Is IU-Kelley or UMD-Smith a better school for going into IB
I could go to UMD with no loans or take out 50k to go to IU or 138k to NYU which is too much for me I believe. is IU Kelley or UMD a better school if I want to go into IB and then HF or PE?
Never heard of UMD-Smith or talked to anyone from UMD with so take that as you will
so iu?
IU would probably be worth the 50k over UMD - although I'm sure that you could get to IB from UMD, it would be much more difficult. Kelley would help with buyside recruiting too. You could probably pay off most of that 50k by the time you graduate between internships and IB signing bonus.
UMD has a growing alumni base in NYC at BBs. BAML does on campus recruiting for IB. There are like 5 kids interning there this summer. Type in Lemma Senbet fund on linkedin to see where the top UMD alum are working at in NYC. There are a number of boutique IBs in the DC area you can do internships at before your junior year. I would recommend UMD considering you would be graduating debt free.
The current LS fund kids at UMD haven't placed particularly well I'd say - just checked the whole current team on linkedin. I think IUK is a much safer bet if the LS fund is the high watermark of UMD talent ..
OP, here's the websites for both UMD's Lemma Sembet Fund and IU Kelley's IBW that show the members and you can see where they're interning this year. UMD's LMF seems much smaller with some kids going MM shops, not sure if kids place at BB/EBs outside of it.
https://www.rhsmith.umd.edu/programs/undergraduate-programs/academics/f…
https://kelley.iu.edu/IBN/Members/memberViewForm_1.cfm?gradYear=2018&af…
what does MM and BBBE stand for?
MM = middle market. BB = bulge bracket. EB = elite boutique
and what are the differences in pay/employment/life/prestige?
BBs are the ones you hear about, who have traditionally been the big boys on the block doing all the >$1 billion dollar deals. (Ex. Goldman Sachs, Morgan Stanley, JP Morgan)
EBs have gained a a lot of market share the past 10-20 years, they are a lot smaller in terms of headcount but also do mostly >$1 billion dollar deals (Ex. Evercore, Moelis, Lazard)
MMs operate in the middle market, deals that worth $100 million - $1 billion, so you won't hear about them on the news. (Ex. Piper Jaffray, Baird)
Most people aim for BBs and EBs since they have more prestige, can work on larger and more complex transactions, and offer better exit opportunities. EBs pay slightly more.
How the fuck are you making a college decision based on which school will place you into investment banking if you dont even know WHAT investment banking is?!?!?
Just did a quick search and it doesn't look like they've been placing well recently. Mostly to Stifel with a few going to Blair/Baird. Would definitely say IU is worth it
Kelley without a doubt, not only will you get a better banking job out of school but the business school is more prestigious than UMD’s so it’ll carry weight throughout your career
why do ppl care where u went to undergrad throughout a career? shouldn’t it be based on ur performance?
In the world of high finance, wherever you go to school carries weight for the rest of your life so choose carefully. Buyside recruiting, MBA, etc. Sure your performance is a big indicator, but there are certain stigma’s associated with top schools that will give you a leg up
Is NYU Stern or CAS?
stern
I know you said you’re not considering it but you might want to think about the incremental increase in yearly earnings that Stern undergrad will likely grant you over a lifetime versus what IUK would, then compare the difference in debt. If you can stomach the debt now it’s likely worth it in the long run to go Stern.
As someone that toured both and has recruited at both, IU-Kelley will give you a much better college experience than UMD. On top of that, it places much better. UMD is a fine school and provides opportunities, but they are far more limited in FO IB.
I don’t think you can go wrong with either UMD or IU. IU definitely does have a better track record and has a more clear path to what you are looking for. However, UMD’s alumni network is definitely getting larger in both NY and SF. I believe a couple BBs and MBB recruit at Smith now too. So if you have to chance to go debt free at Smith, it’s definitely worth a look
The responses in your 2 threads haven’t been much help because people have been equally split between all 3 schools. It depends on how much you want to do IB and how you feel about debt. I’m half pulling these numbers out of my ass but I have friends at each of these schools, so I’ll at least give you my educated guesses if you work hard from what I’ve seen and heard.
UMD 0k loans: You’ll have a 20-30% chance of IB, 5-10% chance of BB/EB
Indiana 50k loans: You’ll have a 50-60% chance of IB, 20% chance of BB/EB
NYU 150k loans: You’ll have a 70-80% chance of IB, 30% chance of BB/EB
So basically if you’re not set on Wall St. and you don’t want debt, go to UMD or IU. If you’re willing to take on a lot of debt to invest in yourself to maximize your odds of IB, go to NYU. There’s not a clear choice but paying more will give you better OCR and higher possible opportunities, so it depends how you choose to balance cost vs OCR. But also want to point that wherever you go, it will come down to your ability to get a good GPA and being able to interview well.
I prolly should’ve been more specific but what I rlly want is to go into a HF but I heard the 2 and out is the best way? what do u think?
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