Student in it's last year of high school genuinely needs help choosing college

Based on the most helpful WSO content, here are some key points to consider when deciding whether to study in the US or stay in Europe for your finance career:

Studying in the US:

1. Opportunities and Networking:

   • The US, especially New York, is a global hub for finance. Studying there can provide unparalleled networking opportunities and access to top firms.
   • Target schools in the US, such as Wharton, offer strong alumni networks and recruitment opportunities.

2. Financial Aid and Costs:

   • Ivy League schools like Wharton offer substantial financial aid packages, especially for families with lower incomes.
   • However, the cost of living and studying in the US is high, and you may need to take on loans even with aid.

3. Work Authorization:

   • Post-graduation, securing work authorization in the US can be challenging. You will need sponsorship for a work visa, which adds uncertainty to your job prospects.

Studying in Europe:

1. Reputation and Cost:

   • Schools like SSE, Frankfurt Business School, and CBS have strong reputations in Europe and are more affordable compared to US schools.
   • European schools may offer programs that are highly regarded and can lead to successful finance careers within Europe.

2. Visa and Work Authorization:

   • Studying in Europe means you won't face the same visa challenges as in the US, making it easier to start your career without the added stress of securing work authorization.

3. Career Prospects:

   • While European schools may not have the same level of direct access to US firms, many have strong international connections and can still lead to opportunities in the US, especially if you gain relevant experience and network effectively.

Recommendations:

• Evaluate Your Goals:

  • If your ultimate goal is to work in New York, studying in the US might provide a more direct path, but be prepared for the financial and visa challenges.
  • If you prefer a more cost-effective and potentially less stressful route, studying at a top European school and then leveraging that education to transition to the US could be a viable option.

• Consider a Gap Year:

  • Taking a year to prepare for exams like the SAT/ACT and TOEFL can improve your chances of getting into a top US school with financial aid.
  • Use this time to also research and apply for scholarships and financial aid packages.

• Research Schools:

  • Look into schools beyond the Ivy League that have strong finance programs and good financial aid packages. Schools like Baruch College in New York have strong finance programs and may offer more accessible admissions criteria.

Conclusion:

Deciding whether to study in the US or Europe depends on your financial situation, career goals, and willingness to navigate the complexities of international education and work authorization. Both paths have their pros and cons, so weigh them carefully based on your personal circumstances and long-term objectives.

Sources: Should I come to the US or stay in my home country?, https://www.wallstreetoasis.com/forum/job-search/finding-a-finance-job-in-usa-as-a-foreigner-living-abroad?customgpt=1, is it even worth it for international students anymore?, Where Should I Apply?, Is my American Dream Over?