Emory Goizueta vs NYU CAS Econ for IBanking
Was hoping to get some clarity on which is the better choice for entering BB/MM/EB Banking or MBB consulting. The two choices are a double major in Econ-Math and a BBA(Finance) from Emory Goizueta or going to NYU CAS and getting a major in Econ-Math at CAS and a minor in Finance from Stern.
Can’t speak on Emory but I went to NYU CAS and majored in Econ.
Transferring to Stern is ideal but almost everyone in CAS Econ is trying to do that so your chances are slim even with a golden profile.
The Econ courses in CAS are harder than stern courses. The major requires a significant amount of effort to maintain a high enough gpa to recruit for IB. You will have access to most of the events that stern does, and you can join stern clubs and network with the alumni of those clubs. Being in NYC helps tremendously with recruiting and networking.
CAS Econ is not a target for IB or consulting (easier to recruit for consulting but not MBB). You will be asked at almost every IB interview why you didn’t go to Stern and you will have to craft a believable answer that is not “I couldn’t get in” even though that is the usually the truth.
I was able to land a FT role in MM IB but the truth is that it will require a significant amount of time and effort from CAS (more so than Stern) and you will most likely not get looks from a BB.
Another drawback of Econ in general is that finance majors often have an upper hand in terms of the subject matter of their major. Most of what you will do in Econ will not be remotely relevant to finance so u will have to supplement your course load with outside modeling courses and general finance/business mechanics courses just to keep up with business school kids.
If I could do it again I would just major in finance somewhere else and just recruit MM from a non-target.
Thanks for that. Where did most of your other CAS econ classmates who did not go to grad school end up working? What kind of industry and companies?
It varies a lot because of how Econ generally applies to a lot of different things. A lot of consulting, BO/MO banking, education, and law (paralegal before law school). There’s also a lot of overlap with data science in terms of job opportunities. Some go into tech sales roles as well.
Almost everyone I know has a job though which is a good.
Emory is the better imo recruiting has been getting better and better every year with an on campus presence from some of the EBs (CVP has a session there) and a solid MBB presence.
Emory for sure. Semi-target these days. Have a handful+ of people at every notable spot.
How about recruitment for international students btw?
Both are great but I think you will have an easier time recruiting from Emory. I will say that Emory is definitely stronger for consulting including MBB
Can’t speak on NYU but the last few years and especially this year the recruiting from Emory has been great for a “semi target school.” Quite a handful of kids go to a majority of BBs but Emory is best for EB/MM placements. MBB consulting is pretty heavy on campus as well but mostly to cities in the south.
Keep in mind the amount of kids who actually strive for IB from Emory will be less the amount of kids at larger/target schools. Goizueta graduating class is typically 500-600 kids and only around 100 “try” to recruit for IB. No clue how many are actually serious about recruiting but all my friends who tried to recruit got offers. Have seen around 15-25 kids who got IB offers this year w 1-2 kids buy side as well.
Goizueta graduating class is typically only 350 but the class of 2025 is exceptionally large due to deferred admissions from 2024 and higher than expected yield. Also way more than 15-20 get offers most people in class of 2025 haven’t really posted their offer because there’s a culture of not posting their role at Emory until they’re close to the start date
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