<p>I have heard that umich is the second most represented school in Chicago, after U of I. is this true?</p>
<p>most represented in what way? For real jobs like high finance (ib, trading/market making, asset management/hf) and strategy consulting then yes; but doubt it for your generic F500 job.</p>
<p>Umich has a large representation in Chicago, but not sure if its 2nd to UIUC for high finance and such. I’ve seen mostly Kellogg/Booth grads with undergrads from all over. I personally haven’t seen that many UIUC grads but that’s just me. I’m sure bearcats has more experience with that.</p>
<p>^plenty of UIUC grads at top trading firms like CTC, DRW, Optiver etc</p>
<p>Trading firms, sure. UIUC Engineering and CS are excellent. Elsewhere? I think I’ve only met two UIUC alums in IB.</p>
<p>Back on topic - I have heard that there are more Michigan alumni in the Chicago area than alumni of other schools with the exception of Illinois but haven’t seen any data to verify this.</p>
<p>Also many from Indiana U, Iowa, Wisc, ND. But they work for the Michigan grads.</p>
<p>A study by the Federal Reserve Bank of Chicago found that 56% of new residents moving into Cook County (Chicago and suburbs), Illinois came from the state of Michigan, and that most of these are young recent college grads. Not all UM grads, however; MSU is also well represented.</p>
<p>[Study:</a> 56 Percent of New Cook County Residents Come From Michigan | NBC Chicago](<a href=“Study: 56 Percent of New Cook County Residents Come From Michigan – NBC Chicago”>Study: 56 Percent of New Cook County Residents Come From Michigan – NBC Chicago)</p>
<p>When I lived in Chicago back in the 1980s, I knew easily 30 to 40 Michigan grads in my immediate circle of friends and co-workers, and I ran into additional Michigan grads at every turn. Given how Michigan’s economy has gone since then, I can only imagine the place is even thicker with Michigan grads today.</p>
<p>Taken from the above article:</p>
<p>“The free ride won’t last forever, though. As Michigan becomes poorer and less educated, it won’t be able to attract the same quality of professors or maintain its universities.”</p>
<p>Illinois is in worse financial shape than Michigan. Michigan isn’t going away and the university is in better financial shape than ever. Michigan might gave to close a few schools ultimately, but that doesn’t mean the quality is going to erode for the surviving ones.</p>
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<p>Totally agree. That was a badly misinformed cheap shot by someone who doesn’t understand university finances. The state of Illinois is teetering on the brink of bankruptcy, and the University of Illinois is much more heavily dependent on state funding than the University of Michigan is. The University of Michigan started to diversify its financial base 3 or 4 decades ago and is now far down that path. That leaves it probably the most financially stable of any public university in the country.</p>
<p>But the rest of the article was interesting.</p>