<p>bananainpyjamas sorry but I was just imitating Bluestar's response and generalization. Do these rapists represent the Duke student population? Ofcourse they don't. And trust me, I understand the limitations of my school and if I unintentionally represented Stern as God's own school, my apologies.</p>
<p>Duke is very big in NYC...
It's where I grew up, it's where a lot of my friends grew up, and it's where the majority of my friends end up when they graduate from Duke. </p>
<p>What I said was that any Stern GRADAUTE will get a job working at least in NYC finance... in pretty much whichever field they focus on. That doesn't mean that every Stern while an UNDERGRADAUTE will get any internship he or she wants. My friends who are Stern UNDERGRADAUTES did not get accepted to any of the internships they applied for. They are holding down the same odd jobs that they held down in high school. Granted, sophomore year analyst positions are very hard, and my friends at Stern are all sophomores. Will they get analyst positions after junior year? It's possible, and based on their GPAs, probably very likely. My friends at Stern aren't "retards" (and you are so rude for using that term anyway) because if they were, Stern would have laughed at their application and never accepted them. I don't discredit how tough it is to get into Stern and to succeed in Stern. Stern isn't an easy school, plain and simple. The curves at u-grad business schools are intimidating. I don't think a Stern degree will lead you to a life in squalor. I especially respect Stern MBA degrees, as many of the most successful adults I know received their MBAs from Stern.</p>
<p>But to say that I am the ONLY person making fierce generalizations is a lie. If I hadn't seen post after post of you generalizing how a Duke degree will get you nowhere in the finance world and how it isn't practical, I never would have posted to the extremity as I did. I understand that you think your school is God's school and the only way to work in finance in NYC, so isn't it justifiable for me to feel such overwhelmingly positive feelings about a Duke education?</p>
<p>As for 90G a year your FIRST year working in ibanking... yeah, that is extremely high, and also kind of rare. If your friends made more than 90 G with just a bachelor's degree in their first year in the work force, that's super impressive, but they are in the SERIOUS minority. I honestly congratulate them. And it was probably a series of other things (connections, being a genius, the most impressive undergradaute work resume) that got them that job with that paycheck rather than their finance degree from Stern. It's naive to believe that most people will get that type of paycheck their first year out if they have a degree in finance (or econ or English or history or PPS or whatever the hell they chose to major in). For someone so seriously studying the business force in a more practical setting (as you put it), you should understand that fact. It's not the way things work-- but things aren't impossible. </p>
<p>I've met with recruiters who have told me that they're looking to hire Duke students (and ivies) only anyone else. You may have met recruiters who have told you the contrary... there's a reason why the recruiters I've met at Duke are saying these things. Alliegances. </p>
<p>And PS-- my friends at Stern were the ones supplying me with the "We're guaranteed jobs in NYC finance, but you're going to get a better job than we will" statement. I wouldn't have thought that until multiple Stern students told me that. Take it up with them, not with me.</p>
<p>L,</p>
<p>Here's my best guess. I know that here at Duke, yes, our econ majors are recruited heavily, but those are often for jobs in management and consulting. Of course, we land pretty good jobs in i-banking, too - I've been recruited for a few such jobs despite entering another field entirely.</p>
<p>However, the real "gold mine" for finance firms, here at Duke, is our engineers. Engineers are often preferred because they're proven to be excellent with numbers. They don't have a financial background per se, but sometimes they're actually preferred for that reason - so that financial firms don't have to "un-teach" them anything. The truth is that Wall Street is going to take you for a couple months and retrain you anyway, and, under some circumstances, it's easier for you if you don't get trained at all.</p>
<p>The principle here is that finance firms are generally looking for the smartest people they can find, with very little regard for background and specific education.</p>
<p>If this principle extends into inter-school selection - and I can't see why it wouldn't - then it might have implications for this debate that we have going here.</p>
<p>My friend was just telling me that! He's in Pratt and hates engineering (but loves the rigorous math and quantitative stuff) and is planning on going into finance when he graduates. Apparently it's a national trend that engineers are the most coveted for such fields (he pulled up stats for me when I told him he was crazy for not just switching to an econ BS).</p>
<p>bluestar i never did make any generalizations until the last post. "a Duke degree will get you nowhere in the finance world and how it isn't practical"- never said this. from the first post i have maintained how great these two schools are. the facts that that i did post before are true unlike some of the stuff that you put down(Goldman Sachs recruiting). you are the one who always resorts to generalization by bring up your friends. Its really sad that they concede defeat so easily and say things like you "going to get a better job than we will." Yeah, thats why people choose Stern after Wharton, so they can be a teller at a local bank or fold shirts at GAP, right.<br>
Again I never said that people who make 90G are part of the majority. You just put words that never exist in my post. And what do you exactly mean by NYC finance. What other finance is there? NYC is the financial capital of the world. Most big firms do their business through NYC. Overall, I'm really happy that you think so highly of your school, but just on a cautionary note, get your facts straight before you post because people who resort to generalization as their source of facts, don't make too good of an argument for their cause.<br>
- As I said before, if Duke had such a big advantage over Stern, this question of where to attend would never arise. Finally, sometime we forget(me included) that these forum are not to for us, but for people that are having trouble deciding where to attend. Obviously you are very happy where you are and I too am content with where I am going next year. And finally I don't need to take anything up with anyone because i could care less.</p>
<p>legionaire - With the exception of bluestar, I don't think anyone is saying that Duke has an advantage over Stern. I think people just take issue with the fact that your earlier posts stated that Stern has a distinct advantage over Duke, which simply isn't true. A student looking to go into i-banking should not choose one over the other based on which would better serve them career-wise - in that respect, they are equal.</p>
<p>Stern's recruitment at i-banks was #1 last year, followed by Harvard, then Wharton. The year before it was Wharton, Harvard, Stern. Duke can't compete with Stern in i-banking, just no way. You're getting more of a theoretical and generalized education at Duke while everything you learn at Stern is practical and hands-on, stuff you utilize right when you get out of college. While studying finance at Stern, you'll definitely have a leg up, being able to do DCF valuations, etc. Duke's econ program is still great, but in terms of finance and i-banking, Stern is pretty much second to none.</p>
<p>Source, please.</p>
<p>Do a search in the business majors forum; I'm too tired right now to look for it.</p>
<p>Well if you can't be bothered to look up a source, why should we? You're the one who brought it up.</p>
<p>If it's #1 in recruitment in terms of pure numbers, well of course Stern would beat Duke. Most students at Stern want to go into i-banking, wheareas you can't say the same about Duke. It should be obvious however, that that says nothing about the prospects for Duke students who do want to go into i-banking.</p>
<p>And I'm sorry to burst your bubble about Stern supposedly being second-to-none, but Wharton owns finance, and Stern hasn't changed that.</p>
<p>I have to admit, I find it pretty amusing that a lot of Stern-supporters think they know so much about recruitment (and education, as evidened by njchino's assumption that Duke students do not gain practical skills) at Duke. No offense, but I'll take my first-hand knowledge over your mostly baseless assumptions anyday. :) If you want to go into i-banking, a Duke degree is a boost, albeit no more than a Stern one. Same goes for Stern - to suggest that choosing Duke over Stern puts a student at a disadvantage is misleading, to say the least.</p>
<p>I didn't say Duke's education was not practical, just that it's more theoretical compared to Stern, and Stern is more practical compared to Duke. W/e, it's alright, we'll each have our own biases for our schools.</p>
<p>And Wharton doesn't own finance; they might have a little edge if any. Wharton owns managment, marketing, real estate, etc, etc, though.</p>
<p>Uh, no one really "owns" (by which I mean blows away the competition) any of those fields in undergrad, and for MBAs, Harvard owns management and Northwestern (Kellogg) owns marketing. Seriously - anyone who knows the first thing about business education would realize that's not arguable. </p>
<p>And Wharton does not have a "little edge" - it's in a league of its own. I've worked at an i-bank for the past two summers. Wharton is respected far and beyond any other school. Oh, and they were a lot more excited about my Duke acceptance than my Stern one, seeing as the latter was a given. Just sayin'.</p>
<p>And yes, we each have our biases for our own schools, but if you read my posts you'll see I don't pretend to know more about Stern than people there, and I don't knock its ability to get students into i-banking at all. My point is that choosing between Duke and Stern based on which better serves your career is pointless - once you get to that level, you should choose based on fit.</p>
<p>alright, fine, I'll concede that Wharton is in a level of its own. But I still think Stern has an edge on Duke in i-banking and finance. Think about it this way: A student wants to be an engineer, electrical engineer to be even more specific, and his choices are Cornell or Yale. Granted, Yale is obviously more prestigious than Cornell, but Cornell's engineering is stronger and will prepare the student better to be an engineer, perhaps provide more opportunites. That's how I view Stern and Duke, except instead of engineering it's business, and instead of electrical engineer, its investment banker. And Stern is a top 5 business school, with specialty in finance, as Cornell is a top 5 engineering school, with specialty in Electrical engineering. I don't even know if I can say that about Duke because I don't think Duke's econ program is even in top 5.</p>
<p>"Oh, and they were a lot more excited about my Duke acceptance than my Stern one, seeing as the latter was a given. Just sayin'."</p>
<p>bananainpyjamas, things have certainly changed since the time you applied and got in. It has gotten considerably more competetive and Stern and NYU as a whole have risen in rankings and respectability. 300% percent increase in applicant pool in just one year is quite large by any standard. Stern degree is very well respected in wall street and througout the world, similar to Duke in its respective areas of expertise. Students have increasingly turned down other ivies(Cornell, Dartmouth, Columbia...) to attend Stern.</p>
<p>
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bananainpyjamas, things have certainly changed since the time you applied and got in. It has gotten considerably more competetive and Stern and NYU as a whole have risen in rankings and respectability.
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<p>I'm sorry, but I have a really hard time believing that a school could go from a solid safety to a reach in one year.</p>
<p>nj - No matter what you might want to think about the merits of a practical education v. a liberal arts one, or Duke not having a top five econ program (keep in mind its competition in econ relative to Stern in finance), the fact remains that both degrees are respected on Wall Street and both schools are heavily recruited. Don't cry for the poor little future i-bankers at Duke - they will do just as well as they would have had they gone to Stern.</p>
<p>my bad, i thought you applied 3 years ago since you said you worked at an i-bank for the past two summers. And this year nothing was a solid safety for anyone, many highly qualified people got rejected from places that should have been safety for them.</p>
<p>NJ, the thing you're missing is that engineers actually have to learn something in college. IBankers don't. That's why engineers get recruited very heavily into the finance sector.</p>
<p>This is why, if I - being an industry outsider - were to guess which school it's easiest to enter the finance industry from, I would have guessed MIT. (Grad econ program is #1, kids are obviously quantitatively skilled, etc.)</p>
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my bad, i thought you applied 3 years ago since you said you worked at an i-bank for the past two summers
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<p>Understandable. I was a lucky little high schooler. :) And incidentally, those two summers made me realize I don't want to be an i-banker. </p>
<p>...but I'm still working there again this summer. The pay is good, relatively speaking. :p</p>
<p>I love this, heated late night debate on CC. Once again, I stress I respect Duke a lot. I have three friends who go there. But you know how it is, I gotta represent. Stern class '10, holla!</p>