STERN (No $$) vs. Yale ($$) for IB

Question

I've been accepted to NYU Stern (no $) and Yale SOM ($40k in total). Which of these schools would be best for breaking into IB?

For context: I'm 27 years old Asian, my work experience is in big 4 audit with CPA licensed. I'm currently based in Toronto. I'm leaning towards Stern because of its location and reputation in Finance, but Yale seemed to move up in ranking these days. Based off the employment report, the % of students going into IB is 26% (Stern) vs. 14% (Yale) - it could simply due to the number of students recruiting for IB tho.

Any insights or advice would be appreciated.

bobbybonilla · Accepted Answer

I went to a non-target, non-top-10 MBA program and we still placed the majority of qualified, non-joker IB seekers into internships.  Close to 90% received FT offers (including me) from just about every bank across the spectrum including elite boutiques. Point being that if you are qualified and ok grinding out the interview process, you should get an IB internship at either school (given your background I think you are qualified).

Even though stern sends a lot to IB you should still have success at SOM.

ibd-london · Answer

If you’re American, go with Stern. If you’re international student, go with SOM. The Yale brand will carry more weight outside the US. That said, Stern perhaps sends more people to IB than Yale and is perhaps a better choice for that reason given the strength of alumni network on the street. However I’m also willing to bet that the typical SOM student (similar to Kellogg’s) is not gunning for IB so your chances of getting into Ib May be decent.

alreadyrich · Answer

Its anecdotal but largely true. If you go through an MBA program and OCR, you do have a good sense of who is genuinely interested in what and who is successful landing those roles. All I am saying is that x (say 20) number of people working in y bank does not equal all x people working in an IB role. The number of people who struck out of landing an IB role in Stern was a lot larger than SOM in a sample of over 3 classes. Again, the OP should do his/her research - if you speak to c.10 student+alumnus across both schools, asking the right questions, you will get a good sense of success numbers.

MBASometimeK · Answer

You have a difficult choice to make here. If you're deadest on IB, I would choose Stern. Otherwise, Yale would be the better option (especially considering the money).

I ran through the numbers when I was applying myself and I chose to not apply to Yale based on my findings. Looking through the linkedin (since Yale does not publish placements in their employment report) Yale sent 21 to JPM since 2015, and 20 to GS.

However, upon closer inspection, more than have of these were false positives.

+39	Cornell University Chi Phi Fraternity	26	19m
+25	Why is it called Oxbridge when Oxford is obviously the greater uni?	13	31s
+21	Non-EU international applicant: which European econ/finance undergrads actually place into London IB/AM/PE?	11	15h
+14	Northwestern v.s. Uchicago ? Advice for IB/Consulting/PE	10	2d
+13	I don't know what to major in?	2	21h
+12	Masters In Finance	4	1d
+9	Bristol vs Exeter vs Leeds for Accounting & Finance as an international undergrad student	3	2d
+9	Big 4 Audit → TS (FDD)/Valuation → Master of Finance → IBD (US/Asia)? Or grind TAS then MBA?	1	2d
+6	Bocconi MSc Fin GE Admission	1	6d
+3	MBA?	2	9h

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STERN (No $$) vs. Yale ($$) for IB

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STERN (No $$) vs. Yale ($$) for IB

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