UT Austin vs GT for NYC Banking

Hey y'all, I'm a current HS Senior who was accepted into both of these schools for business. I'm in state for GT and OOS for Ut Austin (no Business Honors). I was just wondering how is UT Austin for NYC banking and would it be worth it to go out of state. I'm not 100% sure I wanna go into the field but definitely want to explore it in college. My parents are willing to pay either way but wanted to get some more opinions before we make a decision. It would be great to hear from alumni or current students from both schools.

Comments (25)

 
  • Analyst 2 in IB-M&A
Feb 18, 2021 - 2:28pm

Fellow Georgian here - I know a handful of kids from GT who placed into IB, but they often started in MM IB and lateraled to BB. Generally, GT is a really tough school academically due to the STEM focus. Would be much easier to place coming out of UT Austin.

 
Feb 18, 2021 - 2:44pm

WallStreetMark

Idk what these acronyms are but if you got into the business school at UT Austin I'd go with that any day of the week over almost any school that isn't Ivy League if you wanna do banking

lol one of the worst comments on this site. UT Austin non BHP is really tough to place in Texas with Houston banks lowering their analyst headcount. You need to be in the IB clubs or whatever or you're screwed.

I think UT BHP places to NYC more than the IB clubs. Will be tough if you're white or Asian male. 

 
Feb 18, 2021 - 6:28pm

This is unequivocally false. I work in Houston IB and Texas (non-BHP, non-clubs) absolutely rule the street down here. My buddies at NYC banks / PE also like hiring UT kids. I would say its a cut below the ivy's but on par with Michigan, UVA and Berkley for IB. what informed your perspective on this?

 
  • Intern in IB - Gen
Feb 18, 2021 - 3:01pm

Haha I agree taking UT Austin non BHP over almost any Ivy schools so what are Duke, Stern, Ross, Georgetown, Berkeley chop liver?

 
  • Analyst 1 in IB - DCM
Feb 18, 2021 - 3:05pm

Can't speak to GT, but UT has well defined pipelines into NYC BBs and EBs and I believe there is increasing emphasis in NYC placement (see the WSFM program for example). Non-BHP students still do quite well in recruiting, as I know several at lofty places like Point72 and Citadel, but these are of course some of the strongest students in the class. There are several clubs (ex. USIT, TUIT) /programs (ex. WSFM, FAP) that are great for recruiting nationally, and are very helpful if interested in NYC specifically.

 
  • Intern in IB - Gen
Feb 18, 2021 - 3:29pm

As an also Georgia resident who went to an OOS private target, I would say honestly, UGA may be better for NYC IB than GT -- I know lots of HS friends, frat bros, etc. who went to UGA and ended up in NYC, even at EBs. GT doesn't really send people there for IB. Sure, should you wanna do anything else, GT is probably way better. But IB from UGA isn't that uncommon.

 
  • Intern in IB - Gen
Feb 18, 2021 - 5:30pm

Was in the same bucket as you at one point man, I know exactly how ya feel. But for IB (and only IB) UGA is the better route imo

 
Feb 19, 2021 - 1:32pm

It is not going to be a walk in the park at either school. I like that there is a very large network at UT and you can get internships at a variety of places in your first couple years, but it is difficult to get into a finance org (as it is at most schools), so I would not expect it to be very easy at UT. I honestly cannot tell you how employers view BHP vs. non-BHP, but BHP students are oftentimes just very qualified for the opportunities they receive.  

The big difference is that Gtech Scheller has 150 students per class while UT McCombs has 1000. That ultimately means that Gtech has a much smaller alumni base and presence, but as an above poster has said, Gtech is expanding its presence. At the same time, only choose UT if it is comfortable for you and your family to pay the $30k per year premium. 

I am not going to try to make the decision for you, but its not going to be easy at either college. I would not choose UT expecting it to be smooth sailing to IB, espcially because the cost difference is substantial. Do not forget, talking to people at the school directly is gonna give you the most insight rather than random people on this forum (who are all pretty much college students who are not qualified to make a decision on your behalf). Also, I would not consider heavily peoples' individual social experiences. At the end of the day, the social aspect of college is pretty much up to you. 

 

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