Georgetown vs UNC Chapel Hill for undergrad business/economics

mrfrancis's picture
Rank: Chimp | 6

Hello all,

I am a new user of this site, a high school senior who is seriously interested in a career in the financial industry. I have a few questions for you guys, and I was hoping I could get some advice.
I have been accepted to Georgetown University's Mcdonough School of Business, and granted assured admission after my sophomore year to the Kenan-Flagler business school at UNC. Kenan Flagler is "ranked" higher by a few sources, but what is the industry opinion on the two schools? Money is not a factor in my decision.
No matter which school I choose, I will have to choose between an Economics major in the college, or a business/ finance major at the business school. Does this distinction even really matter? I would assume that a finance major would be more on the practical side of the material, but do I-Banks really view this as a large factor when hiring?
I am desperate for some help here, thanks in advance for any advice you guys and girls have to offer.

Region: 
United States - Northeast
United States - South

Comments (18)

Apr 25, 2012

Georgetown MSB is great for IB recruiting.

Apr 25, 2012

They are both great schools.

If cost is no object, Georgetown is a better school for IB recruiting.

If UNC is in-state and your parents are only millionaires, not multimillionaires, do them a favor and go in-state; just do yourself a favor too and demand that they spend the savings on long-term care insurance so you don't have to worry about them.

Apr 26, 2012
IlliniProgrammer:

do yourself a favor too and demand that they spend the savings on long-term care insurance so you don't have to worry about them.

Wish my parents would have thought about this. I'm only 23 and my parents' health is already declining. I'm leaving the state for grad school but already trying to figure out how I can get back here eventually when the time comes. Not fun to think about, but I owe it to them.

Apr 25, 2012

What region are you thinking about living in post-grad? I know it seems far away but if you like the Southeast/Charlotte especially UNC is going to be very strong. Georgetown will but UNC's network is much stronger in the SE than NYC, where Georgetown is strong.

What are your financial considerations?

Apr 26, 2012

Both are great schools. I would probably choose Georgetown though.

Apr 26, 2012

Georgetown > UNC

UNC recruiting is overhyped and both schools have excellent social scenes.

    • 1
Apr 26, 2012

if you can afford Georgetown, do it. I spent some time in NC and you're right, the lifestyle in Chapel Hill is great, but outside of the campus, there's not much to do, not a lot of bars, restaurants, etc. If I had the funds to afford Georgetown for college, I'd do it. Georgetown has a great social scene, is in a great area of DC, close to Baltimore, and I'd bet it has a better alumni network. if you get a great job out of undergrad, you won't need that money for b-school.

Apr 26, 2012

First off, congrats. Both are great schools and you're fortunate. While I would say Georgetown is a slightly better program, if you got a full ride to UNC, I would choose that hands down. Georgetown isn't all that much better and if you can walk away from undergrad with an extra $150k in your pocket you'll be much better off. Both will offer opportunities for IB and you'll be just fine. FWIW, I looked at the analysts at the bank I interned at (BB) and there were people from both UNC and Georgetown.

Apr 25, 2012

I would take Georgetown, as that will leave your options wide open. As SEC said, UNC is fantastic regionally, and not terribly difficult to get into NYC, but Georgetown is a great name regardless of where you are, and especially in NYC.

Apr 26, 2012

I would go with UNC Chapell Hill. It is the stronger school by a long shot.

USNews (MBA)

16th University of North Carolina, Chapel Hill (Kenan-Flagler)

22nd Georgetown

Forbes (MBA)

13th University of North Carolina, Chapel Hill (Kenan-Flagler)

41st Georgetown

Bloomberg Businessweek (MBA)

17th University of North Carolina, Chapel Hill (Kenan-Flagler)

26th Georgetown

USNews (Undergrad)

7th University of North Carolina, Chapel Hill (Kenan-Flagler)

20 Georgetown

Fortune (Undergrad)

9th University of North Carolina, Chapel Hill (Kenan-Flagler)

?? Georgetown

MBA Median Salary
University of North Carolina, Chapel Hill (Kenan-Flagler) : $145k (w/bonus)
Georgetown : $141k (w/bonus)

http://www.forbes.com/business-schools/list/#tab:rank

Apr 26, 2012

Goto the school that suits you best. Don't make the mistake of getting up with prestige and rankings. Choosing one over the other will not make you any better off than the alternative. The school that fits your needs the best is the one to goto.

Apr 25, 2012

Really tough decision - recruiting is better at GTown but social life is better at UNC (although it's a marginal difference for both variables). Visit both campuses to see which you prefer.

Apr 25, 2012
s2tn6at:

Really tough decision - recruiting is better at GTown but social life is better at UNC (although it's a marginal difference for both variables). Visit both campuses to see which you prefer.

You'll hardly be losing out on social life at Gtown.

http://www.youtube.com/watch?v=j68G-nP5rso

Apr 25, 2012

Thank you all. @ Illini, not millionaires , but my father's post 9/11 GI bill, which he is generously allowing me to use, will cover almost the entire cost of both schools. How do you guys feel about the Economics Vs Finance major choice?

Apr 25, 2012
mrfrancis:

Thank you all. @ Illini, not millionaires , but my father's post 9/11 GI bill, which he is generously allowing me to use, will cover almost the entire cost of both schools. How do you guys feel about the Economics Vs Finance major choice?

If you want to do Finance, major in Finance.

Apr 25, 2012
Comment