UMich Econ Vs. NYU Econ?
Dear,
I'm applying for transferring to targets. For this semester, both of schools aren't open for their business school. Plus. it is extremely competitive to get into their buz school (Ross and Stern). So I changed my plan to Econ. For IB in NYC, which one would you recommend?
Thanks!
Not sure about Umichigan but NYU CAS has near 0 placement into IBD (note I mean IBD not the non-IBD divisions within IBs) NYU CAS students get completely destroyed by Stern kids during IB recruiting, would not recommend
this is not true.
First you have to under that NYU is NYU, meaning just because of the name and proximity to the street you'll have access to most banks,consulting firms, and corp dev positions. This is because NYU has two different recruiting streams for its students. Stern students not only get the brand recognition for the stern/nyu name but they also have their own separate reciting pipeline,website,OCR, etc in addition to all access to the Wassermann center. All of the other schools(CAS,Gallatin,SPS) only can recruit at the wasserman career center events. This invariably makes those IB,S&T,and consulting positions more competitive and harder to get. However, it is by no means a disadvantage to study ECON @ CAS as other posters are making it out to be. You just gotta hustle a little harder than sterne's(maybe the same amount you would if not at ross school of biz? idk)
If I were you I would choose NYU unless other factors are involved(financial,family,etc). Surprisingly, people from stern are very receptive if you hit them up for networking because after all you are still a NYU student. For that reason alone, coffee chats with ppl in IB who are open to speaking can be a 15-20 min train ride away from campus which makes the investment worth it.
PM me for any questions
source: I went to NYU (non stern school) and now in corp banking BB
Thanks for corroborating my point
I literally said “NYU CAS has near 0 placement into IBD (note I mean IBD not the non-IBD divisions within IBs)”
You are in corporate banking and THATS NOT IBD (ie investment banking division) even though they may be clustered together
The fact that you fail to understand that distinction is just sad and shows the difference between non stern and stern students in terms of IBD recruiting
This is not true whatsoever. I went to Stern a few years back so my experience could be dated but there were definitely plenty of kids in NYU CAS placing into IBD. I've even seen several place into top groups at the BBs (GS TMT, MS M&A, etc.). The EB's and technical heavy product groups like leverage finance or restructuring typically went for the business school kids but the NYU Econ kids also got through to the middle market banks no problems for IBD. Keep in mind there are also a lot of banks that recruit at NYU besides the BB/EBs such as Nomura, Guggenheim, RBC, CIBC, TD Bank, BNP, Soc Gen, Peter J Solomon, etc. and these are all fair game for both NYU Econ and Stern students. NYU from what i've seen is one of the stronger target schools based on placement and if you put in the work (meet people, keep grades up, get some summer internships that show your interest) you can land a IB job no problem.
This seems solid input from real alumni. Thanks! How's NYU Econ for those gunning for MC, then?
I came from Stern too. Things have really changed over the past few years, with recruiting pushed to as much as 1.5 years ahead
That made recruiting for ibd really hard for CAS students due to the lack of finance exposure and preparation
Ye agreed ^ , don't go to nyu cas unless you want to explain to everyone why you didn't go to stern and hustle 24/7
Is NYU Econ that bad? I thought its location would still be beneficial..
For location purposes you're better off going to fordham or baruch instead of nyu cas. The program itself isn't bad but stern pumps out so much competition that you have a small chance of breaking in and I don't think that anyone would want to bet on a low % opportunity.
Why don’t you get into them first and then decide....
Michigan. NYU is a rip off. Add to that (as others have pointed out) you have a built in disadvantage against the army of IB aspirants at Stern. Michigan is way less expensive, at least as good a school (I'd say better) and I'd guess feeds a lot of grads into Chicago IB jobs (NY too).
So you would say Umich ECON is still valuable and worth a shot for NY BB IB?
Definitely. You can confirm with a simple linkedin search.
Much appreciated!
I buy the argument that NYU CAS doesn't place nearly as well as Stern into IBD.
I don't buy the argument that the same exact thing wouldn't also be true at Michigan.
For those claiming Michigan Econ does a better job placing into IBD than NYU Econ, why do you think that would be? I didn't go to either school but have done OCR at several schools and seen several analyst classes. Didn't see anything to support that claim.
My advice to OP: you're going to have an uphill battle from any Econ program, but the good news is that its still doable. You either get there by really standing out in the networking and OCR process (don't be daunted by the tiny number of slots, because its also very view IBD hopefuls who didn't end up at Stern/Ross to begin with). Or you get there by getting into IBD a year or two after college, after first doing 1-2 years in another finance job. Have seen that path work well for many people.
Thanks for your input! Does that apply to MC, as well? I heard MBB have a target pool like BB firms do but a bit higher standard. I want to consider if NYU Econ or Mich Econ has a decent shot for MBB before enrolling.
I believe MC programs will be a better shot because they're more likely to recruit outside of Ross/Stern.
But whether you go for IB or MC, you should assume that NYU Econ and Mich Econ are roughly equal, just as you'd assume Stern and Ross are roughly equal. I find it ridiculous that some people on this thread are seriously trying to argue that somehow Mich Econ is materially better than NYU. If someone has evidence I'll listen but until then, no. Put yourself in the shoes of the employer: you want to hit all the top schools, its not realistic to pick Michigan but not NYU.
Where you might see some difference is regionally. Smaller IBs in Chicago may prefer Michigan and smaller IBs in NYC may prefer NYU. But for these mega banks and consulting firms that recruit nationally, they're in the same bucket.
Would UVA Econ be better than NYU Econ?
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