NYU Stern worth it for undergrad?
Hey everyone! I feel like this is an appropriate place to ask my question. I got off the waitlist for NYU stern, but they gave no aid, leaving my family and I to pay 80k a year. Is it still worth it? It is between stern and Rutgers (15k).
This is very relative question. Is a $50,000 car "worth it" when a $20,000 one would suffice? The answer would vary given the purchaser's resources, just as the value of Stern changes with your family's resources.
I see many posts similar to this and people don't normally point this out, but I think it's an important question. The answer depends on what your future career is intended to be, what kind of connections do you currently have (if any), how likely do you believe it is that you will beat out the other 3,000 students at Stern who compete for banking jobs, etc. Also, what other options do you have relative to Stern?
Without knowing more about you, I would say that if you need more than 30k in debt to graduate from Stern- do NOT go there, otherwise it may be worth it if your family can afford the full cost of tuition (and I mean truly afford, not taking out debt themselves or leveraging their home for an education).
I plan on going into the finance field, but I’m not dead set on it. My family keeps saying that they’ll take out loans, especially for the first year because of covid. I still can’t see the return though, especially dishing out 320k for undergrad. do you think the same outcomes as a stern undergrad can be achieved by a Rutgers undergrad who goes into an elite mba program?
320k? are you crazy? do NOT do it.
It depends on the situation that you are considering with the options available to you. Assuming $240,000+ at NYU and $120,000+ option in front of you, you should think about networking. This might take 5-10 years to pay off but it is the opportunity risk you are willing to take. You need to evaluate what and how much risk concerning how much uncertainty you are willing to lose. Do you want to go into debt for the higher degree or stay with a lower degree. It's a personal choice. I was $250,000+ in debt and I paid it off in 8-10 years.
where did you go for undergrad? what exactly do you do in finance that you paid off your debt? I’m just curious so I can evaluate my own situation. thanks for the lengthy response.
I went to Harvard and decided to do financial planning at 22 after graduating and after three years, I went to REPE at 25. Investment banking was my dream but it didn't work out and went back to work and live in NYC.
P.S I realized Investment Banking is just Advanced Accounting Financial Modeling with Income Statement, Balance Sheet, Statement of Stockholder's Equity and Statement of Cash Flows along with Powerpoint Pitchbooks.
there are kids at Harvard that don't make it to IB?
That’s amazing! Thanks again for the insight, definitely still have to weigh the pros and cons of each choice. Also do you plan to attend grad school ( If you haven’t already)?
The gap is too big. Somewhere in the $100k to $200k range, it’s debatable. Stern improves your chances of getting into IB but not by enough % to justify taking out $260k additional.
Your best path is to go to Rutgers and kill it academically and transfer to a target school later. Or maybe even get a good job out of Rutgers. Employers and colleges both like grades so just focus on the grades
My family says that transferring to a better target school is highly unlikely. I also believe that transferring makes the most sense, but I hear it is highly unlikely to get in target schools as an external transfer. Thoughts? Thanks for the insight.
I’m not sure where they got that from. Transfer stats aren’t widely available but anecdotally I hear about it all the time. I’m one, I transferred from a small liberal arts school to a target.
But more importantly. . what are the odds that getting top grades doesn’t open some door somewhere, whether it’s a transfer door or an internship door or a FT job door? Those odds are tiny. If you go to Rutgers and get a top GPA I can guarantee it will have significant benefits.
Stop spamming this forum and reddit "sanjay0901"
Fucking pathetic no-life tryhard.
Relax man it's not that serious.
someone’s getting jealous they failed in life lol. Stern didn’t want your dumbass I guess.
Why would someone be jealous they failed in life? What does that even mean? And what does Stern have anything to do with this? He's telling you to stop spamming forums. And you're the OP, why did you go anonymous? So many questions.
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