OP.stated decision expected 1/15.
Thanks for letting me know. I thought that they had stated that they had gotten their admission decision a week ago in the post I replied to. I have a few friends whose kids applied to IU Kelley and then just IU. None of them have heard anything. I was curious if the OP applied to Kelley at the Indianapolis location.
I havenât seen any IU Kelley acceptances on various counselors listservs or Reddit either.
OP did say they were accepted in a post from the other day
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Thanks for letting me know. I thought maybe I missed something. I am not at my best until I have had my morning 1/2 pot of coffee.
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delete - I see @Mwfan1921 posted already
As I said Iâm doing all top schools RD (all 8 ivies), etc. Not applying to fordham, not really interested. At that point Iâd rather go to Penn State or Kelley and at least have fun
Itâs interesting because above you ask what are peers in prestige and you donât want outcome data. Yet outcome data shows Fordham, Babson, Bentley, Nova are peers. You ask for people who âknowâ but Iâll argue no one knows. Because one personâs firm differs from another. And youâll have a kid from Va Tech get hired but not an NYU kid.
Thereâs several lists of course. This is an I banking target list from mergers and acquisitions . com website. There are more.
And as you may know, many banking roles are done in Houston, Nashville, Charlotte, Dallas and more - so thereâs that too.
It seems your strategy is very sound - with the admittances you stated - PSU and IU. And you mention fun from the beginning. If sports and campus spirit is your fun, they seem splendid choices.
Best of luck.
Non-stern NYU students are not competitive for top finance roles (whereas at schools like cornell/michigan/brown it is much more fluid in regards to major) so thatâs why it lags behind its peers in per capita and is next to these schools. Mathematically stern is a drop in the bucket at NYU (less than 9%), which is why you see NYU next to these schools. And when I ask for prestige Iâm asking for the intangibles⊠when someone says they went to Fordham/Nova etc I think they are catholic and werenât smart enough for Notre Dame (and Iâve learned to think like this from people I know in the industry that I want to work in, namely wall street oasis). Presumably stern is not a peer in this way (prestige).
Not sure why you keep bringing up anecdotal, and in this case theoretical evidence. The VaTech kid had to do much more work, be more personable, and get very lucky to get a job next to target school analysts.
Also for me Iâm not aiming for anything except NYC (maybe sf for tech banking), just because the long-term earnings prospects and exit opportunities (PE, HF) in NYC are far superior. Thank you for the help though, if I am coming off as ungrateful/argumentative I donât mean it that way. Just want to get my opinions out there.
My 2 cents, as someone who has spent his career on Wall StreetâŠ
This is true if youâre referring to IB/trading types of roles. Additionally, someone who succeeds from a non-target is usually a referral from someone senior in the firm.
This definitely isnât true, and I think stereotyping / making generalizations like this isnât helpful at all.
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Do you have data to support this claim?
I donât know what you consider âtop finance rolesâ, but I would certainly include various quant jobs at hedge funds and prop shops in that groupâŠthose starting salaries are much higher than IB, for example. You will find grads from NYU non-Stern schools like CAS, Courant, and Tandon in all these types of âtopâ finance jobs.
Opinions are always welcome. Itâs best if posters offer some data and/or other support for their opinions. As we know in life, some peopleâs opinions about a given topic are more informed than othersâ.
Have you decided if you are applying ED2 at NYU (or anywhere)?
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The OP has the right to not be interested in any particular college without being questioned â especially when the OP has reasonable safetys.
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Obviously the best students at CAS, Courant Tandon have a shot but the point was that the difference in Stern and NYU students in overall academic capability (see GPA, SAT, acceptance rate), as well as interest (which leads to related experience), is far greater than say the difference between Dyson and Cornell. Which is why NYU is so low on a total per capita basis.
I donât have direct data to support this claim, but if you want more than the reasoning above you can derive this from how low NYU (per capita) is on peak frameworks etc, when Stern is 30%+ IB and 40% IB+Buyside placement.
Itâs clear you have a fine strategy because you have the two you seem ok with. Are there others you are looking at applying to ?
You are confident in your strategy so I think you are in great shape.
Here is some Stern career data.
I went back and read the first post you seem to want Stern but are concerned with what you read on Wall Street Oasis but if that many from Stern are successful, that wonât matter.
So Iâd think ED in your case would make sense - and you sort of know others that might be in their realm ( I posted one of many lists yesterday).
Really - short of adding a few more RD like a Gtown, etc I mean, it seems you know exactly what youâre doing. But I think ED makes sense.
You like Wharton but seems youâd be near equally pleased with NYU.
You are happy with your admits so farâ so good luck to you, and I hope it all falls out where you want it to.
I hope an advanced statistics sequence is a high priority for you wherever you land. Youâve posted several points (inferences, conclusions, etc.) which you will come to understand are either fallacious reasoning, or represent a poor understanding of what the data shows (and doesnât show). But hey, youâre in HS. College will teach you a lot more (hopefully) than just âhow to land a job in investment bankingâ.
Happy New Year.
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Additional lofty options for good schools with strong business/econ â if Kelley and PSU lack the prestige you think you need â are:
- CMU Tepper
- Duke Fuqua
- Northwestern Kellogg
- Vanderbilt Owen
- Washington U
- Georgetown McDonough
- Notre Dame Mendoza
- Emory Goizueta
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Would be great if you could point some of these out to me so I know what you are talking about
Well, if you go back and read the thread, a lot of what youâve written is erroneous. And some posters have already pointed this out to you.
Youâre in high school. Young and inexperienced and perhaps naive. As I have told my own kids, you donât even know what you donât even know.
You seem like a bright kid who will do well wherever you land. And I suspect if you come back 4 years from now and read what youâve written, you will be shocked that you thought some of these things.
I wish you well in your journey. You have a lot to discover.
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You can start by googling âSelection effect vs. Treatment effectâ. It explains a lot of hiring patterns in IB and PE. Not so for true quant roles however.
You can then examine IB hiring trends 2007-2012 and recognize that the numbers are very different depending on the timeframe youâve artificially chosen.
Per Capita is too noisy a measure to yield anything remotely predictive here. Normalizing based on size of the pool is only statistically meaningful when the cohorts being compared are relatively similar.
Etc. You get my drift. Good luck.
I see what you are saying with selection effect vs treatment effect for top schools vs lower schools for outcomes in finance, but I would also argue that 1. IB does not require especially high intelligence that is associated with those who are admitted to better treatment, eg target schools (which is why you have so much nepotism, etc in hiring practices as well). IB firms also do not hire the smartest applicants, they hire applicants that are smart enough and are also personable/interesting, of which type there are many at non-target schools. 2. There is sufficient pre-interest at lower ranked schools. The fact that JP Morgan receives 630,000 sophomore+junior internship applications and there are maybe 40k target school soph+junior students alone shows this. So we can effectively isolate the treatment (obviously not fully, but to a good enough degree).
Agree that per capita is noisy but is still a decent indicatorâŠarguing that it is 100% not predictive and ineffectual is just wrong, especially when the cohorts being compared ARE relatively similar (Stern vs Dyson vs Uchicago econ majors, etc). But I agree that using per capita for worse schools isnât great at predicting a smart applicantâs odds.
Donât think comparing hiring now vs hiring in 2007-2012 is a great idea considering everything else going on in the financial world and how deal flow was fluctuating at that time lol. Looking at the last few years (starting after the 2021 bubble) is a perfectly fitting timeframe for these purposes.