Georgetown ($$) vs IU Kelley (Free) vs ND ($$) vs Ross ($$$$)

Current high school senior here trying to get opinions on where I should go for undergrad. Looking to start in IB post-grad and eventually pursue entrepreneurship down the line. All decisions are out and my options are 

Georgetown (98k in debt)

IU Kelley (Complete Full Ride)

Notre Dame (100k in debt)

Michigan Ross (215k in debt)

Georgetown is where I really wanna go but don't know if I can justify the cost over choosing IU. The scholarship program I'm in at IU is a class of 5 this year and from current students, it's clear that good opportunities come to them. I sent a letter to Georgetown's FinAid office and currently waiting to hear back. Ross is basically off my list and Notre Dame isn't bad per se but I like Georgetown better. Would love to get outside opinions. I asked this in a different forum and it was basically a tossup so I'm coming here. 

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Comments (42)

Apr 6, 2021 - 11:26pm

You have your answer. Take the full ride. Debt is the last thing you want coming out of college. 

  • 1
  • Analyst 1 in S&T - Equities
Apr 6, 2021 - 11:31pm

This is going to get downvoted a bunch for some reason, but if you're hellbent on IB and moreover you like Georgetown a lot I would go there. 

  • Prospect in IB-M&A
Apr 6, 2021 - 11:46pm

Sounds like this comes down to Georgetown vs. IU. Just go with the one you fit at best. 98k is nothing to cough at, but you were smart enough to get into Georgetown, I'm sure you can break into a high-paying job afterward. If it's too much to handle, I'm sure you'll do well at Kelley given that the class of 5 full-ride puts you a cut above the rest of the class.

Go with your gut here.

  • Intern in IB - Gen
Apr 6, 2021 - 11:51pm

I did community college to another non target state school and graduated debt free and highly, highly recommend it. you'll get the same job from kelley IBW as you would georgetown. GT is obviously a better school and brand, but 100k is a big number and i don't think the marginal benefit would be worth it especially considering how well kelley places. 

  • Analyst 2 in IB - Gen
Apr 6, 2021 - 11:54pm

Your decision here should really be IU vs. Georgetown. I would take Kelley. Yes, the other schools generally have better IB placement, but if you're driven and a top student, you can break into the top IB groups from Kelley as well. I see this every year. Fewer numbers but good students there still do it every year.

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  • Prospect in IB - Gen
Apr 7, 2021 - 9:17am

Georgetown here without a doubt. Unless you really want to stay in the midwest after graduation

  • Prospect in IB-M&A
Apr 7, 2021 - 9:28am

Your undergrad doesn't just help you get your first job out of school, it helps define your decades long career. 100k is a lot but not much in the grand scheme of things. I would strongly recommend Georgetown.

  • Associate 2 in PE - Other
Apr 7, 2021 - 11:23am

This. Your school will provide you with your main network and it'll be part of your branding for the rest of your life (you can offset it with great experience and an MBA later on down the line, but it'll always be there). This isn't a $100K lambo that's going to be worthless within a couple years. 

If it gives you comfort, I saved up enough to pay down your debt amount within my two analyst years and comp has only gone up since then.

  • Analyst 1 in IB - Ind
Apr 7, 2021 - 10:45am

ND student here and unless you are dying to work in Chicago I think you have to take Georgetown. My grandpa chose the University of New Mexico on a full ride over paying full tuition at Harvard and says its his biggest regret in life. Take G-town but at the end of the day you can't go wrong with any of those schools so congrats. 

Also, who knows, maybe that debt will be forgiven anyways with the way American politics are headed.

  • VP in PE - Other
Apr 7, 2021 - 11:17am

ND alum here. In my opinion, it would come down to ND vs. Georgetown. In my unbiased opinion, I think Georgetown places a little bit better than ND for IB. Plus you said you enjoyed Georgetown the most - I'd go with your heart. $100k is nothing to sneeze at, but in the grand scheme of things it is manageable. I think $100k is worth going to the school you'd enjoy the most especially if you stay within a high-paying career like IB, PE, etc.

  • Analyst 1 in S&T - Equities
Apr 7, 2021 - 1:06pm

Georgetown is 100% worth $100k. Expecting downvotes here, but it places better than the other schools in IB (it does, objectively), the alum network is stronger, better brand name. That is worth $100k. Please go to Georgetown. 

  • Analyst 1 in S&T - Equities
Apr 7, 2021 - 1:08pm

La  

there is usually a lot of mental gymnastics when this photo is posted about why it is inaccurate etc etc, but this should tell you most of what you need to know if you're interested in IB.

  • Analyst 1 in S&T - Equities
Apr 7, 2021 - 1:21pm

Wrong in what way? Not being sarcastic, just explain...if all the data was pulled the same way (apples to apples) then the same errors would occur with each, which probably still makes it relevant.

Do you really feel like it's completely off? If that's your sentiment then it is you who is wrong. 

  • Prospect in IB-M&A
Apr 7, 2021 - 1:26pm

Well, for starters, it argues that Michigan is better than Harvard, Yale, and Princeton. It also says that IU Kelley is better than Brown and Stanford.

  • Analyst 1 in S&T - Equities
Apr 7, 2021 - 1:27pm

Good lord. Who said "better?" It's relevant to IB, not school ranking. It doesn't argue anything - Michigan sends more to IB than Stanford. It doesn't mean it's a "better" school. 

Apr 7, 2021 - 1:28pm

OP your decision should be between IU and Gtown. Both are great options. Question is Gtown worth the 100k of debt? That's 2.5-3 yrs of debt payments once you land a job if your aggressive in paying it down.

Your in a pickle because Gtown is a great school has a prestigious reputation....but its not that prestigious. The Bschool ranks below 20. Had the decision been between IU and Duke, much easier decision. Gtown is on that boundry line where its like "yeah its prestigious but maybe not 100k prestigious" kind of thing. Gtown is a great school but also not really. There is a bit of hallowness there. I dont know if Gtown or Gtown MBA is that good to justify 100k but I cannot answer that for you. Tough decision to make. Gtown is the poorest of the top schools, smallest endowment. Great school that is considered to be prestigious but...maybe not 100k prestigious. That's a decision for you to make.

  • Analyst 1 in S&T - Equities
Apr 7, 2021 - 1:33pm

Why would you aggressively pay down subsidized ~3-4% debt lmao? S&P returns 7% annually. How old are you? Georgetown is a T25 school, IU is like 70 something. What is this conversation even about?

Apr 7, 2021 - 2:44pm

Whether your agressive in paying it down or not is not important. What's discretionary income after taxes, and living expenses for a median MBA salary job? 50k for taxes, 50k for living expenses and food. So your left with with 50k. That's 2 years of no discretionary income.

  • Manager in CorpDev
Apr 7, 2021 - 2:38pm

I personally would lean IU over G'town, but it's close enough that it should come down to where you are most comfortable. I faced a similar decision (USNWR ranks of ~75 vs ~25), and chose the lower ranked state school, and I would make the same choice again. There is no "wrong" decision here - both are great options. If you do as well at Indiana as you did in high school, you will be able to get the same IB offers that would be open to you from Georgetown. 

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