<p>I plan to major in finance and hopefully land an Investment banking job after I graduate,I was accepted to Depaul, Michigan State University, and Indiana University to the Kelly School of business. My question is, which one of these schools would be best to attend if I wanted to get into Investment banking. Depaul isn't the best school, but they gave me a large scholarship and also they are in Chicago which would only lead me to believe there is a lot of opportunity to break into the business coming from a school in Chicago. Another thing I heard about Depaul is that it's not the greatest school in Chicago so companies don't even look at graduates from there. Michigan States business school is ranked 33 in the nation but I'm not sure if I could make many connections through going to state with internships and what not. And Kelly I was admitted to but it would cost me about 40 thousand a year which is a little too pricey for me. But would it be worth the investment if I wanted to break into a career like investment banking? My question is which school will give me the best shot to land a job at an investment banking firm. </p>
<p>PS i was differed from University of Michigan and am still waiting to hear back from them, if I get admitted there would that be the best route to go?</p>
<p>None of the schools you mentioned would get you into investment banking.</p>
<p>If OP went to Michigan he could get into Ross…Ross is like Tier 2 at least.</p>
<p>If you get into Michigan, go there (and I’m assuming you’re in state). That’s the only school you mentioned where you have a chance at breaking into i-banking.</p>
<p>Only Kelley would give you a shot. If you get into Michigan go there and try to transfer to Ross after 1st year</p>
<p>Go to Kelley.
It’s always great to have a school like that on your resume, but focus more on GPA.
My uncle went to Kelley for his MBA in Finance and he’s now the CEO of one of the largest ethanol companies in the world (I think he’s making around 1.5 million a year).
He told me what they care about most when looking at applicants is the GPA.
If you go to DePaul and graduate with a 4.0 you are in better standing than a student graduating from Indiana with a 3.2.
You will gain connections anywhere you go so don’t worry about that.
Your main focus needs to be getting the highest GPA possible, then you can start looking at where you would like to spend the next few years of your life. A small college town in Indiana, a small college town in Michigan, or the city of Chicago.
Personally I would choose Michigan State (I like their sports more than Indiana’s sports).</p>
<p>Depends what kind of investment banking you want. The Goldmans and the Morgans of this world get all they need from Ivies. If you want some second tier regional investment bank, then you are fine.</p>
<p>If you want to be a salesman (i.e., selling stocks and bonds to institutional investors), then it really doesn’t matter much where you get your degree, as the people who run those institutions themselves tend to have non-Ivy degrees. If you want to do corporate finance – in the sense of mergers and acquisitions and IPOs, etc – forget about it if you aren’t Ivy or near-Ivy. These are the creme de la creme and the owners of these business don’t want some State-school kid giving them crucial advice. They want to know your smarts were really vetted at the best schools. But, as I mentioned, for sales, they’ll take anyone with pulse who can prove they can build a book of business. If you can’t after six months or so, you’re history. You will never see the inside of corporate suite as a salesman, but you could be making big bucks and still call yourself an “investment banker,” snark snark.</p>
<p>Kelley hands down. Followed by Michigan State. DePaul won’t help.</p>
<p>I’m in Kelley and trying to one day get into Hedge Funds or Private Equity after doing a job in investment banking. Our program ranks pretty highly and there are a few people who manage to get the IB job each year.(I would think that they just don’t hand out the job to anyone)</p>
<p>[About</a> Us:<em>Kelley School of Business:</em>Indiana University Bloomington](<a href=“http://kelley.iu.edu/about/rankings.html]About”>Rankings | About | Indiana Kelley) </p>
<p>go to the link and click on the undegrad to open the ranking</p>
<p>Accounting is ranked 8th overall and Finance is ranked 10/9th overall( A little confused here because they list 10th on the un-expanded and when I expanded the table on the site, Finance changed to 9th. Maybe look it up at US News itself if that interested)</p>
<p>Personally, I’m not a diehard IU fan but I like kelley. As long as it’s in the top 30 or so, the curriculum should be rigorous to leave it up to how well you do.</p>
<p>I’ve heard of DePaul and don’t think it will help very much as my opinion. Michigan would work a little better than IU, but which one is cheaper? How much can that small difference in rank do to you if your academics are impeccable? not very much in my opinion.</p>
<p>I’m currently pairing Accounting with Finance and trying to get the 2/3 program allowing one to receive their CPA early. I will hopefully get an internship then attempt Fiance masters if jobs aren’t open to me.</p>
<p>-1- UMich / Ross biz school if you get in…but if you’ve been deferred then you won’t get one of the rare “direct admits as a freshman” to Ross…so you’ll have to smoke your freshman year grades and cross fingers you’re admitted as a Soph…and if you’re not then you’ll have to choose another major outside of the biz school like Econ or ?</p>
<p>-2- IU / Kelley School of Biz: Easy 2nd choice…and probably your best first choice since you’ve been admitted directly into the biz program. They do send a fair amount of grads to Wall Street.</p>
<p>-3- MSU or Depaul: I don’t think you’ll get to Wall Street with biz degrees from these two.</p>
<p>There are over 50 people from Kelley entering IB full-time upon graduating this May.</p>
<p>Much more than “a few people.” </p>
<p>There were over 50 full-time placements in IB in the class of 2012, as well.</p>
<p>blixenvixen- that’s the figure for true corporate finance IB (does not include: S&T/HF/PE/PWM/transaction services)</p>
<p>Banks range from NY bulge bracket (BAML, Citigroup) to NY boutique (Moelis, PWP, Lazard Freres) to Chicago bulge bracket (BAML, GS) to Chicago middle market (William Blair, Robert W Baird)</p>
<p>this is in no way exhaustive! see here: [url=<a href=“The Investment Banking Network at Indiana University: Error On Page”>The Investment Banking Network at Indiana University: Error On Page]The</a> Investment Banking Network at Indiana University: View Members<a href=“2013%20tab%20for%20those%20graduating%20in%202013”>/url</a></p>
<p>and see here: [url=<a href=“The Investment Banking Network at Indiana University: Error On Page”>The Investment Banking Network at Indiana University: Error On Page]The</a> Investment Banking Network at Indiana University: View Members<a href=“click%202013%20tab%20for%20those%20graduating%20in%202013”>/url</a></p>
<p>those links show where where the students interned and where the students are going FT</p>
<p>you can also see where most of the 2014 kids are interning
one is going to Greenhill</p>
<p>I went to Indiana and it worked out very well for me. Got my dream job (as a banker at a top bank), loved my four years there and would not have traded it for anything. Just one person’s experience though.</p>
<p>Thanks for all your help guys! I’m new to the forum and didn’t receive any notifications so I’m a little late reading all this info! Unfortunately I was not admitted into U of M, so now I’ve narrowed it down to Kelly and MSU. Anyone have experience with the investment banking workshop, or the investment management workshop? How selective are these programs? Also how is the curriculum at IU, is it manageable to maintain above a 3.8? I’ve looked into Kelly and it seems as if anyone who has a 3.8 with some internships to go along with it has a good shot at getting a full time placement. Only problem with IU is that it will cost me 40K a year, over the course of 4 years that’s 160K in the hole. Browsing through Kelly’s website I saw that average first year analyst’s get around 60-65K in salary plus a 60-90K first year bonus… I know ivestment banking is very well compensated but are these numbers accurate? I want to make sure that I’m not going to be going to an out of state school paying that much in tuition only to be making a salary that wouldn’t let me pay it off for years. </p>
<p>Thanks for the help guys, I have 8 days to make a decision lol.</p>
<p>In terms of salary potential directly out of undergrad, you can’t really get any better than investment banking.</p>