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Comments (97)

Sep 5, 2009 - 10:14am

Miami is a great school. In general, the university gets a lot of respect.

Array

Sep 5, 2009 - 10:45am
Virginia Tech 4ever:
Miami is a great school. In general, the university gets a lot of respect.

Miami is known as a place where rich white kids from the North go to party. It is overpriced and gets very little (read: no) respect. I have family in Florida, and the respect they accord U of F is about 100x times greater than what Miami gets. I'm not trying to be an ass, I'm just telling it like it is.

Mar 6, 2010 - 12:01pm
drexelalum11:
Virginia Tech 4ever:
Miami is a great school. In general, the university gets a lot of respect.

Miami is known as a place where rich white kids from the North go to party. It is overpriced and gets very little (read: no) respect. I have family in Florida, and the respect they accord U of F is about 100x times greater than what Miami gets. I'm not trying to be an ass, I'm just telling it like it is.

What he/she said. I go to Miami, and I believe me, Miami is Syracuse with Palm Trees-spoiled rich kids-and everyone knows it.

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Sep 5, 2009 - 5:19pm

Drexel- graduate, get a job, and stop posting on wso so much.

"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.

"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
Sep 6, 2009 - 6:59pm

I can't comment on its undergrad business school specifically, but I always viewed Miami as an overpriced (albeit beautiful) school for rich white kids who wanted to go to a fun party school. I can only imagine how much fun it would be to go there - with all of the attractive girls at the school combined with the talent in Miami, not to mention South Beach and all of the fantastic clubs.

Sep 8, 2009 - 12:58pm

University of Miami is one of THE MOST diverse schools in the world, period. Out of the percentage of the white kids that go to the school, yes, a lot of the them are rich. As far as it being a party school, I must disagree. It's quite the contrary. Alot of Indian (as in from India) and Asian kids go to the U for the various pre-med tracks (which are damn rigorous here) and they study ALL DAY. If you want to party you have to go off campus because stuff is pretty well monitored on campus. So good luck getting into a club on South Beach being a guy under 21 and the police raid Coconut Grove on a regular basis. The average high-school GPA of the freshman class is something like a 4.2.

Regarding U of F: THE MOST OVERRATED SCHOOL IN FLORIDA. Don't get me wrong, they're good, however, their not as good as many people think. I have MANY friends that go there it's not all what it's cracked up to be. 43,000 undergrads means large class sizes, no personal attention from professors/advisors who are difficult to get a hold of. A great deal of the perceived prestige that surrounds that school has to do with their football team. But they're still a decent school. They have a larger network of alums because their school is a state school with a large student body. It's very cheap and everyone wants to go there for that reason, not necessarily because it's a good school.

Mar 18, 2010 - 1:52pm

How can you rip VTech compared to Miami, when they are only ranked 3 spots behind Miami in the BWeek ranking. Clearly neither are target schools but to rip VT without any justification is pompous. Regardless all this is arbitrary.

Mar 18, 2010 - 2:30pm
VUFIN:
How can you rip VTech compared to Miami, when they are only ranked 3 spots behind Miami in the BWeek ranking. Clearly neither are target schools but to rip VT without any justification is pompous. Regardless all this is arbitrary.

hey at least you didn't say irregardless!
Sep 8, 2009 - 6:26pm

I guess Miami being a top 50 school out of the 3,000 colleges and universities nationwide means it's just a mediocre school, huh, MonkeyKingdom? Yeah, it's not Harvard, but Miami is a fantastic school. Miami may be an IB "non-target" (who cares? At least 25 VT grads in the class of 2007 got into investment banking, and Virginia Tech is a non-target as it gets), but it's a major "target" for law and medical school.

Array

Sep 14, 2009 - 3:41am

If you want to get into IB you can def find better places to go. I would pick UF over UM any day of the week. UF is definetely considered better than UM in most cases.

Keep in mind that everything everyone said is all relative. I'm sure the programs at UM are great as far as the quality of education is concerned, but it is by no means leaps and bounds better than UF and truthfully you could go to the greatest school on earth but if it has a poor reputation or no body recruits there then you are just putting yourself at a huge disadvantage, even if you learn a lot. Good luck.

Regards

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
Jan 17, 2010 - 5:40pm

I have been on WallStreetOasis a few times, just for fun and while preparing for interviews. Only after reading the previous post did I feel compelled to create a username and participate in the discussion.

Below you will find actual stats regarding placement of students from UM versus UF. Looks like UBS, Goldman, & MS may not share cphbravo96's views. UM does have a disadvantage in the investment banking world, simply due to our small numbers on Wall St. That doesn't mean that smart, driven students from UM will be held back by the "reputation" of the school. With Dean Kahn (formerly from Wharton) at the helm of our School of Business and brilliant new faculty members from MIT, Wharton, Cornell, etc, the school is up and coming to say the least.

I hope that no UM students are deterred by the generalizations in the some of the posts above. Network as if its your job, find an internship in the financial services during the year, and keep up your grades. No one says it's easy but it is definitely not impossible to break into IBanking. I say this knowing multiple analysts and associates at bulge bracket investment banks.

University of Miami Stats (BusinessWeek)
Job offer results, 2008 graduates:
Accepted first job offer by graduation: 79 %
Accepted first job offer in three months following graduation: 4 %
Did not report having accepted a job offer: 17 %

Top hiring firms:
UBS
Goldman Sachs Group
Deloitte Touche Tomatsu
Morgan Stanley
Merrill Lynch
PricewaterhouseCoopers
General Electric
Ernst & Young
Exxon Mobil Corp.
Target Corp.
KPMG LLP
Lehman Bros.
Northwestern Mutual
Espirito Santo Bank
Templeton

Graduate compensation:
Mean base salary: $ 48,330
Median base salary: $ 50,000

University of Florida Stats (BusinessWeek)
Job offer results, 2008 graduates:
Received first job offer by graduation: 55 %
Did not report having received a job offer: 45 %
Accepted first job offer by graduation: 40 %
Did not report having accepted a job offer: 60 %

Top hiring firms:
KPMG LLP
PricewaterhouseCoopers
Deloitte Touche Tomatsu
Ernst & Young
Bank of America Corp.
Johnson & Johnson
JPMorgan Chase & Co.
General Electric
Walt Disney Co.
Merrill Lynch
Wachovia
Macy's
Siemens
University of Florida
Harris Corporation

Graduate compensation:

Mean base salary: $ 46,933
Median base salary: $ 47,000

Jan 17, 2010 - 5:56pm

i have a friend who attended miami and i have visited him there several times. it is a fun school, full of hot girls and situated on a beautiful campus. it's basically like a year-long summer camp.

but i can attest to the assertion that the school is where rich northern kids go to party. the students are all a bunch of jokers who spend their entire time lounging by the pool or going to south beach. the classes are simplistic, and getting above a 3.5 there takes minimal effort.

Jan 17, 2010 - 7:23pm

super non-target, recognized party school. c'mon anything in Miami is basically lumped in the party school category, regardless of all the facts you pull up. employers don't have time to sift through that stuff, you're going to be at a very non-target. might be considered for ops though...

========================================= We are excited to formally extend to you an offer to join Bank of Ameria
Mar 18, 2010 - 7:44pm
Affirmative_Action_Walrus:
fembotma:
I know at least U of Miami alums at citi/ubs investment banking so it's a pretty good school if you network.

you know aluminum sulfates at citi/ubs? what are they doing there?

I live in Miami, As a matter of fact, I know one of the senior Citi IBD recruiters who was graduated from UM~

its not really a party school, thats a wrong perception. UM is not even in Miami, its in Coral Gables, Beautiful campus combined with rich poor smart dumb kids. Very expensive for sure, on par with Ivys~

Getting into UM B-school is not that easy anymore because of the new dean who was the former vice dean of wharton school of business undergrad

B-school class average are curved to a 3.0 GPA~

This year, I know 3 kids from UM are going for Citi IBD, 2 to GS IBD and 1 to JP morgan IB... thats just the ones I know, there are a lot more I believe.

Plus UM is considered the best school in FL, so all the top FL recruiters go recruit in UM~ a lot more than UF~

FL doesn't have state income tax so many UM kids rather stay in FL than going to NY, one thing I know for sure is that UM kids who work in BIG 4 earns a lot more than NY Big 4 kids~ same salary no income tax.

The perception that rich kids from north come to UM is absolutely wrong~ there arent many kids from the north in this school. Very diversed~

Signs of Recession: Banker: “Where’s me Bonus?” Yuppie: “Whadya mean I have to actually work?” Fox Rock Mum: “Lidl’s the place to be seen in now!” Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
Jan 18, 2010 - 9:04pm

This advice goes for any school, but especially "non-targets." If you want to get into banking, you find alumni from your school who ARE in banking and contact them. Ask them about their career, how they got into banking, etc. get to know them and develop a relationship. Asking "hmm, is my school a target? No? Well, how not-a-target is it? Really a lot? Or just kinda sorta not?" is not a productive use of your time.

Feb 21, 2010 - 10:19am

I'm from South Florida, so I know about UF & Miami. First of all, the only thing posted on Canezone career center is for OPS. Yeah, all the BB recruit there but its all operations, maybe one or two PWM postings. Its a 100% non-target school, you have better chances getting into Ibanking from Michigan State or even Kegbeer CC. I have never met anyone working in IB that was from UMiami, nor have I heard of anyone that ever has. I also have a friend at UF who is going to work at Wells Fargo IBD. However, UF is in the same boat as Miami. The only company that recruits there is legacy Wachovia securities and only from their MSF program which is like 20 kids. Still, Miami has horrible (non-existent) career opportunities.

Mar 18, 2010 - 7:45pm
da bog:
I'm from South Florida, so I know about UF & Miami. First of all, the only thing posted on Canezone career center is for OPS. Yeah, all the BB recruit there but its all operations, maybe one or two PWM postings. Its a 100% non-target school, you have better chances getting into Ibanking from Michigan State or even Kegbeer CC. I have never met anyone working in IB that was from UMiami, nor have I heard of anyone that ever has. I also have a friend at UF who is going to work at Wells Fargo IBD. However, UF is in the same boat as Miami. The only company that recruits there is legacy Wachovia securities and only from their MSF program which is like 20 kids. Still, Miami has horrible (non-existent) career opportunities.

Dude..you absolutely know nothing about UM~ Goldman IBD came to Miami for a seminar last Yr Nov and 75% of the kids who were invited were from UM.

I was in that seminar~ there are a lot of smart kids in UM~

I emailed one of the professor and asked him if he can connect me with some kids from Miami so we can rent an apartment together in NY, and he replied me with 5 names~ just the students in his valuation class..

Most UM students deny OPT offers from NY if they have a local offer just because its not worth it. they end up getting paid more in miami after tax.

Signs of Recession: Banker: “Where’s me Bonus?” Yuppie: “Whadya mean I have to actually work?” Fox Rock Mum: “Lidl’s the place to be seen in now!” Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
Mar 4, 2010 - 4:09pm
Primetime:
Tennis11:
I'm only familiar with UF, but if you're smart and driven you can definitely do very well there. This year alone they have people going to McKinsey, pimco, GS IBD, Citi IBD, BAML S&T, blackrock, and as mentioned above Wells Fargo recruits actively at UF for IBD - took 11 in the fall.

Are these undergrads?

this is pure propaganda

11 Gators recruited for Wells IBD in the fall alone?
Unless this for their St. Petersburg-Clearwater office, this is a load of horse manure

Mar 5, 2010 - 12:46pm

Look under Class of 2010, I saw 7 listed for Wells from MSF. http://warrington.ufl.edu/fire/programs/msf/placement/resumes.asp. There are also hires with only BS. So 11 is not out of question.

Also most of them had decent previous experience, so they are most likely not going to MO/BO/PWM.

Array
Mar 5, 2010 - 4:21pm
brick:
Look under Class of 2010, I saw 7 listed for Wells from MSF. http://warrington.ufl.edu/fire/programs/msf/placement/resumes.asp. There are also hires with only BS. So 11 is not out of question.

Also most of them had decent previous experience, so they are most likely not going to MO/BO/PWM.

So Masters AND Bachelors- 11 went to Wells/Wachovia

I'm sure some went to IBD (like 2-3) but the rest are probably doing loan workouts in Orlando.

You realize that there is no way 11 UF kids, in one semester, got into Wells/Wachovia Front Office IBD, presumably in Charlotte, when the bank has unis like Duke, UVA, UNC, Emory, Georgetown, and Vanderbilt to recruit from.

Mar 5, 2010 - 4:44pm
Affirmative_Action_Walrus:
brick:
Look under Class of 2010, I saw 7 listed for Wells from MSF. http://warrington.ufl.edu/fire/programs/msf/placement/resumes.asp. There are also hires with only BS. So 11 is not out of question.

Also most of them had decent previous experience, so they are most likely not going to MO/BO/PWM.

So Masters AND Bachelors- 11 went to Wells/Wachovia

I'm sure some went to IBD (like 2-3) but the rest are probably doing loan workouts in Orlando.

You realize that there is no way 11 UF kids, in one semester, got into Wells/Wachovia Front Office IBD, presumably in Charlotte, when the bank has unis like Duke, UVA, UNC, Emory, Georgetown, and Vanderbilt to recruit from.

The masters aren't MBA - that's their fourth year of undergrad. All are IBCM, one is SIG, I don't recall whether he was part of the 11 or not.

I understand that it is surprising, but it is true.

Mar 5, 2010 - 6:52pm

OMF*G, anyone can use some random stats from one data entry at one precise point in time. Maybe 8 out of 11 had mommy/daddy in high places at the bank. Maybe they were superstars that year that knocked it out of the ballpark. Who knows, who really care? Yes, it's possible. Fine you proved your point.

U of Miami is a decent school and I'm sure a lot of Alums really enjoyed their time there and feel proud they went to U Miami. A lot of them might be doing very well with themselves. But the school somehow didn't make the "Target" school cut-off. Which still leaves the OP in no better situation except to network with his Alums and/or family friends. I feel half of these UG university threads are for self-validation purposes. Yes, you made a decent choice and you have a chance to get into Wells IBD or whatever top job you may want. Good to hear?

The reality is you have an upper hill to climb. Get that chip off your shoulders or monkey off your back and start hitting up Alums and trying to get best internship possible. Good day.

----------------------------------------------------------------- Hug It Out
Mar 6, 2010 - 12:05pm

However, if you opt to go to the U, be sure and become friends with the spoiled rich kids, because while they are mostly underachievers, most of them have daddies who are NYC law firm partners, doctors, real estate, bankers, etc., and can get you a job....

Mar 18, 2010 - 2:04am

Is that why you're at Miami and not UF? Too lazy to work hard?

It's a zero sum game, somebody wins, somebody loses.
Mar 18, 2010 - 4:34pm

the only UM grad I know who works on Wall Street works in the back office. It's very probable that UM grads do FO for IB's based in Miami.

As for the school, I have several friends who attended, and they said it's an academic joke- and yes, they are upper-middle class white kids from the north. All anyone does there is go to the university pool (quite nice) or go to South Beach. I'm not saying that the kids are unintelligent, they certainly are smart enough, but they are lazy and want to lounge in sun all day.

I visited them several times and the only kids I saw were: rich white kids from South Florida, rich white kids from the North/Midwest, a couple of token/affirmative action latinos and the football team.

Mar 18, 2010 - 5:02pm
Affirmative_Action_Walrus:
the only UM grad I know who works on Wall Street works in the back office. It's very probable that UM grads do FO for IB's based in Miami.

As for the school, I have several friends who attended, and they said it's an academic joke- and yes, they are upper-middle class white kids from the north. All anyone does there is go to the university pool (quite nice) or go to South Beach. I'm not saying that the kids are unintelligent, they certainly are smart enough, but they are lazy and want to lounge in sun all day.

I visited them several times and the only kids I saw were: rich white kids from South Florida, rich white kids from the North/Midwest, a couple of token/affirmative action latinos and the football team.

You never lived there nor taken a class there so I don't see why you tryna convince everyone that it isn't a good school? I don't really understand what you mean by academic joke but I have taken class in Miami and also in Oxford. yeah, its not as tough but its not a joke, there were many smart kids competing for a few As given by the professor~ its easy to pass, but to get an A in miami is not easy.

I am giving you facts right now that this year just from the people I know 5 of them are going for FO at BB, NY. all IBD or S&T~ I'm sure there are more.

Signs of Recession: Banker: “Where’s me Bonus?” Yuppie: “Whadya mean I have to actually work?” Fox Rock Mum: “Lidl’s the place to be seen in now!” Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
Mar 18, 2010 - 6:12pm
poormonkeynomoney:
Affirmative_Action_Walrus:
the only UM grad I know who works on Wall Street works in the back office. It's very probable that UM grads do FO for IB's based in Miami.

As for the school, I have several friends who attended, and they said it's an academic joke- and yes, they are upper-middle class white kids from the north. All anyone does there is go to the university pool (quite nice) or go to South Beach. I'm not saying that the kids are unintelligent, they certainly are smart enough, but they are lazy and want to lounge in sun all day.

I visited them several times and the only kids I saw were: rich white kids from South Florida, rich white kids from the North/Midwest, a couple of token/affirmative action latinos and the football team.

You never lived there nor taken a class there so I don't see why you tryna convince everyone that it isn't a good school? I don't really understand what you mean by academic joke but I have taken class in Miami and also in Oxford. yeah, its not as tough but its not a joke, there were many smart kids competing for a few As given by the professor~ its easy to pass, but to get an A in miami is not easy.

I am giving you facts right now that this year just from the people I know 5 of them are going for FO at BB, NY. all IBD or S&T~ I'm sure there are more.

Sorry, I just have a hard time believing 5 people from a small private university in Miami that isn't an IB target got FO offers at NYC BB. If they were doing Miami IB that'd be a different story.

NYC BB has no reason to recruit at Miami for FO, hell, they hardly recruit for NYC IB at schools like Emory, Northwestern and Vanderbilt.

As for the school, don't get me wrong- I like the U, I just happen to think that most people who attend there go for the weather and the social scene.

Mar 19, 2010 - 9:15am
runningcitylikediddy:
all you need to know is that Miami is better than University of Florida.

As long as your parents have 40k/year to drop on tuition and assuming that bit about 6 going to GS/Citi/JPM this year is true, Miami places slightly better. But if you can afford Miami or are poor enough for need-based aid, why wouldn't you go to HYPW where you don't have to worry about whether you're a semi-target or just a non-target.

Mar 19, 2010 - 2:18pm
Tennis11:
runningcitylikediddy:
all you need to know is that Miami is better than University of Florida.

As long as your parents have 40k/year to drop on tuition and assuming that bit about 6 going to GS/Citi/JPM this year is true, Miami places slightly better. But if you can afford Miami or are poor enough for need-based aid, why wouldn't you go to HYPW where you don't have to worry about whether you're a semi-target or just a non-target.

Its actually 47k (includ housing) now.. tuition getting crazy for sure.. I know many guys dropped out during recession coz they cannot afford.

Signs of Recession: Banker: “Where’s me Bonus?” Yuppie: “Whadya mean I have to actually work?” Fox Rock Mum: “Lidl’s the place to be seen in now!” Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
May 6, 2010 - 4:16pm

UM has the kids capable of doing IBD, but the school doesnt push and stimulate students to pursue that option.. Too many kids settle for being management and marketing majors just because it seems easy and they dont know any better.. Not saying the BBs are stupid for not recruiting more, but the middle market firms should definitely look.

Sep 5, 2010 - 12:11pm

i don't know UM's recruiting numbers, but i CAN say this: I have exactly 16 friends from HS who went to UM...From what I remember, I was HS salutatorian, and 5 out of that 16 were directly under me, in my senior class of around 720. We were all National Finalists for the PSATs, so you can assume their SAT scores were pretty damn high. I almost went to UM myself, over Wharton simply because they are on a scholarship spending spree - ALL of us got a full ride to UM and if you weren't rich or didn't go to an Ivy with 100% financial aid, it was a damn good deal. The qualification for an automatic full ride at UM was >1500 SATs (Verbal + Math) and top 5% of high school class. From what I know, UM hands out 25-75 full rides per year, in a class of only 1500-2000. They handed out over 100 75%-"rides" as well, and to get that one you needed >1400 SATs and top 7% of class.

Around 8 of the 16 guys from HS I know were 1-2 years ahead of me, so they graduated UM. 1 of them will be going to Harvard Law, another to UPenn Law, another to Columbia's Med School, another to Yale Law, and a couple to Harvard's other grad schools. I personally met a guy at UM (from visiting my HS friends) who double majored in Physics/BME and is now at Cornell Financial Engineering for grad school.

Some of those kids are no joke. Cut the elitism guys - it's what gives us ivies a bad rep.

Sep 5, 2010 - 9:30pm
lookatmycock:
i don't know UM's recruiting numbers, but i CAN say this: I have exactly 16 friends from HS who went to UM...From what I remember, I was HS salutatorian, and 5 out of that 16 were directly under me, in my senior class of around 720. We were all National Finalists for the PSATs, so you can assume their SAT scores were pretty damn high. I almost went to UM myself, over Wharton simply because they are on a scholarship spending spree - ALL of us got a full ride to UM and if you weren't rich or didn't go to an Ivy with 100% financial aid, it was a damn good deal. The qualification for an automatic full ride at UM was >1500 SATs (Verbal + Math) and top 5% of high school class. From what I know, UM hands out 25-75 full rides per year, in a class of only 1500-2000. They handed out over 100 75%-"rides" as well, and to get that one you needed >1400 SATs and top 7% of class.

Around 8 of the 16 guys from HS I know were 1-2 years ahead of me, so they graduated UM. 1 of them will be going to Harvard Law, another to UPenn Law, another to Columbia's Med School, another to Yale Law, and a couple to Harvard's other grad schools. I personally met a guy at UM (from visiting my HS friends) who double majored in Physics/BME and is now at Cornell Financial Engineering for grad school.

Some of those kids are no joke. Cut the elitism guys - it's what gives us ivies a bad rep.

This is what I was talking about when I said UM is a good school and is generally well respected. It may not be a target for bulge bracket Wall Street investment banks but getting into banking, law school and medical school is not an issue.

Array

Sep 11, 2010 - 7:14pm

Does anybody have a list of investment banks that recruit on campus or even go to career expos offering FO positions to Miami students? I am a high school student and when picking a college it is good to know the opportunity for your future there. So please if anybody goes to miami and has seen recruiters from investment banks, hedge funds, private equity, or anything having to do with wall street in either Miami or New york or anywhere in the country please post, I am desperate for information.

Dec 13, 2010 - 10:14am

UMiami is the best school in Florida, better than Florida.

USNews 2011 Rankings:

45 Texas, Wisconsin

47 UMiami, Illinois, PennState

50 Yeshiva

51 George Washington, Tulane

53 Pepperdine, Florida

Sounds to me that being the best university in the third most populated state (Florida) in the country is not small accomplishment.

Dec 13, 2010 - 5:11pm
Primetime:
Florida is still a better school than Miami, regardless of those rankings.

And I should take your word for it over USNews, uh? ;-)

Florida is a good state school. UMiami is private and more elite which means better for banking.

Dec 16, 2010 - 12:08pm

I think they are both right on par with each other. For a majority of kids in-state however it makes sense to go to UF because of bright-futures. UF also building a good reputation amongst the BB and elite boutiques and are actively recruited at. I have seen the following posting on career center job boards:

Suntrust IBD, Wells Fargo IBD, Morgan Keegan IBD, Raymond James IBD, JP Morgan IBD

The MSF program is placing extremely well and as the reputation of the program grows will naturally only help IBD placement from the school as a whole.

I don't know Miami's IBD prospects, but I am sure like most schools there are a few students that get in each year through alumni networking.

My guess would be its easier to have OCR and land an offer, than networking and cold-calling.

Dec 16, 2010 - 1:18pm

Dumbest argument ever. They are both non-targets. You have to network to get an IB job. Neither of the school's is better than the other, they may be slightly stronger in some areas and weaker in others. If your school is within 20 positions of another school on USNWR, your school is probably just as good.

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
Dec 16, 2010 - 1:19pm

Miami University for investment banking (Originally Posted: 12/17/2014)

Hey guys, I'm applying to NYU Stern for admission in the fall but just in case that doesn't work out my back up is Miami University in Ohio. What are the chances of ever breaking into IB coming from a non-target school like Miami?

Dec 16, 2010 - 1:20pm

Like it is for any non-target, not great, and Ohio has never known as a financial center. You have to network a lot to get somewhere. Nevertheless, Miami is one of the better schools as far as non-targets go.

My personal view on non-targets is that you should just choose whichever school it will cost you the least to go to.

Dec 16, 2010 - 1:21pm

What is the significance of Miami University as a backup? Are you from Ohio and wanting to pay in-state tuition? I'm assuming that this is undergrad.

"Decide what to be and go be it." - The Avett Brothers
Dec 16, 2010 - 1:22pm

There are some IBs recruiting on-campus now, primarily for their Chicago, Columbus, and Cleveland offices. Miami sends a few kids to NY every year, but only a handful.

you didn't make good choices; you had good choices

Dec 16, 2010 - 1:24pm

These are also vastly different schools from a college experience perspective. Both places have a good business school and will open doors in the future. Figure out if you want to spend four years having the traditional college campus experience in a cornfield, or a very un-traditional college experience in the middle of Manhattan.

you didn't make good choices; you had good choices

Dec 16, 2010 - 1:28pm

Need advice. Recruiting at the University of Miami (Originally Posted: 12/28/2011)

Hi Guys,
I was recently accepted to the University of Miami's BS/MD program with a really good scholarship (Almost Hundred Percent). I'm really considering to go here since I have a guaranteed spot into medical school (this would be a great backup if I'm not able to break into IBD), however I don't know how good the recruiting is at the University of Miami. I have also been accepted to a target school as well (Uchicago) and I am waiting on others, but no targets have bs/md programs. With the current state of the economy, the medical school backup is really nice and I do not want to overlook this opportunity. If I decide to go to the University of Miami, would I be able to break into something like healthcare consulting or healthcare private equity, maybe even into some of the BBs? ? My major would most likely be Economics with the medical school requirements.

Thanks

Dec 16, 2010 - 1:30pm

Yeah..I don't think these companies go to Florida looking for talent.

alpha currency trader wanna-be
Dec 16, 2010 - 1:33pm

I'm just a student, but here are a couple of thoughts:

1) Med school shouldn't be a back up to IBD. You should figure out whether you want to do finance or medicine. You will have a very difficult time at either Miami or Chicago trying to prepare for a medical and finance career. You will have an even more difficult time enjoying any of what both those schools have to offer. DO NOT GO TO MED SCHOOL AS A BACKUP. The last thing you need is to pay for even a year of med school without having your heart fully in it. At least with finance after undergrad you will be (hopefully) getting a paycheck.

2) Chicago is a better school, and it has a far better connection to the finance industry than Miami will probably ever have.

3) The money thing is important. This brings us back to the finance vs medicine question. If you absolutely know you want to do medicine, then go for Miami and graduate with little to no debt. This will be great to not have to worry about after med school. If you think you might want to do finance, and you think you're smart/hard working enough to get a good job, go to Chicago. You'll take a while to pay off the debt, but the connections you build to the finance world, assuming you network and meet people, are worth more than the tuition in my opinion.

4) Non targets break into IB all the time. This does not mean it will be easy. You will have to work your ass off to show the BBs you are as capable as the guy who chose to go to Chicago.

There's a million pieces of advice I want to give you here, but I can't stick around for hours doing it. Read around this site, thousands of students have asked similar questions. You'll also learn a lot more about IB and related industries (hedge funds, Asset Management, consulting, trading, etc). Pay close attention to what ANT, CompBanker, Edmundo Braverman, and the other Certified Users have to say.

The most important thing here is not lying to yourself about what you want. If you think that all you want is a million dollar paycheck, you're wrong. If you enjoy medicine, you'll be infinitely happier collecting a $250k paycheck than if you suck it up and do IB in the hopes that one day you'll snag a 7 figure check and vice versa. Being happy with your work also means you'll probably do a better job, advance more quickly, and have a more fulfilling life. Good luck, PM if you want to talk more about it.

PS- I went through this whole thread without saying it, but I can't hold onto it anymore: fuck the dirty U.

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
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Dec 16, 2010 - 1:34pm

Are you bilingual? If so, then UM will set you up fairly well for local recruiting. It also sets you up well for FL recruiting in general. These are more local/regional boutiques and MM, though (some with HC focus), so if you have BB aspirations, then Chicago is the route to go.

However, essentially free college is difficult to beat and you could always network your way into where you want to be. I know that UM has placed several people in BB roles in the past (didn't get an exact number or how many were FO roles), so you would have a small alumni network for the BB route. Is this almost 100% scholarship good for all 4 years, or is it a teaser for your freshman year? I would also clarify this before confirming UM.

Dec 16, 2010 - 1:35pm

Thanks for the great responses guys.
No I am not bilingual unfortunately. Yes I can safely say this 100 percent for all 4 years. Total tuition at UM is 38k. I will receive 32k from merit and 6k from financial aid, however I will be living at home. My package at Chicago was somewhat decent. My EFC is roughly 22k per year for Chicago of which my parents will pay 12k (Leaves me in debt for 40k, lets say 50k to be safe).
I saw some buildings here in downtown/biscaynbe blvd today, including a Bank of American and JPMorgan. They're pretty big, so I'm guessing they have an IBD division. Anyways, is it almost a necessity to be bilingual to get a FO position here in Miami?

Dec 16, 2010 - 1:36pm

Honestly I think the rational choice would be University of Miami. You'll be partying it up in miami, with hot chicks, and beaches. Many people here are obssessed with prestige and name brand but honestly excel at Miami and you will probably end up better than someone who had an average performance at Chicago. Not only that, but your getting almost 100% for financial aid package. If I was in your place, I'd choose Miami and go to med school if you change ur mind before hand you can always transfer.

Dec 16, 2010 - 1:37pm

University Of Miami (Originally Posted: 09/03/2010)

I was looking at Miami's On Campus Recruiting List and it is quite impressive. It Includes Barclays, Citi, JPMorgan, Morgan Stanley, Raymond James, TD Bank and other well known firms. My question is, are these back office jobs or real investment banking opportunities? It would be really helpful if a current student gave insight to the topic at hand. Being that Miami is my favorite school and I really want to go there, I will go wherever the best opportunities for investment banking are which is why i am pressing this topic so hard to find out if there is a good chance at becoming an investment banker from miami. So, anybody with information regarding who else recruits on campus and numbers as to previous classes and amount of investment banking internship and full time opportunities that you know about PLEASE SHARE! If anybody has a list of investment banks that recruit on campus, that would also be EXTREMELY helpful!

Dec 16, 2010 - 1:42pm

i don't know UM's recruiting numbers, but i CAN say this: I have exactly 16 friends from HS who went to UM...From what I remember, I was HS salutatorian, and 5 out of that 16 were directly under me, in my senior class of around 720. We were all National Finalists for the PSATs, so you can assume their SAT scores were pretty damn high. I almost went to UM myself, over Wharton simply because they are on a scholarship spending spree - ALL of us got a full ride to UM and if you weren't rich or didn't go to an Ivy with 100% financial aid, it was a damn good deal. The qualification for an automatic full ride at UM was >1500 SATs (Verbal + Math) and top 5% of high school class. From what I know, UM hands out 25-75 full rides per year, in a class of only 1500-2000. They handed out over 100 75%-"rides" as well, and to get that one you needed >1400 SATs and top 7% of class.

Around 8 of the 16 guys from HS I know were 1-2 years ahead of me, so they graduated UM. 1 of them will be going to Harvard Law, another to UPenn Law, another to Columbia's Med School, another to Yale Law, and a couple to Harvard's other grad schools. I personally met a guy at UM (from visiting my HS friends) who double majored in Physics/BME and is now at Cornell Financial Engineering for grad school.

Some of those kids are no joke. Cut the elitism guys - it's what gives us ivies a bad rep.

Dec 16, 2010 - 1:43pm

i think the main subject was whether banks recruited at UM for FO positions, not whether the school has capable/intelligent people

Dec 16, 2010 - 1:44pm

Did I miss something? Were posts deleted? Because otherwise I don't know where you are seeing all the elitism... it seemed like people were mostly telling the OP facts that he'll have to do it on his own for the most part because the recruiting is primarily BO/MO.

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard.
-30 Rock

Dec 16, 2010 - 1:45pm

U of Miami probably has a pretty loyal and large alumni base. Whenever you go to a school centered around sports you usually find alumni who are passionate and easy to relate to (because of sports talk).

Not a target, mostly BO on campus, but if you do well, network and have some relevant internships you should be able to pull something off.

Dec 16, 2010 - 1:46pm

What is BO? Also thank you for all the input. If there is any current students reading that could elaborate for sure in depth about the on campus recruitment from investment banks either BB or regional and also verify 100 % that there is only ops positions, not that I dont trust the above posters opinions but with message boards you can never be too sure.

Dec 16, 2010 - 1:47pm

BO = Back Office = Operations, etc.
MO = Middle Office = Risk Management, etc.
FO = Front Office = Banking/S&T/Capital Markets etc.

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard.
-30 Rock

Dec 16, 2010 - 1:49pm

There is a huge difference in bonus between BO & FO, it grows exponentially at higher levels. There is room to move up within BO, but movement between BO & FO is unlikely without graduate school (its more likely on markets side than IBD... but even then still a long shot).

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard.
-30 Rock

Dec 16, 2010 - 1:51pm

University of Miami 2017 Undergrad (Originally Posted: 10/22/2017)

High school senior. Looking for some advice. Looking at U Miami. Can I get a FO or MO job coming out of here? How about Boston University Questrom or Fordham Gabelli? Univ Pitt Katz? Thanks in advance for any advice.

Dec 16, 2010 - 1:52pm

it's not impossible but will be tough from all the schools you mentioned as they are non-targets. you'll need to be aggressive and network hard.

Dec 16, 2010 - 1:53pm
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