Choosing Fordham over Michigan, Carnegie, and BC.
so I'm a high school senior and these are the schools I got into.. im looking for some kind of career in finacne, primarily something FO or buyside. I'll make this brief to not miss the GOT premiere but the reason I think Fordham is best choice in this situation is 1) location - internships, NYC network 2) cheaper by about 4k/yr 3) strong and getting stronger b-school, specifically finance program 4) easier to get to top of class on bell curve.
I realize I'd be missing a sick frat scene at UMich and a solid network with BC (no idea about Carnegie, seems more of a quant school) but I think I'd enjoy Fordham and that it'd be the best career move. agree?
Ross>BC>CM>Fordham
disagree if you are trying to get into ib. all three of those options, even if not studying business, are better than Gabelli
I agree with BTbanker. Ross is a pretty decent semi target.
You got into Michigan and would rather go to Fordham because it's 4k/year cheaper? Have you been reading any of WSO? Oh my.......you might be more clueless than this guy I know that thinks RPI is better than UIUC and UW Madison because it has a "quantitative" business management program that "probably" places in F500 corporate strategy roles...
Sick frat scene at UMich and you are worried about saving $4k/year? Michigan is worth the extra $4k, trust me.
also cost of living in nyc is wayyy higher than michigan... or anywhere else other than sf. you're gonna come back for winter break after freshman year and realize that only you and your other nyc-college friends blew $500 or more on drinks and food that semester. your more rural counterparts probably spent $100 or something. trust me. i've been there. that should by no means be the deciding factor, but especially if you're chiefly concerned with saving money.
also, in terms of finance, columbia, nyu, and even baruch beat out fordham (in my experience). i think when i was recruiting i maybe saw 1 fordham person... ever.
Troll
If you really want an unpretentious Catholic school, I'm not going to fight you on this.
But UMich is a great place to go, especially if you can swing in-state tuition there.
As a cautionary note, I had a friend graduate Fordham in $100K of debt with a monthly payment of $1000... and a job that paid about $3K/month after taxes.
Also, as has been noted, Ann Arbor is $4K/year cheaper in terms of living expenses than NYC. So choosing Fordham for the cost is not necessarily the best move.
Finally, by my math, Fordham is actually $3K/year more expensive for non Michigan residents than Michigan residents.
http://www.fordham.edu/tuition__financial_a/undergraduate_studen/tuitio… http://www.ro.umich.edu/tuition/tuition-fees.php
How can you NOT love Michigan?
Fordham over the other three l0l pls go
No, there are valid reasons to choose Fordham over the other schools. If there is an amazing professor there that you want to do research with, or if your family live in New York, or if you're a devout Catholic, it's not a horrible idea to pick Fordham.
But I'm not seeing that in OP's case. I'm seeing a decision made on $4K/year which doesn't even line up with my own Dutch Calvinist accounting estimates. Michigan is cheaper on tuition and certainly on living expenses.
Barring a better reason, I'd take UMich.
BTBanker is completely false. BC triumphs over all if you're looking at Finance. Fordham would be my second choice because of the available networking because of your proximity to NYC, and Michigan and Carnegie Mellon don't even come close to BC or Fordham for finance.
There is nothing wrong with Fordham- it's a great Catholic school. But a typical BB bank with 150 S&T analyst slots takes 2-3 students from Michigan, 4-5 from CMU, and perhaps 1-2 from Fordham. (And 25 each from Cornell and UPenn)
Fordham is most certainly not a great Catholic school. It's a commuter school that still costs $45k/year in tuition . The fact that OP put it in the same league as BC, CMU, and Michigan is absolutely bonkers.
Fordham is where people with middling grades from NYC-area Catholic high schools go when they're afraid to move away from home.
This is wrong on so many levels. Just completely wrong.
Students, be careful what you read on this site.
Hahahaha that's great
To the OP, while CMU is quite good for many quantitative majors, you shouldn't write-off Tepper as a "quant" school. From what I've heard, Tepper has strong recruiting for S&T and fairly good IB and ER recruiting. In addition, there are only ~100 business students in each class, so competition for internships isn't as intense as in Ross or BC. One of my closest friends is a junior at Ross and he said that competition for finance is ridiculous. There are over 550 business students in every class at Ross so nearly every SA positions gets dozens of applications.
Btw, top investments banks don't offer co-op internships for FO roles (IB, trading, etc.), so don't choose your college based on its proximity to the BB's (seriously, that's a horrible idea). Goldman Sachs doesn't care whether your college is in NYC or Idaho; they'll visit whichever school produce the best graduates.
Thanks for the feedback. I realized Fordham would take some heat, I just wanted to grasp the extent of it. Would it really set me back that much? I feel that for someone smart and ambitious at the top of their class, there would still be many opportunities at a semi-decent yet still non-target school such as Fordham.. maybe mm? aside from prestige, can anyone attest to quality opportunities/placement at Fordham? Appreciated.
Also, how would PSU compare to Fordham, and NYU to the other, better schools? Again, I realize the intial accusations of trolling this might evoke, but the opinion that I have formed at this point is that there is HYPW, then G-Town, Cornell, UVA, and then all the other semi targets. (None of which I've gotten into b/c I fudged up my freshman year, but have gotten a 4.0 since and a 2300)
NYU is on par with Georgetown.
PSU is not necessarily at the level of Michigan but in the same league (literally, Big Ten) It did receive a #1 ranking in the WSJ for firms F500 companies recruit at.
Exceptional students from both of these schools would receive the same consideration as an exceptional student from HYPCM, once realized. But they're harder for banks to pick out of the haystacks.
Frankly, as a high school student used to earning $7.25/hour, if I could get in-state at Penn State, I'd take it over Fordham, even Michigan (out of state tuition), but I'm cheap.
How do you get rejected at Penn State but accepted at Michigan?
Assuming PSU = Penn State University, its just as bad (if not worse) than Fordham. Penn State is more well-known than Fordham, but both schools are nothing compared to ANY of the other colleges you were admitted to. Btw, why do you care about colleges you weren't admitted to?
@Future Quant I am trying to state that among the schools I have been admitted to, placement isn't as good as the top group, yet similar enough among eachother to make an independent desicion for college less focused on career opportunites (clearly Fordham seems to be losing stock, I thought I'd give it a fair shot though, b/c I have heard tidbits of good things on this forum/form alumni).
Sorry, but you're incorrect. Although none of your options are in the "top group," their placements aren't similar at all. Michigan Ross places well for IB and consulting, but not that well for S&T (unless you do a 2nd major in STEM). Tepper places well for S&T, IT, and Operations, but not that well for IB and consulting. From what I've read, Boston College is like Ross, but with less recruitment for S&T. Fordham is bad for all three roles.
By the way, you should expect career-oriented responses. This is WSO after all. From a purely-recruiting standpoint, Ross and Tepper are your best choices. Both colleges are very different however so you should really try to visit them to see which one is a better fit.
BC is pretty much a better version of Fordham in terms of academics, OCR, and athletics. I can't speak for the other schools on your list, but if you really want a Catholic school then BC is the choice.
Look to your sins, Lord Renly. The night is dark and full of terrors.
FYI Fordham is the worst option of the list.
@Future Quant thank you. @IliniProgrammer I did get into PSU and NYU, but wasn't strongly considering them.
Any of these schools?
NYU now seems to be the front-runner, IMO. But if Michigan or PSU is in-state, I'd go there.
PSU is in-state. If I went to Michigan, NYU, or Carnegie I'd have to go between 40 & 80k in debt (0 for Penn State & 20 for Fordham). Unfortunately, I didn't apply to Schreyer, but am considering an internal transfer if I go.. or an external transfer to a "top target", most of which give great need-based financial aid.
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