Today I found out about all my acceptances and rejections during the undergraduate admissions process and I was disappointed to learn that I did not make it into my top choice school (Wharton). However, I was accepted to Ross School of Business at University of Michigan (pre-admit) as well as NYU Stern.
I was wondering how job opportunities in terms of investment banking compare between the three schools (including Wharton) and whether a strong GPA (3.8+) will still enable me to get a solid paying job on Wall Street (salary around the same as a Wharton graduate)? Also, how will such a GPA place me in terms of admissions for MBA at Ivies/Stanford/MIT?
Basically I was saddened by the rejection and am wondering whether my other options will still get me into a good job such that any differences between me and a Wharton graduate will be negligible or something that shouldn't worry me.
Thank you very much!
Wow there is just an onslaught of these questions. Almost worthy of a High School section.
You will def have the opportunity to leverage either Ross or Stern into a great career.
Sorry about that. I guess it is just all the emotion of the rejection.
It is good to know that the situation isn't all that bad really. I also heard that once you land the job in an IB firm (BB), where you graduated from is no longer important. It is simply about how much profit you bring in.
No need to apologize, no worries. My guess is given your focus you will undoubtedly land a MM/BB summer fresh/soph gig, dislike it relative to other opps, and then pursue a better more lucrative career on the buyside out of undergrad
Stern will give you all the placement you want. It's a finance factory. Not as well-known or targeted for trading but for banking, only Wharton beats it. Starting comp packages are the same if you get into a BB, regardless of whether you came from Stroudsburg University or Harvard. Only variation would be the bonuses based on your bucket ranking.
Also, you will not be bringing in profit as an analyst at an investment bank. VPs and MDs do that, you do monkey work crunching Excel and Powerpoint until your eyes bleed.
Thanks Posse. I'm assuming the difference in university name (e.g. difference between Stern and Harvard) will be important when it comes to the number of student that are hired and the likelihood of finding a job at a BB, right? So, will I be better set for getting a job at a BB at Ross or Stern or is it just down to my GPA now, regardless of where I go?
All 3 of those names will allow you to atleast get interviews - assuming you get a decent gpa and have some ECs. At that point its if you know what you are talking about, have any social skills and can articulate why you want to be there.
People will whine and cry that they didnt get the SA position or FT offer because they only went to a top 15 school and not a top 5. Truth is that if you go to any good school and have a decent gpa and interest in banking, s&t, AM, whatever it may be you are capable of doing the work. Its basically how well you network to get a foot in the door and then how well you do in interviews.
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