<p>Llama, Bates is an elite little college. It gets the wealthy prep school crowd who don't make it into the ivies and very top LACs. It has a great network for many business jobs. It's the kind of school where daddy got the kids jobs on Wall Street and similar places years ago, so it has elite networks. It has plenty of money, small classes, strong profs and much more prestige than Indiana.</p>
<p>If you want to major in business, Indiana is the place to be. There are alums in every state and with all sorts of jobs. Out of all the business schools in the country, IU has the most alums and they have a huge database of their names, current job, and contact info. </p>
<p>12th best b-school in the nation.</p>
<p>Study abroad is huge (they give out tons of scholarships for it, and highly encourage it).</p>
<p>IU has the investment banking workshop that has 100% job placement in investment banks (most go to NYC and Chicago).</p>
<p>Law schools only care about GPA and LSAT scores, the school you attend doesn't matter.</p>
<p>I agree with posts 4 and 5. Bates offers an economics major, but it does not have a business school with AACSB accreditation. This accreditation is important to many employers as well as graduate schools, at least for business.</p>
<p>Bates is a small liberal arts college in Maine that most people have never heard of. Indiana is large university that has wide name recognition. Bates will be preceived as more prestigious by hmom5 and those who who are familiar with it but Bates does not have the same prestige as other Northeastern LAC. The two schools are nothing alike, however, and you consider basing your decision on where you will want to be for four years; the factors you have listed can be addressed by both schools.</p>
<p>Why don't you apply to both and then wait to see what happens? You may discover that you don't have a choice to make and all this discussion will be moot.</p>
<p>Bates is very strong in all of the areas you mentioned. When I visited Bates, the information session stressed the internship opportunities (including Wall Street) available to Bates students, as well as Bates's success in placing students in graduate and professional schools. I also like Bates's requirement of a senior thesis. Outside the NE, however, most people won't know about Bates as far as the job market is concerned. As for law school, you'll be fine with Bates nationwide, assuming good grades, etc.</p>
<p>Don't know much about Indiana, although I'm generally an admirer of the academic quality of Big Ten univ's. Of course, if money is an issue, Indiana will be much cheaper, especially if you are in state. Something to keep in mind if you plan to spend money on law school down the road.</p>
<p>Amongst people I've known over the years, Indiana is known mostly for two things: its excellent music school, and the movie Breaking Away. It is regarded as a solid school. Bates has been on the list of top LACs for many years, but the kind of person who has heard only of Harvard and all of the big football/basketball schools won't know about it. Amongst upper-echelon law schools and investment banking firms, Bates is going to be known. Joe Employer in the proverbial Peoria may not have heard of it.</p>
<p>The OP said that an economics major was desired, not a business major, and appears aimed at grad school, so the fact that Indiana has a business school is probably not important.</p>
<p>Full disclosure: Bates is a client of mine. In fact, I should be working on that project right now instead of lollygagging on the internet. :)</p>
<p>I will concede that Indiana might get you further in Peoria. But I remember your post about working at Goldman Sachs. For GS, I'd much rather have Bates on my resume. In spite of all the talk here about Indiana's workshop, in 30 years I don't believe I've run into a FO banker from there. I know many Bates grads in the business on the other hand, and many other bankers who send their kids to Bates.</p>
<p>You might want to rethink that. From the Bates College Magazine</p>
<p>"Bates is not a so-called target school for Wall Street firms. Why do you think you got hired?
When you see kids hired from non-target schools, I think it simply reflects the real strength of the candidate's resum</p>