As the title suggests, I was admitted to Yale SOM and NYU stern for the full-time 2 year MBA starting fall of 2021. I am interested in going into IB and have been leaning towards picking Stern due to its strength in finance and wall street. It appears that Stern places well at most top groups in BBs and has great representation at EBs.
However, I really like Yale's energy and the lower COL in New Haven and more collegial feel is a big draw. NYU obviously is a big draw for those who already live in NYC and I worry that I won't be able to make the same connections that happen when everyone is moving to New Haven and finding new spots together.
I guess my big question is how well does Yale SOM place on Wall Street? if it is similar to NYU then I would pick Yale SOM. I am considered a "diverse" candidate and am planning on applying to Evercore's MBA fellowship (due this summer), Morgan Stanley's Early Insights Program, and JP Morgan's Early Advantage program so potentially would be securing an internship prior to even going to campus.
What kind of work experience did you have?
consulting, will have 4 years total WE by this fall
I’d go with Yale SOM, for some reason, no one at my bank likes people from stern
and do you think someone from Yale SOM would have a chance to recruit at most groups at your bank?
I know all BBs recruit at SOM and PJT/EVR may not recruit at a few programs in the south, not sure about SOM. Asking for the group is the right question and I don't think our M&A group go outside of M7.
With that being said, all groups have their preferences and some EB run a generalist program. Botton line is, with the right amount of networking, Yale alumni can get you any IB group's first round you want
You should have no problem getting into a top bank from either school, I'd choose on fit here. Sounds like you prefer SOM.
I never understood the appeal of Yale's MBA. Maybe I'm not seeing something, but their employment report is unspectacular for a T10-12 school. I mean, only about 10% of Yale SOM goes to IB. That's IB as a whole, not just BBs/EBs. A school like Stern sends roughly 30%. And that's not because Yale out-places Stern in another field: they send similar % into consulting, which is supposed to be Yale's great strength. Judging based on median salaries, it even seems that Stern out-places Yale for MBB. I don't know, maybe it's just me, but solely based on stats, Yale's MBA seems pretty overrated to me
Not sure how this works because I haven’t done an MBA, but could you argue that the higher % of students gunning for IB at Stern makes it more competitive and thus it would be easier to stand out at SOM? Probably overthinking it but curious if there’s any truth to that
Depends on what you want from an MBA program, as well as short term and long term benefits in my view.
Stern is a powerhouse in finance, and you can certainly land an IB job from their MBA program. But it's also a city school with a less cohesive class and mixed alumni network. Yale SOM is a new comer in terms of top MBAs. After Dean Synder and the new building came together, through a lot of hard work, the program took off. You can certainly land an IB job from SOM, but the school isn’t ‘known’ for IB placement as Stern in. It is however known for a tight knit smart class and amazing University alumni base.
I’d give Stern a short term edge (post-MBA placement) and SOM a more long term edge (tapping the Uni alumni network).
If you’re confident you can land an IB job from Yale and are more of a ‘networker’ type who can use the Yale alumni network, SOM may be a better fit.
If you’d like the more straight forward placement into IB, Stern fits the bill.
As a side note, I have a friend who’s a 1st year MBA ‘diversity’ consulting candidate at a T20 program and found it hard to not land a T2 summer consulting internship. Not sure how that stacks up w/ IB though.
Good luck!!!
Yale SOM, you’ll get similar looks for the most part. Smaller cohort doing banking should give you shots at spots. Stern and SOM have the same number of spots each year at my bank. There are some groups that skew to Stern but others have more Yale SOM people. But you won’t go wrong with stern but sounds like you might be looking for the college feel. Also New Haven is great for 2 years, long term maybe not
Go to Yale SOM. If you go to Stern, you will be one of the other 100 people recruiting for IB. I think there is value in going to a top-ranked school that isn't a finance power house (think Kellogg, Sloan, Yale, etc.) as long as the banks still recruit there. You are more of a unicorn. Also, I think Stern would suck in terms of expectations. In normal times (non-COVID), you would be expected to be at the banks in-person. Yale SOM, you may be able to get away with going to the city once a week. Also, you are going to be spending plenty of time in the city. I think in general Yale SOM would be a more enjoyable experience for 2 years vice being crammed in the village, paying 4k in rent on top of MBA tuition.
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