jb32 wrote:
terp06 wrote:
From what I've been seeing, the Anderson network in San Francisco's investment banking community is really something to be reckoned with. I think you'll find just as many Anderson grads in SF I-Banking as you will M7 grads.
I hear you, but as a career-switcher to banking I'm a little concerned about going to SF. I've been talking to several people about the value of the network you develop starting out in NY. I think if you went to a mid-tier like JMP or Thomas Weisel that is based in SF you'd be fine, but I'm wondering how great an advantage you would have at Goldman or Morgan Stanley being in NY over SF.
I love Anderson and would be very happy to get an acceptance there this fall, but after thinking about it a little deeper, I see why a lot of people have UCLA as a backup to the other top finance schools. It's not a knock against Anderson per se, but more a result of their alumni's geographic concentration on the West Coast. The brand just isn't as strong nationally and that is a fact. People always talk about the best school by ranking, but I think it's really more about the best brand. What school has that certain Je-ne-sais-quoi? What school makes everyone else on this board jealous when you get an admittance? That is the power of the brand.
Starting out in NY and developing that network is important if you want to be a career banker. If you want to switch to PE/VC or something else after a few years - I would argue it's easier to do it out of SF than it is out of NY - especially VC. Also, people in California are far less pedigree-oriented than people in NYC - so they could care less whether you went to Anderson or Columbia/Chicago as long as you know your stuff and you're a good person to work with.
Personally, I find technology banking to be the most interesting and if you want to be a tech banker - it doesn't really make sense logically to start out in NYC. Goldman and Morgan's Technology groups in SF are some of the most prestigous banking groups nationwide. Credit Suisse and Deutsche Bank hold a lot of clout in Tech Banking as well.
To sum it up, given my career goals, if I get admitted to an M7 - I'll probably go. If it's between Anderson/Haas and schools like Duke, Yale, or Tuck - I'll probably just go with Anderson or Haas. I don't particularly have any desire to ever leave California - I moved here last year and I absolutely love it.