • Cost Concern: At $60k/year, it’s the most expensive option, which could lead to significant student debt unless you have substantial financial support. This could be a burden early in your career.
  3. Ohio State University (OSU):

    • Pros: OSU has a large alumni network and a solid reputation in the Midwest. While it’s not as finance-focused as some other schools, it can still provide opportunities, especially if you’re open to working in regions outside NYC.
    • Cost: At $45k/year, it’s more expensive than Binghamton but less than Fordham.
    • Consideration: OSU might not have the same level of direct access to NYC finance roles as Fordham or the targeted finance resources of Binghamton.

Recommendation:

  • If cost is a major factor, Binghamton is the best value for money, especially with its strong finance-focused resources and opportunities for motivated students.
  • If you prioritize proximity to NYC and can manage the higher cost, Fordham could be a good choice for networking and internships.
  • OSU is a solid option but may not offer the same direct finance opportunities as the other two schools.

If you get off the waitlist for Indiana Kelley, it would likely be the top choice due to its strong reputation in finance and excellent placement in high finance roles. Similarly, Villanova would be a strong contender, especially for wealth management or finance careers.

Sources: How Good is Binghamton University?, Ohio State Fisher, Indiana Kelley, Villanova, or Emory for business undergrad?, Msc Finance ranking Europe

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

Those schools are all very good. Don't get so down on yourself and say "my admissions process was difficult", you can absolutely excel at any of these schools. I remember feeling like I had wasted my entire highschool career when that last semester rolled around, but I ended up at the best place I could have been at and made the most of my opportunities in college. You'll do just fine.

I would personally recommend Fordham. Being in NY makes everything far easier in terms of recruiting, and Fordham simply has more finance alumni overall and per enrolled student than any of the others. There are always ways to work your tution down. Most people really underestimate how much extra they can get if they just call the admissions office.

However, getting good grades and transferring from any of the other schools to somewhere else is very possible and could save you money. There is also something to be said about attending a midwestern state school. Despite what this site filled with northeastern elitist junior bankers will tell you, there is a lot more to life than just placement and prestige, and midwestern state schools are filled with very kind and fun students who make college extremely enjoyable. 

 

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