Public View of these Schools? *please help

natrone's picture
Rank: Chimp | 12

i am currently finishing up my junior year of high school and trying to figure out where to go to school. my top school is Purdue University to study at Krannert School of Management. I'm very farmiliar in the program since I have gone on visits and my entire family are Purdue grads. I'm in a finance program at my high school am sure that I would like to pursue either a career in public accounting or IBanking. I hope to work in either Chicago or New York after college. The schools I'm going to be applying for are Purdue, DePaul, Butler, and Indiana University.

My top two and the two I would be most likely to be accepted into are Purdue and DePaul. I say this because my first couple years of high school were very bad. At Purdue it would not be difficult to do a double major in Accounting and Management(with a focus on Finance). I don't think that these are target schools so would that make it difficult to land a good job coming from these schools or even to get into a good MBA program coming from these schools? I assume that it would make it slightly more difficult but if i get a good GPA and am proactive in looking for jobs/internships then would i be just fine at a school like Purdue? Going to Purdue would also save a lot of money because it is in-state whereas DePaul is much more expensive. I was really just curious what the public's outlook is on my situation. Any advice would be great.

Purdue also has a program where you can complete your undergrad and get an MBA in five years. Would an MBA still hold alot of value even though you don't have any work experience? I feel like I would try to get an MBA if i decided i for sure wanted to go into banking but would try to get a MAcc at a more prestigious school if i decide accounting is what's right for me.

Region: 
United States - Midwest
United States - Northeast

Comments (19)

May 25, 2010

always good to go to the program's site and check out their career placement statistics, and then check out wsj/forbbes rankings.
other'n that maybe someone here works with people from mentioned schools.
can't help myself.

"... then, lobbest thou thy Holy Hand Grenade of Antioch towards thy foe, who, being naughty in My sight, shall snuff it."

May 25, 2010

Purdue isn't even the best public school in your state.

May 25, 2010
PublicEquity1:

Purdue isn't even the best public school in your state.

actually, Purdue is a better school than Indiana.

to the OP, only go to Purdue if you want to be an astronaut.

it's not a bad school, it's not a great school, it's good for engineering (especially aerospace). It certainly isn't great for IB - I'm from the midwest and have done many superdays at Chicago banks and have never met anyone from Purdue.

Perhaps more importantly, the social scene at Purdue is TERRIBLE, you will be a depressed little monkey over there.

If you want to stay in the midwest for college and want to do IB, here are the schools that send (from my experience) the most students to superdays/interviews at Chicago investment banks/financial institutions: Michigan, Notre Dame, Washington St. Louis, Northwestern, U Chicago, Wisconsin, Illinois.

I've never met anyone from Indiana but I hear their IB workshop is good.

May 25, 2010

Thanks for that but that isn't even related to the topic.

May 25, 2010

Hold off on getting your MBA. An MBA is like a get-out-of-jail free card. You use it only when you absolutely need to (1) because your current or prospective employer requires it (to get promoted or to get the job) or (2) because you want to change career paths. Never get your MBA because you think it might increase your stock because if anything, it will be very marginal coming from lower-tier program with no work experience.

Would transferring be a possibility? I would highly consider working your ass off your freshman year at Purdue and then lateralling over to Ross at UM. Your recruiting opportunities will increase significantly there.

Can't really comment on Chicago recruiting, but I'd assume that a number of bankers in the Chicago area come from midwest universities, similar to how a lot of west coast banks have Stanford/USC/Berkeley alumni and Houston banks have a lot of UT/Rice alumni. So even if you're "stuck" at one of these non-target universities, that doesn't mean they won't be targets for the Chicago offices.

May 25, 2010
JackBauer:

Hold off on getting your MBA. An MBA is like a get-out-of-jail free card. You use it only when you absolutely need to (1) because your current or prospective employer requires it (to get promoted or to get the job) or (2) because you want to change career paths. Never get your MBA because you think it might increase your stock because if anything, it will be very marginal coming from lower-tier program with no work experience.

Would transferring be a possibility? I would highly consider working your ass off your freshman year at Purdue and then lateralling over to Ross at UM. Your recruiting opportunities will increase significantly there.

Can't really comment on Chicago recruiting, but I'd assume that a number of bankers in the Chicago area come from midwest universities, similar to how a lot of west coast banks have Stanford/USC/Berkeley alumni and Houston banks have a lot of UT/Rice alumni. So even if you're "stuck" at one of these non-target universities, that doesn't mean they won't be targets for the Chicago offices.

Thanks a lot! I appreciate your input especially about getting an MBA. I'd consider transfering but it's just that I would really like to take advantage of the social aspect of college too.

Is purdue really seen as a really low tier school? I was hoping it would at least be seen as s mid tier program. I think it's ranked in the 50's right ahead of osu for their undergraduate program.

May 25, 2010

Yeah, do not get your MBA straight out of UG. Horrible idea. Purdue is a great school that at the very least places well into good MBA programs. Without a strong network, it would be very hard to get to New York from Purdue. However, there's nothing wrong with working in Chicago, and you can always switch over to NYC. Also, maybe consider going to a satellite campus for IU first year, rock a 4.0 and transfer to Kelly; of which, their IBanking workshop has 99% placement rate (according to their own propaganda).

The fact that you're a jr in HS and already thinking about getting a IB job is beneficial to your goal, also a little disturbing. I don't really know anything about DePaul, but with top grades from either Kelly or Purdue, I can't see why you wouldn't get at least a dozen interviews when the time comes. I got a list today on the backgrounds (educational) of my analyst class for this summer and at least 40% were non target kids. As long as your school is respected and has somewhat of a national presence you can get a banking interview.

May 25, 2010

i think going to a big school (IU) and working hard and transferring is your best bet or go to IU and get into the IB thing

May 25, 2010

I would strongly, STRONGLY warn against going to Purdue if you have other options (i.e. Ross at UM).

I'm from a target, but back in the day when I was interning at a major financial firm, I became really great friends with this girl from Purdue. Really smart chick, good GPA, the whole works...had happened to land this internship through sheer hard work and networking. She complained constantly about the fact that the Office of Career Services at Purdue didn't help her at all with networking and did an awful job of bringing in recruiters from NY-based firms. Nevertheless, she had gotten very lucky in getting this internship.

Unfortunately, in spite of how hard she worked, she ended up not getting a FT offer at the firm. Up to this point, I had assumed that she was exaggerating about how bad Purdue was, and was sure that she would land a great firm in very short order during FT recruiting. However, that was not quite to be. She struggled to get interviews because Purdue didn't provide many opportunities to interact with NY or even Chicago financial institutions. Through sheer determination and a whole fuc*load of luck, she ended up landing a great offer NEARLY A YEAR LATER at a mid-tier IB in their Chicago office, right before she was about to graduate. This gal got real lucky in that the spot at the firm happened to open up when one of their FT hires from the fall decided to take a year to go traveling before coming in as an analyst. Complete mess, but it ended well through her sheer determination. In short, you should be aiming for another school in the Midwest/South if you want IBD. I've got a lot of friends in the business from UM Ross/, UTexas, and even a few from UChicago and Northwestern. I'd try to take any of these over Purdue if possible. Good luck in the college hunt.

May 25, 2010

Even though it is terrible being told that the school I have always wanted to go to and the school my family all went to is not right for what I would like to do, i appreciate everyone's honesty. Everyone suggests that going to schools such as UM, Northwestern, or Notre Dame are the sure tracks to getting into IB. To be honest, in my freshman and sophmore years of high school I chose not to apply myself at all and didn't really care about school or grades. For that reason I would not be able to get into those schools. I worked hard this year and was able to do well but it wasn't enough to bring up my GPA. My family is very encouraging for me to go to Purdue but my dad also pursued sales which he was successful in but that is not at all for me.

Even though Purdue doesn't offer great on-campus recruiting to BB, does that make it really impossible to get internships/jobs if you can maintain a good GPA?

This may be a stupid question but is an MBA 100% necessary to get into IB? I didn't think it was but i'm rethinking my logic.

If i don't get accepted in Indiana then transfering to IU may be in my best interest if it turns out IB is what I want to do. It seems that coming from Kelley I would have a better chance at excelling.

Oct 2, 2015

........

May 25, 2010
bcbunker1:

Just how bad is your gpa? You must understand that most of the people here went to/are at very good schools and think anything out of the top 10-15 schools is suicide for your career.

This is complete horseshit. I'm coming from a non target and starting at a BB in July. My future MD is a University of Wyoming grad (via UMich MBA) and one of my best friends is a PM at SAC & he did his undergrad at some non name school in Northern Canada. Yeah if you want to go to Perella, GS TMT, whatever the fuck you'll need a target background. But all the other BB's have plenty of non target kids.

May 25, 2010
westfald:
bcbunker1:

Just how bad is your gpa? You must understand that most of the people here went to/are at very good schools and think anything out of the top 10-15 schools is suicide for your career.

This is complete horseshit. I'm coming from a non target and starting at a BB in July. My future MD is a University of Wyoming grad (via UMich MBA) and one of my best friends is a PM at SAC & he did his undergrad at some non name school in Northern Canada. Yeah if you want to go to Perella, GS TMT, whatever the fuck you'll need a target background. But all the other BB's have plenty of non target kids.

Joe Perella attended Lehigh, I know a kid in GS TMT who went to a complete non-target...I think the consensus is that you can get into IB from anywhere (even purdue), but you'll maximize your chances by going to the best school possible.

May 25, 2010

Just a word on your other top choice -- DePaul. The undergrad business program has a strong reputation among business people in Chicago. I don't recall which one, but one or two of the Big 4 Firms (I thinnk it is Deloitte and KPMG) recruit heavily in the honors accounting program ,starting as early as your sophomore year.

If you want to stay in Chicago, don't overlook DePaul.

May 25, 2010

I agree about DePaul. University of Illinois- Chicago gets some recruiting from financial firms in Chicago as well- not any of the BB's though.

May 25, 2010

UIC gets similar recruiting that UIUIC does, but to a smaller degree. I think at UIC last year Bank of America, Notherm Trust, Harris, Citigroup, JP Morgan Chase recruited. I think on their website you should be able to find information. Most of the recruiting at UIC and UIUC is accounting firms like Deloitte, Ernst & Young, etc. As far as my 2 cents about your plan, the only big 10s i would consider are University of Illinois at Urbana-Champaign, University of Michigan, University of Wisconsin and Northwestern University. Last year, about 10 kids from UIUC went to wallstreet. Michigan and Northwestern have great alum networks in wallstreet, not so much Wisconsin. But schools like purdue, indiana, ohio state, etc. although great universities!, i would shoot for higher if you want an easier time breaking into BB. ive heard of indiana getting some good kids into consulting, but remember, 95% of the students graduating kelly school of business wont get those BB jobs. As for the selectivity, Michigan, UIUC, Northwestern are very selective schools, if you cant get into these schools...work hard your first and/or second year and then try to transfer.

"Not everything that counts can be counted, and not everything that can be counted counts." - Albert Einstein

May 25, 2010

Don't got to Krannert. Out of the options you listed, IU is your best bet for both Big 4 accounting, and IB. The Big 4 are top recruiters of IU students. Even more, pretty much every week, all year round, the Big 4 have a careers desk set up outside the Kelley career's office. For IB, as others have mentioned, the workshop has near 100% placement. Additionally, many non-workshop people get into IB (myself included). Bank of America is a huge recruiter of IU students, as well.

All I can say about Purdue is that I haven't met one Krannert grad in IB in the Midwest. If you end up going there, major in engineering (you probably didn't want to hear that). I know a few that graduated there and ended up at HBS (didn't work in finance, though). Majoring in engineering will open up doors to management consulting, venture capital, and investment banking to the industrial sector.

I recommend you try to transfer out of these schools to Ross or Northwestern, however. If that is not an option, or if you simply don't get accepted as a transfer, you are much safer at Kelley than Krannert. Actually, if you have your eye on IB or Big 4 from day 1, you'll probably do fine at Kelley.

May 26, 2010
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