Is NYU Stern really worth it?

hayman's picture
Rank: Monkey | 38

Hi monkeys,

I am a current high school senior who is 100% deadset on going into finance. I applied Early Decision 1 to Wharton at UPenn, and I will find out if I am going to be rejected this Friday. My stats are decent (1580 SAT, 3.9 UW GPA), but I really do not have any exceptional extracurriculars/hooks/underrepresented minority status etc. My question to you all is if I am rejected from Wharton, should I apply to NYU Stern using Early Decision 2? If I got accepted ED2 to Stern, I would be required to go, and I would also not see which other colleges I could get into. I come from a lower class background (raised by single mother, she makes $35k a year), and am concerned that NYU will not give me a high enough financial aid package.

Is NYU Stern really the real deal? Should I risk having to go into a decent amount of debt so I can have a shot at securing my dream FO position?

Thanks for your advice!

Comments (69)

Dec 3, 2017

FWIW most of the Stern people I know are insufferable

Dec 5, 2017

I go to the wealthiest public high school in the state; I'm used to being around trust fund kids lol

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Dec 5, 2017

I don't think trust fund kids at NYU knows what "public school" means

Dec 5, 2017

Update: rejected from Wharton :(

I think I'll probably just apply regular decision for the rest of the schools on my list.

Dec 3, 2017

Why don't you go to a flagship public school like U Mich or something? Their placement on Wall St on par if not better than Stern.

Or a top Liberal Arts college like Williams or Amherst - they place well on Wall St and are quite generous with Financial Aid.

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Dec 5, 2017

I applied to Mich, hopefully I get into Ross. Would placement from Williams or Amherst really be better than NYU Stern though? Are those schools considered Targets for finance?

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Dec 4, 2017

Did you apply to Dartmouth? They have nice winter internship and great placement.

Dec 16, 2017

Bro, there are like 3 posts per week on this same topic. Take a gander:

https://www.wallstreetoasis.com/search/site/Stern%...

Dec 16, 2017

PM me ASAP. I was in your exact position 2 years ago with those exact two schools.

Dec 3, 2017

No, NYU is not worth a 70K price tag (tuition + rent) and the costs of living in New York, forget about the cost to attend school.

NESCAC school's http://www.nescac.com/about/members place just as well.

What concert costs 45 cents? 50 Cent feat. Nickelback.

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Dec 5, 2017

I'm probably applying to Amherst and Midd as well

Dec 16, 2017

100k in NYC and I'm sure you're flat sharing... It's a shame to work so many hours and pull that money.

I think it worths.

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Dec 16, 2017
BobCraigfield:

100k in NYC and I'm sure you're flat sharing... It's a shame to work so many hours and pull that money.

I think it worths.

Aren't you an undergrad student? Go back to asking stupid questions about six figure careers you muppet

OP, I know several very successful buddies on the buyside with their NYU PT MBAs. However they weren't career switchers, just checking a box. It would be worth it to reach out to anyone in your network with the degree to see how recruiting is out of the PT program.

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Dec 16, 2017

I've seen it have good outcomes to accelerate careers, if you want to switch, go FT. If you don't think you have the stats for NYU, a top 15-25 MBA would still probably be a better choice, what are your stats? Also PE will be tough out of a non M7 program especially without prior IB/PE.

Dec 16, 2017

I'm 25; Wustl undergrad with a 3.4 in econ. Senior Analyst in a global FP&A team at a BB (so some network there internally). Did a f500 FLDP stint before this at another company. GMAT I took as a senior in ugrad and got a 690 with 99% in verbal and about 65% in quant (would be open to retake). Confident I can get great recs.

My issue, though, is I really rather not give up an extra 200k in opportunity cost to go FT. I'd much rather go PT if it would provide me the opportunity to switch to IB. And maybe I'm assuming incorrectly but that my background and role has been good enough to get bites for interviews with the mba. I also legit like working and hated school. And rather keep this structure if possible.

I appreciate the insight either way. Just looking for guidance.

Dec 16, 2017

Based on what you want to do, it makes no sense to go to a part time program. NYU FT could get you IB. As it stands now you're competitive for T15 B schools, this is your last shot to rebrand and even though you're concerned about 200K in opportunity cost, what's the value of landing IB vs missing your shot at it? Retake the GMAT, a 730 will make you much more competitive. If you're very cost sensitive apply broadly and see about scholarships.

Dec 16, 2017

Sounds like you've gotten a great start to your career, why rock the boat? If you're on the right track, I'd stick with it. Same here, buyside trader looking to add to my resume but CFA doesn't interest me. NYU PT might be the best option.

Dec 16, 2017
Whgm45:

Sounds like you've gotten a great start to your career, why rock the boat? If you're on the right track, I'd stick with it. Same here, buyside trader looking to add to my resume but CFA doesn't interest me. NYU PT might be the best option.

It's twofold. One, and most importantly, I don't find this type of work particularly challenging or interesting. And i'm not sure it gets more challenging or interesting as you move up the ladder. Where I imagine in the other areas i've mentioned this is more true. I know we all go through the shit work as analysts but i'm not exactly seeing the light at the end of the tunnel. Secondly, the ceiling is obviously a lot lower in my career trajectory now than otherwise. The head VPs and MDs in my group (and those like it) are pulling in 500k-1m but that's few people and obviously are at a level that would be making several times that in a revenue producing group.

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Dec 3, 2017

Also applying this year. The top schools I have applied to are (in order of preference ):
Harvard (SCEA)
Yale
Penn
Dartmouth
Brown

Applying to Stern also but it is quite further down on my list even though I am pretty much set on IB after college. I wouldn't trade any of my top choices for Stern. I wanna have a strong well-rounded overall undergrad experience too, and I think the ivies are just more prestigious and still offer top recruiting opps without being crazy cutthroat and full of automatons like Stern. I haven't heard great things about Stern. Plus NYU financial aid apparently sucks. I d say with your stats you would have a shot at another ivy even if you got rejected from Penn. Even Cornell would be better than Stern imo.

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Best Response
Dec 3, 2017

bro I admire the ambition but it might be way too early to have your goals "set on IB" already. you're in hs! with those stats you can probably get into stern regular decision, but moreover, every one of the schools you mentioned has good representation on the street

its waaaaaay too early to decide on IB imo, go to a school thats solidly ranked, and that doesn't break the budget, and if in a year or two your mind is still set on IB, then fantastic, and you can most definitely hustle your way in then

but do not make up your mind on which college to go to purely on the exit opps of the finance section of the business school, you'll end up taking college way too seriously, and will miss out on a fantastic part of your life

if you want to succeed as bad as you want to breathe, then you'll be successful

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Dec 3, 2017

----delete----

Dec 3, 2017

this guy gets it

Dec 3, 2017

I go to Stern. Apply RD to stern there's a very high chance you will get in (80% or more imo).

------ If you get into any IVY (maybe except Cornell) please go there ------

I know a few students who chose Stern over Ivies; although they are content knowing that Stern places well, it is not a fun college. Most of all it is not worth 70k (I had a scholarship).

Think twice, good luck!

---edit--- I applied ED btw

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Dec 3, 2017

Just out of curiousity, what was the reasoning behind those students choosing Stern over an Ivy?

Dec 5, 2017

Sans Wharton, Stern is in my opinion the best school for Finance majors. [Note MAJORS]. For someone who doesn't want to study a liberal arts curriculum, Stern might be a good choice, even over an Ivy. I know one friend who chose Stern over Duke because she couldn't stand not living in NY.

Again, personal preference.

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Dec 3, 2017

Yeah so for every one of em the reason was to be in NYC and for the connections // internships. All of those guys except 1 have secured internships already. Out of the 4 close friends that come to mind 2 are in PE one is in a HF. These were sizeable firms mind you, and they knew the right people. For freshman that's pretty good, but saying that stern is better than Harvard or Wharton because of its finance ranking is laughable. In general Stern is pretty shit for college experience but if all u care about is finance then it's solid.

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Dec 3, 2017

i didn't even know what IB was until sophomore year in college.

regarding ur question, stern is a great school. located in nyc so fall/spring internships def possible. however, very competitive student body i've heard. be that what it may.

op - can i ask why you are "100% deadset on going into finance". also, what is your intended major... out of curiosity.

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Dec 5, 2017

Why is he dead set on finance?

It's not rocket science bro....

"I come from a lower class background (raised by single mother, she makes $35k a year)"

just a guess.

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Dec 5, 2017

I mean that's not the only reason, but yeah its part of it..

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Dec 3, 2017

OMG kid, take this from a person with some hindsight/regrets in choosing an UG college. Do not go to NYU and miss out on a real college experience. Go to Williams/Amherst if you get in - you'll learn some new things, make lifelong friends and end up with a great IB job.

Just look up Williams/Amherst grads in Finance. They've done pretty well. Do some research.

Stern/NYU is a filled with cut throat Asian kids (I say this as an Asian American) - and that environment is not healthy for you.

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Dec 3, 2017

deleted

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Dec 5, 2017

I applied to Ross. Hopefully I get in!

Dec 5, 2017

That being said, would UMich still be worth it if I got rejected from Ross?

Dec 4, 2017

don't even think of Stern or even liberal arts like Amherst. You want a college life. Go to a big-time school that recruits well with big-time sports - a Michigan, a Notre Dame, a Berkeley, a UNC

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Dec 5, 2017

I heard the nuns whip you if you touch a girl or if you hang out with girls after 2AM. Gotta love those parietals. Fuck ND, their grads are elitist and like a cult, especially in the fall during football season. It's a great school, but the way they behave when they are around each other talking about their school, you would think they went to Harvard..

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Dec 4, 2017

just curious, have you met any ND grads - do they come off pretentious? It seems like the school itself has a very strange, cult-ish alumni base

Dec 5, 2017

I would not put UNC in the same category as those other schools...

Dec 5, 2017

Why not? Worse recruiting/internships?

Dec 5, 2017

I was a low income kid at a fancy white private high school on scholarship. My college counselor, he was incredible, did not let me apply to NYU or Stern. NYU is notorious for giving terrible financial aid.

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Dec 5, 2017

NYU's aid is generally pretty shitty from what I've heard. That being said, in my opinion the future career earnings potential for an IB gig would definitely outweigh even $100k+ in debt from NYU.

Dec 5, 2017

You don't need to go to NYU to get an IB gig.... Any of the other schools being mentioned on this thread are just as good.

Dec 5, 2017

Apply to Georgetown McDonough. Target, great parent university, generous financial aid and unparalleled network on the Street as an alum. There was even a LinkedIn study in the last 1-2 years that found Georgetown to be the most represented name on Wall Street. Definitely give it a thought if you're not considering the school already.

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Dec 5, 2017

ya i wouldn't go stern ED in your shoes. you have high stats and should target the top tier schools HYPSM plus pick a few other top schools of your choosing from Dartmouth, UChicago, Duke, UVA/Mich/Berk

Dec 5, 2017

Not to be blunt, but just to be real... If your family makes 35k / yr that is your "hook". You're not middle class, you're poor. People like you are very rare at top schools. People who's parents make less than 100k are rare. Most of the best schools should give you 100% full ride, no questions asked. You may need a bit of debt to cover living expenses, but you should be paying no tuition.

Dec 5, 2017

Yes and no. For some schools, it could be a positive hook (some schools who aren't need blind would be negative), but that's usually when its coupled with under-represented minority status. To the admissions officers, I look like just another average white kid. That being said, if i get in to a top school/Ivy, it should be almost free/super inexpensive.

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Dec 5, 2017

I think you have your answer to your question there. Why pay for college when its free. Don't ED 2. Stern will be there as a safety if you need.

Dec 5, 2017

nah dude just come to michigan

"Truth is like poetry. And most people fucking hate poetry."

Dec 5, 2017

College sports at NYU suuuuuucccccccckkkkkkkkksssssss.
If you want to got to a soulless college with no school spirit then NYU is for you...
Go to U of M, USC, Notre Dame, Cal, Northwestern, Boston College

Disclaimer: Ohio State (undergrad) + Stern (grad)

Dec 5, 2017

Fuck NYU sports. Quiddich are you fucking kidding me?

Go blue.

  • Current Sternie.
Dec 5, 2017

Yo bro, tbh it doesn't matter where you go for college. What matters is how much effort you are willing to put in. Seen plenty of OSU, ASU, Penn State, and other Non-Ivy guys on the street, from what I can tell, they're just as smart, if not smarter.

That being said, I personally think you shouldn't apply to Stern ED 2. And I go to Stern. Don't get me wrong, Stern is a fantastic school with great rep & will get you where you want to go if you're smart and social enough.

I say don't apply ED 2 because if you have 2300+ SAT [or whatever the equivalent is now] and a good GPA, its dumb to limit your options to one school. Plenty of schools will get you on the street, its a question of your fit.

I'm fucking happy at Stern because I didn't want a traditional college experience. I enjoy working, and going to the best school in the city south of 42nd street gives me the ability to pick and choose my internships. Plus the cut throat environment at Stern is exaggerated by kids who couldn't fit in. I've personally found my peers to be helpful and capable of not being so short sighted as to fuck me over. After all, you're going to be working with your classmates. Karma's a bitch. Another element, I don't pay my tuition, so the $$$$ was never a factor for me, it may for you.

Stern accepts based on your grades and stats. To my knowledge it is not as active in selecting students with a sob story as opposed to Ivy schools. This conveys the culture at Stern as well. We're passionate about our causes, but we believe that merit should be the determining factor in our professional lives. If you believe otherwise, perhaps Stern isn't for you, and to an extent, neither is IB in my opinion.

But then what the fuck do I know I'm still a fucking baby in college.

Last piece: Advice from a guy thirty years my senior and a former VP at a BB.

You either have fun in this racket, or its not worth it. Don't take shit too seriously.

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Dec 5, 2017

^Agree with this.

most of the hyper-competitive kids at Stern don't end up making it through the recruiting cycle because they have 0 EQ and it shows in their interviews.

Dec 5, 2017

Don't do it. Apply RD but not for ED2.
Stern places well but remember every single kid wants to get into finance. One of my friends who graduated from NYU told me that it was near impossible to actually get any time in front of recruiters during info sessions.
You can easily get into a school with a much better college life and equal, if not better recruiting prospects (stern may place a large number in absolute terms, but if you look at percentages they're lower than many schools in the North-East). Coupled with shitty financial aid; you've just made your college experience into a 4-year pressure cooker.

Dec 6, 2017

I greatly disagree on the value of a "college life/experience". If you know what you want to do, go for it - NYU will allow you to network your way around into in-semester jobs/internships that are interesting and fulfilling. Could realistically get into a boutique by your second semester.

Chugging booze in dirty basements or tailgating on Saturdays should not be much more than a minor consideration when choosing a college.

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Dec 6, 2017

I have heard stories of kids applying to Stern ED2 and being trapped into going to NYU with 0 financial aid. I would certainly apply regular, but don't trap yourself with a binding decision. I think Stern is a great opportunity to really make yourself on the street, the alumni base is huge. Culture is the most cutthroat that I have ever seen, definitely not enjoyable but if you can make it at Stern, you're the cream of the crop at NYU.

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Dec 5, 2017

You can refuse to go to Stern if their financial aid [which is mostly merit based] is too low. I know someone who got out of their ED.

Dec 6, 2017

Stingy fin aid and notoriously expensive cost of living, RD Stern. I hope you could get into targets with those stats.

"If you're afraid - don't do it, if you're doing it - don't be afraid!"
-- Genghis Khan

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Dec 7, 2017

Might as well go to Baruch!

It's an otherwise shitty school but they somehow get solid curriculum and the cost is very manageable with or without scholarships. They also place pretty well.

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Dec 7, 2017

Stern is a great school. But, I wouldn't pick ED as others have stated. You're probably going to want to get into an array of schools and go with the best financial aid. Your stats are good.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Dec 7, 2017

I'll be as blunt as I possibly can here, and I can say this because I went there:

Absolutely not.

Metal. Music. Life. www.headofmetal.com

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