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School Decision: UNC ($$$) / Emory ($$$) / Cornell ($) / Darden

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Which school? Post MBA goal - Investment Banking.

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School Decision: UNC ($$$) / Emory ($$$) / Cornell ($) / Darden  [#permalink]

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New post 04 Apr 2020, 12:38
Hi Everyone,

Trying to make a decision soon on which school to attend this fall. I have been accepted with scholarship to UNC, Emory and Cornell. On the waitlist at Darden. Post MBA goal is investment banking however I would not be opposed to staying in consulting (current industry). Ideally I would end up in the southeast US long term but ok with living in NYC for a few years post grad.

Happy to hear any thoughts or comments you all may have. Thanks!
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Re: School Decision: UNC ($$$) / Emory ($$$) / Cornell ($) / Darden  [#permalink]

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New post 04 Apr 2020, 13:15
OP here - wanted to provide some additional details.

Background: 28 year old male, US citizen, 5 years of consulting experience, 730 GMAT


Post-MBA Goal: Investment Banking. My struggle with this is mostly on location. I have been in NYC for the past 5 years and would like to be back in the southeast where I am originally from. I understand that banking in ATL is somewhat limited. Does it make sense to consider consulting instead as a means to get back home? The scholarship at Emory and UNC is significant and difficult for me to walk away from despite me leaning towards Cornell.


Cornell ($40k):
Ivy League
Really love Ithaca (enjoy the outdoors, skiing, hiking, college town feel)
Solid IB Recruiting and immersion
Most alumni in NYC or the Northeast generally. Few alumni in ATL.

Emory($100k):
Great reputation in the Southeast
Seems like they place very well in consulting in ATL especially T2 / Big4 firms.

UNC ($100K)
Great reputation in the Southeast
Places well in consulting and banking.
I liked Ithaca better but Chapel Hill is nice and I would enjoy the small town feel.

Darden:
On the waitlist here. Was originally my top choice.
Solid placements in both banking and consulting.
Alumni in both NYC and the Southeast.
If I can get in off the waitlist, how would that change things for me? Assuming no scholarship.
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Re: School Decision: UNC ($$$) / Emory ($$$) / Cornell ($) / Darden  [#permalink]

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New post 04 Apr 2020, 13:24
Congrats on your admits and scholarships!

This year is going to be an odd one with admissions and likely chances of getting off the WL should be better. Sometimes people get scholarships too off the WL. It is an odd world out there.

If you are going for banking then Darden is really the program to pursue. UNC and Emory are nice esp with a significant discount.... but not for banking.

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Re: School Decision: UNC ($$$) / Emory ($$$) / Cornell ($) / Darden  [#permalink]

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New post 04 Apr 2020, 13:52
abhimahna and woody93 - what do you think about banking options for a former consultant at UNC or Emory?

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Re: School Decision: UNC ($$$) / Emory ($$$) / Cornell ($) / Darden  [#permalink]

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New post 04 Apr 2020, 15:35
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bb wrote:
abhimahna and woody93 - what do you think about banking options for a former consultant at UNC or Emory?

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Hey 1017bricks ,

Congratulations for great admits. I am not sure about UNC banking placement but Emory has a strong investment banking presence and allot of people end up doing banking every year. In my opinion, finance club is by far the best club at Emory considering the amount of efforts they put in investment banking and corporate finance placements. I would highly recommend reaching out to alums of both the schools. Moreover, you need to decide whether you wanna try consulting also - if yes - Emory is the best shot.

All the best and keep us posted wherever you go!
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Re: School Decision: UNC ($$$) / Emory ($$$) / Cornell ($) / Darden  [#permalink]

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New post 04 Apr 2020, 19:21
1017bricks wrote:
Hi Everyone,

Trying to make a decision soon on which school to attend this fall. I have been accepted with scholarship to UNC, Emory and Cornell. On the waitlist at Darden. Post MBA goal is investment banking however I would not be opposed to staying in consulting (current industry). Ideally I would end up in the southeast US long term but ok with living in NYC for a few years post grad.

Happy to hear any thoughts or comments you all may have. Thanks!



My advice to you is to let abhimahna connect you with current students in the finance club and ask them directly about the opportunities Emory provides for IB. If you can do the same with UNC, so it will be nice. It is great to check the the schools with those hefty scholarships at hand.

Good luck
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Re: School Decision: UNC ($$$) / Emory ($$$) / Cornell ($) / Darden  [#permalink]

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New post 05 Apr 2020, 07:18
UNC actually has a very strong banking program - I'd even argue its better in terms of placement than consulting, at least this year. Financial Services and Tech will be our top 2 preferences for industry's. I would really strongly urge you to speak with some admissions ambassadors on banking - but I know a lot going into banking. Also, if you want to be in the SE, all Darden, UNC, and Emory would be better bets than Cornell. Keep in mind, UNC's geographic placements are actually really well rounded, and a ton are doing banking in Charlotte and a good amount in NYC as well.
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School Decision: UNC ($$$) / Emory ($$$) / Cornell ($) / Darden  [#permalink]

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New post 07 Apr 2020, 15:35
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Current Emory Student here with experience in IB recruiting.

Given your goals, I'd say Darden > Cornell > UNC > Emory (after considering scholarships)

In the SE, Truist (Suntrust) becomes your major target if you want to pursue IB. They recruit from Darden, Emory, and UNC, and I'd imagine Darden would have a greater pipeline as compared to Emory/UNC. Emory historically has been sending two candidates to Suntrust. With the BB&T/Suntrust merger, there were conversations around the IB headquarters moving to Charlotte eventually (I am not updated what happened to that). In that case, I'd imagine UNC have a greater pull than Emory for Suntrust. As far as other IB opportunities as concerned in SE, there are a few small/boutique/mid-market shops in Atlanta. Citizens Capital Markets (earlier known as Bowstring/CHILDS) recruits from Emory (1 kid every year historically). Darden gives you a better brand, greater alum base, and more structured opportunities for IB as compared to Emory. JPM considers Emory a "core" school but their recruiting has gone down significantly in past few years and we've been sending only one candidate to JPM for the last two years. We do send people to BAC, Credit Suisse, Barclays etc but the numbers are very thin (mostly 1-2 candidates each year) and you have to hustle on your own to get those "non-core school" spots. We recently expanded our relationship with WellsFargo but we are still not "core" for them and recruiting is off campus as of today. Darden will give you easier access for sure. Even UNC would give you more structured opportunities and I know that more banks have them as core schools specially BAC with a huge presence in Charlotte. Cornell being in NYC gives you an entry into the door at almost every bank but maybe not at SunTrust (not sure). Also a better brand than Emory/UNC with better recruiting numbers both quality and quantity wise.

As for consulting, if you are targeting tier 2 consulting firms, then Darden > Emory = Cornell > UNC. If MBB and other strategy consulting firms, Darden > Cornell = UNC > Emory. Emory has a very thin pipeline with MBB. We just send 1-2 candidates each year to each of the three consulting powerhouses. Apart from that we have strong numbers to show for Big4, Simon Kucher.

Given the current circumstances with Covid, I'd also want to graduate from a Darden/Cornell vs a UNC/Emory.

All the best!
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School Decision: UNC ($$$) / Emory ($$$) / Cornell ($) / Darden   [#permalink] 07 Apr 2020, 15:35

School Decision: UNC ($$$) / Emory ($$$) / Cornell ($) / Darden

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