<p>I'm very interested in I-Banking or similar Finance oriented jobs after I graduated college. My best choice college (mom works at CU free tuition) would idealy be Columbia. However, I wouldn't want to sacrifice/hurt my prospects in the business world by choosing Columbia over say Wharton just because of $$$. With that said, how are Columbia alums doing in the finance sectors? Obviously CU's non-existent finance is inferior to Wharton, but is there a BIG difference between two prospective i-bankers who are top students at both schools? thanks!</p>
<p>First of all, the odds of you getting into both Columbia and Wharton are minimal. You'll be very lucky to get into one of them, so any such conversation is really premature.</p>
<p>Second, free CU tuition isn't that great a deal because your parents are taxed on that money. So, it's really half off.</p>
<p>Third, I believe CU pays 1/2 tuition for faculty members' kids at other universities.</p>
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Man, people would kill to be in your shoes, being able to go to Columbia for free.
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dude you have a free ride to columbia....go there.
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<p>He still has to get in. It's only a free ride if he gets in.</p>
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However, I wouldn't want to sacrifice/hurt my prospects in the business world by choosing Columbia over say Wharton just because of $$$
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<p>HAHHAHAHA. </p>
<p>That is the funniest sentence ever. It doesn't make sense at all. You don't want to choose a college because of money, yet you're worrying over the difference between Columbia and Wharton? And what for? Oh yeah, so that you can succeed in business, which by the way, is all about the moolah! How ironic. Anyways, as Columbia2002 has said, worry about getting into these universities before you have to fret over this matter. Seriously.</p>
<p>Lol exactly. But the point is, Should I ED Columbia or Wharton where both schools have a significant advantage in chances for admissions when applying early? I'm locked at either if i get in.</p>
<p>Apply where you'd rather go. You're going to do well in business if you're smart and hard-working coming out of either school. And, the money isn't that much of an issue given my post.</p>
<p>The solution is simple: Apply EA to the University of Chicago. Just kidding.</p>
<p>I'd try to have your TOP choice selected by the time the early deadlines come up. If not, I'd then seriously consider applying to a school like Chicago in the EA round, and then applying to these two RD, so as not to get stuck with a choice you may regret... which, in this situation, is impossible since all of these school vary from great to awesomely great.</p>
<p>And it depends what job you're going into. Not everyone will get a $100K starting from those schools unless you're going into consulting or investment banking as an associate. On average, the starting MBA salary is at least $75K-$90K in most industries. You certainly won't get $100K working with the government or non-profit agency right after you get the MBA.</p>
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man 100k a year out of Columbia b school sucks balls.</p>
<p>I've got a friend that just graduated from Chicago Business School and is starting off at around 250k a year. Boo Columbia Yay Chicago!
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<p>It's called one data point. The average b-school starting salary is about 110-115K at all of the top business schools (check USNews). There are people from Columbia and Chicago (and Harvard et al.) in well-paying jobs like that. And, there are people from all those schools making at or below the average.</p>
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On average, the starting MBA salary is at least $75K-$90K in most industries. You certainly won't get $100K working with the government or non-profit agency right after you get the MBA.
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<p>It seems like a lot of the non-profits do pay for the MBAs. I'm not sure why anyone would pay for an MBA out of his own pocket to go work for the government or a non-profit.</p>
<p>I am working in an Human Resources Office this summer part time.</p>
<p>We have access to Monster and to Career Builder. So naturally, I searched for Columbia Graduates. Don't kid yourself, plenty of Columbia Business School graduates checked the $60,000.00 range for income acceptable.</p>
<p>Columbia Law is seriously different. But I don't know where you come up with that 100K is low idea. </p>
<p>Also, don't discount the Wall Street firms that hire Ivy League athletes and you always find that the Ivy League athletes indicate that they were athletes. It must be like some code: hire me!</p>
<p>Anyway, I seriously checked that out. There are plenty of grads with their resumes posted on Monster.</p>
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Don't kid yourself, plenty of Columbia Business School graduates checked the $60,000.00 range for income acceptable.
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<p>That doesn't mean they're actually ending up in 60K jobs. They could check whatever they want to check. The average is 115Kish.</p>
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But I don't know where you come up with that 100K is low idea.
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<p>100K is a horrible amount of money to make in an expensive city (like NYC or SF or LA) after you've spent 2 years x $50,000/yr of B-School tuition and lost two years of salary during the time you spent in school.</p>
<p>60K might be a horrible amount of money to make for a big city.</p>
<p>Maybe if you don't graduate in the top of your class you're not going to make it in a big city. Maybe you're going to end up working in Kansas City.</p>
<p>If they check they're willing to make in the 60's on their Monster Resume then they've looked around and a few have had a couple of jobs. They know what they can realistically expect. </p>
<p>The way it was explained to me that if you're not in the top of your class then you're not going to make the big bucks.</p>
<p>And as for the 250K -- the only people seriously expecting that on Monster did things like found Broadcast News with Mark Cuban and that sort of thing.</p>
<p>Seriously, if you want to know what people are really making out there spend two weeks trolling though Monster and CareerBuilder. You just have to find someone with an account with them to look at the resumes.</p>
<p>BTW there are plenty of Columbia grads looking for work as secretaries, too. CC, mostly but I was really surprised. It was a real eye opener. I'm going to do great internships and make sure I don't end up like that ...... well, if I get in.</p>
<p>I plan to do 1 or 2 extraciricularr activity, as well as network like crazy though Columbia's Alumni Network, in regards to those who are working in Management Consulting and Investment Banking(M&A). This way, I'll know what to expect as far as interviews are concerned and the nature of both industries. The earlier a students prepares for those field, the better off he'll be. Academics are important, too. It's better to be at the top of your class enjoying what you love than taking a popular major and failing at it.</p>
<p>Does anyone else think it's crap that students work SO hard to get into a school like Columbia (which accepts what, like 1000 people a year) and then they do well at the school and that STILL doesn't guarantee them a great paying job. I dunno...it just seems like going to one of the greatest universities on the planet and being part of a small, elite group of students should place you in a high-paying job initially.</p>