I want to preface this by asking if anyone has been to either of these schools. If you have, please PM me!
I am currently a senior in highschool and was accepted to the Business Honors Program at UT Austin as an out-of-state applicant and NYU Stern. I was pleasently suprised with both acceptances.
However, I applied Early Decision to NYU Stern before getting the UT BHP decision. Now, I have until the end of this month to decide (I have the option of pulling out for financial reasons. NYU made it easy).
UT Austin will cost me about 80k less than NYU, and if I get residency, it will about 170k less. I may be able to negogiate financial aid down at NYU. My parents say they will try to figure out money for NYU if I choose (worst case taking out 80k in loans), but I will need to pay for grad school. If I attend UT Austin, my parents can pay for undergrad and grad.
I know NYU is not talked of highly on this forum, but I really am interested in the school (student life seems fine for me, Stern Talks, pre-professional clubs, internships during the year, the city, study abroad, dedicated students). UT Austin is also a very nice school with laid back kids and a beautiful campus, but I am worried my opportunities will be limited and I will not be pushed to do the best I can.
How significant is the difference in opportunities between NYU Stern and UT Austin? I am interested in both finance and consulting roles as of now. I think NYC jobs have more exit opportunities so I will be aiming for there.
Just some data. According to Poet's and Quants for class of 2019, NYU Stern avg. salary is $79k and $85k with bonus. UT Austin's avg. salary is $68k and $72k with bonus. On NYU's wesbites, Sterns avg. starting salary increased from $72k in 2017 to $80k in 2018 to $85k in 2019 . On UT Austin's website, BHP's salary increased from $71k in 2017 to $76k in 2018 or 2019 (Says 2018-2019 BBA Salary Survey, not sure if that is for class of 2018 or 2019). Only 10% of UT Austin went to NYC (about 110 kids, while BHP has 130 kids).
It seems like everyone I know thinks of NYU Stern as very prestigious while UT Austin not so much, and I am wondering if that thinking is the same with NYC recruiting. Also, if I have a big name like NYU Stern, do I need an MBA?
Again, if anyone has attended either of these schools or if familiar with recruiting at both of these schools, please PM me.