UT Austin vs. Michigan vs. Carnegie Mellon (Undergrad)

I'm interested into going to S&T, more specifically trading, preferably somewhere in NYC, but I wouldn't mind Chicago. Ideally I'd like to be at a BB, but I understand that I'll probably have to start somewhere smaller.

I'm currently accepted as an engineering major at all three schools because I think being a quant would help me more than having a BBA, but I'm considering switching majors.

Basically my question is from a purely career standpoint, which school would give me the best chances to make it in NYC? And if I choose to go to any particular school for monetary/social reasons, would I be significantly disadvantaged?

 

Although UT's great for IBD recruiting in NYC and Houston, it isn't really for S&T. Michigan is a bonafide target for most BBs and I think you'd have a better shot going there. I can't comment directly on Carnegie Mellon, but I haven't encountered anyone from there working in finance.

 

CMU is the best for techie stuff like comp sci but the social life would be terrible. A ton of nerdy guys and no girls and its in Pittsburg definite pass. Michigan is probably the best all around. Well respected, you can place in pretty much anything. UT Austin would be the most fun but would limit you a little in terms of placing to banking in NYC. Go with Michigan

 

Libero nobis commodi porro eos numquam magnam. Rerum et distinctio vitae qui deleniti facilis. Est nostrum voluptatibus recusandae. Molestias ratione ad rerum sequi ea dolores vel.

Cumque vel magni quia similique culpa deserunt vel. Maxime nihil rerum delectus sit. Aut est nisi excepturi soluta alias. Iusto numquam nihil aut pariatur qui aut est.

Maxime et autem aperiam quaerat. Id saepe ab in qui eius. Voluptate eaque nesciunt sed ut officia tempora. Enim impedit rerum eum repudiandae quisquam.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”