I’m a high school senior and luckily have been admitted to Stern BPE. I absolutely love the program and hope to have an internationally based job in the future. I’ve also been admitted to Fordham for International olitical Economy and Texas A&M Mays business. I was just wondering if BPE is worth the cost because I’d have to take about half of the tuition in loans. What kind of jobs do people get after BPE and would I be able to pay back my loans easily?
Career placement for Stern can be found on this website: http://www.stern.nyu.edu/programs-admissions/undergraduate/academics/business-political-economy-degree-program
Worth it considering what criteria? Future earnings? Level of stress? Future opportunities? What would make spending extra money worth doing for you? That is like asking whether eating at a top restaurant is worth it when you can get the same food at McD’s for a lot less. Whether it is worth spending the money depends on what you value.
Here is a website regarding taking out loans: https://studentaid.ed.gov/sa/types/loans
It’s important to balance the positives and negatives before you make your decision. Remember that your success in the future is determined more by what you do than where you go.
Probably future earnings and future opportunities. Worth it for me would be basically the ability to get a job and pay back the loans easily, because I like the program but don’t want to be burdened by loans for the rest of my life, especially since I also want to go to grad school. I just want to know average starting salary and whether it would be better to go somewhere cheaper for undergrad and try and go to Stern or an Ivy for grad school.
Yes it’s worth it. Stern is one of the most effective schools in the entire country at placing students at top jobs. When you take into factor the reputation and the location of the school, even ivy league schools have a hard time matching Stern’s UG career placement levels
Stern has a nearly 100% placement rate for undergrads, with an average starting salary nearing $70k. As to whether these statistics are meaningful to you depends on how much loan burden you are willing to carry. Also, YOU are not able to take sizable loans as an undergraduate; you are really talking about your parents taking (or at least cosigning) loans for you. Are they OK with that?
Personally, I counsel students against taking large loans. However, when you say “half the tuition” would be paid through loans, do you mean half the cost of attendance, or half the tuition? Half the cost of attendance brings the cost of Stern down to the cost of many/most other colleges, and there are very few undergraduate business schools that can compete with Stern. Half the tuition is a substantially lower scholarship, given the cost of room and board in NYC.