I’m looking for a school up to 35k a year, or up to 140 total and unfortunately no target or semi targets that I’ve seen fit that except U of M. If anyone knows any others that are under 35k I’d appreciate letting me know.
At least you’re lucky to have Ross/UMich in-state. You may be able to get a scholarship for Kelley that brings it in to your price range. McGill a possibility, especially if you can knock off a year with AP credits. If you don’t get those 2-3 schools to work financially, honestly, your best bet is to go somewhere cheap/free and use the saved up money for a 1-year master’s at a target school.
BTW, an MBA wouldn’t be required if you want to stay in IB but would if you want to change careers (many bankers do; IB really is a punishing career and not worth the sacrifice, IMO).
Also, for IB in London, studying a non-quantitative subject from LSE/Oxbridge would be fine (might also be true for semi-targets like Edinburgh/St. A’s/Durham), but being an American would be a handicap and it would be tough (read: impossible) for you to participate in IB recruiting in the US.
BTW, some UK schools are on the Common App.
McGill should be possible because it’s only three years. But what’s required for a merit at a place like Kelley? Do they offer any for high sat scores like 1500+
^ They do offer them.
McGill is typically 4 years unless you can shave off a year with a ton of AP credits (or unless you went through the Quebec system).
Seems to me that UMich will be fine for what you want. Do some merit hunting in the US if you want to, focusing on cohort type scholarships - if you really have what it takes to put in a credible application to Oxford then you ought to be a strong candidate for merit in the US. In any case I don’t see PPE or Law in the UK as a particularly good route into investment banking, PPE is more classically thought of as a route into politics or journalism, while law is a vocational degree.
I’ll just add that we went through some of the same decisionmaking process, concluding that it wasn’t worth spending $80K per year on college but Oxford was an option that was not meaningfully more expensive then our instate flagships in CA. After being turned down by Oxford, S took the instate flagship route, he is very happy and has a 4.0, prestigious internships, etc. It has all worked out very well.
You’re right that U of M would be perfect actually, especially Ross, it’s just that I need back ups. And my parents won’t let me go into debt so I can’t go over the budget at all. But thank you I will look into that.
Also this may be a dumb question, so I apologize in advance. But what is a “cohort based scholarship”? I googled it and couldn’t find anything explaining it.
@Twoin18 is referring to those prestigious named scholarships like the Morehead-Cain at UNC, McDermott at UT-Dallas, Stamps at a bunch of schools, etc. that cover all/a lot of the costs and also come with various perks and opportunities. They tend to be fairly difficult to get, those, as they’re all pretty limited.
Even if you fail to land one of those, however, if you don’t get in to UMich and Kelley costs too much (you’re more likely than not to get a scholarship there), your best bet would be to go somewhere tuition-free or less and aim for a 1-year master’s (some management programs, some econ programs; Columbia has a ton across different schools and subjects, though you would want to avoid SPS; NYU has a ton too; also should avoid some) at a target school and try again. You’re likely to get scholarships from MSU that brings down costs.
Also @PurpleTitan I looked it up and it said that McGill bachelors of commerce is a three year course. Am I missing something?
https://www.mcgill.ca/desautels/programs/bcom/academics/programstructure
Program Length
Candidates coming from the Quebec CEGEP system apply to a three-year program whereas out-of-province and international students follow a four-year program depending on Advanced Standing Credits.
Wow I’m suddenly finding out like half of my universities are not achievable lol. Thank you.
Yes, as @PurpleTitan says, these are named scholarships which come with a bunch of perks. The level of competitiveness varies greatly depending on the school, so don’t just focus on Duke, UVA, etc. My D received one and has as many opportunities as her twin brother, despite being at a less well known university.
I started to compile a partial list here: http://talk.collegeconfidential.com/financial-aid-scholarships/2146201-cohort-based-competitive-merit-scholarships.html
You might need multiple strands to your application strategy:-
- Apply to lower tier schools that offer merit for your stats, which may not be traditional ‘targets’ but could feed into a local market for finance, or have programs that are targeted. Don’t just look at the posted costs, look at merit scholarships and also special programs you might be eligible for. Examples:
SMU - Cox - I’m sure there was a post from someone who was in a special prog there who was going into banking
South Carolina’s International Business Program (awesome, well regarded prog)
Ohio State business
Indiana - Kelley: has a special IB course or class I believe
I’m sure posters here can help you with other suggestions. Some merit is automatic but a lot is competitive and you don’t know until you apply, USC and Kelley are examples of the latter. A 1500 would be minimum for top merit.
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Start your career in Charlotte, Houston, Chicago or another regional banking market. Get a top tier MBA and then move. Or decide you like a more relaxed life and stay
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Start working on getting those AP scores that you will need for ALL these universities, whether US elite, merit hunting or in the UK. Plus those AP scores could save you time (and money) by skipping classes ahead.
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Study hard for the SAT or ACT and find out which one you do better on
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Many top universities offer a one year MS in Finance, which offers another possible pathway to IB. You could save money with a merit offer and use the savings for this.
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Consider other finance roles that are not IB but which involve similar skills and a decent
sorry, should have ended, a decent quality of life
Trying to land an IB internship in the US from Oxford is very challenging due to the timing of their academic terms. In 1st & 2nd years, my son didn’t finished exams until the last week of June and wasn’t able to start an internship in the US until the first week of July. He lost out on a number of IB internships last year because that didn’t sync up with the normal IB summer analyst schedule. He ended up at a London firm that was used to the Oxford timing. And that’s with me having worked on the street for 30+ years and having a decent rolodex of people to call on for assistance. He managed to land a great one for this summer in NYC but they were on the fence about a June 15th start date.
OP- start at the very beginning.
Let us know which colleges are commutable from home.
Then your state colleges and U’s.
Then we can start to help you build out the list of “further away” places. You should have another sit-down with your parents to show them the federal loans (your loans, not your parents loans). Taking those on is going to give you many more options, and although they require modest living after graduation, won’t make you live on canned soup forever until you pay them off.
I don’t think the overseas plans are viable. None of us can predict what’s going to happen to the exchange rates once Covid ends and/or once the impact of Brexit is apparent. But getting a job overseas with an American passport is likely to be very difficult in 5 years, and interviewing for jobs with US banks while overseas is also going to be difficult.
So Buy American!
@roycroftmom On eligibility to practice you’re not quite right. New York Bar allows common law LLB to sit the UBE. Other jurisdictions will require a curative LLM. And, merely having an LLB and passing the Bar doesn’t guarantee employment.
@aaddaamm123 If you have further questions on law admission/study in the U.K. (England), feel free to tag me with any questions you might have (I have experience in this area). Though, as others have already indicated, if your target is IB in the US you’ll find it difficult to match up summer opportunities with the U.K. academic schedule. Thus, like others, would recommend US schools, and look for merit scholarships. The only advantage to U.K. schools might be cost, assuming that the exchange rate continues to drop.