STERN (No $$) vs. Yale ($$) for IB

I've been accepted to NYU Stern (no $) and Yale SOM ($40k in total). Which of these schools would be best for breaking into IB?

For context: I'm 27 years old Asian, my work experience is in big 4 audit with CPA licensed. I'm currently based in Toronto. I'm leaning towards Stern because of its location and reputation in Finance, but Yale seemed to move up in ranking these days. Based off the employment report, the % of students going into IB is 26% (Stern) vs. 14% (Yale) - it could simply due to the number of students recruiting for IB tho.

Any insights or advice would be appreciated. It'd also be helpful if you can share your experience if you had studied in either Stern or SOM. Thank you!!

Comments (27)

Jul 3, 2019

Hi wildsalmon, any of these discussions helpful:

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  • More suggestions...

Fingers crossed that one of those helps you.

Jul 7, 2019

You have a difficult choice to make here. If you're deadest on IB, I would choose Stern. Otherwise, Yale would be the better option (especially considering the money).

I ran through the numbers when I was applying myself and I chose to not apply to Yale based on my findings. Looking through the linkedin (since Yale does not publish placements in their employment report) Yale sent 21 to JPM since 2015, and 20 to GS.

However, upon closer inspection, more than have of these were false positives. The majority of profiles went to "Yale SOM" and received some entrepreneurship certificate.

After filtering that out, you get the 9 went to JPM and 10 to GS (So around 2-3 a year). Stern sends 10 to each every year out of the 90 that went into IB. If we assume that around 45 a year out of SOM (14% of ~320, class size was smaller before) the overall % is higher at Stern.

The real difference IMO is if you want to look at EB placement. In this category, Stern sends more per year than Yale has sent over it's lifetime to some firms. For example, Yale has sent 1 person to PJT. Total. 3 to Evercore, 8 to Moelis, 6 to Lazard. This pales in comparison to Stern, which regularly sends 2-4 to these firms a year.

Now if you were to waver at all in your career goals, I would go with Yale here. 40k is nothing to scoff at, and Yale does place better in consulting (Stern only sends 30-35 to MBB each year), and arguably tech. Yale now has the potential to solidify itself as a T10 school, whereas Stern seems to have lost that edge with the growing interest in consulting and tech.

Jul 7, 2019
MBASometimeK:

You have a difficult choice to make here. If you're deadest on IB, I would choose Stern. Otherwise, Yale would be the better option (especially considering the money).

I ran through the numbers when I was applying myself and I chose to not apply to Yale based on my findings. Looking through the linkedin (since Yale does not publish placements in their employment report) Yale sent 21 to JPM since 2015, and 20 to GS.

However, upon closer inspection, more than have of these were false positives. The majority of profiles went to "Yale SOM" and received some entrepreneurship certificate.

After filtering that out, you get the 9 went to JPM and 10 to GS (So around 2-3 a year). Stern sends 10 to each every year out of the 90 that went into IB. If we assume that around 45 a year out of SOM (14% of ~320, class size was smaller before) the overall % is higher at Stern.

The real difference IMO is if you want to look at EB placement. In this category, Stern sends more per year than Yale has sent over it's lifetime to some firms. For example, Yale has sent 1 person to PJT. Total. 3 to Evercore, 8 to Moelis, 6 to Lazard. This pales in comparison to Stern, which regularly sends 2-4 to these firms a year.

Now if you were to waver at all in your career goals, I would go with Yale here. 40k is nothing to scoff at, and Yale does place better in consulting (Stern only sends 30-35 to MBB each year), and arguably tech. Yale now has the potential to solidify itself as a T10 school, whereas Stern seems to have lost that edge with the growing interest in consulting and tech.

These number seem way off. PJT has a summer associate class size of roughly 6 people / year. No way is Stern sending 2-4 /year.

Jul 7, 2019

You're right, I probably shouldn't have clumped PJT in there. But with certainty, it's 4/4/4 at EVR/Moelis/HL FT this year, and at least one (on employers list) at PJT, PWP, Laz.

https://www.stern.nyu.edu/sites/default/files/asse...
https://www.stern.nyu.edu/business-partnerships/em...

Jul 7, 2019

Got accepted to both schools many years back but attended neither. Even w/out the $, I will still pick SOM. The key metric you should research is success rate i.e. how many people gun for IB jobs vs how many people get offers - make sure you differentiate IB jobs (M&A + coverage) from jobs in an IB (i.e. PWM, IB, risk etc) and you will see that Yale does much better. Good luck.

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Jul 7, 2019
alreadyrich:

Got accepted to both schools many years back but attended neither. Even w/out the $, I will still pick SOM. The key metric you should research is success rate i.e. how many people gun for IB jobs vs how many people get offers - make sure you differentiate IB jobs (M&A + coverage) from jobs in an IB (i.e. PWM, IB, risk etc) and you will see that Yale does much better. Good luck.

Lol, how could you possibly have success rate for each school if you didn't attend either?
YSOM isn't even a target at a number of banks. Would be shocked if it did better overall.

Jul 7, 2019

Based on speaking with a number of students, IB club specifically, across numerous classes for both schools as part of my DD. What I found was that a good number of people were going to risk/leadership programs/PWM roles but hey, things may have changed over the last 4-5 years so yes the OP should do his/her own research.

Most Helpful
Jul 7, 2019

If you're American, go with Stern. If you're international student, go with SOM. The Yale brand will carry more weight outside the US. That said, Stern perhaps sends more people to IB than Yale and is perhaps a better choice for that reason given the strength of alumni network on the street. However I'm also willing to bet that the typical SOM student (similar to Kellogg's) is not gunning for IB so your chances of getting into Ib May be decent.

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Jul 7, 2019

Agree with this

Jul 9, 2019

Thanks mate. If I plan to stay in the states after MBA... at least for the first couple of years. Would that change the story (i.e. Stern being a way better option)? I'm aware of the bigger # of international students in Yale, and I wasn't sure if that's necessary a good or bad thing. Thanks!

Jul 7, 2019

@lug he chose Stern over Yale for IB, he should be able to provide some clarity if it was the correct choice

Jul 9, 2019

@recruitingstudent Thanks for the info. Would love to hear from @lug

Jul 14, 2019

This year Yale SoM placed ~30/50 recruiting for IB internships and Stern placed ~75/120.

Jul 14, 2019

so both around 60% rate, I wonder what about the rest of the 40% kids? how do they face the reality that 200k MBA doesn't even help them get into IB....

Jul 14, 2019

If you are 100% committed to IB recruiting, socially competent and don't pursue a bad recruiting strategy (i.e. don't recruit for just 1 group, don't recruit at too few banks, etc.) then you should be part of the 60%. For full transparency, if you need sponsorship, then that makes things more complicated.

Jul 14, 2019

hmm... any idea how complicated that would be for Canadian Citizen?

Jul 16, 2019

Go to Yale. The difference in cost is substantial ($$ from Yale, along with the fact that living in NYC for the length of your program is way more expensive than in New Haven)

If you are part of the 60%, you will get in anyway. If you are part of the 40% and strike out on IBD, you are better off at Yale than at Stern, IMO.

  • From a fellow Torontonian also headed to BSchool this fall :)
Jul 21, 2019

I went to a non-target, non-top-10 MBA program and we still placed the majority of qualified, non-joker IB seekers into internships. Close to 90% received FT offers (including me) from just about every bank across the spectrum including elite boutiques. Point being that if you are qualified and ok grinding out the interview process, you should get an IB internship at either school (given your background I think you are qualified).

Even though stern sends a lot to IB you should still have success at SOM. Yale is clearly an overall better school with a better brand which would differentiate you from other non-core candidates. I wouldn't worry about the sponsorship yet, all of my int'l classmates that were qualified got good IB jobs. Plus, since you're canadian you can always fall back on BMO or RBC.

Between the money and the brand, personally I think SOM would yield a higher ROI, but you can't go wrong with either. Really comes down to where you think you'll have a better experience. Would probably be easier to pick up undergrads at Yale. If you go there make sure you check out Bar and Owl Shop.

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Aug 1, 2019

Why don't you reach out to people you find on LinkedIn and ask to talk to them about their experiences?

Aug 14, 2019
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Aug 14, 2019
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