UNDERGRAD: HELP NEEDED (NYU Stern vs. Rutgers Honors College full ride)
I was recently accepted into NYU Stern ($90k/yr) and Rutgers Honors college ($0/yr) with a full ride. Interested in pursuing high finance (IB/PE) in the future. Both schools are equidistant from my house. While I won't explicitly be paying for NYU, I want to know what is a better school in terms of value. Loans may be needed to cover the cost of attending Stern, but definitely not the full cost of attendance.
Stern has far better recruitment (higher chances of placing well esp if involved in clubs), would go there if no financial strain on your family, but free college anywhere is a good deal. Depends how hard you are willing to work in college.
Currently in Rutgers HC, received SA ib offer. As long as you get into RTWS you have a decent shot of placing, if you grind, join the right clubs, 3.8+ gpa (very attainable) and network you should be able to get IB offer. Although Stern places really well 90k per year isn't worth it IMO esp since the recruiting culture is very backstabby from what I've heard. Will def be a grind if you go to Rutgers but definitely attainable. feel free to pm
second this, unless it's an ivy, take the money and run, plus it's an honors college with good proximity to NYC. Your future mental health will thank you 1000x by going to Rutgers instead of Stern on so many different levels imo.
Third this, even without RTWS, RU places a lot of people in FO. Just depends on your grit and what are you willing to put into it. Your future mental health will thank you not having to worry about debt.
Not saying you’re wrong but if you have to grind anyway, might as well grind after college and pay off loans, then have a nice diploma, network, etc. with you until the end of time.
There is no such thing as backstabbing in recruiting...it's not a team game. You will have more fun at Rutgers but landing the role will be much harder than at Stern. If the money is manageable for your family without too many loans, Stern is the better option.
I've heard stories from people I personally know, of people backstabbing classmates in class due to the stern curve, such as giving wrong answers/materials. This ultimately affects GPA, a big factor of recruiting. But yes, recruiting from Stern will be much easier than from Rutgers as I did state above.
Stern by a mile
The answer to higher cost at a better school vs lower cost at a worse school differs depending on who you are.
People are too optimistic sometimes. Obviously the math works in your favor if you pick the low cost option and then assume you’ll land a gig at a MF analyst program. That’s not how you should run your analysis though. If you go with the low cost option, you shouldn’t assume that you’ll break into top roles. The odds are stacked against you and a few anecdotes on an online forum don’t change that.
That being said, be realistic about whether you want to work 70-100 hrs a week, sometimes even more. If you’re more type B and enjoy having time, hobbies, etc. absolutely do not take on a ton of debt to go to a top school. You’ll fizzle out of top roles very quickly and still have the debt to worry about.
Personally, I’d always take the higher cost option. After a few years, you’re making enough money to really not have to worry about the student debt number. Most people don’t pay it off because the rates are low.
This. Take Stern and run with it, maybe try to transfer up. I have seen firsthand what going to a better school can do, trust me on this, the stratification is real. Your student debt will be a rounding error in the long term.
With current cost of living, you are looking at $300-500k in debt for stern, big yikes paying that back with this interest rate environment.
He's living at home for college lmao
As an alumni of the RTWS program, pretty much our whole cohort (60ish) placed front office wise, not counting people who weren’t in the program who also placed. Interned with Stern kids and didn’t feel disadvantaged at all. Only thing is Stern name carries a lot more weight so you really need to get into RTWS to have a fighting shot or work thrice as hard. No PE/HF either, really just banks. Partied my ass off for 4 years and had a vibrant social life even while recruiting and never felt like I was in a toxic environment.
only thing i can add is the brown girls at rutgers are baddd asf
Second this. Go to Stern rn and don't even talk to that many NYU girls lol. Will commonly take the train to RU for parties/have RU girls over.
IU if you have family there already :)
Go to Stern over Rutgers, Stern is a hard target and Rutgers is a semi-target at best
Calling rutgers a semi-target is wild lol
Anyone that says Rutgers has no idea what they are talking about
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