UNC KF or NYU MBA?
I have been accepted to NYU, paid my deposit and was dead set on going there until UNC came in today with a half tuition scholarship. Approximate to about $60,000 2 year total. With cost of living, tuition difference it'll probably be a total of $100,000 difference.
I went to University of Georgia for my undergrad and am currently and Large Commercial Insurance Underwriter In Southern California for a Fortune 100 company. My plan after graduation is to break into IBD for a few years before I switch to the sell side.
The stats show that the starting salaries for both industries are comparable but UNC recruiting wise looks like it leans more towards consumer products and corporate finance. 27% of NYU students specifically go into IB with only 11% at UNC.
Also I do not really mind where I end up geographically for the long run. I feel that NYU will definetly help broaden my network while UNC will cement my foothold in the south since my undergrad was also there,
Does anybody have any suggestions on whether I should take the scholarship or stay with NYU for my career goals?
Thanks all
Until I caught the "IBD" part, it comes off as an entirely regional selection.
Talk to some current students about IB recruiting, and look at employer lists and it becomes an easy decision.
I personally would recommend taking that $60k free money and go to UNC KF. But it's just my viewpoint.
However, I'd pinpoint some facts you mentioned:
1.lots of people go to Stern just to go to IB. That higher percentage is literally useless because it's a result of self-selection. Plus Charlotte IB is obviously smaller than NYC IB.
You said that post-grad salary don't differ much. However, the cost of living will be much higher at NYC. Since that many people will stay in NYC area anyways, it actually means that NYU Stern grads, on average, gets less salary after deducting living expenses. Plenty of students go to Duke (or H/S/W) and still compete on the same scene with Stern graduates.
since both schools have people going into IB after graduation, I don't think UNC is exactly "away from your goals".
NYU no doubt. I know a handful of UNC alums on the street, but 100s of Sternies. It's a lot easier to network and interview for IB roles if you live in Manhattan.
Are you looking at BBs, MMs, or regional boutiques? I think NYU gives a much better shot at the first two while at UNC places mostly regionally (in the south).
If your goal is to work at BB in NYC or WF in CLT, UNC should be fine. Don't think your financial experience is top notch, but assuming as a potential UGa bro, you should be able to go through the required networking motions pretty easily. I don't think EBs show up at UNC, and probably not all BB, but should have enough places to pick from. I'd talk with current students to get a feel for banks and number of spots along with placement for US students. NYU is just not going to be as much fun (and cheap).
Number of alumni you can network with doesn't really matter coming from a target MBA school. Most banks have an idea around which schools they'll go to and how many offers they will give, and it's historically in line with what they offered in prior years.
There's also some other people you might want to contact directly. Get in touch with both of these groups, and be honest about the situation. Odds are both will try to give you a pitch but they'll tell you about placement among their alumni:
http://www.kenan-flagler.unc.edu/student-life/mba/mba-clubs/Investment-…
http://nyustern.campusgroups.com/gfa/home/
It will probably be informative. I'm going to one of UNC's peer schools this fall(barring a rolling deadline) and talking to their IB group was what made me a lot more comfortable with attending instead of re-applying to better ranked schools next year.
The real question is where do you want to settle. Seriously. If you're set on the northeast, then go to NYU. If you're set on any state below the Mason Dixon, go the UNC. $100K is a $100K. Time for you to think long term on this one.
Btw, you say you want to do IBD before you switch to the sell-side? Well IBD is the sell-side... If you mean switching to the buy-side well hate to break it to you but its going to be nearly impossible. Research threads here explaining why it's illogical for HF and PE firms to hire MBA IBD associates.
I work on Wall Street in NYC. NYU is considered a trashy school. Sorry but that's the reputation. Your getting a 100k at a better school.
Stern graduates dominate NYC BBs. There are tons of them everywhere.
Why are there so many people who insist on voicing their opinions when they are obviously completely ignorant?
You work on 'Wall Street'? Then you use 'your' incorrectly?
NYU and KF are both great schools reputation-wise. Choose the one that seems like a better fit for you.
that's the rep from the part-time crowd, eh?
NYU clear winner here.
http://poetsandquants.com/2014/01/17/where-top-mbas-work-in-finance/2/
Work on the street with lots of NYU grads believe me NYU is regarded sub-par from an aggregate school perspective. Stern is solid, no question about that, better than most bushiness schools and is better than UNC's. But UNC-Chapel Hill from an aggregate school perspective is a lot more prestigious than NYU. At the end of the day that's what people are judging you by, they could care less you went to Stern.
I've heard another voice against NYU from the street, so I guess I should start buying this opinion.... the other was a Fixed Income MD until PhD
Literally no one thinks UNC is "prestigious".
UNC-Chapel Hill is substantially more prestigious than NYU. You have to be to joking dude. I think you should stop talking before you discredit yourself right now.
Point to NYU on this list for me: http://www.usnews.com/education/blogs/college-rankings-blog/2013/02/28/…
Any reputational/prestige will show you that UNC is more prestigious than NYU. Don't believe me? Based on ACTUAL admissions statistics, people offered both schools choose UNC, by a substantial margin.
http://www.parchment.com/c/college/tools/college-cross-admit-comparison…
Maybe when NYU officially gets a campus we can revisit the prestige matter. Until then this is really not a debate.
As someone who actually knows something about the process and recruiting, as opposed to these people with zero insight, NYU is a far better name on the street. The Stern people on the street is a large multiple of the UNC people on the street and it's not really close. It's not the most "prestigious" as its seen on the low end of acceptable. But it is by far the biggest name on the street from ab alumni standpoint. You stand a far better chance of reaching your goals from NYU. And it's not really debatable.
BTW, NYU has more grads than Columbia working on the street, albiet most of them low level - medium level front to back office jobs, does that make NYU a better school. Heck no. Get a clue bud.
For IBD recruiting, Stern is superior, especially for NYC.
Personally, I would have difficulty turning down the scholarship
This is one is the worst threads I have read in a long time. UNC and NYU are both very good schools. They will both check the "top flight business school" box for all but the most selective employers, most of whom are probably also looking for very specific pre-MBA experience.
You must have a region preference. These areas offer a very different lifestyle. If you really have no region preference take the scholarship, unless you can successfully shop the offer to NYU in which case you should go to NYU as there is far more Wall Street recruiting there.
NYU Student Body Size: 44,000 Admission Rate: 33%
UNC-Chapel Hill Student Body Size: 29,000 Admission Rate: 29%
No wonder NYU has so many people working on the street, with a student body that size, NYU is a really an overpriced public university. You can't buy prestige folks; it's earned, not bought. Maybe you'll get there one day, your just not there today.
MBA discussion. not undergrad.
You are either a troll or illiterate.
Without a doubt NYU should be your choice. For NYC IB NYU is clearly a much better option.
Please disregard and ignore sillymonkey123. Clearly some bias or just ignorance on his/her end.
UNC KF or NYU Stern for MBA (Originally Posted: 05/15/2013)
Any thoughts? My goal is to work on the buy side. I know neither of these schools, or any outside the M7 for that matter, will offer easy recruiting, but this is the best I can do. If I have to do sell side first for a stepping stone, I am willing to do that. I have 6 years of experience in PWM and am a CFA charterholder. Thanks in advance for any advice. BTW, location, weather and other sort of "fun" considerations are not important to me. I had enough fun in undergrad, I'm here to work ...
I would take NYU given its placement in sell-side roles.
NYU Stern. No brainer
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