IU Kelley v. Purdue Daniels
Hey all, HS senior. I know this isn’t a college forum, but looking for some advice from people in the industry. Want to break into IB as an Indiana kid. All expenses for my 4 year BSB (finance/econ), IU Kelley is currently $100k, Purdue Daniels $30k with scholarships. Also considering Miami (OH) Farmer School but it’s $150k. I like IU, it’s a semi-target, but the difference in cost is significant. Purdue is doing better as of late, although still lacking much alumni network in IB. More Industrial Engineering/CS/Data Sci/other STEM. I could afford IU, but at Purdue I would be debt-free and wouldn’t have to work. Would it be significantly harder to break into IB from Purdue as compared to IU? Any other advice for me about anything? Thanks.
Go Purdue and work hard. You can break into anything from anywhere provided you work hard.
Go join student orgs, reach out to career coaches, and find mentors from day 1.
Get internships, good grades, etc.
Work hard, save yourself $.
Besides, IU is only good if you get into the workshops and if you don't get in then your wasting $.
Thanks for the advice! I appreciate it.
That’s my other beef- at IU I’m not even a direct admit to Kelley (yet… doubtful about my petition request). I’d like going standard admit anyway- more pressure to perform. If I end up with even a 3.8 though, no shot at the IBW.
I have a couple connections on my own with BB IB already, lining up freshman internship at F100 energy co.
I like the “grind” culture and plans of study at Purdue as well. IU not so much. I’m thinking overall I’ll be fine, maybe I care too much lol. Difficult choice.
Maybe some background in STEM (data analytics/CS) could help at Purdue as well?
fuck the social life. grind. social life just consists of hitting up the same bars over and over and over and over again.
70k to party? that's pathetic.
70k is a lot of money. anyone who says otherwise went to an overpriced education themselves and probably have debt.
TVM is a thing. learn it.
If even one person from purdue has broken into IB then it, by definition, is possible. if they can do it so can you.
you're
.
Above is terrible advice. Do not go to Purdue. Purdue sucks from a student / social life perspective. There are even videos out there of Purdue students saying they wish they were at IU. The greek life sucks. The sports suck. The IB / finance alumni is nothing compared to Kelley.
Yea, you'll have to grind at IU to get into a workshop and some top tier clubs, but if you can afford come to Bloomington. That $70K difference won't mean much after a couple years in IB anyways.
Agree with above, additionally the environment/established culture around banking will help keep you on track (which you may need given that you were not directly admitted)
Come on bro they just beat IU… lol
Socially, I agree. All of my Purdue engineer friends say the same. I am planning to rush either way, even if Purdue’s IFC is run by a bunch of squares. Tbh, I’d be enrolled at PU already if I wasn’t concerned about the social aspects.
I’ll stand on Purdue’s plans of study, recent investments, new faculty, and value though. They could be competing with Kelley (in 15 years).
My family can afford most of IU’s cost. My 529 would only cover about one year, the rest they’d have to contribute cash. They say it’s fine (sort of) but it’s difficult when I could have damn near my whole degree paid for out of my 529. Waiting to hear on IU scholarships.
I’m so torn 😅
I don’t necessarily agree that $70k is insignificant. I spent a year at my semi-target school, which would have put me in similar debt, and at the time, I was fully focused on investment banking and alternative investments. The school made it easier to break into IB, but after that year, I realized it wasn’t the right fit for me. I ended up discovering my true interest in math and computer science, so I transferred out. My point is, be cautious about taking on a significant amount of debt without being sure that investment banking is the career path you want. The pressure of having to pay off those loans can weigh heavily, especially if you feel like you have to pursue IB.
I’m reading “Investment Banks, Hedge Funds, and Private Equity” by David Stowell right now. I think it’s intended for MBA/MSF students and a hard read for me lol. I’m getting through it with a better understanding of investment banking to assess my interest in doing the things you all do for such long weeks.
I definitely want the best exit opportunities out of undergrad as possible. Im fortunate to not be taking on much too much debt with my parents help. Crunching more precise numbers on the financial side today.
Someone on another forum in IB dropped a quote that stuck with me- “He who is on top of the mountain didn’t fall there”.
I’ll note that I’m also considering law should I start to like Word more than Excel. I consider myself a good writer and like economics and politics. Purdue’s pre-law program is downright bad, but IU actually has a solid program.
My sister went to Purdue on a track scholarship. Socially, she wishes she went somewhere else. It's a good school, but the campus and social side of things are not nearly as good as IU.
Definitely agree. If I were going into engineering it would be a no brainer and I’d just embrace that it sucks.
Yes, engineering is a different conversation as they are great for that. Business, I'd honestly say IU, but I have no idea what it takes to get into their IB workshop. I'm a UIUC grad. Honestly, my sister would drive over nearly every weekend with her sorority friends because she thought it was more fun, plus 19 yo bar entrance (no idea if that's still the case). I think she also liked having me watch out for her when she wanted to party as Purdue's bars sounded kind of sketchy.
For full disclosure - Purdue was also dealing with an issue with date rape drugs back then so that was a factor that I'd hope has long been fixed.
Go to IU. It is a fun environment both academically and socially. You will meet a lot of very smart people who will help you out in the long run. Go for the PEW/IBW/IBS and you will get a job in banking. No it doesn't really matter which one you get into, all it means is what banks you can recruit. For example, you are not going to get Evercore from the IBS. Overall, they take 120 + combined between the PEW/IBW/IBS so you are fine.
Very helpful academic advice, thank you.
I haven’t even heard about the IBS yet, that’s nice to know should I not make it into the IBW. Very reassuring.
wait did u get scholarships at purdue??if u got 60k in scholarships from purdue i'd say u have a got shot at getting into kelley. kelley isnt THAT selective
Well its looking like Purdue
A large proportion of the recent $500M investment into Daniels is going into preparing students to break into IB/PE/MBB
I’ve already networked with current/former members of a specific program, all of which are on Wall St/Chicago.
I’ve also began getting my foot into the door of some of the better frats on campus.
For me, despite the lackluster social life and less alumni in IB, $70k really is a lot of money. While I could pay off my student loans after placing in IB, I truly like the community that I’ve already begun involving myself with at Purdue. I think the top scholarship I was awarded is something special and a calling to go there, and I’m going to take a leap of faith and be ready to put my head down and grind. In the grand scheme of things, I’ll still have fun (basketball szn at the very least) and I can still break into IB. Recently talked with several current interns & alum in BB/elite boutiques. Fuck it
Go IU, all you have to do is just get into clubs first semester which shouldn’t be hard if you’re actually passionate about finance and get good grades and you’ll get standard admission to Kelley. Don’t be cocky, stay humble, and form the right relationships and you’ll have a very good shot at workshops
I've already passed all the weed-out classes through a regional IU campus and high school dual credit offered through IUB, other than accounting. I'm taking the Wall St. Prep Accounting Crash Course so I understand the basics of accrual accounting and the 3 financial statements. Not really worried about getting into Kelley as a standard admit should they defer my petition.
That being said, I've already networked into some pretty competitive Purdue clubs on the come up, as well as two of the nicer frats there. I just can't seem to get over the near 3x cost difference with all of the opportunities I've already opened up.
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