Southern Investment Banking pay vs NYC pay

Hello I am a senior and looking into colleges and I have spiked an interest in investment banking. I was looking into some southern schools and was wondering how much of a pay difference is there for ib in a place like Atlanta or Houston or Charlotte compared to nyc or San Francisco pay. Also I understand that there are far more options in nyc but are this still a lot of opportunities for southern ib too? Also what kind of schools would be good for southern banking? Thanks in advance!

 

I will be honest my grades and act isn’t the greatest so would a school like uga or uf set me up for Atlanta or Charlotte ib. And also does tamu place really well in Houston besides ut and rice obvisouly

 

Wells & STRH both recruit from UF. Specifically UF's MSF program that many go into straight from undergrad. @flexkeet, I would recommend you go to LinkedIn and search "Investment Banking" filtered by UGA and UF. That should give you an idea of their placement, where students are placed, and if they are placed directly from undergraduate or through MBA/MSF.

 

Thanks for all the responses! Ur advice is very much appreciated! Agreeing with most of u I grew up in a cheap town in the heart of America and I still want to make the big bucks without taxes and cost of living killing my bank account. That is why I have been considering ib in Houston Charlotte or Atlanta because to my knowledge they have the lowest cost of living for places with a decent amount of investment banking. I have one last question. So I recently have been admitted to uga, Texas a&m, uiuc, and Indiana. My question is would I have a better chance to get into Houston ib at a&m or Atlanta ib at uga or Chicago ib through uiuc or Indiana? Thanks so much!

 

That just depends on which city you really want. If you really want texas, go to A&M, if you want Atlanta, go to UGA etc. Now if you're asking for highest chances of IB, that is strongly dependent on you and how you perform in school and network. In terms of statistics I believe UIUC or UGA would be your best bet into getting into an IB.

 
Most Helpful

For the Atlanta and Charlotte markets for IB the "current" southern ivies are the best places to go.

MF and MM PE firms that are recruiting in the south for analyst positions go to Emory, Vandy, Duke, UVA, UNC, and Davidson (surprisingly).

These schools traditionally place 1-3 a year in HF positions as well.

For IB all of these schools are "safe choices".

For an IB/PE focused finance degree, no one competes with Emory currently in the south. They place people everywhere in IB, PE, REPE, HF, AM, coast to coast and they restructured their curriculum to place more graduates in these roles annually. They are the only top talent and high-finance focused programs in the south IMO currently.

 

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