MBA at Duke Fuqua or NYU Stern?

a2006's picture
Rank: Chimp | banana points 15

Hey all,

Have gotten accepted to Fuqua and Stern and am really debating the decision for various reasons. I am currently in consulting, living in NYC. After my MBA I plan on continuing in consulting, but want to leave the doors open for banking. The problem I am having is that I've been told that Fuqua would be the better school for consulting, while Stern would be better for banking. While I realize that Stern's location in the city would probably prove useful for any finance related field, I feel that it could also be a let down in terms of the community feel since people will be pretty spread out. Additionally, since I've been living in NYC, it might be nice to get a change of environment. However, while community and environment are important to me, my most important purpose is to get a good job (whether I decide consulting or banking).

I realize I've put a lot of confusions in the above paragraph, but any feedback from the community would be helpful in terms of your thoughts on which school would be the better pick? Or any rebuttals countering anything I've said above in terms of recruiting for consulting/banking, community, and/or environment.

Thanks!

Comments (63)

Mar 7, 2013

Take this with a grain of salt...but I've always heard that consulting recruiting at Stern was very slim and hard to break into, while recruiting for banking at Fuqua is very respectable.

Small sample, but I do know someone who recently went to Fuqua from consulting and ended up in banking when it was all said and done.

Mar 7, 2013
iamUNC:

Take this with a grain of salt...but I've always heard that consulting recruiting at Stern was very slim and hard to break into, while recruiting for banking at Fuqua is very respectable.

Small sample, but I do know someone who recently went to Fuqua from consulting and ended up in banking when it was all said and done.

I think this hits the nail on the head. I want to say that Fuqua sent 30 students to Deloitte S&O last year, and it places decently onto the street. Did you like your experiences in Consulting? I'm assuming so since you're looking to go back. Based on the few details I have, I think Fuqua would be your best bet. Solid consulting recruiting, respectable IB recruiting, and a real MBA atmosphere.

Also, could you share a bit about your background? As in your GMAT, where you worked previously, extra-curriculars, etc? Just curious.

Mar 7, 2013

Duke Fuqua by far. A top 10 MBA for sure.

Mar 7, 2013
State of Trance:

Duke Fuqua by far. A top 10 MBA for sure.

Hmmmmmm... plausible, but personally I'm still leaning towards a "no".

    • 1
Mar 7, 2013
a2006:

...While I realize that Stern's location in the city would probably prove useful for any finance related field, I feel that it could also be a let down in terms of the community feel since people will be pretty spread out...

Trust me, Fuqua has a great school and community environment. If you're coming from a large public undergrad, the difference will be very noticeable (in a good way). Personally, I think it is one of its top strengths.

Free Consultation

We know you have questions as you prepare to apply to your target business schools. What are your chances of being admitted? How can you differentiate yourself from so many other applicants? What is the best way to showcase your accomplishments or mitigate your weaknesses? Start getting answers to all your questions by taking advantage of a free 30-minute consultation with an expert from MBA Vantage Point team. Learn more.

Mar 7, 2013

Stern MBA sucks.

Mar 7, 2013

fuqua. consulting will place largely into atlanta (and dallas and now maybe DC with bain opening office there) so if you want to return to nyc for consulting it might be deloitte but thye place very well into banking (just as much as stern -- and you wont have to come to every networking event 'since youre right here')

Mar 7, 2013

Fuqua, it has great consulting opportunities paired with IB that is as good as Stern without the obscene difficulty in recruiting.

Mar 7, 2013

I think you shouldn't underestimate the 'intangibles' involved with the process. Clearly the recruiting and job availability for each school is important, but the way I see...and may of the other posters see it...Fuqua is either just as good or better than what Stern has to offer for consulting and IB.

Further factor in the lifestyle, environment, community, bonding (for lack of a better term), etc. that you will have at Fuqua, or any smaller, tighter knit program, and I think that makes Duke the winner. I think if I was leaving work for b-school, I would want a change of pace and to move to the program that most resembles a slightly more mature undergrad environment...basketball and football games, nice weather, girls, tailgates, college bars, etc. Stern wouldn't provide all of that and what it could is likely to cost you significantly more. Of course, none of that stuff could interest you, which could make your choice easy, as well.

I would also look at recruiting. I don't know about Stern, but Duke places well in all of the major markets in the US and it really has a well respected international brand name. That last point may not seem significant for someone planning to stay in the US, but international recognition might prove useful if you pursue consulting long term.

In my mind I want to attend a school that has an exceptionally strong brand name in the region I want to live and, if possible, a really strong brand name nationally and internationally...as a hedge.

Regards

    • 1
Mar 7, 2013
cphbravo96:

I would also look at recruiting. I don't know about Stern, but Duke places well in all of the major markets in the US and it really has a well respected international brand name. That last point may not seem significant for someone planning to stay in the US, but international recognition might prove useful if you pursue consulting long term.

In my mind I want to attend a school that has an exceptionally strong brand name in the region I want to live and, if possible, a really strong brand name nationally and internationally...as a hedge.

Regards

Just curious but, why do you think Duke brand name is more solid that Stern's one abroad? I am from Europe and I've met some European people that got their MBA at Stern while I haven't met any from Duke.
I do believe, from what I have read around, that Duke has a better MBA but I always had the feeling that I did not have any brand recognition here in Europe.

Mar 7, 2013
cruel3a:
cphbravo96:

I would also look at recruiting. I don't know about Stern, but Duke places well in all of the major markets in the US and it really has a well respected international brand name. That last point may not seem significant for someone planning to stay in the US, but international recognition might prove useful if you pursue consulting long term.

In my mind I want to attend a school that has an exceptionally strong brand name in the region I want to live and, if possible, a really strong brand name nationally and internationally...as a hedge.

Regards

Just curious but, why do you think Duke brand name is more solid that Stern's one abroad? I am from Europe and I've met some European people that got their MBA at Stern while I haven't met any from Duke.
I do believe, from what I have read around, that Duke has a better MBA but I always had the feeling that I did not have any brand recognition here in Europe.

I think he's referring more to the overall Duke brand (basketball team, much better undergrad school, etc.) than the specific business school brand. Duke's is head and shoulders above NYU's.

Mar 7, 2013
holla_back:

I think he's referring more to the overall Duke brand (basketball team, much better undergrad school, etc.) than the specific business school brand. Duke's is head and shoulders above NYU's.

That's true.

Mar 7, 2013
cruel3a:
holla_back:

I think he's referring more to the overall Duke brand (basketball team, much better undergrad school, etc.) than the specific business school brand. Duke's is head and shoulders above NYU's.

That's true.

Yeah, I mean Duke as a whole...so some might say that doesn't matter as much because we are talking more specifically about the business school, but I think the sheer name recognition provides credibility to all of the various schools, especially to folks that aren't as knowledgeable about the various rankings.

On top of that, Fuqua has a Cross Continent program, in addition to the standard study abroad programs, that will only increase it's long term name recognition. Add to that, Fuqua places 16% of it's graduates internationally vs 11% at Stern and within the US placements, Fuqua places 29% in the NE, 21% in the South and then the rest spread fairly evenly across the rest of the US whereas Stern places 88% in the NE, with the remainder spread around the US.

Again, that may not mean much to you if you only plan on living in the NE, but for me, that national footprint of alumni means I have potential resources and a potential network virtually everywhere. Maybe it will never pay dividends, or at least not enough to sway your decision, but in many ways an MBA is a hedge against a down economy and should I need to move from an under performing region to one that's economically more prosperous at the time, Fuqua would have a clear advantage over Stern.

In the interest of full disclosure, I really enjoy living in the SE and plan to live/work here for the foreseeable future...so I do hold a slight biased. And although I will be applying to Fuqua, it isn't even my first choice at this point.

Regards

Mar 7, 2013

Duke > Stern. Everyone here pretty much hit the nail on the head. Better brand, bonding/networking, real mba experience, great all around placement. I went to school in NYC so I know what it's like to have all my classmates spread throughout the city.

Mar 7, 2013

there seems to be a lot of questionable Fuqua promotion in this thread. given your comments, Fuqua might be the better fit but let's be clear on the assumptions.

1. Fuqua is definitely not on par with Stern for banking/finance.
2. Duke/Fuqua does not have a "really strong brand name" internationally. Fuqua plus the Duke brand does not have greater recognition for any relevant international audience than NYU/Stern. neither is particularly well-known abroad.
3. from what i understand, Stern actually has a fairly strong sense of community even though that seems counter-intuitive. i don't know how that compares with Fuqua but it's a misconception.

with that said, i don't think Stern is better overall. they are pretty comparable. getting top tier banking/consulting jobs out of either school will be very difficult but 2nd/3rd tier will be very easy.

    • 2
Mar 7, 2013

http://www.fuqua.duke.edu/documents/mba_recruiting...
http://www.stern.nyu.edu/portal-partners/recruiter...

Duke has very detailed employment reports (1st link) that includes the companies that recruited their grads. Its a consulting biased for sure (40 at MBB) but there are BBs thrown in there as well.

May 7, 2013

,

Mar 7, 2013

All BBs except DB recruits for IB on campus at Fuqua. GS takes 3-4 every year for IB on average.

May 7, 2013

.

Free Consultation

We know you have questions as you prepare to apply to your target business schools. What are your chances of being admitted? How can you differentiate yourself from so many other applicants? What is the best way to showcase your accomplishments or mitigate your weaknesses? Start getting answers to all your questions by taking advantage of a free 30-minute consultation with an expert from MBA Vantage Point team. Learn more.

Mar 7, 2013

Basically it depends on what you define as better. At a place like UVa/Duke/Mich, more people are gunning for consulting vs banking and at NYU, more are going for banking. So that means 50 vs 200 people in a corporate event. Also means alumni are bombarded more (but then again NYU probably has more).

The location also comes with positives and negatives. Obviously from Stern, it's easier to network and you will see more NYC boutiques (if that's your thing). But I was told by my alumni that the expectation is very high for Columbia/NYU students and they are expected to show up almost all the time they don't have class. If you are out of town, it's more like one day a week (Friday). When I was recruiting in Fall, pretty often I'd open a closet to put my luggage in some BB, and there is a Columbia backpack or something in there.

If you are decent, you will get whatever you want from either place. Go where you seem to enjoy (NYC vs. college town, etc.).

Mar 8, 2013
abacab:

Basically it depends on what you define as better. At a place like UVa/Duke/Mich, more people are gunning for consulting vs banking and at NYU, more are going for banking. So that means 50 vs 200 people in a corporate event. Also means alumni are bombarded more (but then again NYU probably has more).

this is pretty silly. by that logic, nobody interested in tech/vc should attend stanford and nobody interested in marketing should attend kellogg.

obviously there will be more students pursuing jobs in their school's strongest industry than in any other industry.

The location also comes with positives and negatives. Obviously from Stern, it's easier to network and you will see more NYC boutiques (if that's your thing). But I was told by my alumni that the expectation is very high for Columbia/NYU students and they are expected to show up almost all the time they don't have class. If you are out of town, it's more like one day a week (Friday). When I was recruiting in Fall, pretty often I'd open a closet to put my luggage in some BB, and there is a Columbia backpack or something in there.

higher expectations and a more strenuous recruiting schedule are part of the tradeoff that results in the best IBD placement on the street (in columbia's case) and much better placement than fuqua (in the case of stern). i'm not sure how this supports your argument.

If you are decent, you will get whatever you want from either place. Go where you seem to enjoy (NYC vs. college town, etc.).

this is totally misleading advice.

Mar 8, 2013
DoubleBottomLine:
abacab:

Basically it depends on what you define as better. At a place like UVa/Duke/Mich, more people are gunning for consulting vs banking and at NYU, more are going for banking. So that means 50 vs 200 people in a corporate event. Also means alumni are bombarded more (but then again NYU probably has more).

this is pretty silly. by that logic, nobody interested in tech/vc should attend stanford and nobody interested in marketing should attend kellogg.

obviously there will be more students pursuing jobs in their school's strongest industry than in any other industry.

The location also comes with positives and negatives. Obviously from Stern, it's easier to network and you will see more NYC boutiques (if that's your thing). But I was told by my alumni that the expectation is very high for Columbia/NYU students and they are expected to show up almost all the time they don't have class. If you are out of town, it's more like one day a week (Friday). When I was recruiting in Fall, pretty often I'd open a closet to put my luggage in some BB, and there is a Columbia backpack or something in there.

higher expectations and a more strenuous recruiting schedule are part of the tradeoff that results in the best IBD placement on the street (in columbia's case) and much better placement than fuqua (in the case of stern). i'm not sure how this supports your argument.

If you are decent, you will get whatever you want from either place. Go where you seem to enjoy (NYC vs. college town, etc.).

this is totally misleading advice.

We can go around in circles, but it's never clear cut. E.g. VC/Startups hire so few people that very few of them will step out of Stanford/Berkley vs. BBs who show up at all campuses. Columbia is just better than either Fuqua or NYU or whoever else (similar to Booth) and will always have better placement. For b school, go to the best school you can. If they are similar, pick whatever.

Mar 8, 2013
abacab:

We can go around in circles, but it's never clear cut. E.g. VC/Startups hire so few people that very few of them will step out of Stanford/Berkley vs. BBs who show up at all campuses. Columbia is just better than either Fuqua or NYU or whoever else (similar to Booth) and will always have better placement. For b school, go to the best school you can. If they are similar, pick whatever.

do you think a BB "showing up on campus" somehow equalizes the probabilities/spots across schools?

i'm not sure how familiar you are with the process but generally each BB shows up at wharton/columbia with the expectation of making 12-15 IBD offers. the same BB will "show up" at a lesser school with the intention of making 0-2 IBD offers or only to make non-IBD offers. obviously these situations are not comparable and your advice to a prospective student should reflect this.

Mar 8, 2013

fyi that everyone is harping hardcore on the placement stats, he said hes interested in consulting OR banking... so lets stop just comparing IBD hiring stats between the two schools. fuqua is a core MBB school for dallas/houston offices

stern core mbb for nyc? lawlz

Mar 8, 2013
shorttheworld:

fyi that everyone is harping hardcore on the placement stats, he said hes interested in consulting OR banking... so lets stop just comparing IBD hiring stats between the two schools. fuqua is a core MBB school for dallas/houston offices

stern core mbb for nyc? lawlz

this might be true but people should be honest in their comparisons. the accurate comment should then be "fuqua is better for consulting, stern is better for banking"...not "fuqua is better for consulting but also it's just as good for banking so you can't go wrong".

i think it's obligatory to intervene/clarify when people knowingly give false self-interested advice in these "what should i do?" threads that may actually influence someone's life/career decisions.

Mar 8, 2013
DoubleBottomLine:
shorttheworld:

fyi that everyone is harping hardcore on the placement stats, he said hes interested in consulting OR banking... so lets stop just comparing IBD hiring stats between the two schools. fuqua is a core MBB school for dallas/houston offices

stern core mbb for nyc? lawlz

this might be true but people should be honest in their comparisons. the accurate comment should then be "fuqua is better for consulting, stern is better for banking"...not "fuqua is better for consulting but also it's just as good for banking so you can't go wrong".

i think it's obligatory to intervene/clarify when people knowingly give false self-interested advice in these "what should i do?" threads that may actually influence someone's life/career decisions.

Do you think Stern's IB placement is really THAT much better than Fuqua's? Are many/most of Fuqua's finance jobs in areas outside of New York (I know their impressive MBB placement is often in offices outside of the Northeast)?

EDIT: Would your response be that much different if we were comparing Stern to a place like YSOM (similar tier, but closer to NYC than Duke).

Mar 8, 2013
holla_back:

Do you think Stern's IB placement is really THAT much better than Fuqua's? Are many/most of Fuqua's finance jobs in areas outside of New York (I know their impressive MBB placement is often in offices outside of the Northeast)?

EDIT: Would your response be that much different if we were comparing Stern to a place like YSOM (similar tier, but closer to NYC than Duke).

according to the two employment reports posted above, stern has more than 2x the number of IB placements despite a smaller class size. however, i don't think the quality of stern's placement is better - i'm sure they place many of those kids mediocre/crappy IB shops. i don't know about fuqua's distribution but i have seen a fair number of fuqua guys in lower BBs in NYC so it's not all regional offices.

no idea about yale...probably less than fuqua.

Mar 8, 2013

NYU Stern wins hands down. Mainly due to location factor. Most people who post on this forum are college students who have no idea what wall street is like. In this economy, every firm is downsizing and are less incline to spend money recruiting. Think about the total cost of going down to NC and taking the person in for an interview. They can get the same qualified student from Stern or CBS in NYC. These students can probably work part time as well.

    • 1
Mar 8, 2013
Irresistible:

NYU Stern wins hands down. Mainly due to location factor. Most people who post on this forum are college students who have no idea what wall street is like. In this economy, every firm is downsizing and are less incline to spend money recruiting. Think about the total cost of going down to NC and taking the person in for an interview. They can get the same qualified student from Stern or CBS in NYC. These students can probably work part time as well.

Horribly misinformed post. I'm not making a judgement about Fuqua vs. Stern, but rather the "total cost of going to NC" statement. It's a drop in the bucket. Also, the idea that there are part time intern associates working at BBs during the school year is pretty funny as well.

Mar 10, 2013

He wants better community. Fuqua
He wants to get out of NYC and experience something different for a few years. Fuqua.
He might want banking. Slight advantage to Stern.
He might want consulting. Strong advantage to Fuqua.

Anyone want to do the math on this?

Mar 10, 2013

If you've already 'done the NY thing' and gotten it out of your system, this one is pretty clear. Duke Fuqua. Yeah, I know that USNews ranks Stern higher, and perhaps internationally NYU Stern has a bigger brand because international attention tends to gravitate towards financial hubs, but I'd lean towards Duke for the better experience and better consulting. If this were IB, it'd be a different story - Stern is one of the "Big 4" in banking.

    • 1
Mar 11, 2013

All, thank you so much for your responses! I am overwhelmed by the great responses and surprised how most people are leaning towards Duke! This was helpful. Will keep your comments in mind when deciding.

Also, for a few of you out there...I am a female :)

Mar 11, 2013
a2006:

All, thank you so much for your responses! I am overwhelmed by the great responses and surprised how most people are leaning towards Duke! This was helpful. Will keep your comments in mind when deciding.

Also, for a few of you out there...I am a female :)

Hey shawty when you coming to the next meetup ;)

Mar 11, 2013

I've done the NYC thing for 5 years and am going to Fuqua with the intention of going back to IB.

Mar 11, 2013

A Stern student/alumnus a little upset?

Mar 12, 2013
jtbbdxbnycmad:

A Stern student/alumnus a little upset?

multi

Jan 7, 2016

have ppl's views toward this debate changed over the past several years?? New admits to both Fuqua and Stern needs some help! Thanks!!!

Jan 7, 2016
flagyourmoney:

have ppl's views toward this debate changed over the past several years?? New admits to both Fuqua and Stern needs some help! Thanks!!!

With the new employment reports it's pretty clear that Stern is the better school for banking and Fashion/retail. Duke is the better school for consulting and tech. So, all else equal, that's what would make the decision for me.

Jan 7, 2016

It would help if you relayed your goal post MBA and your background.

Jan 7, 2016

I say Duke has the edge. Duke has a really strong name. But you can't go wrong with Stern. NYU is one of the most underrated schools in the country. USNews has NYU ranked below 30 but its clear top 20 school in my book.

I got into Duke & NYU. To my shock Duke was cheaper and in NC a low cost states so living expenses will be 10-15k cheaper on that alone+5k food/utilities expenses. So its not trivial. Not to mention Duke is 12 mins away from UNC-Chapel Hill which also has a top B school and has a lot of hot blonde chicks! The Duke/UNC combo gets lots of NYC recruiters in the area so you don't need to worry the geographic advantage NYU has being NYC, so it washes away. Your far from NYC but its definitely in your reach. Not to mention you have access to the Charelotte job market which is growing which you dont have access to at NYU. Just an added extra but its not a major thing.

I say go with Duke. Because of the lower tuition and lower cost and you still have access to NYC + bonus Charelotte. But you cant go wrong with Stern! Honestly. Great school and tip of my hat to you. Good choices to choose from.

Jan 8, 2016

Lmao. Someone really didn't like me referring to Fuqua as not a top 10 school. Relax, man. For what it's worth, I think it's a solid school with a great reputation, and I'd be happy to attend Duke. However...

Quite clearly, H/S/W/Sloan/Booth/CBS/Kellogg are in the top 10. Remaining contenders include: Tuck, Haas, Yale, Duke, NYU, Johnson, Ross, Darden, UCLA. You only get to pick 3. Personally I think Duke gets slightly edged out by Tuck, Haas, Yale, and possibly NYU, but it's up to you to decide. Honestly doesn't really make much of a huge difference either way.

    • 2
Jan 8, 2016

I agree its too close of a call. Stern has a big name. But I say why not also go to a school with a better name overall. Duke>NYU from a general school perspective.
NYU is definitely an underrated school in the rankings, given their faculty, programs, job opps.

Mar 2, 2016

.............

Jan 11, 2016

Can anyone share their thoughts on how Duke places into BB IBD in NYC vs NYU these days? I see the employment report has 5 GS, 5 JPM, 5 MS, but doesn't say whether those are IBD or not. Is Duke actively recruited from the major BBs?

Best Response
Jan 11, 2016

~50 students seriously recruit IB every year. Every BB is on-campus at Duke. A few advisory firms also are active and recruit on campus. The overwhelming majority (~85%) end up in NY, not Charlotte. In terms of where candidates end up for summers, there are usually 3-4 offers each for GS/JPM/MS every year, 5-6 each for BAML/Barclays, 3-4 each for Citi/CS/DB/UBS.

As I have never attended Stern, so I can't really compare. Hope this helps.

    • 2
  • Anonymous Monkey
  •  Jun 21, 2016

Dukex2.. a have a similar concern.. I will love to go to Duke but the location issue is really something that worries me. I will like to follow finance carrer path, specially in sales & trading or investment management in offices in New York.

You wen to Duke...do you know if the job offerings are for Atlanta for example? Most of them for corporate finance?

I fear I must choose NYU, Columbia or other "more finance" university.

What are your thoughts?
Thank you very much in advance.

Jun 22, 2016

I would've picked NYU over Duke just due to the sheer location advantage. It helps quite a lot if you can network and grab a coffee by just riding the metro for two stops.

Jun 22, 2016

I'd say Stern for Wall St.

Jun 22, 2016

wow.....no contest FUQUA

Jun 22, 2016
dipset1011:

wow.....no contest FUQUA

How would you know?

Jun 22, 2016

DO you even know what your talking about 10% of the time, aren't you still in college?!

dipset1011:

wow.....no contest FUQUA

Jun 22, 2016

I'm looking to get into equity research or investment management.

Jun 22, 2016

http://w4.stern.nyu.edu/ocd/recruiters/placement.c...
Stern's MBA employment report.

Couldn't find a similar page for duke, but this should help you make your decision

Jun 22, 2016
Jun 22, 2016

Pretty comparable: Stern may be better for IB & S&T, and def better for overall NYC placement, but Duke is stronger as an overall MBA program (factoring in management and consulting).

Investment management and ER are less NYC-centric than other capital markets positions, so NYU's location is less advantageous for you.

I would keep this in mind: Duke's roots are as a general management program - it only recently allowed tracks other than pure management. This is reflected in its high proportion of management and consulting career placement. NYU seems like more of a Wall Street Prep type place. They have a more distinguished (and arrogant, publicity seeking) finance faculty and probably more of finance alumni base.

Still, it could be close enough to come down to culture and geography.

Jun 22, 2016

I'd go with Duke... I think their general management curriculum is much better than at NYU, and you can still get a concentration in finance or whatever. Don't forget that one part of getting an MBA is to also understand how and why others make their decisions--- As you're interested in ER/AM, that's something you'll want.

As joe said, pay attention to culture too...

Jun 22, 2016

Its all subjective. I feel as though fuqua has a better brand name/overall experience. Sterns has a nasty stigma attached to it and im sure several people throughout the industry can agree with this.

Jun 22, 2016
dipset1011:

Its all subjective. I feel as though fuqua has a better brand name/overall experience. Sterns has a nasty stigma attached to it and im sure several people throughout the industry can agree with this.

So it's "no contest", but it's also subjective and your own opinion.

Give me a break

Jun 22, 2016
Jun 22, 2016
Jun 22, 2016
Jun 22, 2016