Help with College Decision (UM vs IU)

So I got into UMich LSA (rejected from Ross) and IU-Kelley. I have more friends at UMich and feel like I would enjoy it more. I consider myself a strong student (36 ACT 4.44 HS GPA), so I feel like I would fit better at UMich (not to knock IU, but the I feel like general perception of students at each school is that UMich is more difficult/smart). I plan on majoring in Economics and minoring in computer science (and hopefully business, but that’s another application and isn’t guaranteed). I hear the Kelley IBW is super competitive to get into and it’s basically the only shot at investment banks. For UMich, one of my friends is in one of the Ross clubs, and they said they’d help me with the club application/recruiting process. From what I’ve read, it doesn’t seem like there’s that large of a difference, but I figured I should ask here.

 

Applications were way up this year, so that was definitely a factor. Still kind of ridiculous though, because I know two people from my school who got in who IMO did not deserve it (I’ll admit bias in this area though lol)

 

I didn’t get into LSA with a 36 lol. Got into Stern tho.

 

I also applied to Harvard, Penn, Notre Dame, and Cornell Dyson. Waitlisted at Cornell and ND and rejected at Harvard and Penn. I feel like any other year I’d have a much better chance, but test optional and insane increases in number of applications screwed me over. I’m considering trying to transfer to Harvard or Penn, but it’s so close to impossible that I might not try. I’m leaning pretty heavily towards U of M.

 

Sorry to hear that dude. The process is always a bit of a mess, and it seems doubly so with COVID-related issues. Again, I would definitely take U of M, it's a great school. Harvard is pretty difficult to transfer into, as is Wharton (though neither are impossible); Penn CAS, Columbia, and Brown would be more doable if you're set on Ivy. Maybe throw in Dartmouth because why not.

 

If you’re thinking about transferring, I’d say go with Mich. You can still transfer into Ross your sophomore year (10-20% of Ross students are sophomore transfers). If not, for external transferring, Cornell, Penn SEAS, Georgetown, etc. is probably your best. Also, I think you’ll find that Mich Econ students get decent opportunities but it may not be in banking.

 
Most Helpful

You're not comparing the two equally. If you are trying to get into IB, being at UM with economics is going to be an uphill battle, just like it would be with a more relevant major at Kelley (without the IBW). Secondly, the IBW is not the only way to get into IB- I did it. 

Little known secret: many IU clubs and even some of the workshops are open to non-Kelley students or business minors. 

Feel free to message me with any questions! 

 

Animi beatae id tempore quaerat neque. Nihil modi porro eaque blanditiis. Eos incidunt molestiae a repudiandae qui nihil. Ratione ut ea harum velit. Rem id consectetur sed explicabo sunt qui ea.

Ex eligendi molestiae possimus ab atque aut. Est et reiciendis eveniet autem voluptate quaerat. Voluptatibus minus sint quisquam corporis. In qui expedita sed id mollitia.

Eveniet ut rerum illum asperiores iusto autem nam. Voluptatum dicta qui qui sed quos.

Repellat suscipit enim magnam accusamus rem cupiditate in. Repellat facilis iure accusantium omnis eaque accusamus rerum. Enim eum mollitia aspernatur ducimus possimus totam aut. Sit dignissimos porro vitae iure quia architecto. Earum quia nihil nisi. Ipsa voluptatem in placeat et. Mollitia sapiente eius odit molestiae ut molestiae aut.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”