Got into NYU, not Stern though
I applied to NYU and got in, but now I want to transfer into Stern for IBD. In order to do this, I need to take a semester of a writing class and a semester of Calculus. What are my chances? Should I also join clubs and such to boost my chances?
Don't go. Obscenely expensive school, no real campus, and even Stern kids have rough times competing for banking jobs, let alone the non-Stern kids.
^ This.
agree.
It is like this kid read my mind and started the post for me lol. Should I just go locally to Rutgers and save the extra money?
I was an NYU CAS student, worked in middle market banking and then lower middle market PE. It can be done. Just get good grades, good extracurriculars, and do internships while you're in school (summers and during the school year.) It takes work, but you can do it. NYU isn't for everyone, that's for sure, but I loved it.
So u think NYu CAS works for stepping into the finance field in the future correct?
seems like a lot of universities are scams these days, but i would have to say NYU UG takes the cake. Exorbitant costs with no upside. NYU seems to be 100% a for profit business even for a major university. I chuckle whenever I go near Washington Square Park and see UG students there walking around. a quarter of a million dollars to go to NYU? give me a break.
I go to NYU CAS and i got tons of interviews for banking jobs. My problem was my poor interviewing skills though, but it turned out well for me in the end regardless. Recruiting was excellent here, Wasserman is very good.
My perspective: if you want to get into finance/banking this is a fantastic school for it. BUT my college experience was definitely lacking, and it seems like it is for a lot of people here.
Here's what i recommend:
Major in econ with minors in math and business. Econ in CAS is super easy so you get a good gpa. the minors supplement the econ major to make you seem like you're actually smart and know some accounting, even though they're also easy to get. Far easier than double majoring with the econ + math, or cs. That would be dumb imo.
There are tons and tons of finance internships during the year. Apply to everything, start in PWM or something related to finance in any way, and you should be able to get something interesting after that. Something interested should lead to IBD internships. Since I recommend taking easier classes, that frees up time for internships.
It may not be best to transfer into stern since those classes are curved and much more competitive. Join the Stern investment clubs though, they're very good and take advantage of all the stern resources/networking there.
If you're smart about it, it shouldn't be too hard to get IBD from CAS. No one sees CAS vs Stern on the resume when you're looking through them. They're looking for worthwhile candidates on paper first, then it comes down to interviewing where everyone is equal anyways.
Also nyu has a pretty big network on the street. And i doubt stern alumni will care if a passionate CAS kid reaches out to them.
As to whether the cost is worth it, it depends on you. But if i were at any other school, I wouldn't be in finance today.
PM if you have any Q's. I'm just trying to defend CAS a bit. NYU definitely has its problems, but getting a job in finance isn't one of them.
I got into MM IBD from CAS. Agree with job.resume. It all comes down to the costs I think. I got a decent amount of aid from NYU so I was able to swing it.
Glad to hear success stories, props to you guys, but here's my take: could you have done all that at another decent school without paying $55k a year? Yeah, I think so.
To OP: When you're deciding on colleges, you don't decide in a vacuum. Are your parents ultra-wealthy? What other colleges are you choosing between? Are you 100% set on banking?
I'm a Middle Eastern Studies major in CAS and I've done one summer at a boutique in Equity Research and I am currently doing a part time, full year internship at J.P. Morgan also in ER. I am just a junior. I have no connection(s) on Wall Street, so just to show all the haters on this forum that it can be done.
My thing is that you have to network really, really hard. Make it your part time job while in school and start Freshmen year. (It's never too early to reach out through linkedin, cold emails, etc.) I was lucky enough that my father was good at saving up money, so he paid full tuition for NYU. I was choosing between UChicago, Cornell (significant scholarship), and NYU. I chose NYU over all those schools to stay close to home and be in NYC where I thought I could thrive.
I originally came into school premed, but decided I wasn't nerdy enough to sit by myself in the library all day and night learning stuff I would spill onto an exam paper and forget the next day. I made a conscious decision to major in Middle Eastern Studies because I wanted to learn a relevant language in Arabic, and also learn things that I would carry with me for a long time. I have a minor in Economics that I don't even write on my resume because I've learned so little from the 101 classes that I can't speak intelligently about it in an interview.
I would also suggest people coming from Humanities backgrounds to "bankify" their resume. You can do this by taking classes at the Investment Banking Institute, and also joining some clubs in Stern and garnering leadership positions. I had to give up all of my leadership positions when I started at JPM but you guys catch my drift. I think that having a humanities major makes you look unique and not like another stern robot. I hope this helps, and if anyone considering NYU wants to contact me, please feel free to do so. Because I was so focused with my major from the beginning, I am thinking about finishing undergrad in three years and doing a full time masters program for my fourth year at Columbia. You don't need to major in math/finance/something boring to be considered as intelligent in this world.
Furthermore, I would just like to say that you need to watch out for the advice that is given on this forum. I think that this website has some great information, but it also has some equally terrible information and it is difficult to sort it all out. Most of the people giving you advice (including the people in this very thread) are probably still in college and not out in the work force yet. Many are probably in high school, which is why forums are a double edged sword because you never know who is giving you advice. Anyways, if your finances straighten out, and you have the opportunity to come here, I would absolutely suggest you go.
No one said you did. However, not everyone thinks math or finance is boring. What you might think is boring others may like (and they may consider Middle Eastern Studies boring.
This is terribly ironic because you are telling OP to be wary of advice given on WSO, yet here you are in college, giving out advice on WSO.
Are you paying full sticker price for NYU? The best part of NYU is that OCR is open to all majors, not just Stern. Recently, I've seen CAS kids get JPM, MS and CS investment banking.
Few other schools have literally every division of these firms coming on campus to recruit.
I got a decent amount of aid from NYU. I am also considering an Econ major at CMU (Which is a joint degree from Tepper and the Humanities and Social Sciences) and UW (in which case I probably won't do banking)
Wait...CMU is significantly better than all of these other schools.
Yep, come chill in Pittsburgh
It's a far better school, but in no way does CMU place better than Stern.
I'll be brief:
i transferred from CAS->Stern so ask me about that if you're interested. there are about 30 or 40 ibd slots (BB+MM+boutique) for which there are about 500 applicants (Stern + non-Stern). it sounds hard but there's a formula and if you stick close to it you'll get an offer if not multiple offers. you wanna be in stern if you're going for banking, the non-Stern kids don't usually end up with too much good stuff
i'll be employed this summer so i'm not full of crap. msg me if you have specific questions.
New to WSO, currently applying to NYU stern school of business and definitely want to do finance. Any advice or "formula"?
I thought CMU wasn't as good for IBD?
Regardless if you starting in CAS or Stern you will need to take Calculus (unless you place out with AP scores) and Writing the Essay so that does not set you back in terms of requirements. Forewarning: transferring into Stern is not easy! Honestly, half the CAS Economics freshman class applies every year so competition is stiff because you have all taken the same class, generally speaking. When you apply to transfer the committee reviews your essay in addition to your academic record, so it would help if you got involved in some stern clubs (AIG, Finance Society, etc.) or joined one of the business frats (AKPsi or DSP) so you could speak to those experiences in your essay and how an interest in finance. Most Stern clubs, if not all, are open to non-Stern students as well so that would be your best way to stand out against other students applying for an internal transfer.
That being said you have to think about the situation on the off chance that you do not get into Stern. Do you see a path for yourself in CAS? Would you do Economics? Yes there are CAS Econ majors who end up in banking just as there are kids from Gallatin or LSP that end up there as well, but it is a handful of people with a great story. I just want to give you a realistic picture.
I actually decided to go to Stern over another school because my ACT scores did not meet the direct admission requirement for their business school and I would have had to apply for internal transfer after a year in the liberal arts school. It didn't make sense to me to make that gamble at a non-target when I was admitted into a better business school initially. Funny how college acceptances work out right? Not sure what your other options are, but hope this helps. Feel free to PM me if you have any more questions.
if you are interested to be a quant, then checkout NYU Courant institute. It seems to have good rep on the street. Also I know Stern has PhD in Statistics, but do they offer UG Statistics inside Stern? You can check it out
Is NYU (Not stern) a total non target? (Originally Posted: 05/27/2013)
Is it a bad choice to go to NYU other than stern for undergrad? It has to be ateast like a semi target right? :/
prob more opportunity than a nontarget though i doubt youll see many (if any) non-stern ppl go to the street, and youre bound to get a lot of people wondering why youre interested in finance but arent in stern. hard to say because there generally isnt much interest in high finance from non-stern NYU so its not like theres an established precedent that can be used to answer your question.
The only major in CAS that has mostly the same OCR opportunities as Stern kids is econ. A lot of econ kids will complain that they don't get any interviews, but that's mainly because they have no idea what they're doing. I've had a couple interviews through OCR as CAS econ, and aside from my GPA, I'm an incredibly weak candidate (I'm also a girl, which may have helped me).
If you're going to go to CAS, take some finance electives, show you're interested, get good grades, and network, and I think you'll do fine. The policy track is pretty easy, imo, so you can get a high GPA without the cutthroat atmosphere of Stern.
Stern provides more channels for networking, especially through club events. That being said, the Wasserman Career Development Center hosts tons of corporate visits during recruiting season, frequently attended by CAS students. CAS, imo, is grouped together with Stern to form NYU in the eyes of recruiters. The only catch is that most alumni are from Stern and it takes extra networking for a CAS kid to impress.
I wouldn't be too concerned with the whole target/non-target thing. As long as you are committed to networking proactively, anything is possible.
I broke in through CAS Econ. You're not really excluded from most of the networking events or any job postings, but it is harder to convince people that you're as strong as someone from Stern. If you do a lot of legwork outside of class preparing for interviews and getting up to speed on the industry, as well as work twice as hard at networking, I personally think you have just as good a chance as someone in Stern. That being said, there were a lot of econ kids that were pretty clueless.
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