Seeking Advice: UVA [$41-55k or $81-95k] vs. Fordham [$0] vs. Northeastern [$80k]

My son accepted to finance major in undergrad

Fordham - full ride
North eastern - 10k scholarship
UVA - no scholarship

I have enough money to cover his college tuition, if we take money out of equation, which college you recommend in order to get the good education and eventually more chances to get the job in major banks or financial firms?

Thank you for your time!!

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Fordham, located in NYC would be my suggestion. It’s where a lot of finance and banking places are located.

Plus Fordham is a Jesuit college and, in my opinion, the Jesuits have higher education well crafted.

@Catcherinthetoast might have a more detailed and accurate response.

Your son can get an excellent education at any of these universities.

What exactly in “banking” or “finance” does he think he wants to do…and have knowledge about?

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Depends on what you mean by chances to get a job in banks or major financial firms.

That’s all three and most every college can make this happen.

But there’s a lot of sub areas in finance - and if you mean investment banking, UVA will likely give you the best chance but not a great chance.

Additionally, your son is not yet studying finance at UVA because it is not a direct admit school. He will have to apply and complete for a spot after he’s on campus and spent time in the classroom. Many who apply won’t get in to the commerce school. So that’s a risk too.

If Fordham is giving you a full ride - tuition, room and board, that’s a $340k savings over UVA.

For me, it’s a no brainer, whether I could afford UVA or not.

But I’m not you. So you have to decide.

Good luck.

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How does your S feel about taking the risk of not being accepted to UVA McIntyre? That’s holistic admission, so not entirely in the student’s control…so not just grades but ECs are important and hey are trying to balance gender, major, range of SES, etc.

Here’s the McIntyre information:

If he doesn’t want to take the secondary admission risk, then he’s down to two choices. Has he visited these schools? Looked at the gen Eds, courses, major courses?

What types of careers is he considering? Will either of you have to take loans for Northeastern or UVA?

I’ll also tag @Catcherinthetoast for their input

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Probably Virginia, then Fordham, then N’eastern.

But “taking money out of the equation” might not be the wisest course of action as Fordham’s location is great for easy access to internships and to job interviews in his desired field.

Campus cultures will be quite different at these schools so be sure to visit before deciding as fit is important.

P.S. If worried about admission to U Virginia business major, then consider economics.

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Thanks both @Mwfan1921 and @thumper1 but I don’t want to engage in debate and it seems like some opinions are already being expressed that don’t align with my experience.

OP feel free to DM me or post on this AMA page.

Please note UVA/ McIntire just changed their program and IBs are adjusting accordingly. It will be considerably harder to get an IB internship if not accepted to the three year program.

Assuming you mean major I banks and domestic and international CIBs? If so I can offer some first hand experience having worked and or managed large teams at all three.

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Assuming he’s in Gabelli at Fordham? That for free would be a slam dunk for me given those choices, especially if UVA is not direct admit.

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Finance 101 says he goes to Fordham. :slight_smile:

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Fordham. UVA McIntire is not direct admit. Free Fordham is great and I don’t see the other colleges being much more advantageous.

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My son got accepted to following colleges
For finance major
UVA
North eastern
Fordham - full tuition credit
UCLA
Georgetown
Boston college
Wiatlisted for following

WashU
Swathmore
UChicago
Stern
Dartmouth
Rejected
----------+++
MIT,All Ivy’s (he didn’t apply Cornell) , UC Berkeley

What do you recommend?

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Congratulations on some good choices.

Let’s first break down the list by those that have a direct admit finance major, those that have secondary admission, and those that don’t have a finance major.

UVA McIntyre is secondary admission (meaning he has not yet been accepted to UVA finance major)…does he want to take that risk? If he does and isn’t accepted what would be his plan B?

UCLA doesn’t have a finance major. Was he admitted to the Business Economics Major? If not, what major was he accepted to?

For the rest, was he accepted to the business school (so Georgetown McDonough, BC Carroll, Fordham Gabelli, Northeastern D’Amore)?

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Congrats - most your schools you applied to don’t have finance.

So your choices are Northeastern, Fordham, Gtown, or BC assuming admittance to the finance majors.

While Gtown or BC might give you more career options (and that depends on what you want), they’re also $280K more - and that’s a lot of coin.

Unless your name is Gates or Bezos, I’m going with Fordham. It’s a great get!!

Congrats.

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:tada::tada: Congratulations that’s impressive :clap:
I would choose between Georgetown and Fordham Gabelli/Honors. Both are hard to beat in terms of location and professional placement, so it depends whether he likes competition as a small fish or would rather be a big fish + what the price differential means to you.

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Congratulations to your son on getting into even more great schools! I agree with the other posts. A few other things to consider: is he in state or out of state? Where does he want to live? What’s his preference on weather or school size, private vs public or religious vs nonsectarian? Any other scholarships?

To answer your original post:

“I have enough money to cover his college tuition, if we take money out of equation, which college you recommend in order to get the good education and eventually more chances to get the job in major banks or financial firms?”

Taking everything into consideration, I believe that all his schools will provide him opportunities if he takes advantage of his opportunities. The best schools on this list for finance appears to be UVA, Georgetown, UCLA, Fordham, and BC. Maybe in that order, but this is purely subjective. However, the fact that UVA is not direct admit and if OOS would cost probably $80,000, UCLA does not have a business school with only a PRE-BizEcon degree, and also OOS would be probably $70,000, Georgetown which costs $90,000, I don’t think you can pass up a free education at a really good school with a great business/finance program like Fordham’s Gabelli School of Business that’s IN NYC which is at the heart of IB and finance! Moreover, Fordham is a very near semi-target for finance. Good luck in your son’s decision!

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In my mind I would choose between Fordham and Gtown. The other options all have a differentiating factor that puts them slightly behind the aforementioned top two from my perspective.

I think you have gotten a lot of good advice. I would consider three additional things:

  1. What does your son want? Does he have an opinion or preference based on what he has heard or experienced? He is of course the most relevant opinion.
  2. IB aspirations as a 17 year old can change and are likely based on popular culture vs reality. I think Fordham is an outstanding option for IB but GTown offers greater optionality beyond IB or finance, name recognition and international cache. In this regard I think GTown has a distinct advantage and gives the student the latitude to pivot along the way.
  3. With GTown now accepting the common application, I anticipate application numbers to go up and acceptance rates to go down. This will serve to further burnish their numbers putting them on par with Ivies and Duke, Chicago etc. Not a bad upside to participate in.

If money isn’t a limiting factor Gtown may be worth the incremental cost in my opinion but certainly Fordham (and all of his other acceptances) are great options.

Congratulations and please share his final decision.

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