UT Austin McCombs (full ride) VS NYU Stern VS UMICH Ross for investment banking

Hello, I'm currently a high school senior and have been accepted to NYU Stern, UT McCombs, and UMICH Ross, I plan to major in finance and my objective is to break into investment banking or if possible PE. All three options are well placed on the US News undergraduate business schools rank and place consistently on IB, I know NYU is a clear winner in terms of IB placement. In terms of costs, NYU is difficult for my family and for me in the short term to get into around 40k per year of student loans (after scholarships and fin aid), UMICH Ross (around 30k/year, I'm out of state), while UT McCombs offers me a full ride without any college debt. I'm currently shifting to UT due to the full ride in costs, however, I want to know if 160k more in debt will equate to the prestige of Stern and 120k more would equate to the prestige of Ross in order to make a well-advised decision.

7 Comments
 
Most Helpful

Obviously biased as a McCombs guy but for the money, go to UT.

ONLY if you're confident that you can be in the top 10% of everything you do here. In that case, I'd guarantee you can get a spot at a bank where McCombs sends students. However, if you can't be top 10% and get into the programs that facilitate IB recruiting, you'll have a much more difficult time. Feel free to PM me if you want to talk McCombs. 

 

id prob cross out NYU, not as fun as umich and ut. i guess it comes down to will you be able to pay those loans back if you dont break into IB, if your family in a good position to help you etc etc. id probably go to UMich, 30k a year seems like a drop in the bucket for future earnings but if loans seem scary than just take UT, great school and you will do fine if you can excel

 

Umich is an incredibly underrated school for ib recruiting. I have met many alumni across various investment banks and this year during oncycle interviews at MFs. A quick LinkedIn search shows people at some of the best Pe firms. With some joining straight out of college. I think Umich is an easy choice here. UTA does not have the same pipeline to nyc.

 

UT Austin. Hands down. I did college in NYC and regret it, I mean I got the job I wanted but 0 college fun. NYC will always be here and by going to UT Austin there is on-campus recruiting so you can easily get those BB internships while also enjoying your life in the Texan weather.

Go ahead and JUMP!
 

Adipisci nobis minus eum vel qui eius voluptates unde. Modi ad veniam natus atque qui debitis. Provident illum aut nihil aperiam quae. Placeat vel et omnis voluptates autem voluptates ea. Voluptas et vel aliquam aspernatur et.

Et suscipit at perferendis non fugiat sit. Nam id eligendi consequatur omnis eos. Omnis et numquam vel et. Reiciendis impedit fuga consequatur. Consequuntur et sapiente hic illum.

Sint tempora saepe veniam consequatur nulla et. Dolores suscipit consequatur est. Illo quos voluptas eligendi ad eaque qui.

Porro ut delectus dignissimos iusto quibusdam quis. Dolores velit velit odit sed aut quisquam. Quod molestiae eveniet nesciunt ratione sint. Ullam et quam et sit blanditiis cum voluptatem. Quia nobis est facere repellat fugiat.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”