Decision Time

Ok so I want everyone's input. I have to make a decision soon on what MBA program I want to attend and I am weighing the two options and I am trying to make a decision. I would like the seasoned financial professionals and serious people to respond to this...

So i got into two schools:

A semi-target in NY Or my current institution (State School in VA)

At the Semi Target: -People get placement into BB's (top students) -Mid-Level kids end up in operations at commercial banks, Investment Banks and Asset Management Companies -3 of the best students go on to Hedge Funds -Cost =110,000 total (I still have to take out what I have to pay for undergrad) -Most jobs are placed in NYC -School is strongly Finance focuses (80% of the people there concentrate in Finance) -Networking opportunities

At my current school: -I've secured an internship with a Global VP in Innovation at a F500 company -He wants me to run an Entrepreneurial Incubator after I get some experience for the company - think i can parlay that into VC later -Strong Connections to Health Care (top hospital is on the campus) -Some VC's/Biotech events happen(networking) -Some MM (However none recruit at my school - but they are 5 minutes away) -No, ABSOLUTELY no finance presence here...but decent engineering/technology/healthcare connections

My main issue is that moving to NY is a major crap shoot. Every top school/Ivy/basically any finance minded person wants to move their and give it a shot. While I am confident in my skills and can schmooze like a champion..Its a crap shoot with me getting a job on Wall St. (or in a good finance role). I will be the first person in my family to get a degree higher than a bachelor's and my father thinks that I should go to NY and give Wall St. a try. I am interested in S&T-> HF and he said that no matter what, i would be able to get an investment management job "Anywhere" because "Even major corporations to individuals need their money manged and need knowledge on stocks, bonds, derivatives, etc." I think that is wishful thinking personally. Now that I have a decent position with a F500 and they want me in the company (or will fund my own) and i can save massive amounts of money, I could stay here. I think my main problem is that I have wanted to be in finance my whole life and now that I see other things that are attractive (Health care, Technology, VC) rather than S&T/IB its hard for me to break away from the finance field. Or maybe i am just being afraid and letting the risk get to me..

Anyway, what do you all think I should do?

7 Comments
 

I think you need to self reflect.

The economy is by no means great, but if you really want a job in IB/S&T, you will get it.

At the same time, see if you are happy with your career path right now.

B school is about change and advancement, and if you do not need that right now, then thats your answer.

At the same time, know that it will not be a cakewalk. I am at a top 3 bschool, and IB recruiting IS NO CAKE WALK!!!!

You have to work your ass off to get what you want, so if your ready to make that commitment, go for it. If not, you will just waste your time and your money.

 

Need the name of the schools. No one's going to help with those kinds of descriptions.

http://ayainsight.co/ Curating the best advice and making it actionable.
 

to me its pretty obvious that its NYU vs. Va. Tech.

The answer is if you want to get into finance, NYU will help you get there. TONS of recruiting, and a very big alumni presence.

Having said that, its really about whether you want to do finance in NYC - if yes, then you should go to NYU.

if those arent the 2 schools, then disregard my comment

 

Its not NYU and its not Tech.

Dude this is just a bad idea. Straight from UG to BSchool? Not what you want to do at all...

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 

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