Which undergrad school for finance: IU Kelley (23k/yr), UF (free), Penn State (free), UIUC (30k/yr), UMD (free)
Parents can cover around 30k/40k of tuiton per year at any given school (used 30k a year for a more conservative estimate). Does it really matter which undergrad I pick given all of them are basically non-target schools? I like UF the most by far out of all my options.
Based on the most helpful WSO content, if you're leaning towards finance and considering non-target schools, the decision should weigh heavily on cost, personal preference, and the resources available at each school. Here's what you need to know:
Cost Considerations: Free tuition at UF, Penn State, and UMD is a significant advantage. Taking on minimal or no debt for undergrad allows you to save resources for potential MBA programs or other future investments. As one WSO thread highlights, "Free school is good school," especially when the alternative involves significant debt.
Specialized Programs: Some non-target schools have standout finance or investment banking programs that can help bridge the gap to Wall Street. For example, IU Kelley is known for its strong finance program and alumni network, particularly through its Investment Banking Workshop. If you're considering IU Kelley, the $23k/year cost might be justified by the program's reputation and placement record.
Alumni Networks and Placement: While all the schools listed are generally considered non-targets, some may have stronger alumni networks in finance. Research the placement records of each school, particularly in investment banking or other finance roles. For instance, Kelley has a more established presence in finance compared to UF or Penn State.
Personal Fit: Since you like UF the most, this is an important factor. Enjoying your college experience can lead to better academic performance and more motivation to network and pursue internships. Additionally, UF's free tuition and the ability to focus on building skills without financial stress make it a compelling choice.
Effort and Strategy Matter: As highlighted in WSO discussions, "The cream will rise to the top no matter where you go to undergrad." If you're willing to put in the work—networking, maintaining a high GPA, and securing internships—you can succeed from any of these schools.
Recommendation:
Given your preference for UF, its free tuition, and the fact that all your options are non-target schools, UF seems like the best choice. It minimizes financial burden while allowing you to focus on academics and networking. However, if you're particularly drawn to IU Kelley’s finance program and can justify the additional cost, it could be worth considering.
Sources: The Myth of the "Target School", The Case for Choosing a Non-Target, The Case for Choosing a Non-Target
Look up UF’s MSF program/ it’s not a traditional MSF but you do it alongside your bachelors and graduate in 4 years.
Also, if you want clarity into the placements look up the club GSIF. They tend to place the best and sent 5 to evercore this year.
So i wouldn’t be doing myself a disservice by picking UF > Kelley? Don’t like the vibes of Kelley very much and don’t think i’d like it there.
Not a disservice at all..
Look up at/flgsif on instagram and you can see the placements for class of 2028.
Pretty impressive for a “non target”
You think kelley would be better tho? Honestly i’m fine with going wherever and really want to max out on opportunities. Open to transferring too.
UF is much better
UF
Care to elaborate?
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