NYU, Columbia, Wharton, Stanford, MIT, ect...all have great MBA programs for getting recruited onto Wall Street, but all are very expensive.
What are the cheapest MBA programs that also have a high success rate of moving grads to Wall Street front office roles?
I think Simon is an extremely underrated program.
The cheapest "good" MBA is the best school you get into that gives you a significant scholarship.
All of the top schools cost relatively the same amount of money. There is no "cheat code" or "hidden level" where you get a baller business school that is a target for every BB/megafund/HF for $10.
As a couple of others have said, scholarships are king.
Crush the GMAT and apply to a bunch of top 25 schools and see where the $ comes from
Yea - without scholarship, there really isn't a "cheap" MBA. Almost all programs from #1-50, maybe even higher, are around 150-200k. Your best best is Scholarship - Cornell has a full ride called the Park Fellowship and pretty good placement in Finance.
BYU often ranks as a top 25 school and has a cheaper MBA program. They're one of the top schools that Goldman recruits from. I think last year they tied Wharton for most recruits.
Also UNC Chapel Hill, a top mid teens program, offers in-state tuition which you can qualify for if you live there for a year. BAC has their headquarters.
There are FO roles in GS SLC in IBD, AM, and ER now as well. I've heard BYU sends a few students for those roles every year at both the undergrad and MBA level.
Equities in Dallas
I think GS only recruits for BO/MO positions at BYU but I do know that they have a couple people getting into IBD (Wells Fargo, BoA, Credit Suisse) and Consulting (PwC, Deloitte, Accenture etc.) every year. One person got into Google last year as well.
My friend met a BYU intern at Deloitte from their MBA program. He was the only person I heard of that wasn't in the generalist pool, but was instead in some "supply chain only" thing (which I didn't even know existed). He got offered significantly less than the rest of the interns salary wise for full-time, and didn't sign because he felt angry about this...but this is what happens when you go to a non-competitive school. Firms aren't shelling out $150k+ out of the kindness of their heart.
GS BO/MO generally does not recruit MBAs from any school. They do, however, recruit heavily from BYU undergrad, which does skew those numbers. That said, BYU undergrads regularly place at GS/MS/JP IBD in NYC/SF and M/B/B. They aren't going in droves, but they do go to these firms every year. Based on my experience on the street, BYU grads are not considered non-competitive as stated in this thread. Again, that being said, they are not H/P/S/W, but would be considered a solid semi-target.
Well, I think the question is maybe posed a bit straggler. It's like asking "what's the cheapest luxury hotel?". Then you go to that five-star hotel that's real cheap and you find out the mattresses haven't been changed in ten years and the Spa is broken, and the breakfast is just croissants and jam.
Not to say that there aren't good + cheap schools. There are. But your objective should STILL be to get into the best school you can regardless of cheap or not. Meaning yeah, HBS aint cheap, but if you got in, I still wouldn't recommend you going to Boston College or wherever.
Instead of looking at your MBA tuition as a "cost", I think it may be more helpful to look at it as an "investment" and then see if it's worth your investment (and there are at least some numbers out there, and for the rest, you can ask people on WSO who have been through pretty much all and any of the programs).
But usually, and especially if we are talking top tier school, the "investment" is worth it.
Jon
Best bet would probably be top ranked state schools that offer in-state tuition?
UT Austin. It's around $35k a year with in state tuition and places decently into FO IBD in Houston. Not so much MBB but they do place into Strategy&, Deloitte S&O, Parthenon, etc.
INSEAD. 1 year program
UT Austin McCombs Indiana Kelley
really any (well ranked) state school is going to be the best answer to your question
I am about to graduate from Kelley undergrad. The general opinion within the school is that our MBA sucks.
Maybe some top-ranked European programs? I think INSEAD, LSE, Oxbridge etc. all cost about the same per year as the American schools, but they're only 1 year, so half the cost (both tuition and opportunity cost).
I imagine they would place well for finance, but I'm just speculating. Maybe someone with actual knowledge of this can chime in.
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