Stay in NY or leave ???
As a native New Yorker does it make sense to go out of state for undergraduate to work in IB in nyc ? Or should I stick with the SUNY & CUNY schools ?
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I also live in NY but Ik going out of state. If you wanna work in a BB or EB it’ll be extremely hard if you aren’t attending a target or semi-target school. I would research what those are. Peak frameworks has a good list made from recent data.
Ik the schools are NYU Stern, Columbia University, & Cornell University but these are all private Ivy League schools which cost $$$. It is ironic to this day that SUNY and CUNY schools is still not considered targets or semi target schools to BB & EB banks even though they are located in nyc which the financial capital in the world lol/smh.
There’s plenty of other targets and semi-targets out of state like the one I’m going to but yeah, idk why a top student at Baruch won’t really be considered for a BB analyst position. I guess that’s just how it goes though.
Not going to a target/semi-target makes it harder to land but not impossible you just have to stand out at your institution
And how do you suggest I do that ? Ik I need have a perfect gpa, IB internship experience, join a finance club, and network. So what else do you suggest ?
+1 to this. OP, CUNY Baruch places decently into Wall Street if you're a top student there. Know someone I grew up with who went to a mid-tier BB credit team after Baruch, networked into one of their better IB groups, and is now on the buyside (HF/AM).
Fordham may work but beyond those two schools, you will not get looks in IB at other CUNY / SUNY schools (SUNY Bing business used to be well regarded when I graduated HS, do not go there - never heard of a good outcome from that program). If you're okay with paying out of state tuition (would only go if you get significant scholarship), I would recommend Rutgers. Out of all the local undergrad business programs in the NYC area that aren't semi-target / target, Rutgers places decently and is the only one that can give you a true college experience (campus, Greek life, huge party scene if that's your thing). Know quite a few bankers from there.
Wow, that’s great! who is that someone? So we could connect on LinkedIn ofc.
I was thinking about looking into Umich since I been seeing them a lot in nyc lol and I heard they are semi target school but I don’t think the out of state tuition is worth it for a non Ivy League/Private school.
Why only suny or cuny? Columbia and nyu should be your targets if your main goal is IB. Even Fordham would be better choice.
They are but like I said before I don’t have a perfect gpa and I don’t come from a wealthy family $. But I heard I could work for one of them schools first to get my foot in the door to see what opportunities it can provide sadly. 🤕
Okay, but while gpa matters to get into a good school, family money only comes into play when qualifying for financial assistance. Being rich doesn’t guarantee a ticket to Columbia unless you’re talking about some 0.1% person whose dad has a name on a building.
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