MSF: UIUC Vs Simon Vs WashU

Hello everyone!

I hope you're all doing well. I’m reaching out because I’m facing a critical decision and would really appreciate some advice or insights from those of you who have experience with or knowledge about these programs.

I’ve been fortunate enough to be accepted into three fantastic MS Finance programs, and now I need to make a final choice. The options I’m considering are:

  • University of Illinois Urbana-Champaign (UIUC): $75K net cost
  • University of Rochester (Simon Business School): $56K net cost
  • Washington University in St. Louis (WashU): $55K net cost

My long-term goal is to work in investment banking (IB) or equity research, and I’m looking for the program that offers the best ROI, opportunities, and overall fit for my career aspirations.

Some things I’ve been weighing:

  • Reputation and Brand: I guess all three school's have a good brand reputation, maybe UIUC and WashU a bit more comparatively (correct me if I am wrong). UIUC's proximity to Chicago and Simon's proximity to New York is appealing, but with WashU, the location is not close to any location with a strong focus on finance jobs.
  • Alumni Network and Recruitment: I know that UIUC has the largest alumni network as it is one of the oldest MSF programs in the US. Simon too has a strong network I believe and the employment stats are pretty promising. WashU on the other hand is lacking on this aspect significantly (based on the 2022 emplyment report i say). I’d love to hear from anyone who has gone through these programs, particularly in terms of their support for IB and equity research placements.
  • Cost vs. Return: While the financial burden is a concern, I want to ensure I’m making the right investment for my future.

If anyone has insight on any of these schools, or if you’ve had personal experience with their programs and placements, I’d be incredibly grateful for your thoughts. Any feedback or advice would mean a lot as I work to make this important decision.

Thank you so much in advance!

2 Comments
 

Based on the most helpful WSO content, here's a breakdown to help you decide between UIUC, Simon, and WashU for your MSF program:

  1. Reputation and Brand:

    • UIUC: Known for its established MSF program and proximity to Chicago, which is a major financial hub. This could be advantageous for networking and internships in IB or equity research.
    • Simon (University of Rochester): Its proximity to New York City is a significant advantage for finance roles, especially in IB. Simon has a strong reputation for finance and analytics, which aligns well with your career goals.
    • WashU (Olin Business School): While WashU is a respected institution, its location in St. Louis is less ideal for finance job opportunities compared to Chicago or NYC. Additionally, its alumni network and recruitment for IB and equity research seem to lag behind UIUC and Simon.
  2. Alumni Network and Recruitment:

    • UIUC: Boasts one of the largest alumni networks due to its long-standing MSF program. This can be a major asset for networking and job placements, particularly in Chicago.
    • Simon: Employment stats are promising, and its proximity to NYC enhances access to IB and equity research roles. The program has a solid reputation for placing students in front-office finance roles.
    • WashU: While WashU has a good overall reputation, its alumni network and recruitment for IB and equity research appear weaker compared to UIUC and Simon, as noted in the 2022 employment report.
  3. Cost vs. Return:

    • UIUC: At $75K, it’s the most expensive option. However, its strong alumni network and proximity to Chicago could justify the cost if you leverage these advantages effectively.
    • Simon: At $56K, it offers a competitive cost with strong placement stats and proximity to NYC, making it a solid choice for ROI.
    • WashU: At $55K, it’s slightly cheaper than UIUC but doesn’t offer the same level of recruitment opportunities or alumni support for IB and equity research.

Recommendation:
If your primary goal is to break into IB or equity research, Simon (University of Rochester) seems to offer the best balance of cost, location, and placement opportunities. Its proximity to NYC and strong employment stats make it a compelling choice. UIUC is a close second, especially if you value its large alumni network and Chicago connections. WashU, while a great school, appears to be less competitive for your specific career aspirations in finance.

Good luck with your decision! Let me know if you need further insights.

Sources: Undergrad School OPTIONS (please help), How good in Masters in Finance from UIUC?, https://www.wallstreetoasis.com/forum/school/profile-evaluation-bocconi-msf-lbs-mim-or-mfa-lse-msc-finance?customgpt=1, Ohio State MSF vs Villanova MSF, Washington Uni in StLouis vs Vanderbilt vs Uni Of Texas at Austin postgraduate MS Finance

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

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