Which (of these) is the best undergraduate business school for IB

cbriggs's picture
Rank: Chimp | 3

I k the titles kinda (cliche?).
Ok, dilemma: I'm a strong student (4.08 weighted, 1550/2220 sat) and I want to get into Ibanking after my bachelors. My problem is I didnt really do much ec or anything else during HS, so I didnt get into any of the 3 ivys i applied to or uchicago or washU. So... I'm left with the other colleges I applied to. Which are Indiana University, Grinnell, Macalester (I'll leave the rest out; I dont think grinnell or macalester will have any street presence much less depauw, case western, etc)

Ive heard a lot about IUs IB workshop thing, which is supposed to have pretty much guranteed placement. I'm a pretty strong student (esp for IUs anemic acceptance requirements) but I'm sure there are a lot of great students with 30k+ kids. Kinda wish I wouldve applied to ann arbor and such now, but whats done is done. What do you guys think? Top LAC (arguably i guess) or IU?

Region: 
United States - Midwest

Comments (15)

  • gnicholas
  •  Mar 30, 2011

Did you happen to get waitlisted at U Chicago or Wash U? I know those schools waitlist a lot of people and if you were one of them you should definitely write letters to both of their admissions departments affirming your desire to go to their schools, as both of them are much better for ibanking than the others.

Mar 30, 2011

This is pretty sad... Your do realize if you go IU, or any of the colleges u mentioned above, you're going to be with your fellow classmates who scored 3.2s and gotten 1800s on their SATs... I'd say go with the intention of transferring right out - with those HS stats it wouldn't be too hard to transfer out to like Cornell or NYU Stern where you will have a much better shot at banking

EDIT: *wouldn't be too hard

I like Dick

Mar 30, 2011

think he means it wouldn't be too hard... just a clarification... and i agree... Cornell and NYU would give you a much better shot even over Indiana

Mar 30, 2011

A. What a waste, you're the typical wannabe banker. Smart and that's it; so far, at least.
B. Why would you apply to IU and not Mich..2 strikes
C. No school has guaranteed palcement.. Jackass..Strike 3

If you're not from a hardcore target, you better get some butter on your resume. GPA alone wont get you an interview, and once you're in an interview, they don't have a damn about your GPA.

Mar 31, 2011

Well, to start, I padded the thing like crazy. Suffice to say there was probably nothing 100% true. I didnt really make up any leadership positions to speak of tho. Most of it was embellishing on things I'd actually done (I'd actually done a few nice things, placed nationally in Science Olympiad, lots of volunteering, every BS club at the HS) Really dont know exactly what the issue was.
To defend myself a bit from the seeming hostility coming from suntzu, how am I smart and thats it? Im a highschooler, Ive been doing things I like for the past 4 years, driving autocross, building pcs for the elderly so they can keep in contact w/ their families easier, etc. I wasnt interested in glittering some posters for student council president. As to the second, I'll be honest: I screwed up there. I was banking on getting into Uchicago, WashU, one of the three ivies, or JHU: whats more, I've had a bit of a bias living in indiana (i.e counselors, etc assert its the best business school in the universe) also full ride at IU sweetened the deal. thirdly, I didnt even come close to asking for guranteed placement; you'll notice my question says nothing about it. I simply mentioned a seemingly impressive fact about a program. Did you honestly think I thought somewhere would get me in automatically? You really thought that was my implication? You are the reason that despite the overall genuine decency I find on these forums and from people I know in the industry, people think all IBers are arrogant jerks.

That being said, thank you all for the comments. I did get waitlisted at WashU, but from what ive heard, theres really no getting off it. Last year nobody got off it and they put tons of people on it; I'm gonna give it a shot tho.

Transferrings something I'd never really thought about. I haven't researched how difficult something like that is. Do you think somewhere like Grinnell (which I also got pretty much full ride to) would be easier to transfer out of to somewhere better than IU?

Not to bitch about suntzu again, but he really iterated my antithesis point: If I do go to IU and stayed there, every year 60-70 people manage to get into IB. To provide an oversimplification, If I can place myself in the top 70 at IU, statistically I would get in. Of course, thats not how it works, but I could also be top of my class at Harvard and blow my interviews then end up giving old people over-the-phone advice on their portfolios for the next 30 years. You all know the job market better than I, how important is the name drop/"better" education? And how important if I'd like to get a masters after a few years working?

Again, thanks for all the advice. I've found this most helpful.

Mar 31, 2011

Quick question, why do you want to be a banker?

You seem like someone who could do well in any field.

Mar 31, 2011

Well, I really like economics for one. I'd always planned on being a chem/biomed researcher before I really knew what IBanking was, and I find they're really similar fields. I also am good at math and don't hate it (I dont love it and want to make a career out of diff eq tho). I also really like the opportunity for advancement; most careers have somewhat of a cap in terms of advancement, and I feel like I'd get apathetic. If I became a cardiologist, after residency I'd be a cardiologist and when I died, I'd be a cardiologist. Idk, I guess it seems like without goals to strive for, my career would become meaningless.

Mar 31, 2011

Well, I really like economics for one.

I'm in High School and even I know that econ has nothing to do with banking.

learn 2 corparate finance.

    • 2
Mar 31, 2011
euroazn:

Well, I really like economics for one.

I'm in High School and even I know that econ has nothing to do with banking.

learn 2 corparate finance.

I would venture the reason econ majors are the third most populus major in IB doesnt have to do with their looks neither their math or people skills (or they'd hire engineers and MBAs). Economics is a very blanket field; it could conceivably cover all of finance. A major component of economics is how people think about money and another is how the market works- both are important to banking, or at least thats the way it seems to me.

Apr 1, 2011

^according to this:

http://kelley.iu.edu/Finance/Undergrad/InvestmentB...
There were 277 students placed in IB from the IB Network between 2004-2008. 277/5 >>>> 10 students per year. I know quite a few people from the Kelley School of Business and the workshop essentially places 25-30 kids into BB/elite boutique every year. Oh, and on a side note I actually attend WashU and I'd say it's about the same for IB as IU. Not better or worse, just the same.

Apr 1, 2011
nelly0:

^according to this:

http://kelley.iu.edu/Finance/Undergrad/InvestmentB...
There were 277 students placed in IB from the IB Network between 2004-2008. 277/5 >>>> 10 students per year. I know quite a few people from the Kelley School of Business and the workshop essentially places 25-30 kids into BB/elite boutique every year. Oh, and on a side note I actually attend WashU and I'd say it's about the same for IB as IU. Not better or worse, just the same.

277/5 = 55 ish. Are you saying half of those get placed into BB's/elite boutiques? I call BS.
20 maybe, but then you still get some BB's that people frown upon like BAML or UBS.

That being said, if Indiana University is your cheapest choice, do it.

Apr 1, 2011

^your in high school kid, if in 4 years you can get into BAML or UBS then come back and talk about how they are "frowned upon". Until then maybe you should stfu bc you obviously have no idea what you are talking about.

Apr 1, 2011

There are about 25 people in the investment banking workshop which has about 100% in BB/elite boutiques. Its not a guaranteed placement but these students normally have the resume to get an internship then receive a FT offer after. There is also the investment banking seminar which last year placed about 25/40 people into mostly elite boutiques/ smaller firms but it is possible to go BB from the seminar. There are also people that place in IB that are not in either of these programs. If you came to IU set on doing IB, the resources are there to place anywhere it all depends on if you take advantage of them and then of course, personality/fit.

Apr 3, 2011

Between the IB Workshop, IB Seminar, and students who are in neither at least 45 go to BB/elite boutiques a year. Additionally many more go onto the mid market.

You have to remember that IU is a very different school when you compare to the rest in the top 20. IU has over 4800 undergrads so you have a bit of everything. The difference between the bottom 25% and top 25% of Kelley students is massive compared to other prestigious schools. IU also takes special measures to take care of it's top 10% in the business school with honors program.

Additionally, the cost is really the dealmaker. If you're good you'll get to Wall Street no matter what, the question is how much college debt you want to go to Wall Street with.

Also, IU gives you an incredible culture and the ultimate Big 10 experience. One visit to the campus and you'll see what I'm talking about.

Jul 9, 2013
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