Villanova, Michigan, or University of Oregon
I am an ambitious high school senior who has a dream of working on Wall Street. Specifically in Risk Management/Analysis.
Now, my three options for college are University of Michigan, Villanova, and the University of Oregon.
Oregon: I could go to UO and have zero debt as it is my state school and I received a scholarship. However, Oregon is not at all a target for Wall Street.
Villanova: If I choose to go to Villanova, I would graduate with around $80k in debt. I am not in the business school but I am in the College of Arts and Science planning to major in economics.
Michigan: Have not received an aid package yet, but I doubt the package would be better than Villanova's. I was accepted to LSA with the plan of majoring in economics. At Michigan, I have the opportunity to cross-campus transfer to Ross after my freshman year, but this is no guarantee.
What do you guys think? Is it worth to go to Michigan or Villanova if it means taking on $80k worth of student loans? Or would it make more sense to go to Oregon and then try to get the best MBA I possibly could? I plan to get my MBA regardless of where I choose to get my undergrad.
Do first-year analysts ever come to Wall Street with this much debt? $80k seems like an astronomical amount for an analyst to pay off. The monthly payment for a 10-year plan would be $928.87. Don't analysts make 65-75k not including bonuses?
Don't worry about payoff calculations. Once you learn amortization and tax rules you'll figure. Youll realize tour salary is at least third lower before rent and living costs eats up, And you'd need to be dumb enough to not get promoted in ten years.
On the downside, that's a lot of money before you know how to figure. UM is the best in reputation, but freebie @ Oregon can't hurt. I would either deal with UM package, or just get my 101 level classes knocked away free @ Oregon before transferring into a UM tier school (no guarantee here, a risk)
Michigan hands down. Although I do know a kid from Oregon who just got an offer at Blackstone.
Tech_PE_Girl_89 Even if it means being 80k+ in debt?
antivirus Are you saying that 80k debt is something I shouldn't be too worried about? Can you clarify?
80k is a lot of money, a shit ton of money that you could spend on 1/2 of MBA tuition...
Unless you operate in billionaire mode. I would only pay that kind of thing IF it's real real promising. UM imo is that kind, but Villanova isn't - unless you like their basketball so much....
Michigan all the way. Great school, huge network all over the country. 80k in debt isn't that much, especially if you end up working on Wall St. You'll be fine.
Every one of these assumptions is predicated on getting a job in IB, especially with a slowing economy and market.
IMO, id go to Oregon. It’s a very good school, great college experience and zero debt. And you won’t have to work in IB to break even. And trust me, not everyone gets into IB right away, gets into a good bank or even likes it. And if you’re not in a BB or a top MM, your trajectory isn’t as meteroic and your Comp isn’t what they pimp on this day dream factory.
Oregon, get a great gpa, intern. See what your options are to transfer two years later to a guaranteed target if you still want to do IB. You could prob get IB from Oregon as well.
At the same time, if money doesn't matter for you at all go where you want.
If you are worried about opps at Oregon, simply LinkedIn stalk some alum and current students and ask them their advice.
Also, consider where you want to live after school, you've implied you live in Oregon but are also considering Central and East parts of the country for school with plans to move to NYC for Wallstreet. There are a lot of moving pieces so just do a bit more research on why Wallstreet (vs West cost banking) and if living in NYC is what you want (I understand that it's your "dream"). Best of luck!
Villanova is an interesting option just cause it just posted its lowest acceptance rate in history (29%). In 2016 it was 40% and in 2017 it was 36%. The acceptance rate is only expected to go down. However, Michigan is superior in every aspect. I just haven't received an aid package from Michigan and I don't know what I will get from them.
Oregon with no debt is great, but I want to work on Wall Street and it's absolutely not a target. Also, as I want to get a top-notch MBA, and the prestige of your undergrad matters as far as I understand. One of my parents is kinda opposed to me going to Oregon because we have family friends who said they did not like it all. It's a very difficult decision. antivirus @TNA" I_Don't_Even_Go_Here 444
Cal or WUSTL consistently offer low admit rates. And they're still better than Nova as regional powerhouses. But take it if you wanna.
I'm at MBA business schools">M7 -good undergrad name helps but you also don't want to bankrupt yourself if MBA means another big ass loan. The tuition bill doesn't include your living expenses, and money you will need in hand for most cases.
The 80k of debt includes everything- transportation, personal, books etc.
I'm pretty sure it will be a cost overrun classic
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