Ok first thing, I know neither of these are target schools for IB. But these are my 2 backups and if I have to choose between them I want to make the right choice. I got out of state merit scholarships to both so they cost roughly the same. I have a list of pros and cons.
UGA Pros:
Corsair Society is very good at placing UGA seniors into bulge bracket banks, but it’s competitive to get in… anyone know the acceptance rate?
STRH employ quite a few from UGA. If I work there for a few years, would I have a good shot at the top business schools for an MBA? or a transfer to bulge bracket?
I would love the student life at UGA, probably more than Miami.
UGA is ranked higher than Miami.
UGA Cons:
I don’t know if any bulge bracket banks or others at all actually recruit at UGA.
I screwed up my application and forgot to apply to honors, so I would have to apply first semester.
Geographically it is far away from NY, where I want to work after I graduate.
Does anyone know any other pros and cons of UGA? And whether an banks recruit there apart from STRH?
Miami Ohio Pros:
A current student told me that JP Morgan recruit there. I don’t think he’d lie but can anyone verify this. If they do then this is a big pro.
Finance society
Already in honors
It isn’t too far from Chicago and closer to NY than UGA.
Miami Ohio Cons:
Not great for landing a job in NY either, more likely mid west.
If anyone could help me out with this id appreciate it. I’d prefer to just talk about these 2 schools rather than my other choices for now. Thanks!
If your objective is to get an analyst position in an area such as M&A, Corporate Finance or High Yield the competition for the positions is intense, and neither will do the trick. You need to to be attending a top university or LAC (such as HYPSM, Duke, Penn, Dartmouth, Williams). If you are looking for a back office or brokerage related position they are probably similar.
@am61517 is correct. Neither school will get you into Investment Banking, although at least UGA has a pulse (#41) in that arena based on the following article.
Of the two, I would pick Georgia. Academically it is a little bit stronger, and the student life is likely better. If you decide to stay in the area after graduating, the Southeast will be a strong growth area for a generation, while Ohio will remain comparatively stagnant.
I know that neither are target schools, but breaking into IB from both schools is possible if I do loads of networking etc. I’m hoping that I don’t have to go to either of those schools but I need to know which one would give me a better chance if it came down to that.
E.g. If I manage to get into the Corsair society at Georgia I’d say I have a good chance of landing an analyst position
UGA is actually far better than people think at landing jobs on wall street. There are over 25 students going there for internships this summer at bulgr bracket banks. Corsair also continues to expand every year.
@PurpleTitan, there are always outliers on any bell curve but the statistical odds of getting an analyst position at a mainstream investment bank without attending a traditional feeder school are de minimus (and it is tough even for those attending a feeder school). Also, in my experience, all of the outliers have a special hook (for example, they might be the child of the CEO of a Fortune 100 company or of a large investor that provides significant trading volume to the firm). I am not suggesting there aren’t many other jobs that might be available in a large investment bank, but they are not those that are most sought after.
If you are talking about opportunities in boutique firms which don’t have a standardized recruiting process and where the principals hire candidates over the transom, it is possible. This is a fine strategy as long as there is no expectation that they will be able to translate that experience into a position at a larger firm.
While my response is a bit dated, I can provide some insight to your question.
From a statistical standpoint, UGA takes the cake. Placing 21 analysts on The Street in 2015 (not sure what the updated numbers are), they ranked 23rd in IB placement, tying with Dartmouth and The University of Southern California. (See: http://qz.com/271024/east-coast-elitism-is-still-alive-and-well-on-wall-street/). If you do not get into the Corsair Society, however, your odds of being placed are slim.
The obvious follow up question is: what are your odds of being accepted into Corsair? Corsair generally accepts ~5% of applicants, albeit, if you maintain above a 3.8 and have at the very least one relevant internship (most have 2) before applying, you’re a competitive candidate. For a tangible benchmark, I’d say the average Corsair student has above a 3.9, one finance internship, and another internship relevant to IB (ex: PE, transaction services, or boutique IB).