mhenning
robface
mhenning
The decision deadline is approaching and I've narrowed my choices down to Cornell with a scholarship or NYU. My target industry post-MBA is investment banking, but I'm not sure which school I should choose. NYU clearly has the better finance program and the location is an advantage, but I'm not sure what the career prospects look like at Cornell versus NYU for investment banking. Not sure if the $$ at Cornell is worth not attending NYU, or if it even makes a difference.
Does anybody have any thoughts or in a similar situation and having to choose between a scholarship versus location and ranking?
Comparing the stats, 10% going into banking from Cornell and 28% from NYU. Huge difference, but not impossible from Cornell. NYU has a much better network on Wall Street from what I've seen though so that might be very beneficial. Is your Cornell scholarship very large? Then, would you be going there just because its however much cheaper?
The scholarship at Cornell would result in more than half off the cost of tuition. To answer the question...yes cost is the factor here as long career prospects aren't somehow worse at Cornell versus NYU.
While a smaller % of Cornell students go into investment banking, compared to NYU, my thought was that there might be less competition from the same jobs. NYU is known as a finance school so I would think a greater % of the students go into investment banking. Maybe I'm thinking about it the wrong way.
I'm looking to get into Ibanking as well and will be attending Cornell this year with a fellowship. I actually ranked Stern 1 and Cornell 2 on my consortium app, but if you wouldve asked me two weeks after i wouldve flipped the two. Cornell has a lot of great connections at NYC banks and a lot of the top banks come to campus to recruit. As you said earlier NYU is known as a finance school and the competition there is much more fierce than at Johnson. Speaking with a number of Johnson students looking to go into banking, they all told me that they were able to do well as far a recruiting for IB and aren't at a huge disadvantage to the NYC schools, one 1st year whom i met a few weeks ago didn't even think she was going into IB and therefore didn't recruit until around October, and she landed an offer from GS for the summer. Granted its tough to beat the proximity of NYU to Wall St, and it will require some hustle to make things happen, but I'm fully prepared to drive down to NYC on thursday nights to meet with banks on fridays. I dont think you'll be doing yourself a disservice by attending Cornell, the two are actually pretty closely ranked and I think Cornell is actually ranked higher on P&Qs list for 2011 (But who cares about rankings anyway, right?)
I ended up getting WL'd at Stern but got a full ride at Johnson, but I think had I gotten into both I mightve picked Cornell even without the scholarship. Now you have a 1/2 scholly from Johnson so that def puts things in their favor i think, as that's a significant amount of money, with interest, that you wont have to pay back, plus the cost of living is much cheaper which was a big deal for me.
My advice would be to come to DJ next week and go to Stern's admit wknd and see which environment and group of people you fit in best with, but you really wont be making a "wrong" decision with either school.
Feel free to shoot me a PM if you wanna discuss more or wanna link up at DJ, theres a bunch of GMAT Club people who are going to be there.