Harvard potential 20% cap on A grades -- Harvard vs. Stanford (Undergrad)

I am fortunate enough to be deciding between Harvard and Stanford as an undergrad looking to get into finance or consulting. I serve on a budget committee for a large public entity's budget/spending/operations and I have a genuine interest/enjoyment in the work. I have no connections or massive sums of generational wealth, and both schools cost the same for me (will graduate without debt).

H:

  • Edge in IB/PE (?) and consulting
  • Better(more) recruiting infrastructure
  • I like Boston > Palo Alto and NYC > SF

S:

  • Edge in VC
  • Better options/pathways to jump ship for whatever reason (i.e. tech, startups, engineering)
  • Better weather (very minor for me)

Here's the big thing... I am concerned with the Harvard proposed 20% cap on A grades per course. It gets voted on after decision day and although I understand the reasons behind it, it feels like H undergrads will suffer in competitive recruiting/grad admissions where GPA is heavily considered. Why interview a Harvard kid with a 3.5 when you can interview a Princeton/Wharton kid with a 3.9? 

It feels pretty dumb to be worried about grade caps or deflation when choosing where to get an education, but it also seems important for a field like finance where GPA can make or break interview offers. That being said, 1) it's not certain to be passed; 2) I've heard conflicting things about its likelihood, and 3) it's still completely possible to get A's, but time-consuming and highly dependent on my classmates' performances. 

Is it really prudent to go to Harvard and spend my waking hours studying to try and stay in the top 20% of every class, over going to Stanford where I can spend that time diversifying or working on interviews/cases/networking? My GPA would almost certainly be lower than at Yale/Dartmouth/Stanford etc. so still a big deal imo

I also have Rice, NYU(not Stern), and the rest of the ivies except Upenn and Princeton(technically waitlist) as options. Thoughts/anything else I should consider would be greatly appreciated.

10 Comments
 

When deciding between Harvard and Stanford for undergrad with a focus on finance or consulting, here are the key considerations based on the most helpful WSO content:

Harvard:

  1. Edge in IB/PE and Consulting: Harvard has a stronger recruiting infrastructure for investment banking and private equity. Its alumni network is vast, and the brand carries significant weight in finance and consulting.
  2. Recruiting Infrastructure: Harvard's established pipelines to top firms in finance and consulting are unmatched. Alumni connections and on-campus recruiting events are robust.
  3. Concerns About Grade Caps: The proposed 20% cap on A grades could potentially impact GPAs, which are critical for competitive recruiting. However, this policy is not yet confirmed, and even if implemented, top students will still find ways to excel. Keep in mind that Harvard's name often compensates for slightly lower GPAs in recruiting.
  4. Location Advantage: Proximity to Boston and NYC offers better access to finance hubs, making networking and internships more convenient.

Stanford:

  1. Edge in VC and Tech: Stanford is the clear leader for venture capital and tech opportunities. Its location in Silicon Valley provides unparalleled access to startups and tech firms.
  2. Flexibility for Career Shifts: If you decide to pivot to tech, startups, or engineering, Stanford offers better pathways and resources.
  3. Grade Inflation: Stanford is known for grade inflation, which could make it easier to maintain a high GPA while dedicating time to networking, internships, and extracurriculars.
  4. Weather and Campus Culture: While weather may be a minor factor for you, Stanford's campus culture is often described as more laid-back compared to Harvard's competitive environment.

Key Considerations:

  • GPA Concerns: If the grade cap at Harvard is implemented, it could make maintaining a competitive GPA more challenging. However, Harvard's brand and alumni network often outweigh GPA concerns in finance and consulting recruiting.
  • Career Goals: If you're set on IB/PE or consulting, Harvard might have a slight edge. If you're open to VC, tech, or startups, Stanford is the better choice.
  • Networking and Alumni: Both schools have strong alumni networks, but Harvard's network is particularly influential in traditional finance roles, while Stanford dominates in tech and VC.

Other Schools:

  • Rice, NYU (non-Stern), and other Ivies are strong options but generally don't offer the same level of recruiting infrastructure or brand recognition as Harvard and Stanford.

Final Thoughts:

If your primary goal is finance or consulting, Harvard's edge in recruiting and alumni connections makes it a strong choice, even with the potential grade cap. However, if you're concerned about GPA and want more flexibility to explore other industries, Stanford's grade inflation and proximity to Silicon Valley might make it the better fit. Ultimately, both schools will open doors to top opportunities, so consider where you feel you'll thrive academically, socially, and professionally.

Sources: A Letter To All Top 10 University Kids Complaining About Recruiting, MBA: Stanford or Harvard?, Stanford vs Wharton vs Booth vs Columbia for PE, UChicago or Brown for undergrad?, Target vs. Non-Target

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

You prefer Boston and NYC. And I do not see why you would necessarily have to spend your waking hours trying to stay in the top 20% of the class, which in itself does not sound that hard (depends on the classes you take, of course). And it is not like you would necessarily end up with a 3.5 GPA. You could have a 3.7+ and the Harvard brand would still carry. 

 

There’s more or less a fixed quota of spots for each target, so Harvards gpa stuff won’t impact you in any way and may actually help you by making it easier to stand out against peers. Congrats and hope this helps

 

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