What is the reputation of University of Miami on the street?

Current senior in highschool accepted into Herbert business school for finance. I am seriously looking at UM for finance but I am seeming to get mixed responses on its job placement in IB and AM on here. I know of the bermont-carlin and target canes programs but I am curious as to each’s probability of obtaining internships and if so where. Also, what would it take to get a position at a one of these companies? For a student trying to place at a BB or elite boutique how is UM ?

 
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Like many schools of this tier, the opportunity is there but you have to work for it. There will be decent recruiting for Miami-area AM opportunities as well as things like PWM, private banking, real estate... there is next to no IB in FL so you are pounding the pavement trying to network for NYC. Citi loves UM and takes a ton of kids. Few banks are coming to you with IB recruiting on a silver platter, but if you network, keep your grades up, find some internships (not too hard in a finance-heavy city like Miami) and get involved at school you will have every opportunity to do IB.

The other half of this is what other schools you got into and if price is a factor - as UMiami is very expensive as well as an expensive city to live for 4 years

 

I went there a few years back, happy to provide some insight -- 

Bermont-Carlin and TC are fantastic, I'd say 90-95% of kids in BC program got summer internships at BB, EB, or MMs. It's definitely a self-selecting group, but the network is great. I got 2 BB superdays and 2 MM superdays just through the network. One popular route I see is: Fresh/soph year PWM part-time internship in Miami family office (there's tons), and then leverage that for junior year IB gig. 

PS the grade inflation here is awesome. Take advantage of it. Half our business school consists of rich spoiled prep school kids who are trading crypto on their dad's yacht instead of attending class. That 3.9/4.0 on your resume is gonna look great. 

 

No problem, happy to help.

Program seems to get more and more competitive each year, but usually the profile I see is: 3.7+ GPA, does lots of networking, good presentation skills, and good extracurricular involvement. In that order. The acceptance rate is now sitting around ~30-40%, but if you tick the above boxes your odds are very high. Anything below a 3.5 gets you dinged. 

Also, forgot to add earlier but -- unless you have rich parents, do not spend a full $80k/yr on this school. If your cost of attenance is <$30-40k/yr (UM is very generous with scholarships fyi), then this school is worth the ROI in my opinion. If it's ~$5-10k more than your in-state flagship (not Michigan/Berkeley/UVA but more so your OSUs and UFs and Colorados of the world), then it's still worth it IMO. But anything above that is a death wish. Decetly nice off-campus apartments here start at $2k/month btw, so keep that in mind. Best of luck with everything! 

 

As it relates to UM, I’ve seen a decent amount of kids break into banking especially into Citi / BAML. However, IMO unless you get a full ride I would consider FIU if you’re focused on staying in Miami.

I personally went to FIU and was able to break into a BB / have seen others recently get offers at EBs / BBs.

If you’re considering all Florida schools, UF is probably the best to pipeline into IB. Their MSF in 4 years path usually gets looks from Evercore

 

Hi there, I was surprised to see something about FIU on here and that you were able to break into a BB and hear of others do the same or EB. I want to go to school in Miami but can’t afford UM and was under the impression that FIU was a bad school and would be essentially impossible to find any placement in IB with a degree from there. Is there any way I could network or contact you and hear more about this and if it is possible because if so that would almost guarantee me attending FIU. Thanks

 

From what I've gathered, it's about as competitive as your average state school (OSU, ASU, Indiana etc.) where opportunities are there but they require some work.

Speaking personally from my AM group, and others I've met at the firm I interned with, pretty much every UM kid I saw was a rich kid - probably because it's a rich kid school. Most of them where able to use a lot of family leverage to get really good opportunities for their resumes or easy network footing. Just be weary that the numbers may fool you in that sense. 

As long as you work for it the opportunities will be there at UM. 

 

UM senior here, in the last two years we placed in IB at the following firms:

Centerview

Goldman Sachs

DB 2x

JPM

Evernote 2x

BofA 3x

Piper Sandler

Guggenheim

William Blair

CS

RJ 3x

WF

Barclays

BNP 2x

JMP 2x

Solomon 2x

FT Partners 3x

Citi

Cambridge Wilkerson

Nomura

Lincoln International

Cantor Fitzgerald

In my own experience the alumni is very eager to help out students get placed and prep. Students at the school are driven and help each other out as well. The school is improved a lot over the last few years and it’s very easy to place in IB.

Lots of placement in S&T, WM, and AM as well at top firms.

UM is also a great time. Good weather. Hot girls. Insane culture and top clubs in world. An alumni once told me before I came to UM that you can party for four years having the time of your life and place in IB after easily, and I totally agree. UM is a move.

 

Agreed. At the end of the day you get out what you put in. Kids who are serious about IB have no issue getting offers. The last few years have been great placement wise for UM, the young alumni base is extremely successful in IB. To OP: If you get down here you will have no issue getting into IB if you put in the work. The schools placement office is always helping students and sending out internship information. Miami is a large city so frosh/soph year internships are easy to come by whether it be during the school year or over the summer. Get a good GPA, network well, and put in effort for recruiting and you will be chilling. People fuss about non targets, literally just apply yourself and you will be fine. I received help from the juniors who recruited before me, and I in turn have been helping current sophomores. As the comment above said, the community actually helps each other a ton.  This summer kids are going to CVP, GS, EVR, Gugg etc... clearly isn't impossible.

Hope this was helpful, Go Canes.

 

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