Haas or Stern MBA for IM Job?

Raz'alghul's picture
Rank: Monkey | banana points 31

Got into both schools and am interested in Investment Management jobs post-MBA (already have sell side and corp dev experience). For personal reasons, would prefer the east coast after school (family/relationship) but wouldn't mind being out west for a bit. Been talking to folks at both schools and seems like I'll get looks at IM gigs at both but NYC advantage could give me more options/shots at goal. Would love to hear some thoughts from folks who went to either or that work in IM today.

Know Stern gets a rough rep for IM on this forum historically but seemed like students get plenty of interview which is really all you can ask from an MBA OCR right?

Comments (22)

Best Response
Apr 16, 2018

Not to perpetuate that Stern stereotype, but according to their most recent employment report less than 2% of the class went into IM. Haas doesn't go into enough detail in their employment report to gain any insights within finance, but they certainly aren't known for IM. If those are your only two options, I'd go with Stern due to your location preference, their stronger brand name in the world of finance in general, and the fact that you'll be able to network like crazy if you're in NYC, so you'd be more likely to find success even outside of OCR.

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Apr 16, 2018

I've looked at the employment reports for both going back a few years. Haas stopped breaking it out after 2011 but at the time had 6% going to IM. Talking to students at Stern it sounded like there wasn't a ton of interest in IM (actually that seemed true at both schools).

Also looked that way if you compare internships in IM vs. FT offers in IM at Stern. As a % of class, more students took IM internships than accepted IM FT offers at Stern. I feel like this points to a lack of interest because it's much harder to get an internship than a FT offer (maybe that's a wrong assumption?).

I think Stern may be better for IM but I'm worried that students might be better/of a higher caliber at Haas and if I can do IM on the east coast from Haas, should I just go to Haas? It is higher ranked though I'm trying to leave the elusive prestige factor out of my decision criteria/framework.

Apr 16, 2018

Haas is borderline at the same level as Tuck and Columbia; Stern is definitely in the next tier. Some would argue Haas is also in that same tier.

There's absolutely a NYC advantage when it comes to hedge funds, but I'm doubtful it's still the case for large long-only shops.

Apr 16, 2018

So what would you advise here? Haas or Stern? You think there is a shot at Stern for IM?

Apr 16, 2018

I advise against cheap parlor tricks to conceal your true identity, Ras...

Overall I'd lean towards Haas. If it would kill you to NOT be in NYC, the delta probably isn't large enough to make the trade, but if you're not dead-set on NYC, then yeah, I would lean Haas.

But you're the one in the driver's seat. I would check up on the OCR from large IM firms.

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Apr 16, 2018

I agree that in the greater business world, Haas is ranked higher and generally considered to be in a higher "tier." However, I still think that Stern has a stronger reputation within finance, especially in NYC. Haas wins on just about everything else. So as long as you are 100% set on working in finance in NYC, I think Stern is the better option.

Apr 16, 2018

Hi - "finance" is a broad field. Best to segment it.

Stern is undoubtedly better than Haas for IBD, full stop, and incomparably better in NYC. Arguably top 5 for that.

I don't see any evidence that it's better for other parts of finance.

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Apr 16, 2018

Haas

Apr 16, 2018

Why Haas?

Apr 16, 2018

better overall school/brand. haas is a tier above stern.