Major - Accounting and Finance
Cost of Attendance: UIUC - 45000
UMTC - 35000
Grinnell - 20000
Which university should I attend??
Depends on what you want to do. LSE is probably the most ‘prestigious’ of all 3, but if you aren’t a UK/EU national you’ll find it very hard to find a job in London. Stern probably has more name recognition than McDonough, and is more competitive, but it really depends if you would rather work in DC or NYC.
@Adaephon how does where you go to college affect where you get a job? I want to live in NYC post college but can’t afford NYU so I’m really looking at Georgetown (McDonough). Is that not a good plan if I want to work in NYC after college or should I suck up the loans and just go to NYU?
@1zogden1 It just helps with recruiting, especially for the bigger banks/organizations, if you can physically go to thier offices, talk to current team members, etc. Georgetown is just a target school for the DC offices of Bulge Bracket investment banks, iirc. But if you can go to Georgetown debt-free it is a much better investment than NYU imo, especially as in Stern everyone is competing for the same few jobs on Wall Street. YOu can still get into NYC from Georgetown I think, it just takes more work
If it very difficult for American students to be admitted as undergraduates to LSE. They require five 5’s on your APs (they will tell you which one depending on what subject you wan to read). And if you are not an EU citizen or a Commonwealth citizen, it is exceptionally difficult to get a work visa after graduating. The old system that granted visas to recent graduates has been abolished.
@Adaephon Graduating debt free? Not if you need financial aid. I’m a lower income student, and my financial aid package from Georgetown was much worse than the one I received from Pomona or Amherst. They wanted a larger summer contribution, more Work Study and more loans. Conversely, Pomona and Amherst gave me grants that covered everything. Discouraging frankly. They meet “full need” but I don’t consider loans to be financial aid.
klingon97, I’m curious what you consider to be “lower income,” because my bill each semester until junior year was about $200, no loans.
If you aren’t a UK national, there is 0 point in going to LSE as none of the banks will hire you. Stern and Georgetown are basically a toss up, all of the major firms recruit at both for New York positions and everywhere else pretty much. If you know your stuff and have good extracurriculars, you’ll do fine. Personally, I think Georgetown is a much better school than NYU, but if you are solely focused on finance, there isn’t that much different between the two
I don’t think Stern and GTown are a toss up. While GTown is a target school for some of the BBs, it is not for others and many of the of great boutique firms don’t prioritize don’t consider GTown to be a target (Evercore, Moelis, Greenhill, Rothschild, Houlihan Lokey, etc.).
Additionally getting any buy side positions out of GTown will be almost impossible while it is certainly a possibility and more than likely if you graduate at the top of Stern. There are too many opportunities that Stern offers by way of its location that GTown and most other schools cannot match.
Stern is much better than GTown for Finance.
I had the opportunity to review 2014 employment data a few months ago. Based upon my recollection, this data revealed the following:
• Slightly more than 50% of the graduating seniors from MSB accepted full-time jobs in finance. This was the overall rate for all MSG majors. I do not recall the specific rate for MSG Finance majors. It may be substantially higher.
• Employers included Goldman Sachs, Merrill Lynch, Credit Suisse, Deutsche Bank, JP Morgan, etc.
• The overall MSB employment/graduate school attendance rate was well into the ninetieth percentile with the vast majority of graduating seniors working in relatively high-paying jobs.
• Employment with consulting firms formed the next highest tranche for graduating MSB seniors. Consulting companies listed included Bain, McKinsey, and Boston Consulting.
• Something like 95 percent of MSB undergraduates participated in internships with about 50 percent working in finance and roughly 25 percent working in consulting.
• Overall, approximately 40 percent of the graduating seniors from Georgetown work in finance or consulting after graduation. The majority of this 40 percent work in finance.
• Roughly just as many graduating seniors worked in Manhattan as in Washington, DC – if I recall correctly, this was a composite statistic.
I assume Grinnell does not offer majors in accounting or finance. They are a LAC, and you usually don’t find those types of pre-professional majors there. Are you admitted to Carlson at UMN or the College of Business at UIUC?
YES! I will be studying Economics at Grinnell
No need to shout… and what are you saying “yes” to? Were you a direct admit to the business programs at both universities?
You can’t be an accountant if you study Econ. What is your goal with your degree?