Does Michigan-Ross bba really place THIS well? Employment survey seems too good
Each BBA class has 500-600 kids. According to their most recent grad survey, nearly 60% of the class goes to Finance or Strategy Consulting – basically $100K gigs for anyone who wants one? That's REALLY good, isn't it? If legit, outside of HYPS and Wharton, any reason to attend a harder, less fun school?
Finance: 42.1% of class
mean: $78,000 + annual bonus + up to $10,000 signing
Strategy Consulting: 14.9% of class
mean: $75,000 + annual bonus + up to $5,000 signing
Finance breakdown:
Asset Management 10.3%
Corporate Finance 7.2%
General Finance 1.3%
Investment Banking 16.9%
Private Equity/Venture Capital 2.3%
Sales/Trading 4.1%
Source: https://michiganross.umich.edu/programs/bba/careers/employment-data
What “harder, less fun schools” do you think people are attending over Ross?
And none of those schools have the feel of Ann Arbor, social scene or rich athletic history.
Yes, OP, Michigan Ross BBA is that good. I believe it hit #4 or #5 in the latest rankings.
What are Ross's downsides? It's pretty sratty/fratty isn't it?
Living in Ann Arbor
Monkey shit? For facts?
Wouldn’t the financial aid from all those schools be more generous to out of state kids?
.
Nearly 1 in 4 of the class goes IB/S&T? I find that hard to believe. What are the specific placements this most recent year?
It's nearly 1/4 of those pursuing finance yes.
No, not 1/4 of those pursuing finance; it's one fourth of the graduating class really (more 1/5). All the finance breakdown percentages in the OP add to the total 42 percent that are pursuing finance. Of the graduating class 42 pursue finance, more specifically 16.9 percent pursue IB, and 4.1 percent pursue S&t, meaning roughly 20 percent of graduates are in one of these careers
The numbers above are all from 2017, the most recent data set offered by UofM. Specific numbers include:
31 Full time to JPM/MS/GS 42 full time to Big 4 18 full time to MBB 20 full time to Google/Amazon/IBM/Microsoft
and a lot more to other BBs, EBs, and F500 firms. As a student, I know personally that it has really good ocr and alumni relations with a bunch of other great firms not listed in the source linked below (specifically Moelis, Evercore, and Apollo). Don't be deceived into thinking it's an easy road in comparison to getting into H/Y/P/W and other top targets, because the preadmit admission rate was only 12 percent this year, and probably sub 5 percent if you applied out of state, with that number only dropping if you are male, or asian.
That being said, a lot of people who've never attended an ivy league like to shit on them for having a shit social scene, which is pretty retarded if you know anything about the college admissions process. Ivy league schools SPECIFICALLY try to find and select students they believe to be exceptionally personable (which is why essays are so important) once you cross their academic threshold. Harvard's adcom office doesn't give a shit about the difference between a 33 and 36; knowing both are already in the 99th percentile of testers, they'd much rather have the student they feel is the more unique and interesting person. Conversely, you know who does care about the difference between a 33 and a 36? Top public schools who don't have the time to read through tens as many applications as ivies, and use test scores and GPA as cheap filters to weed out kids on the lower statistical end. You're MUCH more likely to find an impersonal, antisocial, study focused smart kid in a tough program/major at UCLA/UCB/UMich than any ivy, because they were smart enough, but not personable enough, to make the cut.
Source (page 9 under BBA columns): https://michiganross.umich.edu/sites/default/files/uploads/Community/pd…
It's not that hard to believe. It's good, but not spectacular at all. Below I found a link to UVA's placement, they sent 33% to IB (didn't break out S&T, maybe S&T is included there).
I worked at two banks, plenty of Ross people there. It's a core school. I do notice their grads have a weird chip on their shoulder about always promoting the school, as though it's better than the other core schools. Reveals a lot.
The truth is, it's on par with the other top programs in terms of getting your foot in the door. You'll get the same interviews you would've gotten at an Ivy or the other undergrad b-schools like Wharton and UVA.
I think the insecurity comes from the fact that Univ of Michigan broadly is a much easier school to get into than those other places, even though Ross itself is hard. So they're insecure about the UM brand compared to say a Harvard/Yale brand.
There's nothing unusual about 42% in "finance". "Finance" is one of those broad weasel words that school placement offices and low-level finance employees use to cloud reality. See for example the episode of the Office where Michael Scott tells a girl he is a bank teller because he was told girls like guys who work in finance.
The IB number is much more telling, because IB is a competitive area at all the top schools. 17% is good but not great. For comparision, UVA is 33% https://www.commerce.virginia.edu/sites/default/files/CCS-Documents/Des…
Finance at 42.1% isn't that surprising. Of the breakdown you listed I would say almost all of them (aside from VC / PE) are all data points that can be misleading... It probably encompasses a lot of different roles. (I can see ST including MO desk support roles. IB can also include MO controller support roles. You can tell by the salary averages. If every individual in that 42.1% of the class was landing FO High Finance / IB roles the mean salary would probably be 10-15% higher.
Good point. Seems like the school placement offices just don't want to serve up the real stuff. I would argue even VC/PE can be misleading for a student trying to gauge the school's placement success. A direct undergrad hire into a PE role ordinarily designed for post-IB analysts is certainly a win. But my understanding is that there are very few of those. Some of these so-called PE/VC jobs could be jobs that are less coveted than IB.
Yeah. My main point was that aside from PE Mega Funds the odds that a smaller MM PE shop has a MO infrastructure built out to a scale similar to JPM / Goldman / FAANG is quite low. By default I'd assume that a greater % of the PE / VC claims are closer to Front Office (though it is still only 2% which makes sense considering how competitive post MBA PE is).
Looks like McIntire's great placement is making you uncomfortable.
I can guarantee you that MO and S&T divisions don't even bother coming to McIntire since the demand for them from the advisory / FO roles is overwhelming high. The median base salary for McIntire's IB data is $85k, which is street standard. You're only misleading yourself here buddy.
You must really suck at reading the room. Not in UG and not applying to B-school anytime soon so I'm not sure how their placement is making me "uncomfortable" or how that came across in any of my posts...
Listen they may have great OCR and if that's the case more power to them... I was just pointing out one possible means by which the data could be a bit misrepresentative of the program.
I was also only using the data provided in the post. 85k base is coming out of UG as a 1st year at an investment bank. A post MBA hire / experienced hire / associate should be making well over that so my "Mean salary low relative to what would be expected" stands at even your 85k mean claim. Furthermore, if the school is no joke to get into and the recruiting is great as you say then why is their median graduate salary 85k whereas Wharton's is 130k as per their website? (Harvard Financial Services = 150k, Kellog Finance = 125k, lol even Penn State's Median Base Salary is 105k + 20k sign on).
Don't get all emotional buddy...
Ross median for finance is $85k too. OP posted mean. Ross claims 42% of each class goes into finance with an $85k median. Is McIntire really superior? (I am genuinely asking.) I figured they were both peers.
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