Georgetown MSB or WashU Olin?
I have finished my first year of college, and have been accepted to both MSB and Olin as a transfer student. I am interested in finance and want to work in finance and need some advice. Though I originally thought I’d want to do IB (in which case I’m sure Gtown is a no brainer) I don’t think I still have this interest, and if possible I’d really like to double major in CS and gun for sellside algo trading or buy side quant research. Where would you guys recommend I go given my circumstances and interests? Any help would be really appreciated.
So I'm a current Georgetown senior who once really wanted to do quant work and now am happy with my summer S&T gig. Can't give the best comparative analysis as I don't know much about WashU, but will try my best.
Georgetown MSB and SFS both place well into traditional finance roles (think IB, S&T). I'd estimate that there's a meaningfully large delta here given factors like East Coast location; larger alum presence in the industry; slightly greater prestige; etc. Additionally, MSB culture highly stresses that students recruit like their lives depend on it, which translates into good results.
Landing a quant gig would be trickier. As you might know, if you're an MSB student, you can only pursue MSB majors -- you can only minor in CS at best. Based on the dozens of MSB people I know, the best route for you at Georgetown would likely be a Finance/Operations & Analytics double major with additional CS coursework layered on top of that. You might want to further investigate the "Operations & Analytics" major a bit more (see GU Bulletin) -- it's CS-intensive but I'm not sure that it's rigorous enough to mean something. A neat feature: Georgetown does have a group that competes in quant trading competitions.
Now, the comparison. Again, I'm pretty sure that Georgetown is better when it comes to IB, traditional S&T, research, etc. Ascertaining a delta between schools when it comes to quant stuff is trickier. My guess is that WashU, if it lets you double major in CS and finance, would provide more academic rigor in support of a quant position (e.g. you'd be able to put more advanced CS coursework on your resume). Yet I'm not necessarily sure if this would translate to meaningful differences in quant application success. Your chance of landing a buyside quant research role is very slim in both cases; sellside quant trading is easier, so maybe you think the WashU academic edge translates to a practically significant advantage there, but Georgetown has a better reputation among sellside firms in the first place. My honest opinion (when it comes to quant) is that no matter which school you pick, if your resume/GPA is solid, you'll likely get an interview/OA for these positions, after which your perfomance on that is what decides your fate.
If you want me to be honest, I'd pick Georgetown. Realistically, there's a not huge chance you end up wanting to go quant, and even if you do so -- which means enduring a bunch of pain-in-the-ass CS classes -- you (a) can still apply to SIG, JS, etc. at Georgetown and (b) at worst, go S&T and just pivot to a quant desk. Plus, you have a more solid alumni network and better chances at the rest of finance, where there are way more positions.
Even outside of that, you should be considering non-job-related factors, which I think swing definitively our way. Georgetown is one of the nicest neighborhoods in America and DC is much nicer than St. Louis (a shithole). There are tons of cool speakers, opportunities, and alumni connections here that I don't think other schools outside of HYPSM can offer. I have plenty criticism of Georgetown but even now I'd choose it over Penn, Dartmouth, maybe even Princeton. Of course, the WashU food and housing will be 100x better, but they only put so much money into it because the school has no other comparative advantages to exploit...
Edit: feel free to ask me about anything
Hi, I'm not OP but I'm an incoming freshman at Georgetown. Would you be willing to answer a few questions about Georgetown's finance clubs and recruitment scene in pms?
Yeah totally
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