NYU Stern or UNC Chapel Hill (Kenan Flagler)

Here is credentials in a nutshell:
SAT: 1450 (super-scored)/1440 one sit (790 math, 650 RW)
GPA: 3.96/4 UW (rank top 15%, #8 HS)
AP Scores: AP calc (4), AP micro (5), APES (3), AP Macro (3),
SAT subjects: NA
ECS:
Founder of a non-profit/president
Own a small business doing 90k in sales total
Past intern at test prep company designing AP curriculum for Microeconomics
Tutor and Mentor locally, tutoring ESL kids
Volunteer work (200+ hrs)
-Food Bank
-Art instructor
Others:
-Latin Club member
-NHS member
Awards (Generic)
-Principal list/Honor roll all years
-AP Scholar with Honors
-NLE cum laude
Why I am concerned
I applied ED to NYU Stern for one main reason: Opportunities due its proximity to wallstreet. Additionally, despite its prestige, Stern is a good target school some say with the stuff I have on my credential list. I am highly considering withdrawal to NYU stern (ED contract) due to a couple of reasons: Lack of a campus, so "adult", costs a lamborghini, flexibility to choose other schools. UNC is also my instate school, and I am pretty sure I can get in with Honors (direct auto admit to Kenan). Since I do dual enrollment, I would only need 2 years for my undergraduate degree (I enter as a junior). It would cost me 24k to earn my undergrad compared to the 320k at Stern. However, I do see the benefit of job placement and opportunities so that is why I am holding back. Additionally, I have been nominated for Morehead Cain, but I think the chances are extremely slim. I would appreciate any feedback/advice. Thanks!

 
 

Morehead Cain is no joke, good for you. If you don't mind staying in state, I'd probably go with UNC. It will be more fun than NYU, I'd argue that the placement is equally as good if not better, and you'll save money.

If it was UNC vs an Ivy that would be different, but I don't think NYU is worth the cost. I've also heard the undergrad Stern culture can be pretty brutal. Opsdude wrote a few posts on it if you use the search.

 

I'd for sure choose UNC in this case. Placements are fine and you seem motivated so you can do whatever. Big thing though: You'll probably have to do 3 years, not 2. Banks take the vast majority of their fulltime hires from their summer analyst pool, and the few they get from outside the pool, did an internship at another bank. Recruiting happens during the summer before your junior year, which if you graduated in 2 years would be the summer before you technically enroll. This means you won't likely get a junior summer internship and it will be very hard to break into banking.

Ideal schedule would be three years: 1. Network the entire year. Get a sophomore summer internship and be ready for interviews during that summer for your junior year. Get your GPA as high as possible. 2. Secure your junior summer and keep doing well in school. Get a return offer at the end of summer. 3. Have fun.

 

My friend actually faced this same decision. She was debating NYU vs UNC. I'd definitely say UNC - it's so much cheaper and still an amazing school. Both schools feed into banks. There was a thread very recent about UNC placements into NYC banks that I recommend you check out.

 
Most Helpful

Assuming you decide UNC (great school - super fun), don't rush through it in two or even three yrs. Use the time to build a resume, get a double major, explore different things, etc. In state is a great deal at a great school. You'll also find that, although a good feeder into banking, it really takes networking and the network wants to see activity in finance /investing clubs and other activities as they want an interesting student.

Your current success and efforts are great! They will get you to the next step. But the next step is a reset. You'll need to be equally successful across the board in college to turn heads for recruiting.

Also, take some time to enjoy the ride. College is a great four years. Make those lifetime friends. Develop other interests. You strike me as an entrepreneur. Lots of resources to develop that at UNC including their center for entrepreneurism (buddy of mine runs it). You can learn a lot in four years.

 

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