Last-minute Decision: Vanderbilt vs. IU-Kelley (undergrad)

I posted once earlier, but now I've narrowed my choices down to Vanderbilt and direct admittance to the Kelley School of Business at Indiana University (and KLLC membership). I would graduate Vanderbilt with up to $50k in debt and leave IU without any. Also, I love to travel internationally, so this would become very difficult if I attend Vandy. I want to go into BB IB or PE, but I also want to enjoy my four years as an undergrad. I would rush at either, but I'm concerned about the social experience at Vandy (I want a solid party scene) and the increasing amount of liberal intolerance on campus. Also, I'm not sure if Vanderbilt is as strong as its career center projects. Is Vanderbilt a semi-target or not? If a have a decent chance of the IB workshop at Kelley, does that make IU the smarter choice? I'm pretty confident that IU will be a good time, but I don't want to pass up Vanderbilt if it will open more doors for me in the future. Can anyone please weigh in on the undergraduate experience at Vanderbilt and its placement opportunities in comparison to IU to help me make this last-minute decision?

 

vanderbilt social scene is pretty damn goood as well. nashville is lit, greek life is strong, and the weather is 10x better. much more prestigious as well. i wouldn't bank on getting into the IB workshop.

still the money factor makes this a tough choice.

 
The Nightman:
This. If you are not certain you want to do IB (or corporate finance) then Vandy makes sense. If all of a sudden you want to pivot to STEM/consulting/law/etc. Vandy would be far better,

Disagree. IU has an awesome CS program. Same with their IB Institute. Provocatively, it's also cheaper for OP-- he would not graduate with any debt from IU.

My thinking on this is that everyone promoting Vanderbilt is from the East Coast. Everyone plugging IU is from elsewhere. They're equal schools, but one is going to carry less debt.

If OP is fine with working at a Chicago prop shop and starting at double the pay of NYC IBD for half the work, IU is a perfectly fine choice.

 

OP, like you said, you want to do IB in NYC. And Illini (who I have a lot of respect for btw) said as well that Vandy is the clear choice for IB in NYC. I think the reason you're asking WSO is that you're trying to find a reason to pick IU over Vandy because of the social scene, but you know that Vandy is probably better for your future.

 
xby90:
Thank you for this. This is the most accurate comment I've seen so far. WSO seems seriously divided on this decision and that shows how hard it is for me to decide.

I can picture myself doing IB in NYC, but I could also change my mind (definitely, definitely possible - I am known for getting bored with things fast). However, it is important to know more about me as a person. I'm incredibly conservative, love to party, love to travel and am not religious at all. I didn't apply to Harvard, Columbia, Princeton, etc. because I would lose my mind dealing with the amount of liberal bullshit on campus. I consider myself intelligent, and I applied and was accepted to other good schools (UVA, Notre Dame, etc.). I turned down Notre Dame because the fit seemed off and UVA because I got no aid at all. I was deferred ED at Penn (Wharton), the one place where I felt I had both a strong fit and solid career prospects.

I've done some more looking into the financial situation. If I can't convince Vandy to give me another additional dime in aid, I'll likely graduate with $35-40k in debt. However, I make $20+ an hour at my job currently and can make $1000 on good weeks. Also, I'm looking into some summer jobs that could help and also satisfy my craving for travel (i.e. Working on a cruise ship, waiting tables in another country, etc). This could further reduce the amount in loans.

My parents are pressuring me to choose IU now. Their IFS program begins in two days, so I basically have to decide sometime today (July 28). I would choose Vandy in a heartbeat if I had knowledge that the curriculum would give me both strong practical knowledge for future careers and a great social life. I have heard that IU-Kelley and the KLLC prepare students so well that they often walk into interviews with much more knowledge than their T20 competitors. Also, I'm concerned about Vandy because the chancellor continues to lead it in a more and more liberal direction. I appreciate diversity, but I also want a strong fraternity scene and a campus that isn't so politically correct (it's college after all). Vanderbilt is now more minority/international than white and while visiting campus I was told that students self-segregate into their own in-groups. I want to have fun (parties, girls, frat life), learn the skills I need, and graduate with lucrative job opportunities.

I'm not stupid guys. I earned my RD spot at Vandy. And I won't see Vanderbilt as a step below Harvard or Columbia. I know people going to Stanford, Harvard, Brown, Princeton, etc. next year and I have to say I'm shocked that many were admitted. This is about what is best for my enjoyment the next four years and my success in the years after.

Considering all of this, what is the final consensus? I'd like to hear one more time before I decide. Thanks to all for taking the time to offer thoughts I wouldn't have otherwise considered.

If you are dead-set on NYC IBD, if you believe the banks won't get eaten by fintech, if you would turn down an offer from Citi Chicago IBD or Jump Trading to wait tables in NYC on the hopes of eventually landing an NYC job, the answer is Vanderbilt.

If that's not the case, for $50K in debt, the answer is IU.

College changes you. All else being equal, Vanderbilt will make you more sophisticated but also more worried about prestige than IU. In my view you are stacking the deck against yourself with that approach.

In any case, you should be putting more weight on your parents' advice and your own feelings about the campus visits-- which students you like more; where you fit in more.

 

Vandy all day.

Vandy you'll meet people from all around the country who are high achievers. At IU you'll mostly meet people from Indiana. Some will be smart, but many will be lazy. With a Vandy degree you can move anywhere and it will be immediately obvious to your employer the strength of your school, you won't be confined to the midwest. This "Vandy kids have a chip on their shoulder as a bunch of Harvard rejects" thing just isn't a thing. Vandy's a top tier school and most people who go there are proud as shit of going there. Advising you to put yourself in a worse situation so you'll learn grit is insane, give yourself the best chance of success possible. If you're estimating about $42k in loans, you'll be able to pay that back easily as long as you can find a way to make $65k+ out of college. You'll be out of debt by 26/27 if you get into IB and throw a large portion of your bonus at that debt, and 30 at the latest if you go into corporate finance or something else entirely. At Vandy you won't have to get into some workshop, and arguing for the workshop is an IB specific argument. If you end up deciding you want to do something else, that workshop won't mean anything to anyone. I went to a Vandy peer school, did OK, and got into a MM IB right away. I also took about $50k in loans to do it. I'm 27 now and been out of debt for a few years. My other option was going to my bigass state school that sometimes places into IB for free as some kind of "presidential scholar" or whatever - not as good as IU, but many alumni on the street, definitely the kind of school where if I had worked hard I would have made it. Lots of people advised me to save my money and work hard at the state school, but I know for a fact that if I had went there I would have no chance in hell of moving around the country into increasingly elite jobs. In retrospect, I made by far the right choice because I opened up myself up to a national network and a significantly higher caliber of peers. Go to Vandy, you won't regret it.

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