Undergrad Amherst College vs Cornell CAS vs UNC
I need help deciding my undergrad:
Amherst: 43k a year
UNC (Would apply to Kenan after first year): 24k a year
Cornell: 50k w/ 10k loans a year
Amherst has lower competition, but also less recruiting than Cornell. UNC is close to home and cheaper.
What should I do for best chances at IB/consulting/other finance jobs
As a LAC grad I'm biased but my rank would probably be Amherst>UNC>Cornell.
With that being said I think an argument could be made for UNC over Amherst as well. Here are my thoughts.
Amherst isn't a household name, but it's 100% an elite college. The education as well as "prestige" will be well known by top banks, consulting firms, and you'll place just as well as anyone from Harvard, Stanford, Wharton, etc. Believe it or not, people turn down Ivies for schools like Amherst/Williams. The low number of undergrads makes for a high faculty to student ratio and thus the education is top notch. The Alumni network is strong and tight knit and it will give you a great brand for anything you want to do whether it be business, law, academics, etc. You'll have no problem placing into a top group at a BB or an MBB consulting firm if you apply yourself. With that being said, the small LAC feel is different from a "traditional" college like a UNC. Amherst has no fraternity/sorority presence and LACs are known to pull from more of a northeastern crowd. I've known people who have struggled with a smaller campus feel and like the idea of going to a bigger school, being part of a frat, getting to tailgate football games on the weekends, etc. Not to say Amherst won't have some of that, but it won't be as good of a UNC in that regard.
UNC is a great school as well, one of the best public schools in the country. The fact that you're in-state and could pay 20k less a year isn't something to be ignored. If you have confidence that you can get into Kenan Flagler as an undergrad and do well, there will be a number of banking opportunities for you as well. With that being said, the disadvantage to undergrad business schools is that everyone is gunning for the same thing. Everyone wants the top BB/MBB jobs and competition will be tougher. Additionally, while the UNC network will be far reaching, it'll be weaker given the number of UNC grads in the world. Think about it, if there was a UNC alum who was an MD at Goldman, I'm sure he/she gets hit up by dozens of kids each year, what is going to make you standout?
Now for my pros of UNC. It's be a ton of fun, will give you a true college experience if that's what you want, and honestly, school will be much easier while still giving you a chance at a top outcome. Don't get me wrong UNC is a great school, but when you need to take a certain quota of in-state kids, the overall quality of student is going to be lower than an Amherst. The benefit for you is that in theory, you should be able to rise to the top while still enjoying your experience.
Cornell is out for me. Yes it's an Ivy league school, but it doesn't standout from Amherst or UNC in any way. The classes will be tough, it'll be full of other Ivy league rejects, job placement is there, but highly competitive, the weather is pretty bad in upstate New York, and it's the most expensive. Unless you were going for hotel management or something like that, I'd pass on Cornell.
I'd visit all the schools and assess for feel as well. What type of person are you? Would you love to join a frat, go to every UNC game, and be close to home? Or are you a little more academic and maybe want to see a different part of the country, and focus more on those types of pursuits.
In terms of job placement and academics, Amherst is objectively better than the others. But I realize that UNC has a wide network, I know people that have had amazing outcomes from UNC, and it's one of those rare schools that blends fun with a good education. Plus 20k a year isn't insignificant, even though an Amherst warrants a 20k a year deficit if that's where your heart is.
Good luck with the decision.
Thank you so much for the information! I visited Amherst and really enjoyed it so its where I'm leaning, I'm just worried about less OCR and reputation outside the northeast for some boutiques in case the bbs don't work out
If those are your only concerns with Amherst then you should 100% go. OCR is honestly over rated. Sure, places like a BAML will visit UNC, they'll host an info session, hundreds of people will show up. During actual OCR they're churning through people and only taking a handful. Again, if you're the best, you'll hopefully rise to the top, if not, you're just 1/100 students with a decent GPA, internship at a no-name wealth management fund in the southeast, interests are golf and your personal portfolio, etc. With no OCR you'll have to send out some networking emails, but as mentioned below, the hit rate is extremely high and if you come across as semi-coherent, those alums will pull for you. Plus the career center at a place like Amherst will guide you into those jobs if that's what you want to do.
Reputation will be different. I'll put it this way, Amherst won't get the name recognition by the random SEC bros your meet in a bar, but I guarantee every mid-level to senior person at any bank, consulting firm, etc will know Amherst and will know the types of kids they produce.
If you like the feel of Amherst, then I'd go with that. Worst case, transferring back to UNC would be easy after a year. Not so much the other way around.
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