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Lon Biz School vs. NYU Stern for investment mgmt - help!

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London Business School or NYU Stern?

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Lon Biz School vs. NYU Stern for investment mgmt - help! [#permalink] New post 21 Jan 2009, 16:11
Hello all, long time reader and rare poster here....

I am in the enviable but difficult position of deciding between NYU Stern and London Business School next fall. I am having a very tough time deciding and thought I would get the board's thoughts.

I am a investment banker for emerging markets looking to make a career change into investment management - specifically into local bond markets within developing countries.

Job opportunities:
While NYU is obviously a top 10 name in finance, it seems to me that it is overshadowed a touch by Columbia for asset mgmt. Thoughts? LBS, by comparison, has no competition for the many AM jobs in London. Anyone know how london AUM stacks up vs. NYC ? Both have great access to the top recruiters in their city.

Financially:
LBS is a relative bargain, at around 32k USD a year. I believe NYU is around 45k USD a year. I would take out loans in the country of study, and then work there after, so no cross currency risk.

Classes:
NYU offers a deep roster of finance electives and well-known professors, whereas LBS has somewhat fewer classes and less superstar profs. LBS offers access to its Masters in Finance classes, which is nice.

Thoughts? LBS occupies a grey area, as it is sometimes is compared to the bottom end of M7 in US, but there is not a consensus. I'm particularly interested in the opinions of anyone working in AM now.

Apologies as this is somewhat incomplete, but I am typing it out on the mobile! Will edit and make it a little more comprehensive later tonight....

Last edited by AdamH83 on 21 Jan 2009, 22:21, edited 1 time in total.
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Re: Lon Biz School vs. NYU Stern for investment mgmt - help! [#permalink] New post 21 Jan 2009, 17:23
Generally LBS seems to have a better or at least equal reputation than NYU. Additionally, I would think that for developing country investment management an LBS MBA would leave you much better positioned for recruiting opportunities. I'm not sure why I say that, other than London seems to have a more international perspective to it, while New York is more US-centric (full disclosure: New York is my favorite city in the world and I lived there for 8 years).
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Re: Lon Biz School vs. NYU Stern for investment mgmt - help! [#permalink] New post 22 Jan 2009, 08:48
Isn't your decision as simple as deciding b/w NY and London?
If it is outside of US and UK, I would say LBS has a much better repute.
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Re: Lon Biz School vs. NYU Stern for investment mgmt - help! [#permalink] New post 22 Jan 2009, 14:51
Unfortunately I don't really have a preference between NYC and London. Have lived in both, worked in finance in both.

For that reason, I'm primarily trying to gauge job opportunities afterward. Seems like there is just as much AUM in london as there is in NYC, and relatively little competition from other business schools...
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Re: Lon Biz School vs. NYU Stern for investment mgmt - help! [#permalink] New post 22 Jan 2009, 18:12
Have you talked to people at each school to see if the kind of companies your looking to work for recruit at each school?

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Re: Lon Biz School vs. NYU Stern for investment mgmt - help! [#permalink] New post 23 Jan 2009, 03:11
Take this with a grain of salt since I'm not interested in finance and so haven't done a lot of research on finance job opportunities, but I'd think NYU has the better job prospects in NYC and LBS has the better prospects for lobs in London because of proximity and alumni network.

That said, I think LBS has a better reputation than NYU, moreso outside the US.

For me, I'd make the decision based on where I wanted to work after graduation, and whether I liked the culture and fit of one school more than the other.
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Re: Lon Biz School vs. NYU Stern for investment mgmt - help! [#permalink] New post 23 Jan 2009, 22:15
I think NJMike is dead on. Both schools have all the recruiters from the top AM firms, but LBS seems to have a few more because of its dominance in London. LBS also seems to graduate slightly more students into asset management roles, but the employment reports are not always super precise.

Obviously, though, AM is a space where a lot of the jobs are through networking, alumni, and other non-traditional means, and the alumni networks of both are huge and well suited to getting a job in the industry. Thanks to all for the feedback...
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Re: Lon Biz School vs. NYU Stern for investment mgmt - help! [#permalink] New post 23 Jan 2009, 22:58
Oh, and for the curious - as far as I can tell both NYC and London control ~$20tn each of a global ~$60tn AUM of various kinds. Quite hard to estimate precisely after the savage year of 2008...
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Re: Lon Biz School vs. NYU Stern for investment mgmt - help! [#permalink] New post 24 Jan 2009, 10:57
I'd say that you would have "equal opportunities" with many firms from both schools. If you want alternative asset management (HFs) than it won't be more about the school, but more about your networking.

At their websites I could see Capital Group and Fidelity hiring at LBS, and Fidelity and PIMCO at NYU, which placed 4% of students in IM. One thing you should bear in mind is that students who previously wanted S&T and IBanking have shifted their attention to IM, as a result competition has increased for IM in general. In other Top Finance schools the number is around 10%, and form what I've seen here in Chicago this number may increase a little bit.

I would talk to current students from both schools, see classes, etc.
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Re: Lon Biz School vs. NYU Stern for investment mgmt - help! [#permalink] New post 08 Apr 2012, 00:22
NYU Stern is far more reputable in finance than LBS. Also their ranks in Finance according to FT lates rankings:

Top Ten in Finance

1. New York University: Stern

2. Columbia Business School

3. University of Rochester: Simon

4. University of Pennsylvania: Wharton

5. University of Chicago: Booth

6. London Business School

7. University of Iowa: Tippie

8. University of Toronto: Rotman

9. Carnegie Mellon: Tepper

10. Rice University: Jones
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Re: Lon Biz School vs. NYU Stern for investment mgmt - help! [#permalink] New post 08 Apr 2012, 00:23
Plus Stern has some superb MSc programs in Global Finance and Risk Management
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Re: Lon Biz School vs. NYU Stern for investment mgmt - help! [#permalink] New post 08 Apr 2012, 04:56
Just as a note, this is a 3 year old thread.
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Re: Lon Biz School vs. NYU Stern for investment mgmt - help! [#permalink] New post 08 Apr 2012, 15:35
Re: Lon Biz School vs. NYU Stern for investment mgmt - help!   [#permalink] 08 Apr 2012, 15:35
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