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

 

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.

  1. 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.

  2. since both schools have people going into IB after graduation, I don't think UNC is exactly "away from your goals".

 
Best Response

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.

 

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.

 
sillymonkey123:

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.

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.

 

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.

 
sillymonkey123:

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.

From my earlier post: "You are conflating Stern with the rest of NYU."

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.

 

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