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3.7 at u mich vs 3.3 at wharton finance

stuyvesant06stuyvesant06 100 replies15 threads- Junior Member
edited May 2005 in Business Major
which one is more appealing to big corps. i know goldman sachs love u mich grads while jp morgan, morgan stanley, citigroup prefer wharton(goldman sachs too, of course).
edited May 2005
31 replies
Post edited by stuyvesant06 on
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Replies to: 3.7 at u mich vs 3.3 at wharton finance

  • Penn15Penn15 258 replies1 threads Junior Member
    3.7 and 3.3 is a pretty big difference.
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  • AlexandreAlexandre 24278 replies434 threads Senior Member
    3.7 at Ross. The cutoff for many companies, especially MCs and IBs is 3.5. But as long as you have a 3.5+ GPA at either school, it is not your grades or the school that will get you the job (both are extremely respected) but rather, your interviewing skills and your initiave.
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  • snipanlolsnipanlol 537 replies1 threads Member
    The GPA cut-off for IBs and MCs is plain BS. Look at the average GPA for Wharton, around 3.1-3.2, and I assure you that they do not cut off that many Wharton graduates.

    What is the average and curve like at U Mich, that is what is interesting in comparing the two. And it is true - the interview is what gets you the job.
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  • AlexandreAlexandre 24278 replies434 threads Senior Member
    The range of GPAs in the B School hovers between 3.0 and 4.0 because to even get into the B-School, you have to maintain a high GPA at Michigan for 2 years.
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  • redhare317redhare317 1393 replies56 threads Senior Member
    Well now that the B school is a three year program, you just have to work hard freshman year to get into undergrad Ross, which now starts sophomore year.

    Alexandre, do you know anything about the grading curve at Ross?
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  • AlexandreAlexandre 24278 replies434 threads Senior Member
    I am not sure how the Ross school grades. I am pretty sure it is more lenient than the rest of the university. Afterall, as it stands, the average student who gets into Ross is among the top 25% of Michigan's student body. We are talking about some seriously talented students. I cannot imagine them setting the mean at C+/B-
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  • snipanlolsnipanlol 537 replies1 threads Member
    Which, incidentally, is not too far from where the curve usually is att Wharton.

    Hence comparing GPAs between schools becomes very very hard:

    Ross - three year program and more lenient curve
    Wharton - four year program and quite harsh curve

    Several factors would influence the GPA, and as always ace the interview and you've got the job.
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  • themegastudthemegastud 852 replies16 threads Member
    Granted I'm not an IB/MC recruiter nor a Wharton student but from the recruiters from these idustries that I've seen present or have spoken with, the 3.5 cutoff holds.

    Sure, Wharton students will be extended SOME leniency but i-banks and mgmt consulting firms have such stellar applicant pools that they can set such a cutoff. After all, why should they pick some 3.3 Wharton student when there's a hundred other ivy league grads with a 3.5+?

    The Ross student, to answer the question.
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  • Penn15Penn15 258 replies1 threads Junior Member
    Wharton's name alone seems to impress recruiters. I know of over 30 FRESHMAN Whartonites getting internships at top financial firms. I don't know if this is the norm for any other school, but it pretty damn impressed me.
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  • AlexandreAlexandre 24278 replies434 threads Senior Member
    Obviously, Wharton has an amazing reputation and when it comes to Finance, it is without equal at the undergraduate level. However, Schools like Haas, Ross, Sloan and Stern aren't far behind and get their students some pretty impressive internships and full time placement.
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  • botangersbotangers 30 replies0 threads Junior Member
    Also, keep in mind that if you want to work somewhere like Morgan Stanely or Goldman Sachs, a 3.7 from UMich might not even be good enough (and a 3.3 obviously wouldn't be good enough either)
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  • mahras2mahras2 1938 replies39 threads Senior Member
    I beg to differ. 3.7 is an excellent GPA from Ross and will get you into the door. If you can make the GPA cutoff and the initial screen its an equal playing field where your connections, experience, interviewer's mood, charisma, and every other little detail will come into play.
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  • botangersbotangers 30 replies0 threads Junior Member
    Yes a 3.7 from Ross is a good GPA, but if you want to work at GS or MS, you have to be really top notch. Getting past the initial screen is important, but GPA will always play a role--even in the final round. If they have two candidates that they both like, and one has a 3.7 and the other has a 3.9, there's a good chance they will choose the 3.9.
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  • mahras2mahras2 1938 replies39 threads Senior Member
    I would disagree yet again! The external factors: previous experience, match with the firm, interviewer's mood, answers to questions at interview is more important of a distinction than a mere 0.2 points. This is business not medical school.
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  • botangersbotangers 30 replies0 threads Junior Member
    I do agree with you in that all of those are significant factors, but I'm just trying to make that point that it'd be difficult to find a UMich alum with a 3.7 at somewhere like GS/MS/Blackstone etc. unless they had crazy connections or EC's.

    Keep in mind that Morgan Stanely only takes one summer from UMich...
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  • AlexandreAlexandre 24278 replies434 threads Senior Member
    Botangers, I graduated from Michigan with a 3.5 GPA and had offers from Goldman Sachs and Lehman Brothers...and I was an Econ major, not affiliated to the B School.

    Ross sends roughly 20% of its Finance majors to JP Morgan, Goldman Sachs and Morgan Stanley and another 20% to other major Investment Banks, like UBS, CS First Boston, Lehman Brothers, Merril Lynch, etc...

    Last year, 150 students graduated with degrees in Finance. Of those, over 120 landed jobs on Wall Street. 20 with JP Morgan, 5 with Goldman Sachs and 5 with Morgran Stanley. Another 5 each to CS First Boston, UBS, Lehman Brothers and Bear Stearns.

    http://www.bus.umich.edu/EmploymentProfile/TopHiringCompanies.htm?StudentType=BBAGrads

    And you claim that just 1 Ross student got a summer internship at Morgan Stanley? I would say it is closer to 10. On average, 10 students intern at Goldman Sachs, another 10 or so at Morgan Stanley.

    http://www.bus.umich.edu/EmploymentProfile/TopHiringCompanies.htm?StudentType=BBAInterns

    I would not be so quick to dismiss Ross. It is second only to Wharton, and up there with Sloan and Stern, in placing undergraduate students into major Investment Banks. And I would say almost as many from the College of Engineering and LSA end up working at major Investment banks. In short, Michigan/Ross are major hunting grounds for top Investment Banks.
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  • jpps1jpps1 1905 replies85 threads. Senior Member
    Whoa, what's all this talk about a 3.5 GPA "cutoff"? Damn, I'm going to Chicago next year, and now I'm worried--first I hear that i-banks know that Chicago is tougher (and that a 3.3 there will do the trick), though now you guys are saying at least a 3.5 is needed...
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  • AlexandreAlexandre 24278 replies434 threads Senior Member
    Do not panic, there is no official "cutoff" point. My GPA was actually slightly below 3.5. But it is an unspoken rule that most top IBs and MCs tend to expect GPAs in the 3.5+ range. Obviously, the higher the better.
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  • TpeckTpeck 518 replies72 threads- Member
    Alexandre, what would you say about good old Southern Illinois University Edwardsville's placement at IB's? Hahaha :(.
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  • AlexandreAlexandre 24278 replies434 threads Senior Member
    Tp[eck, if one does well and takes initiative, the sky's the limit...no matter where they go to college.
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