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.
NYU and Columbia are both need-blind institutions. Your family's ability to pay bears no weight on whether you'll be accepted or not. Also, they provide need-based aid that's calculated based on your family's income. If you don't come from a wealthy family, then if you were admitted then you would receive what I assume would be a sufficient amount of financial assistance.
As for not having a perfect GPA, balance that out with something else. Write killer essays. Volunteer. Highlight work experience. Et cetera. At the end of the day, these are both extremely competitive institutions and you should apply to more. It doesn't need to be a school in NYC to increase your chances of working at a firm in NYC. The University of Virginia, University of Michigan (Ross), University of Texas - Austin, UC Berkeley, any other Ivy, Northwestern, Vanderbilt, etc. People from all across the country from different schools come to NYC for banking. You should probably cast a wider net and look at schools other than SUNY and CUNY.
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